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Shoprite sees better South African trade with market-share gains

3 Aug 2020 /  Janice Kew, Bloomberg   1
Even as the main lower-income customers of Africa’s largest food retailer battle with the impact of an economic slowdown.

Sharing out the Steinhoff crumbs

3 Aug 2020 /  Ann Crotty   12
For the intricate corporate artistry of it alone, the complex settlement deal announced last week deserves to succeed.

SA’s increasingly jaded corporate governance

3 Aug 2020 /  Ann Crotty   2
The regulatory muscle being flexed by the bourse, and questionable claims of independence by some corporates.

Outgoing MTN CEO Rob Shuter to join BT Group

31 Jul 2020 /  Duncan McLeod   3
Shuter will replace Gerry McQuade at BT Enterprise.

BAT earnings growth shows tobacco’s resilience

31 Jul 2020 /  Corinne Gretler, Bloomberg   1
Tobacco again showed its ability to withstand a crisis, even though the outlook is a bit more muted than at the start of the year.

Strive Masiyiwa struggling to sell Liquid Telecom stake

31 Jul 2020 /  Loni Prinsloo, Bloomberg   2
Needs the money to repay a R6.3bn loan backed by the PIC.

Stefanutti Stocks reports more than R1bn loss

31 Jul 2020 /  Roy Cokayne   6
And raises R1.18bn in provisions, including a further R462m for controversial Kusile contract.

Steinhoff’s first-half loss more than doubles to $1.7bn

30 Jul 2020 /  Nqobile Dludla, Reuters   1
It reported a small rise in sales to 6.2 billion euros from 6.1 billion euros a year earlier, held back by fewer stores and shoppers.

ArcelorMittal SA falls deeper into half-year loss as steel demand falls

30 Jul 2020 /  Tanisha Heiberg, Reuters   6
The company said it expected steel demand to be at between 70% to 75% of pre-lockdown levels for the foreseeable future.

Sasol’s debt reduction programme on track

UPDATE
30 Jul 2020 /  Adriaan Kruger   5
Petrochemicals company to net around R8.5bn from sale of air plant.

Business interruption claims to cost Old Mutual over R650m

30 Jul 2020 /  Suren Naidoo   10
Group makes 'settlement’ offer in the wake of financial regulators reaching a landmark agreement with insurers to assist virus-hit small businesses

Pandemic pressure on Accelerate’s rent collections

29 Jul 2020 /  Suren Naidoo   2
Group withholds full-year dividend and considers similar move for 2021.

FNB wants you to ditch your physical cards

29 Jul 2020 /  Hilton Tarrant   20
And why new virtual credit/debit cards are more secure….

JSE censures and fines EOH R7.5m for past reporting errors

29 Jul 2020 /  Duncan McLeod   5
Lack of governance and oversight during the previous management's tenure resulted in irregularities and fraudulent contracts, among other things - JSE.
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