25 October 2017

MTN gets a boost from data as subscribers decline

MTN has recorded strong growth in third-quarter revenue from its data and digital services, making up for a pullback in subscriber numbers.

Diamonds sparkle as Anglo heads for higher 2017 production

Anglo American has had a strong third quarter, growing production of copper and diamonds. It’s lowered its guidance for platinum and coal has disappointed.

Analysis: Firing Ramaphosa could turn into political suicide for Zuma

It is now beyond trite to say that tensions are rising within the ANC, and that the stakes - money, power, lives, an entire country -...

Premier casts its nets for deals

Premier Fishing Brands says the R526.5 million in capital it raised in March’s listing on the JSE has placed it in a strong position to fund...

Oasis says global property yields remain attractive

Oasis says the current dividend yield on global REITs to 10-year bond yield spreads remains attractive.

Stor-age raises R1.3 billion in oversubscribed book build

Stor-age has raised R1.3 billion in an accelerated bookbuild, R400 million more than planned due to strong demand for the company’s stock.

amaBhungane: The McKinsey Dossier, part 5 – How Transnet cash stuffed Gupta letterboxes

When global consulting firm McKinsey "came clean" last Tuesday about its work at Eskom, it admitted it was not careful enough about associating with Trillian, its...

24 October 2017

A bitter pill for Mediclinic as Spire rejects it

Spire Healthcare has shunned an offer from Mediclinic to buy the 70% it doesn’t already own in the UK hospitals group.

Gold Fields lowers full-year target for South Deep

The miner is maintaining its output target despite South Deep miss.

Maize contract and raisin shortage still plaguing Pioneer

Pioneer Foods is still feeling the effect of an unfavourable maize contact it entered into last year.

Bulked up enX says it’s resilient despite tough economy

A spate of acquisitions over the past year have grown enX's revenue fivefold.

Adcorp makes a move on loss-making units

Adcorp says the core of its business remains stable as it takes steps to close down its weaker operations.

The week ahead

SARB governor said last week he believed that none of the three main credit rating agencies would downgrade SA’s sovereign ratings at their reviews in late...

23 October 2017

Group Five sags as Greenbay offer lapses

Group Five has turned away from a R1.6 billion offer for its European business, saying it wasn’t given enough time.

Dis-Chem in robust health as sales jump

Dis-Chem has reported a 13.3% rise in turnover to R9.6 billion for the six months to end August as it opened more stores.

ANC Leadership Race: Rumour mill in overdrive, Ramaphosa lives to fight another day

Deputy President Cyril Ramaphosa's Thursday morning started with rumours doing the rounds that he'd be axed and replaced by ANC MP Nkosazana Dlamini Zuma before the...

4sight snags its first acquisition since listing

The technology holding company has bought engineering technology BluESP for R54.8 million

#CapeWaterGate: ‘I wish we could have acted better’ – DA’s Maimane

Democratic Alliance leader Mmusi Maimane says he's confident that Cape Town won't run out of water. In an interview with Daily Maverick on Thursday, however, Maimane...

Op-Ed: Can South Africa’s constitutional democracy be sustained?

Despite the troubled time that South Africa is going through, it is not on the verge of becoming "just another failed African post-colonial experiment". Far from...

20 October 2017

AngloGold sells underperforming SA gold mines

The transactions will almost halve the company’s SA production.

Quantum Foods shakes off bird flu

The poultry producer has flagged a sharp rise in earnings despite the cost of Avian Influenza.

Who’s doing what in the South African & African M&A space?

Find out this week whats happening in the M&A space with JSE-listed companies, unlisted companies and companies in Africa.

Hammerson goes shopping in Paris

European shopping centre owner Hammerson has bought the 11 000m² Cergy 3 shopping centre next door to its Les Trois Fontaines centre north of Paris.

Lewis goes upmarket in UFO deal

The furniture retailer says United Furniture Outlets will give it access to more well-heeled customers.

Cabinet Reshuffle Analysis: Jacob Zuma, the Disruptor-in-Chief

In one fell swoop President Jacob Zuma rid himself of a political critic and appointed a close ally to a key portfolio in Tuesday's Cabinet reshuffle....

Standard Bank manages costs in tough environment

The bank says results from banking activities had been supported by a benign credit performance in the three months to end September.

Corporate finance activity of the week

Your corporate finance activity of the week includes companies like Super Group, Capital & Regional, Atlantic Leaf and many more.

19 October 2017

BHP Billiton iron ore output hit by Mount Whaleback fire

The world’s biggest miner still expects to reach its full-year production target.

Pan African settles with Barberton workers

Pan African Resources says its Barberton Mine has reached a one-year wage deal with the National Union of Mineworkers.

Cabinet Reshuffle: A worried South Africa responds

President Jacob Zuma's Tuesday Cabinet reshuffle was greeted with almost unanimous concern from quarters unconnected to the ANC. While the axing of Higher Education Minister Blade...

Stefanutti rallies as it flags higher operating profit

Shares in Stefanutti Stocks jumped as much as 13% yesterday after it flagged an improvement in its operating conditions.

Three universities castigated for announcing increases before release of Fees Commission report

Unilateral fees increases for the 2018 academic year by some universities might be a recipe for disaster, warns the Higher Education Transformation Network. By ORATENG LEPODISE.

Pierre de Vos: Fact-checking claims about prosecuting President Jacob Zuma

Since the Supreme Court of Appeal dismissed President Jacob Zuma's bid to appeal against the High Court judgment which declared invalid the decision to drop charges...

Op-Ed: Why does the government hold on to SAA?

It is a truism that governments have no business running an airline. The airline industry is notoriously capital and skills intensive and yet has hair-thin margins....

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