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LATEST Companies and Deals  

Bezos sells $2.5bn of Amazon and signals more coming

Bezos sells $2.5bn of Amazon and signals more coming

6 May 2021  / Tom Maloney, Bloomberg   
Plans to sell as many as 2m more shares, according to a separate filing.
The departure of the two Brians

The departure of the two Brians

6 May 2021 /  Ann Crotty   6
Brian Gilbertson and Brian Joffe – two men with significantly different styles who have both made major contributions to business.
M&R: Order book could grow to R80bn

M&R: Order book could grow to R80bn

6 May 2021 /  Roy Cokayne    2
But only one of the huge contract awards has been announced.
Fund managers push Standard Bank on climate-change resolution

Fund managers push Standard Bank on climate-change resolution

5 May 2021 /  Antony Sguazzin, Bloomberg   5
Asked to include a resolution on climate-change targets at its May 27 annual general meeting.
Steinhoff seeks R17.35bn from discount retailer Pepco’s IPO

Steinhoff seeks R17.35bn from discount retailer Pepco’s IPO

UPDATE
5 May 2021 /  Swetha Gopinath, Bloomberg   2
Capitalising on increased demand for discount goods amid the coronavirus crisis.
MTN Looks to finalise plan to separate fintech by early 2022

MTN Looks to finalise plan to separate fintech by early 2022

UPDATE
5 May 2021 /  Loni Prinsloo, Bloomberg   1
As the continent’s largest wireless carrier continues to slim down.
SAA subsidiaries to receive funding

SAA subsidiaries to receive funding

5 May 2021 /  Thando Maeko   18
Following the tabling of Special Appropriation Bill.
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?
[Correction] Daybreak Farms article

[Correction] Daybreak Farms article

4 May 2021 /  Moneyweb   
Moneyweb responds to 'Daybreak CEO disputes forensic report' article.
Why EOH walked away from City of Jo’burg SAP contract

Why EOH walked away from City of Jo’burg SAP contract

4 May 2021 /  Duncan McLeod   3
Gave the city forewarning that it would not seek to have the contract extended again without a full new tender being issued.
A new B-BBEE scheme offering from SAB

A new B-BBEE scheme offering from SAB

4 May 2021 /  Ciaran Ryan   7
Extending the legacy of SAB Zenzele with the introduction of SAB Zenzele Kabili.
SAB Zenzele chair: Economy set to rebound after lockdown and alcohol bans

SAB Zenzele chair: Economy set to rebound after lockdown and alcohol bans

4 May 2021 /  Thando Maeko  
Penuell Maduna launches company's broad-based empowerment scheme.
SA listed property rallies to top world table

SA listed property rallies to top world table

UPDATE
4 May 2021 /  Suren Naidoo   15
Sector up more than 20% this year, after pandemic plunge of 35% in 2020.
PPC agrees to sell its lime business for R515m

PPC agrees to sell its lime business for R515m

4 May 2021 /  Roy Cokayne  
Transaction likely to influence its planned R750m rights issue decision.
Sanlam increases stake in Moroccan group

Sanlam increases stake in Moroccan group

3 May 2021 /  Moneyweb   1
Despite the blast in Beirut hurting its performance.

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