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25 May 2020
The bank has restructured loans amounting to R81 billion to affected customers as it prepares for a decline in profitability.
The oil and chemicals group says its full-year earnings will be at least 20 percent down from last year.
The casino operator will has booked large impairments as its casinos and bingo outlets remain closed under the lockdown.
The deal will give large shareholder Vukile Property Fund the opportunity to exit as it disposes of non-core investments.
Global unemployment remaining dangerously high.
The renewable energy investment company has written off its investment in Ignite Energy Projects as it focuses on its SA operations.
22 May 2020
The bank and wealth manager says the pandemic has already impacted trading income, investment income and expected credit 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.
Nulaid eggs recorded a first-half loss as prices fell and feed costs rose but the demand supply balance is expected to improve.
Ingham Analytics caution that South African sovereign debt is increasingly priced for default - how does that impact the banking sector?
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
Weekly summary of Merger & Acquisition activity by South African companies
The construction materials and bulk commodities producer says it is ready to capitalise on government infrastructure programmes aimed at stimulating the economy.
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 summary of corporate finance activity by South African exchange listed companies
Successful investors do not wait until a deal is on the table to start engaging with stakeholders, particularly regulators.
21 May 2020
The retailer says internal market research has identified attractive growth areas that a capital raise will enable it to pursue.
The group has deferred the declaration of a dividend to its next cycle when it has a better understanding of normalised trading conditions.
The maiden results from the asset manager following its recent demerger from Investec were marred by the recent Covid-19 market correction.
The group has impaired some export operations due to ongoing trading difficulties that have been exacerbated by Covid-19.
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.
The construction group will delist on 22 June, a week after Group Five also exits the exchange due to the slump in the sector.
The Fleet business was recorded as held for sale at the end of its most recent report period before the deal fell through.
20 May 2020
The food producer says its international segment was held back by reduced shipments to China and foreign exchange losses.
The logistics group says its resources are best conserved at this time due to ongoing uncertainty in the global economy.
Poseidon is an appropriate figure of speech as the mythological god was grumpy and powerful - and these are grumpy COVID-19 times.
The luxury goods group says the additional capital will help it weather potentially tougher times while supporting business development.
The mine-to-metals company is relocating its fine chrome recovery plant from DCM to one of its larger chrome sites.
The property fund is selling non-core assets as it focuses on strengthening its balance sheet and reducing debt.
19 May 2020
The poultry producer has also delayed a major capital programme to expand volumes as a result of the Covid-19 lockdown.
The shopping centre owner says once the market has normalised there will be a greater opportunity to explore alternative capital structures and solutions.
The retailer and wholesaler was unable to sell items that contributed more than half of its sales last year.
The residential property and memorial parks developer is exiting its rental portfolio and outsourcing construction as it reduces debt.
The residential property developer will reconsider a dividend once it has greater certainty about the impact of Covid-19 on its business.
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.
The specialist storage property fund says strong rental collections are evidence of the defensive and resilient nature of its business model.