26 March 2019

Naspers plans Euronext listing

The global internet giant hopes to increase value for shareholders while reducing its disproportionate weighting on the JSE.

No April fool as Aspen prepares for A2X

The pharmaceuticals group says listing on the exchange provides the prospect of increasing its shareholder base.

Gemfields eyes London listing

The coloured gemstone group aims to become the “De Beers of coloured gemstones” through its mine-to-market model.

Microsoft severs more ties with EOH

The global software giant has given notice to a number of other EOH companies after terminating agreements with EOH Mthombo last month.

Murray expands in the Americas

The engineering and construction group made the announcement as German suitor ATON extended its mandatory offer by three months.

Lonmin still sees Sibanye as its saviour

Shareholders will get to vote on the transaction if the Competition Appeal Court finds in its favour.

Strike whittles away York Timber’s earnings

The timber producer has reported an interim loss but says revenue that wasn’t generated during the period will be recovered.

The Week Ahead of 25 March

An inverted yield curve in the US suggests a recession may not be too far off.

KayDav rewards shareholders as earnings rise

The group credited better control of costs and credit for a big rise in profit last year.

25 March 2019

Aveng JV loses court bid on Mtentu bonds

A joint venture between Aveng and Strabag International were seeking an order to stop Sanral from making a call on their bonds.

Brait closing out Fleet scheme

The investment holding company is repurchasing shares sold to members of its investment team back in 2011 and repaying bank loans.

Jubilee pushes ahead with Kabwe after buying a refinery

The diversified metals recovery company says buying the Sable Zinc refinery will help it get metal to market faster.

Impairments hit Gemfields’ earnings

The precious stones miner impaired its Kagem emerald mine by $22.6 million due to a new export duty in Zambia.

Business: Why Tencent Missed the Mark on Profit by Most in a Decade

Tencent Holdings Ltd. posted a slump in fourth-quarter earnings on increased spending as its prized games business showed signs of recovery after a brutal 2018.

MAVERICK BUSINESS: Rating agencies are likely looking for changes larger than South Africa's political system can deliver

The language of rating agencies is often obscure; publicly Moody's talks about 'persistent structural challenges' and the risk of 'fiscal slippages in the face of both...

Kibo gets ahead on Benga project

The resources company is progressing with a final review of the power plant project after completing a feasibility study.

GTC benefits from vibrant economies

The real estate investor has a portfolio of retail and office properties in the fast-growing capitals of Eastern and Southern Europe.

22 March 2019

Omnia’s earnings implode as debt rises

The fertilizer and chemicals group will swing to a full-year loss due to a bigger interest bill and a number of once-off charges.

Astoria shareholders back downsizing plan

The investment group plans to liquidate its listed equity portfolio and return capital.

Fortress calls off Resilient deal

The transaction was aimed at loosening ties between the two real estate investment trusts after shareholders raised concerns.

ANALYSIS: Debt is not necessarily a dirty word - but it may be

Several SA companies have suffered big share-price declines over the past year, notably drug maker Aspen and sugar producer Tongaat. The common factor among many of...

CSG warns of lower earnings

The services group gave no reason for the expected decline in profit.

BUSINESS MAVERICK OP-ED: Mark Bristow and his Randgold team tick the right boxes to run the biggest gold merger ever

Mining eats money like competitors eat frankfurters in a hot dog eating competition, writes former mining CEO Peter Flack. This fact and others means that mining...

Insimbi in acquisition talks

The group has racked up a number of acquisitions as it expands its presence in the metal recycling, beneficiation and trading business.

POLL PICKS RAMAPHOSA: ANC 61%, DA 18%, EFF 10% - Ipsos poll

An Ipsos poll indicates that the EFF could be the official opposition in three provinces, that the DA is unlikely to take three provinces, and that...

20 March 2019

Hulamin impairs assets due to tough environment

Despite record production, the aluminium products maker is reducing the value of its assets by a combined R1.45 billion.

Mixed bag from Remgro’s investments

Lower earnings from Total, RCL Foods and Community Investment Holdings offset gains from Mediclinic, Grindrod and FirstRand.

Sasfin cleans up credit book

The financial services group has posted a strong rise in first-half earnings after it took steps to improve its credit processes.

Astoria prepares to scale down

The group says if shareholders don’t approve resolutions at today’s general meeting its performance will continue to be driven by global equity markets.

Alaris flags a better second half

The radio frequency technology company says its orders are lumpy due to long sales cycles.

Netcare sells hospitals to RH Bophelo

Last year’s acquisition of Akeso Clinics was conditional on the sale of the Rand and Bell Street hospitals.

Business: Black Box Shows Similarities in Lion Air, Ethiopian Crashes

Investigators into the 737 MAX Ethiopian Air Boeing 737 Max crash have confirmed what seemed to most aviation regulators from the start; that the crash was...

Business: ANALYSIS: Deutsche-Commerzbank Tie-Up Smacks of Despair

Germany's two biggest banks Deutsche Bank and rival Commerzbank confirmed on Sunday confirmed they are formally discussing a merger, an implicit acknowledgment that both lenders face...

19 March 2019

Sun City casts a shadow over Sun International

The hotels and casinos group expects trading in South Africa to remain subdued due to continued pressure on disposal income.

ADvTECH boosts numbers through expansion

The private education group has grown its presence outside SA, while its staffing business has also profited from the move to alternative markets.

Ascendis to revise strategy if Remedica sale proceeds

The healthcare group has withheld an interim dividend so that it can retain cash and pay down debt.

Grand Parade reviews strategy after Dunkin’ Donuts failure

The investment group blames the poor performance on the challenges of launching a premium brand in a tough trading environment.


Is the Woolies water worth is mettle? Will it amalgamate the value investors need?

The Week Ahead of 18 March 2019

The S&P 500 rose by 2.9% to close at a 2019 high of 2822.5. It is now 20% higher than at its low point on Christmas...

Bell rings up strong global sales

The group is investing in an expanded range of trucks due to strong global demand, while local conditions remain subdued.

Hulamin flags lower headline earnings

The aluminium products manufacturer has revised down expectations for its 2018 results, due out today.

HomeChoice blames Post Office for weak sales

The group says second-half retail sales were impacted by a backlog at the Post Office, which meant its catalogues weren’t delivered on time.

Raven Property eyes growth in Russian e-commerce

The Russian warehouse investor says occupancy levels are benefiting as market fundamentals in the market improve.

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