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SA’s glass packagers face R1.5bn hit from alcohol ban – Consol

18 Jan 2021 /  Nqobile Dludla, Reuters   1
Consol is not yet suspending or cancelling investments, as this will depend on the duration of the ban.

Mediclinic ICUs reaching capacity amid second wave

18 Jan 2021 /  Suren Naidoo   14
Surge in patient numbers in KwaZulu-Natal, Gauteng, Mpumalanga and Limpopo.

A reprieve for the world’s thought followers (that would be us)

18 Jan 2021 /  Ann Crotty   5
Davos delayed – plus a look at trust among citizens and between China and the US, with a word or two about M&R and WBHO as well as Cartrack, Truworths, RCL and Remgro.

Evidence that banks sell repossessed houses for cents in the rand

18 Jan 2021 /  Ciaran Ryan   50
According to an affidavit filed in support of the R60bn class action suit by dispossessed homeowners against major banks.

With movie theatres in limbo, Netflix plans its biggest year yet

16 Jan 2021 /  Lucas Shaw, Bloomberg    1
Streaming service is profiting from the pandemic.

Truworths says half-year profit could fall as much as 9%

15 Jan 2021 /  Promit Mukherjee, Reuters   1
Says UK trading conditions have been exceptionally challenging.

SAB cancels R2.5bn investment

15 Jan 2021 /  Nqobile Dludla, Reuters   1
After latest alcohol ban.

SA stocks stay near record

15 Jan 2021 /  John Viljoen, Bloomberg  
As Naspers offsets weak miners.

Futuregrowth sees Land Bank as threat to state lending

15 Jan 2021 /  Antony Sguazzin, Bloomberg   2
Creditors told they'll need to accept five-year amortising notes.

BAT corruption, bribery probe is dropped by UK prosecutors

15 Jan 2021 /  Stephanie Bodoni, Bloomberg  
'Evidence in this case did not meet the evidential test for prosecution."

Liquidators want more power to probe MTI

15 Jan 2021 /  Roxanne Henderson, Bloomberg   3
Include the right to call witnesses to an insolvency inquiry, appoint investigators and solicit information from banks.

Land Bank reworking debt plan after state guarantee declined

14 Jan 2021 /  Tanisha Heiberg, Reuters   1
The lender has been in talks with creditors since defaulting on its debt in April.

Pieter Boone to replace retiring Pick n Pay CEO Richard Brasher

14 Jan 2021 /  Suren Naidoo   2
Group opts for another international exec for the top job.

Pick n Pay CEO to retire in April

14 Jan 2021 /  Reuters and Moneyweb   1
Richard Brasher has been at the helm for eight years.

Cell C’s expanded roaming agreement with Vodacom ‘part of its new strategy’

14 Jan 2021 /  Duncan McLeod   1
Plans to use both Vodacom and MTN networks to provide cellular services.

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