NEWS ARCHIVES


21 August 2017

Gordhan vindicated: Court affirms FinMin can't aid Gupta-bank matter

A court has confirmed what was probably already obvious: that a FinMin can't interfere or step in with the relationship between a bank and its client.

Aveng punished as it pushes out the release of its 2017 results

Aveng has again incurred the wrath of investors, who pushed the construction group’s shares more than 7% lower at their worst on Friday after it postponed...

Afrox shares rally on profit forecast

African Oxygen has had a pretty good 2017 financial year as it increased volumes, benefited from operational efficiencies and earned more interest on money in the...

Khoza's firing as accountability committee boss exposes ANC underbelly

The Zuma-supporting ANC's torching of democracy was never more blindingly obvious than in its firing of outspoken party rebel Makhosi Khoza.

Pan African buffeted by currency headwinds

Pan African Resources has felt the full effect of the rand’s relative strength over the past year as the currency gained ground against the dollar and...

Cash-flush ARB ups dividend despite revenue pressure

RB Holdings is feeling pressure from all sides: limited spending on infrastructure has constrained growth at its Electrical Division, while weak consumer confidence...




18 August 2017

Standard Bank boosts earnings as it keeps a check on costs and bad debts

Standard Bank’s had a pretty good first half, growing headline earnings 12% despite currency headwinds from its operations outside of SA. Strip those out, and profit...

Truworths battens down the hatches as consumers struggle

After a tough 2017 financial year, Truworths says sales have continued to come under pressure over July and into August. And it doesn’t expect a let-up...

Crunch time for ANC as KwaZulu-Natal court battle gets under way

The ANC in KwaZulu-Natal is the boss, but of late it's had the need to feel out some possible allies very publicly. Its message has been...

Youth unemployment crisis - Jonas begs government and private sector to reconcile

Mcebisi Jonas says South Africa's 70% youth joblessness is begging the government and the private sector to get over their mistrust.

Exxaro triples its dividend as coal markets improve

Higher prices and strong demand for coal from Eskom’s Medupi Power Station have boosted Exxaro’s first-half earnings as its Grootgeluk mine met the increased requirement.

Harmony benefits from higher production, fewer fatalities

Harmony Gold says it has delivered on its strategy to produce safe profitable ounces and increase margins. And it met the safety target in the last...

#WengerOut - Dangote's first order of business to fire Arsenal boss if he buys club

Nigerian billionaire Aliko Dangote's first order of business if he succeeds in buying English Premier League football club Arsenal will be to fire the manager, Arsene...




17 August 2017

Indigestion over Famous Brands update

The market pushed shares in Famous Brands almost 8% lower yesterday after the group reported flat sales from its restaurant chains in Africa and the Middle...

Op-Ed: Marikana – Five Years of Injustice

On the fifth anniversary of the Marikana Massacre on 16 August, it is timely to recall the actions and inactivity of our President and Deputy Present...

Zama zamas demand mining permits from Minerals Minister Mosebenzi Zwane

Illegal miners, organised under the banner of Mining Affected Communities United in Action (MACUA), took to the streets of Pretoria on Tuesday and marched on the...

City Lodge hopes for economic recovery to boost rooms

City Lodge is hoping for a catalyst that will improve consumer and business sentiment and kick-start the economy after it reported a fall in room occupancies...

Naspers shares soar as Tencent results smash analysts' expectations

Tencent Holdings posted a quarterly profit that surpassed all estimates as its marquee title Honour of Kings drove a 54 percent surge in gaming revenue.

Italtile predictions of a tough 2017 ring true

South Africans are holding back on home renovations due to the tough economic climate, putting pressure on Italtile’s bottom line.

Emira continues to reduce office exposure

Emira Property Fund says solid performances from its portfolio of industrial and retail properties have helped cushion weaker conditions in the office sector.




16 August 2017

Curro’s earnings growth slows as it prepares for Stadio listing

Shares in Curro sank yesterday as growth for the six months to September fell short of investors’ lofty expectations.

Grindrod’s losses narrow as commodity prices improve

Long-suffering investors in Grindrod were rewarded yesterday after the shipping and ports infrastructure group said conditions in its key markets were improving – resulting in smaller...

Sponsored - How much is enough?

What is more than enough for one person may be completely insufficient for another. We all have different aspirations, so let’s focus on what’s reasonable...

Imperial continues offshore diversification strategy

Imperial Holdings continues to beef up its offshore operations, buying UK car dealership chain Pentagon Motors...

#GuptaLeaks: Guptas’ blue lights mystery solved

The #GuptaLeaks have finally solved the mystery of the blue light vehicles that illegally ferried hundreds of guests to the infamous Sun City wedding extravaganza in...

Accountant turned Braai Day master: Jan Scannell on how fires unite SA

Jan Scannell, aka 'Jan Braai', is a chartered accountant turned braai master who has reignited Heritage Day in South Africa.




15 August 2017

Advtech benefits from push for private education

The move to private education continues to drive profit growth at ADvTECH. The education and staffing group expects normalised earnings per share for the six months...

Bell Equipment shares surge as its fortunes improve

Bell Equipment says first-half earnings rose at least 70% as demand for its trucks and earth-moving equipment improved in South Africa and it installed a new...

Stellar Capital revises down its SOTP valuation as Torre’s shares fall

Shares in Stellar Capital continued their descent yesterday after the investment holding company warned of a steep drop in the its bet asset value per share.

Kap Industrial weather the weak economy due to its diverse business mix

Kap Industrial’s policy of investment in businesses with high barriers to entry has paid off, with a strong rise in full-year profit.

Bitcoin price surges past $4,000 after key transaction speed breakthrough

Cryptocurrency Bitcoin topped record levels on the weekend, surpassing the $4000 mark for the first time. This comes after an agreement was reached in the Bitcoin...

Paul Whelan: Dissecting Zuma's survival in Parliament's no-confidence motion

It may be confusing to determine whether last week’s motion of no-confidence result was a positive or negative result. Depending on what you read, you may...

Imperial is said to shelve sale of $151 million chemicals unit

Imperial Holdings Ltd. has shelved the sale of a German agrochemical-ingredient business after potential buyers didn't meet the South African company's 2 billion rand ($151 million) valuation...




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