NEWS ARCHIVES


14 June 2017

African Safari on the cards for M-Pesa after Vodacom inks Kenya mobile deal

A deal by South Africa’s biggest mobile network Vodacom to snap up 35% of Kenya’s Safaricom is set to unlock the latter’s mobile money service M-Pesa...

The days of tension and confusion within the ANC

The events of the next six months and six days (or so) will almost surely determine the next decade of our politics...

MMI, African Bank partner to expand fin services

According to an investment note the financial services group explained that the agreement, which is yet to be approved, will see both entities expand their financial...

International Tech stock rout sees Naspers drag down JSE

Naspers collapsed R158.03 to R2.525 per share – slipping 5.89% following a sharp drop in Hong-Kong listed Tencent, in which Naspers has a large investment interest...

How the world's first accountants counted on cuneiform

The Egyptians used to believe that literacy was divine, a gift from baboon-faced Thoth, the god of knowledge...

Zim reserve bank will not reverse Barclays Zim sale

Reserve Bank of Zimbabwe governor John Mangudya said on Monday that the central bank will not interfere with how Barclays plc will dispose of its stake...

Out-batted, out-bowled and out of another ICC event

Death. Taxes. South Africa imploding in an International Cricket Council sanctioned event. These are a few of life’s certainties...

WATCH: Drone footage captures aftermath of deadly #KnysnaFires

It’s only now that people in the area are starting to assess the damage and drone footage has highlighted just how much destruction has taken place...




13 June 2017

How SA can get back to investment grade

On Friday ratings agency Moody’s downgraded both the local and foreign currency rating to Baa3 and maintained a negative outlook...

Banks, big business give millions for Knysna fire victims

Two of South Africa's big four banks contributed a total R20m towards relief efforts for victims of the devastating fires in the Southern Cape...

What LinkedIn's Co-Founder Thinks About Workplace Automation

"You need to make sure they have safety nets, they have the best possible paths to other kinds of jobs," Hoffman said...

This year's best commodity is one of the smallest metals markets

The metal is up 30 percent, beating 33 other raw materials, including lean hogs and aluminum, tracked by Bloomberg.,,

UK election 2017: The impact on Asian business

Uncertainty hangs over the UK after Prime Minister Theresa May's decision to call a snap general election backfired, resulting in a hung parliament...

Hare-brained run-outs scupper SA

The Proteas ended up being bundled out for 191, with a criminal five and a half overs to spare...

Fritelli finishes first in Austria

Dylan Frittelli won the Lyoness Open by one stroke after shooting an ice-cool 67 to get to 12-under-par for the week...




11 June 2017

Broken SA education system 'pouring out' unemployable young people - FMF

As part of its series looking at how to ensure ‘true’ radical economic transformation in South Africa, the Free Market Foundation (FMF) in this piece turns...

Recession won't dampen Sasol's mining plans

Sasol will not be deterred by the low growth environment and remains heavily invested in Southern Africa for the long term...

DA lays charges against deputy finance minister

Meanwhile, the EFF was on Friday laying charges of corruption against Finance Minister Malusi Gigaba...

CoAL gets go-ahead to buy Pan African Coal

The lifting of the suspended water licence for the Makhado Project will enable CoAL to start producing hard coking and thermal coal for the domestic and/or...

Election catches investors off guard

Uncertainty over the Brexit process and the country's approach to it, and our largest trading partner, the European Union...

Hype Over a New Cancer Drug Has Its Company's Stock Spiking

Seventy-six percent of patients with 17 different types of cancer had tumor shrinkage, and after 12 months...

Softbank buys robot-maker Boston Dynamics from Alphabet

Shares of Japan's Softbank have surged to their highest in nearly two decades after the firm bought robot-maker Boston Dynamics from Google's Alphabet...

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

Investec Property Fund has, together with the Entrepreneurship Development Trust, formed Izandla Property Fund.

Corporate Finance activity of the week

Spear has raised R280 million through the placing of 29,300,000 shares at a price of R9.50 per share...

Thorts - Africa's Alternative Finance Sector

Headlines in the M&A market in Africa in recent years seem to have been dominated by the to-ing and fro-ing of Anglo-South African giants such as...

Movers & Shakers - Ndumiso Dyantyi

He specialises in corporate finance, leverage finance, asset-based finance, acquisition finance, debt restructurings and general banking in the sectors of renewable energy, mining and transportation.




10 June 2017

Bidvest sees challenging trading environment for SA

Bidvest Group, the South African holding company with interests spanning catering to office supplies...

#KnysnaFire and storm threaten outlook for insurers

Property and casualty insurers face an even tougher year than expected after Cape Town experienced its worst storm in 30 years...

Hollywood dreams: Curro snaps up AFDA, Africa’s number one film school

Curro subsidiary Stadio has bought AFDA, the leading film school in Africa with four campuses across South Africa.

Tongaat Hulett's Zim unit returns to profitability

Tongaat Hulett‘s [JSE:TON] Zimbabwe based sugar producer Hippo Valley has shown growth in both revenue and profits for the year...

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

Investec Property Fund has, together with the Entrepreneurship Development Trust, formed Izandla Property Fund.

Life Healthcare gets nod for merger

The Competition Commission has approved, without conditions, the proposed intermediate merger whereby Life Healthcare Group intends to acquire Erf 140294 Cape Town, known as the Park.

Corporate Finance activity of the week

Spear has raised R280 million through the placing of 29,300,000 shares at a price of R9.50 per share...

My son wants to start investing

A Fin24 user's son has received his first pay cheque and he would rather invest it than merely put it in a savings account.

Thorts - Africa's Alternative Finance Sector

Headlines in the M&A market in Africa in recent years seem to have been dominated by the to-ing and fro-ing of Anglo-South African giants such as...

New black empowerment fund open for business

New black empowerment property fund, Izandla Property, will turn its attention to various transformation objectives in the South African economy.

Movers & Shakers - Ndumiso Dyantyi

He specialises in corporate finance, leverage finance, asset-based finance, acquisition finance, debt restructurings and general banking in the sectors of renewable energy, mining and transportation.




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