The Investment Management community of South Africa

Calls to leave inquiry to professionals

Fri, 24 May 2013 11:46:00 +0200

The long-awaited inquiry into the private health care industry will finally begin in the second half of the year, following the publication of the terms of reference by the competition commission.
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Tourism needs urgent boost to survive

Fri, 24 May 2013 09:28:00 +0200

Protea Hotels' chief executive Arthur Gillis is not happy about the 60% room occupancy levels across SA's hotel industry.
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Court rules in favour of Redisa

Fri, 24 May 2013 08:40:00 +0200

Government's waste tyre recycling plan is back on track after a Supreme Court of Appeal ruling on Thursday (23 May).
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Beer sales keep SABMiller's profits flowing

Fri, 24 May 2013 07:51:00 +0200

Prospering from emerging markets such as Africa‚ SABMiller on Thursday (23 May) reported a 10% increase in group revenue to US$34.5bn for the year to March.
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Government to grab Zimplat's land

Thu, 23 May 2013 10:56:00 +0200

HARARE, ZIMBABWE: The Zimbabwe government vowed on Wednesday (22 May) it would not roll back on plans to seize 28,000 hectares of land leased to a local subsidiary of the platinum-mining giant Impala Platinum.
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Cape Town spends R180m on Volvos

Thu, 23 May 2013 09:35:00 +0200

The City of Cape Town has awarded the tender worth R180m to provide buses for extended MyCiTi bus routes to Volvo SA, a city official, Brett Herron said on Wednesday (22 May).
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Rebosis gets support for Nthwese deal

Thu, 23 May 2013 09:17:00 +0200

Rebosis Property Fund on Wednesday (22 May) reported overwhelming support from its linked unit-holders with 99.9% of votes cast approving the fund's capital raising scheme to buy the Nthwese property portfolio.
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Mr Price pays dividend of 398c a share

Thu, 23 May 2013 08:02:00 +0200

Retailer Mr Price on Wednesday (22 May) reported a 26% rise in diluted headline earnings per share to 584.8c - up from 464.5c in the previous year - for the 52 weeks ending in March.
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Reunert to curb costs as profits fall

Wed, 22 May 2013 10:56:00 +0200

Electronics group Reunert will continue to focus on "rigorous cost control and act with prudence" over the next six months‚ it said on Tuesday (21 May) when its results for the six months to March were released.
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Synergies required to sell Guardrisk

Wed, 22 May 2013 10:40:00 +0200

Alexander Forbes Equity Holdings subsidiary Guardrisk Holdings was "a gem of a business" and offers for the insurer would only be considered if there were synergies and they would leave Guardrisk in a better position‚ Alexander Forbes' chief executive Edward Kieswetter said on Tuesday (21 May).
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