03 April 2019

Steinhoff investors delay their day in court

Aggrieved European shareholders and the retailer have agreed to postpone legal proceedings until 15 May.

BHP reviews guidance after Tropical Cyclone Veronica

The diversified mining group says its initial estimate is for a 6 to 8 million tonne reduction in output from Western Australia Iron Ore.

York Timber sells outlier plantation to Sappi

The timber producer said the commercial forestry assets were too far from its processing operations.

EDWARD KIESWETTER INTERVIEW: New SARS boss: ‘I hope to reignite that flame of hope from the flicker of despair’

Edward Kieswetter walked into a strike on his first day in office on Monday, April 1. In an interview, he says his three priorities will be...

Accéntuate floored by acquisition

After reporting a first-half loss, the infrastructure supplies group is selling Pentafloor back to the original owners.

Wesizwe aims lower with Bakubung mine

The platinum developer has reported a headline loss for 2018 and now plans to get a smaller mine up and running.

02 April 2019

Raubex hampered by potholes

The group expects to declare a final dividend of between 15c and 23c per share due to a decline in full-year earnings.

Slicker Oando benefits from higher oil prices

The Nigerian oil producer has cut debt and improved earnings and says there’s scope to resume dividend payments.

Schroder completes warehouse redeployment

The European property investor has redeployed all of the proceeds from last year’s sale of low-yielding retail properties into more lucrative logistics assets.

Trencor withholds dividend as it mulls Textainer listing

The group is preserving cash after buying back shares worth R100 million as it considers an inward listing of US investment Textainer.

South Africa dodges a bullet from Moody’s

The very strong bounce in the S&P 500 during the first quarter of 2019 has resulted in the strongest Mar quarter since 1998. After flirting with...

EVITA'S FREE SPEECH: Ep. 188: Evita exposes the April Fools (Video)

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

AYO credits contract win for strong growth

The technology company has more than tripled first-half earnings and hopes to win more lucrative contracts with multi-nationals.

Atlatsa gets debt reprieve as it winds down

The platinum mining and exploration group reported a lower loss for 2018 as it prepares to buy out minorities and go private.

01 April 2019

Calgro M3 prepares investors for a loss

The housing developer says it’s taken steps to address the issues it can control and is awaiting an insurance claim for those it can’t.

Phumelela battles over hurdles

The horse racing and sports betting business plans to downsize after reporting weaker results from its local operations.

Adcorp rallies as profit returns

The outsourced services and labour broking group says full-year profit will rise as much as 253%.

Brainworks stalls results on currency uncertainty

The hotels and real estate investor expects to report a profit after paying down debt and existing the financial service sector.

Conduit Capital hit by Constantia underwriting loss

The investment holding company expects its insurance business to achieve an underwriting profit in the second half of the year.

Business Maverick: Capitec’s results show the heat is on in banking

Capitec's results on Thursday were more keenly watched than normal because of a slew of new entrants into the banking field. The company reported good results,...

4Sight plans further expansion offshore

The new-age technology group plans to grow in the Americas after its first full year on the JSE.

29 March 2019

Capitec jumps as it draws more customers

The bank reported a rise in transaction fees as it grew active customer numbers to 11.4-million.

Steinhoff offloads Unitrans

The retailer hasn’t disclosed how much it expects for the motor dealership after selling its remaining stake in KAP Industrial for R4.8 billion earlier this week.

Netcare pays dearly to keep the lights on

The private hospitals group expects to pay over R10 million this year to keep generators running at its hospitals during load shedding.

Anchor maintains earnings in tough market

The financial services group says it was affected by weak investment markets and reduced activity on the JSE, which resulted in lower brokerage.

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)

Jubilee Metals swings to profit as projects come onstream

The processor of surface materials produced almost twice as much platinum group metals last year at costs below the industry average.

TeleMasters loses GSM customers as it shifts to the cloud

The telecommunication systems business plans to acquire complementary businesses this year to improve its offering.

Unicorn completes conversion

The mining services group says it’s completed its conversion to an investment holding company, with a strong rise in first-half earnings.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - How amendments to the Companies Act could affect M&A deals

The amendments relate to changes in disclosure/governance requirements and to address some of the technical ambiguities in the Act which may affect M&A deals

28 March 2019

Steinhoff sells KAP stake for R4.8 billion

The retailer’s shares rose after it sold the investment to help reduce debt and boost working capital.

RDI confirms takeover interest

The real estate investment trust’s shares rallied after it confirmed a takeover approach from ASX-listed Cromwell Property Group.

Rhodes grows sales in challenging environment

Five-month sales are up but profit margins are under pressure due to low price inflation the lingering impact of the drought.

Trellidor rides on London Underground

The security products and blinds group expects to gain more traction from projects in the UK as growth at home dwindles.

Tiso Blackstar hit by impairments as it cuts costs

The media and print & packaging group isn’t paying a dividend as it focuses on reducing debt and selling its non-core steel assets.

Workforce benefits from diversification

The group is growing earnings from non-staffing businesses and says it’s likely to continue benefitting from government incentives.

Eastplats gets first revenue from Crocodile River

At full capacity, the tailings retreatment project is expected to generate cash flows from offtake of about $1 million a month for about five years.

Kibo shares soar 150% after CEO updates shareholders on four key projects

Over the past six months, JSE- and Aim-listed Kibo Energy has embarked on an extreme business makeover by selling off its mining assets to switch its...

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