13 September 2017

And then there was one

Ben Kruger is stepping down as joint CEO of Standard Bank, leaving Sim Tshabalala to lead the bank. Kruger remains an executive director.

Comair flying high on rand tailwind

Comair has reported a sharp rise in profit for the year to end June as it benefited from the rand’s recovery from a year earlier.

Ascendis holds back on final dividend so it can make more deals

Ascendis Health has held off on a final dividend as it looks for more acquisitions to complement its existing portfolio of healthcare businesses.

Cutting back could be the key to retiring much earlier

Retirement might seem light-years away, but if you get to your golden years with insufficient funds, it's guaranteed to be even further.

Clover blames it on the weather and weak economy

Clover has reported a sharp drop in profits due to drought, wet weather, the weak economy and volatile rand.

Trellidor boosts revenue with Taylor acquisiton

Trellidor says last year’s acquisition of Taylor Blinds has helped diversify its revenue streams and given it a new market to grow into.

Adcock buys Genop to expand its non-regulated portfolio

Adcock Ingram is buying Genop Holdings in a move that it says will complement its existing portfolio of drugs and products and diversify its business away...

TRAINSPOTTER: The Way we are. The Where we are.

There are literally hundreds of rumours circulating the South African political space. Here's Richard Poplak's take on what's playing out.

12 September 2017

AVI brands withstand the tough economy

AVI has made up for weaker sales volumes of tea and biscuits by raising prices.

Remgro gets a boost from positive bond revaluation

The investment holding company expects to post a sharp rise in headline earnings due to a positive fair value adjustment on its Mediclinic bonds.

Morningside News delivers hyper-local news, views and events to Sandton residents!

When it comes to news, we’re spoilt for choice with a variety of news channels, newspapers, websites, radio bulletins and social media feeds to choose from....

US: From Hurricane Harvey to Cyclone Donald, a country weathering multiple storms

As yet another astounding hurricane lashes part of America, J. BROOKS SPECTOR reviews the legislative storm that struck Washington this past week.

Zimbabwe: Marange diamond fields firms ‘captured’ by sinister spooks, state elites

Political elites and security services have captured the companies mining Zimbabwe's Marange diamond fields and siphoned off billions, according to a new report.

Analysis: What’s behind the ‘sale’ of The New Age and ANN7 to Jimmy Manyi?

What are we to make of the purchase by Jimmy Manyi of the Gupta-owned media assets? On the information available, it looks like a scam.

11 September 2017

What is Section 12J?

Would you like to know what a Section 12J Venture Capital Company is and what it means for an investor?

Rex Trueform tries to entice more shoppers through Queenspark’s doors

Rex Trueform is developing more properties and expanding its retail offering as it tries to grow turnover in a tough market.

Gassed up Afrox lifts interim dividend by 21%

Afrox is seeing increased demand for its gases, particularly from hospitals and the homecare market which use it for the diagnosis and treatment of clinical conditions.

ANC in Opposition: Challenging the DA while it’s vulnerable in Joburg

Barely a month goes by without a no confidence motion somewhere across government. The latest motion is playing out in Johannesburg.

Metrofile eyes growth opportunities in Africa and the Middle East

Metrofile says the weak local economy held back business growth last year, as has the continued delay in government and corporate spending decisions.

RMBH looking for new opportunities in the property sector

RMB Holdings says it plans to grow its newly-created property business and is looking for expansion opportunities, either independently or through the existing portfolio.

Desmond Tutu to Aung San Suu Kyi: The price of your silence is too steep

As we witness the unfolding horror, we pray for you to be courageous and resilient again. An open letter by Archbishop Emeritus Desmond Tutu.

08 September 2017

Bumper dividend from FirstRand despite economic headwinds

FirstRand says it will battle to achieve top line growth in an economy characterized by low domestic demand and pressure on personal incomes.

Sanlam expects no quick recovery in local market conditions

Sanlam is the latest large corporate to bemoan heightened political uncertainty and weak business and consumer confidence, following March’s cabinet reshuffle.

Corporate finance activity of the week

Vodacom shares being sold on the open market, Steinhoff Africa Retail announces IPO prior to listing on the JSE and Orion Minerals seeks listing on the...

African Rainbow Minerals springs back on higher commodity prices

African Rainbow Minerals has sprung back from a loss thanks to higher dollar commodity prices and a tight rein on costs. It’s paying shareholders a record...

Spur says social media fallout may have hurt sales

Spur says the social media fallout following a racist incident at one of its restaurants affected turnover in the last quarter of the year.

Clover sours on drought and rand volatility

Diary and drinks group Clover says results for the year to June are going to be even worse than previously expected due to a number of...

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

Have a look at what's happening in the M&A space this week with JSE-listed companies, unlisted companies and companies in Africa.

Movers & Shakers - Tanya Seitz

Tanya Sietz is a senior associate in Baker McKenzie’s Johannesburg office. Her area of focus is mergers and acquisitions both public and private and corporate practice.

Thorts - Namibia; still a charming destination

Namibia, a country with an abundance of scenic views, landscapes and cultures, has secured its place among the elite tourist locations within sub-Saharan Africa.

07 September 2017

Capitec update fails to impress

In a voluntary trading statement ahead of the release of half-year results later this month, Capitec said earnings per share and headline earnings per share for...

MMI maintains dividend after a tough year

MMI has managed to hold profits steady in a year it says was characterised by tough economic conditions, including a series of credit-rating downgrades, declining business...

Vodacom shares slump as Vodafone lightens its holding

Shares in Vodacom sank 7.9% to R164.28 yesterday after it said its parent company Vodafone had sold about 90 million of its shares, representing about 5.2%...

Op-Ed: Taking BRICS from economic pragmatism to reformed global governance

As the BRICS countries step up more in global issues, their credibility will be determined not only by their foreign policies but also their domestic stability...

The Foschini Group hopes to stay in fashion

The Foschini Group says after a tough 2017, the new financial year has started off much the same. However, it’s hopeful that its diversification and commitment...

Italtile shrugs off restrictions in tile merger

Italtile says it’s going ahead with its R3.5 billion takeover of the shares in Ceramic Industries it doesn’t already own, despite restrictions placed on the deal...

Op-Ed: UK companies must distance themselves from Bell Pottinger after SA malevolency

Bell Pottinger should be run right out of South Africa, and all public bodies and businesses in Britain for which it works should at the very...

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