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Richemont’s surge propels SA stocks to all-time high

12 Nov 2021 /  Adelaide Changole, Bloomberg  
The benchmark FTSE/JSE Africa All Share Index rose 1.1% to a record 69 906.47 as of 1:22 p.m. in Johannesburg.

Richemont to cede control of Yoox Net-A-Porter via Farfetch deal

12 Nov 2021 /  Corinne Gretler, Bloomberg  
Richemont shares rose as much as 9.8% Friday after the company also reported first-half earnings that beat estimates.

Eskom on track to split generation and transmission by year end: CEO

12 Nov 2021 /  Promit Mukherjee, Reuters   1
Regulatory approval, Electricity bill amendment still pending.

EasyEquities is focused on getting to one-million accounts

12 Nov 2021 /  Simon Brown  
'We've got the lowest cost of acquisition in the country. We haven't seen anyone who is...lower' – Charles Savage, CEO of Purple Group.

Mediclinic emerges stronger from pandemic

12 Nov 2021 /  Adriaan Kruger  
Is looking to the future with confidence.

Foschini Group rebounds from devastation of Covid and July looting spree

UPDATE
12 Nov 2021 /  Ciaran Ryan  
Operating profit climbed 563% at the interim stage, helped by gains in key market segments.

MultiChoice ekes out subscriber growth as SA underperforms

11 Nov 2021 /  Duncan McLeod  
With most of that growth coming from outside SA.

TFG returns to profit, resumes dividend

11 Nov 2021 /  Nqobile Dludla, Reuters  
After halting them last year and declared an interim payout of 170 cents per share.

Mediclinic’s first-half profit more than triples

11 Nov 2021 /  Promit Mukherjee, Reuters  
Inching close to pre-pandemic levels as people returned for non-Covid treatments.

Thoughts on US inflation, Vodacom and MTN

11 Nov 2021 /  Simon Brown   
While the Vodacom deal is value-accretive, it is a ‘convoluted transaction’ which ‘will increase Vodafone's holding in Vodacom to about 65.1%’: Carmen Mpelwane – Absa Asset Management.

GEPF reaches R2trn milestone

10 Nov 2021 /  Simon Brown  
‘We've got a bias to investing in South Africa Incorporated, so we look at it as a secondary focus area after taking care of our members, pensioners and beneficiaries...The fund will continue to thrive as well’: principal executive officer Musa Mabesa.

Vodacom to buy Egypt unit from parent in R40.86bn deal

10 Nov 2021 /  Loni Prinsloo and John Bowker, Bloomberg  
Expanding the South African carrier’s operations into the north of the continent.

Vodacom to buy into Vumatel, Dark Fibre Africa in R13.2bn deal

UPDATE
10 Nov 2021 /  Duncan McLeod  
On completion of the transaction, Vodacom will hold a 30% equity interest in a newly formed entity, called InfraCo.

Royal Bafokeng opts out of Implats buyout, signs deal with Northam Platinum

9 Nov 2021 /  Fifi Peters  
The final deal ‘essentially unfolded over the past seven days, but there had been previous engagement prior to that’: Albertinah Kekana – CEO, Royal Bafokeng Holdings.

Telkom in talks with strategic partners for IT business

9 Nov 2021 /  Fifi Peters  
The mobile operator looks to collaborate with people who have cybersecurity skills ‘that would ostensibly be global … to make sure that it is not just a technical fit that we work towards, but also a cultural fit’: outgoing CEO Sipho Maseko.
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