Sun asks shareholders for head room

The hotel and gaming group is launching a rights offer partially underwritten by activist shareholder Value Capital Partners.

Leaner AngloGold does well down under

The gold producer has sold off most of its South African operations, helping to reduce by 14%.

Recovery in commodities lifts Barloworld

The Caterpillar dealer says more favourable commodity prices and increased mining activity are boosting demand for its equipment.

Rebosis to cut debt as it focuses on retail

The property fund has declared a first-half distribution of 4%-5% in line with market guidance.

Iran warns US it would regret quitting nuclear deal

Iranian President Hassan Rouhani warned that if the United States quits the nuclear deal then Washington will regret it "like never before", as British Foreign Secretary...

Rugby-S.Africa exit, Super Rugby expansion reports ‘wrong’ – SANZAAR

Southern hemisphere rugby's governing body on Monday dismissed as "simply wrong" media speculation that South Africa's Super Rugby teams were set to defect to Europe and...

Anchors aweigh for Grindrod listing

Grindrod Shipping will leave berth in a month’s time, with current Grindrod shareholders receiving one GSH share for every 40 Grindrod shares.

Redefine says stronger growth is needed to lift property market

The real estate investment trust has lifted its interim distribution by 5.5% but says growth rates need to double for the market to flourish.

Astoria cautions against RAC offer

It says the offer requires shareholders to respond without knowing the ratio of cash to RAC preference shares they might get.

Kaap Agri expects better second half

The group says improved consumer confidence, a better harvest and an expanded store network should result in stronger revenue growth.

Raubex calls for more infrastructure spend

The roads and construction group says its order book from SANRAL and local government has shrunk as spending dries up.

The Week Ahead of 8 May 2018

#ChrisGilmour - Britain’s Conservative Party fared far less badly in the English council elections than most had predicted, with the Labour Party failing to capitalize on...

ANALYSIS: Miner safety - where to from here?

Zero harm was widely welcomed as a target by the mining industry. But despite considerable improvements, mining fatalities remain unacceptably high. Why?

Dis-Chem results no tonic for investors

Analysts say the discount pharmacy chain’s full-year earnings don’t justify its lofty market valuation.

Limited appetite for Libstar

The food producer just met its IPO goal while Consol held back when it couldn’t raise the targeted R3-R3.5 billion.

Astoria rallies on RAC offer

RECM & Calibre plans to take advantage of Astoria’s NAV discount and will implement its own capital allocation framework at the group.

Hulamin says no immediate impact from US tariffs

In the short to medium term, the direct impact of higher import tariffs is likely to be neutral as there is little available capacity.

OP-ED: Trump's threat to cut US aid to South Africa - the real issues

Unlike the other top 10 nations most frequently voting against the US in the UN, South Africa, in security terms, is viewed as a vital strategic...

ANALYSIS: Does the class action silicosis settlement go far enough?

Phthisis, silicosis, or simply "underground disease": it's a condition which has robbed South African gold miners of their health and livelihood for over a century. Now,...

Zapiro: Holding On

Light at the end of the tunnel for silicosis victims

Mining companies have agreed on compensation for workers who contracted lung diseases on their mines.

MTN weighs up exposure to China’s ZTE

The mobile operator says it’s assessing both the impact and contingent planning given its exposure to ZTE in its networks.

Sibanye holds back on capex as rand gold price weakens

The gold and platinum miner is cutting back R550 million in capex this year as it defers non-essential spending.

Quantum increases profit estimates

The poultry producer has forecast a massive rise in first-half earnings as the winds turn for the industry.

Sport in an INCEtant! 4 May 2018

The sporting World was set alight last week with many moments of sheer brilliance. Here is my recap of some of the highlights of the last...

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

Go Life International (GLI) has announced a new BEE partner with the sale of a 26% stake in the company to Caligraph for an undisclosed sum.

Corporate finance activity of the week

The company plans to undertake an early redemption of its existing convertible bonds and proposes a R1,8 billion rights issue. The early bond redemption will be...

Act of Retaliation: Trump rejects SA's appeal for exemptions to high steel and aluminium import tariffs

Was this retaliation for South Africa repeatedly voting against the United States in the United Nations General Assembly?

Thorts - Kenya to introduce financial thresholds

Merger notification is not required where the parties to the merger have a combined annual turnover and/or gross asset value in Kenya, whichever is the higher,...

Mouton opens up about dementia

Jannie Mouton, founder and former CEO of PSG Group, says he’ll stay on as non-executive chairman despite being diagnosed with an early form of dementia.

Harmony gets a lift from Moab Khotsong

The gold miner has raised its production guidance for the year to 1.18 million ounces from 1.1 million due to the inclusion of Moab

Astral to hatch record earnings growth

Results from the poultry producer will be even better than previously anticipated due to a strong couple of months in February and March.

Trencor avoids JSE suspension, for now

The JSE has given Trencor more time to produce its 2017 financial results, which have been delayed due to onerous reporting requirements.

Orion Minerals offloads Connors Arc Project

The proceeds from the sale will enable Orion to progress bankable feasibility study work on the Prieska Zinc-Copper Project in South Africa.

3M (MMM) a solid company to invest in, for both the income and growth portfolio

3M one of the longest dividend paying companies in the US. Take advantage of the recent price drop...

Scorpio: Analysis: The case against Tom Moyane

The list of Tom Moyane's sins is long, most of it grounds for dismissal. Yet the suspended tax boss is still clinging to his job while...

Zapiro: What Witch Hunt?