PIC sees more Dangote deals with $7-billion to spend
Africa’s largest asset manager may invest in more companies linked to the continent’s richest man, as it seeks to tap into growing industries.
African Bank rated best buy by analysts
South Africa's biggest unsecured lender is rated highly despite increasing bad debt
Investment body won't say no to nukes
The Public Investment Corporation would consider investing in the proposed nuclear build programme, if a sound business case was presented.
The R1-trillion renaissance man
With R1-trillion under management, Public Investment Corporation (PIC) CE Elias Masilela is arguably the most powerful man in the savings industry.
Political clout might put Telkom right
I never thought I would say this but perhaps it's time to bring General Siphiwe Nyanda back into the communications fold, says Lloyd Gedye.
Cement fracas puts public money at risk
South African cement giant Afrisam is at the centre of a war between local and international investors.
State pension fund questions Freeworld board
South Africa's state pension fund Public Investment Corporation has expressed its concern about Freeworld Coatings' handling of the takeover offer.
Molefe appointed new Transnet CEO
Former Public Investment Corporation CEO Brian Molefe will take over as Transnet's new boss.
Shareholders force Arcelor rethink
ArcelorMittal says its R9-million BEE deal with Imperial Crown Traiding could be revisited.
Just can't get enough
Government clings to JSE investments and places its role of policy director in question.
Conflict management
It was one of Hixonia Nyasulu's past BEE-related investments that got the Sasol board in hot water, hours after announcing her as its chosen leader.
PIC funding disinvestment?
The Public Investment Corporation has supplied the money for two of the biggest disinvestments from South Africa since the apartheid era.
Darkness in the corporate heart
The bigots never tire. For many years they have sought to justify colonialism and slavery in their noble quest to bring civilisation to the heart of darkness. Last week they were at it again. This time their target was Jimmy Manyi, the employment equity commission chairperson. The bigots accuse him of double standards because he works for a company accused of colluding in bread price-fixing.
M&G says Sexwale deal not on the table
Mail & Guardian publisher Trevor Ncube has scotched rumours that Tokyo Sexwale's Mvelaphanda Group is planning to buy a 30% stake in the newspaper. Ncube said that the company was in talks with a number of people, but at this stage, a deal was not on the cards.
AngloGold plans 69,4-million share rights offer
Gold miner AngloGold Ashanti is to proceed with an approximate one-for-four renounceable rights offer, which would result in it issuing approximately 69,4-million ordinary shares at a minimum share price of R172, it said on Tuesday. This would raise gross proceeds of approximately R11,9-billion -- or about $1,6-billion.
SA mines shut down as power crisis worsens
South African gold producers and the world's biggest platinum miner suspended production at all their mines in the country on Friday due to a power crisis, helping send precious metal prices to new highs. Shares in most of the affected firms dived as the government said the power cuts were "a national emergency".
Union concerned about retirement insurance
The retirement insurance industry needs to undergo a fundamental change, the National Education Health and Allied Workers' Union said on Friday. "In the recent past there have been numerous disastrous instances where workers' savings have been wilfully misused and even squandered," said the union in a statement.
Business chief sees positives in power crisis
The new head of Business Unity South Africa said on Wednesday he was "quite happy" about the country's electricity crisis, despite the power cuts and disruption, as it will result in needed change. Brian Molefe said the problems were a "blessing" in disguise that would force policy changes and greater reliance on alternative sources of energy.
Opposition slams Johncom takeover bid
The takeover bid of media company Johncom by Koni Media Holdings -- belonging in part to President Thabo Mbeki's political adviser Titus Mofolo -- was met with strong opposition by the Democratic Alliance and the South African Communist Party on Monday.
Mbeki: Govt not behind Johncom bid
President Thabo Mbeki has denied that the government is behind the Koni Media Holdings' bid to buy media giant Johncom. He described as "irrational" the media storm around the bid by Koni -- which is partly owned by Foreign Affairs spokesperson Ronnie Mamoepa, presidential political adviser Titus Mafolo and former chief of protocol Billy Modise.
