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15 September 2020
Incoming CEO Mpumi Madisa will take the reins as the services and trading group recovers from the impact of Covid-19.
The documents storage business, which is the target of a proposed takeover, says it has benefitted from annuity income streams.
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...
Futures on the Volatility Index (often called the VIX) are showing an unusual pattern in terms of their pricing.
The Department of Mineral Resources and Energy approved the transfer of the West Wits mineral rights to Harmony with no conditions.
The metals processing company says it will be in the position to produce its first copper concentrate within three months.
Operating profit and headline earnings will be lower due to additional costs and the impact of the lockdown on chicken prices.
The investment group has accelerated the sale of non-core assets in response to the pandemic.
14 September 2020
The diamond producer has reported a recovery in demand for diamonds as sentiment improves and lockdown conditions ease.
The gases and welding products group has reported lower volumes after sales were impacted by the Covid-19 lockdown.
The bank and financial services group says it has focused on ensuring a strong balance sheet to withstand further shocks to the economy.
The fintech and payments group says it has begun reinvesting in its SA operations, with demand returning since the lockdown was eased.
The investment company says Covid-19 has had a big impact on valuations of its property in SA and Europe.
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
The banking group says activity levels are expected to remain muted for now, but it is positioned for a recovery when things normalises.
Covid-19 turned the tables on what started out as a positive year for the insurance group.
The industrial services and trading group has booked a number of impairments and additional charges as it right-sized its operations.
Many of you may have been surprised by the recent rise in markets, despite the fact the real economy remains depressed.
Weekly summary of Merger & Acquisition activity by South African companies
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
While sales benefitted from the higher rand gold price, the weaker rand impacted dollar borrowings and the value of its gold hedges.
The residential property developer says it lost about three months of construction activity as a result of the lockdown.
Weekly summary of corporate finance activity by South African exchange listed companies
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
Norman Celliers, who was instrumental in rationalising its investment portfolio, leaves at the end of the month.
Following a number of disposals, the pharmaceuticals group says a reshaping process is complete.
The REIT deferred its decision on a final dividend until later this year as a precautionary measure to provide additional financial flexibility.
The insurance group maintains its Reset and Grow strategy has placed in it a better position to manage the impact of the pandemic.
In the recent US tech market gyrations, the name Softbank has cropped up to take on the role of villain of the piece.
The investment company expects a recovery in most of its underlying investment companies next year if there are no further lockdowns.
The ICT products and services group says it has focused on maintaining and improving equity to ensure its sustainability.
09 September 2020
The supermarket giant has grown volumes as it increased its share of the local grocery market.
The pharmaceuticals group says the deal supports its strategy to earn more of its revenue in emerging markets.
The company has held back on an interim dividend to focus on capital management and cash preservation.
The ICT group says there was increased demand for its products and services as more people worked from home.
The investment group is negotiating to buy a cannabis cultivation operation in the Eastern Cape as it grows its medicinal cannabis business.