NEWS ARCHIVES
21 September 2017
Sasol shares slide as it moves to replace failed empowerment scheme
Sasol's Inzalo scheme, which was due to expire next year, will be replaced with a new one, but there's no payout to shareholders.
Take advantage of 12J tax relief while investing in disruptive technology.
Investing in a Section 12J company gives investors access to sectors that are limited or non-existent in the listed space on the JSE.
Chicken producers in a flap over flu outbreak
Quantum Foods and RCL have confirmed an outbreak of avian influenza at some of their farms in the Western Cape.
Rolfes gets hammered on restatement blip
Rolfes has been forced to restate financial results due to a number of accounting errors and the understatement of impairments.
SARS vs KPMG: Cornered Moyane risks total exposure
On Monday, SARS Commissioner Tom Moyane, barely able to contain his rage, denounced KPMG SA for retracting on Friday the findings and recommendations of its 2014...
Op-Ed: KPMG – Too big to fail?
KPMG is struggling to survive and its recent restructuring and public pronouncements have not helped its cause either.
20 September 2017
EOH shares flip-flop on full-year results
Shares in EOH rallied as much as 5.1% yesterday, before retracing to close 5.4% lower, despite the IT solutions and outsourcing group reassuring investors it was...
Sasfin’s earnings fall on rising impairments, mark-to-market
Sasfin says the weak economy, growing unemployment and the threat of further ratings downgrades are taking their toll on the local banking industry.
Discovery Results Presentation
Discovery CEO Adrian Gore gave another virtuoso performance to members of the Investment Analyst Society at the Wanderers Club. Let me tell you more about it....
amaBhungane & Scorpio #GuptaLeaks: A third Gupta-Transnet ‘kickback’ contract unearthed
Transnet bought seven of the world's most expensive port cranes because its Chinese state-owned supplier inflated the price to pay off the Guptas, a kickback contract...
Forex gains make up for weak sales at Holdsport
Brian Joffe is getting his final glimpse of Holdsport’s performance ahead of a shareholder vote on his offer to buy the sports goods retailer next month.
ANC Leadership Race: KwaZulu-Natal is Ground Zero
KwaZulu-Natal ANC's current leadership is set to fight for survival in a week that will see fierce lobbying and counter-lobbying to stay the effects of a...
19 September 2017
Steinhoff hauled before Dutch court as dispute raises its head again
Steinhoff has received a petition to be investigated by the Enterprise Chamber of the Amsterdam Court of Appeal.
Discovery claims robust health as it moves towards 2018 Ambition
Discovery says new business growth is gaining pace, boosting its profit despite the amount of cash it’s ploughing cash into new initiatives.
Implats begins retrenchment talks at Rustenburg mine
The company has started Section 189 consultation process as it battles to return to profitability in a tough environment for platinum producers.
DAWN shareholders say yay to offer for GDW
Distribution and Warehousing Network is confident shareholders will approve the sale of its 49% stake in Grohe DAWN Watertech to Lixil Corporation.
Interested in what economic indicators are being released this week? Interest rate movements? Equity markets? Company results? #TheWeekAhead by Chris Gilmour
18 September 2017
What companies a Section 12J Venture Capital Company can invest in.
Venture Capital Companies follow a strict and clearly defined set of regulations. In this post, we will look into the investment criteria for a qualifying company.
Curro to unbundle tertiary education division next month
Curro shareholders will receive one Stadio share for each Curro ordinary share held.
70% of SA execs unhappy with business conditions - index
Johannesburg - Business confidence has made a marginal recovery, having dropped 11 points in the second quarter from 40 to 29, it is up six points...
Sibanye-Stillwater blitzing ahead with US project
Sibayne-Stillwater says it’s making good progress on the development of the Blitz project at its US platinum group metals operations in the US.
AngloGold deal could stave off Kopanang closure
AngloGold Ashanti says it’s received unsolicited expressions of interest for its Kopanang Mine, which is being put on care and maintenance.
GroundUp: Gordhan urges South Africans to be informed about Eskom
Simple booklet explaining the Eskom Inquiry has been published. By William Yoder for GROUNDUP.
15 September 2017
Aspen benefits from convalescing SA and expanded drugs portfolio
Aspen has benefited from a recovery in its South African business and a growing portfolio of anaesthetics drugs.
Dangote wants to cement a deal with PPC
PPC has confirmed that one of the additional two bidders keen on making an offer for the cement producer is Aliko Dangote’s Dangote Cement.
Who’s doing what in the South African & African M&A space?
Find out whats happening this week with JSE listed companies, unlisted companies and companies in Africa.
DAWN rallies on deal to sell Grohe stake
Shares in DAWN clawed back some of their recent losses after it said it had sealed a deal to sell its 49% stake in GDW.
Declassified: Apartheid Profits – Pretoria’s beehive in Paris
This is the seventh edition of the Open Secrets' series, Declassified: Apartheid Profits.
Corporate finance activity of the week
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Thorts - Collective Bargaining
While it appears unlikely that violent strikes will be declared unprotected in South Africa any time soon, some tentative but encouraging steps are being taken...
Movers & Shakers - Filipa Serra & Gonçalo Noronha Andrade
Find out who your movers and shakers are this week in the M&A Pulse broght to you by DealMakers.
National Development Plan: Five years on, are celebrations really in order?
This month marks five years since the government's National Development Plan was adopted by Parliament - and a spirit of celebration is in the air.