NEWS ARCHIVES


01 October 2020

Capitec takes a whack from Covid

The bank almost tripled its credit impairment charge as it provided for the full impact of Covid-19 on its credit book.

Covid pushes Sasfin into a loss

The bank says increased credit provisions and private equity devaluations were behind the big decline.

Adapt IT rallies on trading statement

The software and digital services provider says the resilience of many of its businesses has likely resulted in a rise in full-year HEPS.

Nampak jumps on new supply deals

New large contracts are expected to boost earnings next year and close the gap caused by the impact of Covid-19.

Barloworld starch acquisition will stiffen resilience

The industrial group says Tongaat Hulett Starch has been resilient during Covid-19, as have its equipment businesses.

PPC picks up more errors in its accounts

The cement producer has delayed the release of its results by another week as its sorts out prior year accounts.

CORPORATE ANNOUNCEMENT BY: TONGAAT HULETT LIMITED




30 September 2020

Netcare adopts more nuanced Covid approach

The average length of stay for Covid-19 patients requiring a critical care bed has fallen to about six days after peaking at 17.

Ascendis steps up asset sales

The pharmaceuticals group has appointed advisers as it accelerates the disposal of asset to reduce debt.

EPP remains cautious despite recovery

The Polish property group has held back on an interim dividend and may dispose of assets to strengthen its balance sheet.

AMSA to restart blast furnace

After idling the furnace in July, the steelmaker says demand has recovered faster than expected.

CMH dented by Covid impact

The car dealership and rental group says its operations were closed at the height of the lockdown as they were not essential services.

Calgro warns of wider loss due to Covid-10

After returning to profitability in the second half of last year, the property developer says Covid-19 impacted its performance this year.

CORPORATE ANNOUNCEMENT BY: ASCENDIS HEALTH LIMITED




29 September 2020

Alviva supported by home workers

The ICT company has seen healthy demand for its products and services due to remote working requirements.

Liberty Two Degrees reports improving conditions

The mall owner says footcount at its Eastgate shopping centre is almost back to the same level as last year.

Rhodium smashes through record highs. Should you be buying?

The rhodium market has been a speculator's dream over the last nine months.

Ant(icipating) a listing

With Ant Group, an associate company within the Alibaba stable, planning an IPO in Shanghai and Hong Kong the financial services company is opening up disclosure.

Four statistics that illustrate the business value of SAP HANA

The events of 2020 have placed renewed importance on organizations' ability to deal with widespread uncertainty, disruption, and change.

Remgro feels the impact of Covid-19

The investment holding company says the pandemic impacted the earnings of the companies in its portfolio.

EPE presents gloomy outlook

The private equity investor took a stake in Brait just before Covid-19 resulted in the closure of gyms and non-essential retailers.




28 September 2020

Famous Brands writes off the rest of GBK

The group will report an interim loss due to operational losses and the final impairment of its GBK burger investment.

Hammerson wraps up capital raise

The London and JSE-listed property development and investment company says the vast majority of shareholders took up their rights.

EPP may sell assets to reduce debt

The Polish landlord is not paying an interim dividend and is planning disposals to bring down its loan to value.

RMI holds back on dividend as insurance

The investment holding company says its position will be dynamically assessed over the coming months.

Ailing Advanced Health to sell hospitals

The hospitals group has put four SA businesses up for sale and received an offer for the others.

The Week Ahead

Tesla unveils battery game-changing technology on the near horizon.




25 September 2020

Resilient Fairvest sticks to distribution

The shopping centre owner says its focus on lower-LSM markets in non-metropolitan areas shielded it from the worst of the lockdown.

Investec Property Fund goes ahead with dividend

The fund is in a stronger position after selling Belgian properties and an interest in its Pan-European logistics portfolio.

Texton mulls new distribution policy

The property fund says it will take advantage of a two-month extension before deciding on its final payout for the past year.

All that glitters?

Ingham Analytics have published their latest thinking on the gold market.

Covid-19 scuppers Grand Parade

The investment group says the pandemic eroded all the gains it achieved in the first half of the year.

Nutritional Holdings benefits from cannabis deal

The pharmaceuticals group says its management agreement with Ukusekela is already bearing fruit.




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