Anglo puts a brave face on radical cost cutting – Financial Mail
ANGLO American might have scored public relations points by paying an interim dividend, but was this wise? After all, the figures for the half year to June hardly painted a picture of a robust mining giant with cash to spare: cash flows from operations have fallen, the outlook for commodities remains weak, assets are being […]
Trim fat, analysts tell Barclays Africa even as earnings surge – Business Day
Barclays Africa Group still had room to cut costs and manage excess capital better to help it reach its return on equity target of 18%-20% in the next financial year, analysts said on Wednesday following the release of its interim results. Jihad Jhaveri comments. view article
Curro to put the screws on Advtech – Sunday Times Business Times
Private schooling group Curro’s bid for its smaller rival, Advtech, may become hostile after the latter’s board rejected the PSG-controlled company’s advances and refused to take the offer to shareholders. view article
AdvTech board under fire – Business Report
Kagiso Asset Management, the second biggest shareholder in takeover target AdvTech, is disappointed that the board of the company had decided not to refer Curro’s offer to all shareholders. Simon Anderssen, a Kagiso Asset Management Investment Analyst, yesterday expressed concern at the AdvTech board’s lack of transparency in the withdrawal of the company’s cautionary. view […]
New twist in Curro bid for Advtech – Business Day
THINGS could get unruly in the JSE’s private school sector where a R6bn takeover proposal may go hostile. On Wednesday PSG-controlled private education group Curro Holdings looked determined to take over smaller rival Advtech by detailing the terms of a premium-priced scrip and partial cash buyout offer at R13 a share. It also inferred the […]
The game is on – Moneyweb
I don’t think so. In a nutshell this was the response from the Curro board following AdvTech’s announcement on Tuesday that it will not refer Curro’s offer to its shareholders for consideration. It summarily withdrew the cautionary relating to discussions between the two companies. Curro responded with a further, more detailed cautionary announcement. Simon Anderssen comments. […]
Netcare: Both shield and sword – Financial Mail
Private health-care provider Netcare not only has the largest share of the local market but has a significant presence in the UK as well, where it is one of the largest providers to the National Health Service. Under CE Richard Friedland, Netcare has become one of the top health-care groups for deals in SA and […]
Naspers sees e-commerce as the key to future growth – Business Day
Naspers will continue to invest significantly in its internet businesses, especially e-commerce, in countries such as India. Chief operating officer Larry Illg said India was a key market that was yet to mature, but was highly competitive. Online or e-commerce shopping in India was growing faster than average. In India, Naspers offers classifieds services, payment […]
One share (Naspers) shines brighter – Financial Mail Top Companies
Naspers has surpassed market expectations and become the first company to break through the R2000/share barrier — thanks to its China-based associate company Tencent. But the share price has reverted to trading under R2000, though it may end the year back at that level. Naspers’ share price is correlated closely with the share movement of […]
