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20 August 2019
The group has delayed the release of its annual results as it assesses the value of its investment in the mobile network operator.
The engineering and construction has attributed a fall of as much as 40% in profit to losses taken on an Australian roads project.
The diversified mining group will report lower basic earnings after impairing Nkomati Nickel and its investment in Malaysia’s Sakura Ferroalloys.
Global growth concerns hit equity markets. Nervousness spilled over into other emerging markets during last week and hit South Africa as well.
Mitchell Slape will take control at the ailing retailer the day after it reports an operating loss due to weak sales growth and rising expenses.
The logistics company says buying MLG Maritime Cargo Logistics will increase its presence along key international trade routes.
19 August 2019
The group has delayed the release of its results due to problems at the US project but does not expect further cost overruns.
The medical aid administrator says the rollout will take place over an extended period and there will still be a place for private health insurance.
Impairments on discontinued operations will result in an interim loss but its continuing businesses have done well despite the weak economy.
The logistics group expects to reported lower earnings with no quick recovery due to weak economic conditions in SA and Europe.
The private education group expects to report a rise of as much as 50% in interim earnings.
The hotels group says it is working on growing market share in a depressed environment.
The life assurer says first-half earnings will decline by up to 35% due to once-off charges linked to a recent empowerment deal.
16 August 2019
The retailer has impaired its investment in the UK shoe chain but is not contemplating a major financial restructuring of the business.
The gold producer expects its cash-generating ability to continue increasing as it reduces capex and gets more out of new projects.
The platinum producer will report a return to profitability thanks to higher prices for its metal and an improved operational performance.
Weekly summary of M&A activity by South African companies
Weekly summary of all M&A activity from across Africa (excluding South Africa)
The gold producer has benefitted from the full-year inclusion of its Moab Khotsong and Hidden Valley mines as well as lower impairments.
The food producer is impairing its sugar business due to the impact of the Health Promotion Levy.
Weekly summary of corporate finance activity by South African exchange listed companies
The consolidation of two previously separate ministries, Economic Development (EDD) and Trade and Industry (DTI), has significantly broadened the Minister’s merger control ‘toolkit’.
15 August 2019
The pharmaceuticals group will pay £8 million and ensure competition in the supply of the medicine used to treat Addison’s Disease.
The private schools group says its focus will be on increasing its existing capacity rather than greenfield campuses.
The group says it has benefited from operational improvements but looming wage talks are clouding its outlook for the rest of the year.
Standard Bank releases disappointing Coal-Fired Power Finance Policy.
A sports scientist recently told me that an estimated 5% of people actually follow through on their fitness goals that are sparked by New Year’s Resolutions.
Safari says its independent board is now in a position to properly engage with Comprop on its rival bid for the property group.
The real estate investment trust says investments in the US and in residential property have made it more defensive.
The coal producer says a bigger contribution from its equity-accounted investments has compensated for weaker coal sales.
14 August 2019
Ingham Analytics says unless rand weakness is maintained over an extended period, Kumba’s earnings are likely to come under pressure.
The banking group says a bigger share of the retail market helped prop up interim earnings.
The furniture retailer says its only hope for survival is to become a pure investment holding company focused on the retail sector.
The industrial group says costs associated with the empowerment deal stripped 7.3c from earnings per share.
The group says the unprecedented three-month plastic industry strike and a stagnant economy are to blame for a decline in its performance.