NEWS ARCHIVES


14 February 2019

Sasol rebounds as Lake Charles output starts

The oil and chemicals group says its new linear low-density polyethylene unit in Louisiana achieved beneficial operations yesterday.

Curro passes the dividend test

The private schools group is paying a fifth of last year’s earnings out as a maiden dividend, leaving it with cash for future investment.

Hyprop sags on Moody’s downgrade

The REIT says Moody’s debt calculation doesn’t take Hystead’s in-country debt into account, or the portion guaranteed by its other major shareholder.

Power cuts take their toll on DRDGold

The mine tailings retreatment specialist says its Ergo operation suffered major power interruptions over 11 days in the second quarter.

Emira cuts rentals in tough market

he property fund says it’s managed to reduce vacancies but had to lower some rentals to incentivise tenants and remain competitive.

ANALYSIS: The politics of Load Shedding: The worst may be yet to come

On Sunday afternoon, South Africa was hit by the first round of load shedding for 2019. On Monday afternoon, Eskom implemented what's called "Stage Four" load...

EDITORIAL: Eskom -- the terrorist attack from within

The battle for Eskom is the battle for South Africa.




13 February 2019

EOH plunges on Microsoft pullout

EOH said ending the Channel Partner Agreement with Microsoft would impact this year’s profit by about R10 million.

WBHO surprises with profit warning

The engineering and construction group says losses on an Australian contract where the work was underestimated will obliterate interim earnings.

Harmony results marred by depreciation charges

Despite a strong result from the gold producer, FNB Wealth says it continues to avoid the gold sector in its entirety.

Spar defies the retail blues

The supermarket and distribution group has reported a strong start to its 2019 financial year, helped by liquor and hardware sales.

OP-ED: Unbundling Eskom -- the good, the bad and the ugly

Now that President Ramaphosa has announced a decision to unbundle Eskom into three separate state-owned entities -- Generation, Transmission and Distribution -- it is a good...

The Interview: Eskom CFO Calib Cassim: 'If we go down, we bring down the sovereign and the economy’

Considering its importance to the South African economy, many people are deeply concerned about Eskom's financial status as a going concern. EE Publishers put Eskom's new...




12 February 2019

MultiChoice to debut on JSE’s Top 40

The video entertainment business will be included on the index of the JSE's 40 most valuable companies, pushing the lowest-ranking company out.

Woolworths loses two directors in Australia

The retailer gave no reasons for the sudden resignation of directors Gail Kelly and Patrick Allaway.

Lights dim as Moody’s responds to SONA

The ratings agency welcomed splitting Eskom into three but said measures had to be taken to stabilise its financial health on a sustainable basis.

The Week Ahead of 12 February 2019

#ChrisGilmour - Can Cyril Ramaphosa execute on his investor-friendly SONA?

EVITA'S FREE SPEECH: Ep. 181: Evita’s nation in a better state (Video)

ANC cadre Evita Bezuidenhout tries to expose fake news and highlight alternative facts with a weekly episode of EVITA'S FREE SPEECH.




11 February 2019

Lake Charles delay rains on Sasol’s shares

Bad weather is one of the reasons given for a delay to Sasol’s biggest project yet, which has resulted in escalating costs.

Lonmin production hit by workers’ deaths

Safety stoppages at its mines following two fatalities resulted in 95,000 tonnes of lost mining production.

Harmony warns of earnings decline

Although first-half production increased by a third, amortisation and depreciation charges will lead to lower earnings.

SASSA switchover hits Finbond’s earnings

The new Post Office card that some social grant recipients have been moved to doesn’t support EFT debits or stop orders.

SONA 2019: Details, Promises, Thuma Mina 2.0 - an election speech designed to lift SA’s spirits

Ramaphosa's State of the Nation Address hit all the right notes: from restructuring Eskom to removing the biggest risk to the economy - the quantum of...




08 February 2019

ArcelorMittal SA recovers on rising exports

Higher sales volumes and low cost increases helped the steel producer return to profitability last year.

Woolworths’ David Jones without a CEO

The department store chain has had three CEOs since it was bought by Woolworths in 2014.

Northam to report record operating profit

The platinum producer says its performance has been underpinned by its growth and diversification strategy.

OneLogix overcomes road bumps to grow earnings

The specialist logistics group says it’s well-equipped to both withstand economic headwinds and to exploit emerging opportunities.

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 – Kenyan insolvency regime has two sides that companies must consider

One key reason for financial difficulties faced by some large Kenyan companies is the decision to fund growth through foreign currency debt financing.




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