NEWS ARCHIVES


10 August 2017

Mpact feels the impact of recession

Mpact’s results for the six months to June reflect challenging trading and economic conditions. Sales volumes are down and it’s also been faced with higher recovered...

Greenbay's European expansion lures investors

Continuing its acquisition strategy, Greenbay Properties raised about R4 billion in an accelerated book build this week as it evaluates significant direct retail opportunities in Europe.

Sponsored - One on Whiteley

Perfectly positioned in the heart of Melrose Arch Precinct, One on Whiteley is the latest residential development in South Africa’s most exclusive mixed-use precinct...

Buyer’s remorse as Brait discount widens

Brait’s shares continued their sharp decline on Tuesday after the investment holding company provided investors with an update on its value that gave little detail on...

Rand leads world currency losses as Zuma survives ouster vote

The rand led declines among major currencies after South African President Jacob Zuma survived a bid by opposition lawmakers to oust him, crushing the prospect of...

Zuma Survives Ouster Bid to Keep Grip on South African Power

South African President Jacob Zuma survived a no-confidence motion in parliament, ensuring that he'll maintain his grip on power until at least the end of the...

Semenya’s legacy continues to blossom with bronze in 1,500m

Caster Semenya bagged bronze in the 1,500m at the IAAF World Championships in London on Monday night. In a tough race - and with her main...




08 August 2017

Game changer for Blue Label as it completes Cell C acquisition

Blue Label Telecoms has finally tied up its 45% stake in Cell C, following an arduous journey after Net1 ended a plan to buy a R2...

Anchor Group trading update

Anchor Group has been hobbled by the rand’s relative strength at the beginning of the year, as well as lower earnings from hedge-fund associate Capricorn. Combined...

Named and shamed: MPs who backed Zuma in previous no-confidence vote

History tells us that all seven previous motions of no-confidence in President Jacob Zuma were heavily rejected by the majority of ANC MPs.

Merafe Resources interim results

Merafe Resources has had a strong first half, helped by improved production and ferrochrome prices. The company has also made a big dent in its debt...

Want to be wealthy? Try this Banting-style guide to boosting your riches

Get your head in the right money-making space with a Banting-style clean-out of bad habits and then introduce a new way of managing your money.

The SADC Wrap: Juju gets Zambia all hot and bothered, while Malawi wants ex-president behind bars

From across southern Africa, KRISTEN VAN SCHIE brings you a weekly round-up of news making regional waves.




07 August 2017

Liberty Group first-half results

The weak economy is hindering plans to return Liberty Group to more profitable growth. While a number of missteps have weighed on its recent performance, newly-installed...

Steinhoff to include Shoprite stake in Africa listing

Steinhoff hasn’t been put off by the collapse of a merger with Shoprite back in February. In a twist, the global retail giant has entered into...

S. Africa Communist Party to Back Zuma in Lawmaker Vote, HP Says

The South African Communist Party's lawmakers will support President Jacob Zuma in an Aug. 8 vote of confidence, Huffington Post South Africa reported.

Pallinghurst takes charge at Gemfields

Following Pallinghurst’s successful takeover of Gemfields, it plans to turn the company into the “De Beers of coloured gemstones”...

The art of UCT’s Max Price: Siding with ignorance and misperception

Two years ago, 74 artworks on public display at the University of Cape Town were removed to protect them from protesting students. At the time, UCT...




04 August 2017

Standard Bank Starts Prime Broker to Gain From Hedge Fund Growth

Standard Bank Group Ltd., Africa's largest lender by assets, plans to start a prime brokerage next month to benefit from regulatory changes in South Africa it...

Mining sector bloodbath: Sibanye Gold now considers cutting over 7000 jobs

Sibanye may cut 7,400 jobs as it prepares to close its Cooke and Beatrix West operations, which account for about 16 percent of its planned gold...

Tackling corruption: 'Be prepared to lose something' - Madonsela

South Africans can still save democracy if they hold those mentioned in the Gupta leaks to account for their role in state capture, says former Public...

South Africa Appoints Jarana to Turn Around Unprofitable SAA

South Africa's National Treasury confirmed the appointment of Vodacom Group Ltd. executive Vuyani Jarana as the first permanent chief executive officer of the state-owned carrier since November...

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

African Rainbow Capital has acquired a 20% stake in Rain, a fixed and mobile data network operator...

Corporate finance activity of the week

The Foschini Group raised R2,5 billion...

Movers & Shakers - Michael Denenga

He will lead the Banking and Finance practice in South Africa and brings with him a team of three associates from law firm Thipa Denenga...

Thorts - Rescuing dead horses

What can the UK and South Africa learn from each other by comparing the Business Rescue regime with Administration?

M&A activity results for H1 2017

The value of merger and acquisition activity by JSE-listed companies for H1 2017 was R185,5 billion off 220 deals...




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