17 April 2019

EOH to cut debt with asset sales

The tech services group’s shares have doubled over the past week despite it swinging to a first-half loss.

Steinhoff may settle with claimants

The furniture retailer wants more detail about who the claimants are and how big their shareholdings were.

Zeder’s value falls on weak sentiment

Share prices of the investment group’s portfolio of companies have declined sharply over the past year.

Insimbi warns of lower earnings

The group says margins came under pressure as the US/China trade stand-off and Brexit weighed on commodity prices, while fuel prices went up.

Sabvest invests in cryptocurrency startup

The investment group is buying a 30% stake in Revix for R11 million as it invests alongside its founders.

Mid Cap Darlings – AVI

For a strong cuppa tea, Five Roses parent company AVI will serve you just at the right temperature, of course with a packet of Baker’s Biscuits....

Nu-World grows earnings in tough market

The consumer electronics and liquor group has maintained market share by introduction more brands and new models of electronic goods.

16 April 2019

Bumper crop from Kaap Agri

The farming community retailer and agri-services group will post a sharp rise in first-half sales as it expands and gains market share.

Orion suspends trade ahead of fund raising

The minerals explorer plans to issue more shares and introduce a larger empowerment shareholding as it moves ahead with its Prieska Project.

Special div as Gemfields sells Jupiter

The group has sold its remaining stake in ASX-listed Jupiter as it focuses on its coloured gemstone operations.

New Frontier considers delisting

The UK and continental Europe property investor is looking for ways to protect the value of its assets due to Brexit.

Purple Group reduces losses

The financial services group has prepared investors for a much smaller first-half loss.

The Week Ahead of 15 April 2019

Two global organisations-the International Monetary Fund (IMF) and the World Trade Organisation (WTO)-released gloomy forecasts for global economic growth last week. The WTO’s latest global trade...

Spear bolsters Western Cape industrial assets

The real estate investment trust is paying R112 million for the Radnor Road Distribution Centre.

15 April 2019

EOH warns of hefty loss

The company will report a big loss when it releases first-half results tomorrow due to a number of impairments and write-downs.

Brimstone pulls out of Clover deal due to Israeli connection

The empowerment group bowed to shareholder and community pressure due to the inclusion of an Israeli company in the transaction.

Unexpected developments delay AEEI’s results

The investment group says it still hopes to release its interim results before the end of May deadline.

Grand Parade chair still has skin in the game

The gaming and leisure group says Hassan Adams and his associates remain significant shareholders following last week share sale.

Higher taxes to upset Oceana’s catch

The fishing group says first-half gross profit rose sharply but higher taxes will result in lower earnings.

Jasco benefits from acquisition, ICT contracts

The group has swung back to a profit and plans to review its capital structure to unlock potential future growth opportunities.

12 April 2019

Sibanye-Stillwater gets cash upfront for gold

Combined with this week’s equity raise, the gold and platinum producer has access to about R10 billion of undrawn credit.

Altron rallies on profit forecast

More dividends lie ahead after the IT and electronics group said it expected a strong rise in full-year earnings.

Zeder marks down its investment in Pioneer

The investment group’s value has dropped following a 37% slide in Pioneer Foods’ share price.

Steinhoff’s Conforama secures funding arrangement

The French retailer says the capital will ensure the stability of its capital structure and operations.

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)

Tharisa’s production picks up despite blackouts

The platinum and chrome producer says it’s back on track to meet its Vision 2020 targets following improvements at its mining operations.

AH-Vest benefits from improved capacity

The branded sauces company invested in plant and equipment in the six months to end-December for its Veri Peri line of sauces.

Cashbuild lifted by new stores

Third-quarter growth was driven entirely by the new stores opened or acquired since the start of its 2018 financial year.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Higher penalties on the cards for failing to notify mergers

The Tribunal has the power to impose penalties of up to 10% of a firm's annual turnover in SA for failing to notify a merger

11 April 2019

Value Capital raises the stakes in Grand Parade

The activist investor has grown its shareholding to above 20% as chairman Hassan Adams reduces his stake.

Arrowhead and Gemgrow plan merger

The real estate investment trusts say a single listing will create a simpler group structure and benefit shareholders.

Sibanye raises R1.7 billlion capital buffer

The gold and platinum producer sold close to 109-million shares at R15.50 each to existing and new institutional investors.

Barloworld broadens black ownership in R3.5 billion transaction

The industrial conglomerate is selling a portfolio of its SA property to black investors, including employees, management and the broader public.

Santova expands its European offering

The logistics group will pay up to €1.92 for MLG Maritime Cargo Logistics as it expands its global presence.

Mid Cap Darlings – Life Healthcare Limited

The company’s name is relatively self-explanatory. Sometimes simplicity is key. This group of companies is trying to keep you alive. Of course, at a cost. But...

PSV in talks to raise capital

The industrial holding company gave no further details but the capital injection follows the sale of a stake to Regis Holdings last year.

enX still mulling options for fleet management unit

The industrial holding group says it’s also reviewing other opportunities to create more shareholder value.

Business Maverick: Are South African cellphone companies becoming a new form of African government ATM machine?

First, the Nigerian government imposed massive fines of MTN in disputed circumstances for notional regulatory infractions. Now the executives of Vodacom's Tanzanian business have been arrested...

BUSINESS MAVERICK ANALYSIS: Trading on US-China deal to deliver the goods

Global free trade is one of those amazing benefits to global wealth. The IMF has measured a 60% reduction in prices in emerging economies since 1990...

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