02 April 2020

Moody’s downgrades SA banks to junk

The ratings agency says borrowers will find it more difficult to repay loans due to the weak economy, resulting in higher credit impairments.

The JSE All Share isn’t alone, and neither is the rand

Ingham Analytics issues an Equity Searchlight entitled "The JSE All Share isn’t alone, and neither is the rand."

Zeder announces Pioneer windfall

The special dividend is less than planned as the investment group is holding some of the sale proceeds back due to uncertain market conditions.

Afrimat to keep producing iron ore

The materials group says the government has created exemptions for goods deemed critical to the health of the economy and its recovery post-crisis.

York battles against cheap imports

The timber producer says dumping of uncertified Brazilian plywood resulted in a sharp decline in international prices.

Attacq withdraws dividend guidance as it works with tenants

The REIT has already paid its interim dividend but says it does not know how its full-year payout will be affected by Covid-19.

Net1 says fee income will come under pressure

The fintech and payments group says while the third-quarter impact will be muted, the three months to June are the ones to watch.



01 April 2020

Sasol guards against ongoing volatility

The oil and chemicals group has put hedges in place as it warns that weaker demand and pricing could impact earnings this year.

Sanlam lines up new leadership

Former Old Mutual executive Paul Hanratty replaces CEO Ian Kirk, who will stay on until December to help address Covid-19 challenges.

Harmony shuts underground mines

The gold producer says output from its SA mines will fall by around three quarters during the 21-day lockdown.

RMH assessing optimal timing for FirstRand unbundling

The investment holding company says it is committed to the restructuring of its portfolio but Covid-19 has caused unprecedented market turmoil.

Capital & Regional’s tenants behind on their rent

The community shopping centre owner says it is engaging with retailers after collecting just half of its second-quarter rent.

What does COVID-19 mean for your personal finances?

The coronavirus that started in Wuhan in China in late 2019, has now engulfed the world and wreaked havoc upon the global economy.

Covid-19 adds to Workforce’s challenges

The group says while some of its clients and businesses have been affected by the lockdown, it has the resources to deal with the situation.




CORPORATE ANNOUNCEMENT BY: Unicorn Capital Partners Limited


31 March 2020

Insurers prepare for Covid-19 claims

Sanlam says it has a R760 million pandemic reserve created specifically for an event of this nature while Santam is assessing its exposure.

EasyEquities sees demand for beaten-down shares

Sasol is attracting significant attention from clients following a massive decline in its share price this year.

The Market’s Twin Towers

Ingham Analytics issues a note on the role of liquidity in the efficient function of markets.

Sappi reports falling demand due to Covid-19

Orders for graphic paper and dissolving wood pulp have come under pressure but it expects packaging material to be more resilient.

Metair postpones dividend as it warns of lower earnings

The group says it wants to provide its underlying businesses with additional financial flexibility due to the impact of Covid-19.

Barloworld hunkers down for the long haul

The industrial group is implementing austerity measures but says its strong balance sheet should support it through a tough period.

Nampak gets temporary relief from weak rand

The diversified packaging group has also warned that prolonged disruption to its supply chain could impact future operating results and cash flows.

Sasol Khanyisa Public – Interim results release

The Sasol Khanyisa Public (RF) Limited interim financial results for the six months ended.


30 March 2020

Moody’s adds to the lockdown blues

At the next index rebalancing, government debt will be excluded from the World Government Bond Index after SA was junked by the ratings agency.

Anglo revises guidance on scaled-back operations

The diversified mining group has trimmed production guidance for coal and iron ore this year as it temporarily reduces its workforce and output.

South32 cuts back on spending due to Covid-19 uncertainty

The diversified mining group is trimming its capex budget and has suspended its share buyback programme in order to protect its finances.

Exxaro to help keep the lights on

The coal producer says it will keep supplying Eskom as well as export customers to help generate foreign exchange for the country.

Resilient withdraws dividend guidance

The shopping centre owner has been giving rental concessions to Edcon but may now receive no rent from the retail group at all.

The Week Ahead with Chris Gilmour 30 March 2020

Macozoma to take the chair at Vodacom

The well-known businessman replaces Jabu Moleketi, who has been on the Vodacom board for the past 11 years.

Mediclinic lines up new chair

Dame Inga Beale, the first CEO of Lloyds of London, will replace Dr Edwin Hertzog at the AGM of the hospital group in July.

27 March 2020

Mr Price prepares for lockdown sales knock

The value retailer says it will not make any local sales at all over the next three weeks, starting its 2021 financial year on the back...

Growthpoint going ahead with dividend payment

The real estate investment trust says given the current uncertainty it has withdrawn its full-year guidance.

Distell ready for alcohol-free lockdown

The wine and spirits producer is halting most of its production but will continue to make alcohol for sanitisers.

Ingham Analytics issues a note on South African banks entitled ““COVID-19 coup de grâce for banks”

Ingham Analytics has warned in several notes that the poor fiscal situation has repercussions for the big four banks in South Africa.

Weekly corporate finance activity by SA exchange-listed companies

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

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

Weekly summary of Merger & Acquisition activity by South African companies

Afrimat to suspend most operations

The industrial minerals, bulk commodities and construction materials group says it is too early to quantify the potential impact.

intu in talks with banks as tenants withhold rent

The shopping centre owner received less than a third of rent owed to it by the due date this week.

Capco halts share buybacks due to Covid-19

The London property owner says it is conserving cash as it negotiates payment plans with tenants who are affected by trading restrictions.

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

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

Thorts - Activist shareholder or appraisal investor?

Shareholder activism has gradually been increasing in the last decade, and plays an important and relevant role in our corporate society.

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