As the alleged wrongdoing at Bishops Diocesan College shows, equating wealth with virtue is a bad idea, writes Helena Wasserman.
High level clouds. Mild.
The bearish sentiment in Tencent has not spared Naspers on the JSE which is also under a sharp sell-off. In today’s session Naspers slumped 6.47% to close at R2656.98 per share.
Mondi group has signed an agreement to acquire Powerflute, a division of Nordic packaging, in a deal worth billions.
Mondi Group CEO David Hathorn has informed the boards of his decision to retire and Peter Oswald, an executive director, will succeed him on 11 May at the AGM.
South Africa's Mondi has signed an agreement to acquire Beepack from a private investor for $46m as part of plans to expand its packaging business.
Mondi has agreed to buy 90% of Turkey’s Kalenobel, which makes consumer packaging for ice cream and other products, for about $101m.
Momentum investing can be a very dangerous game, cautions Overberg Asset Management's Kirk Swart in this week's "five shares to watch".
Mondi expects stable or higher prices for its packaging and paper goods even as global economic growth slows.
Mondi, the largest producer of kraft paper and industrial bags in Europe, says first-half profit climbed as much as 28%.
Mondi says it is planning to close its loss-making mill in Lohja, Finland, which employs 150 people.
Paper maker Mondi says third-quarter operating profit has fallen from the previous quarter as part of a seasonal swing in European demand.
Mondi interim revenue surged 4% to €3.72bn, due to “positive trading environment” and a stronger demand and higher average selling prices.
Mondi Group has acquired 100% of the outstanding share capital of Excelsior Technologies from funds managed by Endless LLP and certain other minority shareholders.
Mondi, manufacturer of packaging for products from coffee beans to industrial chemicals, says third-quarter profit rose 3% and that prices of key products may improve next year.
Mondi has said first-half profit rose 11% as volumes in its consumer business increased.
Mondi has said first-quarter earnings have risen 14% on strong contributions from the consumer business and domestic South African market.
Mondi, the top performing stock this year among the world’s 10 biggest packaging makers, sees some of its biggest growth opportunities in pet food pouches.
Paper company Mondi posted a rise in profits due to higher selling prices and sales with some of its projects delivering ahead of plan.
Shares in paper maker Mondi has hit record highs after reporting a 29% rise in first-quarter operating profit on higher sales, lower costs in its main European market.
Paper maker Mondi has reported a 10% rise in full-year underlying profit on rising packaging paper sales and lower costs, sending its shares to a record high.
Paper maker Mondi has posted a slight rise in first-half earnings as a strong performance in its packaging business offset lower prices of paper grades.
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