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LATEST South Africa  

Battle lines drawn in fight for Adapt IT

9 Apr 2021 /  Duncan McLeod   1
Shares surged by almost 38% on Thursday on news of the Volaris offer.

Rand retreats from six-week high

9 Apr 2021 /  Olivia Kumwenda-Mtambo, Reuters   1
As the market took a breather after dovish signals from the US Federal Reserve spurred a risk rally.

Rand hits 6-week best, stocks fall on sluggish manufacturing data

9 Apr 2021 /  Mfuneko Toyana and Nqobile Dludla, Reuters  
The Johannesburg All-Share index closed 0.16% lower at 67,053 points, while the Top 40 index fell 0.17% to 61,303 points.

Chambers reject Nersa guideline for municipal electricity tariffs

9 Apr 2021 /  Moneyweb    5
Will be devastating, say some of the biggest business chambers in the country.

Basil Read’s construction business resumes bidding for contracts

9 Apr 2021 /  Roy Cokayne   3
Has been in business rescue since June 2018 after reporting a net loss after tax of R1bn.

SAA BRPs present ‘final’ settlement agreement to pilots

9 Apr 2021 /  Thando Maeko   18
Says parts of the offer – aspects that it wants to pay off over three years – will lapse once rescue process is completed.

Naspers investors want big deals, share buyback

8 Apr 2021 /  Promit Mukherjee, Reuters   2
After Tencent windfall.

SA says Serum Institute of India refunds it for undelivered AstraZeneca doses

UPDATE
8 Apr 2021 /  Wendell Roelf and Alexander Winning, Reuters  
SA expected to get more than 1 million vaccine doses from Johnson & Johnson in April.

SA secures second $1bn Brics Bank loan

8 Apr 2021 /  Prinesha Naidoo, Bloomberg   5
To help finance the creation of employment opportunities.

Citrus export records expected to remain at all-time highs

8 Apr 2021 /  Palesa Mofokeng   3
The industry is estimated to export 158.7 million cartons in 2021.

SA’s top-rated equity fund managers

8 Apr 2021 /  Patrick Cairns, Citywire   10
A look at the managers of local equity funds who currently carry the highest Citywire ratings.

Rebosis surges over 34% on news of possible rescue deal

8 Apr 2021 /  Suren Naidoo   4
Cautionary announcement fuels speculation that embattled property counter could be delisted and ‘taken private’.

Volaris Group makes all-cash bid for Adapt IT

8 Apr 2021 /  Duncan McLeod   
Canada’s Volaris Group offered shareholders R6.50/share in cash on Wednesday for the JSE-listed software services group.

Eskom contracts swapped for party funding, probe finds

8 Apr 2021 /  Bloomberg News    27
Bowmans's report finds there to be ‘a reasonable basis to suspect that Econ Oil’s conduct breached internal Eskom policies'.
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