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22 March 2019
The fertilizer and chemicals group will swing to a full-year loss due to a bigger interest bill and a number of once-off charges.
The investment group plans to liquidate its listed equity portfolio and return capital.
The transaction was aimed at loosening ties between the two real estate investment trusts after shareholders raised concerns.
Several SA companies have suffered big share-price declines over the past year, notably drug maker Aspen and sugar producer Tongaat. The common factor among many of...
The services group gave no reason for the expected decline in profit.
Mining eats money like competitors eat frankfurters in a hot dog eating competition, writes former mining CEO Peter Flack. This fact and others means that mining...
The group has racked up a number of acquisitions as it expands its presence in the metal recycling, beneficiation and trading business.
An Ipsos poll indicates that the EFF could be the official opposition in three provinces, that the DA is unlikely to take three provinces, and that...
20 March 2019
Lower earnings from Total, RCL Foods and Community Investment Holdings offset gains from Mediclinic, Grindrod and FirstRand.
The financial services group has posted a strong rise in first-half earnings after it took steps to improve its credit processes.
The group says if shareholders don’t approve resolutions at today’s general meeting its performance will continue to be driven by global equity markets.
The radio frequency technology company says its orders are lumpy due to long sales cycles.
Last year’s acquisition of Akeso Clinics was conditional on the sale of the Rand and Bell Street hospitals.
Investigators into the 737 MAX Ethiopian Air Boeing 737 Max crash have confirmed what seemed to most aviation regulators from the start; that the crash was...
Germany's two biggest banks Deutsche Bank and rival Commerzbank confirmed on Sunday confirmed they are formally discussing a merger, an implicit acknowledgment that both lenders face...
19 March 2019
The hotels and casinos group expects trading in South Africa to remain subdued due to continued pressure on disposal income.
The private education group has grown its presence outside SA, while its staffing business has also profited from the move to alternative markets.
The healthcare group has withheld an interim dividend so that it can retain cash and pay down debt.
The investment group blames the poor performance on the challenges of launching a premium brand in a tough trading environment.
The S&P 500 rose by 2.9% to close at a 2019 high of 2822.5. It is now 20% higher than at its low point on Christmas...
The group is investing in an expanded range of trucks due to strong global demand, while local conditions remain subdued.
The aluminium products manufacturer has revised down expectations for its 2018 results, due out today.
The group says second-half retail sales were impacted by a backlog at the Post Office, which meant its catalogues weren’t delivered on time.
The Russian warehouse investor says occupancy levels are benefiting as market fundamentals in the market improve.
18 March 2019
PwC’s first report following an investigation into the accounts of the furniture retailer found bogus transactions worth more than R100 billion.
The specialist bank and wealth manager says it's faced challenging conditions in SA and the UK, with market volatility affecting earnings at Asset Management.
Tsogo said the separate listing would improve disclosure and allow for a valuation that is not discounted for gaming-related regulatory risks.
Shares in the documents storage business sank a week ago after its chief financial officer quit and it warned of weaker results.
The property developer says the end of the JV doesn’t change its long-term strategy of growing annuity income through rentals.
Despite strong demand for its apartments, the property developer remains cautious due to the weak economy, interest rates and policy uncertainty
15 March 2019
The resources group has lifted its full-year dividend by 55% after a year of record production and a bigger payout from Sishen.
The group’s automotive components and battery businesses both delivered strong growth and it expects conditions to remain favourable.
The coal producer says phase one of its flagship project has been approved in time to take advantage of positive coking coal prices.
The poultry and egg producer has warned of lower first-half earnings after a strong 2018 financial year.
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 group’s portfolio was affected by the weak economy, with the value of its listed investments declining last year.
The investment holding company has narrowed the discount to its underlying intrinsic value to 11.2%.
The real estate investment trust wants to preserve cash to fund investment while maintaining its distribution requirements.
Weekly summary of corporate finance activity by South African exchange listed companies
Steps need to be taken to ensure that the Competition Amendment Act doesn’t unjustifiably intrude on the Constitutional rights of foreign acquiring firms and shareholders