August 24, 2017

FIN 24 – Companies



FIN 24 – Companies

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Companies

In an apparent fire sale of South African assets, the Guptas first saddled-up Mzwanele Manyi with their media interests; now they are pawning off their coal mines to a hitherto unknown Swiss vehicle.
Posted: August 23, 2017, 10:38 pm
"We’ve seen this movie before and we know how it ends – SAA continues to fail and will need more bailouts," says the DA.
Posted: August 23, 2017, 6:08 pm
Brimstone Investment Corporation's interim results have been impacted primarily by the downward valuation of some investments.
Posted: August 23, 2017, 5:25 pm
Tegeta's new owner is United Arab Emirates national Amin Al Zarooni, who wants to expand his growing business empire to South Africa, says Oakbay.
Posted: August 23, 2017, 5:24 pm
The Competition Tribunal has approved a large merger between GroCapital Holdings and the South African Bank of Athens.
Posted: August 23, 2017, 5:19 pm
Finance Minister Malusi Gigaba is discussing the option of selling government’s 39.75% stake in Telkom with three Cabinet ministers, says his spokesperson Mayihlome Tshwete.
Posted: August 23, 2017, 4:06 pm
Deputy President Cyril Ramaphosa has sidestepped a question in Parliament on whether South African Airways will receive a R10bn bailout from government.
Posted: August 23, 2017, 2:54 pm
The Swiss company which bought Tegeta Exploration and Resources, is shrouded in mystery.
Posted: August 23, 2017, 12:04 pm
SAA and National Treasury are briefing Parliament on fruitless and wasteful expenditure at the national airline.
Posted: August 23, 2017, 11:34 am
In a trading update, Pretoria Portland Cement says it has made its first payments totalling $32m towards funding commitments in the DRC.
Posted: August 23, 2017, 8:21 am
Gupta-owned Oakbay Investments has sold Tegeta Exploration and Resources to Swiss-based Charles King SA for R2.97bn, it has announced.
Posted: August 23, 2017, 7:59 am
Investors are using Old Mutual as a way of repatriating their investments outside the country, buying stocks and then moving them to either London or the JSE, say analysts.
Posted: August 22, 2017, 9:45 am
Despite a constrained trading environment, Shoprite Holdings is healthy and doing well across multiple brands and regions, according to CEO Pieter Engelbrecht.
Posted: August 22, 2017, 8:43 am
Yet another scandal means it’s time for some changes in the auditing industry.
Posted: August 22, 2017, 8:18 am
The Financial Sector Regulation Act - also known as Twin Peaks - has now been signed into law.
Posted: August 21, 2017, 4:57 pm
More travelling pet owners are demanding pet-friendly accommodation in the hospitality industry, says the curator of the new Radisson RED Hotel V&A Waterfront.
Posted: August 21, 2017, 2:06 pm
The SA Institute of Black Property Practitioners has launched a property manager certification by the acclaimed US-based Institute of Real Estate Management.
Posted: August 21, 2017, 12:49 pm
Although ADvTECH reported a strong performance in its interim financial results, its schools division was impacted by the underperforming economy.
Posted: August 21, 2017, 10:29 am
Sasol says its Lake Charles chemical project in the US is 74% complete and in line with the revised estimate.
Posted: August 21, 2017, 8:51 am
An auction of rhino horns from the stockpiles of the world’s biggest private breeder will go ahead after the Constitutional Court in South Africa ordered that the government release permits for them.
Posted: August 21, 2017, 8:30 am

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