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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.
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.
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
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.
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.
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.
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
SENS
No change statement and notice of annual general meeting
Published date: 30-Sep-2020 11:54:00Extension of the KTH Sale Outstanding Condition Precedent
Published date: 30-Sep-2020 11:05:00YESTERDAY'S BEST READ
The private equity investor took a stake in Brait just before Covid-19 resulted in the closure of gyms and non-essential retailers.
The investment holding company says the pandemic impacted the earnings of the companies in its portfolio.
The events of 2020 have placed renewed importance on organizations' ability to deal with widespread uncertainty, disruption, and change.
