NEWS ARCHIVES


06 April 2020

Chips are down for Famous Brands

Apart from its Lamberts Bay Foods business, all restaurants and manufacturing plants have shut for the duration of the lockdown.

EOH warns of Covid-19 risks

The technology group says it will report a much reduced first-half loss but is unsure of what lies ahead due to the pandemic.

EasyEquities turns profitable for Purple Group

The online share investment platform has reached a tipping point, with more than 150-thousand active users.

Hamstrung AMSA declares force majeure

The steel producer has suspended operations and says it will be reducing the salaries of workers for the next three months as conditions deteriorate.

AfroCentric shielded from lockdown conditions

The healthcare group says there has been a spike in demand for some products, while Medscheme continues to process claims and assist members.

The Week Ahead with Chris Gilmour 6 April 2020

The global economic storm gathers momentum

Comair grounds Star Air deal

The airline operator gave no reason for pulling out of the deal, which was aimed at extending its diversification strategy.




03 April 2020

Ince: South Africa’s most experienced Virtual AGM Solutions Provider Continues to Deliver

PRESS RELEASE: For immediate release.

Famous Brands writes off UK burger chain

The casual dining restaurant group may impair the full value of its investment in Gourmet Burger Kitchen due to the open-ended lockdown.

Altron considers listing Bytes

The technology group says it will start to lay the groundwork now and will assess market conditions for a listing closer to the time.

Libstar postpones dividend to preserve cash

The food group says retail channels have picked up but sales to restaurants, cafes and bars have dried up.

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

Weekly summary of Merger & Acquisition activity by South African companies

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

Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)

Cheap eggs hit Quantum's earnings

The poultry producer says rising volumes were not enough to offset the impact of lower egg prices and higher feed production costs.

ARM to resume some operations

Due to exemptions for goods critical to the economy, the group can continue loading iron ore at two of its mines in the Northern Cape.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Shareholder activists: being the change they want to see in the world

Recent unprecedented victories in South Africa achieved through shareholder activism have cemented the global trend of shareholder activism as a viable tool

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02 April 2020

Moody’s downgrades SA banks to junk

The ratings agency says borrowers will find it more difficult to repay loans due to the weak economy, resulting in higher credit impairments.

The JSE All Share isn’t alone, and neither is the rand

Ingham Analytics issues an Equity Searchlight entitled "The JSE All Share isn’t alone, and neither is the rand."

Zeder announces Pioneer windfall

The special dividend is less than planned as the investment group is holding some of the sale proceeds back due to uncertain market conditions.

Afrimat to keep producing iron ore

The materials group says the government has created exemptions for goods deemed critical to the health of the economy and its recovery post-crisis.

York battles against cheap imports

The timber producer says dumping of uncertified Brazilian plywood resulted in a sharp decline in international prices.

Attacq withdraws dividend guidance as it works with tenants

The REIT has already paid its interim dividend but says it does not know how its full-year payout will be affected by Covid-19.

Net1 says fee income will come under pressure

The fintech and payments group says while the third-quarter impact will be muted, the three months to June are the ones to watch.

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01 April 2020

Sasol guards against ongoing volatility

The oil and chemicals group has put hedges in place as it warns that weaker demand and pricing could impact earnings this year.

Sanlam lines up new leadership

Former Old Mutual executive Paul Hanratty replaces CEO Ian Kirk, who will stay on until December to help address Covid-19 challenges.

Harmony shuts underground mines

The gold producer says output from its SA mines will fall by around three quarters during the 21-day lockdown.

RMH assessing optimal timing for FirstRand unbundling

The investment holding company says it is committed to the restructuring of its portfolio but Covid-19 has caused unprecedented market turmoil.

Capital & Regional’s tenants behind on their rent

The community shopping centre owner says it is engaging with retailers after collecting just half of its second-quarter rent.

What does COVID-19 mean for your personal finances?

The coronavirus that started in Wuhan in China in late 2019, has now engulfed the world and wreaked havoc upon the global economy.

Covid-19 adds to Workforce’s challenges

The group says while some of its clients and businesses have been affected by the lockdown, it has the resources to deal with the situation.

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31 March 2020

Insurers prepare for Covid-19 claims

Sanlam says it has a R760 million pandemic reserve created specifically for an event of this nature while Santam is assessing its exposure.

EasyEquities sees demand for beaten-down shares

Sasol is attracting significant attention from clients following a massive decline in its share price this year.

The Market’s Twin Towers

Ingham Analytics issues a note on the role of liquidity in the efficient function of markets.

Sappi reports falling demand due to Covid-19

Orders for graphic paper and dissolving wood pulp have come under pressure but it expects packaging material to be more resilient.

Metair postpones dividend as it warns of lower earnings

The group says it wants to provide its underlying businesses with additional financial flexibility due to the impact of Covid-19.

Barloworld hunkers down for the long haul

The industrial group is implementing austerity measures but says its strong balance sheet should support it through a tough period.

Nampak gets temporary relief from weak rand

The diversified packaging group has also warned that prolonged disruption to its supply chain could impact future operating results and cash flows.

Sasol Khanyisa Public – Interim results release

The Sasol Khanyisa Public (RF) Limited interim financial results for the six months ended.

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