18 November 2019

Telkom puts Cell C on speed dial

The telecoms group is close to completing a due diligence but says any deal would hinge on Cell C reducing its debt.

Steinhoff beds down UK sale

The retailer has sold a UK unit to specialist retail sector investor Alteri as it reduces debt through asset sales.

No strikes as platinum sector reaches wage accord

Platinum producers have inked a three-year wage deal with unions without mediation or industrial action.

Kaap Agri to reap higher earnings

The group says profit will be up to 7 percent higher despite a number of negative factors that continue to hamper its performance.

Invicta rallies on earnings forecast

The engineering and capital equipment group says profit will be significantly higher after a big tax provision affected its previous earnings.

ISA optimistic about demand for IT security

The IT security specialist says the key drivers of the information security market remain robust.

15 November 2019

Sasfin rallies as Arise shows interest

European investment fund Arise may become a shareholder of reference in the niche bank and financial services group.

Mediclinic gets Hirslanden back on its feet

The private hospitals group has returned to a first-half profit after adapting to a tougher regulatory environment in Switzerland.

Sappi halts dividend due to soggy pulp prices

The group has cut back on capital expenditure and will manage its working capital as it rides out weakness in dissolving wood pulp prices.

Diversification strategy pays off for Oceana

Financial highlights for the year ended 30 September 2019.

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)

Impairment to weigh on Pepkor’s earnings

While most of its operations have performed well in a difficult trading environment, the retailer has impaired its building materials division.

Sephaku comes unstuck in hard market

The cement producer says competitors have engaged in aggressive market tactics and it has also had to contend with rising imports.

Weekly corporate finance activity by SA exchange-listed companies

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

14 November 2019

SPAR comes up on TOPS

The retail and wholesale group has grown earnings in a tough environment in all its geographies.

Offshore growth boosts Investec Property Fund

The real estate investment trust says its offshore investments supported an increase in its interim distribution.

Peregrine cushioned by Citadel

The financial services group says its businesses have been affected differently by current economic conditions.

Indluplace warns of lower distribution

The residential property group says vacancies are likely to remain flat this year, with subdued rental escalations and rising costs.

Harmony maintains full-year guidance

The gold producer reported good momentum at most of its mines, with a higher rand gold price boosting revenue.

A2X celebrates R2 trillion market cap and R2 billion in trades in just two years

South African stock exchange A2X Markets launched on 6 October 2017 with three listings and four of the industry's leading brokers on board.

13 November 2019

Telkom in talks as it grows mobile

It is rumoured the group may make another attempt to buy Cell C to grow its mobile offering as its legacy business declines.

Kumba tweaks sales target on Saldanha closure

The iron ore producer says the bulk of its sales are outside SA but it will continue to assess the impact of the AMSA strategic review.

Rolfes hits back at JSE censure

The specialty chemicals group says it took measures as soon as it became aware of accounting irregularities, including notifying the exchange.

Lighthouse Capital meets distribution guidance

The European property investor says it will grow distributions by at least 5 percent next year.

Accéntuate negotiates with potential funders

The infrastructure group says its auditors have questioned its ability to continue as a going concern.

Mid Cap Darlings – Barloworld

Barloworld is an integrated fleet solutions, product support, and logistics management company.

EPE Capital Partners grows its NAV

The private equity investors has benefitted from a strong performance from some of its underlying holdings.

MultiChoice’s maiden dividend still on the schedule

The video entertainment group says its strong balance sheet will support a maiden dividend at the end of the year.

12 November 2019

ArcelorMittal to shut down Saldanha plant

The steelmaker says there is little prospect of Saldanha Works turning around its severe financial losses in the short to medium term.

Prosus lowers threshold to gobble up Just Eat

Just Eat has snubbed the Prosus offer, saying a merger with will create more value for shareholders in the long-term.

Vodacom pays special div as international operations grow

The mobile network operator has trimmed its interim payout but declared a special dividend as its international operations grow.

Aspen sells Japanese business to settle debt

The group is selling the operation to German-based drug group Sandoz and will use the proceeds to further reduce its debt.

Raubex rides on renewable projects

The group has reported a strong rebound in earnings thanks to a number of renewable energy contracts that are underway.

MultiChoice’s maiden dividend still on the schedule

The video entertainment group says its strong balance sheet will support a maiden dividend at the end of the year.

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