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27 August 2019
Naspers says the top 10 consumer internet giant will have an estimated market capitalisation of $100 billion on day one.
SA investors taking up stock in Prosus when it lists next month may be liable for capital gains tax.
The oil and chemicals group has revised its earnings guidance for the project lower due to problems at the Ethane Cracker.
The private education group has grown student numbers and earnings following a spate of acquisitions.
Global growth is cooling and the measures that central banks have to stimulate is limited.
The logistics group continues to benefit from positive momentum in the commodities cycle as consumer-facing business come under pressure.
More than a quarter of the retail property owner’s shareholders say they won’t support Comprop’s proposed R5.90 per share offer.
26 August 2019
Investors will get one share in Prosus for each Naspers share they hold when it lists next month.
The platinum producer says its current capital structure, project commitments and the difficult economy preclude the payment of a cash dividend.
With its non-core businesses held for sale, the freight and financial services group is focused on trade corridors and finance.
The aluminium products manufacturer says it has taken corrective action after a number of factors impacted interim earnings.
The property owner says it has had more visits to its shopping centre as retail spending by Eastern Europeans grows.
The specialised engineering and construction group expects a rebound in annual earnings and says its order book remains strong.
23 August 2019
The budget retailer says an imbalance in its clothing assortment resulted in bigger markdowns but it is seeing a spring recovery.
The life assurer and asset manager served CEO Peter Moyo with a further notice terminating his employment.
The tile maker and retailer said it ended the year with cash in excess of its requirements.
Weekly summary of M&A activity by South African companies
Weekly summary of all M&A activity from across Africa (excluding South Africa)
The diversified mining group says selling its SA coal operations will strengthen its balance sheet and improve margins.
The resources group has benefited from increased income from its investments and selling down its Tronox stake.
Weekly summary of corporate finance activity by South African exchange listed companies
The acquisition of Clover Industries
22 August 2019
The group says it is normal to engage with investors after making an announcement and they weren’t privy to any price sensitive information.
However, whilst there is noise and angst in the market at this time, depressing the share price to level seen ten years ago, Ingham Analytics do...
The private education and staffing group will report an increase in earnings when it publishes its interim results at the end of the month.
The mining holding company says full-year headline earnings will rise by as much as 28%.
The construction and infrastructure group’s business rescue practitioners says they will present a rescue plan on 30 August.
The investment group says annual earnings will be higher helped by an improvement at its Queenspark fashion chain.
21 August 2019
The supermarket chain says an improvement in fourth-quarter sales has continued into its new financial year.
The diversified miner has increased its final payout by more than expected despite disappointing growth in earnings for the year.
The gold producer says it is well positioned to benefit from the uplift in gold prices.
The industrial group has reported a 31% dip in net profit partly due to charges associated with an empowerment deal last year.
The packaging maker and recycler has reported a sharp dip in earnings after a strike affected its business trading period.