15 May 2019

Kumba expects rock solid results

The iron ore producer expects first-half earnings to be at least 160% up on last year.

Investec Property Fund strengthens offshore focus

The real estate investment trust’s 2019 distribution was supported by its investment in its Pan-European logistics platform.

Rebosis holds back on dividend as it pays down debt

The real estate investment trust had a tough first half, impairing the value of its UK investment by close to R2 billion.

Lighthouse Capital makes progress on strategy

The property investor is exiting its listed portfolio so it can grow its direct property and development assets.

MiX Telematics grows earnings on new subscribers

The vehicle tracking and asset management solutions group is targeting similar growth in the year ahead.

Argent sees silver lining

The group expects to report a strong rise in full-year earnings after it downsized and restructured its operations.

Mazor cuts costs as it prepares for another tough year

The steel, aluminium and glass group says its tendering for as many contracts as possible in a constrained market.

Vodacom’s earnings down on BEE deal

Stripping out the costs of the R16.4 billion scheme, full-year profit would have been 4.2% higher.

Raubex’s earnings hit a donga

The group says it’s rightsized its roads and earthworks businesses due to a big drop in business from the public sector.

14 May 2019

Netcare feels the strain of local healthcare sector

The private hospitals group increased earnings due to the inclusion of Akeso Clinics as demand for mental healthcare services grew.

Astral’s fortunes deteriorate

Selling prices have fallen and costs have risen, resulting in a sharp decline in first-half earnings.<

Calgro M3 at a loss after land invasions

The affordable housing and memorial parks developer faced a series of obstacles last year that pushed it into a full-year loss.

The Week Ahead of 13 May 2019

Just when you thought it was safe to go back in the water…..

What stops you from being financially free?

Are you the reason that you won’t be financially free one day? Carry on reading to find out, and I hope you don’t recognise yourself in...

Vodacom’s earnings down on BEE deal

Stripping out the costs of the R16.4 billion scheme, full-year profit would have been 4.2% higher.

Octodec prepares for lower second-half payout

The real estate investment trust says its payout has been affected by pressure on rental income growth and rising operating costs.

Raubex’s earnings hit a donga

The group says it’s rightsized its roads and earthworks businesses due to a big drop in business from the public sector.

13 May 2019

Lonmin backs merger despite improved fortunes

The platinum producer says it’s still constrained by a capital structure that inhibits it from investment in new projects.

Clover churns out higher earnings ahead of buyout

The group, which is under a R4.8 billion takeover offer, will report a strong rise in profit after impairments affected its 2018 earnings.

Drought continues to hamper Kaap Agri

The agri-services group says the recovery in Wesgraan and the impact of new petrol stations will come through in the second half.

Tharisa hit by lower sales, rising costs

The platinum and chrome producer sold less metal at a lower price, while costs rose due to reduced economies of scale.

Value Group grows customers in tough economy

The distribution and logistics group has reported a sharp rise in earnings as it cut costs and found new customers.

Rebosis jumps despite declining dividend

The real statement investment trust says the full-year dividend for its B shares will be as much as 76% lower than last year.

Pepkor forecasts higher earnings

The retail group’s 2018 interim results were negatively affected by a R500 million provision.

10 May 2019

AngloGold Ashanti may draw the curtain on SA

The group says its remaining SA mine, Mponeng, requires further investment which could earn better returns elsewhere.

Sappi sinks on soggy paper demand

The paper and pulp producer says full-year earnings are likely to be lower due to pricing pressure and global economic uncertainty.

Earnings jump as Altron completes restructuring

The ICT and electronics group lifted full-year earnings by half as a number of its businesses won lucrative private and public-sector contracts.

US Market review May 2019

As I am struggling to find deep value Blue Chip shares in the overvalued US market to recommend, I am going to change the direction of...

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)

Mondi wraps up a strong first quarter

The paper and packaging group said it benefitted from acquisitions, higher selling prices and a strong operational performance.

MTN prepared for Nigerian listing

The network operator will list its Nigerian business this month after it received the approval of the country’s Securities and Exchange Commission.

Oceana reports a strong catch

The producer of Lucky Star pilchards benefited from increased sales of canned fish but footed a much higher tax bill.

Weekly corporate finance activity by SA exchange-listed companies

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

Movers & Shakers - Virusha Subban

Virusha Subban has joined Baker McKenzie’s Africa Tax team as a partner and head of Indirect Tax

09 May 2019

Steinhoff lays bare the cost of fraud

The embattled retail group has finally released its 2017 accounts and says sales for the subsequent two years are likely to be worse.

Late Easter dampens AB InBev’s beer sales

The world’s biggest brewer says SA and Argentina reported weaker consumption in the first quarter as consumer spending remained under pressure.

DRDGold rallies on higher production numbers

The mine dump reprocesser benefitted from last year’s acquisition of Far West Gold Recoveries from Sibanye-Stillwater.

Engine deal fuels Vivo Energy

The fuel and lubricants group says March’s volumes were 13% higher after it added 230 Engen garages to its network.

Datatec flags a return to profit

The ICT group says it’s made good progress in reshaping its Westcon International business, while Logicalis and Analysys Mason have continued to do well.

Pierre De Vos: OPINIONISTA: A guide to what happens after the election results are announced

After weeks in which politicians have been swarming across South Africa to canvass for votes - often making promises they know they cannot keep - the...

BUSINESS MAVERICK: Markets don't care about elections. Or do they?

Like the election itself, South Africa's markets are in a quandary. The economy is in a poor state, but SA's stock markets are verging on record...

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