End of chapter for Exclusives – Mail and Guardian
Times Media Group’s recent announcement that it plans to dispose of Exclusive Books and its academic book chain, Van Schaik, because they are “non-core” assets is a thinly veiled attempt to attract buyers for its retail books assets as the industry battles a decline. view article
TMG to take full control of BDFM – Business Report
Pearson, the largest publishing firm, has decided to get rid of its 50 percent stake in the BDFM joint venture, which publishes daily South African financial newspaper Business Day. view article
Weak rand hurts Adcock defence plan – Business Report
The recent weakness in the rand is expected to prevent Adcock Ingram from reaching an informal R2 a share target for interim earnings, which could see shareholders side with Bidvest in its battle for control of the pharmaceutical firm. view article
Activist queries TMG incentive scheme – Business Report
Shareholders of Times Media Group (TMG) gave the necessary approval for implementation of the management incentive scheme at the company’s recent meeting. view article
Rand puts squeeze on Cipla Medpro – Financial Mail
State tenders are becoming a major source of revenue for local drugs firm Cipla Medpro. The group almost doubled its state business from R372m to R693m in the year to December and it expects this to rise to 111bn in the current financial year. http://www.justinbua.com/personal-loan-applications-online view article
Manufacturing activity shrinks – Business Day
Manufacturing activity contracted unexpectedly last month, suggesting that the economy’s second-biggest sector would continue to face hurdles this year from slowing consumer demand and recession in Europe. view article
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
