Dramatic bid to buy Adcock, Sunday Times Business Times

Adcock Ingram CEO Jonathan Louw was taken by surprise on Thursday evening, the Human Rights Day holiday, when he received an unsolicited bid from Brian Joffe’s Bidvest Group for 60% of the country’s second-largest pharmaceutical company. view article

Metair posts 19% jump in year earnings, Business Day

Automotive parts manufacturer and retailer Metair yesterday reported a 19% increase in its headline earnings per share to R3.10 for the year to December, benefiting from strong vehicle sales growth. view article

A tight race – Financial Mail

The big four banks are shying away from unsecured lending to lower-income groups, but for at least three, unsecured lending to higher-income groups is still a money spinner. view article

Manufacturers edge up with better sales orders – New Age

THE Purchasing Managers Index (PMI), the key indicator of the state of the country’s economic activity, increased for the second consecutive month and rose above the key 50-point mark in February for the first time since August last year. Bad Credit Secure Loans view article

Manufacturing sector strengthens – Herald

THE seasonally adjusted Kagiso purchasing managers index (PMI) improved for the second consecutive month in February, breaching the key 50-point level for the first time since August last year. view article

Subscribe to UP Quarterly