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31 July 2020
The global brewing giant has impaired its African operations and says the second alcohol ban in SA will affect its third-quarter performance.
The diversified resources group says first-half sales volumes at subsidiary De Beers fell close to a half.
The gold mining company gave no reason for Kelvin Dushnisky leaving on 1 September after two years at the helm.
In funding transactions (whether by means of debt or the issue of preference shares), funders typically require security for the funding provided.
You might be astonished by what you thought you knew, but didn't. Or by what you thought you didn't need to know, but did.
Weekly summary of Merger & Acquisition activity by South African companies
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
The retail group says the financial costs of its restructuring also continues to be substantial as it seeks to settle lawsuits.
The pulp and paper producer fell into a quarterly loss as Covid-19 added to already weak markets for dissolving pulp and graphic paper.
Its share price retraced some of its recent heady gains after it said there was no material event to explain the recent surge.
Weekly summary of corporate finance activity by South African exchange listed companies
30 July 2020
The JSE blamed a lack of governance and oversight mechanisms, inadequate and ineffective controls and systems on previous management.
The bank says headline earnings may halve due to the impact of continent-wide lockdowns on economic activity.
The energy and chemicals group is selling the site to a unit of French multinational Air Liquide as part of its accelerated disposal programme.
The sale to ECP Africa Fund was renegotiated due to the risk introduced by Covid-19 and the sales impact of the lockdown.
Although its markets remain affected, the chemicals and explosives group says its solid financial position allows it to pay an interim dividend.
The property fund, which owns half of the Fourways super-regional mall, says it is also unlikely to pay a dividend for its 2021 year.
29 July 2020
The company plans to develop a new pit that will extend the life of its Kolomela mine and says it is encouraged by the recovery in...
The business rescue practitioners need another month to finalise short-term bridge funding and advance two offers from potential investors.
The service station operator says fuel sales have rebounded following the easing of lockdown restrictions.
The plastics manufacturer says trading has been reasonable throughout the lockdown, with some beneficial procurement opportunities.
The information and communications technology group says its headline loss was impacted by the write-down of financial assets.
28 July 2020
The group says if all claims against it were successful, its net asset value would fall short of the amount needed to settle them.
The platinum producer says its second half should be stronger, although significant risks and headwinds still exist.
The gold producer has benefitted from a rising gold prices, higher foreign exchange gain and lower once-off costs.
If central bankers were football fans, they would have appropriated the West Ham chant of "Forever Blowing Bubbles" a long, long time ago.
The investment holding and management company took a decision to seriously review its balance sheet, resulting in significant impairments.
The life assurer has set aside R3 billion to cover the expected increase in mortality and retrenchment claims as a result of Covid-19.
The shopping centre owner says it will consider the payment of a final dividend with its full-year results.
Insurers have been under pressure from the authorities to provide some relief to their clients as an interim measure ahead of court rulings.
27 July 2020
The retailer says sales have recovered strongly following the relaxation of lockdown restrictions and as consumers trade down.
The retailer benefitted from a big rise in online sales as it marked down merchandise to manage inventory and generate cash.
International mobile games are increasingly important for Tencent, growing ahead of its China revenues.
First-half earnings were boosted by disposals while headline earnings gained from non-operational items.
Originally intended to provide sellers with peace of mind once they exited a business, W&I Insurance has evolved to include buy side policies.
US/China political tensions heighten.
The hotel group has reopened some of its hotels as lockdown restrictions ease but occupancies remain low.
After withholding an interim distribution, the real estate investment trust says it will decided on its policy with its full-year results.
Grit is consolidating its three listings into two, which it says will save on costs and boost trading in London and Mauritius.