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20 August 2020
Following a big impairment last year, the retail group has written down UK chain by a further R2.8 billion.
While there has been a decline in enrolments since January, the private schools group is still showing year-on-year growth in learners.
Moody's, the ratings agency, made the point recently that COVID-19 is driving business activity in America.
Ralph Mupita has been CFO since 2017 and has played a critical role in developing and executing its strategy, capital allocation and financial performance.
The group is focused on new model launches and has approved a big investment to support new vehicle projects.
The insurer will book R7.8 billion in impairment charges after Covid-19 impacted the value of its international businesses.
The short-term insurer has been impacted by lower underwriting and investment results, as well as impairments.
After a strong start to the year, the engineering and construction services group says Covid-19 contributed to a perfect storm.
The freight, logistics and financial services group says cash generation remains strong, as does its balance sheet.
19 August 2020
The diversified resources group says it should still generate returns due to its diversified portfolio of high-quality assets.
The cement producer has delayed the release of its annual results due to disruptions caused by Covid-19 and after restating its 2019 numbers.
The platinum producer has now bought back close to half the preference shares issued to fund its empowerment deal.
The real estate investment trust says it will stick to its dividend policy despite the impact of Covid-19.
The real estate investment trust is tweaking its model so it can pay out less to A shareholders due to Covid-19.
The residential property developer held off on a final dividend last year due to uncertainty about Covid-19.
18 August 2020
The exact amount to be raised will depend on how much the energy and chemicals group gets from asset disposals.
The group will dispose of its meat processing business in two separate transactions worth a total of R428 million.
The construction materials and bulk commodities producer will acquire a 25 percent stake in Coza from ArcelorMittal as part of the transaction.
The insurance group says there has also been a data breach following a cyber attack on one of its subsidiaries.
The branded food producer will report a decline in interim earnings after it incurred extraordinary expenses as a result of Covid-19.
17 August 2020
The sugar producer and agri-business says the restructuring has better positioned it to ride out Covid-19.
After a strike at its gold mines last year, the precious metals producer will return to a strong profit thanks to higher metals prices.
Apart from the impact of Covid-19, the retailer has also been affected by new accounting methodology.
The industrial holding company will report a basic loss after Covid-19 and the weak polymer market resulted in impairments.
The minerals exploration and development company has raised the resource estimate of its Toral project by 40 percent.
S&P 500 almost back at record highs.
The drilling specialist says many of the 23 countries where it operates imposed restrictions due to Covid-19.
14 August 2020
The investment group said it is confident that a recapitalisation on top of steps taken by management will support the struggling fashion chain.
It seems an eternity since West Texas Intermediate (WTI) May Futures traded at minus $40/bbl.
The restaurant group says the board of GBK is reviewing options available to the business after it cut off further financial assistance.
The cement producer is negotiating a more sustainable structure for debt in the DRC and may pursue a rights issue.
The resources group has reported a strong increase in first-half earnings as a softer currency helped offset lower thermal coal prices.
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
Weekly summary of Merger & Acquisition activity by South African companies
The metals processing company has secured material for its Windsor recovery plant while increasing its processing capacity.
Weekly summary of corporate finance activity by South African exchange listed companies
Description: Many companies may be trading in insolvent circumstances, potentially in contravention of the Companies Act 71 of 2008 (Act).