NEWS ARCHIVES


21 June 2017

Open letter to the 'super-suit without substance', Minister Malusi Gigaba

It’s also emerged in recent days, that Gigaba bulldozed through the Guptas’ South African citizenship, despite previous government officials rejecting their applications...

Rand tanks as Public Protector opens Pandora’s Box on currency laws

The rand tanked after the Public Protector recommended changes to the Constitution that would see the removal of a clause to protect the currency...

Mining Charter sees bloodbath resume on JSE

The mining firms lost over R50bn in market value last week, following the announcement of the Mining Charter...

Absa: No obligation to pay R1.125bn bailout

It relates to SARB’s assistance to Bankorp between 1985 and 1995...

African aviation forum seeks new perspectives

According to the founder and managing director of AviaDev, Jon Howell, 2017 was stated as the year that the skies in Africa would open...

Boks to prepare for French backlash

The Springboks will continue to focus on their own processes and fundamentals during the build-up to the final...

You're not above the law, Mr Armed Response

The thing is, parking on public open spaces is actually, truly illegal. In terms of the Joburg By-laws...

More than 7 500 animals ready for African Animal Ark operation

Trailed by great clouds of dust, a massive convoy of noisy diesel trucks rumbles out of Zimbabwe this week starting on Monday...




20 June 2017

ZAR X: Eyes on second prize

ZAR X, South Africa’s second licensed stock exchange, welcomed its third listing this week...

SA a terrible destination for mining investment

Mining companies may also be getting caught in the cross hairs of local politics and posturing ahead of the African National Congress’s leadership conference...

Your next doctor could very well be a bot

Artificial intelligence is rapidly moving into health care, led by some of the biggest technology companies and emerging startups...

Police spooks threaten to strike

Turmoil is brewing within the police’s crime intelligence unit, with operatives threatening to go on strike...

Thousands left stranded by Johannesburg taxi blockade

Talks between the National Taxi Association and SA Taxi Finance Holdings stalled resulting in taxi drivers turning off their engines...

Coega bucks the trend

Coega Development Corporation has posted impressive performance figures for the 2016/17 financial year...

How they fared – the Springbok performance scorecard

No coach will ever express unreserved satisfaction for the way their team has played, and Bok coach Allister Coetzee is no different...

Bekker 'disappointed' at major debut display

South Africa's Oliver Bekker says he is disappointed after missing the cut in his US Open debut at Erin Hills...




16 June 2017

Corporate Finance Activity of the Week

The fully underwritten rights offer of nine shares for every seven was five times oversubscribed and represented a 60% discount to its closing price the day...

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

Glencore has submitted a proposal to acquire Rio Tinto’s stake in Coal & Allied Industries for $2,55 billion (R32,9 billion). The deal would be funded from...

Fibre for Africa

In February 2017 a consortium comprising of Liquid Telecom and Royal Bafokeng Holdings successfully concluded the R6,5bn acquisition of Neotel, formerly a subsidiary of Tata Communications...

Rafael Eliasov strengthens Cliff Dekker Hofmeyr team

Rafael Eliasov has joined Cliffe Dekker Hofmeyr as a director in the firm’s Corporate and Commercial practice. Eliasov specialises in mergers and acquisitions and employee share...

Telkom's renewal teaches Eskom how to avoid scandalous government

What does Telkom think it's up to? We're all familiar with blaming the line carrier, never mind those responsible for it...

#GuptaFreaks – How the monsters are beginning to eat themselves

It’s been a busy few weeks. Let’s get caught up...

Moneyweb editor Thompson explains how he was played for a fool

Warren Thompson, an editor at Moneyweb, has painted a picture of himself as a gullible pawn in the Bell Pottinger strategy to sow hatred and division...

Aspen loses cancer drug appeal and must pay €5.2m fine

Aspen said it will engage its advisers and consider the matter further against receipt of those reasons...

Johann Botha 'an intelligent and honest man'

A memorial service is expected to be held on Thursday for Johann Botha, the Carte Blanche producer who was shot and killed during a business robbery...

Rand breaks below R12.60/$ on poor US data

It touched R12.59 shortly after the news that the consumer price index in May fell 0.1% on a month-on-month basis...

Lambie not considering retiring, say Sharks

The Sharks have firmly denied that flyhalf Pat Lambie is considering retirement following his latest concussion...

London fire: Twelve dead in Grenfell Tower blaze

Twelve people have died in a west London tower block fire and the number of deaths are expected to rise, police have said...




15 June 2017

What Musk and Schmidt can learn from Buffett's 'Woodstock for capitalists'

Berkshire Hathaway’s annual shareholder meetings have become the stuff of legends as the hours-long spectacle includes the ‘Oracle of Omaha’, Warren Buffett...

Disciplining Zille: Helen Zille apologizes, keeps premiership

DA leader Mmusi Maimane has accepted Helen Zille’s apology for saying colonialism’s legacy was not all negative...

JSE recovers as Naspers rebounds from sell-off

The JSE edged higher following the relief bounce in Tencent seen in Hong Kong. The move saw Naspers gain 0.70% and close at...

Alexander Forbes chair Sello Moloko steps down

Alexander Forbes announced the retirement of non-executive board chairperson Sello Moloko...

Herman Mashaba lets rip – ANC looting in Joburg ‘breathtaking’

These facts include 1083 cases under investigation, with 143 relating to fraud and corruption alone in Mashaba’s administration, recently inherited from the ANC...

South African to lead World Farmers' Organisation

This is the first South African to lead the World Farmer’s Organisation, according to Johannes Möller, president of Agri SA...

Proteas too 'macho' to handle pressure?

World-renowned physical and mental conditioning expert Paddy Upton has an interesting take on where the Proteas are going wrong...

Travis Kalanick's rollercoaster reign at Uber

There is no doubt that Travis Kalanick, the billionaire founder of the Uber lift-sharing platform, built a company that is one of the giants of Silicon...




14 June 2017

African Safari on the cards for M-Pesa after Vodacom inks Kenya mobile deal

A deal by South Africa’s biggest mobile network Vodacom to snap up 35% of Kenya’s Safaricom is set to unlock the latter’s mobile money service M-Pesa...

The days of tension and confusion within the ANC

The events of the next six months and six days (or so) will almost surely determine the next decade of our politics...

MMI, African Bank partner to expand fin services

According to an investment note the financial services group explained that the agreement, which is yet to be approved, will see both entities expand their financial...

International Tech stock rout sees Naspers drag down JSE

Naspers collapsed R158.03 to R2.525 per share – slipping 5.89% following a sharp drop in Hong-Kong listed Tencent, in which Naspers has a large investment interest...

How the world's first accountants counted on cuneiform

The Egyptians used to believe that literacy was divine, a gift from baboon-faced Thoth, the god of knowledge...

Zim reserve bank will not reverse Barclays Zim sale

Reserve Bank of Zimbabwe governor John Mangudya said on Monday that the central bank will not interfere with how Barclays plc will dispose of its stake...

Out-batted, out-bowled and out of another ICC event

Death. Taxes. South Africa imploding in an International Cricket Council sanctioned event. These are a few of life’s certainties...

WATCH: Drone footage captures aftermath of deadly #KnysnaFires

It’s only now that people in the area are starting to assess the damage and drone footage has highlighted just how much destruction has taken place...




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