NEWS ARCHIVES
27 March 2018
Murray & Roberts soars on takeout bid
If successful, the deal will lead to foreign direct investment into South Africa of up to R4.5 billion.
Grindrod plans to give GRIN to shareholders
The freight, financial and shipping group wants to proceed with the separation of its businesses and a NASDAQ listing.
Torre continues to weigh on Stellar Capital
A slide in Torre’s share price and a lower valuation for Tellumat have led to a decline in Stellar’s net asset value.
Atlantic Leaf moves into Merseyside
The UK property investor has bought an industrial and office property near Liverpool as it focuses on returns.
4Sight beats forecasts with maiden results
A spate of acquisitions has fuelled higher revenue and profit at the technology investment group.
The US Fed’s FOMC met for the first time last week under the chairmanship of Jay Powell. As expected, rates were increased by 25bp and the...
Ball tampering: Cricket’s moral high ground expropriated without compensation
The door to cricket's moral high ground hit the Australians on their way out, and the sound reverberated through Newlands on Saturday. But let's not be...
Cricket: Proteas deliver us from the tamperance movement
In a series that was dangerously close to being overshadowed by persistent controversy, it was going to take something special to claw back the reason why...
26 March 2018
No Moody blues for South Africa
The ratings agency has maintained its investment-grade rating for the country and has lifted its outlook to stable.
Naspers raises $9.8 billion in Tencent share sale
The Tencent stake Naspers bought for $32 million in 2001 was worth $175 billion last week.
An investigation by amaBhungane and Corruption Watch’s court action mean close to R317 million will be returned to the discus for the benefit of those for...
Choppies doesn’t know what’s in its shoppies
The Botswana-based retailer says it needs to reverify and value its inventories and its trading statement can no longer be relied upon.
The maker of All Joy tomato sauce expects first-half profit to be 167% higher.
Analysis: The EFF vs …............. (insert next enemy’s Name/Acronym/Description)
After the ascent of Cyril Ramaphosa, several members of the commentariat suggested that this would put both the DA and the EFF in difficult positions. Some...
FLIXATION: Inside Brexit’s Bleak House; the (In)Humanity of Ricky Gervais
When avid television bingers go cold turkey on DStv and sign up for Netflix et al - and more such platforms will come our way in...
23 March 2018
The company has pledged not to sell any more shares for at least three years due to its long-term belief in Tencent.
South Ocean hopes for radiance after shakeup
The lights and wiring group plans to sell a stake to black shareholders as it restructures for a turnaround.
Sephaku builds hopes on growth recovery
The cement producer says 2017 profit is down but it expects improving growth to support the building materials industry.
Who’s doing what in the South African & African M&A space?
Old Mutual has agreed to sell its Latin American businesses to China Minsheng Investment Group International based in Singapore. The businesses include Old Mutual Colombia, a...
Corporate Finance Activity of the Week
The company announced its intention to sell up to 190 million Tencent shares to select institutions reducing its stake from 33.2% to 31.2%. The funds will...
Thorts - The likely evolution of FinTech deals in SA
While the term FinTech has become something of a buzzword in financial services circles of late, the concept is certainly not new. In fact, FinTech has...
ISS Today: Trouble in paradise as Mauritius tackles corruption scandal
The president's resignation shows that mechanisms of holding politicians to account are still working. By Simon Allison for ISS TODAY.
22 March 2018
Retailers rally on relaxed rules
The Western Cape High Court found that parts of the National Credit Act were discriminatory and fell foul of the Constitution.
Credit loss hits Sasfin’s earnings
The niche bank and asset manager has reported a sharp drop in first-half profit due to a large credit event related to a single client
Master Drilling launches new technology as it expands offshore
The drilling services specialist says its businesses should benefit from an uptick in the global economy and commodity cycle.
Rhodes in a jam over the drought and the rand
The food producer expects first-half profit to be up to 47% lower due to acquisitions costs, the strong rand and more expensive canned fruit.
Re-deploying funds released from a sale
Enbridge is currently a high dividend yield company, high dividend growth, company that appears to be undervalued. This share may be worth buying.
Back to Gemfields for Pallinghurst as Jupiter lists
The group plans to offload its stakes in Jupiter and Sedibelo Platinum and change its name to Gemfields.
Mining Charter: New Minister, old approach?
Word coming out of weekend talks is that new Mineral Resources Minister Gwede Mantashe is intent on retaining the outline of the controversial Mining Charter championed...
SARS Wars: End of the road for Tom Moyane, one of State Capture’s most loyal foot soldiers
The suspension by President Cyril Ramaphosa of SARS Commissioner Tom Moyane on Monday night brings to an end a 42-months' long reign of terror which not...
21 March 2018
SARS Wars: ‘Rogue Unit’ prosecutor Sello Maema compromised, but NPA is keeping mum
The Priority Crimes Litigation Unit, which has been abused as a key structure within the NPA to target perceived enemies of former President Jacob Zuma and...
Promised Land: How MK vet made farming work for him
Former uMkhonto weSizwe fighter Errol April swapped his AK47 for apples. In 2013, April was given a Western Cape fruit farm to run as part of...
Evita's Free Speech: Ep.134 – Evita on killing three budgets with one kindness (Video)
Evita Bezuidenhout celebrates 20 years of her Darling venue Evita se Perron with a weekly episode of 'Evita's Free Speech'. Here's the Episode 134. By PIETER-DIRK...