NEWS ARCHIVES


02 March 2018

Absa’s back and aiming for growth

A decline in impairments last year has helped lift Barclays Africa’s full-year headline earnings by 4% as it prepares to rebrand.

Cheers to Brazil as recovery boosts AB InBev

South American sales at the world’s biggest brewer boosted full-year volumes, while merger synergies with SABMiller boosted earnings.

Implats halves its losses as review gets underway

The platinum producer is focusing on unprofitable operations as it tries to restore earnings.

Ascendis shares perk up on results

The healthcare group plans to focus on organic growth as it reduces debt.

Fairvest sitting pretty for upturn

As a focused South African fund, Fairest says it should outperform as lower inflation and interest rates support consumer spending.

Movers & Shakers - Gary Felthun and Craig Atkinson

Global law firm White & Case LLP has strengthened its Mergers & Acquisitions Practice with the addition in Johannesburg of partner Gary Felthun and local partner...

Who’s doing what in the South African & African M&A space?

Oro Agri is an international company involved in the research and development, production, distribution and sales of a unique range of patented agriculture biological products.

President’s Keepers’ Jacques Pauw raided – but why now?

NB Publishers is standing by Jacques Pauw - and Pauw says no journalist would keep sensitive documents lying around the house. But more pressing is the...

Parliament: Historic land expropriation agreement reached amid South Africa’s changing politics

The EFF on Tuesday scored a backhanded political victory when the ANC supported its call for a constitutional amendment for land expropriation without compensation, even as...

Corporate finance activity of the week

Following the agreement to acquire 3G Mobile, the company launched an accelerated bookbuild to raise R900 million to partly fund the acquisition. 72,000,000 new Blue Label...

Thorts - Pan African Resources

This project is a major milestone for Pan African, increasing gold production by more than 25% and decreasing the average production cost per ounce of gold...




01 March 2018

Growthpoint back in top spot

The real estate investment trust’s market cap reached R80.4 billion in December and has since swelled to R87 billion.

Steinhoff listings safe - for now

The group is in contact with its principal regulators and says none of them is seeking a suspension of the company’s ordinary shares.

Sasol ADR shares and Tanger Factory Outlet REIT

Sold Sasol and purchased Tanger Factory Outlet Centers to provide higher and more stable dividend income

Mining lifts Murray & Roberts

The group says the outlook for underground mining is improving, while its other divisions face short-term challenges.

Slow town planners hold back Balwin’s earnings

After hiring professionals to help it engage with the authorities, the property developer says it’s ready to start construction.

Bowler Metcalf blames it on the rain

The plastic packaging group says its first-half earnings were affected by capricious weather patterns and a plastic shortage




28 February 2018

Changing of the guard at FirstRand

CEO Johan Burger will be replaced by Alan Pullinger when he retires at the end of next month, while chairman Laurie Dippenaar is also headed for...

Grindrod steers shipping to listing

The group expects to report a smaller loss for 2017, helped by stronger commodity markets and drybulk shipping rates.

AECI rides on resources recovery

The chemicals and explosives group has delivered record headline earnings thanks to a recovery in the global resources sector.

WBHO making inroads down under

Australia now contributes 61% of group revenue due to strong growth but higher-margin South Africa still makes up over half of its profit.

Aveng moves ahead with disposals as losses narrow

The construction and mining contracting firm believes that its current valuation doesn’t reflect the intrinsic value of its underlying operations.

Torre looks to disruption for opportunities

The industrial group has emerged from a restructuring and is looking to strengthen its position through partnerships and technology disruption.

Cabinet Reshuffle: Ramaphosa plays difficult balancing act

In his second week on the job, President Cyril Ramaphosa announced a Cabinet reshuffle on Monday night. He made wide-sweeping changes and fired some of former...




27 February 2018

Oil recovery fuels Sasol

The oil and chemicals group says if oil prices can be sustained at close to $70 a barrel, it augurs well for its second half.

Shoprite “beats the odds” on low prices

The retailer said its internal inflation dropped seven percentage points to 0.4%, with price decreases for thousands of products.

Bidvest poised for the economic recovery

The industrial services group says most of its divisions are ideally positioned to take advantage of a revival in economic growth and investment.

The Week Ahead

The global economic growth outlook still appears to be intact, with inflation only making a moderate reappearance. #ChrisGilmour

Chicken shake-up boosts RCL

Once-off factors and a turnaround at its Chicken business have boosted RCL’s interim profit by more than half.

Rand hampers Hulamin as demand improves

The aluminium supplier and exporter is also keeping a close watch on proposed new US trade regulation which could affect its exports.

Health-E News: What's for breakfast, Jozi?

Over half the population has unhealthy levels of body fat. At Johannesburg's three busiest taxi ranks, energy drinks, chips, pap and meat are the most popular...




26 February 2018

Resilient companies unravelling

The market has failed to give Resilient the benefit of the doubt in a move that’s likely to force it out the JSE Top 40 Index.

Truworths expects VAT hike to add pressure

The clothing and homeware retailer says consumers are likely to remain under pressure and VAT of 15% will exacerbate the situation.

Northam’s loss widens as it commissions new smelter

The platinum producer has reported lower volumes and sales revenue for the six months to end December.

Distell toasts giddy gin sales

Wine sales are also up and its invested R22 million in water initiatives to mitigate against further supply risk.

Budget 2018: Ratings agency still gloomy amid talk of renewal

If you ever need somebody to ruin a party, consider inviting a dude from a ratings agency. At a Daily Maverick post-Budget event in Cape Town...

Op-Ed: Promise of a new dawn, lost in the 2018 Budget speech

In the coming days, SECTION27 will be engaging with civil society organisations on how best to challenge the regressive proposals in the Budget. By DANIEL MCLAREN.

Marelise van der Merwe: The Other News Round-Up: In Fraud We Trust

Each week, Daily Maverick brings you some of the world's more peculiar news. This week: when both Grace Mugabe and your cat can get a PhD.




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