18.6 C
South Africa
Friday, July 10, 2020

Steinhoff calls in Moelis and AlixPartners to advise ahead of lenders’ meeting

BERLIN, Dec 10 (Reuters) - Troubled international retail conglomerate Steinhoff , whose shares plunged last week after disclosing accounting problems, said on Sunday it had appointed two...

The extent of Steinhoff’s economic slaughter

Ayanda Mdluli Steinhoff’s butchery of the South African economy was a carefully constructed and engineered collapse that came as a result of a series of...

Steinhoff shares bounce off 14-year low in volatile trade

JOHANNESBURG (Reuters) - Steinhoff shares plunged another 50 percent on Friday, before recovering as traders booked profits on short positions taken out after the...

Aveng terminates agreement to sell stake in Grinaker-LTA

JOHANNESBURG, Dec 8 (Reuters) - South African construction firm Aveng said on Friday it terminated an agreement to sell a 51 percent stake in its Grinaker-LTA...

Steinhoff fall continues to record lows – PIC exposed!

Ayanda Mdluli Steinhoff International Holding’s stock continued its downward trajectory to record lows on Friday morning, prompting the Public Investment Corporation (PIC) and the National...

Equity Express Securities Exchange launches operations

JOHANNESBURG, December 8 – Equity Express Securities Exchange (EESE) said on Friday it had launched operations in South Africa, with Ukhamba Holdings becoming its first...

South Africa’s rand stumbles in bear plays ahead of U.S. jobs data

JOHANNESBURG (Reuters) - The South African Rand weakened early on Friday as the case to sell mounted ahead of the U.S. jobs data, seen...

World Bank cuts Kenya’s 2017 economic growth estimate to 4.9 pct

By Duncan Miriri NAIROBI, Dec 7 (Reuters) - The World Bank has cut its 2017 growth estimate for Kenya's economy to 4.9 percent, which would be the...

China’s growth objectives clash with financial stability goal – IMF

BEIJING, Dec 7 (Reuters) - China should prioritise financial stability above development goals, as pursuit of regional growth targets and helping firms avoid heavy job losses...

Black farmers still at the margins of lucrative markets in SA

Ayanda Mdluli JOHANNESBURG- More than 23 years after the dawn of democracy in SA, only a small fraction of land available for redistribution and finance...

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