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13 February 2020
Separately, AngloGold Ashanti said a non-cash impairment charge following the sale of Mponeng would result in flat to lower full-year earnings.
Given its healthy position, the gold producer says it has decided to go ahead with the construction of its Salares Norte project in Chile.
The gold mine tailings retreatment specialist benefitted from a 26 percent rise in the gold price as it increased production by a third.
The Commission has attached a number of conditions including job retention, investment and an empowerment deal worth at least R1.6 billion.
The food group says it has made good progress with the disposal of its processed meats business as it prepares investors for lower earnings.
Amid already weak macroeconomic and trading conditions, the group says there is concern over its negative impact on growth and commodity prices.
12 February 2020
The shopping centre owner says it remains engaged with shareholders and potential new investors after the Hong Kong REIT withdrew.
The gold producer has lowered full-year production guidance due to grade issues at its Kusasalethu and Moab Khotsong mines.
Full-year results will be distorted by the adoption of new accounting standards and a number of non-operational items.
The retailer and wholesaler has faced challenging conditions in all three of its main geographies as it expands into Poland.
The property fund has increasing its stake in its Pan European Logistics platform as it takes advantage of growth in e-commerce.
The small cap financial services company says it will not be in a position to redeem preference shares that are due for payment next month.
11 February 2020
The debt-laden shopping centre owner says it is in discussions with shareholder Peel Group and and Link REIT to back a cash call.
The logistics and supply chain group has been impacted by the weak local economy and a big decline in German car making.
The shareholder vote paves the way for Ninety One to demerge from Investec on 13 March and list three days later.
Brent oil has fallen by 20% since the first week of January and if this persisted for a full financial year it would significantly knock earnings...
First-half operating profit likely tripled and the platinum producer has bought more of its Zambezi prefs without increasing its debt ratio.
The transaction fits its strategy of having control or significant influence over its portfolio of unlisted investments.
The services holding company says its training cluster will make a bigger contribution to future revenue and earnings.
10 February 2020
The food group says it is waiting for news from the relevant authorities and will provide more feedback this week.
After the Competition Tribunal upheld a recommendation that the takeover be prohibited, the matter was referred to the Competition Appeal Court.
The S&P 500 shrugged off the coronavirus scare and reached a record high last week.
The tile manufacturer and retail has managed to grow first-half earnings but has toned down its guidance for the second six months.
The group considered a number of external candidates but Mthembu stood out due to his industry experience and knowledge of the company.
The fintech and payments group will spend some of the proceeds from the sale of its Korean business to grow its SA and European operations.
07 February 2020
The steel producer has faced falling prices for its products, rising input costs and weak demand due to the stagnant local economy.
The gold producer exceeded its production target while cutting costs and benefitting from a higher gold price.
The gold producer will report significantly higher first-half earnings despite a dip in production due to grade issues at two of its SA mines.
Its shares fell close to 10 percent at their worse despite it flagging a strong rise in first-half profit.
A look at the shortlisted nominees for the Exxaro BEE Deal of the Year 2019
Weekly summary of Merger & Acquisition activity by South African companies
The niche logistics group has reported a big drop in cross-border volumes and expects trading conditions to remain tough.
The consumer goods group says 2020 earnings will be boosted by the sale last year of its interest in the Simplot Australia joint venture.
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
Weekly summary of corporate finance activity by South African exchange listed companies
The sale of a business often presents more options than initially considered, each with a different set of outcomes as regards value, confidentiality, and structure.
It is nearly the end of the 2020 tax year, and taxpayers should consider their options timeously.