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24 June 2019
The group now expects to list its international internet assets on Euronext Amsterdam in September.
The group says it has completed its transition to a global consumer internet group as it prepares for an Amsterdam listing.
The cement producer says debt is down and headline earnings will be at least a third higher.
Under the deal, Haohua Energy International will help arrange funding for the development of MC’s coking coal assets.
The IT services group has bounced back after exiting its loss-making operations in the Middle East and Africa while expanding in Western Europe.
21 June 2019
The construction group’s business rescue practitioners say while creditors may recover their loans, there will be no equity left.
Despite the negative short-term outlook for local property, the fund expects the extended shopping mall to serve as a catalyst for future opportunities.
The wealth manager and financial services group earned lower performance fees from Stenham and Peregrine Capital last year.
The metals and plastics group is expanding its client base and trading network with the acquisition of Gauteng-based Treppo.
Weekly summary of M&A activity by South African companies
Weekly summary of all M&A activity from across Africa (excluding South Africa)
The investment company has taken full ownership of two bus services in the Western Cape.
Weekly summary of corporate finance activity by South African exchange listed companies
Merger control complexities in Africa can undermine the commercial value of a proposed transaction – below are some of the potential stumbling blocks to doing business...
20 June 2019
The retailer says this year’s sales are likely to be lower due to tough competition and after it sold off some businesses.
The group’s former CEO says it was represented at the board meeting where NMT resolved to pay a further dividend of R105 million.
The automotive group says full-year revenue is likely to be flat, but earnings will increase.
ArcelorMittal SA will replace imported hard coking coal with coal from MC Mining’s Makhado project once it’s up and running.
The industrial group says the costs for putting together last year’s empowerment deal will strip 7.3c from earnings per share.
Wow, the market has been wild over the last two months! A few months ago, I wrote about the changing of the trend on the S&P500...
19 June 2019
Recent corporate governance breakdowns in the private and public sectors highlighted the need for directors to be vigilant in managing conflicts of interest.
The video entertainment business reduced losses from its Rest of Africa operations as it grew subscriber numbers by 17% to 7.7 million.
The investment company says it’s taking steps to reduce the discount its shares trade at relative to its value.
The pension funds administrator says it doesn’t plan to hold excess cash on its balance sheet following a change in its strategy.
The real estate investment trust says the cities it has property in are better placed than many to weather global economic and political risks.
18 June 2019
On top of already tough economic conditions, the chemicals and fertilizer group has faced drought, impairments and currency issues in Zimbabwe.
The potash exploration and development company says its Sintoukola project in Congo has the potential to become a preeminent production hub.
The company, previously called Ansys, says customers are spending less on projects due to the subdued economy.
The property investor says it will issue additional stock as and when investment opportunities arise.
The Fed will likely keep rates steady next week, but listen to the narrative very carefully. Crude oil prices spiked briefly on Thursday 13 June on...