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August 06, 2023
Ghana: 'Game-Changer' Obuasi Mine in Ghana Now the Jewel in Anglogold's Crown, Says CEO
One theme that has been emerging in AngloGold Ashanti's results is the improbable recovery of its Obuasi mine in Ghana, which a few years ago was overrun by an army of illegal mine… Read more »
July 25, 2023
South Africa: Kumba CEO Rails At Transnet Inefficiencies After Interim Earnings Fall
Kumba Iron Ore has once again flagged the woes of state-run logistics company Transnet as it unveiled a fall in interim earnings, a decline mostly attributable to lower prices.… Read more »
July 02, 2023
South Africa: Mediclinic Discharges Its Final Set of Results After 37 Years On the JSE
After 37 years of being listed on the JSE, the hospital group Mediclinic was delisted towards the end of May. The delisting followed a £3.7bn buyout by a consortium… Read more »
May 11, 2023
South Africa: Eskom's Age of Chaos and Uncertainty Shows No Sign of End in Sight
While the government and the ANC have promised to fix South Africa's electricity crisis, there is much evidence that President Cyril Ramaphosa is not in control of the situation. Read more »
January 05, 2023
South Africa: Naspers and Prosus Pocket R122bn From Tencent Share Disposal
Naspers and its Amsterdam-based subsidiary have announced an update on their convoluted open-ended repurchase programme, through which they aim to unlock 'immediate value' for… Read more »
December 29, 2022
South Africa: Troubled Tongaat Says Secures IDC Funding to Complete Season and Prepare for Next Year
Troubled sugar producer Tongaat Hulett, which entered business rescue in October, has acquired "post commencement finance" from the Industrial Development Corporation of South… Read more »
November 24, 2022
South Africa: Clicks to Buy Popular Sorbet Beauty Salons' Holding Company for R105m
Retail and pharmaceutical group Clicks plans to buy Sorbet Holdings, which owns more than 190 popular Sorbet beauty salons for R105-million. Read more »
November 13, 2022
South Africa: Ster-Kinekor Pulls Off Mission Impossible By Successfully Exiting Business Rescue
The cinema group's fortunes are on the rise as investors, blockbuster movies and higher audience numbers help pull it out of a financial funk. Read more »
October 04, 2022
South Africa: Four Suspects Charged in North West Court Over Dubious Multimillion-Rand SA Express Contract
Zondo Commission found that an SA Express contract worth R400-million was riddled with procurement irregularities and money was paid for services not rendered. Read more »
September 06, 2022
South Africa: Shoprite Shoots the Lights Out With Loyalty Programme, On-Demand Delivery, Transactional Banking
Although retail giant Shoprite posted record results for the year to July 2022, the market did not respond favourably, with the share price falling more than 7% intraday to close… Read more »
South Africa: The Foschini Group's Latest Acquisition Set to Boost Furniture and Textile Jobs
The local furniture and textile manufacturing industry is set to receive a welcome boost following final Competition Commission approval for The Foschini Group to acquire Tapestry… Read more »
July 28, 2022
South Africa: Anglo's H1 Earnings Fall From Record Highs On Sour Prices and Extreme Weather
Duncan Wanblad's maiden results as Anglo American's CEO were restrained as interim earnings fell 28% from last year's record performance in the face of lower prices and extreme… Read more »
June 29, 2022
South Africa: Tashas Brand Goes Even More Global Expanding to London and Saudi Arabia
The entrepreneur behind the Tashas brand, who spent her childhood shadowing her chef and restaurateur father, has big plans. Read more »
June 28, 2022
South Africa: Tongaat Hulett's Uncertain Future Looms Large
Sugar producer Tongaat's ill-fated capital-raising deal with Zimbabwe's controversial Rudland family is finally over. But where to now for a highly indebted company? Read more »
June 20, 2022
South Africa: Northam Chairman and Former Implats CEO David Brown Dead At 59
David Brown, the chairman of Northam Platinum and former Impala Platinum CEO, died suddenly on Sunday of a heart attack. He was 59. Read more »
June 13, 2022
South Africa: The Inevitable and Unsurmountable Rise of China Is Put to the Test By the Foschini Group
To me, the strange thing about history is not that it repeats itself, or that nobody learns from it, or some other trite adage. The incredible thing is that nobody seems to learn… Read more »
May 30, 2022
South Africa: It's All About Speed Boats, Not Oil Tankers, Says TymeBank Chief As They Reorganise for Growth
Starting a new bank is brutal and brutally complex, says TymeBank co-founder Coen Jonker. And sometimes you need to shuffle your people to get the best out of them, for the best of… Read more »
South Africa: This Week - Marching Against Shell, Tackling Mine Waste and Kicking Butts
Wild Coast communities are marching to the Gqeberha High Court, where the case against Shell and the Department of Energy continues. There's also a seminar on South Africa's mine… Read more »
South Africa: This Fight Isn't Over, Activists Warn As Court Hears Case Against Shell's Quest for Wild Coast Gas
Civil society protests outside the Gqeberha High Court while lawyers fight to have Shell's exploration right reviewed. Read more »
May 29, 2022
South Africa: Cash-Strapped Consumers Drive Pepkor's Low-Cost Retail Profits Up... and Up
Pepkor CEO Leon Lourens says the 19.1% growth in operating profit to R5.7-billion and an 80.5% increase in headline earnings over the past two years point to the group's defensive… Read more »
May 23, 2022
South Africa: John Lamola's Dual Role At SAA Flies in the Face of Good Corporate Governance - Institute of Directors
The chief executive of the Institute of Directors South Africa, Parmi Natesan, noted that John Lamola's appointment as SAA chief executive by the Department of Public Enterprises… Read more »
May 16, 2022
South Africa: SA Reserve Bank Places Ubank Under Curatorship to Prevent Its Collapse
Ubank has enough money to meet the requirements of its customers and depositors - but it doesn't have enough money on its balance sheet, or in reserve, to survive unforeseen… Read more »
May 10, 2022
South Africa: Few Details, No Deadline On SAA Purchase Deal Leaves Public Spending Watchdog in the Dark
The deal with Takatso consortium for 51% of SAA shares remains a work in progress, or live transaction, and commercial sensitivities meant details of the deal were not shareable,… Read more »
South Africa: Ailing Mango Airlines' Fate Still in Doubt While State and SAA Refuse to Fund Restructuring
Sipho Sono, Mango Airlines' business rescue practitioner, is in talks with lawyers about approaching a court to compel the Department of Public Enterprises and SAA to release money… Read more »
May 04, 2022
South Africa: SAA Financials Mia As 51 Percent Share Sale Details Remain Out of Reach - Scopa
While Eskom and its bouts of rolling power outages are an easy target, SAA's lack of financial accountability has flown under the radar since 2018. This raises serious questions… Read more »
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