Naspers’s full-year earnings rose by as much as a third ahead of the technology group’s planned asset spinoff in Amsterdam, a move designed to reduce its dominance of Johannesburg’s stock exchange.
The Naspers deal required approval by the South African Reserve Bank and will generate a R1bn windfall for the country in share transfer tax.
Steinhoff insiders couldn’t resist taking advantage of the emotion-driven price slump. Neither should you.
In between his Stellenbosch home, the Amsterdam HQ and visiting offices worldwide, in London yesterday, Steinhoff CEO Markus Jooste squeezed in an hour to update Alec Hogg on proceedings.
Kokkie Kooyman says he’s never seen such a dislocation between valuations and what managements are doing to adapt to the tough environment and growing shareholder value.
Steinhoff made an unsolicited, $924 million bid for French electronics retailer Darty, seeking to break up Groupe Fnac SA’s agreement to buy the company.
Amsterdam is looking for an investor to buy five buildings where sex workers can work collectively in their own prostitution business
Global direct real estate investment returned to pre-recession levels in 2014 and should reach about $1 trillion annually within five years.
Denmark should ban coal use by 2025 to make the Nordic nation a leader in fighting global warming, adding to green measures ranging from wind energy to bicycle power,
AMSTERDAM (Reuters) – The Dutch football association (KNVB) has said it will not be voting for Sepp Blatter, who has confirmed his candidature for a fifth term as FIFA president. Outspoken KNVB president Michael van Praag told reporters about the association’s stand on Monday but admitted he saw no chance of the Swiss incumbent being … Read more