NEWS ARCHIVES


09 June 2020

Brait sells Iceland back to founder

The disposal forms part of a five-year strategy to maximise value through the realisation of the assets in its portfolio.

Ascendis buys time to clean up balance sheet

Debt repayments have been pushed out to the end of next year, alleviating the need for a fire sale of its assets.

Capital light Alexander Forbes pays a special dividend

The employee benefits business will distribute most of the cash it received from the sale of its insurance business.

Takeaway hiatus hurts RCL

The food producer says full-year earnings will be down due to Covid-19 and it may have to impair the carrying value of its assets.

Sasfin says rising impairments will affect earnings

The bank and financial services group says there has been a big increase in impairments, which it expects to continue for now.

Rate cuts boost interest in Fortress disposals

The real estate investment trust says its disposals team continues to receive enquiries for its non-core industrial and office properties.

AFRICAN PHOENIX INVESTMENTS LIMITED

REDEFINE PROPERTIES LIMITED




08 June 2020

Metair clinches big Ford contracts

The auto component and battery manufacturer will invest in a new factory in KwaZulu-Natal to support contracts worth billions from Ford SA.

MultiChoice to report strong turnaround

The pay-TV group says it benefitted from cost containment and reduced losses at its African operations outside SA.

NEPI Rockcastle welcomes more customers

The shopping centre owner expects almost all of the floor space at its malls to be open for business by the end of the month.

Ecsponent subsidiary loses its licence

The private equity group says it plans to wind up Ecsponent Financial Services, which has also been fined R3 million by the FSCA.

The Week Ahead

US unemployment numbers may have bottomed in April




05 June 2020

FirstRand prepares for rising impairments

The banking group says full-year earnings will decline as it accounts for an expected increase in credit impairments.

Tongaat and Barloworld still at odd over starch deal

The two companies have been unable to agree on an arbitrator to decide whether a material adverse change has occurred due to Covid-19.

Oceana defers dividend despite steady earnings catch

The fishing group reported a rise in operating profit as steady demand for products like Lucky Star canned fish made up for weakness in the US.

Tower brings in more rent

The property fund has granted tenants most affected by Covid-19 concessions and has deferred some rentals for up to a year.

Who's doing what this week in the South African M&A space?

Weekly summary of Merger & Acquisition activity by South African companies

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

Weekly summary of all Merger & Acquisition 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

Coronavirus (COVID-19) | considerations for closing commercial transactions during lockdown

The uncertainty and practical challenges for parties to commercial transactions during the lockdown period necessitates careful consideration of the effects of COVID-19 on their transaction agreements

CORPORATE ANNOUNCEMENT BY: STELLAR CAPITAL PARTNERS LIMITED

CORPORATE ANNOUNCEMENT BY: Oceana Group Limited




04 June 2020

Henry sends a message

Sasol is up around 35% in a month. Is this the beginning of a major recovery?

WBHO attracts interest Down Under

The construction and infrastructure group will report a full-year loss as its Probuild business in Australia attracts a possible offer.

Santam raises provisions for Covid-19 claims

The insurer says business interruption as a result of the national lockdown is not covered under insurance protection against infectious diseases.

Amplats recloses processing plant

The platinum producer says the temporary closure to fix a leak is unrelated to recent repair work at its ACP Phase B unit.

Grit revises guidance due to Covid-19

The pan-African real estate company says it has been supported by the structure of its leases, blue-chip tenants and a diversified portfolio.

CEO to stay on at SA Corporate

The real estate investment trust says Rory Mackey has been made permanent again.




03 June 2020

Mediclinic’s loss doubles due to writedowns

The private hospital group says a high degree of uncertainty remains regarding the progression of the Covid-19 pandemic and its full impact.

Covid-19 wipes out Imperial’s restructuring gains

The logistics group says it will report a decline in full-year earnings due to the impact of Covid-19 and further rationalisation costs

South African banks’ balance sheets surge

The question is can South African banks weather liquidity challenges? What about future loan losses?

Comair descends into an annual loss

The airline operator, currently in business rescue, has not earned any revenue since mid-March when flights were cancelled.

intu expects big drop in rent collection

The beleaguered shopping centre owner says it is likely to collect a third less rent than last year as some tenants remain shuttered.




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