It is ironic that coal fired power plants contribute to climate change which could result in the malfunctioning of the power plants, writes Melanie Verwoerd.
Scattered clouds. Cool.
Paul Roelofse 'led a number of pioneering transactions during his banking career,' the group said.
Due to "inadvertent errors", the initial results of a recent shareholder vote at Brait were wrong.
Billionaire Christo Wiese has received more bad news as shares of the investment company in which he’s the biggest shareholder fell after the firm posted an annual loss.
Shareholders of Brait have been advised that all the ordinary and extraordinary resolutions tabled at its AGM have been approved.
The JSE edged higher following the relief bounce in Tencent seen in Hong Kong. The move saw Naspers gain 0.70% and close at R2542.76
Brait has reported a first-half loss as the pound’s weakness against the rand cut into the net asset value of the UK units it bought last year.
You have to get in tune with the rhythm and you have to understand that it is a marathon and not a sprint, says SA billionaire Christo Wiese.
Investment holding company Brait says the bonus share issue with cash dividend alternative proposed by its directors has been approved by shareholders.
Brait has reported a 76.7% increase in its net asset value as its UK acquisitions, Virgin Active and New Look, produced good results.
Momentum investing can be a very dangerous game, cautions Overberg Asset Management's Kirk Swart in this week's "five shares to watch".
The broad debt-reduction plan could involve fund raising, cost cuts and asset sales.
In 2011, two companies linked to billionaire Christo Wiese offered managers the option to buy shares in the businesses funded by bank loans guaranteed by the companies.
Suppliers to UK fashion chain New Look, which is majority-owned by Christo Wiese’s investment company Brait, have had their insurance cover axed, according to UK media reports.
Brait plans to expand its Virgin Active gym chain in the Asia Pacific as it battles difficult operating conditions in its biggest markets, including South Africa and Britain.
Investment company Brait has released its results for the financial year ended March 31 2017, showing the impact of the stronger rand against the pound.
Brait SE, the SA investment firm that owns UK chains Virgin Active and New Look, plans to list on the London Stock Exchange and will consider selling new equity to fund future deals.
Eskom and SAA would be better run if they were partially sold to private investors, helping to solve economic challenges, says SA’s richest man billionaire Christo Wiese.
New Look, Iceland Foods and Virgin Active are prepared for either outcome when the UK votes on whether to remain in the European Union next week, says Brait CEO.
Brait says it expects its net asset value per share for the year ended March 31 to increase by 74% to 80% to between R134.19 and R138.82.
Brait SE plans to sell stakes in Consol Glass and and cinema-chain owner Primedia over the next two years as the company looks to invest in higher-growth markets.
Northbound
Cape TownHire ResolveR500 000.00 - R600 000.00 Per Year
Western CapeTSM Consulting
MilnertonMotorelli Electric MotorsR14 000.00 - R16 000.00 Per Month
Houses R 5 300 000
Houses R 1 825 000
Houses R 15 500 000
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