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/ 16 November 2007
South African media firm Johnnic Communications (Johncom) said on Friday its first-half attributable and headline earnings per share was expected to be 455% to 465% higher than the previous period. The firm said its interim results would be released on November 22.
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/ 12 November 2007
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.
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/ 12 November 2007
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.
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/ 9 November 2007
The JSE continued to advance by noon on Friday as BHP Billiton’s announcement from Thursday flowed through the market. On Thursday, BHP Billiton admitted to having made a play for rival Rio Tinto, which put to rest days of market speculation over whether BHP Billiton was in fact courting Rio Tinto over a potential tie-up.
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/ 5 November 2007
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.
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/ 5 November 2007
The JSE remained weak at midday on Monday, in line with overseas markets as the troubled US subprime housing market continues to unsettle investors worldwide. At noon, the JSE’s all-share index was off 0,96%, resources fell 1.70%, the platinum mining index weakened 1,74%, but the gold mining index added 0,98% as the gold price stayed above $800/oz.
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/ 5 November 2007
Koni Media Holdings on Sunday denied government involvement in its bid to take over media and entertainment company Johncom. ”Koni Media strongly denies any involvement of the Presidency or any other government structures in its bid for a 100% stake in Johncom,” said group CEO Groovin Nchabeleng.
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/ 31 October 2007
The JSE was lower at noon on Wednesday on pockets of profit taking amid caution ahead of the United States interest rate decision later in the day. At noon, the all-share index was off 0,49%. Resources fell 0,96%, the platinum mining index gave up 0,11% but the gold mining index was up 1,70%.
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/ 30 October 2007
The JSE rose modestly at noon on Tuesday as investors became more optimistic that the United States Federal Reserve would cut interest rates, which would bolster Wall Street. Investors cheered the news that Tokyo Sexwale’s Mevelaphanda group plans to buy up to 30% of Johncom’s to-be-formed Opco.
South African media group Johnnic Communications (Johncom) on Tuesday announced a proposed change of name to Avusa, subject to shareholder and regulatory approval. Johncom said the name change to Avusa was relevant because of the ongoing confusion between the company and Johnnic Holdings.