SA Money Daily | Game over: Implats finally gains control of RBPlat

'Worst consumer environment in 25 years': Koo owner Tiger Brands crashes almost 17%

View Online SA Money Daily The biggest business, economic and market news of the day. AHMED AREFF, BUSINESS DEPUTY EDITOR Game over: Implats finally gains control of RBPlat Impala Platinum has at last gained a controlling share of Royal Bafokeng Platinum after acquiring the Public Investment Corporation's (PIC) 9.26% shareholding in the company. The PIC's share, together with additional acquisitions, results in Implats gaining majority control of RBPlat with a current shareholding of 55.46%, the platinum miner announced on Wednesday morning. Read More New Russia-SA concerns push rand to record low Traders have been unnerved by SA's decision to grant diplomatic immunity to attendees of the BRICS summit. Pepkor slumps 10% as it's forced to sell unwanted Ackermans stock on sale Shares in Pep and Ackermans owner Pepkor fell more 10% on Tuesday, after it reported a double-digit slide in profits for its half-year to end March. 'Worst consumer environment in 25 years': Koo owner Tiger Brands crashes almost 17% Volume declines and a profit squeeze saw shares in Tiger Brands crashing more than 16% on Tuesday as it grappled with the worst consumer environment in 25 years and made plans to deal with Stage 10 load shedding. Govt in talks over shorter contracts for Karpowership Karpowership will only proceed with its three emergency energy projects once all permitting and authorisation have been granted, says Rudi Dicks. Don't fall for big-talking debt counsellors, Capitec and others warn A fifth of its consumers exiting debt counselling after 12 months saw no change in the levels of indebtedness, Capitec says. Eskom to post record R21.2 billion loss for the last year Several state-owned enterprises remain in deep trouble, a National Treasury briefing to Parliament shows. DOWNLOAD THE NEWS24 APP CONNECT WITH US

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