10 July 2019

intu sells Derby stake to cut debt

In a structured equity transaction, Kuwait’s Cale Street Investments will pay £186.3 million for half of the intu Derby shopping centre.

Texton winds up Chobe Tesco sale

The property fund will use the proceeds of £12 million to pay down debt and fund capex requirements.

Tharisa’s year improves

The platinum and chrome producer has reported an increase in third-quarter chrome production following a pit redesign.

Kibo to split Tanzania licence in seven

The energy company says the change in approach to its application has provided further clarity on its coal to power project in that country.

PSV scraps empowerment deal

The industrial group hasn’t received the subscription price from its prospective empowerment partner.

09 July 2019

Implats rallies on return to profit

The platinum producer is the JSE’s top performer this year, buoyed by higher metals prices and an operational turnaround.

Steinhoff adds a new CFO

After a year and a half in the job, Philip Dieperink is vacating his position and will be replaced by operations director Theodore de Klerk.

Arrowhead and Gemgrow firm up merger

Arrowhead’s reverse take-over of Gemgrow is expected to benefit both sets of shareholders and improve liquidity and access to capital markets.

Datatec’s Logicalis expands with Mars

The ICT group says their combined portfolio will offer a better range of services and solutions to local and international customers.

All you need to know on Sasol to politics proof your portfolio

Sasol, despite short-term volatility in the share price, should continue to be considered as a core portfolio holding for South African investors.

The Week Ahead of 8 July 2019

The are few winners in the new cold war. As the US and China reached an uneasy truce of sorts on the fringes of the G20...

Anglo fund takes up Orion stake

The Australian minerals explorer has also received environmental authorisation for its Prieska Zinc-Copper Project in the Northern Cape.

08 July 2019

Aspen falls as talks end

The pharmaceuticals group says it’s now in a position to explore options with other potential partners for its European pharmaceuticals business.

Trans Hex considers buyout

The diamond producer says operating in an unlisted environment would reduce costs, while shareholders would get the chance to exit at a premium.

Aveng offloads DFT

The engineering and construction group will use the proceeds to strengthen its financial position and reduce debt as it’s turnaround continues.

New boss at Astoria

Chief financial officer Tiffany Purves will take on a dual role while the investment group looks for a replacement CEO.

05 July 2019

SAA award gives Comair wings

SAA’s settlement over anti-competitive behaviour will lift Comair’s headline earning’s by 277c per share.

Absa to list ETFs on A2X

The bank says taking a secondary listing for its three precious-metal ETFs will help reduce overall costs for investors.

Quilter considers exiting life assurance business

The wealth manager is undertaking a strategic view of its Old Mutual Wealth Life Assurance business which could lead to its disposal.

Mid Cap Darlings – Reunert

One of the grandpas on the stock exchange, Reunert was founded in 1888 by Theodore Reunert and Otto Lenz, and listed on the JSE in 1948.

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)

Glencore urges restraint in DRC

The group’s Kamoto Copper Company has asked armed forces near its mines to exercise restraint against illegal artisanal in the area.

Super Group completes supply chain deals

The logistics group says the transactions will bolster its position in the refrigerated and retail sectors.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - New scramble for Africa: Structuring for business success

Home to the fastest-growing middle class in the world, Africa is predicted to have a larger workforce than both China and India by the year 2034.

04 July 2019

PwC quits Group Five

The resignation of the construction group’s auditors follows the departure last week of its chair and three other non-executive directors.

EOH to share details of probe

The group says it has assessed a report by law firm ENSafrica and will make the relevant findings public later this month.

Afrimat backs out of coal deal

The construction materials and commodities group has ended talks to buy the ASX-listed coal producer for R2.1 billion.

Money Herds

Have you ever noticed patterns in the way that groups of people live their lives? These patterns become more obvious and predictable when the size of...

Amber light on Imperial

Imperial Logistics, listed in the Industrial Transportation sector, is forecast to underperform for the foreseeable future. Is there potential for recovery or not? What is the...

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