Old Mutual shows CEO the door

The life assurer has separated with CEO Peter Moyo over what it called a breakdown in trust.

Knee-jerk reaction as Ascendis fires CEO

The shares recovered early losses to close slightly higher on Friday after declining 3.5% on Thursday on news of Thomas Thomsen’s axing.

Fortress cleared of manipulation in PwC report

The group says PwC found no evidence confirming market manipulation and insider trading but said there was evidence of inadequate governance in the past.

Afrimat progressing on Universal due diligence

The construction materials and commodities group says its diversification strategy is paying off, helping it grow full-year earnings.

Tradehold confirms listing of Collins

The property investment company says it will unbundle the SA property group by February 2022 after receiving an investment in its local property portfolio.

Walmart sends in CEO as Massmart’s profit falls

The retailer’s shares fell sharply after it warned that first-half headline earnings could be at least 50% weaker than a year ago.

Brait’s shares dive as its value dwindles

The ground has revalued its investments due to a decline in the value of their respective peer groups.

Mediclinic nursing Hirslanden back to health

The private hospitals group says tariff reductions due to regulatory changes will continue to impact its Swiss operation in the short term.

Politics-proofing your portfolio – part 2

Ahead of the election, the stock market, foreign exchange market, and bond market were relatively calm and post the election there has been relative calm, with...

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)

Foschini styling through the downturn

The fashion and homeware retailer has reported a good rise in earnings despite difficult trading conditions.

Tsogo Sun to list hotels group next month

Shareholders will receive one share in the newly-listed hotels group for every Tsogo Sun share held.

Quantum hurt by lower egg prices

The poultry and feeds group says raw material costs have risen while the price of eggs is on the decline.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Startups key to driving smart agriculture in Africa

ICT solutions such as precision equipment and the Internet of Things are overcoming challenges and changing the way traditional farming is conducted in Africa

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.

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.

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

JD.com 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.