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Ellerines

Ellerine jobs saved as regulator recommends Shoprite offer
Article
/ 11 December 2014

Ellerine jobs saved as regulator recommends Shoprite offer

The Competition Commission has recommended an offer by the retail giant to acquire the stores and staff of the failed furnisher.

By Staff Reporter
JD reports loss and halts dividend as credit sales fall
Article
/ 8 September 2014

JD reports loss and halts dividend as credit sales fall

The furniture retailer’s balance sheet was burdened by climbing bad loans and restructuring within the group.

By Staff Reporter
JD Group shares jump on imminent lending unit sale
Article
/ 2 September 2014

JD Group shares jump on imminent lending unit sale

The struggling retailer’s shares rose on news that it had found a buyer for its loan book, allowing it to focus on its retailing and product range.

By Staff Reporter
African Bank splits to isolate loans in Reserve Bank rescue
Article
/ 11 August 2014

African Bank splits to isolate loans in Reserve Bank rescue

The Reserve Bank has placed the sinking lender under curatorship in a bid to save investors.

By Andre Janse Van Vuuren
Freak out: why African Bank’s record loss has left the market unphased
Article
/ 19 May 2014

Freak out: why African Bank’s record loss has left the market unphased

A larger than expected loss has not phased investors who believe better days are ahead for the countries largest unsecured lender.

By Staff Reporter
African Bank to sell Ellerines, raise R4bn to boost capital
Article
/ 5 August 2013

African Bank to sell Ellerines, raise R4bn to boost capital

African Bank Investments aims to raise R4-billion through a Goldman Sachs rights offering and the sale of furniture retailer Ellerines.

By Reuters
Marikana miners in debt sinkhole
Article
/ 7 September 2012

Marikana miners in debt sinkhole

High levels of credit may have contributed to the cocktail of factors that led to the bloody clashes between police and Lonmin strikers.

By Staff Reporter

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