Shoprite bucks the recession as it gains market share

Shoprite bucks the recession as it gains market share

Shoprite says it’s gained market share over the past year, with 31.9% of the South African market. It credits below average price inflation and subsidising of basic food items to price-sensitive cus - by Stephen Gunnion

BHP Billiton eyes a shale sale as it benefits from higher commodity prices

BHP Billiton eyes a shale sale as it benefits from higher commodity prices

BHP Billiton has benefited from a recovery in commodity prices, cutting debt and lifting its dividend 177% for the year to end June. The proposed sale of its US shale assets also helped send its share - by Stephen Gunnion

Allan Gray is dead wrong - Naspers CEO earns his salary, and then some

Allan Gray is dead wrong - Naspers CEO earns his salary, and then some

Bob Van Dijk engineered the Naspers investment into Frankfurt listed Delivery Hero, generating a rapidfire R1.5bn profit for the group. He, too, is behind the hugely successful bet on India's Flipkart - by BizNewsPM

Restructured Imperial confident it can weather the economic storm

Restructured Imperial confident it can weather the economic storm

Imperial Holdings has reported record revenue and operating profit for its 2017 financial year. However, growth was muted, with revenue up just 1%, while operating profit rose 2%. - by Stephen Gunnion

Dummies' guide to Bitcoin: readers' burning questions answered

Dummies' guide to Bitcoin: readers' burning questions answered

We've received a number of questions on Bitcoin and Ethereum from readers and we've decided to answer some of those queries in this 'dummies guide'. - by BizNewsPM

Group Five swings into a loss vindicating shareholder action

Group Five swings into a loss vindicating shareholder action

Group Five has had a torrid year, marred by the departure of key executives and a boardroom shake-up engineered by its shareholders. It’s now reported a significant loss for the year to June and wit - by Stephen Gunnion

Voluntary offshore disclosures: Final SARS deadline fast approaches

Voluntary offshore disclosures: Final SARS deadline fast approaches

The window period for taxpayers to disclose their offshore assets and income to the South African Revenue Service (SARS) as part of its special voluntary disclosure programme closes on August 31 2017. - by BizNewsPM

Merged property group predicts strong distribution growth

Merged property group predicts strong distribution growth

Newly-merged property giant NEPI Rockcastle expects distributable earnings per share for its 2017 year to be about 17% higher than last year’s pro forma distribution of 41.21 euro cents. - by Stephen Gunnion

M&A activity results for H1 2017

M&A activity results for H1 2017

The value of merger and acquisition activity by JSE-listed companies for H1 2017 was R185,5 billion off 220 deals... - by DealMakers

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

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

African Rainbow Capital has acquired a 20% stake in Rain, a fixed and mobile data network operator... - by DealMakers

Corporate finance activity of the week

Corporate finance activity of the week

The Foschini Group raised R2,5 billion... - by DealMakers

Movers & Shakers - Michael Denenga

Movers & Shakers - Michael Denenga

He will lead the Banking and Finance practice in South Africa and brings with him a team of three associates from law firm Thipa Denenga... - by DealMakers

Thorts - Rescuing dead horses

Thorts - Rescuing dead horses

What can the UK and South Africa learn from each other by comparing the Business Rescue regime with Administration? - by DealMakers

Sasol maintains hedges as it weighs up oil price and currencies

Sasol maintains hedges as it weighs up oil price and currencies

Sasol’s cost-savings programmes show early results as the oil and chemicals group prepares for low oil prices and volatile currencies. - by Stephen Gunnion

South African mines hold back AngloGold’s first-half production

South African mines hold back AngloGold’s first-half production

AngloGold Ashanti’s South African operations have detracted from a positive first-half at its other mines across the globe. It says it's taken decisive action to stem losses in South Africa. - by Stephen Gunnion

Guptas 'sell' ANN7, New Age to Zuma defender Mzwanele Manyi for R450m

Guptas 'sell' ANN7, New Age to Zuma defender Mzwanele Manyi for R450m

The Gupta family has announced that it's decided to sell its media outfits, The New Age and ANN7, to Manyi for a combined R450m. - by BizNewsPM

Growth at ADvTECH schools slows as families emigrate

Growth at ADvTECH schools slows as families emigrate

ADvTECH says enrolments haven’t been as strong as expected in its Schools division due to the difficult economic climate and an unsettled socio-political environment. - by Stephen Gunnion

African Rainbow boosted by rising commodity prices

African Rainbow boosted by rising commodity prices

African Rainbow Minerals expects to report a strong turnaround in its 2017 financial year results. Notwithstanding the rand’s strength against the dollar over the year... - by Stephen Gunnion

OUTA: Time to block state capture, not its opponents like Makhosi Khoza

OUTA: Time to block state capture, not its opponents like Makhosi Khoza

The Organisation Undoing Tax Abuse (OUTA) is concerned that the ANC is moving to block opposition to state capture. - by BizNewsPM

Community - Why you can’t afford not to have a tax-free savings account

Community - Why you can’t afford not to have a tax-free savings account

Most South Africans use money market or fixed deposit accounts for their saving needs. Some people invest in unit trusts to put away part of their income... - by INCE|Community

Gordhan vindicated: Court affirms FinMin can't aid Gupta-bank matter

Gordhan vindicated: Court affirms FinMin can't aid Gupta-bank matter

A court has confirmed what was probably already obvious: that a FinMin can't interfere or step in with the relationship between a bank and its client. - by BizNewsPM

Aveng  punished as it pushes out the release of its 2017 results

Aveng punished as it pushes out the release of its 2017 results

Aveng has again incurred the wrath of investors, who pushed the construction group’s shares more than 7% lower at their worst on Friday after it postponed the release of its 2017 financial results. - by Stephen Gunnion

Afrox shares rally on profit forecast

Afrox shares rally on profit forecast

African Oxygen has had a pretty good 2017 financial year as it increased volumes, benefited from operational efficiencies and earned more interest on money in the bank. - by Stephen Gunnion

Khoza's firing as accountability committee boss exposes ANC underbelly

Khoza's firing as accountability committee boss exposes ANC underbelly

The Zuma-supporting ANC's torching of democracy was never more blindingly obvious than in its firing of outspoken party rebel Makhosi Khoza. - by BizNewsPM

Pan African buffeted by currency headwinds

Pan African buffeted by currency headwinds

Pan African Resources has felt the full effect of the rand’s relative strength over the past year as the currency gained ground against the dollar and the pound. - by Stephen Gunnion

Cash-flush ARB ups dividend despite revenue pressure

Cash-flush ARB ups dividend despite revenue pressure

RB Holdings is feeling pressure from all sides: limited spending on infrastructure has constrained growth at its Electrical Division, while weak consumer confidence... - by Stephen Gunnion