NEWS ARCHIVES


25 May 2020

Nedbank calculates initial Covid-19 impact

The bank has restructured loans amounting to R81 billion to affected customers as it prepares for a decline in profitability.

Sasol slides on Covid-19, oil impact

The oil and chemicals group says its full-year earnings will be at least 20 percent down from last year.

Tsogo Sun in a spin over Covid-19

The casino operator will has booked large impairments as its casinos and bingo outlets remain closed under the lockdown.

Atlantic Leaf agrees buyout as property sector struggles

The deal will give large shareholder Vukile Property Fund the opportunity to exit as it disposes of non-core investments.

The Week Ahead

Global unemployment remaining dangerously high.

Hulisani warns of wider losses

The renewable energy investment company has written off its investment in Ignite Energy Projects as it focuses on its SA operations.




22 May 2020

Investec counts the cost of Covid-19

The bank and wealth manager says the pandemic has already impacted trading income, investment income and expected credit losses.

SPAR held back by Polish losses

The retailer and wholesaler says Covid-19 has delayed the restructuring of its Polish supermarkets and is likely to lead to higher food prices.

Quantum’s earnings crack on lower egg prices

Nulaid eggs recorded a first-half loss as prices fell and feed costs rose but the demand supply balance is expected to improve.

Say buddy, can you spare a dime?

Ingham Analytics caution that South African sovereign debt is increasingly priced for default - how does that impact the banking sector?

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

Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)

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

Weekly summary of Merger & Acquisition activity by South African companies

Afrimat well positioned for economic rebuild

The construction materials and bulk commodities producer says it is ready to capitalise on government infrastructure programmes aimed at stimulating the economy.

Hudaco prepares investors for no dividend

The group says it is preserving cash due to the impact of the lockdown on its businesses and uncertainty over when demand will return.

Weekly corporate finance activity by SA exchange-listed companies

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

Key considerations for SA companies investing abroad

Successful investors do not wait until a deal is on the table to start engaging with stakeholders, particularly regulators.

CORPORATE ANNOUNCEMENT BY: Investec Bank Limited

CORPORATE ANNOUNCEMENT BY: Investec PLC and Investec Limited




21 May 2020

Mr Price prepares to go shopping

The retailer says internal market research has identified attractive growth areas that a capital raise will enable it to pursue.

Dis-Chem holds back on dispensing dividend

The group has deferred the declaration of a dividend to its next cycle when it has a better understanding of normalised trading conditions.

Ninety One hampered by Covid-19

The maiden results from the asset manager following its recent demerger from Investec were marred by the recent Covid-19 market correction.

Impairments hit Tiger Brands’ earnings

The group has impaired some export operations due to ongoing trading difficulties that have been exacerbated by Covid-19.

Investec Property Fund benefits from offshore focus

The property fund says its expansion into European logistics properties is timeous given the accelerated shift to online retail as a result of Covid-19.

Esor to delist next month

The construction group will delist on 22 June, a week after Group Five also exits the exchange due to the slump in the sector.

enX earnings skewed by failed Bidvest deal

The Fleet business was recorded as held for sale at the end of its most recent report period before the deal fell through.

CORPORATE ANNOUNCEMENT BY: DISCHEMGROUP

CORPORATE ANNOUNCEMENT BY: STELLAR CAPITAL PARTNERS LIMITED

CORPORATE ANNOUNCEMENT BY: ALLIED ELECTRONICS CORPORATION LIMITED

CORPORATE ANNOUNCEMENT BY: ECSPONENT LIMITED




20 May 2020

Rhodes benefits from stockpiling

The food producer says its international segment was held back by reduced shipments to China and foreign exchange losses.

Santova holds dividend due to global trade uncertainty

The logistics group says its resources are best conserved at this time due to ongoing uncertainty in the global economy.

Poseidon and the other banking gods

Poseidon is an appropriate figure of speech as the mythological god was grumpy and powerful - and these are grumpy COVID-19 times.

Richemont bulks up balance sheet with bond sales

The luxury goods group says the additional capital will help it weather potentially tougher times while supporting business development.

Jubilee relocates plant to boost earnings

The mine-to-metals company is relocating its fine chrome recovery plant from DCM to one of its larger chrome sites.

Texton continues with disposals

The property fund is selling non-core assets as it focuses on strengthening its balance sheet and reducing debt.

CORPORATE ANNOUNCEMENT BY: RFG Holdings Limited

CORPORATE ANNOUNCEMENT BY: IMPERIAL LOGISTICS LIMITED




19 May 2020

Astral chickens out of dividend

The poultry producer has also delayed a major capital programme to expand volumes as a result of the Covid-19 lockdown.

intu seeks standstill as it risks covenant breaches

The shopping centre owner says once the market has normalised there will be a greater opportunity to explore alternative capital structures and solutions.

Lockdown puts pressure on Massmart’s sales

The retailer and wholesaler was unable to sell items that contributed more than half of its sales last year.

Calgro M3 in better shape to weather Covid-19

The residential property and memorial parks developer is exiting its rental portfolio and outsourcing construction as it reduces debt.

Balwin holds off on dividend

The residential property developer will reconsider a dividend once it has greater certainty about the impact of Covid-19 on its business.

Old Mutual Announces Digital AGM

In Staying with a digital mindset, Old Mutual, as part of their future development, has also unveiled an ambitious plan to create Africa’s biggest Digital Classroom.

Stor-Age sees demand returning

The specialist storage property fund says strong rental collections are evidence of the defensive and resilient nature of its business model.

CORPORATE ANNOUNCEMENT BY: Astral Foods Limited

CORPORATE ANNOUNCEMENT BY: BALWIN PROPERTIES




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