NEWS ARCHIVES


21 November 2018

Coronation sees more value in SA assets

Following their relative underperformance over the past year, the fund manager says the major SA asset classes present opportunities.

Pepkor slumps on earnings decline

The retailer says one-off costs related to a third-party debt provision and share dilution will leave full-year HEPS as much as 42% lower.

SANTACO takes a stake in SA Taxi

Over the past decade, Transaction Capital’s SA Taxi has extended loans of close to R22 billion to taxi operators.

Rhodes Foods more bullish on its outlook

A turnaround at Ma Baker is progressing well while the end of the drought in the Western Cape will return its international business to profitability.

ILLICIT FINANCIAL FLOWS: Trade misinvoicing costs South Africa $7.4bn in tax a year

While SARS is scrambling to meet collection targets, a new report estimates the country lost $37-billion in revenue to trade misinvoicing in five years. Trade misinvoicing...

Cryptocurrencies Falter as Bitcoin Tumbles Toward $5,000 Level

Cryptocurrencies resumed their slump on Monday, with Bitcoin falling toward $5,000 in the wake of a split of one of the largest major tokens.

FinChatBot secures $500k investment from Compass & Kalon VP

South African venture capital firm Kalon Venture Partners and Mauritius-based Compass Venture Capital are pleased to announce their co-investment into...




20 November 2018

Steinhoff names new CEO as restructuring progresses

Louis du Preez, who has been leading the restructuring negotiations, will replace Danie van der Merwe, who steps down at the end of the year.

Naspers flags first-half earnings rise

Headline earnings and earnings per share increased considerably as a result of its share of fair-value gains recognised by Tencent.

UK exit boosts Netcare’s profit

The private hospitals group has declared a special dividend of 40c per share following a detailed review of its portfolio, capital structure and capital requirements.

Pioneer faces pressure despite improvement

The branded food producer has reported a big improvement full-year earnings but said pressure started to emerge in the second half.

Astral benefits from higher prices and lower feed costs

After a strong year, the poultry producer says its near-term prospects can be regarded as a mixed bag of negative and positive factors.

The Week Ahead of 20 November 2018

#ChrisGilmour - Global growth slowing but US growth keeps chugging along...

Sponsored - 10 mistakes to avoid in your will

Many people think a simple, one-page document is all they need to transfer ownership of their worldly possessions to their heirs. Some even go so far...

Days of Zondo: Gordhan, Malema and evidence about Zuma will make for a potent week at State Capture probe

Public Enterprises Minister Pravin Gordhan's testimony at the Zondo Commission of Inquiry into State Capture on Monday is likely to be the most politically contested. Gordhan...

Evita's free speech: Ep. 169: Evita insists - Equality starts at home (Video)

ANC cadre Evita Bezuidenhout tries to expose fake news and highlight alternative facts with a weekly episode of EVITA'S FREE SPEECH.




19 November 2018

BAT drags on Reinet

The investment group says it continues to take comfort in the tobacco giant’s underlying financial results despite a slide in its share price this year.

Sibanye sparkles on dividend prospects as metals rise

As palladium rose to a record high, the company said it planned to resume dividends in 2020.

Group Five gets no relief from the courts

The High Court of Johannesburg said it was unable to interdict the construction group’s Ghanaian client from demanding penalties for project delays.

Novus impacted by new Media24 contract

The print and packaging group has had to adjust after Media-24 renegotiated a printing agreement on less favourable terms.

May's Brexit Bombardment Wins Her Sympathy From Fatigued Public

With Britain in another meltdown over Brexit, there are signs the attacks on Prime Minister Theresa May aren't going down well with people away from the...

Nintendo Bets New Hex-Nut Pokémon Will Boost Switch Sales

Nintendo Co. is gambling that it can sell millions of Switch consoles this holiday season by introducing a new Pokémon game that interacts with the free-to-play...




16 November 2018

Mediclinic falls after impairing Swiss operation

The private hospitals group says regulatory changes are significantly impacting the healthcare market in Switzerland and all operators are affected.

Investec on track for demerger

The specialist bank and asset manager says it delivered a sound performance notwithstanding a challenging operating environment.

Sappi bullish on its prospects

After reporting an improved fourth-quarter, the paper and pulp producer has predicted a strong start to 2019.

Woolworths food sales make up for weaker clothing

The retailer says after a smaller winter sales affected first-quarter sales, womenswear, in particular, showed signs of life in October.

Bitcoin Plummets Below $6,000 to Lowest Level in Over a Year

Bitcoin tumbled below $6,000 for the first time since August and reached its lowest level in over a year, breaking the recent stretch of tranquility exhibited...

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

Weekly summary of M&A activity by South African companies proudly brought to you by DealMakers and sponsored by Cliffe Dekker Hofmeyr...

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

Weekly summary of all M&A activity from across Africa (excluding South Africa)...

Corporate finance activity of the week

Weekly summary of corporate finance activity by South African exchange listed companies...

Thorts - Foreign lenders; South African borrowers

When a foreign lender advances a loan to a South African borrower, three key sets of laws or regulations must be considered...




15 November 2018

Discovery banks on good behaviour

Through Vitality Money, customers will get interest rates in line with their financial behaviour.

Imperial Logistics prepares to go it alone

Imperial Holdings says the restructuring and separation of Imperial Logistics and Motus was “among the most complex and ambitious undertaken”.

Spar benefits from rand weakness

Positive growth in Ireland and a weaker rand helped offset continued weakness at the group’s Swiss operations.

Indluplace maintains dividend despite tough year

The REIT saw a rise in vacancies after Eskom cut back on activity in Witbank, resulting in the non-renewal of residential contracts.

Newsflash: Malusi Gigaba resigns 'for the sake of our country'

Malusi Gigaba resigned as Home Affairs minister on Tuesday afternoon. The presidency confirmed that President Cyril Ramaphosa had accepted the resignation.

Pierre De Vos: Regardless of the politics, Public Protector's pursuit of Gordhan is legally flawed and fails the honesty test

South Africans who pay attention (and consider facts more important than political slogans) already know that Public Protector Busisiwe Mkhwebane has a limited knowledge of the...

Zapiro: Pravin Delayed




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