24 July 2019

Kumba's dividend windfall

The iron ore producer has raised its payout ratio due to its strong cash position.

Bond investors take up Implats offer

Close to 100% of the bondholders have accepted, or indicated their interest in, an early offer to convert their bonds to equity.

Tobacco weighs on Reinet’s value

The investment group has reported a decline in its net asset value due to continued pressure on the share price of British American Tobacco.

Mondi flags higher earnings

The trading statement came ahead of the suspension of Mondi Ltd shares as the group starts operating under a single holding company.

RBPlat’s losses increase as Styldrift ramps up

The platinum producer has warned of bigger first-half losses despite record production.

Astoria’s NAV falls after asset sales

The investment group has disposed of most of its listed investments as it returns capital to shareholders.

23 July 2019

Amplats triples dividend as planets align

Following a strong first-half, the platinum producer says there are further opportunities to unlock full potential from its operations.

Takeover bid may scupper Fairvest's Safari plan

Shareholders holding 55.7% of Safari have agreed to support a R1.83 billion buyout instead of a merger with Fairvest Properties.

Cashbuild reports a better final quarter

Fourth quarter sales at the building materials retailer have help support an otherwise tough year.

Power Of Saving

South Africans, however, are notoriously bad at saving. The Investec GIBS Savings Index ranks South Africa last out of the G20 countries in terms of its...

The Week Ahead of 22 July 2019

The US economy is heavily reliant on the consumer for sustained growth

Transcend plans to offload Midrand units

The residential property fund says the 225 units at Midrand Village do not fit the typical profile of properties it includes in its portfolio.

22 July 2019

Pioneer soars on PepsiCo bid

PepsiCo says the deal is a vote of confidence in SA and could help attract further foreign direct investment to the country.

Naspers sets date for global listing

The internet giant is aiming to list its international internet assets on Euronext Amsterdam on 11 September.

CompCom says no to Murray takeover

The Competition Commission believes ATON’s acquisition of the local group could potentially throttle competition in the sector.

Clover buyout clears competition hurdle

The Competition Commission has recommended that the deal be approved, conditional on the preservation of jobs and local procurement.

Mid Cap Darlings – Spar

The SPAR Group is wholesale and retail distributor of food, drink, building and pharmaceutical products founded in 1963, now home to 350 000 employees serving clients...

AB InBev sells Australian unit

The brewer will use the proceeds to pay down debt after postponing the listing of its Asia Pacific subsidiary due to market conditions.

Merafe warns of lower earnings

The chrome and ferrochrome producer says it was affected by substantially lower chrome ore and ferrochrome prices in the first half of the year.

19 July 2019

Minas-Rio lifts Anglo's production

The diversified miner says it is on track to meet this year’s production target as Minas-Rio ramps up production ahead of schedule.

Cartrack shareholders dismiss offer

A mandatory offer was triggered after CEO Zak Calisto’s investment company took a 68% stake in the group

Mid Cap Darlings – Spar

The SPAR Group is wholesale and retail distributor of food, drink, building and pharmaceutical products founded in 1963, now home to 350 000 employees serving clients...

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)

Richemont posts strong rise in sales

The luxury goods group says Japanese and Chinese sales were particularly strong, while protests in Hong Kong affected its business there.

Liberty benefits from market recovery

The life assurer expects a strong rise in first-half earnings due to stronger equity markets and a continued turnaround of its business.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - How Ugandan businesses could benefit from Islamic banking

Many Ugandan businesses are eagerly watching developments in the area of Islamic banking, which could offer a welcome alternative to conventional banking services.

18 July 2019

Altron loses Tshwane broadband contract

The group says it is not ruling out an appeal after the High Court set the contract aside due to tender irregularities.

AECI warns of temporary earnings blip

The chemicals and explosives group says once-off restructuring costs will be offset by the resultant benefits.

Implats plans to settle pricey bonds

The platinum producer wants to use the tailwind of higher rand PGM prices to reduce debt and optimise its balance sheet.

BHP rebounds after Tropical Cyclone Veronica

The world’s biggest mining company reported a strong fourth quarter after a cyclone disrupted its Australian iron ore operations in March.

In conversation with Mark Ingham

Always good to have expert insights in challenging economic times with Ingham Analytics

Amplats finalises transfer of BRPM to RBPlat

The Department of Mineral Resources has granted its unconditional consent for the transfer of the mining rights to RBPlat.

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