25 February 2019

Tongaat plunges on bitter update

The sugar producer and landowner will enter into discussions with its lenders this week as it prepares to report a full-year loss.

Cell C adds new shareholder as CEO steps down

Blue Label announced Cell C’s CEO was leaving, a new shareholder was coming on board and it would report an interim loss.

Northam posts record operating profit on destocking

The platinum producer has reported a strong rise in first-half metal sales as it dug up more metal and reduced its stockpiles.

ANALYSIS: It is perfectly legitimate to scrutinise Ramaphosa's business buddies during his presidency - here's why

Billionaire businessman Patrice Motsepe took the unusual step last week of calling a press conference to deny rumours that he would benefit in any way from...

22 February 2019

Discovery’s profit down on R6 billion bank investment

The financial services group says the decline is temporary and profit growth should return to its target of inflation plus 10%.

Discovery: An SA success story

CEO Adrian Gore gave another virtuoso performance at the interim results presentation in Discovery’s new head office on Thursday 21 Feb.

Anglo American’s earnings beat estimates

The global mining giant has grown full-year earnings by 13% but disappointed with a slight decline in its dividend for the year.

Woolworths trims dividend after tough year

The retailer wants to reduce its interest-bearing debt in Australia due to challenging conditions facing the retail sector.

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

Weekly summary of M&A activity by South African companies

Weekly corporate finance activity by SA exchange-listed companies

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

Truworths sees signs of a recovery

The retailer expects challenging conditions to continue for the remainder of its financial year with a medium-term improvement.

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

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

DealMakers Annual Awards

The top advisory firms for 2018 were recognised at the DealMakers Annual Awards Banquet this week

Thorts - The future for Africa’s mining sector

Signs are starting to point, once more, to the potential for the mining industry as a vital contributor to the social and economic development of SA...

BUDGET2019: Hard reality check for Eskom, public wage bill and no love for taxpayers

In a hard-hitting Budget that bluntly put a daily R1-billion price tag on borrowing costs, Finance Minister Tito Mboweni pulled off a political juggling act "in...

21 February 2019

Eskom powered by budget bailout

A R23 billion bailout for Eskom this year will add to government’s spending burden and a rising budget shortfall.

EOH chairman quits for the sake of good governance

Under new CEO Stephen van Coller, the group has committed to strict corporate governance and has appointed ENSafrica to review all public-sector contracts.

European diners boost Bidcorp’s sales

The food services group’s European operations were the stand-out performers in the first six months of its financial year.

intu scraps dividend after tough year

The retail property group plans to retain cash and pay down debt after weak sentiment diminished the value of its shopping centres.

Tiger Brands gets inflationary lift

The branded foods group says it's benefitted from selling price category in a number of categories but hasn’t been able to recover cost increases.

Zapiro: Budget 2019

20 February 2019

Clover buyout still likely, despite opposition

While Brimstone may pull out of the consortium offering investors R25 per share, analysts believe it has enough support from shareholders to succeed.

Should you divest of your Clover shares?

There is a good argument to be made that the Milco buyout at R25 represents decent value for current shareholders...

Lower exports fail to derail Kumba’s dividend

The iron ore producer is returning all of last year’s headline earnings to shareholders through its dividend payments.

AngloGold Ashanti to sell more mines

The gold producer is divesting of mines that don’t deliver the returns it can achieve with other opportunities.

Comair loses altitude on rising fuel prices

The airline will take delivery of six new aircraft this year which will mitigate high fuel prices and enhance the potential revenue per flight.

What is your password?

Do you change your passwords often? Of course not! We are too busy...

19 February 2019

Amplats steps up dividends after strong year

The platinum producer has improved its payout ratio after restructuring its operations to strip out loss-making ounces and become more efficient.

Implats recovers on rising prices

The platinum producer has swung back to profit, assisted by an improved performance from its Rustenburg mines.

African Phoenix to buy back prefs as part of new strategy

The group is simplifying its capital structure to support its growth as an investment holding company.

Aveng continues with disposals

The infrastructure and resources group has sold its Infraset business to the Colossal Africa Consortium for up to R200 million as part of its restructuring.

What does the PIC teach us about responsible investment?

It would be hard to overstate the importance of the Public Investment Corporation to the South African economy and to our society more broadly.

The Week Ahead of 19 February 2019

#ChrisGilmour: Is the S&P 500 reaching resistance?

Zapiro: Big Talk

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