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Naspers shareholders say yes to global listing
Investors will get one share in Prosus for each Naspers share they hold when it lists next month.
No dividend as Northam triples operating profit
The platinum producer says its current capital structure, project commitments and the difficult economy preclude the payment of a cash dividend.
Grindrod bites the bullet following restructuring
With its non-core businesses held for sale, the freight and financial services group is focused on trade corridors and finance.
Hulamin buckles under tough conditions
The aluminium products manufacturer says it has taken corrective action after a number of factors impacted interim earnings.
NEPI Rockcastle sticks with distribution guidance
The property owner says it has had more visits to its shopping centre as retail spending by Eastern Europeans grows.
Daily Forex Market Wrap 2019-08-25
Well, no analysis can predict at the moment what the currencies will do next, as the market is mostly headline driven at the moment.
Murray and Roberts’ strategic plan gains traction
The specialised engineering and construction group expects a rebound in annual earnings and says its order book remains strong.
Mr Price marked down after bleak winter
The budget retailer says an imbalance in its clothing assortment resulted in bigger markdowns but it is seeing a spring recovery.
The life assurer and asset manager served CEO Peter Moyo with a further notice terminating his employment.
Special dividend as Italtile turns 50
The tile maker and retailer said it ended the year with cash in excess of its requirements.
Daily Forex Market Wrap 2019-08-22
Up until the US markets opened, the ZAR enjoyed a positive trading session where it tested as low as 15.14.
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)
South32 finds buyer for SA Energy Coal
The diversified mining group says selling its SA coal operations will strengthen its balance sheet and improve margins.
Dividend bonanza from Exxaro despite weak coal sales
The resources group has benefited from increased income from its investments and selling down its Tronox stake.
Corporate finance activity of the week
Weekly summary of corporate finance activity by South African exchange listed companies
The Fed's FOMC minutes released yesterday disappointed markets as Jerome Powell reiterated that the recent rate cut was a "midcycle adjustment" and did not lay out...
Sasol denies favouring some investors
The group says it is normal to engage with investors after making an announcement and they weren’t privy to any price sensitive information.
Sasol - Confidence takes a knock
However, whilst there is noise and angst in the market at this time, depressing the share price to level seen ten years ago, Ingham Analytics do...
ADvTECH rises on earnings forecast
The private education and staffing group will report an increase in earnings when it publishes its interim results at the end of the month.
Assore lifted by improved trading conditions
The mining holding company says full-year headline earnings will rise by as much as 28%.
Group Five prepares for rescue plan
The construction and infrastructure group’s business rescue practitioners says they will present a rescue plan on 30 August.
Daily Forex Market Wrap 2019-08-21
The Rand enjoyed the lull in the market today and traded all the way back to the R 15.17 level before ending the SA session at...
Rex Trueform’s retail operations pick up
The investment group says annual earnings will be higher helped by an improvement at its Queenspark fashion chain.
The Dollar is a touch softer this morning after US Treasury yields fell slightly yesterday. The 10y yield is at 1.57% and the 30y at 2.05%...
Well, alright. Attempt number four thousand over the last few weeks to write about what has been happing in markets.
YESTERDAY'S BEST READ
Thorts - International inbound investment defies negative SA
The acquisition of Clover Industries
Corporate finance activity of the week
Weekly summary of corporate finance activity by South African exchange listed companies
Dividend bonanza from Exxaro despite weak coal sales
The resources group has benefited from increased income from its investments and selling down its Tronox stake.
