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18 July 2019
The group says it is not ruling out an appeal after the High Court set the contract aside due to tender irregularities.
The chemicals and explosives group says once-off restructuring costs will be offset by the resultant benefits.
The platinum producer wants to use the tailwind of higher rand PGM prices to reduce debt and optimise its balance sheet.
The world’s biggest mining company reported a strong fourth quarter after a cyclone disrupted its Australian iron ore operations in March.
Always good to have expert insights in challenging economic times with Ingham Analytics
The Department of Mineral Resources has granted its unconditional consent for the transfer of the mining rights to RBPlat.
17 July 2019
A report by ENS has uncovered unsubstantiated payments, tender irregularities and other unethical business deals in public sector business.
Shareholders are in line for a bigger dividend as the group benefits from higher rand PGM prices and a recent restructuring.
The company says it has not experienced material benefits from being on the JSE and delisting will allow it to focus on its performance.
AFI Europe has exclusivity for eight weeks to conduct a due diligence exercise on the €309 million office portfolio.
Ingham Analytics has adjusted earnings estimates and assume a lower oil price and chemicals prices. Whilst there is negative free cash flow after expansion capital expenditure...
16 July 2019
The two divisional CEOs resigned with immediate effect ahead of the release of a report into public sector contracts.
The brewer said the decision not to proceed with the public offering was partly due to prevailing market conditions.
Bidvest will pay an enterprise value of R3.1 billion for the fleet management and logistics business.
The R245 million facility will be used to develop the west pit and modify the existing Vele Colliery processing plant.
It sometimes feels like I am a one trick pony… all I ever do when I write these is moan about how difficult conditions in South...
It was suggested that Pioneer may be about to make an acquisition or that Zeder could unbundle its stake in the food producer.
15 July 2019
Losses have narrowed but unless it’s given the space to stabilise its business, its ability to continue as a going concern will be hampered.
The aluminium products manufacturer is looking for new markets due to a decline in demand from the US and carmakers.
The gold producer has benefited from a restructuring but says protest action at its Barberton Mine has resulted in lost production days.
The real estate investment trust blames its stake in the UK shopping centre owner for its depressed share price.
The sports betting and horse racing group says it won’t be in a position to pay a final dividend as conditions continue to deteriorate.
Trump likely to turn his tariff attention to Europe shortly
12 July 2019
Cell C’s biggest shareholder says no material concerns or issues have been uncovered in a “deep dive” into the network operator's business practices.
Sales at the retailer’s Fashion, Beauty and Home divisions have picked up but conditions in Australia remain challenging.
The packaging group says it and the prospective buyer are fully committed to concluding the transaction.
Weekly summary of M&A activity by South African companies
Weekly summary of all M&A activity from across Africa (excluding South Africa)
The paper and packaging group will start trading under a single holding company structure at the end of the month.
Weekly summary of corporate finance activity by South African exchange listed companies
Egypt is emerging as one of the best reform stories in the EEMEA thanks to the approval by the IMF of financial assistance in 2016.