AdvTech bullish on growth prospects – Moneyweb
When private education conglomerate AdvTech rejected takeover advances from its rival Curro Holdings last year, then CEO (now retired) Frank Thompson’s parting shot was “it’s now business as usual”. The group has posted market-pleasing results for the full-year 2015 with revenue growth of 40% to R2.7 billion. Simon Anderssen comments view article
Metair seeks Russian deal – Business Day
Metair is in talks with a leading battery manufacturer in Russia to help it distribute its automotive parts from Turkey that are barred from entering Moscow due to an ongoing political stand-off between the two nations. The SA manufacturer of vehicle components said it was seeking a 50% stake in the Russian company to halt […]
Sun International: building up a hand – Fin Mail
Sun International’s likely abandoning of the Peermont Global acquisition and the transfer of an existing casino licence to the vibrant Menlyn Maine have lately overshadowed the gaming giant’s efforts to build a niche in Latin America. Dirk van Vlaanderen comments. view article
Sanlam's results see share fall 6% – BDlive
Sanlam said it had R2.3 billion in discretionary capital to invest in growth initiatives, and had an opportunity to raise more capital if there was a need. CEO Ian Kirk said the insurer had not raised capital for some time and the company had explored some options on how it would raise capital, if needed. Justin […]
Barclays Africa expansion plans intact – BDlive
Barclays Africa on Tuesday said it would not be deterred from expansion on the rest of the continent despite its parents’ shareholding in the African operation falling to about 20% in two to three years. Jihad Jhaveri comments. view article
