NEWS ARCHIVES


20 March 2018

Listeriosis outbreak could cost Tiger Brands R800 million

In addition to the cost of closing factories and recalling products, the food producer also faces class-action lawsuits.

Hammerson soars on French interest

The shopping centre owner has urged shareholders to disregard a takeover approach by French shopping mall operator Klépierre.

Sun International gambles on a rights issue

The group hasn’t declared a dividend as it pays down debt and is also planning a rights issue to clean up its balance sheet.

Schools marked down at ADvTECH

Results from the private education group’s Schools division were held back by poor enrolments and R48.1 million in fraud uncovered in December.

EPE Capital Partners positioned for upturn

Ethos says private equity is a long game and it’s making sure its portfolio is well-positioned for any economic recovery.

Interwaste gets more cash from trash

The waste management company has declared an interim dividend due to strong cash generation last year.

The Week Ahead

Global equity markets appear to have largely shrugged off the possibility of large-scale trade wars breaking out, though nervousness and caution still prevail.

Health-e News: Imminent tax on sugary drinks is just the start – Motsoaledi

South Africa is less than two weeks away from implementing the hard-won tax on sugary drinks. Now that "we've got a foot in the door", says...




19 March 2018

ARM pays its first half-year dividend after strong first half

It says its dividend is consistent with its commitment to pay dividends while retaining the ability to fund efficiency improvements and sustain production.

Bell back in the pound seats

The heavy equipment manufacturer has benefited from rising demand for its articulated trucks as global growth improves.

Investec feels the Brexit pressure

While Asset Management and Wealth & Investment will report a better performance than last year, Specialist Banking in the UK will be well behind.

M&R rallies on underground mining contracts

The group says the improvement in the commodity cycle and increased investment by mining companies should present long-term growth potential for its mining business

Grand Parade places its chips on value unlock

While its food businesses have yet to break even, GPI says it’s confident that a repositioning of the group will unlock value.

Avoid the receiver with tax-free account

Don’t leave it until the last minute to take advantage of your tax-free savings limit.

Scorpio: The Moyane Dossier, Part 1 – How SARS boss disregarded the law to pay Guptas’ VAT refund

Tax boss Tom Moyane aided possible acts of money laundering and fraud while contravening the VAT and Tax Acts when he allegedly pressured SARS officials to...




16 March 2018

Separation on track as Old Mutual lifts earnings

The group says it is delivering on the commitments it made two years ago when it announced the managed separation of its businesses.

Metair powers up as its automotive unit recovers

The group says its energy sales are now on a par with Tesla’s and it now plans help develop electric vehicles.

Astoria rides on rising equities

The investment group bought back just under 3.9 million of its shares last year as it tried to address its discount to net asset value.

PPC tops up black ownership

The cement producer has thrown down the gauntlet to employees to help it grow profit so they can reap dividends.

US: Absolute chaos corrupts absolutely – Trumpty Dumpty style

J. BROOKS SPECTOR keeps shaking his head in astonishment at the goings-on in Washington, as Donald Trump continues to see chaos as his modus operandi as...

WIN 2 tickets to see The Sound of Music

We have TWO tickets for one lucky reader and their guest to see the acclaimed musical, The Sound of Music, at Montecasino (31 March - 29...

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

PPC has announced details of its top-up BEE transaction. Referred to as PPC Phakama, the transaction will result in a 25.4% stake in PPC SA catering...

Corporate finance activity of the week

The company launched an accelerated bookbuild placing 450 million KAP International shares at R8.15 raising R3,67 billion in a move to refinance or redeem debt within...

Workforce looks to Court for clarity

The recruitment and outsourcing group has reported a 7% rise in profit despite a weak growth environment and delayed infrastructure development.

Thorts - Black Industrialist Programme - Rhetoric and Reality

The number of Broad-Based Black Economic Empowerment (“B-BBEE”) transactions has increased significantly since the promulgation of the B-BBEE Act in 2003 and its corresponding charters.




15 March 2018

EOH slumps as public-sector earnings fall

The business outsourcing group has missed the mark with its first-half earnings forecast, sending its shares as much as 17% lower yesterday.

Quantum cracks it with soaring earnings

Barring any new outbreak of Avian Influenza, the poultry group expects a six-fold rise in first-half profit.

ELB eyes disruptive technologies

The engineering solutions and capital equipment provider is now targeting new technologies to keep customers up to date.

4Sight adds healthcare to portfolio

The technology group plans to use the acquisition of Curo Health to form a health division.

Scorpio: NICS paid R600,000 into Makwakwa’s account. Today they are SARS debt collectors

On Friday, SARS appointed a debt collector fingered in an alleged money laundering ring linked to Chief Officer Jonas Makwakwa. New Integrated Credit Solutions is now...

GroundUp: How Cape Town more than halved its water usage

Water consumption has dropped dramatically, but there is still more to be done. By Aidan Jones for GROUNDUP.

Dividend Growth Share Valuation cont. - Selling Stanley Black and Decker

I am fast approaching the point where I will begin to live off my dividend income. For this reason, I am selling off low dividend paying...




14 March 2018

Steinhoff selling down the family silver

The retailer has reduced its stake in KAP to help settle debt, despite the compelling investment case for the industrial group.

ARC grows NAV in sluggish economic

The group’s maiden interim results show a 3.9% rise in intrinsic net asset value and it expects a second-half improvement.

FirstRand gets court approval for Aldermore deal

FirstRand plans to integrate its existing UK business into Aldermore, which will boost its contribution to group earnings to about 10%.

Metrofile on the lookout for offshore deals

The document storage business says it’s seeing growth opportunities in markets outside of South Africa as weak local conditions weigh on business growth.

Gupta-linked companies fail to force Bank of Baroda to stay in SA

The North Gauteng High Court threw out an application on Monday by companies linked to the Gupta family to force the Bank of Baroda to continue...

Siya Khumalo: Listeria Monocytogenes: South African business’s dirty little secret

People's feelings about a company govern the extent to which they'll "forgive" its transgressions.

Analysis: Hypocrisy’s many shades

It is known the world over that politicians, in democracies and other forms of government, are going to be hypocritical from time to time. Expediency, putting...




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