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09 April 2019
A consortium including JSE-listed Wescoal terminated negotiations for Universal after failing to get the recommendation of the junior coal miner’s board.
The retailer says turnover rose by a market-beating 9.6% in the 53 weeks to 3 March, with like-for-like volumes up 5.1%.
The private education group also welcomed a High Court judgement that law degrees from private institutions should be recognised by the Law Society.
The German property investors expects like-for-like growth in rental income to top the 6.2% it reported last year.
Investec Australia Property Fund expects growth in its post-withholding tax distribution to be higher than previously forecast.
08 April 2019
The “track and trace” process required to ensure appropriate adjustments of accounting irregularities has proved to be more complex and time-consuming than expected.
The group has been looking for new complementary markets to support its order book in Australia.
The engineering group and capital equipment supplier says it’s pursuing all possible recoveries, including insurance claims, back charges, and project asset sales.
The construction materials group expects to report a rise of between 20% and 30% in full-year earnings.
Eskom chairman Jabu Mabuza told journalists on Wednesday that Eskom would have a R250bn shortfall over the next three years and even the thumping R69bn capital...
The European property investor has appointed former banking executive Werner Behrens as CEO from 1 May.
The energy firm’s auditors say there’s material uncertainty about its ability to continue as a going concern as its liabilities exceed its assets.
05 April 2019
PwC was commissioned by a subcommittee to investigation share trading activities and historic related-party transactions for any signs of malfeasance.
CFO Matthew Roberts will try to revive the shopping centre operator after a tough year and a number of abandoned takeover bids.
The fisheries group has flagged a rise of as much as 30% in first-half earnings.
Weekly summary of M&A activity by South African companies
Weekly summary of all M&A activity from across Africa (excluding South Africa)
South Africa's new stock exchanges are reporting they are making great strides in their very short history, yet an argument still exists about whether they will...
The ecotourism operator says due to its proposed delisting it wants to clear up the facts.
Weekly summary of corporate finance activity by South African exchange listed companies
Businesses must live with the reality of a tight regulatory framework and their M&A advisers must be familiar with the full body of law
04 April 2019
The tech services group aims to wind up its investigation by the end of May so it can clear its reputation after Microsoft terminated partnership agreements.
The wealth management group says the deal will secure its position in the UK financial advice market as it consolidates.
The real estate investment trust said proceeds of its R700 million book build would be used for opportunities in Spain.
The real estate investor says it is now focused on growing its branded office parks in Germany’s big seven cities.
Currently, Tsogo Sun Holdings has a diversified portfolio of assets including those in gaming entertainment and hospitality. The familiar assets attributable to the group include Montecasino,...
The Johannesburg Stock Exchange is up as the curtain closes on the first quarter of 2019, which will cheer the bruised bank accounts of SA's investors....
03 April 2019
Aggrieved European shareholders and the retailer have agreed to postpone legal proceedings until 15 May.
The diversified mining group says its initial estimate is for a 6 to 8 million tonne reduction in output from Western Australia Iron Ore.
The timber producer said the commercial forestry assets were too far from its processing operations.
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...
After reporting a first-half loss, the infrastructure supplies group is selling Pentafloor back to the original owners.
The platinum developer has reported a headline loss for 2018 and now plans to get a smaller mine up and running.