NEWS ARCHIVES
16 May 2018
Investec Property Fund bemoans weak economy
The fund says the positive shift in business and consumer sentiment isn’t likely to results in higher growth rates in the short term.
Buoyant Australian market boosts Investec Fund
Positive conditions in Australia and New Zealand and strong foreign capital flows are creating opportunities for the Investec Australia Property Fund.
AYO likely to miss listing guidance
The ICT group says while it expects an improved second-half, it's unlikely to meet expectations in last year’s pre-listing statement.
Accounting woes plague Trencor
The container group expect to report a loss for 2017 due to different accounting standards in SA to the US.
If South Africa's new energy plan contains nuclear power as part of the country's future energy mix, it suggests that State Capture is still embedded in...
OP-ED: Pravin Gordhan's Hobson's Choice at SAA
Each new SAA CEO has been appointed with much fanfare and the expectation that this time it will be different. Yet it never is. The losses...
15 May 2018
Vodacom focuses on content and fibre to replace lost data revenue
New regulations will limit the group’s ability to charge higher out-of-bundle rates for data.
Lonmin vigilant with cash ahead of takeover
The platinum producer says a takeover by Sibanye-Stillwater will create a more resilient company that is better able to withstand short-term volatility.
Netcare sees SA recovery after UK exit
The hospitals group says the decision to exit the UK will leave management focused exclusively on its SA operations and other emerging growth opportunities.
The affordable housing developer says a joint venture with Afhco has also created an anomaly in its financial statements.
Sappi battles to meet rising demand for its products
The group is looking for more opportunities to increase its capacity for dissolving wood pulp due to strong demand and positive markets
#ChrisGilmour: Having raised interest rates to 40% the previous week, Argentina went cap in hand to the IMF for relief after it became obvious that hiking...
14 May 2018
Steinhoff continues to unravel
Market analysts say they don’t view Steinhoff as investable due to a lack of visibility on its net asset value, earnings and cash flow.
AMSA calls for building codes to halt inferior imports
The steel producer claims that low standard gauge imports are being used in the informal roofing market.
Ansys rebrands to fit new strategy
The digital technology solutions provider is positioning itself for growing digitisation of the economy
Trump ‘fixer’ Michael Cohen now the target of prosecutors
As Donald Trump's longtime personal attorney, Michael Cohen earned a reputation as the "fixer" for the Manhattan real estate tycoon and a pit bull defender of...
MOTORING: Hyundai Grand i10: Hardly grand, but worthy
Grand isn't a word usually associated with small cars - but it's how Hyundai designates its i10 hatchback. Fortunately, there's more to this tiny tot than...
Tiara Walters: COMMA CHAMELEON: Spell check - Friend or faux?
Your electronic typo spotter is only as good as your proofreading skills - which is not always a good thing in the business of sound reputation...
11 May 2018
Apart from former CEO Markus Jooste, the retailer is considering action against some of its former executives, including reclaiming their bonuses.
Ecobank turnaround lifts Nedbank
Nedbank expects to book a profit from its pan-African associate after last year’s losses weighed on its performance.
Altron to resume dividends after restructuring
The group says it plans to pay its first dividend in three years after making progress with its restructuring process.
Equites rides the e-commerce wave
The logistics-focused property fund says there’s strong demand in SA and the UK for modern logistics facilities as e-commerce takes off.
The 10 richest people in the world
Wondering who the richest people in the world are right now? So was I... see inside!
Sports in an INCEtant! 11 May 2018
Over the past week, sporting fanatics around the globe were treated to entertainment of the highest quality. For some, the last week provided many reasons to...
The value of M&A activity involving companies listed on SA’s various exchanges during the first three months of 2018 was R130,6 billion, up from the R80...
Who’s doing what in the South African & African M&A space?
Naspers has disposed of its entire 11.18% stake in Indian ecommerce company Flipkart Online Services to US-based retailer Walmart for $2,2 billion (R27,5 billion).
Datatec takes a drubbing on loss warning
The technology group will only include half-year numbers from Westcon Americas in its full-year results after selling the business.
Corporate finance activity of the week
The weekly corporate finance activity of the week brought to you by DealMakers and sponsored by Cliffe Dekker Hofmeyr
10 May 2018
Naspers sticks Flipkart in Walmart’s trolley
The tech and media group has sold its stake in the Indian eCommerce company for $2.2 billion after investing $616 million.
MTN in the crossfire as Trump goes nuclear on Iran
The cellphone operator still has €200 million in dividends and loans in Iran which may now be frozen under fresh US sanctions.
AB InBev cracks a Bud ahead of kick off
The global brewer has lost SA market share in the mainstream segment but is aiming for more of the premium market.
UK exit muddies Netcare’s numbers
A number of once-off non-trading items will result in a surge in first-half earnings per share and a slump in headline earnings.
Cash-flush Long4Life pays maiden dividend
After a spate of acquisitions since listing last February, Long4Life sits with R1.7 billion in cash on its balance sheet.
ANALYSIS: DA's chosen method of removing De Lille smacks of desperation
One of the most frustrating aspects of the Patricia de Lille saga for some City of Cape Town insiders has been De Lille's creation of a...
Newsdeck: Wenger ‘surprised’ at job offers as he prepares for Arsenal farewell
Arsene Wenger said Tuesday he has been surprised at the number of job offers he has received since his departure from Arsenal was announced, urging the...
Starbucks (SBUX) and Nestle in the news with an alliance deal
Starbucks is currently trading below its long-term P/E ratio The Nestle alliance announced this week is expected to add value to SBUX revenue. Now may be...