NEWS ARCHIVES
21 June 2018
Sibanye-Stillwater commits to improve safety
The gold and platinum miner has reported 20 deaths on its mines since early February despite rolling out a revised safety strategy last year/
Accelerate to consolidate and pay down debt
After year’s of acquisitions, the property fund plans to reduce its loan to value towards its 35% target range.
Macsteel sale to boost AMSA’s earnings
The steel producer says if the deal had been in place last year, its headline loss would have been 11.1% lower.
Stay woke: making sense of shareholder activism
Top execs in some of the world’s largest corporations are vexed at the idea of this rampant shareholder activism. However, a quick skim of Dale Carnegie’s...
Royal Dutch Shell (RDS.B) a high quality high dividend yield company
Shell is a high dividend yield company that has strong medium-term growth potential. Suitable for both the income and growth portfolio...
#Russia2018: Golden Boot standings: The top scorers at the World Cup
The Golden Boot is awarded to the player who scores most goals at the World Cup. This list will be updated as the tournament progresses.
20 June 2018
Rand caught in trade-war crossfire
The currency weakened to its worse since early December as the trade stand-off between the US and China worsened.
M&R shareholders approve Aveng merger talks
ATON said the outcome of the vote was heavily influenced by a major conflict of interest.
The investment group says it will keep the carrying value of the UK women’s fashion chain at zero until its turnaround shows results.
Grindrod in line for Mercantile
The bank says Mercantile would complement its existing financial services offering.
Mining Charter: Minister Mantashe opens a careful new chapter
The draft mining charter is looking to balance policy certainty and stability for the mining industry, benefits to communities and workers, while pursuing transformation not by...
Analysis: AT&T and Time-Warner - a media/communications monster of a future kind
A US federal court decision has allowed the merger of AT & T and Time Warner, in an unprecedented bringing together of electronic pipelines and a...
#Russia2018: World Cup results: Kane spares England’s blushes against Tunisia
Kane you believe that?
19 June 2018
Liberty shares fall after blackmail attempt
The life assurer says there’s no evidence yet that any customers have suffered any financial losses due to its systems being hacked.
ATON cleared for Murray vote today
Shareholders will be asked for their approval for the group to pursue a takeover of Aveng.
The group is still planning an offshore listing to make it easier to access international debt and equity funding.
The impairment of its DRC assets detracted from a strong performance from the cement producer, with profit more than doubling.
Capital targets business market
Capitec is one of a number of parties interested in buying Mercantile as it expands its services.
The Week Ahead of 19 June 2018
The falloff in retail sales may well be a hangover from some pre-emptive buying in Mar ahead of the one percentage point increase in VAT on...
#Russia2018: World Cup highlights: Brazil held to 1-1 draw by Switzerland
Neymar's Brazil were held 1-1 by Switzerland in their opening World Cup game at Rostov-on-Don on Sunday.
#Russia2018: World Cup highlights: Champions Germany stunned in Mexico defeat
Mexico stunned holders Germany 1-0 in their opening World Cup match in Moscow on Sunday.
18 June 2018
Wiese's Invicta provides for SARS settlement
The group has provided a further R400 million against a potential tax settlement as it continues to barter with the Receiver.
STAR reverts to Pepkor as Steinhoff sells Kika-Leiner
Steinhoff is selling its Austrian business to property group Signa after it failed to secure support from creditors, suppliers and credit insurers.
PPC impairs DRC assets after elections uncertainty
The cement producer says infrastructure projects in the DRC are on hold, leading to an oversupply to the local market.
Basil Read enters business rescue
The company has opted for business rescue after banks refused to provide bridge funding, leaving it in financial distress.
GAIA eyes more infrastructure investments
The investment holding company says it has a strong pipeline of investment opportunities yielding above target investment returns.
Analysis: #Russia2018: World Cup goal-scoring trends through the years
We're off and away at the World Cup. It wasn't quite Siphiwe Tshabalala's wonder strike from 2010, but the tournament still went off with a bang....
15 June 2018
Mitsubishi lifts stake in Anglo’s copper project
The Japanese company will pay $600 million to increase its stake in the copper project to 40% from 18.1%.
Kibo’s losses widen as it lines up projects
The mining exploration and energy company is positioning itself as a strategic regional electricity supplier.
PSV close to empowerment deal, recapitalisation
The industrial manufacturing group says Regis will subscribe for shares on the proviso that it introduces a B-BBEE partner.
Judge clears AT&T merger with Time Warner in huge antitrust case
A US judge Tuesday approved the $85 billion merger of wireless and broadband giant AT&T with media-entertainment conglomerate Time Warner, delivering a stinging rebuke to Donald...
Who’s doing what in the South African & African M&A space?
Vodacom has announced a R17,5 billion BEE ownership transaction which will see the company’s BEE partners exchange their current shareholding in Vodacom South Africa (implemented in...
Corporate finance activity of the week
Old Mutual is to proceed with the offer of up to 9.6% of the ordinary shares in Quilter plc. The price range has been set at...
Sport in an INCEtant! 15 June 2018
My stand out moments from last week have to be the amazing performance by Springbok debutant, S’bu Nkosi who scored two tries and helped the Boks...
US, Mexico and Canada to host 2026 World Cup
The United States, Mexico and Canada won the right to host the 2026 World Cup after easily beating Morocco in a vote by FIFA member nations...
KAROO KOS: Karoo Food: Life feels better after digesting this meaty tome
Karoo Food, by Graaff-Reinet based foodie, chef and seasoned 'Karooster', Gordon Wright, sure is one meaty tome. Launched at the annual Stoep Tasting Wine Weekend in...
Thorts - Govt’s stance on M&A public interest issues
The mood of investors has tangibly changed since December 2017, when South Africa's political environment entered a new phase. Land issues aside, investors are feeling more...