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Telkom said on Wednesday it had terminated discussions relating to Rain’s proposal for a potential acquisition for newly issued shares in Telkom.

Telkom terminates potential acquisition talks with Rain

The telecommunications group said the parties had decided a suitable transaction was not possible at this time

The entire sugar eco-system and stakeholders require certainty and a sustainable solution before the insolvency court sits to hear the BRP’s application for provisional liquidation of THL . (Delwyn Verasamy/M&G)

Mauritius-based company set to own majority stake in Tongaat Hulett

South African competition watchdog has approved Tongaat takeover – with conditions

Impala Platinum (Implats) has re-entered the bid to buy out Royal Bafokeng Platinum (RBPlat), offering the mining house’s stakeholders R43-billion for the shares it doesn’t already own. (Waldo Swiegers/Bloomberg via Getty Images)

Impala Platinum re-enters Royal Bafokeng Platinum buyout bid

The announcement comes just weeks after competitor Northam inked a deal to acquire up to 33.3% of Royal Bafokeng Platinum

(Madelene Cronje/M&G)

Marikana victims mull complaint against Judge Lamont after civil case recusal

Judge Colin Lamont withdrew from the case because of his shares in the mining company Sibanye

Former Steinhoff CEO Markus Jooste. (David Harrison/M&G)

Financial conduct body slaps Jooste with R162-million fine

The former Steinhoff chief executive and three others have been fined by the FSCA for insider trading in the days leading up to the company’s 2017 share price crash

Sasol plans to migrate from using grey hydrogen, produced with coal and natural gas, to green hydrogen produced from renewable electricity.

Sasol share price spikes as bosses ousted

The company’s share price rose more than 12% in morning trading on Monday when its joint chief executives resigned

The retailer’s stock is still down by over 95% from where it was before news of Markus Jooste’s resignation reached the market.

Steinhoff shares jump 40%, reach best price in two months

The retailer’s stock is still down by over 95% from where it was before news of Jooste’s resignation reached the market

“It is certainly not fair these guys get paid a fortune for essentially doing nothing. Particularly the chief executive”

Naspers’s tricky Tencent conundrum

Analysts say shareholders would win if the media giant unbundled its stake in the Chinese firm

Companies are given licences by government that say how much they can pollute the air where they operate. In South Africa, these limits are already much weaker than they are in similar countries. (Madelene Cronje/M&G)

Cash makes a comeback as local stocks lose their shine

Investors have been putting their money into cash-like securities to avoid losses.

Mediclinic drops R3-billion after share sale to fund acquisitions

The company stock dropped 4.7% after a share sale to institutional investors to generate cash for investment opportunities.

A Makro store

Massmart shares up as it anticipates an earnings gain

While other retailers battle with slow growth, Massmart has announced its earnings gained as much as 37% last year.

Pick n Pay shares rallied the most since 2008 with its interim results announcement on Tuesday. (David Harrison, M&G)

Pick n Pay shares gain most since 2008 as first-half profit rises

Markets have responded positively to Pick n Pay’s announcement that it has reduced costs and slowed down market share decline.

Discovery profit declines 6% as claims and costs increase

An increasing number of medical aid claims and higher costs saw the company’s full-year profits fall by 6%.

Discovery sees biggest share price fall since 2009

Discovery stock fell more today than in the past four and a half years on expectations of an up to 10% decrease in profit on the year.

Under investigation: MTN’s chief financial officer Nazir Patel resigned on July 21.

Uncertainty hits MTN shares

CFO resigns during an investigation.

The world’s largest hamburger chain said this week its net income fell by 4% in the second quarter.

Global slowdown chips away at McDonald’s boom

McDonald’s, the fast food giant that managed to ride out much of the Great Recession, has been bitten by the global slowdown.

Impressive quarter expected for Apple as shares soar

Impressive quarter expected for Apple as shares soar

Apple is anticipated to report another dazzling quarter ropelled by strong demand for its perennial bestselling iPhone and the new, thinner iPad 2.

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