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20 March 2020
The mass market bank and lender has defended the resilience of its business model following a sell-off of its shares this week.
The bank says it is taking steps to protect stakeholders and has appropriate capital, liquidity and funding buffers in place.
The group is reviewing its capex plans for the year due to the expense of fixing the converter plant at its Waterval smelter.
The technology group is halfway through a two-year turnaround as it cuts costs, sells non-performing businesses and reduces debt.
The investment group has grown its intrinsic value during a turbulent period thanks to an increase in the value of the data network operator.
Weekly summary of Merger & Acquisition activity by South African companies
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
: Weekly summary of corporate finance activity by South African exchange listed companies
Businesses should be well aware of the risks involved, the regulatory requirements and licences necessary, before entering into the Cannabis market
19 March 2020
The manufacturer has benefited from new vehicle launches but says it is already seeing declines in new vehicle sales and exports due to the pandemic.
The branded food producer and distributor has benefited from improving profit margins and a lower interest bill.
Sasol is under considerable pressure, with massive loss of value for shareholders. Ingham Analytics issues a timely Macro Insight on the oil market.
The residential property developer says it is keeping a close watch on the Covid-19 virus despite strong demand for its lifestyle apartments.
The cement producer says year-to-date sales are down in SA but most of its international operations have continued to grow revenue.
The telecommunications solutions company credits a debt recovery for the improvement.
The mining services group is no longer selling its Nkomati Anthracite and Benison Coal operations but has earmarked others for disposal.
18 March 2020
The oil and chemicals group has outlined a package of measures aimed at resetting its balance sheet so it can endure a low oil price.
The company has reported a small rise in first-half earnings but the outlook is uncertain due to the impact of Covid-19.
The hotel and casino group says the authorities have closed its operations and there is no certainty on when they will be allowed to reopen.
The network is ensuring that it has enough network capacity to enable people and businesses to seamlessly work from home.
The platinum producer will process most of the metal it used to deliver to Amplats using spare capacity at its Markina operations.
The diversified mining company says the polyhalite project supports its ongoing transition to supplying essential metals and minerals to meet evolving needs.
17 March 2020
Restricted trading in several European countries will place pressure on tenants and rentals as governments try to contain the coronavirus.
The insurance giant says it is likely to miss its targets this year due to market disruptions and weaker growth.
Investec decided against a global offer of its shares due to current market volatility.
Ingham Analytics say that such is the immediacy and savagery of the international equities sell-off that even if you wanted to liquidate to cash in an...
The group says its production facilities and operations were unaffected after it restricted access to its IT infrastructure.
The group blames weaker demand, particularly in its home market, and a rising interest bill due to higher inventory levels.
The investment group says a deal could not be concluded on acceptable terms and further financial support was not forthcoming.
16 March 2020
Capitalworks is offering shareholders R21 per share to take the company private, with the option of retaining unlisted stock.
The first phase of a restructuring process will result in costs of about R1.5 billion, which will affect earnings this year.
The Medscheme owner says its growing trading businesses contributed to a strong rise in first-half operating profit.
The coal producer says it has made good progress with the Makhado coal project as it targets the premium hard coking coal market.
The real estate investment trust says occupancy numbers are satisfactory but it is unable to push through big rent increases due to the weak economy.
Expect another volatile week on global financial markets