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Natasha Odendaal

Natasha Odendaal

Natasha Odendaal is Creamer Media Deputy Editor Online for Engineering News and Mining Weekly.

Tel: +2711 622 3744


Tongaat delivers double-digit earnings growth for FY17

29th May 2017 JSE-listed Tongaat Hulett on Monday reported double-digit earnings growth for the year ended March 31. The group achieved a 44.6% hike in headline earnings, from R679-million in 2016, to R982-million in the 12 months under review. 

Famous Brands reins in acquisition pipeline, focuses on growth path

29th May 2017 After wrapping up the 2017 financial year with seven successfully integrated acquisitions and a strong financial performance, JSE-listed Famous Brands plans to remain strongly focused on growth in a difficult operating climate. However, while the group remained acquisitive by nature and was... 

Implats finalises terms on dual bond offering

26th May 2017 JSE-listed Impala Platinum (Implats) on Friday concluded the final terms of its dual offering of R3.25-billion unsecured convertible bonds and $250-million unsecured convertible bonds, both due 2022. The platinum miner’s rand-denominated bonds will hold a 6.375% yearly interest rate, while the... 

Rezidor opens first Park Inn by Radisson in Rwanda

26th May 2017 The Rezidor Hotel Group has continued its African growth momentum with the unveiling of its first Park Inn by Radisson in Kigali, Rwanda, which is its fifth in East Africa. The newest four-star hotel, which is the second to be opened in the region this year, brings the hotel group’s African and... 

Vodacom aims to tap into fast-growing Kenya with R35bn Safaricom bid

26th May 2017 The pending acquisition of a 35% stake in Kenya’s largest telecoms group Safaricom will secure JSE-listed Vodacom a high-growth market that is as large as all of its international subsidiaries combined. The R35-billion deal, expected to be concluded in August, presented South Africa’s largest... 

New Altron chief to undertake full strategy review

26th May 2017 As JSE-listed Altron successfully transitioned from a family-controlled and managed business to an independent management structure, newly appointed successor to Robbie Venter, CEO Mteto Nyati on Thursday promised to aggressively drive a strategy aimed at returning the company to its previous... 

Construction business confidence stagnant in Q1

26th May 2017 The small and medium-sized enterprises (SME) segment in both the building and civil engineering sectors remained under pressure in the first quarter of this year, with the latest Construction Industry Development Board (CIDB) business conditions survey marking the seventh consecutive quarter of... 

Jasco acquires majority stake in Reflex

25th May 2017 JSE-listed Jasco Electronics has acquired a majority 51% stake in Johannesburg-based information technology (IT) managed services group Reflex Solutions for R39.8-million. The acquisition of Reflex, which recently expanded into fibre-to-the-home (FTTH) solutions, adding to a portfolio of hosted... 

GEPF assures its funds are not used to bail out troubled SAA

25th May 2017 The Government Employees Pension Fund (GEPF) on Thursday assured that it was not funding the recapitalisation of ailing national airliner South African Airways (SAA), nor had it been approached to contribute. Speculation emerged last week that the GEPF’s assets will be used, through its fund... 

Cabinet approves revised National Radio Frequency Plan

25th May 2017 South Africa’s Cabinet on Wednesday endorsed the revised National Radio Frequency Plan (NRFP) 2017, submitted by the Department of Telecommunications and Postal Services, which aims to ensure the most efficient use of radio frequency spectrum. The Independent Communications Authority of South... 


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