Basil Read posts R171m full-year operating loss – Business Day
Basil Read CEO Marius Heyns said yesterday that fundamentally his group was strong and could compete with other construction companies, but that unusual problems had dented its results for the year ended December. view article
Bidvest offer for Adcock a 'cheeky move' – Business Day
Bidvest’s offer to buy a majority stake in Adcock Ingram may signal a “cheeky move” to get its hands on a large pharmaceutical company before the whole drugs industry experiences an uptick. view article
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
Upstart Curro challenges veteran Advtech – Business Day
The battle between listed education companies Advtech and Curro for investors may be closer than first envisaged. 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
African Rainbow Minerals: spectrum of choices – Financial Mail
African Rainbow Minerals (ARM) management has been hinting at acquisitions for several years but has highlighted that with so many commodities of interest, it is impossible to guess specific targets. view article
Bidvest posts solid results for first half – Business Report
Despite economic challenges industrial holding group Bidvest says it remains optimistic that it will deliver another set of solid results in the next six months. 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
