NEWS ARCHIVES


19 January 2018

Steinhoff says it can service its debt - for now

The group has moved to reassure lenders that it’s cleaning up its business but may need limited waivers on its debt covenants.

Mixed bag for Massmart in 2017

A second-half improvement at its Massbuild and Masswarehouse division left full-year sales marginally higher.

DealMaker of the Year sponsored by INCE

This is the 10th year in which such an award is to be made. Candidates are nominated by their peers in the M&A industry. From these...

Banks waive Lonmin’s covenants pending takeover

The platinum miner’s tangible net worth value is expected to have fallen below $1.1 billion, which would have triggered a default.

Netcare’s UK subsidiary stable without its support

BMI Healthcare is busy negotiating a long-term financing agreement with its lenders and rent reduction deal with its landlord.

Movers & Shakers - Mamongae Mahlare

Mahlare is well equipped bringing with her a wealth of skills in general management, commercial, operational and engineering experience. She has worked at SABMiller, Tanzania Breweries,...

Thorts - What the SPAC?

In early 2013, the JSE Limited Listings Requirements were amended to provide for the listing of a special purpose acquisition vehicle (SPAC) on either the Main...

Corporate finance activity of the week

Welcome to the first corporate finance activity of the week for 2018 by DealMakers SA

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

Wondering whats happening in the M&A space for 2018? From JSE-listed, unlisted and companies in Africa brought to you by DealMakers

#CapeWaterGate: As fake news flows, real photos show drought’s effect on dams

Lies, misinformation, genuine errors and conspiracy theories about the Cape water crisis are all circulating busily on social media. The reality is scary enough without the...

GroundUp: Drought – Has Cape Town planned well for Day Zero?

There are several unanswered questions. By Aidan Jones and Nathan Geffen for GROUNDUP.

GroundUp: Sassa to start paying grants through Postbank in February

Cash payments of social grants are still to be done by Cash Paymaster Services -- for now. By Barbara Maregele for GROUNDUP.

Social Development has allegedly paid SABC R500,000 to interview Bathabile Dlamini – but no one's talking

On 18 December, slap bang in the middle of the ANC's bruising elective conference at Nasrec, Anele Mdoda, host of the SABC 3 Real Talk with...




18 January 2018

Mr Price has a cracker of a Christmas

While clothing sales have been strong, consumers are spending less on sportswear and items for their homes.

Adapt IT unveils earnings surprise

Shares in the ICT group jumped as much as 4.9% after it said interim earnings would rise by as much as 25%.

Scorpio: Hogan Lovells declares 'disappointment' at Lord Hain accusations

International law firm Hogan Lovells is "disappointed" by Lord Peter Hain's "unfounded accusations" over the firm's handling of the Jonas Makwakwa debacle, the firm's Regional Managing...

RBPlat gets go-ahead to buy Maseve

The Competition Tribunal wants the platinum miner to employ retrenched workers from the Rustenburg area.

Lewis’s UFO deal takes off

The Competition Tribunal has given the go-ahead as long as it doesn’t result in job losses in the first two years.

South32 on track to spin of SA coal business

The metals and mining group says making SA Energy Coal a stand-alone business will simplify its structure and unlock value for shareholders.

Ian von Memerty: Why the ANC cannot return to its Glory Days – despite Ramaphosa’s claims

Six reasons why the Top Six in the ANC are fighting a Sisyphean battle.




17 January 2018

Lower prices hold back Shoprite’s sales growth

The supermarket chain says slower first-half growth should be seen in the context of internal price deflation.

Black Friday sales buoy The Foschini Group

Acquisitions and a strong holiday shopping season have helped lift sales for the nine months to end December.

Adcock in full recovery mode

Remedial action implemented by shareholder Bidvest has resulted in a continued turnaround at the pharmaceuticals group

The week ahead

From a global economic perspective, both developed markets (DM) and emerging markets (EM) are moving nicely into 2018...

MMI in management shake-up as it addresses performance

The insurance group has appointed a new CEO, deputy CEO and financial director to strengthen its management team.

Grindrod shipping IPO still in berth

The ports, logistics and shipping group hopes for an international listing by mid year.




16 January 2018

Little Christmas cheer for Woolworths

The group is re-assessing the carrying value of David Jones, which could affect earnings.

China says yes to Aspen's baby formula

The pharma group says it’s an important milestone for the group as it seeks to grow its brand presence in China.

RDI targets flexible office market

The real estate investment trust is redeploying the proceeds from the recent disposal of its Germany supermarket portfolio.

4Sight buys up SA company

The recently-listed ‘Internet of Things’ group is acquiring its South African counterpart following its listing late last year.

Stay of execution as De Lille faces 60 days of scrutiny

Beleaguered Executive Mayor of Cape Town Patricia de Lille received a heavy smackdown at a press conference held in Cape Town following a meeting by the...




15 January 2018

Viceroy signals interest of activist short sellers in SA stocks

Aspen and property companies in the Resilient group have been rumoured to be possible targets of Viceroy.

Regulator makes headway in KPMG probe

Coca-Cola South Africa has joined the list of companies distancing themselves from the auditing firm.

SARS Wars: KPMG ‘rogue unit’ independent inquiry grinds to a halt

Two months after the South African Institute of Chartered Accountants and the Independent Regulatory Board for Auditors announced the establishment of an independent commission of inquiry,...

Finger lickin’ Bitcoin

Investors are still divided over what lies ahead for cryptocurrencies but they are increasingly being accepted as a payment mechanism.

Andrew Ihsaan Gasnolar: ‘Day Zero’ catastrophe creeps ever closer in Cape Town as DA’s internal dysfunction deepens

Factionalism is embedded in the DA as it is embedded in South Africa's politics. However, the trouble with the current internal political squabble around mayor Patricia...

Pierre de Vos: A few tips for parliamentarians on developing rules for impeachment of a sitting president

The rules committee of the NA faces an extremely difficult task to determine exactly what types of conduct by the President would warrant impeachment. A related...




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