NEWS ARCHIVES


20 January 2020

Record Black Friday sales for TFG

The retailer says its SA and Australian operations held up well, while UK sales continued to be impacted by Brexit uncertainty.

Mr Price disappoints with sales growth

Following strong November sales thanks to Black Friday, December sales were affected by load shedding and bad weather.

Richemont grows sales despite Hong Kong protests

Stronger sales in Europe, the US, China and Korea more than compensated from a marked contraction in Hong Kong.

Ingham Analytics issues a note on Sasol. The note is titled “Here’s why Sasol is likely to bump along at decade lows”.

Ingham Analytics say Sasol has a new CEO and the interim results to be released on his watch on or around 24 February will be weak.

Life Healthcare CEO quits for Australia

Chief financial officer Pieter van der Westhuizen has been made acting CEO while the private hospital group searches for a successor.

Your family’s road travel security secured

We live in an uncertain world and face many perils every time we climb into a vehicle to travel.

Gemfields aims for Valentine’s listing

The coloured gemstones group says its shares will start trading on 14 February as it strives to grow its investor base.

Delta sells Grit shares to cut debt

The property fund used the proceeds from the transaction to settle debt facilities with Investec Bank.




17 January 2020

Sibanye-Stillwater curbs Marikana job losses

The gold and platinum producer has found job opportunities for some workers at other operations.

ISA slumps on Check Point demotion

The IT security specialist has been demoted from the highest to the lowest reseller ranking in a move that will reduce group turnover.

Vivo caught up in Moroccan fuel probe

Competition authorities are reviewing the Moroccan fuel retailing industry, including Vivo as a Shell licensee in that country.

Ingham Analytics issues a note on Sasol. The note is titled “Here’s why Sasol is likely to bump along at decade lows”.

Ingham Analytics say Sasol has a new CEO and the interim results to be released on his watch on or around 24 February will be weak.

Ansarada DealMakers Annual Awards shortlists

The release of the shortlist of nominees for the subjective awards - Deals of the Year and Individual DealMaker of the Year 2019

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

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

Your family’s road travel security secured

We live in an uncertain world and face many perils every time we climb into a vehicle to travel.

South32 reduces coal production ahead of SAEC sale

The diversified miner expects the sale of SA Energy Coal to close in the second half of the calendar year.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Key considerations in the assessment of project bankability in Africa

Social, economic, financial, technical, environmental and administrative factors should be considered by Public Private Partnerships to ensure the bankability of infrastructure projects




16 January 2020

Black Friday bodes well for retailers

Retail sales rose more than expected in November as consumers took advantage of specials for early Christmas shopping.

Truworths has tough time at Office

A decrease in sales at the chain of UK shoe shops has detracted from positive growth at Truworths Africa.

Phumelela aims for resolution on betting levy

The horse racing and sports betting group says it may also sell an equity stake to black empowerment partners.

Listless economy puts the brakes on OneLogix

The specialist logistics group has warned of a sharp decline in first-half earnings as pricing and volumes comes under pressure.

New Frontier expects UK uncertainty to continue

The shopping centre owner has breached covenants with its banks due to a decline in the value of its properties.




15 January 2020

Levis man a better fit for Woolies as Moir steps aside

Roy Bagattini, who has spearheaded the turnaround of several companies, will take over as CEO in the middle of next month.

Landlords claim limited exposure to DionWired

Massmart has plans to close as many as 23 of its DionWired stores as part of a turnaround plan for the retail and wholesale group.

Ethos to go ahead with rights issue for Brait investment

Ethos will use the proceeds of its capital raise to help fund its participation in a rights issue Brait has planned.

Chris Gilmour takes a look at what's happening in the markets

The release of Q4 US corporate earnings next week will show whether or not the exuberance of the stock market last year was justified.

Pembury on the lookout for a new FD

The group is selling its loss-making retirement villages operation to help secure the long-term future of the remainder of its business.




14 January 2020

Massmart plans to slash stores and staff

Dion-Wired and some of its Masscash stores will be affected as the retail and wholesale group culls unprofitable units to restore earnings.

New Frontier sells mall to reduce debt

The shopping centre owners says the sale is in line with its strategy to dispose of property to reduce its loan to value ratio.

RDI on track with disposals

The real estate investment trust plans to reduce its exposure to the retail sector while strengthening its balance sheet.

RECM gobbles up Astoria

A number of minority shareholders have taken up a mandatory offer that was triggered as RAC built its stake in the investment firm.




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