NEWS ARCHIVES


03 August 2017

Nedbank CEO Sees State-Owned Firms as Biggest South African Risk

South Africa's debt-laden state-owned companies may represent the single biggest risk to the country's economy, according to Nedbank Group Ltd. Chief Executive Officer Mike Brown.

Glencore Asks Australia to Focus on Economy Before Climate Deal

Australia may need to consider delaying its goals to combat global climate change in order to prioritize energy security and economic prosperity, according to a senior executive...

No Confidence debate; politics and integrity collide in 6 days' time

Opposition parties are united in wanting Zuma to be removed, but appear divided on what should happen if the motion of no confidence against him succeeds.

Gupta Family Deny South African Emails are Real in BBC Interview

A raft of emails leaked to South African media about how the Gupta family have won billions of rands of contracts from state-owned companies and influenced...

End is nigh for Eskom's old-world coal, nuclear 'baseloadism' - Yelland

The dramatic fall in pricing for solar and wind energy is making it a seriously competitive (and in fact cheap) alternative to tapping coal and nuclear.

Bringing our copyright laws into the digital era

There are a great deal of positives to the draft Copyright Act Amendment Bill, which is before parliament in public hearings this week. But some tweaks...




02 August 2017

Pravin #JoiningTheDots - SARS captured as 'whistleblowers' shown the door

Former finance minister Pravin Gordhan has confirmed what has been suspected for ever so long: SARS is captured as the good people are shown the door.

S. Africa Central Bank Warns Policy Uncertainty May Deepen Slump

South Africa's central bank warned that an economic slump may deepen if the government doesn't address political turbulence and a policy vacuum in mining and agriculture...

US: Marine General to the rescue of a floundering, foundering, faltering White House

In spite of his increasingly desperate desires to write about early hominins, art, theatre and the Chinese challenge in the South China Sea and elsewhere...

Pro-Zupta propaganda war: How Bell Pottinger roped in Israeli tech firm

Israeli-based, online reputation management company Veribo had been hired by UK PR firm Bell Pottinger to assist with their (now former) Gupta clients.

Iron Ore Soars as Bull Case Gets Big Lift From Industry PMI

Iron ore rallied after manufacturing data from China showed another expansion in the world's largest steel industry as mills churn out record volumes, helping the raw...

Dear Shaun Abrahams, put up or ship out and let others do your job

The current reopening of the inquest into the death of activist Ahmed Timol in 1971 while in police custody is a reminder not only of how...

GroundUp: Digital TV for poor households – understanding the Concourt’s judgments

Set top boxes case split the highest court three ways. By Safura Abdool Karim for GROUNDUP...




01 August 2017

Miners Drive South African Stocks to Record High as Kumba Gains

South Africa's benchmark stock index advanced to a record Monday, joining a global rally as commodity prices surged on optimism economic growth is gathering momentum...

Politics to Weigh on South Africa's Central Bank, Moody's Says

South Africa's central bank is under increasing political pressure to maintain "expansionary" monetary policy, Moody's Investors Service said...

Maimane: Only way to free SA from Zuptas, state capture is to fire ANC

As the August 8 vote of no-confidence in President Jacob Zuma approaches, it looks as if we can begin to forecast what may happen...

The future is here: Shell CEO says next car will be electric as Musk releases Tesla 3

When the boss of Europe's biggest listed oil company says his next car will be electric, it says a lot about the future of fossil fuels...

A timely warning to adapt to the approaching 'Tsunami of Tech' - IRR

Rabelani Dagada takes an upbeat view of the current tech turbulence, citing convincing examples to argue that ICT will boost economies and job creation...

GroundUp: Civil society mobilises to end Zuma presidency

A People's March is to be held on 7 August in Cape Town in advance of the no confidence vote in Zuma in Parliament scheduled for...




31 July 2017

Gloom Gripping South African Economy Spilling Over Into Banks

Barclays Africa Group Ltd. just delivered further proof that South Africa's economy won't be climbing out of the doldrums anytime soon...

KPMG-Gupta links: Sygnia's Wierzycka fires KPMG for 'looking the other way'

"We must make examples of those who aided and abetted corruption in SA. And those who might have chosen to look the other way," says South...

Making Waves. Big ones. Coming your way soon.

J. BROOKS SPECTOR watches a film on an iconic Japanese woodblock print and begins to think about the waves washing over America's (and the world's) political,...

Zuptanomics: Is now the time to cash in your preservation fund?

Amid SA's recession, the unwillingness of President Jacob Zuma to resign and junk downgrades; you may be considering cashing in your preservation fund...

Horn of Africa a flash point for proxy battles among Gulf states

The fall-out between the Gulf states is exacerbating tensions in the Horn of Africa against the background of growing Middle East involvement in the region...




28 July 2017

Anglo Back to Ambition With Surprise Dividend and Growth Aim

Anglo American Plc, the mining giant that fought to survive the commodities collapse, has returned with a renewed sense of ambition, surprising investors with a dividend...

Choking on greed: 'Best trader in SA' Eric Wood grabs Gupta Trillian stake

Gupta lieutenant Salim Essa has sold all his shares in Trillian Capital Partners to CEO Eric Wood, who boasts he is the greatest trader in South...

AB InBev shares climb on SABMiller cost savings, profit growth

Anheuser-Busch InBev NV set a high bar for other consumer-product companies seeking to boost profitability through cost cuts...

Goldman's Now Bullish on Iron Ore This Year But Warns on `18

Goldman Sachs Group Inc. boosted its iron ore forecasts after better-than-expected demand in China raised prices, but warned that it remains bearish...

GroundUp: Cybercrimes Bill threatens our freedom

There are just two days left to give your comments to Parliament. By Murray Hunter for GROUNDUP...

South Africa Raises Forecast for Record 2017 Corn Harvest

South Africa, the continent's biggest producer of corn, increased its forecast of this year's record crop after farmers improved their yields...

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

Long4Life has announced details of its planned acquisition of JSE-listed Holdsport...

Thorts - Competition agencies work together in Africa

A growing number of African competition authorities are working together to promote coordination and harmonisation of national and regional laws and policies...

Movers & Shakers - Paul Pretorius

Pretorius has considerable experience and a proven track record in both raising equity and debt capital for clients, as well as advising clients in all areas...

Corporate finance activity of the week

The equity raise will be implemented through an accelerated bookbuild process and will raise approximately R400 million...




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