Investec gets demerger nod

The group expects to list Investec Asset Management on the London and Johannesburg bourses in the first quarter of next year.

Mpact reaps benefits of investment programme

The packaging and recycling group says improvements to its business have more than offset the challenging trading environment.

Defensive Pepkor grows sales in tough environment

The retailer says it has continued to grow its share of the market through its pricing strategy and value approach.

Distell suffers forex babelaas

The wine and spirits maker has impaired its Angolan investment and recognised a credit loss provision in Zimbabwe due to currency issues.

DRC businesses drain Glencore’s earnings

The commodities group says it has taken measures to address challenges at its copper and cobalt operations and plans to halt production at Mutanda.

Italtile warns of slower second half

The tile manufacturer will still report a rise in full-year earnings despite a significant deterioration in trading conditions since April.

Nedbank calls for faster action

The bank says structural reforms need to be tackled more urgently to avoid a downgrade, which would result in lower growth and more job losses.

RBPlat’s losses widen

The platinum producer has been hit with higher cash costs and levels of depreciation due to the ramp-up of its Styldrift project.

Curro slumps on trading update

Excluding a sizeable tax adjustment, the private schools group will report single digit profit growth.

Delta and Rebosis plan merger

The deal is just the latest to be announced as consolidation in the property sector accelerates.

Northam buys more Zambezi prefs

Buying the shares will reduce its Zambezi preference share liability and the dividends it pays on them.

Invicta takes engineering to A2X

The engineering and capital equipment group’s listing will take the number of securities trading on A2X to 28.

Quilter finds buyer for life business 

Shareholders are likely to get an extra distribution after the wealth manager sold its non-core life assurance business.

Merafe withholds dividend due to volatile markets

Global uncertainty has curtailed demand, resulting in a surplus of ferrochrome on the market.

SA Corporate rebuffs offers as MD stays on

The REIT says proposals from Dipula and Emira are not in its best interests as Rory Mackey agrees to stay on for another year.

Hyprop, Attacq sell Zambian mall

The real estate investment trusts are cutting their exposure to Africa outside SA due to difficult trading conditions and declining property prices.

Jubilee benefits from rising chrome production

The metals group says its processing projects are tracking ahead of schedule as it diversifies its earnings base.

Sea Harvest forecasts a strong catch

The seafood and fisheries group will benefit from last year’s acquisition of Viking Fishing.

Streamlined South Ocean back in the black

The investment holding company has returned to profitability following the disposal of Radiant Group.

EOH doubles down on risk

The technology services group has appointed a chief risk officer to its board on top of other measures taken to improve its corporate governance.

Gold Fields rises on upbeat update

The gold producer will report a near doubling in normalised earnings when it releases its interim results next week.

Naspers’s global listing could lift your tax bill

Investors will receive shares in Prosus unless they choose to receive more Naspers stock instead. Either way, there are capital gains tax implications.

Capital and Regional holds up in tough environment

The shopping centre owner says its focus on community centres has helped it weather slower consumer spending and structural changes in the retail sector.

The Week Ahead of 5 August 2019

Confusing signals from the Fed

Streamlined South Ocean back in the black

The investment holding company has returned to profitability following the disposal of Radiant Group.

DealMakers South Africa M&A Analysis H1 2019

Half year roundup of South African M&A activity plus the H1 M&A and GCF league tables

DealMakers AFRICA M&A Analysis H1 2019 (excluding South Africa)

DealMakers AFRICA H1 roundup of M&A activity on the Continent

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)

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts – Keeping up With Competition Law: Key developments across Africa

A number of new authorities have become operational and various legislative changes have been effected, impacting the competition law landscape in several jurisdictions.

More write downs possible as EOH cleans up

The group says the impairments are unlikely to be as big as those made at the half year stage as it scrutinises its balance sheet.

Woolworths takes another David Jones hit

The retailer has impaired its investment in the department store chain due to a poor performance and ongoing weakness in the Australian retail sector.

AMSA calls for more protection from steel imports

The steel producer says the new carbon tax will make it even less competitive as imports are exempt.

Sappi sags on soggy results

The group is converting capacity towards packaging to lessen the impact of weak graphic paper markets.

Liberty’s turnaround plan pays off

The life assurer and asset manager has reported a strong rise in first-half earnings but has kept its dividend unchanged.

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