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Suren is a passionate young South African business journalist with a keen interest in property, tourism, retail, media and sports.
Mr Price hits 52-week high as R1.6bn Power Fashion acquisition approved

Mr Price hits 52-week high as R1.6bn Power Fashion acquisition approved

29 Mar 2021 /  Suren Naidoo   
Deal gets green light on condition both retailers boost local procurement through the Department of Trade Industry and Competition’s clothing sector masterplan.
Reserve Bank sends strong signal rate-cutting cycle is over

Reserve Bank sends strong signal rate-cutting cycle is over

26 Mar 2021 /  Suren Naidoo   5
And touts possible increase as early as the second quarter of this year.
Sarb holds repo rate at 3.5%

Sarb holds repo rate at 3.5%

UPDATE
25 Mar 2021 /  Suren Naidoo   8
Decision unanimous.
Nelson Mandela Square gets ‘one of the largest tower clocks in Southern Hemisphere’

Nelson Mandela Square gets ‘one of the largest tower clocks in Southern Hemisphere’

UPDATE
24 Mar 2021 /  Suren Naidoo   19
New attraction at Sandton Central shopping and tourist hot spot.
Attacq’s flagship Mall of Africa devalued by over R1bn in 2020

Attacq’s flagship Mall of Africa devalued by over R1bn in 2020

UPDATE
24 Mar 2021 /  Suren Naidoo   9
But with new lettings even amid the fallout of Covid-19, fund maintains that valuations will recover in time.
Resilient declares half-year dividend of over R2 a share

Resilient declares half-year dividend of over R2 a share

UPDATE
23 Mar 2021 /  Suren Naidoo   4
While many of its listed property peers are withholding interim dividends.
Debt strain forces Attacq to sell further R388m MAS stake

Debt strain forces Attacq to sell further R388m MAS stake

UPDATE
23 Mar 2021 /  Suren Naidoo   7
Property analysts and fund managers will be keen to see where the group’s debt and gearing levels stand when the fund releases its interim results.
Capital Hotels Group in Fairmont Zimbali business rescue coup

Capital Hotels Group in Fairmont Zimbali business rescue coup

UPDATE
18 Mar 2021 /  Suren Naidoo  
Set to buy iconic North Coast resort hotel for R240m and save 143 jobs.
Netcare and Standard Bank in R1bn ‘green bond’ deal

Netcare and Standard Bank in R1bn ‘green bond’ deal

18 Mar 2021 /  Suren Naidoo   1
First of its kind in Africa’s healthcare sector.
New school year sees learner numbers spike 9% at Curro

New school year sees learner numbers spike 9% at Curro

17 Mar 2021 /  Suren Naidoo   3
Continued growth in private schooling in South Africa.
Shoprite says it has created over 4 300 new jobs

Shoprite says it has created over 4 300 new jobs

16 Mar 2021 /  Suren Naidoo   2
Renewed focus on its core home market seems to be paying off.
Sun International pummelled to R1bn+ headline loss by pandemic

Sun International pummelled to R1bn+ headline loss by pandemic

16 Mar 2021 /  Suren Naidoo   4
Following total closure of operations during three-month hard lockdown and ongoing restrictions to trade.
AA warns of over R1-a-litre petrol price hike in April

AA warns of over R1-a-litre petrol price hike in April

16 Mar 2021 /  Suren Naidoo   9
In the wake of spiking global oil prices, a weakening rand and fuel levy increases.
Mr Price in surprise deal to buy Yuppiechef

Mr Price in surprise deal to buy Yuppiechef

UPDATE
15 Mar 2021 /  Suren Naidoo   11
Acquisition will boost its online home and kitchenware offering, to take on the likes of TFG’s upper market @home chain.
Fortress pumps R700m into Poland, plans over R1bn for SA

Fortress pumps R700m into Poland, plans over R1bn for SA

12 Mar 2021 /  Suren Naidoo  
Largely in better-performing logistics property assets.

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