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02 April 2019
The group expects to declare a final dividend of between 15c and 23c per share due to a decline in full-year earnings.
The Nigerian oil producer has cut debt and improved earnings and says there’s scope to resume dividend payments.
The European property investor has redeployed all of the proceeds from last year’s sale of low-yielding retail properties into more lucrative logistics assets.
The group is preserving cash after buying back shares worth R100 million as it considers an inward listing of US investment Textainer.
The very strong bounce in the S&P 500 during the first quarter of 2019 has resulted in the strongest Mar quarter since 1998. After flirting with...
ANC cadre Evita Bezuidenhout tries to expose fake news and highlight alternative facts with a weekly episode of EVITA'S FREE SPEECH.
The technology company has more than tripled first-half earnings and hopes to win more lucrative contracts with multi-nationals.
The platinum mining and exploration group reported a lower loss for 2018 as it prepares to buy out minorities and go private.
01 April 2019
The housing developer says it’s taken steps to address the issues it can control and is awaiting an insurance claim for those it can’t.
The horse racing and sports betting business plans to downsize after reporting weaker results from its local operations.
The outsourced services and labour broking group says full-year profit will rise as much as 253%.
The hotels and real estate investor expects to report a profit after paying down debt and existing the financial service sector.
The investment holding company expects its insurance business to achieve an underwriting profit in the second half of the year.
Capitec's results on Thursday were more keenly watched than normal because of a slew of new entrants into the banking field. The company reported good results,...
The new-age technology group plans to grow in the Americas after its first full year on the JSE.
29 March 2019
The bank reported a rise in transaction fees as it grew active customer numbers to 11.4-million.
The retailer hasn’t disclosed how much it expects for the motor dealership after selling its remaining stake in KAP Industrial for R4.8 billion earlier this week.
The private hospitals group expects to pay over R10 million this year to keep generators running at its hospitals during load shedding.
The financial services group says it was affected by weak investment markets and reduced activity on the JSE, which resulted in lower brokerage.
Weekly summary of M&A activity by South African companies
Weekly summary of all M&A activity from across Africa (excluding South Africa)
The processor of surface materials produced almost twice as much platinum group metals last year at costs below the industry average.
The telecommunication systems business plans to acquire complementary businesses this year to improve its offering.
The mining services group says it’s completed its conversion to an investment holding company, with a strong rise in first-half earnings.
Weekly summary of corporate finance activity by South African exchange listed companies
The amendments relate to changes in disclosure/governance requirements and to address some of the technical ambiguities in the Act which may affect M&A deals
28 March 2019
The retailer’s shares rose after it sold the investment to help reduce debt and boost working capital.
The real estate investment trust’s shares rallied after it confirmed a takeover approach from ASX-listed Cromwell Property Group.
Five-month sales are up but profit margins are under pressure due to low price inflation the lingering impact of the drought.
The security products and blinds group expects to gain more traction from projects in the UK as growth at home dwindles.
The media and print & packaging group isn’t paying a dividend as it focuses on reducing debt and selling its non-core steel assets.
The group is growing earnings from non-staffing businesses and says it’s likely to continue benefitting from government incentives.
At full capacity, the tailings retreatment project is expected to generate cash flows from offtake of about $1 million a month for about five years.
Over the past six months, JSE- and Aim-listed Kibo Energy has embarked on an extreme business makeover by selling off its mining assets to switch its...
27 March 2019
The group says a focus on its employee benefits business is aimed at delivering optimal value for stakeholders.
The retailer will sell its remaining 26% stake in the industrial group if it can achieve an acceptable price for the stock.
The drilling specialist says it has a stable order book and a healthy pipeline of work, with increased enquiries for its services.
The private equity investor says it’s in a position to take advantage of attractive valuations for unlisted companies across sub-Saharan Africa.
By signing 5-year lease agreements, the Department of Public Works will give the property fund more predictable earnings going forward.
Who better than Dischem to help us get through all the bitter pills we have had to swallow as a country. Dischem is a relatively new...
Despite a short-term decline in earnings, the credit provider says the investment will realise significant value in the medium term.
The electrical cable manufacturer believes action taken over the past year will improve profitability.
An inverted yield curve in the US suggests a recession may not be too far off.