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14 May 2019
The private hospitals group increased earnings due to the inclusion of Akeso Clinics as demand for mental healthcare services grew.
Selling prices have fallen and costs have risen, resulting in a sharp decline in first-half earnings.<
The affordable housing and memorial parks developer faced a series of obstacles last year that pushed it into a full-year loss.
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Stripping out the costs of the R16.4 billion scheme, full-year profit would have been 4.2% higher.
The real estate investment trust says its payout has been affected by pressure on rental income growth and rising operating costs.
The group says it’s rightsized its roads and earthworks businesses due to a big drop in business from the public sector.
13 May 2019
The platinum producer says it’s still constrained by a capital structure that inhibits it from investment in new projects.
The group, which is under a R4.8 billion takeover offer, will report a strong rise in profit after impairments affected its 2018 earnings.
The agri-services group says the recovery in Wesgraan and the impact of new petrol stations will come through in the second half.
The platinum and chrome producer sold less metal at a lower price, while costs rose due to reduced economies of scale.
The distribution and logistics group has reported a sharp rise in earnings as it cut costs and found new customers.
The real statement investment trust says the full-year dividend for its B shares will be as much as 76% lower than last year.
The retail group’s 2018 interim results were negatively affected by a R500 million provision.
10 May 2019
The group says its remaining SA mine, Mponeng, requires further investment which could earn better returns elsewhere.
The paper and pulp producer says full-year earnings are likely to be lower due to pricing pressure and global economic uncertainty.
The ICT and electronics group lifted full-year earnings by half as a number of its businesses won lucrative private and public-sector contracts.
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Weekly summary of M&A activity by South African companies
Weekly summary of all M&A activity from across Africa (excluding South Africa)
The paper and packaging group said it benefitted from acquisitions, higher selling prices and a strong operational performance.
The network operator will list its Nigerian business this month after it received the approval of the country’s Securities and Exchange Commission.
The producer of Lucky Star pilchards benefited from increased sales of canned fish but footed a much higher tax bill.
Weekly summary of corporate finance activity by South African exchange listed companies
Virusha Subban has joined Baker McKenzie’s Africa Tax team as a partner and head of Indirect Tax
09 May 2019
The embattled retail group has finally released its 2017 accounts and says sales for the subsequent two years are likely to be worse.
The world’s biggest brewer says SA and Argentina reported weaker consumption in the first quarter as consumer spending remained under pressure.
The mine dump reprocesser benefitted from last year’s acquisition of Far West Gold Recoveries from Sibanye-Stillwater.
The fuel and lubricants group says March’s volumes were 13% higher after it added 230 Engen garages to its network.
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.
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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.