11 May 2018
Apart from former CEO Markus Jooste, the retailer is considering action against some of its former executives, including reclaiming their bonuses.
Nedbank expects to book a profit from its pan-African associate after last year’s losses weighed on its performance.
The group says it plans to pay its first dividend in three years after making progress with its restructuring process.
The logistics-focused property fund says there’s strong demand in SA and the UK for modern logistics facilities as e-commerce takes off.
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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...
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).
The technology group will only include half-year numbers from Westcon Americas in its full-year results after selling the business.
The weekly corporate finance activity of the week brought to you by DealMakers and sponsored by Cliffe Dekker Hofmeyr
10 May 2018
The tech and media group has sold its stake in the Indian eCommerce company for $2.2 billion after investing $616 million.
The cellphone operator still has €200 million in dividends and loans in Iran which may now be frozen under fresh US sanctions.
The global brewer has lost SA market share in the mainstream segment but is aiming for more of the premium market.
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.
After a spate of acquisitions since listing last February, Long4Life sits with R1.7 billion in cash on its balance sheet.
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...
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 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...
09 May 2018
The hotel and gaming group is launching a rights offer partially underwritten by activist shareholder Value Capital Partners.
The gold producer has sold off most of its South African operations, helping to reduce by 14%.
The Caterpillar dealer says more favourable commodity prices and increased mining activity are boosting demand for its equipment.
The property fund has declared a first-half distribution of 4%-5% in line with market guidance.
Iranian President Hassan Rouhani warned that if the United States quits the nuclear deal then Washington will regret it "like never before", as British Foreign Secretary...
Southern hemisphere rugby's governing body on Monday dismissed as "simply wrong" media speculation that South Africa's Super Rugby teams were set to defect to Europe and...
08 May 2018
Grindrod Shipping will leave berth in a month’s time, with current Grindrod shareholders receiving one GSH share for every 40 Grindrod shares.
The real estate investment trust has lifted its interim distribution by 5.5% but says growth rates need to double for the market to flourish.
It says the offer requires shareholders to respond without knowing the ratio of cash to RAC preference shares they might get.
The group says improved consumer confidence, a better harvest and an expanded store network should result in stronger revenue growth.
The roads and construction group says its order book from SANRAL and local government has shrunk as spending dries up.
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07 May 2018
Analysts say the discount pharmacy chain’s full-year earnings don’t justify its lofty market valuation.
The food producer just met its IPO goal while Consol held back when it couldn’t raise the targeted R3-R3.5 billion.
RECM & Calibre plans to take advantage of Astoria’s NAV discount and will implement its own capital allocation framework at the group.
In the short to medium term, the direct impact of higher import tariffs is likely to be neutral as there is little available capacity.
Unlike the other top 10 nations most frequently voting against the US in the UN, South Africa, in security terms, is viewed as a vital strategic...
Phthisis, silicosis, or simply "underground disease": it's a condition which has robbed South African gold miners of their health and livelihood for over a century. Now,...