Share Guide and Financial Indicators
Prestasi launches the first no-commission unit trust.
Quarterly Results bring some sunlight into the gloom surrounding gold.
With God and Mandela on his side, the good minister need not fear.
Investors shrug off Greenspan's words of warning at their peril.
|Sunday, 26 January 1997
Malbak inches towards unbundling
By ZILLA EFRAT
MALBAK has taken a step further towards unbundling its
R8-billion empire by selling unlisted subsidiary Tedelex to its
former managing director, Jack Cohen.
This follows a management buy-out of unlisted Eagle Freight and
management's sale of 35% of Eagle to German firm Thyssen
Haniel Logistic GMbH.
The value of the deals are unknown but Malbak expects the sale
of these companies, together with that of far smaller Stalcor, to
raise more than R120-million.
Further announcements are expected this week following
Malbak's board meeting on Friday.
SA cautiously backs EU pactBy Sven Lunsche
SOUTH AFRICA in principle backed a free-trade agreement with
the European Union in the first round of trade negotiations on
Business Times spreads its web on the
InternetBy Timothy Wood
SINCE Business Times' debut on the Internet in November 1996,
it has become a popular interactive resource for readers. The site
has been improved and new features were added in January.
Get graph-tingStock IXCHANGE is Windows software that displays graphs of
shares, unit trusts and other financial instruments. Simply
click on the logo and the relevant graph will
appear. But first you'll need to download Stock IXCHANGE Lite to use this service
Send an online valentine or birthday card to a friend anywhere in the world - instantly and at no cost!
Choose the illustration you like, write a personal message, and your friend will receive a little piece of you via e-mail. No more excuses....
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