17 August 2020

Sweeter results as Tongaat cleans up

The sugar producer and agri-business says the restructuring has better positioned it to ride out Covid-19.

Sibanye-Stillwater flags surge in earnings

After a strike at its gold mines last year, the precious metals producer will return to a strong profit thanks to higher metals prices.

Woolworths rings up lower earnings due to Covid

Apart from the impact of Covid-19, the retailer has also been affected by new accounting methodology.

Impairments to push KAP into a loss

The industrial holding company will report a basic loss after Covid-19 and the weak polymer market resulted in impairments.

Europa Metals rallies on new Toral estimate

The minerals exploration and development company has raised the resource estimate of its Toral project by 40 percent.

The Week Ahead

S&P 500 almost back at record highs.

Master Drilling warns of lower earnings

The drilling specialist says many of the 23 countries where it operates imposed restrictions due to Covid-19.

14 August 2020

Brait announces a new deal for New Look

The investment group said it is confident that a recapitalisation on top of steps taken by management will support the struggling fashion chain.

Rolling in the Deep...

It seems an eternity since West Texas Intermediate (WTI) May Futures traded at minus $40/bbl.

Customers return to Famous Brands’ GBK

The restaurant group says the board of GBK is reviewing options available to the business after it cut off further financial assistance.

PPC’s Ball sets refinancing in motion

The cement producer is negotiating a more sustainable structure for debt in the DRC and may pursue a rights issue.

Record volumes and weak rand support Exxaro

The resources group has reported a strong increase in first-half earnings as a softer currency helped offset lower thermal coal prices.

Who's doing what in the African M&A space?

Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)

Who's doing what this week in the South African M&A space?

Weekly summary of Merger & Acquisition activity by South African companies

Jubilee rallies on chrome deals

The metals processing company has secured material for its Windsor recovery plant while increasing its processing capacity.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Temporary respite for companies trading in insolvent circumstances

Description: Many companies may be trading in insolvent circumstances, potentially in contravention of the Companies Act 71 of 2008 (Act).


13 August 2020

Clicks ready to dispense dividend despite Covid-19

Although pharmacy sales have not fared as well, the group has reported a strong rise in retail and wholesale turnover so far this year.

FirstRand steels itself rising credit losses

The financial services group says an increase in credit impairments is largely to blame for an expected drop in earnings.

Absa warns of sharp earnings decline

The banking group says credit impairments were four times higher in the first half of its financial year due to Covid-19.

Harmony gets big boost from rising gold

The company says its operating free cash flow margin is likely to double following a 25 percent jump in the gold price.

Redefine declares dispute over Mall of the South put option

Property investment and development company Zenprop plans to exercise its option to sell Mall of the South Property Development.

Peregrine buyout enters the final straight

Following Competition Tribunal approval, the private equity buyout still hinges on a couple of outstanding conditions.

12 August 2020

Impairments push Sasol into a loss

The energy and chemicals group says it was impacted by Covid-19 and a severe decline in crude oil and chemical product prices.

Exxaro aided by record coal exports

The diversified resources group says while the operating environment remained challenging, its managed operations were resilient.

Quilter makes it through its most challenging first half

The wealth manager says while it is used to managing through financial market volatility, the last six months were unprecedented.

Stadio weathers the Covid pandemic

The higher education group expects first-half core headline earnings to be as much as 30 percent higher than last year.

Sephaku swings to a loss as infrastructure spending dries up

The building and construction materials group says Covid-19 could not have come at a worse time for the industry.

The Week Ahead

Gold breaks through $2000 per ounce.



11 August 2020

AngloGold set for strong annual payout

The gold producer has reported a big increase in free cash flow, assisted by a 26 percent year-on-year increase in the gold price.

Richemont proposes new loyalty scheme

The luxury goods group plans to reward shareholders with tradable warrants after trimming its dividend ratio.

Iron ore up, all else down

How high can BHP go? It is already a shade below AUD40 on the Australian exchange whilst on the JSE the stock is up 20% year...

Lewis raises impairments due to Covid-19

The furniture and appliances retailer says it lost out on sales and customer account payments in March as the lockdown took effect.

Curro warns of lower earnings

The private schools group says first-half earnings were impacted by a R67 million impairment but recurring earnings will be higher.

The Week Ahead

Gold breaks through $2000 per ounce.

Strong support for Orion capital raise

The Australian minerals exploration and development company will use the proceeds from the share issue to advance its Prieska project in the Northern Cape.

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