Exxaro's dividend soars after a bumper year

The resources group has lifted its full-year dividend by 55% after a year of record production and a bigger payout from Sishen.

Metair charged up after a strong year

The group’s automotive components and battery businesses both delivered strong growth and it expects conditions to remain favourable.

MC Mining pushes ahead with Makhado

The coal producer says phase one of its flagship project has been approved in time to take advantage of positive coking coal prices.

Quantum Foods warns of weaker earnings

The poultry and egg producer has warned of lower first-half earnings after a strong 2018 financial year.

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)

ARC misses targets after tough year

The investment group’s portfolio was affected by the weak economy, with the value of its listed investments declining last year.

RMBH rides on FirstRand’s growth

The investment holding company has narrowed the discount to its underlying intrinsic value to 11.2%.

Capital & Regional falls after reducing its dividend

The real estate investment trust wants to preserve cash to fund investment while maintaining its distribution requirements.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Need to limit uncertainty for foreign acquiring firms

Steps need to be taken to ensure that the Competition Amendment Act doesn’t unjustifiably intrude on the Constitutional rights of foreign acquiring firms and shareholders

Growthpoint looks offshore for growth

The real estate investment trust says it expects little to no growth from its SA property portfolio this year due to the weak economy.

Libstar pays maiden dividend after tough year

The branded consumer goods group says last year was the toughest yet but it has a very clear growth strategy.

Sun International jumps on improved earnings

The hotels and casinos group plans to continue reducing its debt due to strong cash generation at its operations.

Mpact wraps up strong year for paper

The paper and plastics packaging group benefited from an upgrade at its Felixton mill, lower recovered paper costs and rising containerboard prices.

Impairments hit Grand Parade’s profit

The investment group has impaired its investment in Dunkin’ Donuts and Baskin-Robbins after liquidating them in December.

Global grows losses as it invests in renewables

The investment group is moving out of asset finance as it takes advantage of the more to recycling and alternative energy.

Investec fund buys bargain Canberra property

The property fund is buying the building housing Australia’s Attorney General as it invests in well located, high quality assets.

Group Five suspended as taps run dry

The construction and infrastructure group says shareholders have little chance of realising any value as it joins Basil Read and Esor in business rescue

FNB lifts FirstRand in challenging year

The banking group’s first-half performance was also supported by a solid contribution from newly-acquired UK lender Aldermore.

Quilter rallies on full-year profit growth

The MedScheme owner has maintained its programme of expansion as it prepares for new public sector contracts.

AfroCentric gears up for new contracts

AfroCentric has reported subdued first-half profit growth as it invests in new businesses across the healthcare value chain.

Stenprop boosts UK industrial portfolio

The industrial property company has increased its multi-let industrial portfolio to more than £250 million with the addition of Gainsborough Trading Estate.

Mid Cap Darlings – Curro Holdings Limited

There is plenty of evidence that the Mid Cap stocks outperform the large caps over the long term. During times of uncertainty and low economic growth,...

Global Asset Management to delist

The AltX-listed company has launched a scheme of arrangement, alongside a mandatory offer from large shareholder ARC.

Metrofile warns of lower profit as CFO resigns

The documents storage business says first-half HEPS will be up to 39% lower.

Absa grows earnings after ‘unprecedented’ year

The banking group’s results for 2018 are still impacted by its separation from former parent Barclays Plc.

Old Mutual delivers on most commitments

The group missed its main profit target due to volatile markets and the weak SA economy as it announced R2 billion in share buybacks.

AVI hobbled by weak shoe sales

The consumer goods group’s first-half results were impacted by poor sales at Spits and restructuring at Green Cross.

Eskom adds to Famous Brands’ troubles

The restaurant group says inconsistent power supply has further worsened consumer sentiment and negatively impacted its operations.

Merafe highlights Eskom risk

While geopolitical uncertainty dented ferrochrome prices last year, the company says Eskom remains a key risk factor in 2019.

Sea Harvest buoyed by Viking deal

The acquisition has offset flat revenue in the fishing group’s home market and lower revenue from Australia.

Mixed performance from Brimstone’s investments

The investment holding company has reported lower profit due to the downward revaluation of some listed investments and losses at Lion of Africa.

RMI raises dividend despite lower earnings

A spike in mortality claims at Discovery and a normalisation of claims at OUTsurance resulted in an 8% decline in earnings.

Sentiment sours towards Tongaat Hulett

In the latest problem to beset the sugar producer, it says it may have to review financial statements from previous financial years.

MMI resumes dividends as it makes progress

The life assurer is paying an interim dividend of 35c per share after completing a R2 billion share buy-back programme.

Ascendis warns of lower earnings as asset sales progress

The healthcare group says talks over its Remedica business continue while it’s making progress with the disposal of non-core businesses.

ELB slides on Gamsberg losses

The engineering group says the Northern Cape zinc project has suffered setbacks that resulted in additional costs and delayed milestone payments.

Bauba hampered by administrative delays

The platinum and chrome exploration company says an improving chrome market will help its full-year earnings.

Grit defends share purchases

The group says shares acquired by its Executive Share Trust from a vehicle jointly owned by its CEO were bought on an arm’s length basis.

Phumelela may pull the reins on dividends

The sports betting group says given the trading pressures it faces in South Africa, its board may revise its dividend policy.