Steinhoff freeing up 200 million shares in STAR to refinance its debt

2018-04-11 18:50

As part of efforts to refinance its debt, Steinhoff is selling off 200 million of its shares in Steinhoff Africa Retail. This is 6% of its stake in the company.

D-Day for share placement in 'super-galactic highway' Sagarmatha

2018-04-11 16:51

Sagarmatha Technologies, the parent company that is aiming to corral the assets of Iqbal Surve’s Independent Media empire, is set to announce the results of its share placement.

Survé-linked tech and media firm again postpones JSE listing

2018-04-06 11:38

Sagarmatha Technologies, which aims to bring together assets of Iqbal Survé's media empire, has again postponed the date of its JSE listing to give private investors more time to snap up private placement shares.

CPI data sends retailers soaring

2018-03-20 19:09

The local bourse continued to struggle to find direction in early trade on Tuesday after US markets closed the day weaker on Monday evening, heightened by concerns of a FED rate hike this week.

JSE softer amid flurry of earnings results

2018-02-22 19:19

The local bourse closed weaker on Thursday in a session that was mainly characterised by the release of earnings results from a number of listed companies.

Woolworths shares down on news of profit drop

2018-01-15 13:13

The multinational retail group has announced a decrease in headline earnings per share for the six months to December 24 2017.

Tough day for property stocks on JSE

2018-01-11 18:26

Resources and gold miners continue to trade higher up 0.75% and 0.79% respectively with Anglo American [JSE:AGL] continuing to rally, up another 2.10%.

AYO becomes biggest black ICT company after successful listing

2017-12-21 19:38

Information and communication technology group AYO Technology listed on Thursday and reached a market cap of R14.7bn, creating South Africa's largest listed black economic empowered ICT group.

Steinhoff on brink of dropping off JSE's top 100 company list

2017-12-21 13:21

Once considered the “Ikea of Afrca”, shares in the Stellenbosch-headquartered conglomerate have fallen 91% this month.

Positive sentiment drives banking stocks higher

2017-12-19 18:54

The JSE closed higher on Tuesday, keeping up the positive momentum following the election of Deputy President Cyril Ramaphosa as ANC leader.

 

Survé-linked Sagarmatha's JSE listing again shelved

2018-04-11 18:16

Sagarmatha Technologies, the parent company that was aiming to corral the assets of Iqbal Survé’s media empire under a new roof, will not list on the JSE this week after it failed to submit the correct documents in time.

Black Business Council to invest R240m in Sagarmatha

2018-04-10 14:04

The Black Business Council says it has concluded a transaction to buy 6 million shares in Sagarmatha Technologies, the holding company which aims to corral the assets of Iqbal Survé's media empire.

Naspers raises R116bn from Tencent share sale

2018-03-23 11:03

Naspers says the funds will be used to reinforce its balance sheet and invest in its development businesses.

EOH dives over 20% on profit warning

2018-03-14 13:26

The share price of the JSE-listed IT company has fallen by over a fifth, after it announced a substantial decrease in its headline earnings per share.

Eskom commits to publishing interim results by January 31

2018-01-15 14:19

The power utility says it will release its interim financial results by the JSE's deadline of January 31, after the stock exchange earlier warned it may delist its bonds.

JSE may suspend Eskom bonds over late financials

2018-01-15 10:58

The JSE has issued a warning to holders of Eskom debt securities, saying it will suspend the listing if the power utility fails to submit its interim report by January 31.

Castleview Property Fund lists on the JSE

2017-12-24 17:38

Castleview Property Fund has listed on the Retail REITs sector of the JSE’s AltX board.

JSE climbs, rand weakens

2017-12-21 18:13

The JSE climbed higher in line with broadly stronger global markets on Thursday, while the rand weakened, closing at R12.70/$.

JSE lower as banks ease off fresh highs

2017-12-20 18:44

The JSE closed mixed on Wednesday, with the All Share index receding 0.24% while the blue-chip Top 40 closed flat.

Why the JSE won't suspend trade of Steinhoff shares - yet

2017-12-15 19:01

Suspending trade of Steinhoff shares will be prejudicial to shareholders and not the company, says JSE CEO Nicky Newton-King.

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