Sun International is mulling setting up a separate business to house smaller hotel and casino assets to focus on cash-generating operations once it completes the acquisition of the Peermont group, whose flagship property is Emperors Palace.
Johannesburg Stock Exchange (JSE) listed Nedbank Group reported a 10% increase in headline earnings (HE) to R7.3 billion for the first half of 2023.The increase in headline.
Before the release of its final report on Wednesday night, the Zondo Commission had previously recommended in its last four reports prosecution of characters who were at the centre of state capture.
(MENAFN - Gulf Times) Aviva Plc, the British insurer, is in advanced talks on a sale of its Italian operations as it pushes ahead with about €6bn ($7.3bn) of divestments, people with knowledge said.
The UK company is in negotiations to sell its Italian life insurance business to Paris-based CNP Assurances, according to the people, who asked not to be identified because the information is private. Allianz SE is in talks to acquire Aviva s general insurance unit in the country, the people said.
A deal could be reached within a few weeks, the people said. The two disposals in Italy could fetch more than €1bn combined, the people said.