30 May 2018

STAR falls on Steinhoff provisions

The retailer says the fall in Steinhoff’s share price meant the risk of liability on its third-party guarantees could no longer be considered remote.

Aveng not throwing in the towel yet

Aveng says merging with M&R would be in the best interests of shareholders and it’s continuing to pursue a deal.

MTN launches Ghana IPO

The offer price values MTN’s Ghanaian operation at about R17 billion.

African Bank's cautious approach pays off

The bank that was formed out of ABIL’s good assets has reported a drop in credit impairments as it focuses on lower-risk customers.

Insimbi benefits from recycling in tough environment

While its foundation business experience a tough year, it was supported by its metals recycling operation.

Italy plunges into political crisis after govt talks collapse

Italy was mired in fresh political chaos after the populist parties' bid to take power collapsed with the president set to appoint Monday a pro-austerity economist...

Trump sees ‘brilliant potential’ for N.Korea as summit prep continues

US and North Korean officials met Sunday at a border truce village as preparations resumed for a high-stakes, high-drama summit that President Donald Trump suggests could...

29 May 2018

Telkom grows mobile as voice falls

The telecoms group invested R7.9 billion in capex last year as it grows its mobile and fibre network.

Fall-off in state business hits Reunert

The ICT and electronics group says there’s been an unprecedented reduction in demand from SOEs and municipalities.

Laas muzzled over ATON takeover offer

ATON has also been told to make a mandatory R17 per share offer to Murray & Roberts’ shareholders.

AMSA offloads Macsteel stake for $220 million

The sale price implies that ArcelorMittal SA’s stake in Macsteel International is worth more than its entire market capitalisation.

Tongaat pushes for stronger tariff implementation

The sugar producer faced unfair competition from imports after the government failed to put proper safeguards in place.

The Week Ahead of 29 May 2018

#ChrisGilmour: The SA Reserve Bank’s Monetary Policy Committee decided last week to keep the repo rate on hold at 6.5%. Although this was widely anticipated, SARB...

28 May 2018

STAR drops Steinhoff guarantee bombshell

The African retail giant says it will report lower first-half earnings after making provisions to deal with Steinhoff’s collapsing share price.

ATON’s Murray bid could signal game over for Aveng

The German group has bought more shares in Murray & Roberts at R17 each and is now obliged to increase its offer to minorities.

Sygnia targets cryptocurrency market

The fund manager says the market for virtual currencies is evolving at a rapid pace, attracting both domestic and international flows.

Hulamin left reeling by robust rand

The rand’s strength at the beginning of the year and so-called metal price lag will more than halve Hulamin’s first-half earnings.

Directorate for Priority Crime Investigation: Godfrey Lebeya, Hawks' new boss, is bad news for organised crime

The welcome announcement on Thursday of the appointment of Dr Seswantsho Godfrey Lebeya to head the Directorate for Priority Crime Investigation (the Hawks) comes at a...

North Korea still open to US talks despite Trump summit cancellation

North Korea said Friday it was still willing to talk to the United States after President Donald Trump abruptly cancelled a summit between the two countries, a...

25 May 2018

Swiss business injures Mediclinic

Conditions for the private hospitals group have improved in the Middle East but Switzerland is now in need of resuscitation.

TFG sinks on weak profit growth

The retail group says consumer and business confidence have been hampered by economic and political uncertainty, here and in the UK.

Fast food slows down for Famous Brands

The group believes that its long-term investment strategy in the UK was sound and that Gourmet Burger Kitchen will add value in time.

Tiger Brands earnings hit by listeriosis outbreak

The group says the factories where its value-added meat products are made will be closed for most of the remainder of its financial year.

Massmart slumps on profit warning

The group expects to report a fall in earnings before interest and tax due to flat sales and an organisational restructuring.

Sport in an INCEtant! 25 May 2018

My stand out moment of last week has to be Hayden Parker’s last minute drop-kick which gave the Sunwolves a shock victory against the Stormers.

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

KAP Industrial has reached an agreement with Sakhumzi Foundation Empowerment Trust and the FWG Pieters Trust in terms of which the two companies will subscribe for...

Corporate finance activity of the week

ATON has acquired an additional 6,600 Murray & Roberts (M&R) shares on the open market at R15.00 per share as per the scheme of arrangement.

Thorts - Potential for solid M&A activity uptick

Against this backdrop, global interest in, and activity around, M&A deals in SA and into Africa increased fairly significantly in the first few months of 2018.

24 May 2018

STAR repays Steinhoff loans

The Africa-focused retail giant raised R18 billion in new financing from local banks and will use R2 billion to fund its operations.

Reinet’s NAV falls on BAT share price dip

Reinet says it continues to take comfort from BAT’s underlying financial results, dividend flows and future prospects.

Tsogo places its chips on an economic recovery

The hotel and casino operator says its underlying operations remain highly geared towards the SA consumer and the corporate market.

Lewis gains momentum

The furniture retailer expects sales to continue improving, helped by a favourable court ruling on affordability assessment regulations.

US to impose ‘strongest sanctions in history’ on Iran

US Secretary of State Mike Pompeo on Monday warned Tehran would be hit with the "strongest sanctions in history" and cautioned European firms against continuing to...

OP-ED: Willemse vs Mallett is but a symptom - we must open rugby to millions

Beyond the walkout that played out on live TV over the weekend, it's time for some introspection about South African rugby's institutional framework that's largely set...

Lowe's (LOW); a solid stock for the Dividend Growth Investor

Lowe’s share price has fallen 20% this year This stock is worth looking at for inclusion in a long-term growth portfolio...

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