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Suren is a passionate young South African business journalist with a keen interest in property, tourism, retail, media and sports.
Construction starts on Richards Bay titanium dioxide plant’s R200m first phase

Construction starts on Richards Bay titanium dioxide plant’s R200m first phase

7 May 2021 /  Suren Naidoo   4
Cairo-based Afreximbank is backing the project with initial funding of $2m (around R28.5m) as is the Department of Trade and Industry.
FSCA apologises to Ovex, says company does not require a financial services licence

FSCA apologises to Ovex, says company does not require a financial services licence

UPDATE
7 May 2021 /  Suren Naidoo   15
‘As its business activities fall outside the current jurisdiction’ of the financial regulator.
Equites increases FY distribution, but stock slides nearly 6%

Equites increases FY distribution, but stock slides nearly 6%

UPDATE
5 May 2021 /  Suren Naidoo   2
Is this reaction linked to profit-taking or disappointment around the group’s SA property devaluations?
SA listed property rallies to top world table

SA listed property rallies to top world table

UPDATE
4 May 2021 /  Suren Naidoo   16
Sector up more than 20% this year, after pandemic plunge of 35% in 2020.
Italtile CEO Jan Potgieter to retire and emigrate

Italtile CEO Jan Potgieter to retire and emigrate

3 May 2021 /  Suren Naidoo   8
Lance Foxcroft, current CEO of subsidiary Ceramic Industries, will take over as group CEO from January 1, 2022.
Pepkor opens 65 new Pep and Ackermans stores

Pepkor opens 65 new Pep and Ackermans stores

30 Apr 2021 /  Suren Naidoo  
As group defends its position in the bustling discount and value clothing retail market.
Pandemic boosts rural and township malls

Pandemic boosts rural and township malls

UPDATE
29 Apr 2021 /  Suren Naidoo  
JSE-listed Dipula Income Fund has benefitted from this Covid-19 trend. But will it last post-pandemic? The fund’s CEO Izak Petersen shares his views …
Emira surges to highest level in over a year following buy-out offer

Emira surges to highest level in over a year following buy-out offer

29 Apr 2021 /  Suren Naidoo   2
CEO says mandatory offer triggered by the real estate fund’s major shareholders now owning over 35%, but there are no plans to delist.
Pepkor expects 20% surge in half-year earnings

Pepkor expects 20% surge in half-year earnings

UPDATE
28 Apr 2021 /  Suren Naidoo  
Strong cash generation sees group slash debt by R8bn since March last year, despite Covid-19.
No major improvement in Durban Port efficiencies, says organised business

No major improvement in Durban Port efficiencies, says organised business

UPDATE
23 Apr 2021 /  Suren Naidoo   6
Following highly hyped presidential visit of the country’s and Sub-Saharan Africa’s busiest port.
Delta confirms R1.8bn portfolio devaluation in restated 2020 results

Delta confirms R1.8bn portfolio devaluation in restated 2020 results

23 Apr 2021 /  Suren Naidoo    2
Scandal-hit Reit says legacy corporate governance failings have effectively been addressed.
South Africa’s private wealth plunges

South Africa’s private wealth plunges

UPDATE
21 Apr 2021 /  Suren Naidoo   23
Africa Wealth Report 2021 estimates around 4 200 millionaires left SA over the past decade, but the depreciating rand and Covid-19 fall-out are also to blame.
City of Cape Town approves R4bn Amazon-anchored development

City of Cape Town approves R4bn Amazon-anchored development

21 Apr 2021 /  Suren Naidoo   26
Online retail giant expected to set up African headquarters at River Club mixed-use precinct.
Imperial to net up to R1.45bn from South American shipping business sale

Imperial to net up to R1.45bn from South American shipping business sale

20 Apr 2021 /  Suren Naidoo   1
Exit forms part of its strategy to focus on its operations closer to home, serving as a ‘gateway to Africa’.
Kennedy Bungane appointed new African Bank CEO

Kennedy Bungane appointed new African Bank CEO

15 Apr 2021 /  Suren Naidoo   4
The appointment has been approved by the Prudential Authority of the South African Reserve Bank

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