NEWS ARCHIVES


04 January 2018

EOH deal unwind to hit earnings

The group will take a non-cash reduction as it sells back the GCT Group but headline earnings won't be affected.

Steinhoff rises on hope of damage limitation

There is hope that accounting irregularities at the group are confined to its European businesses.

The Big Green gets conditional go signal from CompCom

Old Mutual will have to satisfy some empowerment and enterprise development criteria before it can complete its restructuring.




03 January 2018

Steinhoff winds back the clock in its accounting scandal

The furniture group says its 2015 account can now no longer be relied upon and will have to be restated.

Trencor wangles its way around reporting dilemma

The container group aims to get around the different accounting standards in the US and SA that have created a costly headache.

Sabvest stitches up new label deal

The investment group plans to invest directly in label designer and manufacturer ITL in a deal that will boost its `NAV.




02 January 2018

Markets end 2017 on the front foot

A 72% rise in the value of Naspers helped lift the JSE 17% last year.

Glencore’s new JV with China’s HNA takes off

The commodities trader says the combined strengths of the two groups will help drive HGSI’s growth globally.




29 December 2017

Ramaphosa hopes put rand on top

The local currency is trading at its strongest against the dollar since June 2015, while bonds have also strengthened.

Steinhoff downgraded to “very high credit risk”

Moody’s says the risks of a default have risen, while Steinhoff says it’s still in discussions with its lenders.

MTN to take earnings hit as it assigns shareholder loan

The cell phone operator says the transaction will help it roll out its Nigerian infrastructure more efficiently.




28 December 2017

ETF investors not big on Japan

Local ETF investors are ditching Japan in favour of US and Europe ETFs.

Ruperts juggle Reinet interests

A close to 10% stake in the investment vehicle has been shifted to Jersey-registered Twickenham Holdings.




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