13 May 2019

Lonmin backs merger despite improved fortunes

The platinum producer says it’s still constrained by a capital structure that inhibits it from investment in new projects.

Clover churns out higher earnings ahead of buyout

The group, which is under a R4.8 billion takeover offer, will report a strong rise in profit after impairments affected its 2018 earnings.

Drought continues to hamper Kaap Agri

The agri-services group says the recovery in Wesgraan and the impact of new petrol stations will come through in the second half.

Tharisa hit by lower sales, rising costs

The platinum and chrome producer sold less metal at a lower price, while costs rose due to reduced economies of scale.

Value Group grows customers in tough economy

The distribution and logistics group has reported a sharp rise in earnings as it cut costs and found new customers.

Rebosis jumps despite declining dividend

The real statement investment trust says the full-year dividend for its B shares will be as much as 76% lower than last year.

Pepkor forecasts higher earnings

The retail group’s 2018 interim results were negatively affected by a R500 million provision.

10 May 2019

AngloGold Ashanti may draw the curtain on SA

The group says its remaining SA mine, Mponeng, requires further investment which could earn better returns elsewhere.

Sappi sinks on soggy paper demand

The paper and pulp producer says full-year earnings are likely to be lower due to pricing pressure and global economic uncertainty.

Earnings jump as Altron completes restructuring

The ICT and electronics group lifted full-year earnings by half as a number of its businesses won lucrative private and public-sector contracts.

US Market review May 2019

As I am struggling to find deep value Blue Chip shares in the overvalued US market to recommend, I am going to change the direction of...

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)

Mondi wraps up a strong first quarter

The paper and packaging group said it benefitted from acquisitions, higher selling prices and a strong operational performance.

MTN prepared for Nigerian listing

The network operator will list its Nigerian business this month after it received the approval of the country’s Securities and Exchange Commission.

Oceana reports a strong catch

The producer of Lucky Star pilchards benefited from increased sales of canned fish but footed a much higher tax bill.

Weekly corporate finance activity by SA exchange-listed companies

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

Movers & Shakers - Virusha Subban

Virusha Subban has joined Baker McKenzie’s Africa Tax team as a partner and head of Indirect Tax

09 May 2019

Steinhoff lays bare the cost of fraud

The embattled retail group has finally released its 2017 accounts and says sales for the subsequent two years are likely to be worse.

Late Easter dampens AB InBev’s beer sales

The world’s biggest brewer says SA and Argentina reported weaker consumption in the first quarter as consumer spending remained under pressure.

DRDGold rallies on higher production numbers

The mine dump reprocesser benefitted from last year’s acquisition of Far West Gold Recoveries from Sibanye-Stillwater.

Engine deal fuels Vivo Energy

The fuel and lubricants group says March’s volumes were 13% higher after it added 230 Engen garages to its network.

Datatec flags a return to profit

The ICT group says it’s made good progress in reshaping its Westcon International business, while Logicalis and Analysys Mason have continued to do well.

Pierre De Vos: OPINIONISTA: A guide to what happens after the election results are announced

After weeks in which politicians have been swarming across South Africa to canvass for votes - often making promises they know they cannot keep - the...

BUSINESS MAVERICK: Markets don't care about elections. Or do they?

Like the election itself, South Africa's markets are in a quandary. The economy is in a poor state, but SA's stock markets are verging on record...

08 May 2019

Politics-proofing your portfolio

Ahead of the national and provincial elections, the stock market, foreign exchange market, and bond market are relatively calm; but markets can turn in a jiffy.

Arrowhead revises distribution guidance

Arrowhead Properties says a bigger-than-expected decline in subsidiary Indluplace's dividend this year will have a relatively small impact on its own distribution.

07 May 2019

Redefine certain about uncertainty

The real estate investment trust has increased its interim distribution by 4% and expects to maintain that if operating conditions don’t change.

Arrowhead revises distribution guidance

Arrowhead Properties says a bigger-than-expected decline in subsidiary Indluplace's dividend this year will have a relatively small impact on its own distribution.

GBK devours Famous Brands’ earnings

The quick-service restaurant group will report a full-year basic loss and lower headline earnings after impairing its investment in the burger chain.

Massmart CEO quits after 20 years

The supermarket group said the timing of Guy Hayward’s departure has yet to be confirmed but he plans to leave by year-end.

The Week Ahead of 5 May 2019

By virtually any gauge, the US economy is showing good sustained growth. US nonfarm payrolls for Apr which came out last Fri 3 May easily beat...

Mid Cap Darlings – Distell Group Holdings

They have taken care of all the generations at the best times of their lives. They have brought the young ones Autumn Harvest, 4th Street, and...

Wet weather dampens Wescoal production

The coal producer says above average rainfall in Mpumalanga has affected its opencast mining operations.

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