NEWS ARCHIVES


08 August 2017

Game changer for Blue Label as it completes Cell C acquisition

Blue Label Telecoms has finally tied up its 45% stake in Cell C, following an arduous journey after Net1 ended a plan to buy a R2...

Anchor Group trading update

Anchor Group has been hobbled by the rand’s relative strength at the beginning of the year, as well as lower earnings from hedge-fund associate Capricorn. Combined...

Named and shamed: MPs who backed Zuma in previous no-confidence vote

History tells us that all seven previous motions of no-confidence in President Jacob Zuma were heavily rejected by the majority of ANC MPs.

Merafe Resources interim results

Merafe Resources has had a strong first half, helped by improved production and ferrochrome prices. The company has also made a big dent in its debt...

Want to be wealthy? Try this Banting-style guide to boosting your riches

Get your head in the right money-making space with a Banting-style clean-out of bad habits and then introduce a new way of managing your money.

The SADC Wrap: Juju gets Zambia all hot and bothered, while Malawi wants ex-president behind bars

From across southern Africa, KRISTEN VAN SCHIE brings you a weekly round-up of news making regional waves.




07 August 2017

Liberty Group first-half results

The weak economy is hindering plans to return Liberty Group to more profitable growth. While a number of missteps have weighed on its recent performance, newly-installed...

Steinhoff to include Shoprite stake in Africa listing

Steinhoff hasn’t been put off by the collapse of a merger with Shoprite back in February. In a twist, the global retail giant has entered into...

S. Africa Communist Party to Back Zuma in Lawmaker Vote, HP Says

The South African Communist Party's lawmakers will support President Jacob Zuma in an Aug. 8 vote of confidence, Huffington Post South Africa reported.

Pallinghurst takes charge at Gemfields

Following Pallinghurst’s successful takeover of Gemfields, it plans to turn the company into the “De Beers of coloured gemstones”...

The art of UCT’s Max Price: Siding with ignorance and misperception

Two years ago, 74 artworks on public display at the University of Cape Town were removed to protect them from protesting students. At the time, UCT...




04 August 2017

Standard Bank Starts Prime Broker to Gain From Hedge Fund Growth

Standard Bank Group Ltd., Africa's largest lender by assets, plans to start a prime brokerage next month to benefit from regulatory changes in South Africa it...

Mining sector bloodbath: Sibanye Gold now considers cutting over 7000 jobs

Sibanye may cut 7,400 jobs as it prepares to close its Cooke and Beatrix West operations, which account for about 16 percent of its planned gold...

Tackling corruption: 'Be prepared to lose something' - Madonsela

South Africans can still save democracy if they hold those mentioned in the Gupta leaks to account for their role in state capture, says former Public...

South Africa Appoints Jarana to Turn Around Unprofitable SAA

South Africa's National Treasury confirmed the appointment of Vodacom Group Ltd. executive Vuyani Jarana as the first permanent chief executive officer of the state-owned carrier since November...

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

African Rainbow Capital has acquired a 20% stake in Rain, a fixed and mobile data network operator...

Corporate finance activity of the week

The Foschini Group raised R2,5 billion...

Movers & Shakers - Michael Denenga

He will lead the Banking and Finance practice in South Africa and brings with him a team of three associates from law firm Thipa Denenga...

Thorts - Rescuing dead horses

What can the UK and South Africa learn from each other by comparing the Business Rescue regime with Administration?

M&A activity results for H1 2017

The value of merger and acquisition activity by JSE-listed companies for H1 2017 was R185,5 billion off 220 deals...




03 August 2017

Nedbank CEO Sees State-Owned Firms as Biggest South African Risk

South Africa's debt-laden state-owned companies may represent the single biggest risk to the country's economy, according to Nedbank Group Ltd. Chief Executive Officer Mike Brown.

Glencore Asks Australia to Focus on Economy Before Climate Deal

Australia may need to consider delaying its goals to combat global climate change in order to prioritize energy security and economic prosperity, according to a senior executive...

No Confidence debate; politics and integrity collide in 6 days' time

Opposition parties are united in wanting Zuma to be removed, but appear divided on what should happen if the motion of no confidence against him succeeds.

Gupta Family Deny South African Emails are Real in BBC Interview

A raft of emails leaked to South African media about how the Gupta family have won billions of rands of contracts from state-owned companies and influenced...

End is nigh for Eskom's old-world coal, nuclear 'baseloadism' - Yelland

The dramatic fall in pricing for solar and wind energy is making it a seriously competitive (and in fact cheap) alternative to tapping coal and nuclear.

Bringing our copyright laws into the digital era

There are a great deal of positives to the draft Copyright Act Amendment Bill, which is before parliament in public hearings this week. But some tweaks...




02 August 2017

Pravin #JoiningTheDots - SARS captured as 'whistleblowers' shown the door

Former finance minister Pravin Gordhan has confirmed what has been suspected for ever so long: SARS is captured as the good people are shown the door.

S. Africa Central Bank Warns Policy Uncertainty May Deepen Slump

South Africa's central bank warned that an economic slump may deepen if the government doesn't address political turbulence and a policy vacuum in mining and agriculture...

US: Marine General to the rescue of a floundering, foundering, faltering White House

In spite of his increasingly desperate desires to write about early hominins, art, theatre and the Chinese challenge in the South China Sea and elsewhere...

Pro-Zupta propaganda war: How Bell Pottinger roped in Israeli tech firm

Israeli-based, online reputation management company Veribo had been hired by UK PR firm Bell Pottinger to assist with their (now former) Gupta clients.

Iron Ore Soars as Bull Case Gets Big Lift From Industry PMI

Iron ore rallied after manufacturing data from China showed another expansion in the world's largest steel industry as mills churn out record volumes, helping the raw...

Dear Shaun Abrahams, put up or ship out and let others do your job

The current reopening of the inquest into the death of activist Ahmed Timol in 1971 while in police custody is a reminder not only of how...

GroundUp: Digital TV for poor households – understanding the Concourt’s judgments

Set top boxes case split the highest court three ways. By Safura Abdool Karim for GROUNDUP...




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