29 June 2018

STAR tightens Tekkie Town’s laces

The retail group has deployed an interim management and support team after management at the footwear chain walked out.

Sibanye-Stillwater to defend against lawsuits

Bernstein Liebhard has filed a suit on behalf of shareholders after the company’s share price fell in response to deaths on its mines.

Exxaro says trade war is supporting coal prices

The company is reassessing the potential for Moranbah South in Australia after it could raise high enough offers for a sale.

Spur says Opa! to Nikos

The restaurant group says Nikos Coalgrill Greek has the potential to expand to around 50 outlets over the next few years.

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

Long4Life has concluded an agreement to acquire the entire issued share capital of Rage Distribution.

Corporate finance activity of the week

Christo Wiese’s Titan Group placed 17 million Shoprite shares with institutional investors valued at R3,6 billion ahead of the company’s closed period next week.

SARS INQUIRY: Pravin Gordhan joins the dots on the world-class revenue service trashed by State Capture

Public Enterprises Minister and former SARS commissioner Pravin Gordhan was the first witness to appear at the inquiry into the running of the revenue authority on...

Serena Williams seeded for Wimbledon, Murray misses out

Seven-time Wimbledon champion Serena Williams has been seeded 25 for this year's women's singles by the organisers despite being ranked 183 in the world.

Thorts – The ups and downs of transacting in Mozambique

Mozambique is a country with much fabled potential. It is endowed with ample arable land, a long coastline...

Movers & Shakers – Ian Petherbridge joins Norton Rose Fulbright South Africa

Petherbridge’s areas of specialisation include matters pertaining to financial institutions, energy infrastructure, mining and commodities...

28 June 2018

Steinhoff asks for more breathing room

If creditors don’t extend their debt standstill arrangement beyond Saturday its European business faces reorganisations procedures in Austria.

Shoprite sinks on Wiese share sale

The business tycoon sold a 2.9% stake in the retailer as part of a delta hedge to protect him from share-price movements.

EOH strategy update stems share slide

The IT services group is preparing to appoint a new CEO of its holding company as it separates into two operating units.

Ansys reports lower profit as it prepares for growth

The digital technology solutions provider has restructured its operations to take advantage of the digital revolution and the Internet of Things.

Equities down but not out

Fund managers say market pullbacks and volatility create opportunities for investors although downside risks have increased...

Brexit bill becomes law, allowing UK to leave the EU

A bill enacting Britain's decision to leave the European Union has become law after months of debate, the House of Commons speaker announced Tuesday, to cheers...

The World Cup Day That Was: #Russia2018: Drama deluxe in Group B as first teams into the knockouts

Catch your breath. And tomorrow we go again.

27 June 2018

The end of the road for Old Mutual PLC

The company has come full circle since its demutualisation and international expansion drive almost two decades ago.

Omnia benefits from Mugabe’s departure

The group’s agriculture businesses were the stand-out performers last year as Zimbabwe, Australia and Brazil all delivered.

Wescoal doubles volumes after Keaton deal

The coal miner says its operations are now close to its near-term target of 8 million tonnes a year run of mine.

Long4Life targets lower LSM market with Rage

The investment group is paying close to R4 billion for the fashion and footwear chain.

amabhungane: What global software giant SAP really knew about the Guptas

Newly leaked documents show that SAP knew it was dealing with the Guptas more than a year before the #GuptaLeaks allegations emerged. Despite acknowledging that its...

Emile Ormond: Success of Ramaphosa's investment drive is out of his hands

Observers should not expect the country's improved image and political risk environment to translate to higher investment rates any time soon.

Mark Heywood: 'No Funds Available': Can South Africa afford its Constitution?

The Constitution of the Republic of SA, as it is officially known, is a justifiably celebrated and much cited document. Nearly 22 years after it was...

26 June 2018

Quilter soars on market debut

The wealth management business started trading yesterday ahead of Old Mutual Ltd’s listing today.

Kumba derailed by stronger rand, lower prices

The iron ore producer says earnings have also been affected by a high number of derailments on the Sishen-Saldanha railway line.

Ascendis to sell businesses following review

The healthcare group has ruled out any form of capital raise as it reviews its capital structure.

The Week Ahead of 26 June 2018

The utility only expects all of its available capacity to be online by Wed 27 Jun, provided of course that no further instances of industrial action-related...

MNANGAGWA ASSASSINATION ATTEMPT DRAMA: Fears for credibility of July elections as Zimbabwe President escapes bid on his life

Zimbabwe's President Emmerson Mnangagwa says an assassination attempt which he survived on Saturday during a rally in Bulawayo was not engineered by locals in the country's...

EVITA'S FREE SPEECH: Ep. 148 - KAKTUS FILES #11: War and Pieces (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 148.

25 June 2018

Naspers accelerates expansion after Tencent stake sale

The internet and media giant plans to reinvest the proceeds from the Tencent stake sale into growing its e-commerce empire.

Steinhoff close to Kika/Leiner sale

The embattled retailer will get up to €490 million for the property assets but next to nothing for the operating businesses of the Austrian retailer.

AngloGold and GoldFields get Ghana go-ahead

AngloGold Ashanti will proceed with the redevelopment of Obuasi while Gold Fields will boost its Ghanaian portfolio with a stake in Asanko

Land Issue: SA gears up for public hearings on land - but logistical challenges are immense

From today, Parliament will embark on six weeks' worth of public hearings around South Africa. The topic: land expropriation without compensation. The aim: to make all...

Immigrants, artists and crying children

Some time ago, I met an Uber driver in Cape Town, an immigrant and refugee from another African country, riven by war. He wanted nothing for...

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