NEWS ARCHIVES


24 June 2019

Naspers delays Euronext listing after postage blunder

The group now expects to list its international internet assets on Euronext Amsterdam in September.

Naspers grows profit by a quarter in transformational year

The group says it has completed its transition to a global consumer internet group as it prepares for an Amsterdam listing.

PPC forecasts rock-solid results

The cement producer says debt is down and headline earnings will be at least a third higher.

MC Mining updates Chinese agreement

Under the deal, Haohua Energy International will help arrange funding for the development of MC’s coking coal assets.

PBT returns to profitability

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

Little hope for Group Five shareholders

The construction group’s business rescue practitioners say while creditors may recover their loans, there will be no equity left.

Accelerate pins hopes on Fourways super centre

Despite the negative short-term outlook for local property, the fund expects the extended shopping mall to serve as a catalyst for future opportunities.

Volatile markets pare Peregrine’s earnings

The wealth manager and financial services group earned lower performance fees from Stenham and Peregrine Capital last year.

Insimbi bulks up on recycled metal

The metals and plastics group is expanding its client base and trading network with the acquisition of Gauteng-based Treppo.

Who’s doing what this week in the South African M&A space?

Weekly summary of M&A activity by South African companies

Who’s doing what in the African M&A space?

Weekly summary of all M&A activity from across Africa (excluding South Africa)

Hosken strengthens Cape bus operation

The investment company has taken full ownership of two bus services in the Western Cape.

Weekly corporate finance activity by SA exchange-listed companies

Weekly summary of corporate finance activity by South African exchange listed companies

Thorts - Navigating merger control complexities in Africa

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

Steinhoff narrows its loss as it battles on

The retailer says this year’s sales are likely to be lower due to tough competition and after it sold off some businesses.

Peter Moyo hits back at Old Mutual

The group’s former CEO says it was represented at the board meeting where NMT resolved to pay a further dividend of R105 million.

Tough conditions apply the brakes to Motus

The automotive group says full-year revenue is likely to be flat, but earnings will increase.

MC Mining strikes off-take deal with AMSA

ArcelorMittal SA will replace imported hard coking coal with coal from MC Mining’s Makhado project once it’s up and running.

KAP flags weaker earnings

The industrial group says the costs for putting together last year’s empowerment deal will strip 7.3c from earnings per share.

It’s been a wild ride, but the historic bull market is still intact

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

Old Mutual sacks CEO over dividend payments

Recent corporate governance breakdowns in the private and public sectors highlighted the need for directors to be vigilant in managing conflicts of interest.

MultiChoice scores with World Cup viewers

The video entertainment business reduced losses from its Rest of Africa operations as it grew subscriber numbers by 17% to 7.7 million.

Brait’s losses swell after a tough year

The investment company says it’s taking steps to reduce the discount its shares trade at relative to its value.

Alex Forbes sweetens results with special div

The pension funds administrator says it doesn’t plan to hold excess cash on its balance sheet following a change in its strategy.

Schroder progresses with its Winning Cities 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

Omnia’s litany of woes

On top of already tough economic conditions, the chemicals and fertilizer group has faced drought, impairments and currency issues in Zimbabwe.

Kore Potash raises funds for expansion

The potash exploration and development company says its Sintoukola project in Congo has the potential to become a preeminent production hub.

Etion warns of earnings decline

The company, previously called Ansys, says customers are spending less on projects due to the subdued economy.

Green light for Lighthouse to issue shares

The property investor says it will issue additional stock as and when investment opportunities arise.

The Week Ahead of 17 June 2019

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...




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