Our Investor Community enables you to discuss, analyse, blog, live chat and engage with likeminded people on JSE and USA-listed companies and more. FREE to join!
16 July 2019
The two divisional CEOs resigned with immediate effect ahead of the release of a report into public sector contracts.
The brewer said the decision not to proceed with the public offering was partly due to prevailing market conditions.
Bidvest will pay an enterprise value of R3.1 billion for the fleet management and logistics business.
The R245 million facility will be used to develop the west pit and modify the existing Vele Colliery processing plant.
It sometimes feels like I am a one trick pony… all I ever do when I write these is moan about how difficult conditions in South...
It was suggested that Pioneer may be about to make an acquisition or that Zeder could unbundle its stake in the food producer.
15 July 2019
Losses have narrowed but unless it’s given the space to stabilise its business, its ability to continue as a going concern will be hampered.
The aluminium products manufacturer is looking for new markets due to a decline in demand from the US and carmakers.
The gold producer has benefited from a restructuring but says protest action at its Barberton Mine has resulted in lost production days.
The real estate investment trust blames its stake in the UK shopping centre owner for its depressed share price.
The sports betting and horse racing group says it won’t be in a position to pay a final dividend as conditions continue to deteriorate.
Trump likely to turn his tariff attention to Europe shortly
12 July 2019
Cell C’s biggest shareholder says no material concerns or issues have been uncovered in a “deep dive” into the network operator's business practices.
Sales at the retailer’s Fashion, Beauty and Home divisions have picked up but conditions in Australia remain challenging.
The packaging group says it and the prospective buyer are fully committed to concluding the transaction.
Weekly summary of M&A activity by South African companies
Weekly summary of all M&A activity from across Africa (excluding South Africa)
The paper and packaging group will start trading under a single holding company structure at the end of the month.
Weekly summary of corporate finance activity by South African exchange listed companies
Egypt is emerging as one of the best reform stories in the EEMEA thanks to the approval by the IMF of financial assistance in 2016.
11 July 2019
The steel producer says cost-saving initiatives won’t be enough to counter the significant challenges it faces.
In the latest proposed merger in the property sector, the real estate investment trust says there’s compelling rationale for a tie-up.
Dovish comments made by US Fed chair Jerome Powell added to the rand’s strength.
We have all read the scary statistics explaining how few people will be able to retire comfortably in South Africa. If you haven’t, just know that...
10 July 2019
In a structured equity transaction, Kuwait’s Cale Street Investments will pay £186.3 million for half of the intu Derby shopping centre.
The property fund will use the proceeds of £12 million to pay down debt and fund capex requirements.
The platinum and chrome producer has reported an increase in third-quarter chrome production following a pit redesign.
The energy company says the change in approach to its application has provided further clarity on its coal to power project in that country.
The industrial group hasn’t received the subscription price from its prospective empowerment partner.