NEWS ARCHIVES


16 October 2018

Nedbank to go ahead with odd-lot offer

New shareholders with less than 100 shares who want to retain their holding have to elect to do so.

Famous Brands impairs UK burger chain again

The casual dining restaurant group said it was prudent to impair the value of Gourmet Burger Kitchen due to its sustained underperformance.

Steinhoff buys more time with creditors

The retailer reassured investors that it has made substantial progress in negotiations with creditors.

Adcorp profitable after clean-up

The group said the clean-up of its operations last year enabled the new leadership team to gain an understanding of its true financial position.

Balwin’s profits rise as developments get back on track

Property developments that were delayed by slow town-planning approvals last year are currently under construction.

Saudi Arabia vows retaliation if punished over missing critic

Saudi Arabia warned Sunday it would retaliate against any sanctions imposed on the oil-rich kingdom over the disappearance of journalist Jamal Khashoggi, as the Riyadh stock...

The Week Ahead of 16 October 2018

#ChrisGilmour - After a torrid week in the headlines, Finance Minister NhlaNhla Nene did the honourable thing and tendered his resignation to President Cyril Ramaphosa...




15 October 2018

Tiger gets listeriosis all-clear at Germiston plant

Production was set to resume at the factory on Friday, with the exception of its ready-to-eat chilled processed meats.

Famous Brands’ UK burger chain may enter business rescue

London’s Sunday Times reported that Gourmet Burger Kitchen may launch a formal company voluntary arrangement due to tough conditions for UK restaurants.

PSG flags a strong first half

The investment holding company said the majority of its core investments reported “commendable” recurring earnings over the six-months to end-August.

Kumba winds up Thabazimbi transfer

The iron ore producer has sold the closed Thabazimbi mine to ArcelorMittal SA for a nominal R1.

Susan Booysen: Crushing the ANC's house of cards - it only takes a Nene

Cyril Ramaphosa's African National Congress was displayed as a fragile house of cards last week. One faltering card, Nhlanhla Nene, was all it took to lay...

Parliamentary Notebook: Cabinet approves policy switch on digital migration while government looks to cap price of unleaded petrol

Public Protector Busisiwe Mkhwebane was in Parliament again on Thursday, not to be told about that pending decision on an inquiry into her fitness for office,...

MOTORING: Subaru Outback 3.6R-S ES CVT: The great all-rounder

Su-bah-ru, or Suba-roo? Which ever way you pronounce it, everyone agrees that Subaru, that refreshingly off-beat Japanese auto maker, builds some pretty decent vehicles. And most...




12 October 2018

Mondi supported by higher prices

The paper and packaging group says rising operating costs were more than offset by higher selling prices in the third quarter.

PSG Konsult grows assets in tough market

The group says it increased its market share as total assets under management jumped 19% to R230 billion.

Resilient logistics lift Equites

The property fund is buying strategic land holdings in SA so it can develop emerging logistics nodes.

Atlantic Leaf cushioned by stronger industrial sector

The UK property investor has been shielded from the weak retail sector by its larger exposure to industrial and office properties.

Zungu Investments enters property market

A new landmark Black Economic Empowerment (BEE) deal has propelled investment holding company Zungu Investments into the property sector...

ANALYSIS: The politics of having the newest new Finance Minister, Tito Mboweni

On Tuesday afternoon President Cyril Ramaphosa confirmed that he had accepted the resignation of Nhlanhla Nene as Finance Minister, and was appointing Tito Mboweni in his...

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

Weekly summary of M&A activity by South African companies as well as activity from across the rest of Africa...

Corporate finance activity of the week

Weekly summary of corporate finance activity by South African exchange listed companies...

Thorts - Trends shaping private equity investments in Nigeria

Raising a private equity fund in frontier markets is a tough business. Fund managers in Nigeria are facing new regulatory challenges in 2018, and going forward...




11 October 2018

Naspers drags JSE down in global tech rout

The US/China trade war, rising US interest rates and a shift out of tech shares have pushed global markets lower.

Stefanutti jumps on earnings forecast

Even without the restatement of last year’s results due to new accounting standards, earnings will still be higher.

Newpark cuts dividend as vacancies rise

The JSE’s landlord lost a large tenant at its 24 Central mixed-used complex and says its full-year distribution is also likely to be lower.

Newsflash: Gupta lieutenant demands business class flight from India to address Parliament

At Parliament's ongoing hearing into how the Gupta family obtained naturalisation, it was revealed that key Gupta lieutenant Ashu Chawla had a special demand for Parliament....

Branson says Virgin Galactic to launch space flight ‘within weeks’

British entrepreneur Richard Branson said he expects his Virgin Galactic company to conduct its first space flight "within weeks, not months".

Cannabis Shares - a growing market

I have had a request to comment on Cannabis shares. Here is a short discussion on the subject from a U.S. perspective

US Open, PGA winner Koepka voted PGA Tour Player of Year

Brooks Koepka, this year's US Open and PGA Championship winner, was announced Tuesday as the US PGA Tour Player of the Year, having won a vote...

Zapiro: Viewing Nene




10 October 2018

Rand rallies as Mboweni replaces Nene

Tito Mboweni is the country’s 5th finance minister since 2015 and President Cyril Ramaphosa says he has his work cut out for him.

Sean Muller: Beyond Nene: Ethical shortcomings in the public sector

In South Africa's public service the proportion of officials with strong, clear commitments to ethical principles is small. Officials like Themba Maseko -- who dismissed the...

Zeder reaps more from its investments

While the agribusiness’s shares remain under pressure, earnings have recovered at most of its underlying investments.

AfroCentric takes control of Activo

The MedScheme owner says the transaction is consistent with its strategy of expanding its mediation distribution network.

Netflix, already a studio in all but name, is buying a studio

Netflix Inc. is buying its first production studio, the New Mexico facility used to make "The Avengers'' and "Sicario,'' to accommodate its growing output of original...

Ivo Vegter: Even the meagre promises of the Jobs Summit are empty

The talking heads at last week's Jobs Summit among government, business and labour have decreed that they will create 275,000 jobs per year. If it was...

OP-ED: Many Belts and Roads? Demystifying China's Africa Ambitions

There is no doubt that China's emergence as the world's second-largest economy and, particularly, its role in Africa, has shaken up the established order. No longer...




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