R/€ = 14.55 Change: 0.02
R/$ = 12.50 Change: 0.01
Au 1301.61 $/oz Change: -2.13
Pt 901.50 $/oz Change: -9.36


Doing business in Africa not as difficult as perceived – report

By: Anine Kilian     30th May 2017 Entrepreneurship, innovation and technology are at the forefront of doing business in Africa, UK–South Africa trade commissioner Emma Wade-Smith said on Monday. Addressing delegates at the South African launch of the LSE’s inaugural ‘PwC Companies to Inspire Africa Report’, she stated that there... 

Africa investment outlook promising – survey

By: Natasha Odendaal     3rd May 2017 A new survey has shown that the investment outlook across Africa, particularly Eastern and sub-Saharan Africa, is becoming more “promising” as countries yield marketing successes to international investors. About three-quarters of the respondents to independent global business advisory firm FTI... 

Kingsrose calls in administrators

By: Esmarie Swanepoel     15th December 2016 Gold junior Kingsrose Mining has gone into voluntary administration, with its Talang Santo mine, in Indonesia, to be placed on care and maintenance while a review of the company’s structure and its operations are undertaken. Kingsrose told shareholders that the appointment of FTI Consulting as... 

BHP-Vale mine bondholders said to hire lawyers for debt talks

By: Bloomberg     6th September 2016 Samarco bondholders hired US law firm Hogan Lovells for help with debt-restructuring talks as the stalled Brazilian iron-ore miner runs out of money, according to people with knowledge of the matter. With a coupon payment looming, Hogan Lovells is seeking a Brazilian law firm to work with it on... 

Stalled BHP-Vale mine said seeking waiver on bank repayments

By: Bloomberg     13th August 2016 Brazilian miner Samarco is seeking a standstill agreement on about $1.6-billion in bank loans as its owners BHP Billiton and Vale refuse to cover debt payments, people with knowledge of the matter said. The iron-ore venture, whose operations were halted last year after a dam spill, is asking... 

Court appoints special liquidators to investigate Queensland Nickel

By: Mariaan Webb     18th May 2016 The Federal Court on Wednesday appointed special purpose liquidators to investigate transactions related to mining magnate and politician Clive Palmer’s Queensland Nickel, granting an application by the federal government. Queensland Nickel administrator FTI Consulting said it would work closely... 

Court approves $800m DIP financing for Peabody

By: Henry Lazenby     18th May 2016 US metallurgical and thermal coal producer Peabody Energy has received final approval from the US Bankruptcy Court of the Eastern District of Missouri for its $800-million debtor-in-possession (DIP) financing facility, the company announced on Tuesday.  The approval provided Peabody with access... 

Palmer seeks A$1.2bn from Qld Nickel administrators

By: Esmarie Swanepoel     17th May 2016 Mining personality Clive Palmer on Tuesday announced that he was seeking A$1.2-billion in damages from the administrators of Queensland Nickel, alleging “illegal diversion” of the company’s funds and assets. The creditors of Queensland Nickel last month voted in support of a recommendation by... 

Perceptions of African risks 10% higher

By: Natasha Odendaal     9th May 2016 FTI Consulting’s third yearly survey assessing investor sentiment in Africa has revealed that, while international business is keen on pursuing opportunities in Africa, perceptions of the risks involved increased 10%. Just under 60% of the respondents considered business opportunities in Africa... 

Coal major Peabody files for bankruptcy protection

By: Henry Lazenby     13th April 2016 Fortune 500 coal company Peabody Energy has filed for Chapter 11 bankruptcy protection on Wednesday, becoming the latest North American coal casualty amid a sustained industry downturn. NYSE-listed Peabody, the world’s largest private-sector coal company producing metallurgical and thermal coal... 

Palmer resumes management control of embattled Queensland refinery

By: Mariaan Webb     7th March 2016 The Yabulu refinery, in Queensland, is back under the management of mining magnate Clive Palmer, who on Monday announced that funding was secured to support the business operation of one of Australia’s biggest nickel refineries. A joint venture between QNI Resources and QNI Metals, Queensland... 

Queensland Nickel needs ‘millions’ to make it past April – administrators

By: Esmarie Swanepoel     29th January 2016 The administrators of embattled Queensland Nickel are looking for a saviour to invest “tens of millions of dollars” to keep the company afloat past April this year. FTI Consulting’s John Park told a teleconference on Friday that the company owed more than A$100-million to creditors and... 

Liquidators agree to sell Kagara’s stake in Atherton

By: Esmarie Swanepoel     29th October 2015 The liquidators of Kagara have decided to accept a takeover offer from Auctus Chillagoe for Kagara’s interest in ASX-listed Atherton Resources , in order to repay debts. Kagara and its wholly-owned subsidiary Mungana hold a combined 67.55% interest in Atherton, which became a takeover target in... 

Telecoms, infrastructure drive African investment 

By: Megan van Wyngaardt     4th June 2015 An overwhelming majority of opinion leaders expect growth in merger and acquisition (M&A) activity in Africa to continue in the coming months, with telecommunications and infrastructure viewed as the leading investment sectors, a survey has found. The survey, carried out by global business... 

Study finds shareholder activism on the rise

By: Natalie Greve     22nd April 2014 A recent survey by business advisory firm FTI Consulting has found that merger and acquisition (M&A) activism is on the rise, with the overwhelming majority, or 89%, of leading activist investors surveyed expecting an overall increase in M&A activism this year. The Shareholder Activists’ View... 

Most US investors unaware of African opportunities – survey

By: Natalie Greve     27th June 2013 Some 80% of institutional investors surveyed in the US are largely unaware of investment opportunities in Africa, according to research released by business advisory firm FTI Consulting on Thursday. The findings of the survey, which were released on the eve of a visit by US President Barack Obama... 

Majority of South Africans see corruption as main threat to FDI

By: Idéle Esterhuizen     4th February 2013 New research by global business advisory firm FTI Consulting revealed that 80% of South Africans regarded corruption as the greatest impediment to foreign direct investment (FDI) in the country. This was the result of a poll that covered more than 1 400 South Africans and that was conducted from... 

Private equity poised for push into Africa

By: Megan van Wyngaardt     14th November 2012 Private equity houses are swapping low-growth buyout deals in Europe and North America for a slice of booming consumer demand in Africa. They are drawn by a youthful and booming population that could almost double to two-billion by 2050, some of the fastest-growing economies in the world, and an... 


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