21 September 2020

SPAR trading under surreal conditions

The wholesaler and retailer has benefitted from strong sales in Switzerland and Ireland and the weaker rand.

Investec flags lower earnings

The banking group has faced reduced economic activity, volatile markets, declining interest rates and a weaker rand.

Telkom reports mixed impact from Covid-19

The telecoms group says demand for mobile data has helped push it into number 3 position in the mobile market.

The COVID Currency Survival Guide for Corporates

What larger companies need to know about foreign exchange (FX), both during and after COVID-19.

Thorts - Amending preference share terms without triggering tax

The strain on cashflow due to COVID-19 is anticipated to impact the ability of companies to redeem preference shares, or to pay scheduled preference share dividends.

The Week Ahead

Possible second wave of coronavirus sparks fears of nationwide lockdowns in parts of Europe.

RMH expects property sector to remain tough

Due to the uncertainty around the duration of the Covid-19 pandemic, it cannot forecast the impact on the value of its property investments.

Hulamin to report biggest losses due to Covid-19

The aluminium products manufacturer says local and export sales declined due to the pandemic, while its factories were also affected.

EPP still considering interim dividend

The Polish real estate group says interim distributable income will be up to two-thirds lower as it remains focused on retaining maximum liquidity.

18 September 2020

Woolworths expects no respite for now

After a tough second half, the retailer says the trading environment will remain challenging and uncertain for the foreseeable future.

Hyprop guides on lower earnings

The shopping centre owner says it is considering different options to settle its interim dividend and the declaration of a final distribution.

BA(D) 900 news?

Ingham Analytics analyses the July 2020 BA900 returns for the South African banking system.

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

Weekly summary of Merger & Acquisition activity by South African companies

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

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

Thorts - Amending preference share terms without triggering tax

The strain on cashflow due to COVID-19 is anticipated to impact the ability of companies to redeem preference shares, or to pay scheduled preference share dividends.

OneLogix holds dividend as profit declines

The niche logistics group has laid of 5 percent of its workers as it right-sized its business.

Blue Label bids adios to Mexico

The company is selling its non-controlling interest in Mexico as its focuses on its local distribution businesses.

Corporate finance activity of the week

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

17 September 2020

Motus withholds dividend as car sales stall

The automotive group says it will reassess the resumption of payouts this year depending on its trading results.

Discovery reveals the impact of Covid-19

The financial services group has held back on a dividend and says payments will only resume when appropriate.

Record dividend as Pan African cashes in on higher gold price

The mining company has beaten full-year production guidance despite the impact of Covid-19 on its operations.

USDZAR hits 16.20!

Should you double down on rand or switch to US dollars?

Brait receives Iceland cash

The investment group says members are returning to its Virgin Active gyms while food group Premier has had a strong first half.

Mpact declares force majeure at Springs operation

The paper and packaging group says the impact on earnings remains uncertain as it waits for power to be restored to its paper mill.

16 September 2020

Load shedding proves a drag on TFG

Adding insult to Covid-19 injury, the retail group has lost about 15,000 trading hours due to load shedding.

Harmony targets higher production

The gold miner says the acquisition of the Mponeng mine will help lift production in the year ahead.

ARC Investments plans rights issue

Funds raised will be used to pay for existing and new investments and settle an outstanding fund management fee.

PPC falls as adds asset sales to a possible rights issue

Its shares fell sharply after it said asset sales are also on the cards as its battles to reduce debt.

Covid-19 dents Transaction Capital growth record

The company will report a decline in earnings but says the taxi industry has rebounded and it expects benefits from WeBuyCars.

Remgro flags profit decline

The investment company says most of its underlying investments have been affected by the Covid-19 pandemic.


15 September 2020

Bidvest delivers credible performance

Incoming CEO Mpumi Madisa will take the reins as the services and trading group recovers from the impact of Covid-19.

Metrofile increases dividend after resilient performance

The documents storage business, which is the target of a proposed takeover, says it has benefitted from annuity income streams.

Steel yourself

If you're a shareholder in Kumba (of which Anglo American owns 70%), BHP, Fortescue and Rio Tinto you'll be interested in what is driving iron ore...

Volatility is predicting something extraordinary this November…

Futures on the Volatility Index (often called the VIX) are showing an unusual pattern in terms of their pricing.

Harmony gets green light for AngloGold mines

The Department of Mineral Resources and Energy approved the transfer of the West Wits mineral rights to Harmony with no conditions.

Jubilee Metals gets Zambian licence renewed

The metals processing company says it will be in the position to produce its first copper concentrate within three months.

Astral claims limited Covid-19 impact

Operating profit and headline earnings will be lower due to additional costs and the impact of the lockdown on chicken prices.

Grand Parade’s losses widen on Covid-19

The investment group has accelerated the sale of non-core assets in response to the pandemic.


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