NEWS ARCHIVES


29 July 2020

Kumba plans expansion despite Covid-19 risks

The company plans to develop a new pit that will extend the life of its Kolomela mine and says it is encouraged by the recovery in...

Comair asks for more time for business rescue plan

The business rescue practitioners need another month to finalise short-term bridge funding and advance two offers from potential investors.

Vivo Energy reopens its pumps

The service station operator says fuel sales have rebounded following the easing of lockdown restrictions.

Bowler Metcalfe flags improved profitability

The plastics manufacturer says trading has been reasonable throughout the lockdown, with some beneficial procurement opportunities.

Impairments add to Sebata’s headline loss

The information and communications technology group says its headline loss was impacted by the write-down of financial assets.




28 July 2020

Steinhoff offers settlement to resolve claims

The group says if all claims against it were successful, its net asset value would fall short of the amount needed to settle them.

Amplats reports lower earnings due to Covid disruptions

The platinum producer says its second half should be stronger, although significant risks and headwinds still exist.

AngloGold to report higher earnings as gold rallies

The gold producer has benefitted from a rising gold prices, higher foreign exchange gain and lower once-off costs.

Forever blowing bubbles...

If central bankers were football fans, they would have appropriated the West Ham chant of "Forever Blowing Bubbles" a long, long time ago.

Invicta starts new year with a clean slate

The investment holding and management company took a decision to seriously review its balance sheet, resulting in significant impairments.

Liberty to swing to a first-half loss

The life assurer has set aside R3 billion to cover the expected increase in mortality and retrenchment claims as a result of Covid-19.

L2D holds back on dividend as it cuts its portfolio value

The shopping centre owner says it will consider the payment of a final dividend with its full-year results.

Santam to provide R1 billion in relief to business customers

Insurers have been under pressure from the authorities to provide some relief to their clients as an interim measure ahead of court rulings.

CORPORATE ANNOUNCEMENT BY: INVICTA HOLDINGS LIMITED




27 July 2020

Lockdown costs Pepkor billions in sales

The retailer says sales have recovered strongly following the relaxation of lockdown restrictions and as consumers trade down.

Woolworths saved by food sales as clothing declines

The retailer benefitted from a big rise in online sales as it marked down merchandise to manage inventory and generate cash.

Tencent on top of its games

International mobile games are increasingly important for Tencent, growing ahead of its China revenues.

MTN rallies on earnings bonanza

First-half earnings were boosted by disposals while headline earnings gained from non-operational items.

Thorts - W&I Insurance in the New Dynamic

Originally intended to provide sellers with peace of mind once they exited a business, W&I Insurance has evolved to include buy side policies.

The Week Ahead with Chris Gilmour

US/China political tensions heighten.

City Lodge to slump into a loss

The hotel group has reopened some of its hotels as lockdown restrictions ease but occupancies remain low.

Octodec to revisit distribution policy

After withholding an interim distribution, the real estate investment trust says it will decided on its policy with its full-year results.

Delta offloads Grit stake ahead of delisting

Grit is consolidating its three listings into two, which it says will save on costs and boost trading in London and Mauritius.




24 July 2020

Spur laments alcohol ban and curfew

The restaurant group says earnings for the year are likely to be at least 40 percent down from last year due to Covid-19.

PPC cement sales bounce back

The cement producer partly attributes a recovery in sales volumes last month to an absence of imports in the market.

Vodacom reports higher traffic as customers stay at home

The network operator says a big rise in volumes offset the impact of lower tariffs after it cut the price of its data.

Implats flags significantly higher earnings

The platinum producer says it has benefitted from a rise in the price of platinum group metals and a weaker rand.

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

Weekly summary of Merger & Acquisition activity by South African companies

Thorts - W&I Insurance in the New Dynamic

Originally intended to provide sellers with peace of mind once they exited a business, W&I Insurance has evolved to include buy side policies.

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

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

Sasol's last US unit has been delayed

The Low Density Polyethylene Unit plant at Lake Charles is now expected to reach beneficial operation before the end of October.

Invicta rally halted on looming loss

A week-long rally in its shares ended after it warned of the extent of its full-year loss.

Weekly corporate finance activity by SA exchange-listed companies

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




23 July 2020

Mediclinic's offshore operations in better health

Shares of the private hospital group rallied after it reported stronger operating performances at its Swiss and UAE businesses.

Afrimat makes all-share offer for Unicorn

The materials group is targeting Nkomati Anthracite which will sit alongside the Demaneng iron ore mine in its bulk commodities portfolio.

Stenprop beefs up MLI portfolio

The UK and German property owner says the acquisition of Bowthorpe Park Industrial Estate takes it closer to its goal.

Argent rallies on upbeat forecast

The steel product manufacturer and trader has been buying back its own shares and flagged a turnaround at some local businesses.

New Frontier believes its centres are viable

The property group says its shopping centres may be undervalued as it tries to assess the lasting impact of Covid-19.

Eastplats eyes platinum re-treatment JV

The group is looking into the feasibility of processing platinum group metals at its Zandfontein operation.

CORPORATE ANNOUNCEMENT BY: AFRIMAT LIMITED




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