22 July 2019

Pioneer soars on PepsiCo bid

PepsiCo says the deal is a vote of confidence in SA and could help attract further foreign direct investment to the country.

Naspers sets date for global listing

The internet giant is aiming to list its international internet assets on Euronext Amsterdam on 11 September.

CompCom says no to Murray takeover

The Competition Commission believes ATON’s acquisition of the local group could potentially throttle competition in the sector.

Clover buyout clears competition hurdle

The Competition Commission has recommended that the deal be approved, conditional on the preservation of jobs and local procurement.

Mid Cap Darlings – Spar

The SPAR Group is wholesale and retail distributor of food, drink, building and pharmaceutical products founded in 1963, now home to 350 000 employees serving clients...

AB InBev sells Australian unit

The brewer will use the proceeds to pay down debt after postponing the listing of its Asia Pacific subsidiary due to market conditions.

Merafe warns of lower earnings

The chrome and ferrochrome producer says it was affected by substantially lower chrome ore and ferrochrome prices in the first half of the year.

19 July 2019

Minas-Rio lifts Anglo's production

The diversified miner says it is on track to meet this year’s production target as Minas-Rio ramps up production ahead of schedule.

Cartrack shareholders dismiss offer

A mandatory offer was triggered after CEO Zak Calisto’s investment company took a 68% stake in the group

Mid Cap Darlings – Spar

The SPAR Group is wholesale and retail distributor of food, drink, building and pharmaceutical products founded in 1963, now home to 350 000 employees serving clients...

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)

Richemont posts strong rise in sales

The luxury goods group says Japanese and Chinese sales were particularly strong, while protests in Hong Kong affected its business there.

Liberty benefits from market recovery

The life assurer expects a strong rise in first-half earnings due to stronger equity markets and a continued turnaround of its business.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - How Ugandan businesses could benefit from Islamic banking

Many Ugandan businesses are eagerly watching developments in the area of Islamic banking, which could offer a welcome alternative to conventional banking services.

18 July 2019

Altron loses Tshwane broadband contract

The group says it is not ruling out an appeal after the High Court set the contract aside due to tender irregularities.

AECI warns of temporary earnings blip

The chemicals and explosives group says once-off restructuring costs will be offset by the resultant benefits.

Implats plans to settle pricey bonds

The platinum producer wants to use the tailwind of higher rand PGM prices to reduce debt and optimise its balance sheet.

BHP rebounds after Tropical Cyclone Veronica

The world’s biggest mining company reported a strong fourth quarter after a cyclone disrupted its Australian iron ore operations in March.

In conversation with Mark Ingham

Always good to have expert insights in challenging economic times with Ingham Analytics

Amplats finalises transfer of BRPM to RBPlat

The Department of Mineral Resources has granted its unconditional consent for the transfer of the mining rights to RBPlat.

17 July 2019

EOH uncovers R1.2 billion in dubious deals

A report by ENS has uncovered unsubstantiated payments, tender irregularities and other unethical business deals in public sector business.

Amplats more than doubles earnings

Shareholders are in line for a bigger dividend as the group benefits from higher rand PGM prices and a recent restructuring.

Ingenuity plans to delist

The company says it has not experienced material benefits from being on the JSE and delisting will allow it to focus on its performance.

NEPI progresses with Romanian office sale

AFI Europe has exclusivity for eight weeks to conduct a due diligence exercise on the €309 million office portfolio.

Sasol - Implications of the Rand at R14/USD

Ingham Analytics has adjusted earnings estimates and assume a lower oil price and chemicals prices. Whilst there is negative free cash flow after expansion capital expenditure...

16 July 2019

EOH executives quit

The two divisional CEOs resigned with immediate effect ahead of the release of a report into public sector contracts.

AB InBev pulls Hong Kong listing

The brewer said the decision not to proceed with the public offering was partly due to prevailing market conditions.

enX sells Eqstra to Bidvest

Bidvest will pay an enterprise value of R3.1 billion for the fleet management and logistics business.

IDC puts up funding for Makhado

The R245 million facility will be used to develop the west pit and modify the existing Vele Colliery processing plant.

It sometimes feels like I am a one trick pony

It sometimes feels like I am a one trick pony… all I ever do when I write these is moan about how difficult conditions in South...

PFG and Zeder cautionaries raise speculation

It was suggested that Pioneer may be about to make an acquisition or that Zeder could unbundle its stake in the food producer.

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