NEWS ARCHIVES


27 July 2020

Lockdown costs Pepkor billions in sales

The retailer says sales have recovered strongly following the relaxation of lockdown restrictions and as consumers trade down.

Woolworths saved by food sales as clothing declines

The retailer benefitted from a big rise in online sales as it marked down merchandise to manage inventory and generate cash.

Tencent on top of its games

International mobile games are increasingly important for Tencent, growing ahead of its China revenues.

MTN rallies on earnings bonanza

First-half earnings were boosted by disposals while headline earnings gained from non-operational items.

Thorts - W&I Insurance in the New Dynamic

Originally intended to provide sellers with peace of mind once they exited a business, W&I Insurance has evolved to include buy side policies.

The Week Ahead with Chris Gilmour

US/China political tensions heighten.

City Lodge to slump into a loss

The hotel group has reopened some of its hotels as lockdown restrictions ease but occupancies remain low.

Octodec to revisit distribution policy

After withholding an interim distribution, the real estate investment trust says it will decided on its policy with its full-year results.

Delta offloads Grit stake ahead of delisting

Grit is consolidating its three listings into two, which it says will save on costs and boost trading in London and Mauritius.




24 July 2020

Spur laments alcohol ban and curfew

The restaurant group says earnings for the year are likely to be at least 40 percent down from last year due to Covid-19.

PPC cement sales bounce back

The cement producer partly attributes a recovery in sales volumes last month to an absence of imports in the market.

Vodacom reports higher traffic as customers stay at home

The network operator says a big rise in volumes offset the impact of lower tariffs after it cut the price of its data.

Implats flags significantly higher earnings

The platinum producer says it has benefitted from a rise in the price of platinum group metals and a weaker rand.

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

Weekly summary of Merger & Acquisition activity by South African companies

Thorts - W&I Insurance in the New Dynamic

Originally intended to provide sellers with peace of mind once they exited a business, W&I Insurance has evolved to include buy side policies.

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

Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)

Sasol's last US unit has been delayed

The Low Density Polyethylene Unit plant at Lake Charles is now expected to reach beneficial operation before the end of October.

Invicta rally halted on looming loss

A week-long rally in its shares ended after it warned of the extent of its full-year loss.

Weekly corporate finance activity by SA exchange-listed companies

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




23 July 2020

Mediclinic's offshore operations in better health

Shares of the private hospital group rallied after it reported stronger operating performances at its Swiss and UAE businesses.

Afrimat makes all-share offer for Unicorn

The materials group is targeting Nkomati Anthracite which will sit alongside the Demaneng iron ore mine in its bulk commodities portfolio.

Stenprop beefs up MLI portfolio

The UK and German property owner says the acquisition of Bowthorpe Park Industrial Estate takes it closer to its goal.

Argent rallies on upbeat forecast

The steel product manufacturer and trader has been buying back its own shares and flagged a turnaround at some local businesses.

New Frontier believes its centres are viable

The property group says its shopping centres may be undervalued as it tries to assess the lasting impact of Covid-19.

Eastplats eyes platinum re-treatment JV

The group is looking into the feasibility of processing platinum group metals at its Zandfontein operation.

CORPORATE ANNOUNCEMENT BY: AFRIMAT LIMITED




22 July 2020

Datatec benefits from home workers

The technology group says demand for networked cloud computing and remote access solutions has been strong due to Covid-19.

Brait’s gyms are starting to pump

The investment group says the reopened Virgin Active clubs are beating expectations in terms of usage and membership numbers.

Tech and the Treasury 10s

Andrew Kinsey sums up a broken relationship between equity and fixed income and how you'd be well advised to head for cover.

Capco slashes property values

The London real estate owner has reduced the value of its prime Covent Garden precinct in the West End as well as Lillie Square.

Strikes, rain and Covid-19 push Wescoal into a loss

The coal mining company maintained positive cash flow for the year despite challenges across its operations.

MC Mining gets go-ahead on IDC loan

The company says it will now focus on securing the balance of Phase 1 funding for its Makhado Project following lockdown delays.

CORPORATE ANNOUNCEMENT BY: INVICTA HOLDINGS LIMITED

CORPORATE ANNOUNCEMENT BY: City Lodge Hotels Limited




21 July 2020

Invicta sells assets to cut debt

The investment holding company is disposing of a number of businesses in its Capital Equipment Group segment to improve its capital structure.

Tsogo Sun Hotels increases Hospitality stake

The hotel operator is taking advantage of the big discount Hospitality Property Fund trades at relative to its net asset value.

Renergen to hold first LNG auction

The emerging natural gas and helium producer is preparing for the first production from its Virginia Gas Project in the Free State.

South32 places Metalloys on temporary care and maintenance

The diversified mining company has written down the value of its manganese alloy smelters and will also account for one-of restructuring costs.

Balwin plans new Pretoria development

The residential property developer will build thousands of apartments on a piece of land it has agreed to buy east of Pretoria.

Spur on the lookout for new CEO

Pierre van Tonder, who has led the restaurant group since 1996, plans to retire at the end of the year.

Saudi Arabian stalking horse

What is Barloworld worth and what could it be bid for?

CORPORATE ANNOUNCEMENT BY: PEREGRINE HOLDINGS LIMITED




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