18 April 2018

CMH pulls ahead in improving car market

The car dealer says an improving economy and the recent interest-rate cut will help cushion the impact of higher taxes on consumers.

Poor harvest for Zeder

A 50% decrease in Pioneer Foods' profit has weighed on Zeder’s earnings for the year to end February.

Sasfin buys stake in Saxo's local FX business

The bank is teaming up with SCMSA’s local management team as Saxo scales back in South Africa.

intu claims record quarter despite bad weather

Since the end of 2017, the shopping centre owner says a number of administrations and restructurings have been initiated by tenants.

Curro expands Gauteng footprint

The private education group has bought Sandburg-Based primary school Cooper College with plans to add a high school.

Cartrack rallies on profit forecast

The vehicle tracking and telematics company has grown subscribers to over three-quarters of a million and expects earnings to follow.

Inside the 'coal supply emergency' at Eskom

Credible reports are being received of alarming coal supply problems at numerous Eskom coal-fired power stations in South Africa's Mpumalanga province.

A bucket list tickoff - St Kilda

St Kilda is an uninhabited volcanic archipelago in the north Atlantic, about 50 miles west of the Western Isles off the Scottish coast. A dual World...

17 April 2018

Consol aims to raise up to R3.5 billion in IPO

The glassmaker says returning to the JSE will give it greater access to capital markets to fund growth and acquisitions.

Venkat ditches AngloGold for Vedanta

The gold miner hopes to have identified a new CEO before Venkat’s departure in August.

ELB soars on renewable energy deal

The engineering group says the plant represents an opportunity for it to deliver what may become a reference biomass power plant for Africa.

4Sight targets China in JV

The technology investment group plans to grow revenue from the Asia Pacific region, which currently accounts for about 1% of sales.

The Week Ahead

Geopolitical tensions erupted last week with the west bombing Syria over the alleged use of chemical weapons by the Assad regime in Syria.

Welcome to the new Daily Maverick

Dear Reader, today we're proud to announce that we are finally giving this precious publication of ours a new look, and with it, a new life.

16 April 2018

Hammerson weakens as Klépierre walks away

The French mall operator is precluded from making an offer for Hammerson for six months due to UK takeover rules.

Grit teams up with Jonah in Ghana

The Africa-focused property fund will be tying up with well-known businessman Sir Sam Jonah as it expands in the West African country

HomeChoice claims digital shopping victory

The direct marketing business says it’s on its way to becoming a leading digital department store.

Trematon to report loss on schools expansion

The company says while it will report a headline loss per share, its net asset value has risen by close to a quarter.

Labour Minister declares May the month of the minimum wage; workers’ reservations ignored

Labour Minister Mildred Oliphant on Thursday dedicated May, celebrated in South Africa's political calendar as Workers' Month, to the national minimum wage. In describing it as...

Analysis: The rebellious side of Patricia de Lille is back – and the DA should watch out

Patricia de Lille's relationship with the DA is on its last legs. The only question remaining is when the final severance will happen - not if....

Marelise van der Merwe: The Other News Round-Up: Sumo other time, ladies

Each week, Daily Maverick brings you some of the world's odder happenings from South Africa and further afield. This week: Sumo is back in the headlines...

13 April 2018

Steinhoff gains on share sale

The group will use the proceeds of the sale of part of its stake in STAR to pay down South African debt.

Group Five changing direction after Ghana loss

The engineering and construction group plans to sell 51% of its construction business to empowered shareholders as it focuses on infrastructure.

Altron on track with disposals

The ICT group says earnings for the year to February have been boosted by its focus on its core businesses.

Rising fuel sales help offset drought at Kaap Agri

Non-agri retail sales continue to show strong growth despite subdued consumer spending and weak growth.

Sport in an INCEtant!

This week’s action had many highs and lows with people around the World waiting in anticipation across all sporting events.

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

Hammerson plc has received a revised proposal from Klépierre, a French real estate investment trust and Europe’s second-biggest publicly traded mall operator.

Corporate finance activity of the week

The company launched an accelerated bookbuild placing 200 million Steinhoff Africa Retail shares at R18.75 per share in a move to refinance or redeem debt within...

Five Fingers for Marseilles: SA’s ghostly Western shoots high

A gun-slinging Western, in Sotho, shot in small-town South Africa. Sounds unlikely, but "Five Fingers for Marseilles" has already received critical acclaim at major festivals in...

Thorts - To bind or not to bind

What follows is a view on the general purpose of an MoU and an outline of important issues to consider when preparing one.

Movers & Shakers - Vusi Mathebula

Mathebula has over seven years’ experience in leveraged, project, commercial property and structured finance, and has advised various international and local sponsors, development institutions and investment...

12 April 2018

Steinhoff to sell down STAR stake

The global retail group says the proceeds of the share sale will be used to settle its remaining South African debt.

Rand tumbles on Trump’s war talk

The rand is seen as a proxy for emerging-market currencies due to its liquidity and is often the first to suffer in a risk-off environment.

Hammerson rebuffs improved Klépierre offer

It says the new proposal is not at a price that justifies further engagement with the French shopping centre owner.

Ivo Vegter: The super-galactic highway to absurdity

Business Report, part of Iqbal Survé's debt-ridden, insolvent and terrifically misnamed Independent Media, has made for hilarious reading lately. Its toady-in-chief has been spouting gibberish in...

South32 to appeal Cerro Matoso ruling

Colombia’s Constitutional Court that it must pay damages for alleged health and environmental impacts on the community surrounding its Cerro Matoso mine.

Interwaste landfill site back to court

The North High Court has granted leave to appeal its ruling that the waste management company’s licence to operate the site is valid.

Operation Fix SoEs: Gordhan replaces Denel board

Public Enterprises Minister Pravin Gordhan on Monday announced a new board for state-owned defence company Denel. The floundering Denel has been implicated in State Capture allegations...

Investing Business Plan

It is important to have a business plan for your share investments and to stick to this plan. Here is how my plan looks.

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