NEWS ARCHIVES


16 January 2020

Black Friday bodes well for retailers

Retail sales rose more than expected in November as consumers took advantage of specials for early Christmas shopping.

Truworths has tough time at Office

A decrease in sales at the chain of UK shoe shops has detracted from positive growth at Truworths Africa.

Phumelela aims for resolution on betting levy

The horse racing and sports betting group says it may also sell an equity stake to black empowerment partners.

Listless economy puts the brakes on OneLogix

The specialist logistics group has warned of a sharp decline in first-half earnings as pricing and volumes comes under pressure.

New Frontier expects UK uncertainty to continue

The shopping centre owner has breached covenants with its banks due to a decline in the value of its properties.




15 January 2020

Levis man a better fit for Woolies as Moir steps aside

Roy Bagattini, who has spearheaded the turnaround of several companies, will take over as CEO in the middle of next month.

Landlords claim limited exposure to DionWired

Massmart has plans to close as many as 23 of its DionWired stores as part of a turnaround plan for the retail and wholesale group.

Ethos to go ahead with rights issue for Brait investment

Ethos will use the proceeds of its capital raise to help fund its participation in a rights issue Brait has planned.

Chris Gilmour takes a look at what's happening in the markets

The release of Q4 US corporate earnings next week will show whether or not the exuberance of the stock market last year was justified.

Pembury on the lookout for a new FD

The group is selling its loss-making retirement villages operation to help secure the long-term future of the remainder of its business.




14 January 2020

Massmart plans to slash stores and staff

Dion-Wired and some of its Masscash stores will be affected as the retail and wholesale group culls unprofitable units to restore earnings.

New Frontier sells mall to reduce debt

The shopping centre owners says the sale is in line with its strategy to dispose of property to reduce its loan to value ratio.

RDI on track with disposals

The real estate investment trust plans to reduce its exposure to the retail sector while strengthening its balance sheet.

RECM gobbles up Astoria

A number of minority shareholders have taken up a mandatory offer that was triggered as RAC built its stake in the investment firm.




13 January 2020

Prosus left hungry in food delivery eat off

Rival bidder Takeaway.com will now merge with the UK food delivery group to create the biggest food delivery platform outside China.

Less taxing times for MTN Nigeria

Shares rallied after the Attorney General withdrew a letter of demand for billions of dollars in back taxes.

Sibanye-Stillwater takes control of DRDGOLD

DRDGOLD will use the cash for the additional stake to fund the second phase of its West Rand tailings project.

RMI feels the heat from Australian blaze

Subsidiary OUTsurance owns Australian insurer Youi, which is counting the cost of the devastation.

Tharisa holds up despite load shedding

The platinum and chrome producer has maintained full-year production guidance despite a number of obstacles as the year got underway.




10 January 2020

Comair loses altitude as Van Hoven quits

The former Comair chair occupied a board position since 1993 and had an intimate knowledge of the alpine and the aviation industry.

Aveng not taking Leonardo termination lying down

The construction group says it is considering its position and taking advice after Legacy Group moved to terminate its contract for the Joburg skyscraper.

Shareholders back Rolfes buyout

Private equity firm Phatisa will become part-owner of the specialty chemicals group as it prepares to delist from the JSE.




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