06 December 2017
The pulp and paper group says the acquisition of Switzerland's CPG will provide a platform for future growth.
South32 now expects sustaining capital expenditure of $470 million for the year to June 2018, down from $500 million.
Without basic service delivery and better budget management, gas reserves won't help Mozambique's poorest. By Alex Porter and Zachary Donnenfeld for ISS TODAY.
The shopping centre owner is growing footfall through its malls while the national average shrinks.
The company has executed a debt standstill agreement with creditors and guarantors as it restructures its group with a rights offer and corporate reorganisation.
In less than two weeks the governing African National Congress (ANC) will be holding its national conference, where it will elect a new president as well...
A 73-year-old amputee lives alone in a dilapidated mud home, waiting for a promise of a house. By Nompendulo Ngubane for GROUNDUP.
05 December 2017
Budget clothing chains Pep and Ackermans were the stand out brands in the group, while a turnaround at its furniture and appliance stores also contributed.
While it’s made progress with its turnaround, the financial services group says it’s nowhere near its full potential.
Amid calls for allegations of State Capture to be thoroughly investigated and equally determined efforts to prevent it from happening again, Parliament decided to take on...
The electronics group has returned to profitability despite the weak economy.
The real estate investment trust plans to become a purely retail investment platform over the next three to four years.
While there seems to be a revival of public interest in the fortunes of ANC politics I am not sure that it goes beyond the race...
The "ex" tag attached to Nkosazana Dlamini Zuma is a dismissive, disrespectful attack perpetrated by individuals who have no regard for women and no regard or...
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 119. By PIETER-DIRK...
04 December 2017
The fund manager says it was positioned for a weak economy due to the political situation in the country.
The bank has placed 7% of its Barclays Africa in safekeeping pending its take-up by the PIC.
In the Eastern Cape on Thursday, the ANC overwhelmingly nominated Deputy President Cyril Ramaphosa for president. It's the first of the big provinces to nominate, and...
The bank that was salvaged from ABIL has reported a profit as it takes a more cautious approach to lending.
In August 2014 Lesotho Prime Minister Tom Thabane appointed Atul Gupta as an "economic investment envoy". Thabane said ANC President Jacob Zuma had introduced him to...
Each week, Daily Maverick brings you some of the lesser-reported news from South Africa and further afield. This week: the not-so-festive side of the season.
01 December 2017
Former CEO Sizwe Nxasana was expected to take the helm but couldn’t due to extensive demands on his time.
Consolidated Infrastructure Group has unveiled the full extent of problems at its Consolidated Power Projects division that have resulted in a full-year loss.
The company has raised R200m by way of a private placement of 67,567,568 shares at an issue price of R2.96 per share. The new shares were...
The African retail giant says the Shoprite stake will give it a complementary food and grocery offering.
The gold miner has completed a planned shutdown at the mine two weeks early.
Long4Life has acquired from senior management, Africa Beverage Venture and Raubenbel, 100% of Chill Beverages International, a producer, packer and distributor of a range of beverages.
It says the additional R15 million will strengthen its balance sheet and fund its internal restructuring and growth plans.
Infrastructure as an asset class can provide a distinct addition to African pension and investment portfolios and is increasingly being considered.
30 November 2017
Naspers says its e-commerce businesses are starting to gain momentum, with the result that first-half revenue grew by 17% more than last year.
The agricultural services group added nine new fuel sites to its offering last year and has since bought another three.
Profit is lower as the digital solutions provider positions itself for growing digitisation of the economy.
South African Revenue Service (SARS) Commissioner Tom Moyane maintains that Jonas Makwakwa, Chief Officer for Business and Individual Taxes, had every right to be back at...
The agricultural group says interim results shouldn’t be used to project full-year earnings due to the seasonality of crops.
The AltX-listed processor and distributor of steel products says its size doesn’t justify its listed status.
While South Africa was caught up in the 2010 World Cup frenzy, Free State premier Ace Magashule was allegedly pulling the strings behind a multimillion-rand tender...