NEWS ARCHIVES


25 January 2018

Rand rallies to best level since 2015

The rand’s strength is expected to result in lower fuel prices after December’s petrol-price hike fed inflation numbers.

Woolworths to take a hit on David Jones reassessment

The retailer is writing down about a third of the value of the Australian department store chain.

Share Picks USA by Bruce

In South Africa, there is an increasing demand by Retail Investors to diversify their portfolios. Recently it has become easier for investors to purchase shares in...

Tobacco stake lifts Reinet’s portfolio

The investment fund says it hasn’t made provision for a performance fee as the conditions haven’t been met.

Wescoal starts reaping the benefits of Keaton acquisition

The coal miner says it’s on track to securing its eight million tonnes of coal production a year.

SassaGate Inquiry: The truth ‘lost in elaboration’ as belligerent Bathabile Dlamini glowers, blames and evades

Minister of Social Development Bathabile Dlamini was visibly irritated at having to answer questions at Monday's historic inquiry, ordered by the Constitutional Court and headed by...

GroundUp: How severe is the drought? A detailed look at the data

Facts are few, opinions plenty, on the cause of the water crisis. By Piotr Wolski for GROUNDUP.




24 January 2018

Sasol to benefit from new Trump Tax

The fuel and chemicals group says it’s making progress with its US project, which is 81% complete and on schedule.

AVI is putting on the Spitz

The stronger rand has boosted profit margins, while volume growth was supported by sales of the group’s core footwear brands

Analysis: A drought of nature compounded by a drought in leadership

The politics of water in times of scarcity is not about counting ever-evaporating cubic metres of dam water, as important as this is, but the creeping...

Lewis rallies on strong third quarter

Sales are up and debtor costs are down but the furniture retailer is still bemoaning new credit regulations.

BAT stake boosts Reinet’s value

British American Tobacco jumped 7.4% on the LSE in the last quarter of 2017, giving Reinet a lift.

TRAINSPOTTER: The House that Zuma built

It's crumbling, brick by cheap-ass brick. But what comes next? By RICHARD POPLAK




23 January 2018

Steinhoff offloads PSG shares to boost liquidity

The group sold down its stake in the investment group from 16% to 2.5%, raising R7.1 billion.

Lonmin write down leaves it in the red

The group’s loss comes as it recommends an all-share offer from Sibanye-Stillwater to buy the platinum miner.

Three for two offers boost Clicks' sales

The pharmacy group says strong promotional activity helped lift sales over the festive season.

Richemont offers €2.8 billion for Yoox Net-A-Porter

The luxury goods group says digital channels are becoming critically important in meeting luxury consumers’ needs.

The week ahead

The positive momentum of recent weeks on the global economy front continued last week with the release of China’s Q4 2017 and full year (FY) 2017...




22 January 2018

Steinhoff perks up on liquidity report, Poundland rumours

The UK’s Sunday Telegraph says private equity firms are interested in buying Poundland, while a management buyout is also being mulled.

PPC gets breathing room on DRC debt

The debt repayment holiday comes at a cost, with an additional interest spread of 2.5%.

amaBhungane and Scorpio #GuptaLeaks: Meet the money launderers

The Guptas used an international network of scrap metal dealers to launder hundreds of millions in kickbacks between China, India, the UAE and South Africa. We...

Anton Harber: By paying for interview, Bathabile Dlamini has destroyed SABC’s journalistic credibility

South African journalism has had some low points in its 200-year history. This week's admission that the SABC sells interviews without telling the audience is one...

Marelise van der Merwe: The Other News Round-Up: I Think, Therefore I Scam

Each week, Daily Maverick brings you some of the odder happenings from across the globe and closer to home. This week: desperate times call for scammers...




19 January 2018

Steinhoff says it can service its debt - for now

The group has moved to reassure lenders that it’s cleaning up its business but may need limited waivers on its debt covenants.

Mixed bag for Massmart in 2017

A second-half improvement at its Massbuild and Masswarehouse division left full-year sales marginally higher.

DealMaker of the Year sponsored by INCE

This is the 10th year in which such an award is to be made. Candidates are nominated by their peers in the M&A industry. From these...

Banks waive Lonmin’s covenants pending takeover

The platinum miner’s tangible net worth value is expected to have fallen below $1.1 billion, which would have triggered a default.

Netcare’s UK subsidiary stable without its support

BMI Healthcare is busy negotiating a long-term financing agreement with its lenders and rent reduction deal with its landlord.

Movers & Shakers - Mamongae Mahlare

Mahlare is well equipped bringing with her a wealth of skills in general management, commercial, operational and engineering experience. She has worked at SABMiller, Tanzania Breweries,...

Thorts - What the SPAC?

In early 2013, the JSE Limited Listings Requirements were amended to provide for the listing of a special purpose acquisition vehicle (SPAC) on either the Main...

Corporate finance activity of the week

Welcome to the first corporate finance activity of the week for 2018 by DealMakers SA

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

Wondering whats happening in the M&A space for 2018? From JSE-listed, unlisted and companies in Africa brought to you by DealMakers

#CapeWaterGate: As fake news flows, real photos show drought’s effect on dams

Lies, misinformation, genuine errors and conspiracy theories about the Cape water crisis are all circulating busily on social media. The reality is scary enough without the...

GroundUp: Drought – Has Cape Town planned well for Day Zero?

There are several unanswered questions. By Aidan Jones and Nathan Geffen for GROUNDUP.

GroundUp: Sassa to start paying grants through Postbank in February

Cash payments of social grants are still to be done by Cash Paymaster Services -- for now. By Barbara Maregele for GROUNDUP.

Social Development has allegedly paid SABC R500,000 to interview Bathabile Dlamini – but no one's talking

On 18 December, slap bang in the middle of the ANC's bruising elective conference at Nasrec, Anele Mdoda, host of the SABC 3 Real Talk with...




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