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Ackermans raise R1.6bn in Pick n Pay share sale to settle restructuring debt
Investing
Ackermans raise R1.6bn in Pick n Pay share sale to settle restructuring debt
By
Editor BizNews
3 min read
Ackermans raise R1.6bn through an 8.5% Pick n Pay share sale to settle restructuring debt as their voting interest drops to 36.8%.
Reinet NAV drops on currency drag, but share price and liquidity remain strong
Investing
Reinet NAV drops on currency drag, but share price and liquidity remain strong
By
Editor BizNews
3 min read
FX losses and valuation cuts hit Reinet’s NAV, but rising share prices, strong liquidity and a major asset sale deal soften the blow.
An image of Jeffery Epstein during a news conference in 2019.
Global Citizen
US launches Epstein probe of Bill Clinton, Larry Summers, Reid Hoffman on now public emails
By
Editor BizNews
4 min read
Trump pushes DOJ probe into Epstein ties amid political and legal scrutiny
Larry Summers, president emeritus and professor at Harvard University.
Global Citizen
FT: Trump arch-critic Summers “deeply ashamed” at exposures in Epstein emails
By
Editor BizNews
4 min read
Former US Treasury secretary sought paedophile’s advice over relationship he was pursuing
Coronation grows AUM and core earnings in a volatile global and local climate
Investing
Coronation grows AUM and core earnings in a volatile global and local climate
By
Editor BizNews
3 min read
Operational strength lifts AUM and core earnings, with long-term fund outperformance offsetting statutory declines and persistent local industry headwinds.
The Telkom Tower in Hillbrow in Johannesburg
Investing
Telkom’s data strategy pays off despite ICT and legacy pressures
By
Editor BizNews
3 min read
Data growth in mobile and fibre boosts Telkom’s profits and margins, even as legacy voice, ICT softness and higher costs weigh on performance.
BizNews
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