NEWS ARCHIVES


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.




19 June 2020

Jobs at risk as Sasol unveils new look

The leaner Sasol 2.0 will focus on its core Chemicals and Energy businesses to ensure that it remains sustainable at lower oil prices.

AMSA plans large scale restructuring

The steelmaker says previous cost-saving initiatives will not be enough due to the impact of Covid-19 on its business.

New hands on the financial tiller

Which JSE listed mining company has a market capitalisation 40% larger thank Anglo America...

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)

TFG fashions cash call due to ongoing uncertainty

The retail group wants to reduce its debt and have cash on hand to take advantage of any opportunities that arise.

Curro plans rights issue as it eyes opportunities

Majority shareholder PSG Financial Services will follow its rights and mop up more shares if they are not taken up by minorities.

Naspers warns of lower earnings following Prosus unbundling

Results have been distorted by the listing of Prosus last year, while Covid-19 may impact its 2021 numbers.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Dealmaking in a tense global environment

The challenging commercial environment has served as a catalyst for innovation, resulting in an evolution of dealmaking that requires greater agility and flexibility

CORPORATE ANNOUNCEMENT BY: IMPERIAL LOGISTICS LIMITED




18 June 2020

Massmart suffers alcohol-free hangover

Massmart says its losses will widen after it lost billions of rands in sales and it is borrowing R4 billion from parent group Walmart just in...

Aspen and Ascendis climb on dexamethasone trials

A clinical trial found that the steroid treatment reduced the death rate in patients requiring respiratory intervention as a result of Covid-19.

Tongaat to reduce debt with eSwatini sale

The sugar producer and land owner is disposing of non-core businesses in a bid to reduce debt by at least R8.1 billion by next March.

Implats declines Waterberg option

The platinum producer says it will remain an active participant in the development project and will retain its minority shareholding.

Italtile sales dented by Covid-19

The tile manufacturer and retailer expects sales to continue recovering after they ground to a halt in April.

HCI hit by Covid-19-related impairments

The investment company has reported a basic loss after impairing its hotel and gaming interests, as well as some oil and gas exploration assets.

CORPORATE ANNOUNCEMENT BY: TONGAAT HULETT LIMITED

CORPORATE ANNOUNCEMENT BY: PRIMESERV GROUP LIMITED




17 June 2020

Discovery sets billions aside for Covid-19

The health insurer and financial services group says full-year earnings will take a hit and it will not pay dividends until it is appropriate to.

Bidcorp sees quicker recovery

Although sales have picked up sooner than expected, the food services company says it is too early to determine whether it will pay a dividend.

Zeder sells Quantum stake to Country Bird

It will use the cash to support its other portfolio companies and may consider new investments, share buybacks or a special dividend.

Telkom to ring up lower earnings

The telecoms group says its full-year results were affected by retrenchment costs, Covid-19-related impairments and a decline in fixed-line business.

Wescoal flags full-year loss

The coal producer expects demand to improve from next month as the economy continues to reopen.

Delta holds back on dividend due to Covid-19

The real estate investment trust says it would not meet liquidity requirements if it made the payment due to its capex obligations.




16 June 2020

CORPORATE ANNOUNCEMENT BY: INVICTA HOLDINGS LIMITED

CORPORATE ANNOUNCEMENT BY: ATLANTIC LEAF PROPERTIES LIMITED

CORPORATE ANNOUNCEMENT BY: RMH

CORPORATE ANNOUNCEMENT BY: ZARCLEAR HOLDINGS LIMITED

CORPORATE ANNOUNCEMENT BY: ZEDER INVESTMENTS LIMITED

CORPORATE ANNOUNCEMENT BY: Sebata Holdings Limited




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