NEWS ARCHIVES


23 November 2020

Sasol shareholders back Lake Charles deal

The energy and chemicals group will use the proceeds to reduce debt and may still resort to a rights issue.

PODCAST: Magic Markets Ep 2: China’s Electrical Storm

China's Electrical Storm, we give context to the Chinese ecosystem and the way regulation evolves within that environment, which is especially relevant to investors...

Tiger tamed by earnings decline

The fast-moving consumer goods group admits that its full-year results have been disappointing but it expects to reverse the trend.

Santam plans to appeal business interruption judgement

The short-term insurer believes the Western Cape High Court erred in its judgement regarding causation and the insured peril.

Added weight

Ingham Analytics point out that two major indices are increasing their weighting in gold for a second year.

The Week Ahead

The US economic recovery may be stalling.

Spur saddles up as lockdown eases

By the end of last month, most of its franchised restaurants had reopened with turnover recovering to previous levels.

Purple Group to turn a full-year profit

The fintech group became profitable at the halfway stage as its EasyEquities online investment platform scaled up.




20 November 2020

Absa says a dividend is unlikely

Although many of its performance metrics are improving, the bank says it is focused on preserving capital.

Investec reinstates dividend despite tough first half

The banking group held back on a final dividend for its 2020 year following guidance from banking regulators.

Life Healthcare passes on dividend due to Covid

The private hospital group has reported a loss but says activity is picking up at its hospitals.

The USD/ZAR rate slips back below 15.30 – What should you do?

Everything changed as the currency dropped out the bottom end of an incredibly wide range of predictions.

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

Weekly summary of Merger & Acquisition activity by South African companies

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

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

Woolworth supported by food sales as clothing declines

The retail group says trading conditions across its operations continue to be impacted by Covid-19.

Empty tables leave Tsogo Sun with a loss

The gaming group says its operations delivered a solid performance last month as restrictions were relaxed.

Covid accelerates digital transformation at Liberty

The insurer says a pandemic reserve set up earlier this year will be reassessed at the end of December.

Corporate finance activity of the week

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

Thorts - Retail consolidation – is this just the beginning?

The sector will need to see smaller players consolidate or merge with larger peers in order to withstand the impact of a weakened economic climate and...




19 November 2020

Sasol directors agree to fee cut

The energy and chemicals group acknowledges the erosion of shareholder value over the past two years.

SPAR delivers knockout performance

Despite losses at its Polish business after Covid-19 disrupted progress in the new market, the group has grown earnings and raised its dividend.

Brait concerned by second Covid wave

Virgin Active and New Look have closed their doors once again due to new lockdown restrictions in Europe and the UK.

Investec Property Fund delays dividend

The fund has announced a top-up payment on its previous distribution but is holding back on an interim payment for now.

Sabinet Judgments — a well-rounded view of reported and unreported judgments

Sabinet, one of the most respected thinkers at the intersection of law and technology, is proud to announce a new service - Sabinet Judgments.

enX rallies on buyer interest

The industrial group says the potential disposal represents an attractive opportunity to monetise its investment in a major subsidiary.

Reunert flags big earnings decline

The electrical engineering, electronics and ICT group says free cash flow generation was in line with historic ratios despite the tough environment.

CORPORATE ANNOUNCEMENT BY: STELLAR CAPITAL PARTNERS LIMITED




18 November 2020

Raubex rallies on contract awards

The construction and road building company says it is well positioned to participate in infrastructure projects announced by the government.

WBHO swings to full-year loss

On top of Covid-19, the construction group has faced increased losses in Australia as it prepares to scale down its business there.

What a drag

Prosus and Naspers report both report interim earnings on 23 November.

Rhodes impacted by Covid restrictions

While sales of pies and fruit juice have recovered, the food group says it will continue to feel the aftershock of the Covid-19 pandemic.

Ninety One to pay maiden dividend

The fund manager experienced its first half-year net outflows as investors became more cautious and it lost mandates.

Super Group adds up the cost of Covid

The logistics, supply chain and dealership group expects a big recovery this year if there are no further lockdowns.

Stor-Age grows occupancies despite lockdown

The self storage property specialist says enquiry levels returned to pre-Covid-19 levels by the end of May as restrictions were eased.

CORPORATE ANNOUNCEMENT BY: HULAMIN LIMITED

CORPORATE ANNOUNCEMENT BY: RFG Holdings Limited




17 November 2020

Sasol switches on last Lake Charles unit

Over budget and way past schedule, Sasol says the last unit at its Lakes Charles Chemicals Project is now in operation.

Vodacom charged by data surge

The network operator says data usage surged in the first half of its financial year due to demand from stay-at-home customers.

Prosus and Naspers ride on Tencent stake

The companies have benefitted from growth in e-commerce and their investment in Chinese internet giant Tencent.

Shoprite sales dampened by liquor ban

The retailer has welcomed the recent easing of restrictions on alcohol sales.

Life Healthcare gets offer for Polish operation

The offer is lower than the carrying value of Scanmed, resulting in an additional impairment.

Magic Markets Ep1: Rollin’ with the Rand

Rollin' with the Rand, we take a look at the major drivers of Rand strength and weakness, its relative value at the moment (now trading at...

Astral uncracked by Covid-19

The poultry and feeds group is paying a final dividend after surviving the worst of the lockdown.

Did your seatbelts go to waste?

Andrew had warned of volatile times to come and the markets did not disappoint.

CORPORATE ANNOUNCEMENT BY: CAXTON&CTP PUBLISHERS & PRINTERS LIMITED

CORPORATE ANNOUNCEMENT BY: Reinet Investments




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