23 May 2019

More cracks in Sasol’s chemicals project

The group says more cost overruns at Lake Charles in Louisiana haven’t altered its capital allocation strategy or dividend plans.

Tiger Brands pays special div on Oceana sale

The fast-moving consumer goods group reported lower earnings as it still reels from the impact of last year’s listeriosis crisis.

Aspen in talks with potential partner

The group says discussions with the European company follow a strategic review of its local and European Commercial Pharmaceuticals businesses.

Money Herds

Have you ever noticed patterns in the way that groups of people live their lives? These patterns become more obvious and predictable when the size of...

Lewis beats the retail blues

The furniture and appliances retailer has benefited from changes to credit granting rules and a wider target market.

Gold Fields on track with South Deep recovery

The gold producer says it’s confident the SA mine will continue meeting its targets this year.

Dipula lowers dividend guidance due to tough economy

Shareholder Arrowhead says the lower payout won’t have a material impact on its own dividend for the year.

Newpark hit by rising vacancies

After reporting a lower final dividend, the real estate investment trust is budgeting for growth of 6% to 8% this year.

22 May 2019

Coronation hampered by volatile markets

The fund manager has reported lower earnings and trimmed its interim dividend after weak markets and the subdued economy affected asset levels.

Rhodes grows sales on market-share gains

The food producer says margins have weakened, partly due to lower international selling prices for its canned fruit after the recent drought.

Tobacco weighs on Reinet’s value

The investment vehicle has spent €68 million buying back its own shares to try to narrow the 42% discount it trades at.

Money Herds

Have you ever noticed patterns in the way that groups of people live their lives? These patterns become more obvious and predictable when the size of...

Bidcorp performance on trend

The food services group has maintained its earnings outlook for the year as its businesses in SA and China show signs of an improvement.

MMI’s growth strategy gains momentum

The life assurer is ‘cautiously confident’ that it will meet its headline earnings target of R3.6 billion to R4 billion in 2021.

Choppies CEO faces the chop

The mass retailer says it will decide on the action to take against Ramachandran Ottapathu once legal and forensic investigations are completed.

Wescoal resolves Vanggatfontein dispute

The coal producer expects the mine to return to full production early next month, two weeks ahead of schedule.

Barloworld eyes Mongolian Caterpillar dealer

The group has raised its interim dividend after a strong result from its southern Africa equipment business.

21 May 2019

Rising costs eat into Pioneer’s profit

The branded food producer has maintained its interim dividend despite a slide in earnings.

Aspen sells drug portfolio to cut debt

Global healthcare group Mylan has taken up its option to buy a drug portfolio from Aspen Global Inc.

Adcorp pays dividend as profits return

The labour broking and outsourced services group says its 2019 results reflect the early successes of last year’s turnaround strategy.

The Week Ahead of 20 May 2019

Who’ll blink first-the US or China?

This share has the potential to produce significant growth a large Chinese e-commerce organisation that is worth researching with the view of investing in for long term growth.

Amplats axes striking Mototolo workers

The platinum producer says the impact on production has been minimal after workers went on strike over medical aid benefits.

Investec Property Fund offloads Australian units

The fund will use the proceeds from the sale to either pay down debt or invest in its Pan-European platforms.

Barloworld eyes Mongolian Caterpillar dealer

The group has raised its interim dividend after a strong result from its southern Africa equipment business.

20 May 2019

AMCU loses bid to halt platinum merger

The Competition Appeal Court has upheld the Competition Tribunal’s conditional approval of Sibanye-Stillwater’s takeover of Lonmin.

Aspen close to dispensing infant formula business

The pharmaceuticals group’s high level of debt has concerned investors and the sale will help it deleverage its balance sheet.

Acquisitions boost Richemont’s sales

Yoox Net-a-Porter and Watchfinder & Co. lifted the luxury brands group’s full-year sales by more than a quarter.

Liberty stems outflows as turnaround gains traction

The life assurer took remedial action last year to improve the value of new business, stem outflows and improve its financial performance.

Lewis flags strong results

After declining in the first half of the year, revenue from finance charges, initiation fees and insurance premiums picked up in the second half.

New mine delivers for Pan African

The gold producer is on track to meet its annual production target as it shifts to a low-cost, long-life asset base.

17 May 2019

Investec shuts robo advisor as it prepares for demerger

The group says it’s committed to listing Investec Asset Management as it positions its bank and wealth management business for future growth.

Strike weighs on Dis-Chem

The discount pharmacy group gained market share and raised its full-year dividend by 8.5% despite the impact of the industrial action.

On the pricey side

Ingham Analytics has issued a “Trader” note on BHP. This is a good example of a very short report that alerts an opportunistic investor to short...

DealMakers South Africa M&A Analysis Q1 2019

A quarterly roundup of South African M&A activity plus the quarter’s M&A and GCF league tables

DealMakers Africa M&A Regional Analysis Q1 2019

An analysis of Africa’s first quarter M&A activity – by region and country

Audi Q8

Audi just threw a curved ball into the Up-scale SUV market with the introduction of their new creation – the Audi Q8. This new best-of -breed...

MTN Nigeria jumps on debut

MTN listed its Nigerian business at 90 naira after disputed claims by Nigeria's Attorney General created uncertainty over its valuation.

Datatec back in the black on Westcon turnaround

The ICT group isn’t paying a 2019 dividend but has bought back more than 10% of its own stock.

Santova navigates choppy waters

The group has raised its dividend by 7.1% to 7.5c despite encountering one of the toughest trading environments since the global financial crisis.

Group Five sells assets to cut debt

The construction and infrastructure group has announced its first update since entering business rescue.

Eastplats on track with retreatment project

Eastplats’ Retreatment Project on track to reach full production by July.

Who’s doing what this week in the South African M&A space?

Weekly summary of M&A activity by South African companies

Who’s doing what in the African M&A space?

Weekly summary of all M&A activity from across Africa (excluding South Africa)

Weekly corporate finance activity by SA exchange-listed companies

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

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