NEWS ARCHIVES


16 July 2019

EOH executives quit

The two divisional CEOs resigned with immediate effect ahead of the release of a report into public sector contracts.

AB InBev pulls Hong Kong listing

The brewer said the decision not to proceed with the public offering was partly due to prevailing market conditions.

enX sells Eqstra to Bidvest

Bidvest will pay an enterprise value of R3.1 billion for the fleet management and logistics business.

IDC puts up funding for Makhado

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

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...

PFG and Zeder cautionaries raise speculation

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

Steinhoff’s murky future

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.

Hulamin addresses flagging demand

The aluminium products manufacturer is looking for new markets due to a decline in demand from the US and carmakers.

Pan African beats targets

The gold producer has benefited from a restructuring but says protest action at its Barberton Mine has resulted in lost production days.

Rebosis offloads New Frontier stake for R700

The real estate investment trust blames its stake in the UK shopping centre owner for its depressed share price.

Phumelela hobbled by more hurdles

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.

The Week Ahead of 15 July

Trump likely to turn his tariff attention to Europe shortly




12 July 2019

Blue Label plays down Cell C letter

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.

Woolworths back on trend

Sales at the retailer’s Fashion, Beauty and Home divisions have picked up but conditions in Australia remain challenging.

Nampak makes progress with glass disposal

The packaging group says it and the prospective buyer are fully committed to concluding the transaction.

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)

Mondi ready for simplified structure

The paper and packaging group will start trading under a single holding company structure at the end of the month.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Investing in Africa: Why Egypt?

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

Jobs on the line as AMSA warns of losses

The steel producer says cost-saving initiatives won’t be enough to counter the significant challenges it faces.

Emira makes a play for SA Corporate

In the latest proposed merger in the property sector, the real estate investment trust says there’s compelling rationale for a tie-up.

Rand gains on Kganyago reappointment

Dovish comments made by US Fed chair Jerome Powell added to the rand’s strength.

Delay spending, Invest and be rewarded

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

intu sells Derby stake to cut debt

In a structured equity transaction, Kuwait’s Cale Street Investments will pay £186.3 million for half of the intu Derby shopping centre.

Texton winds up Chobe Tesco sale

The property fund will use the proceeds of £12 million to pay down debt and fund capex requirements.

Tharisa’s year improves

The platinum and chrome producer has reported an increase in third-quarter chrome production following a pit redesign.

Kibo to split Tanzania licence in seven

The energy company says the change in approach to its application has provided further clarity on its coal to power project in that country.

PSV scraps empowerment deal

The industrial group hasn’t received the subscription price from its prospective empowerment partner.




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