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.


14 September 2020

Anglo sees sparkle return to De Beers

The diamond producer has reported a recovery in demand for diamonds as sentiment improves and lockdown conditions ease.

Afrox cushioned by stable healthcare demand

The gases and welding products group has reported lower volumes after sales were impacted by the Covid-19 lockdown.

Sasfin to report a loss due to provisions

The bank and financial services group says it has focused on ensuring a strong balance sheet to withstand further shocks to the economy.

Net1 refocuses on SA business

The fintech and payments group says it has begun reinvesting in its SA operations, with demand returning since the lockdown was eased.

RMH devalues property investments

The investment company says Covid-19 has had a big impact on valuations of its property in SA and Europe.

What's Happening in the Markets this Week

The Chinese economic recovery keeps going | South African second-quarter GDP figures were released on Tue Sep 8 and were far worse than generally anticipated.

11 September 2020

FirstRand takes Covid credit knock on the chin

The banking group says activity levels are expected to remain muted for now, but it is positioned for a recovery when things normalises.

Most challenging period for Sanlam

Covid-19 turned the tables on what started out as a positive year for the insurance group.

Bidvest warns of Covid-19 impact

The industrial services and trading group has booked a number of impairments and additional charges as it right-sized its operations.

The big players may have found a new way to game the market

Many of you may have been surprised by the recent rise in markets, despite the fact the real economy remains depressed.

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)

Harmony to report a loss despite higher gold price

While sales benefitted from the higher rand gold price, the weaker rand impacted dollar borrowings and the value of its gold hedges.

Balwin impacted by construction lockdown

The residential property developer says it lost about three months of construction activity as a result of the lockdown.

Corporate finance activity of the week

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

Thorts - COVID-19 – The good, the bad and the possibility to bounce back

COVID-19 will be a massive destructor of current economic value and social structures in the interim, but it will undoubtedly create opportunities through necessity.

10 September 2020

Zeder CEO quits amid strategy shift

Norman Celliers, who was instrumental in rationalising its investment portfolio, leaves at the end of the month.

No dividend as Aspen gets debt down

Following a number of disposals, the pharmaceuticals group says a reshaping process is complete.

Cautious Growthpoint holds back on dividend

The REIT deferred its decision on a final dividend until later this year as a precautionary measure to provide additional financial flexibility.

Momentum Metropolitan misses target due to Covid-19

The insurance group maintains its Reset and Grow strategy has placed in it a better position to manage the impact of the pandemic.

The devil incarnate, Softbank?

In the recent US tech market gyrations, the name Softbank has cropped up to take on the role of villain of the piece.

Sabvest fares better than expected

The investment company expects a recovery in most of its underlying investment companies next year if there are no further lockdowns.

Alviva warns of lower earnings

The ICT products and services group says it has focused on maintaining and improving equity to ensure its sustainability.


09 September 2020

Shoprite beats the recession blues

The supermarket giant has grown volumes as it increased its share of the local grocery market.

Aspen rallies on European thrombosis sale

The pharmaceuticals group says the deal supports its strategy to earn more of its revenue in emerging markets.

Impairments push Merafe into a loss

The company has held back on an interim dividend to focus on capital management and cash preservation.

Mustek relatively unscathed by Covid-19

The ICT group says there was increased demand for its products and services as more people worked from home.

Labat feeds its growing weed business

The investment group is negotiating to buy a cannabis cultivation operation in the Eastern Cape as it grows its medicinal cannabis business.



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