NEWS ARCHIVES


26 June 2020

Sun International brushes potential bid aside

The hotel and casino operator says its Latin American partner has not yet made an actual offer nor addressed any of its concerns.

Mr Price positioned for online growth

The budget retailer says it remains to be seen whether the growing move to online shopping is a permanent step change in consumer behaviour.

Tito’s shocker less of a shocker for Capitec

Of the listed JSE banks, which would you regard as having a lower risk profile, ABSA or Capitec?

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

Weekly summary of Merger & Acquisition 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

Hudaco optimistic about a better second half

The group says just as it was recovering from severe load shedding in December, trading conditions were overwhelmed by Covid-19.

Snacks and drinks sate AVI during lockdown

Sales at its Entyce and Snackworks divisions helped offset the impact of Covid-19 on its footwear and fashion businesses.

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

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

Thorts - Constitutional Court rules on Competition Commission’s disclosure of records of investigation

The Constitutional Court's decision in this matter has important implications for respondents in Tribunal proceedings who seek to access the Commission's investigative record

CORPORATE ANNOUNCEMENT BY: ALLIED ELECTRONICS CORPORATION LIMITED

CORPORATE ANNOUNCEMENT BY: PURPLE GROUP LIMITED




25 June 2020

Sweeter tidings from Tongaat

The agri group and land owner will report return to profitability when its releases its annual results at the end of next month.

Sun International plans rights issue

As it prepares for a cash call, a Chilean suitor may bid R22 per share for a controlling stake in the hotels and casinos group.

Brait's value topples due to Covid-19

The investment holding company says a R5.6 billion equity capital raise also contributed to a big decline in its net asset value per share.

Ball takes executive roll at PPC

Anthony Ball is non-executive chairman of Value Capital Partners, a big shareholder of the cement producer.

Implats’ ramp-up beats expectations

The platinum producer has lifted force majeure on its contractual deliveries and says most customers have elected to receive their metal.

Schroder trims dividend as a safeguard

The real estate investment trust says by retaining additional cash it will be better positioned to withstand the impact of Covid-19 on its portfolio.




24 June 2020

Sasol's Lake Charles on the cusp of completion

The last remaining unit at the US project is on track for beneficial operation by the end of September.

Pepkor plans R2 billion bookbuild

The capital raise is just the latest in the retail sector aimed at reducing debt or funding growth opportunities created by the Covid-19 crisis.

intu puts administrators on standby

If it is unable to negotiate a deal with its lenders, the shopping centre owner may have to enter administration.

CMH cuts its cloth to fit new Covid-19 reality

The automotive group is adjusting its inventory to match reduced demand for vehicles as it also scales back its car rental business.

Peregrine says volatility is likely to continue

The financial services group says its investments and assets under management remain well diversified as markets experience continued volatility.

Mpact warns of Covid-19 earnings impact

The packaging group says the lockdown resulted in reduced demand for its packaging, while some non-essential lines stopped operating.

CORPORATE ANNOUNCEMENT BY: ELB GROUP LIMITED

CORPORATE ANNOUNCEMENT BY: CMH




23 June 2020

Telkom disconnects dividends for now

The telecoms group says it needs to preserve capital due to Covid-19 and as it prepares for an imminent auction of valuable spectrum.

Growthpoint says the worst may be behind it

While it entered the Covid-19 crisis with a strong balance sheet and prudent cash-flow management, it may still reconsider dividend payouts.

Stor-Age remains resilient in the face of Covid-19

The self storage property specialist has increased its final dividend but says it is not providing any guidance for the year ahead.

BA900 isn’t a British Airways service to Jo’burg

If you are a shareholder in a listed JSE bank you'd want to be up to speed with the newest data at the best of times...

Omnia rallies on profit turnaround

The chemicals, fertiliser and explosives group has reduced debt significantly after a R2 billion rights issue last year.

Switzerland joins Glencore probe

The Swiss Attorney General is investigating the company for failing to have measures in place to prevent graft in the DRC.

City Lodge plans R1.2 billion rights issue

The hotel group needs to reduce debt and cover a cash shortfall as most of its hotels remain closed due to the lockdown and travel restrictions.

CORPORATE ANNOUNCEMENT BY: DATATEC LIMITED

CORPORATE ANNOUNCEMENT BY: City Lodge Hotels Limited




22 June 2020

Covid-19 puts the brakes on Motus

The automotive group plans to close dealerships and scale back its car rental business due to the economic impact of the coronavirus.

Merafe and Glencore to lay off workers

The companies have commenced a section 189 process due to the worsening operating environment across the local ferrochrome industry.

Hulamin warns of wider losses

The aluminium products manufacturer delayed the release of its 2019 results as it resolved certain accounting issues.

Telkom rallies ahead of results

The telecoms group will report a big drop in full-year earnings due to restructuring costs and Covid-19 related impairments.

Basil Read rescue process hindered by Covid-19

The business rescue practitioners still believe the full implementation of the rescue plan will get a better result than a liquidation.

The Week Ahead

Mixed signals from US equity markets.




First Page 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 Last Page