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Telkom terminates potential acquisition talks with Rain
The telecommunications group said the parties had decided a suitable transaction was not possible at this time
Mauritius-based company set to own majority stake in Tongaat Hulett
South African competition watchdog has approved Tongaat takeover – with conditions
Impala Platinum re-enters Royal Bafokeng Platinum buyout bid
The announcement comes just weeks after competitor Northam inked a deal to acquire up to 33.3% of Royal Bafokeng Platinum
Marikana victims mull complaint against Judge Lamont after civil case recusal
Judge Colin Lamont withdrew from the case because of his shares in the mining company Sibanye
Financial conduct body slaps Jooste with R162-million fine
The former Steinhoff chief executive and three others have been fined by the FSCA for insider trading in the days leading up to the company’s 2017 share price crash
Sasol share price spikes as bosses ousted
The company’s share price rose more than 12% in morning trading on Monday when its joint chief executives resigned
Steinhoff shares jump 40%, reach best price in two months
The retailer’s stock is still down by over 95% from where it was before news of Jooste’s resignation reached the market
Naspers’s tricky Tencent conundrum
Analysts say shareholders would win if the media giant unbundled its stake in the Chinese firm
Cash makes a comeback as local stocks lose their shine
Investors have been putting their money into cash-like securities to avoid losses.
Mediclinic drops R3-billion after share sale to fund acquisitions
The company stock dropped 4.7% after a share sale to institutional investors to generate cash for investment opportunities.
Massmart shares up as it anticipates an earnings gain
While other retailers battle with slow growth, Massmart has announced its earnings gained as much as 37% last year.
Pick n Pay shares gain most since 2008 as first-half profit rises
Markets have responded positively to Pick n Pay’s announcement that it has reduced costs and slowed down market share decline.
Discovery profit declines 6% as claims and costs increase
An increasing number of medical aid claims and higher costs saw the company’s full-year profits fall by 6%.
Discovery sees biggest share price fall since 2009
Discovery stock fell more today than in the past four and a half years on expectations of an up to 10% decrease in profit on the year.
Uncertainty hits MTN shares
CFO resigns during an investigation.