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07 December 2020
MTN poaches Telkom finance boss
Tsholofelo Molefe replaces Ralph Mupita as group CFO and will support the execution of its growth and deleveraging strategy.
The iron ore miner says it is ensuring that its value chain remains balanced, with finished stock maintained at optimal levels.
Wescoal under pressure as Eskom sales decline
The coal producer says offtake by Eskom and other trading clients has not recovered to pre-lockdown levels.
E-commerce drives Stenprop inquiries
The multi-let industrial property group says there is demand from business wanting to start or grow their e-commerce operations.
Metair recharges guidance for battery business
Revenue from its energy storage business will be down by less than expected while its automotive components vertical has been more affected.
Load shedding provides a spark for Ellies
The consumer and commercial electronics group says it benefitted from rising demand for alternative energy solutions.
04 December 2020
No dividend from illiquid Rebosis
The property fund says there is a material uncertainty on its ability to continue as a going concern.
Hyprop reports higher Black Friday footfall
The shopping centre owner says tenants at its malls spread specials out for the month of November due to Covid-19.
Neither a borrower nor a lender be
Ingham Analytics have issued “Neither a borrower nor a lender be” which looks at South African banks from a macro view.
TOP 35-UNDER-35 2020: MEET THE WINNERS
The Top-35-under-35 competition was launched by the South African Institute of Chartered Accountants (SAICA) in 2014 to recognise its young CA(SA) achievers.
Who's doing what this week in the South African M&A space?
Weekly summary of Merger & Acquisition activity by South African companies
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies
Oceana raises dividend after decent catch
The Lucky Star owner says it was supported by continued demand and firm pricing for its products.
Exxaro increases coal production
The resources group says higher volumes and the weaker rand have cushioned a decline in coal prices.
The electronics manufacturer and distributor will report a profit after slashing operating expenses and reducing losses at its manufacturing division.
Alexander Forbes maintains earnings in tough environment
The employee benefits business says its clients were badly affected by the lockdown, with retrenchments, salary cuts, reduced retirements savings and business closures.
Who's doing what in the African M&A space?
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
Thorts - Despite the “pandemic quarter" SA’s agricultural sector remains buoyant
As one of the few sectors that seems able to successfully rally against South Africa’s economic challenges, agriculture’s investment potential is worth exploring
Thorts - Use of knowledge qualifiers in respect of warranties in private company M&A transactions
The use of a knowledge qualifier is to limit the reach of a contractual provision so that it only applies to what the relevant party “knows”.
03 December 2020
Sasol prepares to bank Lake Charles proceeds
The energy and chemicals group says it has also successfully concluded talks with its lenders to keep its amended debt covenant in place.
The technology services group is still trying to sell its IP businesses as it reduces debt while refinancing talks continue.
Ingham Analytics have updated their assessment of Capitec in "Froth back?" in which they analyse the financial situation and flesh out the valuation metrics.
Tongaat soars as it returns to profitability
The sugar producer and landowner has also made progress in reducing debt in line with its commitment to lenders.
The cement producer says after a difficult start to the year due to Covid-19, sales recovered strongly in the second quarter.
Nedbank to stick with SARB dividend guidance
The bank has reported a continued improvement since August but says a dividend is unlikely this year.
Remgro mops up illiquid RCL stock
The investment holding company says an offer to buy up to 100 million shares should not be seen as a takeover.
Altron raises price for Bytes listing
The technology group is planning to demerge and list its Bytes UK business on the London Stock Exchange before Christmas.
Redefine postpones dividend as it reduces debt
The real estate investment trust says offshore dividends were withheld and Covid-19 had a big impact on its local portfolio.
Equites to develop new Amazon centre
The distribution centre is the second development deal to arise from its partnership with UK property developer Newlands.
Ascendis well positioned for Covid-19
The pharmaceuticals group says its drugs and hospital equipment should offset the negative commercial impact of the pandemic.
02 December 2020
Magic Markets Ep3: Touch my junk (bonds)
In the third episode of Magic Markets, we ask you to touch our junk.
Nampak unpacks full-year loss due to Covid-19
The packaging group was impacted by lockdowns, the ban on alcohol sales in SA and hefty impairments.
Sygnia rallies on upbeat forecast
After a good first-half, the fund manager says it will report strong full-year earnings growth.
Altron raises price for Bytes listing
The technology group is planning to demerge and list its Bytes UK business on the London Stock Exchange before Christmas.
Redefine postpones dividend as it reduces debt
The real estate investment trust says offshore dividends were withheld and Covid-19 had a big impact on its local portfolio.
Equites to develop new Amazon centre
The distribution centre is the second development deal to arise from its partnership with UK property developer Newlands.
Ascendis well positioned for Covid-19
The pharmaceuticals group says its drugs and hospital equipment should offset the negative commercial impact of the pandemic.
01 December 2020
Standard Bank says dividend remains uncertain
After holding back on an interim payout, the bank says a final dividend will depend on a host of factors including regulatory guidance.
Magic Markets Ep3: Touch my junk (bonds)
In the third episode of Magic Markets, we ask you to touch our junk. Well, our junk bonds.
ESG, short for environmental, social, governance may seem touchy-feely say Ingham Analytics but fund managers and even private investors are taking it seriously.
Invicta recovers following clean up
The investment holding and management company has sold businesses to strengthen its balance sheet while keeping a lid on costs.
Barloworld in a loss over Covid
The industrial group says it managed to maintain a strong balance sheet and cash balance, positioning it for the long-term.
Vukile expects a better second half
The property fund has held back on an interim dividend and says its full-year distribution will be based on a 75 percent payout ratio.
Tharisa overcomes Covid challenges
The platinum and chrome producer has benefitted from an improved operational performance and higher PGM prices.
Aveng makes some progress despite Covid-19
The engineering and infrastructure group says it is focused on restructuring its balance sheet and reducing debt
SENS
Dealing in Securities by an Associate of a Director
Published date: 30-Dec-2020 17:05:00Closed Period Share Repurchase Programme
Published date: 30-Dec-2020 16:58:00Specific Share Repurchase From Four Arrows Investments 256 Proprietary Limited
Published date: 30-Dec-2020 16:06:00YESTERDAY'S BEST READ
The property fund says investors holding less than 2 percent of its shares tendered them to a mandatory offer.
The investment holding company says its Constantia Insurance business has produced nine consecutive months of underwriting profits.
