Nampak buys can operation in Nigeria – Business Day

Nampak has bought Alucan Packaging, a beverage-can operation in Nigeria, funding the deal through existing cash resources and debt facilities. Africa’s largest packaging group also said yesterday it had been granted an option to acquire a leading rigid plastics company in West Africa’s largest economy. view article

Biegsessie oor mikrolener sondes – Sake Rapport

Ellerines was die swak plek, erken Leon Kirkinis, uitvoerende hoof van African Bank (Abil). Abil het hom in 2008 gekoop en daar was altyd ongelukkigheid daaroor onder beleggers. Vroer vanjaar het Abil uiteindelik aangekondig hy is nou ernstig daaroor om Ellerines to verkoop. view article

What value does your fund manager add? – Moneyweb

The debate around fees in the unit trust industry is an important one. It is right that investors should be aware of how much they are paying and asking questions about what they are getting in return. But they also need to be asking the right kinds of questions. view article  

Nigeria te uitdagend – Sake 24

Woolies onttrek hom oor swak infrastruktuur, huurkoste Ian Moir Kaapstad. – Nigerie is toe nie die land van melk en heuning nie. “Woolworths is nie ‘n maatskappy wat gehalte inboet nie. Die besluit om hom aan Nigerie to onttrek, is in die belang van die groep en sy aandeelhouers,” se Abdul Davids, hoof van navorsing […]

Will Vodacom take the gap? – Mail & Guardian

Vodafone’s interests in Africa maybe up for grabs if AT&T does acquire its European operations. A shake-up of the telecommunications landscape in Africa may be in the offing after United States giant AT&T said in an interview with Bloomberg that it was interested in acquiring United Kingdom listed Vodafone. AT&T said, though, that it was […]

ArcelorMittal in 'positive cash position' – Business Day

Steel producer ArcelorMittal SA says despite fairly weak trading conditions, it saw a rise in headline earnings to 50c per share in the third quarter ended September, and a positive cash position. But net cash fell sharply to R575m from the R1.1bn seen in the preceding quarter, following the normalisation of working capital after a […]

Mondi expects 25% profit rise in better market – Business Day

Mondi yesterday said in its interim management statement, from the end of June to end-September, that underlying operating profit was expected to rise 25% despite scheduled maintenance shutdowns during the second half of this year that will cost up to €60m. The global packaging and paper group estimates an underlying operating profit of €172m for […]

Subscribe to UP Quarterly