Yesterday, Facebook surprised the market with an excellent set of results. The social media giant is gaining traction.
Shares shot higher on release of the results.
Let's take a closer look at what's making Facebook so much money…
Facebook continues to grow rapidly
For the third quarter of its financial year, Facebook posted a rise in net income of 11%, bringing it to ... ››› more
Last week, news broke that send MTN's share price reeling and resulted in the JSE temporarily suspending trading of the company's shares on Monday.
Now the government has addressed the matter.
Let's take a closer look at what's going on…
The government comments on the MTN debacle
Yesterday, Cyril Ramaphosa, the deputy president, said the government “were keeping a close ... ››› more
If the deal between SABMiller and AB InBev goes through, it's likely to be the last major deal the brewery industry will see.
For years, there's been a lot of speculation over when this deal would actually happen. The merger would see consolidation in the sector.
So why is this the last major deal in the sector? And what would the deal mean for the brewery sector?
Let's take a closer look... ››› more
MTN has been hitting the headlines the past week.
At the beginning of last week, it emerged that the telecoms company was facing a $5.2 billion fine over the disconnection of unregistered subscribers.
This sent its shares falling hard last week.
Yesterday, the JSE temporarily suspended MTN shares from trading as a report emerged suggesting the company had already settled the fine.
Som... ››› more
SABMiller and AB InBev continue talks about the terms of a deal which could see the formation of the world's largest brewer.
But when deals like this happen, are the shareholders better off as a result?
Let's take a closer look…
The beneficiaries of a takeover
Research shows that the shareholders of a bidding company in a takeover tends to be worse off once it goes through... ››› more
A week ago, shares in MTN plunged as news broke that the telecoms company was facing a huge fine from the Nigerian telecoms regulator. The fine relates to MTN not disconnecting unregistered subscribers timeously.
Shares in MTN fell hard last week on the news. And this morning, the JSE has stepped in and suspended trade in the company's shares.
Let's take a closer look at what's going on…
... ››› more
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
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