NEWS ARCHIVES


11 December 2017

Steinhoff slide continues as Moody’s downgrades it to junk

The share fell 40% to R6 on Friday, taking the week’s losses to 89%, after Moody's lower its rating four notches into sub-investment grade.

FirstRand gets the green light for UK acquisition

The bank expects to wind up its takeover of Aldermore in the first quarter of next year, subject to obtaining regulatory approval.

Aveng sinks after calling off BEE deal

After extended the deadline several times, Aveng’s empowerment partner still hadn’t made an upfront payment

Paul O’Sullivan vs The State: Forensic investigator demands R199-million for unlawful arrest

On April Fool's Day 2016 a posse of Hawks officers dragged forensic investigator Paul O'Sullivan off a plane at OR Tambo International in front of two...

Coal of Africa transitions to MC Mining

The name change is intended to reflect potential growth, particularly of its metallurgical coal prospects.

African Phoenix takes flight

The company set up to hold ABIL’s bad assets has reported a profit from continuing operations.

Op-Ed: A personal glimpse at how MultiChoice cuts, amends and abandons deals

MultiChoice's content procurement has always been obscure. Although little is now known about its ANN7 dealings, it's worth examining its relationship with e.tv to understand why...




08 December 2017

Steinhoff continues to fall as it moves to comfort stakeholders

The group says it can access additional liquidity of €2 billion to shore up its balance sheet.

EOH caught in the crossfire

Shares in EOH continued to fall yesterday, prompting the company to assure investors that all is right within the group.

GroundUp: Drought – Has Cape Town planned properly for Day Zero?

There are several unanswered questions. By Aidan Jones and Nathan Geffen for GROUNDUP.

AngloGold’s Long Island Strategy gets the go ahead

The expansion will increase gold production by 2.1 million ounces and extend the mine’s life by about seven years

Pallinghurst aims for Premium London listing

The mining and marketing company says following its takeover of Gemfields its shareholder base has changed.

Op-Ed: UK must investigate all bank accounts held in London by any SA state-owned company – Peter Hain

In a hard-hitting speech against corruption - from the top - in South Africa, Lord PETER HAIN argued in support of Amendment 69B before the Money...

Top 5 safety tips you need to share with domestic staff

It may be “the most wonderful time of the year”, but it is also the most opportunistic time of the year for criminal activity! Now is...

Ramaphosa: The myths, the man – and the making of a president?

Alongside Nkosazana Dlamini Zuma, immediate past chair of the African Union Commission (AU), who was a Cabinet minister under presidents Nelson Mandela and Thabo Mbeki, Cyril...




07 December 2017

Steinhoff's skeletons crash out of the closet

Share price meltdown as Christo Wiese steps in after CEO Markus Jooste quits over accounting regularities.

Hammersons and Intu to form European retail property giant

The takeover will create the UK’s largest property company with assets of £21 billion.

ANC Leadership Race: With branches’ cards revealed, a tough, tight contest looms

It's set to be a close race in the ANC's national elective conference after the nomination of ANC MP Nkosazana Dlamini Zuma in KwaZulu-Natal - the...

Sanlam ready to weather market headwinds

The group says the outcome of the ANC’s national elective conference this month could add to market volatility.

Schroder targets more Western European acquisitions

The REIT says rental growth is returning to the region, supported by an economic recovery and declining unemployment.

Op-Ed: Beware the dangerous ambitions of the anti-business propaganda campaign

The formal business sector in South Africa has been subjected to a propaganda onslaught that has damaged it. It has painted business as universally corrupt, led...

Op-Ed: A Snake Eating its Tail – South Africa cannot let two Zuma-era travesties get him off his corruption charges, again

If President Jacob Zuma is not prosecuted, after so many years of court wrangling, it will be a travesty and a tragedy. By PAUL HOLDEN.




06 December 2017

Sappi wraps up speciality paper deal

The pulp and paper group says the acquisition of Switzerland's CPG will provide a platform for future growth.

South32 trims capex forecast and sticks to SA plan

South32 now expects sustaining capital expenditure of $470 million for the year to June 2018, down from $500 million.

ISS Today: Natural gas won’t solve Mozambique’s development challenges

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.

Capital & Regional bucks gloomy UK retail trend

The shopping centre owner is growing footfall through its malls while the national average shrinks.

Basil Read freezes debt pending recapitalisation

The company has executed a debt standstill agreement with creditors and guarantors as it restructures its group with a rights offer and corporate reorganisation.

On the ANC constitution and the election of a new NEC: The legal issues

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...

GroundUp: ‘Zuma promised me a house’

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

Steinhoff Africa Retail benefits as consumers shop for value

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.

Alexander Forbes back in the game

While it’s made progress with its turnaround, the financial services group says it’s nowhere near its full potential.

Notes from the House: Parliament shows its mettle with full-scale investigation into State Capture

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...

Ellies’ turnaround is on track

The electronics group has returned to profitability despite the weak economy.

Echo Polska doubles up on Polish retail property

The real estate investment trust plans to become a purely retail investment platform over the next three to four years.

Ben Turok: Waiting for December: The ANC remains powerful, but impatience eating away at loyalty

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...

Jessie Duarte: The Ex Factor: Why Nkosazana Dlamini Zuma remains a good choice

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's Free Speech: Ep.119 – Evita avoids talking sex-things (Video)

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...




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