NEWS ARCHIVES


23 June 2017

Cell C seeks to cut debt by 73% (to R6bn) with Blue Label deal

The proposal is the latest attempt by Cell C to push through the sale of a 45 percent shareholding to Johannesburg-based Blue Label for R5.5 billion...

Why foreign investors choose Peru and not, erm, Uganda?

Why would investors seeking healthy returns and a stable environment choose Uganda over other locations around the world with similar potential?

'Radical economic transformation' twisted to mask state capture

But in this speech below, Ramaphosa puts forward sensible, meaningful and realistic ways of boosting inclusive growth and driving wide-scale transformation in a rational way...

Black audit firms need a big step up

The Independent Regulatory Board for Auditors (IRBA) said in a statement...

Proteas look to lay the foundations of a legacy at the World Cup

South Africa begin their World Cup campaign in England this weekend...

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

Datatec subsidiary Logicalis Group has acquired a 54% stake in Packet Systems Indonesia, an ICT systems integrator and service company for $6,8 million (R46,98 million)...

KZN thoroughbred auction to attract SA’s horse racing elite

This year’s July is expected to attract more than 50 000 racing enthusiasts...

Corporate Finance Activity of the Week

Sibanye has successfully completed a $1,05 billion international corporate bond offering which was approximately two times oversubscribed...

How long will it take for your job to be automated?

It raises a troubling question for all of us – when will a machine be able to do my job?

Movers & Shakers -Mmatiki Aphiri

Aphiri has experience in the mining and property sector, specifically on the implications of the Mineral and Petroleum Resources Development Act...

Uber just made is easier for you to tip your drivers

Riders won't be required to provide a tip, but can choose from different suggested tip amounts or enter their own amount...

Thorts - Transversing the boundaries of competition law

In the current times of widespread economic uncertainty, managing regulatory risk is no easy feat...




22 June 2017

The wearable shame of men labelled trash

The scourge of domestic violence, rape, femicide and infanticide are top priorities in my work as Minister of Police. - Fikile Mbalula (Minister of Police)

Revealed! Bell Pottinger got R5.5m for one weekend to ‘help’ ANC, MK in anti-white campaign

It doesn’t get much lower than stirring up racial animosity in the country with the legacy of apartheid hanging around its neck...

From the Inside: Things we learnt in the fire

In the context of this racial madness, the best place to be was Knysna itself, a cocoon of sanity, under a pall of smoke. - By...

Barclays, former CEO charged with fraud

Barclays, Varley and Jenkins were charged with another count in regard to the second round, as well as a separate charge of providing unlawful financial assistance...

SARB governor fights back: Hands off the central bank - if you want to preserve SA economy

As President Jacob Zuma and his clique make noises to change the Constitution, South African Reserve Bank (SARB) Governor Lesetja Kganyago has fought back...

SAA wins for best staff service

We will continue with the introduction of service enhancements to add to a host of improvements such as a family check-in services at OR Tambo International...

AB ‘excited’ to lead T20 side

Although the date of the next ICC World T20 tournament is yet to be confirmed, De Villiers says bilateral T20 series are important...

Older fathers have 'geekier sons'

Men who delay starting a family are more likely to have "geekier" sons, a study suggests...




21 June 2017

Open letter to the 'super-suit without substance', Minister Malusi Gigaba

It’s also emerged in recent days, that Gigaba bulldozed through the Guptas’ South African citizenship, despite previous government officials rejecting their applications...

Rand tanks as Public Protector opens Pandora’s Box on currency laws

The rand tanked after the Public Protector recommended changes to the Constitution that would see the removal of a clause to protect the currency...

Mining Charter sees bloodbath resume on JSE

The mining firms lost over R50bn in market value last week, following the announcement of the Mining Charter...

Absa: No obligation to pay R1.125bn bailout

It relates to SARB’s assistance to Bankorp between 1985 and 1995...

African aviation forum seeks new perspectives

According to the founder and managing director of AviaDev, Jon Howell, 2017 was stated as the year that the skies in Africa would open...

Boks to prepare for French backlash

The Springboks will continue to focus on their own processes and fundamentals during the build-up to the final...

You're not above the law, Mr Armed Response

The thing is, parking on public open spaces is actually, truly illegal. In terms of the Joburg By-laws...

More than 7 500 animals ready for African Animal Ark operation

Trailed by great clouds of dust, a massive convoy of noisy diesel trucks rumbles out of Zimbabwe this week starting on Monday...




20 June 2017

ZAR X: Eyes on second prize

ZAR X, South Africa’s second licensed stock exchange, welcomed its third listing this week...

SA a terrible destination for mining investment

Mining companies may also be getting caught in the cross hairs of local politics and posturing ahead of the African National Congress’s leadership conference...

Your next doctor could very well be a bot

Artificial intelligence is rapidly moving into health care, led by some of the biggest technology companies and emerging startups...

Police spooks threaten to strike

Turmoil is brewing within the police’s crime intelligence unit, with operatives threatening to go on strike...

Thousands left stranded by Johannesburg taxi blockade

Talks between the National Taxi Association and SA Taxi Finance Holdings stalled resulting in taxi drivers turning off their engines...

Coega bucks the trend

Coega Development Corporation has posted impressive performance figures for the 2016/17 financial year...

How they fared – the Springbok performance scorecard

No coach will ever express unreserved satisfaction for the way their team has played, and Bok coach Allister Coetzee is no different...

Bekker 'disappointed' at major debut display

South Africa's Oliver Bekker says he is disappointed after missing the cut in his US Open debut at Erin Hills...




16 June 2017

Corporate Finance Activity of the Week

The fully underwritten rights offer of nine shares for every seven was five times oversubscribed and represented a 60% discount to its closing price the day...

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

Glencore has submitted a proposal to acquire Rio Tinto’s stake in Coal & Allied Industries for $2,55 billion (R32,9 billion). The deal would be funded from...

Fibre for Africa

In February 2017 a consortium comprising of Liquid Telecom and Royal Bafokeng Holdings successfully concluded the R6,5bn acquisition of Neotel, formerly a subsidiary of Tata Communications...

Rafael Eliasov strengthens Cliff Dekker Hofmeyr team

Rafael Eliasov has joined Cliffe Dekker Hofmeyr as a director in the firm’s Corporate and Commercial practice. Eliasov specialises in mergers and acquisitions and employee share...

Telkom's renewal teaches Eskom how to avoid scandalous government

What does Telkom think it's up to? We're all familiar with blaming the line carrier, never mind those responsible for it...

#GuptaFreaks – How the monsters are beginning to eat themselves

It’s been a busy few weeks. Let’s get caught up...

Moneyweb editor Thompson explains how he was played for a fool

Warren Thompson, an editor at Moneyweb, has painted a picture of himself as a gullible pawn in the Bell Pottinger strategy to sow hatred and division...

Aspen loses cancer drug appeal and must pay €5.2m fine

Aspen said it will engage its advisers and consider the matter further against receipt of those reasons...

Johann Botha 'an intelligent and honest man'

A memorial service is expected to be held on Thursday for Johann Botha, the Carte Blanche producer who was shot and killed during a business robbery...

Rand breaks below R12.60/$ on poor US data

It touched R12.59 shortly after the news that the consumer price index in May fell 0.1% on a month-on-month basis...

Lambie not considering retiring, say Sharks

The Sharks have firmly denied that flyhalf Pat Lambie is considering retirement following his latest concussion...

London fire: Twelve dead in Grenfell Tower blaze

Twelve people have died in a west London tower block fire and the number of deaths are expected to rise, police have said...




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