NEWS ARCHIVES


04 November 2020

Telkom rallies on bullish earnings forecast

The telecoms group will report a rise in first-half profit despite the economic impact of Covid-19.

Delta winds up second probe

The impact of alleged procurement irregularities and misappropriation of funds on its historical financial statements is still being determined.

CIG slumps on business rescue proceedings

Negotiations with funders for a voluntary debt restructure of its Consolidated Power Projects subsidiary were unsuccessful.

Mazor plans buyout, delisting

The company says the costs associated with being listed outweigh the benefits.

BAT expands its moral oral portfolio

The tobacco giant is trying to get more users to adopt its non-combustible products as smokers decline.

Indequity benefits from declining claims

Although premium growth was held back due to the weak economy, the insurer says there were fewer claims during the lockdown.

CORPORATE ANNOUNCEMENT BY: NORTHAM PLATINUM LIMITED




03 November 2020

Aspen jumps on Covid-19 vaccine deal

The pharmaceuticals company has invested R3 billion in the Port Elizabeth facility where it can produce more than 300 million doses a year of the vaccine.

AngloGold Ashanti to double dividend ratio

The gold mining company has benefitted from a rising gold price as it continues to reduce debt.

Buckle up?

Top trader Andrew Kinsey has sage words for investors in the light of the pandemic lockdowns in Europe and the US presidential elections.

Sibanye-Stillwater plans odd-lot offer

The number of shareholders on its registers has jumped by 60 percent following the acquisition of Lonmin last year.

Altron to proceed with Bytes UK listing

Shareholders will end up with 3 Bytes shares for every 8 Altron shares they hold plus some cash.

Tiger Brands claws back some earnings

The company says its operating performance was better than expected towards the end of the year, with few supply chain disruptions.

enX warns of full-year loss

The industrial group has been impacted by Covid-19-related costs and a number of impairments.

CORPORATE ANNOUNCEMENT BY: ZARCLEAR HOLDINGS LIMITED

CORPORATE ANNOUNCEMENT BY: SIBANYE GOLD LIMITED

CORPORATE ANNOUNCEMENT BY: ALLIED ELECTRONICS CORPORATION LIMITED




02 November 2020

Prosus plans $5 billion share buyback

The consumer internet company will buy its own shares as well as those of Naspers in a further attempt to narrow its discount to NAV.

MTN rises on growing subscriber base

The network operator has also completed the sale of its Jumia stake for net proceeds of R2.3 billion.

Glencore cuts coal guidance as strike continues

The commodities mining and trading giant has maintained guidance for other metals and minerals following a third-quarter recovery.

MC Mining makes progress with Makhado funding

The coal group expects to conclude debt and equity funding for the project by the end of this year or the first quarter of 2021.

Your retirement funds could be more flexible than you realize

Most South Africans, who can afford to, invest in a retirement fund. This is primarily due to the tax rebate given.

The Week Ahead

US economy looking better but the acid test will be the fourth quarter. So with hindsight, it appears that GDP growth is improving in the developed...

Texton rallies on mandatory offer

The property fund says a buyout consortium does not intend to apply for its delisting from the JSE.




30 October 2020

Nedbank says loan demand is recovering

The bank is still guiding for full-year earnings to be more than 20 percent down from last year.

Bulk commodities save Afrimat

A firmer iron ore price offset reduced demand for its industrial minerals and construction materials.

Sibanye-Stillwater pledges superior returns for shareholders

The precious metals group has used its strong cash flow to reduce debt as it benefits from rising commodity prices.

AB InBev says cheers to dividend due to Covid-19

The brewer is sticking to its commitment to pay down debt, which has been impacted by the pandemic.

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

Weekly summary of Merger & Acquisition activity by South African companies

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

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

AH-Vest dishes up a maiden dividend

Despite significant Covid-19 disruptions to its supply chain, the food group grew full-year earnings by more than a third.

Weekly corporate finance activity by SA exchange-listed companies

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

CORPORATE ANNOUNCEMENT BY: ELB GROUP LIMITED

CORPORATE ANNOUNCEMENT BY: RH BOPHELO LIMITED

CORPORATE ANNOUNCEMENT BY: HULAMIN LIMITED




29 October 2020

Mboweni grapples with fiscal decline

Failure to address the deterioration in the fiscal position could lead to a sovereign debt default, eroding gains made since 1994.

WBHO to report a loss as Probuild sale proceeds

The construction and engineering group has been hampered by Covid-19 and loss-making projects in Australia.

Ant’s away

Ant and Tencent's WeChat Pay are formidable competitors. Ingham Analytics believe that Tencent has been positively affected by the Ant buzz.

MTN Nigeria reports strong subscriber growth

The network operator says operating conditions remain challenging despite the relaxation of lockdown restrictions.

Kibo secures third UK site

The energy group plans to list its UK subsidiary this year as it builds a portfolio of flexible power projects across the UK.

A2X: 37 listings and over R200m of available savings in just three years

A2X offers an additional platform for companies or issuers of exchange traded products to secondary list their shares or units for trade. Find out more...

Etion may dispose of underlying businesses

Shares in the digital technology group rallied after it said it planned to unlock value for investors.




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