NEWS ARCHIVES


30 October 2017

LafargeHolcim keen to cement deal with PPC

LafargeHolcim has emerged as another potential buyer for PPC in a deal that would combine the Swiss company’s assets in Africa with PPC’s.

Long4Life says it has the firepower to fund more deals

The investment group says it has R1.6 billion in cash available for deals. says it is also well positioned to access additional capital.

Coal on a roll as it plans name change, share consolidation

The junior coal miner said it planned to ask shareholders to approve a 20 for one share consolidation at next month’s annual general meeting.

SCORPIO: Tom Moyane’s payment of Exco bonuses ‘grounds for dismissal or suspension’

The Auditor-General has given tax boss Tom Moyane an ultimatum: Declare controversial bonus payments to your executive committee as irregular expenditure or SARS gets slapped with...

Equites extends its UK reach

Equites has bought a tract of land in the UK where it plans to build a distribution warehouse for DHL International.

Lewis says credit regulations are hurting revenue

Lewis says tough trading conditions have been compounded by the ongoing impact of the National Credit Act’s affordability assessment regulations.

The Interview: The unflappable Mr Maimane

At this point in the ANC's history, you'd think that all an opposition party has to do to prosper is - well, nothing. But is the...




27 October 2017

Clicks a counter-indicator to a weak economy

Turnover at the health and beauty retailer rose more than 10% last year as health and beauty sales boomed.

AB InBev feels the ripples of Hurricane Harvey

The world's biggest brewer has reported a decline in volumes as bad weather in the US offset rising sales in Africa, Mexico and Argentina.

Corporate finance activity of the week

The company has raised R1,3 billion, up from the initial R900 million due to strong demand. Part of the accelerated bookbuild was by way of the...

New-look Altron aims for double digit growth

Altron says it’s making good progress on its strategy of repositioning itself in the ICT space as it disposes of non-core businesses.

Stadio stays in vogue with latest acquisition

Stadio has bulked up its tertiary education offering with the purchase of fashion design school LISOF

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

Mediclinic International has confirmed that Spire Healthcare, in which it holds a 29.9% stake acquired in 2015, has rejected its offer to acquire the UK private...

Crime Stats Analysis: The SAPS – while seeking solutions – is part of the problem

The long and short of South Africa's crime statistics is that murder is up, as are home and business robberies, carjackings and stock theft. The SAPS...

Thorts - Debt to Equity

Webber Wentzel participated in the 26 September 2017 workshop where National Treasury discussed revised proposals for these amendments in response to written submissions on the DTLAB...




26 October 2017

Gigaba’s mini budget raises downgrade fears

The risk of S&P downgrading SA’s local currency credit rating to junk next month has risen following the release of the Medium Term Budget yesterday.

Government’s Telkom sale to go ahead

Finance Minister Malusi Gigaba has confirmed that government does plan to reduce its stake in Telkom, sending its shares lower.

TRAINSPOTTER: The ANC’s ultimate Dark Horse candidate – one’s interview with Zweli Mkhize

Dr Zweli Mkhize, Treasurer-General of the African National Congress, is now the third force in what was meant to be a two candidate succession race between...

EOH rallies after saying it’s been cleared of wrongdoing

EOH climbed as much as 7.7% after it said amaBhungane had found no evidence of any wrongdoing in its dealings with SASSA.

Calgro raises first international funding

Calgro M3 has secured its first international funding in the form of a R387 million unsecured loan from the French lender Proprarco.

Astoria benefits from US market rally

The investment company’s listed equity portfolio has returned 20.6% this year.

Things you don't want to regret in your 40s

If you look on the internet, hundreds of people older and wiser than you have shared their best tips for living life to the fullest before...




25 October 2017

MTN gets a boost from data as subscribers decline

MTN has recorded strong growth in third-quarter revenue from its data and digital services, making up for a pullback in subscriber numbers.

Diamonds sparkle as Anglo heads for higher 2017 production

Anglo American has had a strong third quarter, growing production of copper and diamonds. It’s lowered its guidance for platinum and coal has disappointed.

Analysis: Firing Ramaphosa could turn into political suicide for Zuma

It is now beyond trite to say that tensions are rising within the ANC, and that the stakes - money, power, lives, an entire country -...

Premier casts its nets for deals

Premier Fishing Brands says the R526.5 million in capital it raised in March’s listing on the JSE has placed it in a strong position to fund...

Oasis says global property yields remain attractive

Oasis says the current dividend yield on global REITs to 10-year bond yield spreads remains attractive.

Stor-age raises R1.3 billion in oversubscribed book build

Stor-age has raised R1.3 billion in an accelerated bookbuild, R400 million more than planned due to strong demand for the company’s stock.

amaBhungane: The McKinsey Dossier, part 5 – How Transnet cash stuffed Gupta letterboxes

When global consulting firm McKinsey "came clean" last Tuesday about its work at Eskom, it admitted it was not careful enough about associating with Trillian, its...




24 October 2017

A bitter pill for Mediclinic as Spire rejects it

Spire Healthcare has shunned an offer from Mediclinic to buy the 70% it doesn’t already own in the UK hospitals group.

Gold Fields lowers full-year target for South Deep

The miner is maintaining its output target despite South Deep miss.

Maize contract and raisin shortage still plaguing Pioneer

Pioneer Foods is still feeling the effect of an unfavourable maize contact it entered into last year.

What moved the market last week

Wondering what moved the market last week? Read this blog post by Petri from our Investor Community and join in on the conversation.

Bulked up enX says it’s resilient despite tough economy

A spate of acquisitions over the past year have grown enX's revenue fivefold.

Adcorp makes a move on loss-making units

Adcorp says the core of its business remains stable as it takes steps to close down its weaker operations.

The week ahead

SARB governor said last week he believed that none of the three main credit rating agencies would downgrade SA’s sovereign ratings at their reviews in late...




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