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14 March 2019
The real estate investment trust says it expects little to no growth from its SA property portfolio this year due to the weak economy.
The branded consumer goods group says last year was the toughest yet but it has a very clear growth strategy.
The hotels and casinos group plans to continue reducing its debt due to strong cash generation at its operations.
The paper and plastics packaging group benefited from an upgrade at its Felixton mill, lower recovered paper costs and rising containerboard prices.
The investment group has impaired its investment in Dunkin’ Donuts and Baskin-Robbins after liquidating them in December.
The investment group is moving out of asset finance as it takes advantage of the more to recycling and alternative energy.
The property fund is buying the building housing Australia’s Attorney General as it invests in well located, high quality assets.
13 March 2019
The construction and infrastructure group says shareholders have little chance of realising any value as it joins Basil Read and Esor in business rescue
The banking group’s first-half performance was also supported by a solid contribution from newly-acquired UK lender Aldermore.
The MedScheme owner has maintained its programme of expansion as it prepares for new public sector contracts.
AfroCentric has reported subdued first-half profit growth as it invests in new businesses across the healthcare value chain.
The industrial property company has increased its multi-let industrial portfolio to more than £250 million with the addition of Gainsborough Trading Estate.
The AltX-listed company has launched a scheme of arrangement, alongside a mandatory offer from large shareholder ARC.
The documents storage business says first-half HEPS will be up to 39% lower.
12 March 2019
The banking group’s results for 2018 are still impacted by its separation from former parent Barclays Plc.
The group missed its main profit target due to volatile markets and the weak SA economy as it announced R2 billion in share buybacks.
The consumer goods group’s first-half results were impacted by poor sales at Spits and restructuring at Green Cross.
The restaurant group says inconsistent power supply has further worsened consumer sentiment and negatively impacted its operations.
While geopolitical uncertainty dented ferrochrome prices last year, the company says Eskom remains a key risk factor in 2019.
The acquisition has offset flat revenue in the fishing group’s home market and lower revenue from Australia.
The investment holding company has reported lower profit due to the downward revaluation of some listed investments and losses at Lion of Africa.
A spike in mortality claims at Discovery and a normalisation of claims at OUTsurance resulted in an 8% decline in earnings.
11 March 2019
In the latest problem to beset the sugar producer, it says it may have to review financial statements from previous financial years.
The life assurer is paying an interim dividend of 35c per share after completing a R2 billion share buy-back programme.
The healthcare group says talks over its Remedica business continue while it’s making progress with the disposal of non-core businesses.
The engineering group says the Northern Cape zinc project has suffered setbacks that resulted in additional costs and delayed milestone payments.
The platinum and chrome exploration company says an improving chrome market will help its full-year earnings.
The group says shares acquired by its Executive Share Trust from a vehicle jointly owned by its CEO were bought on an arm’s length basis.
The sports betting group says given the trading pressures it faces in South Africa, its board may revise its dividend policy.
08 March 2019
The network operator plans to realise at least R15 billion over the next three years which it will use to reduce debt.
The bank’s operations outside SA now contribute close to a third of headline earnings.
The life assurer has raised its dividend by 8% despite a dip in earnings due to weak investments markets.
The pharmaceuticals group says it’s splitting its SA business to increase focus following the sale of its Nutritionals business.
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