NEWS ARCHIVES
21 December 2017
Steinhoff hits new low as law suits replace credit lines
Law firms say investors have a case against Steinhoff for misleading investors about its financial situation.
Echo Polska slumps after director is detained
Shareholder Redefine calls for director’s resignation in the interests of good corporate governance.
Cyril Ramaphosa; He got there, eventually.
The news late on Mon 18 Dec that Cyril Ramaphosa had won the election for the13th Presidency of the ANC was met with a huge amount...
Pierre de Vos: How the new ANC leadership can 'recall' Zuma as president of South Africa
President Jacob Zuma has now ended his two terms as president of the African National Congress (ANC), and Cyril Ramaphosa (not perceived to be a great...
#ANCdecides2017: South Africa reacts to election of Ramaphosa
As the ANC election results percolated through South African society, the general response seemed to be one of tentative optimism despite a number of controversial figures...
PBT Group scaling back in Africa
The IT services group expects more losses in the short term as it reduces its base in the Middle East and Africa.
A few ways bots disrupt our lives
So, we’re smack in the middle of the festive season. Have you done your Christmas shopping? Ordered anything online lately?
20 December 2017
Little good news as Steinhoff meets lenders
The group’s shares fall as much as 23% after it says the magnitude of accounting irregularities is still unknown.
Old Mutual Wealth sells Single Strategy to TA Associates
Single Strategy didn’t form part of the core multi-asset business which will be rebranded Quilter Investors next year.
#ANCdecides2017: The Top Six that could have been
It was always a tight race and there were always going to be losers. Here are the leaders that delegates to the ANC's 54th National Conference...
Group Five’s losses widen on Kpone delay
The company will bail the Ghanaian contract out with free cash from its European Investments & Concessions business.
House of Cards: Shaun Abrahams directed by ConCourt not to make decisions regarding Zuma
In many ways a Constitutional Court directive issued on Friday that incumbent-not-incumbent head of the NPA, Shaun Abrahams, not take any decisions with regard to the...
Analysis: What cost the President’s free tertiary education plan?
President Jacob Zuma made the both surprising and utterly unsurprising move on Saturday of releasing his response to the Heher Commission's report on the Feasibility of...
19 December 2017
Rand, JSE rally as Malema confirms it’s a boy
The rand pre-empted a Ramaphosa win, rallying more than 3%.
AMSA to pay CompCom fine in instalments
The steelmaker has renegotiated its payment schedule due to its tough trading conditions.
Transpaco looks to Future in tough packaging market
The plastics and packaging group will pay up to R105 million depending on Future Packaging’s year-end results.
Advanced Health welcomes push for day hospitals
The hospitals group says it’s seen a strong rise in patient numbers but analysts aren’t buying it.
Op-Ed: Undocumented minors – The life and death struggle for education
School is out, and as the class of 2017 await their final results, two young women will be conspicuously absent. One a South African, the other...
Evita's Free Speech: Ep.121 – Evita wears Nasrec fancy dress (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 121. By PIETER-DIRK...
18 December 2017
STAR’s Shoprite deal collapses as Wiese loses control
STAR is talking with other shareholders as Wiese losses his grip on Steinhoff due to a forced share sale.
BONANG MOHALE: Business must participate in national renewal
The past few weeks have been an uncomfortable period for the South African business community. But whatever these instances show, they are not representative of broader...
Uneasy pricing truce between Omnia and Foskor
The fertilizer group accuses Foskor of continuing to flout Competition Ruling on pricing for phosphoric acid.
Altech UEC sale held up by collusion probe
The Altron subsidiary was one of 13 companies targeted in a dawn raid by the Competition Commission.
#ANCdecides2017: The Great Chakalaka Conundrum
In which J. BROOKS SPECTOR attempts to read the future while driving a DeLorean to divine the ANC's and the country's possible future. And once again,...
AngloPlat’s earnings jump on cost reductions
The platinum producer says it’s made significant progress in repositioning its production down the cost curve.
Marelise van der Merwe: Goodbye 2017: The Other News Awards
Each week, Daily Maverick brings you some of the less headline-grabbing events of the world. This week: we're not dishing out trophies as such, but honourable...
15 December 2017
Steinhoff says the rot may go deeper
The group says its 2016 financial statements can no longer be relied upon as Christo Wiese steps down as Supervisory Board chairman.
Lonmin says its board has unanimously recommended Sibanye-Stillwater’s all-share offer for the platinum producer.
PPC decides to go it all as it turns down LafargeHolcim
At least four companies expressed interest in the cement producer but it’s happy to stay single.
The only way President Jacob Zuma's week could be worse is if his Gupta-gotten gains were invested in Steinhoff shares. By PAULI VAN WYK.
Echo Polska on track with retail plan
The Polish-focused real estate company plans to become one of Poland’s leading retail landlords.
BSI Steel reports lower earnings as it plans to delist
The company is on a cost-cutting drive, including the expense of a JSE listing.
Analysis: Why are South Africa’s securocrats so jumpy over Jacques Pauw & Ronnie Kasrils?
There's every indication that South Africa's security establishment has a bad case of the jitters. We're seeing attempts to indict published books, journalists being harassed, and...
SENS
Disposal of 127 Charing Cross Road, London for GBP59.25m
Published date: 02-Feb-2021 09:07:00Result of Placing of existing ordinary shares and preference shares
Published date: 02-Feb-2021 09:07:00YESTERDAY'S BEST READ
The black-empowered investment group has reduced its debt after disposing of a portion of some of its holdings.
Despite returning to profitability, the business bank and financial services group is remaining prudent by withholding an interim dividend.
The banking group says its 2020 profits could halve from a year earlier due to the impact of Covid-19.
