NEWS ARCHIVES
21 November 2017
Mr Price styling as its apparel division recovers
Mr Price said a turnaround at its apparel division and Miladys, as well as strong growth in its in-store card MRP Money, helped lift earnings.
Pioneer hit by drought-induced maize hedge
Pioneer Foods has revealed the full impact of an unfavourable maize contract it entered during the recent drought in the north of the country.
Netcare takes a turn for the worse due to UK hospitals
The hospitals group faced large write-downs and weak trading conditions in South Africa and the UK.
Much of our current euphoria in Zimbabwe is misplaced
The message to the Zimbabwe Defence Force must now be - thank you for cleaning up the mess you created but you must now return to...
Astral remains cautious as it bounces back from drought
Poultry prices remained stable over the winter, while feed costs fell, resulting in a big improvement in Astral’s earnings.
Barloworld benefits from uptick in mining demand for its Caterpillar trucks
The group has reported a rebound in mining and infrastructure activity, but its logistics business is under pressure.
Last week was a tumultuous one in southern African politics, as Robert Mugabe’s ruinous 37 year-old reign was brought to an end by the Zimbabwean military.
20 November 2017
Naspers rides on Tencent’s coattails
Naspers is in for a bumper first-half, thanks to strong quarterly growth at its Chinese gaming and Internet associate, Tencent Holdings.
Deneb to take a loss as it cleans up its portfolio
The investment holding company is restructuring loss-making operations
Zimbabwe: Mugabe’s exit strategy on the high-level negotiation table
Embattled Zimbabwean President Robert Mugabe and the military officers who toppled him from power early on Wednesday seemed to be locked in long and bitter negotiations...
Redefine International tops up Hotels stake
Redefine International has increased its stake in International Hotel Properties to 74.1% through the purchase of Redefine Properties’ 15.2% holding in the group.
ANC Leadership Race: Desperate moves at branch level as clock ticks to December
Less than a month stands between sometimes chaotic branch meetings, a rising number of disputes, a consultative gathering by angry party veterans, and the ANC's much-anticipated...
NEPI Rockcastle €500 million bond offering oversubscribed
The property investors plans to use the proceeds for general corporate purses and acquisitions.
State Capture: HSBC continues to investigate its links to Gupta family
HSBC will continue to review the bank's exposure to alleged money laundering of the proceeds of State Capture in South Africa by the Gupta family. This...
17 November 2017
Mediclinic running out of time for Spire offer
he private hospitals group has to announce a firm intention by Monday evening or walk away.
Investec weathers tough economies in SA and the UK
The group’s interims results have been flattered by the rand’s relative strength.
Sales at David Jones have fallen, partly due to store refurbishments, while non-food sales in South Africa are also down.
Sappi wraps up an improved 2017
Sappi is seeing the benefits of growth in its dissolving wood pulp and speciality packaging businesses.
Who’s doing what in the South African & African M&A space?
Your weekly M&A Pulse: News on JSE-listed, unlisted and companies in Africa.
Corporate finance activity of the week
Your corporate finance activity of the week includes Investec Australia, Old Mutual, Interwaste, Sirius Real Estate and Sandown Capital among others...
While it's unlikely that a company changing hands would deliberately conceal any employee costs and liabilities from potential buyers, due to the buyer's unfamiliarity with the...
16 November 2017
Brait works to fix fashion faux pas
The group’s investment in New Look dragged down its first-half results.
Spar optimistic on Swiss turnaround
The Swiss operations reported a better second half, while Ireland compensated for weakness in South Africa.
Zimbabwe: Army chief calls for end to Zanu-PF purges
Army Chief Constantino Chiwenga on Monday called for end to purges in the ruling party, which he says have been causing instability and anxiety in the...
Dipula reports rise in office vacancies in tough economy
Overall occupancies remain stable due to a decline in retail and industrial vacancies.
Greenbay on the look out for infrastructure investments
The property investment group says it's looking for deals after its failed offer for Group Five’s European assets.
Crime stats show highest record of carjacking In 10 years!
Some crime stats in brief - INCREASE: Murder, house robbery, robbery with aggravating circumstances, drug-related offences...
TRAINSPOTTER: New Deal, Old Spiel – Ramaphosa campaigns on saving the South African economy
Um, WHAT economy? By RICHARD POPLAK.
15 November 2017
Netcare hit by weaker UK and impairments
The private hospitals group says full-year earnings will be up to 135% lower than last year due to impairments.
Consolidated Infrastructure slumps as it warns of earnings dive
A confluence of factors has affected profit at its Power Projects division.
Sponsored - Holiday cruise beckons for SA tourists
Ocean Cruising can be likened to the Babotie of holidays - loved by those who have done one, dismissed erroneously by those who haven’t yet!
Capital Appreciation makes inroads in FinTech sector
The company expects its early growth to continue as companies adopt new technologies.
Investec Property Fund battles a tough economy
Investec Property Fund has managed to hold its head above water during the first half of its financial year despite a very challenging market.
ANC Leadership Race: A diminishing spectrum of Zuma’s nuclear options
With the ANC leadership battle now entering its final stretch, it is becoming apparent that it is going to be a nail-biter. For the moment, it...
Analysis: Zuma risks sacrificing higher education at the altar of his ego
President Jacob Zuma is reported to want to introduce free higher education. The poor and middle-class might rejoice, but Zuma's plans will only worsen their plight....
Evita’s Free Speech: Ep. 116 – Evita flags the keepers (Video)
Evita Bezuidenhout celebrates 20 years of her Darling venue Evita se Perron with a weekly episode of Evita's Free Speech. Here's Episode 116. By PIETER-DIRK UYS.