Omnia’s earnings implode

The chemicals, fertilizer and explosives group has reported a more than R1 billion swing in profitability following a tough year for all its divisions.

Anglo Platinum flags higher earnings

Shareholders could be in for a bumper payout after the platinum producer changes its dividend policy last year.

Etion wraps up a tough 2019

Declining demand brought on by economic uncertainty impacted the digital technology group as it completed a restructuring.

Edcon reduces Resilient's distribution

The real estate investment trust says its 2019 distribution will be at the lower end of previous guidance, partly due to its Edcon exposure.

Wescoal ‘disappointed’ as it reports lower earnings

The coal producer says its second-half performance was impacted by disruptions, including industrial action at its Vanggatfontein mine.

Metrofile to exit non-core business following review

The documents storage business plans to sell or close three businesses and expand its digital services offering.

JSE hit by poor market sentiment

The stock-exchange operator says the difficult economic environment in SA has impacted investor appetite.

Equites lined up for July listing on A2X

The property fund sees a secondary listing on A2X as an opportunity to attract new investors and deliver more value for shareholders.

Invicta grows earnings after toughest year ever

The engineering and capital equipment group says just about every sector it operates in has been under severe pressure.

Kibo strikes energy storage accord

The announcement of the partnership with ESS Tech came alongside the release of its 2018 financial results.

Tsogo places leftover hotel shares

Some shareholders were unable to receive stock in Tsogo Sun Hotels in this month’s unbundling.

The Week Ahead of 24 June 2019

The S&P 500 reaches new all-time high. Geopolitical tensions in the middle east escalated significantly last week with the shooting down of an unmanned US drone...

CDC to invest in Mettle’s solar rollout

A consortium headed by the British development finance institution will ultimately hold 40% of Mettle Solar Investments.

Etion warns of a full-year loss

Apart from a umber of once-off costs, the digital technology group says customers are spending less on projects.

Naspers delays Euronext listing after postage blunder

The group now expects to list its international internet assets on Euronext Amsterdam in September.

Naspers grows profit by a quarter in transformational year

The group says it has completed its transition to a global consumer internet group as it prepares for an Amsterdam listing.

PPC forecasts rock-solid results

The cement producer says debt is down and headline earnings will be at least a third higher.

MC Mining updates Chinese agreement

Under the deal, Haohua Energy International will help arrange funding for the development of MC’s coking coal assets.

PBT returns to profitability

The IT services group has bounced back after exiting its loss-making operations in the Middle East and Africa while expanding in Western Europe.

Little hope for Group Five shareholders

The construction group’s business rescue practitioners say while creditors may recover their loans, there will be no equity left.

Accelerate pins hopes on Fourways super centre

Despite the negative short-term outlook for local property, the fund expects the extended shopping mall to serve as a catalyst for future opportunities.

Volatile markets pare Peregrine’s earnings

The wealth manager and financial services group earned lower performance fees from Stenham and Peregrine Capital last year.

Insimbi bulks up on recycled metal

The metals and plastics group is expanding its client base and trading network with the acquisition of Gauteng-based Treppo.

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)

Hosken strengthens Cape bus operation

The investment company has taken full ownership of two bus services in the Western Cape.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Navigating merger control complexities in Africa

Merger control complexities in Africa can undermine the commercial value of a proposed transaction – below are some of the potential stumbling blocks to doing business...

Steinhoff narrows its loss as it battles on

The retailer says this year’s sales are likely to be lower due to tough competition and after it sold off some businesses.

Peter Moyo hits back at Old Mutual

The group’s former CEO says it was represented at the board meeting where NMT resolved to pay a further dividend of R105 million.

Tough conditions apply the brakes to Motus

The automotive group says full-year revenue is likely to be flat, but earnings will increase.

MC Mining strikes off-take deal with AMSA

ArcelorMittal SA will replace imported hard coking coal with coal from MC Mining’s Makhado project once it’s up and running.

KAP flags weaker earnings

The industrial group says the costs for putting together last year’s empowerment deal will strip 7.3c from earnings per share.