Rolfes holds back on dividend as talks continue

After paying a 4c interim dividend, the specialty chemicals group said it had deferred consideration of a final payout due to buyout talks.

No dividend as Trencor prepares for Textainer listing

The group plans to repurchase shares in an odd-lot offer and will unbundle its Textainer holding to shareholders.

MC gears up for Makhado

The coal producer says it expects to start Phase 1 of the project before the end of March.

Strike and cheap imports hit York Timber’s earnings

The group made a strong comeback in the second half of the year and has implemented measures to safeguard its operations.

The Week Ahead 30 September 2019

Trade tension coupled with a possible Trump impeachment roil equity markets.

Grit misses target after London listing

The pan-African real estate company says currency headlines and the costs of corporate activity reined in its total shareholder return.

Conduit Capital weighed down by weak economy

The group has swung to a loss due to mark-to-market losses on its equity portfolio and weaker results from its motor books.

Nampak cracks R1.5 billion glass sale

The packaging group has sold its glass unit to a joint venture between Kwande Capital and SA Breweries.

Clover sets delisting date

The dairy and drinks group says all conditions for its takeover have been fulfilled.

Gemfields has cash left after buybacks

The coloured gemstone miner says it will announce what it plans to do with its surplus money at the end of next month.

Net1 falls into a loss on Cell C, SASSA

The payment systems group says it has now stabilised its SA business and is focused on turning a profit next year.

Safari wants to engage with Comprop

The shopping centre owner says an assessment by BDO puts the Comprop buyout offer at the lower end of a fair range.

Conduit warns of full-year loss

The investment group says the value of its equity investments declined as markets and business confidence came under intense strain.

Capitec still hiring as it adds customers

The bank plans to open more branches and is preparing to integrate Mercantile Bank as it expands into business banking.

Blue Label to degear after Cell C losses

The prepaid services and telecoms group has reported a significant full-year loss largely due to its investment in Cell C.

Truworths reaches a deal on Office debt

Despite ongoing challenging retail conditions in the UK, the retailer says Office has been suitably stabilised.

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

Weekly summary of M&A activity by South African companies

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

Weekly summary of all M&A activity from across Africa (excluding South Africa)

Clover mulling Tribunal’s conditions

The dairy and drinks group says the scheme is progressing but it reserves its right to appeal new restrictions.

Investec Property Fund reports rising bad debts

The increase in tenant failures and business rescues is one of the most significant risks facing the Fund.

IAPF launches bookbuild to fund acquisitions

The fund suspended trading in its shares as it raised new capital to pay for three industrial properties in Australia.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Taking Centre Stage: The Rise of Compliance Due Diligence in Africa

From a compliance standpoint the African continent is one of the most challenging regions in which to do business – making a CDD a critical element...

Ingham Analytics issues a note on BHP

Ingham Analytics says that for investors looking to play the recent oil disruption theme, BHP is one stock that benefits from higher oil prices.

Sibanye-Stillwater to cut jobs at Marikana

The group says the restructuring is aimed at ensuring the sustainability of Marikana, which is not a going concern as an independent entity.

AB InBev going ahead with $5 billion IPO

Budweiser APAC is expected to make its debut on the Hong Kong stock exchange next Monday.

Nampak to report a mixed performance

The packaging group has partly offset currency volatility and weak demand with operational efficiencies.

Rolfes flags full-year loss

The group has impaired its Agri and Water businesses due to the difficult trading environment and subdued outlook.

Wesizwe swings to a profit

The platinum producer will report a big improvement in first-half earnings as it progresses with the development of the Bakubung platinum mine.

RMI’s OUTsurance exits New Zealand business

OUTsurance subsidiary Youi plans to focus its attention on its Australian business.

Ingham Analytics issues a note on BHP

Ingham Analytics says that for investors looking to play the recent oil disruption theme, BHP is one stock that benefits from higher oil prices.

Brait rallies on restructuring moves

The investment group plans to slash debt, cut costs and restructuring its investment portfolio.

Tongaat revamps its board to hasten turnaround

Former Absa veteran Louis von Zener will chair Tongaat as it takes steps to sort out its accounts and turn around its business.

Strong support for Omnia rights issue

The chemicals, fertiliser and explosives group says its R2 billion capital raise was fully subscribed.

Mid Cap Darlings – Super Group

Who is behind the LuxLiner that delivers the church group to their annual church conference?

The Week Ahead of 23 September 2019

Expect more interest rate cuts across the globe.

Unicorn flags a headline loss

The mining services group says earnings for the year to end-June will be up, but its headline loss will widen.

Freedom property disposals stall again

The capital growth fund planned to use the proceeds to pay down its debt.