NEWS ARCHIVES


24 December 2019

AngloGold streamlines portfolio with Sadiola sale

The mine in Mali is one of three the gold producer had earmarked for disposal.

intu sells Spanish centre to cut debt

The shopping centre owner is also in advanced talks to sell another centre as it fixes its balance sheet.

Anglo reaches Minas-Rio milestone

The diversified miner has received the final operating licence it needs for the tailings facility at its Brazilian iron ore mine.

Ingham Analytics issues a note on Kumba Iron Ore Ltd entitled “Earnings forecast to double in 2019”

Ingham Analytics have updated their earnings on Kumba. Find out more here.

Sebata hit by slowdown in government work

The ICT company says public sector spending is under scrutiny as the government tries to reverse endemic corruption.

Prosus bruised in Just Eat food fight

Just Eat continues to recommend that shareholders accept the Takeaway.com offer as it gains more acceptances.




23 December 2019

Ascendis reports healthy Remedica sales

Share in the pharmaceuticals group have tumbled further despite strong growth at Remedica, which has been marked for sale.

Weak trading weighs on JSE earnings

Once-off charges and a decline in trading activity will leave earnings up to 26 percent lower this year.

Glencore’s Katanga buys land for tailings facility

The land will help Kamoto Copper Company operate its mines, facilities and infrastructure more efficiently.

PSG sells Alaris stake to Tadvest

The investment group says the disposal is in line with its strategy to focus on core investments and to hold controlling interests.

Prosus bruised in Just Eat food fight

Just Eat continues to recommend that shareholders accept the Takeaway.com offer as it gains more acceptances.




20 December 2019

Prosus and Takeaway.com vie for Just Eat

Both companies say higher offers made yesterday are final and Just Eat shareholders have until 10 January to make up their minds.

AngloGold pours first gold at Obuasi

The gold producer expects to produce gold at an annual run-rate of 350,000 to 400,000 ounces a year for the next 10 years.

Gemfields gets export duty reprieve

The additional tax place it at a disadvantage to Colombia and Brazil, which have no export duty and low mineral royalties.

Stefanutti obtains more funding

The construction group has received a third tranche of funds and says it is exploring longer term cost-effective funding solutions.

Bidvest in talks

The industrial services group says it is in negotiations that could affect the price of its shares if they are successfully concluded.




19 December 2019

Jonas takes the chair at MTN as Nhleko bows out

The former deputy finance minister has been a non-executive director since June last year.

Stenprop sells German property

The property investor is channeling the proceeds from asset sales into its growing portfolio of multi-let industrial properties in the UK.

NEPI Rockcastle gets more firepower

The Central and Eastern European shopping centre owner has signed a new revolving credit facility which will help fund growth.

Kibo says cheap shares present a buying opportunity

The energy company says its shares are undervalued by about 80 percent relative to its net asset value.

Europa Metals encouraged by Toral testwork

An independent metallurgical report shows saleable concentrate quality of the lead, zinc and silver, with good grades reported for each concentrate.




18 December 2019

Sasol finally cracks it at Lake Charles

The oil and chemicals group says its ethane cracker is now producing at 85 to 90 percent of capacity after it took steps to fix it.

Ascendis slumps as Remedica sale falters

The group says it will still try and sell the business but only at a price that reflects its market value.

Healthcare contract buoys Afrox

The gases and welding group will report a big rise in full-year profit thanks it its growing healthcare business.

Kore Potash on track with DX project

The potash exploration and development company says there is potential to reduce capital and operating costs for the project.

Renergen lifted by gas discovery

The company has invited proposals from interested parties on gas fired power solutions as well as those looking to receive power in the Free State.

NEPI Rockcastle sells Romanian offices

The Central and Eastern European landlord says it will use the proceeds to fund its pipeline of acquisitions as it grows its retail exposure.




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