NEWS ARCHIVES


31 August 2017

Sibanye rebrands as it integrates new platinum assets

Sibanye Gold has rebranded itself as Sibanye-Stillwater as it moves ahead with the integration of the recently acquired US platinum group metals producers. It's reported a...

Growthpoint looks abroad to move the needle

Growthpoint plans to double its offshore earnings over the next three to five years. Already, a quarter of group revenue comes from Australia...

Exposed! Jilted partner lifts lid on McKinsey R4bn BEE deal 'sweeteners'

A South African businessman has laid criminal charges against global consulting firm McKinsey after losing out on lucrative work as its empowerment supplier.

Assore doubles its dividend as higher metals prices boost earnings

Assore has reported record sales volumes of iron ore and chrome ore for the year to June thanks to growth in production of crude steel in...

Advanced Health's losses widens as it rolls out more hospitals

Advanced Health has widened its first-half losses as the day hospital group expands its operations. It has opened eight new facilities over the past two years...

Pembury reduces its losses as learner numbers grow

Pembury Lifestyle Group has reported strong growth in revenue in its maiden results since listing on the JSE at the end of March. The private education...

WEBINAR: Investing in US stocks: The why and how

EasyEquities is launching a cost effective platform to invest in US stocks. Purple Group CEO Charles Savage and Alec Hogg discuss why this should form a...




30 August 2017

Cashbuild reports slowing growth as weak economy deters builders

The economic malaise in the country has finally hit the DIY sector, with Cashbuild following Massmart in reporting slowing sales growth from its building materials outlets.

Mondi delays investment due to paper market imbalance

Mondi is postponing its €135 million investment in a new 90 000 tonne per annum machine glazed speciality kraft paper machine at its Steti mill in...

Money lies revealed! Pressure grows on McKinsey over SA graft scandal

McKinsey has passed the buck for financial irregularities involving Gupta family entities to its employee Vikas Sagar, effectively suggesting he was a maverick who acted alone...

SA Corporate held back by rising residential vacancies

SA Corporate Real Estate says client retentions of 92% in its retail portfolio has been strong, boosting net property income by 19.7% in the six months...

Balwin expects to benefit from falling interest rates

Balwin Properties says demand for its apartments and developments remains strong, with pricing and sales volumes in line with last year. However, the property developer says...

Eskom take note: Solar plants already powering entire Northern Cape

Roger Lilley, of Energize magazine, lays out an erudite and data-based argument, showing us little-known alternative power sources already on the ground.

Advanced Health delivers a bitter pill as it invests for growth

Advanced Health has warned of widening losses as it invests in new facilities and bulks up its day hospitals.




29 August 2017

Bidvest squeezes out higher earnings despite weak economy

Bidvest says the benefits of a diversified portfolio of businesses were clear last year as it managed to keep its head above water, despite a lack...

Super Group looks to offshore growth as SA stagnates

Super Group is seeing the benefits of its geographic and sector diversification, helping it post higher earnings for the year to June despite pressure on the...

Koos Bekker to Naspers' shareholders: You're richer because of Tencent

At a shareholders' meeting on Friday, Naspers managed to beat off a bid to reject the company's pay policy by securing 79% of a vote to...

Adapt IT plans to continue finding bolt-on acquisitions

Shares in Adapt IT retraced some of this year’s heavy losses after the software group reported a 25% jump in 2017 turnover and a 10% rise...

Basil Read to focus on high-margin, profitable businesses as earnings slide

Basil Read has had a tough first half and the remainder of the year looks equally difficult as its roads and construction divisions continue to face...

Denel finally exits joint venture with Gupta-linked VR Laser Asia

South Africa's state-owned arms company Denel has exited a joint venture with VR Laser Asia, which has been linked to the Gupta family.

HomeChoice grows digital sales as credit regulations bite

Direct marketing and financial services business HomeChoice International says high unemployment coupled with persistent food inflation have put pressure on consumers...




28 August 2017

PPC sinks as AfriSam terminates Heads of Terms

The on-again, off-again merger of PPC and AfriSam could be off again, sending shares in PPC as much as 11% lower on Friday.

Adcock Ingram gives itself a clean bill of health

Adcock Ingram says a re-engineering of the group over the past three years has helped restore profitability and its reputation in the pharmaceutical, health and personal...

Public Protector: Accountability Now seeks investigation into Guptas' tax affairs

The Public Protector's office has confirmed receipt of a request to investigate the SA Revenue Service's conduct regarding the Gupta family's tax affairs.

Northam gets go-ahead for Amandebult deal as it grows production

Northam Platinum has received permission to buy a portion of Anglo American Platinum’s Amandebult mining right as it focuses on moving its production down the cost...

Net1 reports lower profit after paying off former CEO

Net1 has reported a fall in profits in a year when the technology group was in the spotlight over social grant payments and shareholders forced it...

MMI feels the effect of weak equity markets and currency volatility

MMI Holdings is the latest insurance group to warn of lower earnings due to weak equity markets and more customers allowing policies to lapse in a...

Wealth-building tips to generate a passive income - plus some traps

The ultimate goal of long-term investing is to generate a passive income that produces cash for you when you are too old to work.




25 August 2017

Steinhoff denies dirty play as share price falls

Steinhoff has hit back at accusations of wrongdoing after an article in German magazine Manager Magazin sent shares in the global retail giant as much as...

Woolworths hit by waning confidence in South Africa and Australia

Woolworths is finding out that geographical diversity is no guarantee of resilience, with weak consumer confidence in both markets it operates in affecting its performance over...

Massmart's prospects brighten on lower inflation and interest rates

Massmart has been keeping a tight lid on costs in what it describes as one of the most difficult trading periods in recent memory due to...

Exposed Bell Pottinger mole! Quits PRCA board ahead of secret probe outcome

Bell Pottinger chairman Kevin Read was on the board of the body investigating Bell Pottinger's activities behind closed doors until recently.

Rand strength holds back Bidcorp’s earnings

Bidcorp's maiden full-year results since it was spun off from Bidvest have been sullied by the rand’s recovery over the past year.

Blue Label grows profit as it waits for Cell C payoff

Blue Label Telecoms expects its acquisition of a 45% stake in the network operator for R5.5 billion earlier this month to be a game changer for...




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