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30 June 2020
Naspers, which owns global consumer internet group Prosus, says it is well positioned as Covid-19 accelerates the shift online.
Ingham Analytics say speculation that Tencent is in talks with Baidu to take a majority shareholding in iQIYI has boosted the share price of Tencent and...
The workplace solutions group says it is exploring opportunities to exit Australia following a review of its portfolio of businesses.
The property fund says some tenants in the food, beverages and entertainment sectors may not recover from Covid-19.
The Polish property investor already pulled its previous payout as it focuses on ways to strengthen its balance sheet and retain maximum liquidity.
Following a negative return on its investment, the group is selling parts of its 7 Arrows security business as it adopts a new strategy.
The investment company says it will use the proceeds to reduce debt secured by the property and will consider distributions to shareholders.
29 June 2020
The company wants to replace a R1.5 billion deal for 15 percent of Sun’s Latin American business with a bid for 50 percent of the entire...
Its shares plunged between the time it warned that administration was likely and their suspension hours later.
The stock and bond exchange operator says market volatility has supported first-half earnings, masking weakness in the economy and financial markets.
The aluminium products manufacturer has booked a R1.3 billion impairment of its businesses as it prepares for a further decline in demand.
The industrial group says most of its businesses were performing well until faced with Covid-19 and the lockdown.
US equity markets weaken as the number of new coronavirus cases spikes.
26 June 2020
The hotel and casino operator says its Latin American partner has not yet made an actual offer nor addressed any of its concerns.
The budget retailer says it remains to be seen whether the growing move to online shopping is a permanent step change in consumer behaviour.
Of the listed JSE banks, which would you regard as having a lower risk profile, ABSA or Capitec?
Weekly summary of Merger & Acquisition activity by South African companies
Weekly summary of corporate finance activity by South African exchange listed companies
The group says just as it was recovering from severe load shedding in December, trading conditions were overwhelmed by Covid-19.
Sales at its Entyce and Snackworks divisions helped offset the impact of Covid-19 on its footwear and fashion businesses.
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
The Constitutional Court's decision in this matter has important implications for respondents in Tribunal proceedings who seek to access the Commission's investigative record
25 June 2020
The agri group and land owner will report return to profitability when its releases its annual results at the end of next month.
As it prepares for a cash call, a Chilean suitor may bid R22 per share for a controlling stake in the hotels and casinos group.
The investment holding company says a R5.6 billion equity capital raise also contributed to a big decline in its net asset value per share.
Anthony Ball is non-executive chairman of Value Capital Partners, a big shareholder of the cement producer.
The platinum producer has lifted force majeure on its contractual deliveries and says most customers have elected to receive their metal.
The real estate investment trust says by retaining additional cash it will be better positioned to withstand the impact of Covid-19 on its portfolio.
24 June 2020
The last remaining unit at the US project is on track for beneficial operation by the end of September.
The capital raise is just the latest in the retail sector aimed at reducing debt or funding growth opportunities created by the Covid-19 crisis.
If it is unable to negotiate a deal with its lenders, the shopping centre owner may have to enter administration.
The automotive group is adjusting its inventory to match reduced demand for vehicles as it also scales back its car rental business.
The financial services group says its investments and assets under management remain well diversified as markets experience continued volatility.
The packaging group says the lockdown resulted in reduced demand for its packaging, while some non-essential lines stopped operating.