NEWS ARCHIVES


26 January 2018

Diamonds sparkle as Anglo lifts production

The new diamond mine in Canada and strong iron ore production have made up for a deliberate cutback in platinum and coal.

Hospitality deal lifts Adapt IT

The transaction gave Adapt IT a foothold in the hospitality sector, which now contributes close to a quarter of its revenue.

Deal of the Year - Sponsored by Brunswick

This is the 17th year in which this Gold Medal award is to be made. Nominations were received from advisory firms which, together with nominations from...

Harmony lowers funding requirement for Moab

Shareholders will be asked to approve the $300 million deal at a general meeting next week.

Slimmed down Datatec to report lower earnings

The technology group’s main businesses are now Logicalis and Westcon International following the sale of its Americas business.

Eskom Inquiry: Former CFO Anoj Singh joins the growing queue of the ‘I don’t know’, ‘I can’t say’, ‘It wasn’t me’

It wasn't me. I was not obliged to do so. I did not know. There is an ever-lengthening queue of senior officials from State-owned Entities (SoEs)...

State Capture: Commissions of inquiry are flawed – do they hear the whole truth?

Early in January, on the eve of the first meeting of the new National Executive Committee (NEC) of the governing African National Congress (ANC), President Jacob...

Corporate finance activity of the week

Your latest issue of M&A Pulse with the latest corporate finance activity of the week brought to you by DealMakers.

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

Richemont has announced its intention to launch a voluntary public tender offer for the stake in YOOX Net-A-Porter Group it does not already own. The offer...

Thorts - Consecutive asset-for-share transactions

Section 42 of the Income Tax Act, No 58 of 1962 (Act) allows taxpayers to transfer assets to a company free of immediate tax consequences, provided...




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...




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