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29 May 2019
The transaction will create the world’s biggest primary producer of platinum and help sustain Lonmin’s operations.
The network operator will raise R1.2 billion of its R15 billion target from the sale of its interests in Amadeus and Travelstart.
The fleet management and vehicle recovery group expects double-digit subscriber and annuity revenue growth to continue.
An undersupply of water to the poultry producer’s Standerton processing plant has cost it at least R85 million.
The review was triggered by a cash crunch at Engineering Services due to delays in the final testing of its Gamsberg Zinc project.
The mutual bank and lender says earnings will be sharply lower after the SA Social Security Agency shifted grant recipients to a new debit card.
28 May 2019
The telecoms operator came close to doubling the number of mobile customers using its services last year.
Demand at the group’s electrical engineering businesses has been subdued due to a cutback in spending by state-owned enterprises.
The IT security specialist wants to reduce unnecessarily high cash levels following a year of strong profit growth and high cash flows.
The casino and hospitality group plans to merge its assets in Latin America to create a regional giant.
An extended strike at its Plastics division and a new method for accounting for leases will contribute to a decline in full-year profit.
More chaos in UK politics should keep the GBP volatile.
27 May 2019
The life assurer has separated with CEO Peter Moyo over what it called a breakdown in trust.
The shares recovered early losses to close slightly higher on Friday after declining 3.5% on Thursday on news of Thomas Thomsen’s axing.
The group says PwC found no evidence confirming market manipulation and insider trading but said there was evidence of inadequate governance in the past.
The construction materials and commodities group says its diversification strategy is paying off, helping it grow full-year earnings.
The property investment company says it will unbundle the SA property group by February 2022 after receiving an investment in its local property portfolio.
24 May 2019
The retailer’s shares fell sharply after it warned that first-half headline earnings could be at least 50% weaker than a year ago.
The ground has revalued its investments due to a decline in the value of their respective peer groups.
The private hospitals group says tariff reductions due to regulatory changes will continue to impact its Swiss operation in the short term.
Ahead of the election, the stock market, foreign exchange market, and bond market were relatively calm and post the election there has been relative calm, with...
Weekly summary of M&A activity by South African companies
Weekly summary of all M&A activity from across Africa (excluding South Africa)
The fashion and homeware retailer has reported a good rise in earnings despite difficult trading conditions.
Shareholders will receive one share in the newly-listed hotels group for every Tsogo Sun share held.
The poultry and feeds group says raw material costs have risen while the price of eggs is on the decline.
Weekly summary of corporate finance activity by South African exchange listed companies
ICT solutions such as precision equipment and the Internet of Things are overcoming challenges and changing the way traditional farming is conducted in Africa
23 May 2019
The group says more cost overruns at Lake Charles in Louisiana haven’t altered its capital allocation strategy or dividend plans.
The fast-moving consumer goods group reported lower earnings as it still reels from the impact of last year’s listeriosis crisis.
The group says discussions with the European company follow a strategic review of its local and European Commercial Pharmaceuticals businesses.
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...
The furniture and appliances retailer has benefited from changes to credit granting rules and a wider target market.
The gold producer says it’s confident the SA mine will continue meeting its targets this year.
Shareholder Arrowhead says the lower payout won’t have a material impact on its own dividend for the year.
After reporting a lower final dividend, the real estate investment trust is budgeting for growth of 6% to 8% this year.