Earlier this week, MTN revealed that it was facing a multibillion dollar fine from the Nigerian telecommunications regulator.
Shares in the company have fallen for the past four days.
Now MTN has seen its credit rating downgraded and there's the chance the JSE will launch a probe into what's happened.
Let's take a closer look at what's going on…
The NCC fines MTN $5.2 billion
O... ››› more
On Monday, MTN saw its share price slump 12.5% after news broke that the telecoms company was facing a $5.2 billion fine in Nigeria.
Shares continue to fall under pressure as shareholders try to get rid of their holdings.
Let's take a closer look at what's going on…
The Nigerian telecoms regulator slaps a $5.2 billion fine on MTN
Shares in MTN [JSE:MTN] continue to ebb lower after... ››› more
Earlier today, Anheuser-Busch InBev and SABMiller released a statement detailing that the companies had extended their takeover deadline by a further week.
This adds to the initial two-week deadline the companies previously applied for.
Let's take a closer look at what's going on…
AB InBev has until 4 November to make a formal offer
AB InBev now has until 5pm on Wednesday 4 Novemb... ››› more
Yesterday, the Nigerian communications regulator revealed it was fining MTN a whopping $5.2 billion. This led shares in MTN to fall sharply.
The fine relates to MTN not disconnecting subscribers using unregistered SIM cards.
Let's take a closer look at what's going on…
MTN shares fell sharply on news of the fine
Shares in MTN [JSE:MTN] fell “the most in nearly 17 years,” repor... ››› more
This morning, media and internet company Naspers announced a deal worth around R16 billion that will make it the biggest shareholder in Russia's biggest online classified platform, Avito.
The deal will make Naspers the largest shareholder in the Russian company.
Let's take a closer look at the deal…
Naspers will acquire Avito shares from other shareholders
Naspers [JSE:NPN], which... ››› more
Earlier today, Clicks Group released its preliminary results for the year to the end of August.
Along with buoyant results, the company announced that it's increasing its final dividend too.
Clicks shares have soared on the back of its results.
Let's take a closer look at what the results revealed…
Clicks results show strong growth
Clicks [JSE:CLS] reported a 10.4% rise in reta... ››› more
Today, sports car maker Ferrari listed on the New York Stock Exchange.
Investors received the listing well and in spite of its high initial public offering price, shares soared on its first day of trade.
Let's take a closer look at what happened…
Ferrari only put 10% of its shares up for sale
Ferrari, with the apt ticker of RACE, saw its shares floating on the NYSE today, says Bus... ››› more
Earlier today, Lonmin Plc announced its plan to raise $400 million through a rights issue.
The world's third largest platinum miner is taking steps to deal with the current commodity price slump, which has put pressure on its business.
Let's take a closer look at what's going on…
Lonmin is making changes to cope with the current climate
Lonmin [JSE:LON] wants to “raise $400 mill... ››› more
When Afrimat listed in 2006, it focused only on building materials. Had it remained this way, it would have been in big trouble.
However, early diversification let it supply contractors working on large infrastructure projects. And during the financial crisis and the subsequent recession, it chose to diversify further, with less reliance on government infrastructure spending.
The company did... ››› more
Yesterday, Shoprite Holdings released its operational update for the three months to the end of September. The retailer showed a much lower rate in turnover growth in comparison to the same period last year.
Shares paid the price on the Johannesburg Stock Exchange yesterday. And today shares continue their slide.
Let's take a closer look at what's going on…
Yesterday Shoprite shares ... ››› more
Yesterday, a pedestrian bridge over the N1 highway in Johannesburg collapsed, killing two people and injuring several more.
The constructor of the bridge, Murray and Roberts, saw its share price dive after the news broke.
Let's take a closer look at what's going on…
Murray & Roberts’ shares lost 7.3%
Shares in Murray and Roberts [JSE:MUR] fell more than 7% yesterday as it emerge... ››› more
SABMiller and Anheuser Busch InBev have nearly two weeks to iron out the details for their deal.
For the deal to get the go ahead, they need to gain regulatory approval from all the markets they operate in.
Already, Australian regulators are likely to raise issues about the deal. And then there's the issue about the name ‘Megabrew' will take.
Let's take a closer look at what's going on... ››› more
The National Credit Regulator (NCR) has highlighted that Shoprite may be guilty of reckless lending. The regulator has now referred the matter to the National Credit Tribunal.
The allegations involve activities at two of the company's units.
Let's take a closer look at what's going on…
Shoprite breached the National Credit Act
Two units of Shoprite [JSE:SHP], Shoprite Investments ... ››› more
Today saw the listing of money management company Sygnia Ltd.
The company's been around for 12 years and decided to list earlier this year.
Sygnia joins the Johannesburg Stock Exchange in a year that's seen many new listings so far.
Let's take a closer look…
Sygnia shares were in demand
Sygnia [JSE:SYG] joined the ranks of the JSE today, reports Fin24. Its share price soared by... ››› more
Yesterday saw the board at SABMiller finally happy with an offer from Belgium brewer Anheuser Busch InBev.
If it goes through, further to the necessary regulatory approval, the deal will be the biggest to happen in the UK.
So what could stand in the way of the deal to form this ‘Megabrew'? And will shareholders be happy further down the line?
Let's take a closer look…
Many hurdl... ››› more
Home
Search
Menu
Our products
