20 April 2020

Implats exec arrested as workers return

The platinum miner recalled some of its workforce last week as it prepares to increase production under government guidelines.

Mediclinic puts off operations to focus on pandemic

The private hospitals group has suspended non-urgent elective surgery to deal with the coronavirus pandemic.

Road ahead uncertain as Zeder recovers

While providing essential services, the food and agriculture investment company says it is not to immune to challenges posed by Covid-19.

Murray and Roberts warns of Covid-19 hit

The engineering and construction services group says lockdown conditions will have a considerable negative impact on earnings.

The Week Ahead with Chris Gilmour 20 April 2020

Chinese GDP growth contracts to levels not experienced since the 1970s

Hulamin keeping a close eye on its cash

The aluminium products manufacturer says it is managing cash flows and costs daily as the lockdown continues.

Ecsponent plans pref share restructure

The small cap financial services company wants to convert R2.56 billion in preference shares into equity following a change to its business model.

17 April 2020

Vodacom increases capacity as demand soars

The network operator has applied for additional spectrum and plans to spend millions to add capacity due to more customers working from home.

Tiger Brands closes Durban bakery after Covid-19 scare

The fast-moving consumer goods group says staff who tested positive for the virus working in the admin building.

Ascendis finds buyer for Scitec as it accelerates disposals

The pharmaceuticals and healthcare group says the proceeds will be used to reduce debt and enhance its balance sheet and liquidity.

“A negative endowment”

Ingham Analytics have repeatedly warned about exposure to banking stocks in several notes and they say the recent cuts in interest rates reinforce their bearish stance.

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)

Truworths may exit Office: report

Sky News reports that a professional services firm has been appointed to run an accelerated sales process for the UK shoe chain.

HomeChoice pulls dividend for now

The direct marketer and fintech company says it will release a revised dividend timetable with its interim results in August.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - The Cannabis Industry in Africa – a growing trend

The substantial economic potential offered by properly-regulated Cannabis markets in Africa means that regulating the industry is becoming increasingly urgent




16 April 2020

Banks tumble as conditions deteriorate

Lower interest rates and the impact of Covid-19 and recent ratings downgrades are expected to weigh on earnings this year.

AngloGold Ashanti restarts most operations

The Mponeng gold mine in SA is the only one of its 14 operations where production remains suspended.

Net1 cancels Bank Frick option

The fintech group wants to maintain liquidity in the current uncertain environment and focus on opportunities closer to home.

CMH’s profit growth stalls

The automotive group says full-year earnings will be as much as 15 percent down on last year.

Datatec still mulling Brazil listing for Logicalis

The ICT group is determining the impact of market volatility on the timing of the potential flotation.

Schroder protected by diverse portfolio

The real estate investment trust has collected most of its rent for April but says it may postpone further dividends due to market uncertainty.

RMH to unlock billions through FirstRand unbundling

The investment holding company says shareholders will benefit by holding shares in the banking group directly.


CORPORATE ANNOUNCEMENT BY: Unicorn Capital Partners Limited

15 April 2020

Capitec toes the SARB’s dividend line

The bank had planned a final payout but decided to heed the guidance of the Prudential Authority to hold back on dividends.

Remgro moving ahead with RMH unbundling

The transaction will reduce the entry points to FirstRand and will result in Remgro shareholders holding a direct stake in the banking group.

Earnings, Earnings, Earnings - What will you pay for them now?

How far will earnings fall because of COVID-19? And, what would the market be prepared to pay for those earnings?

Sirius collects most of its rent despite Covid-19

The German-focused real estate group says it is reviewing requests for deferred rent payments from a small number of tenants.

PSG Konsult raises dividend after tough year

Wealth management and insurance made up for a weak performance from asset management as market volatility took its toll.

RMH to unlock billions through FirstRand unbundling

The investment holding company says shareholders will benefit by holding shares in the banking group directly.

Momentum Metropolitan buys Alex Forbes’ Namibian business

Alexander Forbes is exiting insurance so it can focus on its employee benefits operations and free up statutory capital.

14 April 2020

Standard Bank to proceed with dividend payment

The bank joins Absa and Nedbank in making their final dividend payment for 2019 but may hold back on any distributions this year.

Mondi pulls dividend due to Covid-19 uncertainty

The group says it will consider an additional interim dividend for 2019 when it has a clearer view of the impact of the coronavirus.

Quilter going ahead with AGM despite hurdles

The wealth manager has been unable to post its annual report and the notice of its annual meeting to all shareholders due to Covid-19.

Afrimat gets boost from iron ore production

The group will post a solid rise in full-year earnings thanks to its Industrial Minerals business and the Demaneng iron ore mine.

Zeder primes investors for higher earnings

The food and agriculture investment holding company says most of its businesses reported improved performances.

The Week Ahead

The coronavirus curves appear to be flattening.

Safari’s tenants withhold rent due to lockdown

The shopping centre owner says five large national retailers are among those who have not paid rent this month.

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