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A mandatory offer was triggered after CEO Zak Calisto’s investment company took a 68% stake in the group
The luxury goods group says Japanese and Chinese sales were particularly strong, while protests in Hong Kong affected its business there.
The life assurer expects a strong rise in first-half earnings due to stronger equity markets and a continued turnaround of its business.
The diversified miner says it is on track to meet this year’s production target as Minas-Rio ramps up production ahead of schedule.
The Department of Mineral Resources has granted its unconditional consent for the transfer of the mining rights to RBPlat.
The group says it is not ruling out an appeal after the High Court set the contract aside due to tender irregularities.
The chemicals and explosives group says once-off restructuring costs will be offset by the resultant benefits.
The world’s biggest mining company reported a strong fourth quarter after a cyclone disrupted its Australian iron ore operations in March.
The platinum producer wants to use the tailwind of higher rand PGM prices to reduce debt and optimise its balance sheet.
A report by ENS has uncovered unsubstantiated payments, tender irregularities and other unethical business deals in public sector business.
Shareholders are in line for a bigger dividend as the group benefits from higher rand PGM prices and a recent restructuring.
AFI Europe has exclusivity for eight weeks to conduct a due diligence exercise on the €309 million office portfolio.
The company says it has not experienced material benefits from being on the JSE and delisting will allow it to focus on its performance.
The brewer said the decision not to proceed with the public offering was partly due to prevailing market conditions.
Bidvest will pay an enterprise value of R3.1 billion for the fleet management and logistics business.
The R245 million facility will be used to develop the west pit and modify the existing Vele Colliery processing plant.
It was suggested that Pioneer may be about to make an acquisition or that Zeder could unbundle its stake in the food producer.
The two divisional CEOs resigned with immediate effect ahead of the release of a report into public sector contracts.
The gold producer has benefited from a restructuring but says protest action at its Barberton Mine has resulted in lost production days.
Losses have narrowed but unless it’s given the space to stabilise its business, its ability to continue as a going concern will be hampered.
The aluminium products manufacturer is looking for new markets due to a decline in demand from the US and carmakers.
The real estate investment trust blames its stake in the UK shopping centre owner for its depressed share price.
The sports betting and horse racing group says it won’t be in a position to pay a final dividend as conditions continue to deteriorate.
The paper and packaging group will start trading under a single holding company structure at the end of the month.
Sales at the retailer’s Fashion, Beauty and Home divisions have picked up but conditions in Australia remain challenging.
The packaging group says it and the prospective buyer are fully committed to concluding the transaction.
Cell C’s biggest shareholder says no material concerns or issues have been uncovered in a “deep dive” into the network operator's business practices.
In the latest proposed merger in the property sector, the real estate investment trust says there’s compelling rationale for a tie-up.
The steel producer says cost-saving initiatives won’t be enough to counter the significant challenges it faces.
The platinum and chrome producer has reported an increase in third-quarter chrome production following a pit redesign.
In a structured equity transaction, Kuwait’s Cale Street Investments will pay £186.3 million for half of the intu Derby shopping centre.
The energy company says the change in approach to its application has provided further clarity on its coal to power project in that country.
The property fund will use the proceeds of £12 million to pay down debt and fund capex requirements.
The industrial group hasn’t received the subscription price from its prospective empowerment partner.
After a year and a half in the job, Philip Dieperink is vacating his position and will be replaced by operations director Theodore de Klerk.
The platinum producer is the JSE’s top performer this year, buoyed by higher metals prices and an operational turnaround.
The ICT group says their combined portfolio will offer a better range of services and solutions to local and international customers.
The Australian minerals explorer has also received environmental authorisation for its Prieska Zinc-Copper Project in the Northern Cape.
Arrowhead’s reverse take-over of Gemgrow is expected to benefit both sets of shareholders and improve liquidity and access to capital markets.
The pharmaceuticals group says it’s now in a position to explore options with other potential partners for its European pharmaceuticals business.
The diamond producer says operating in an unlisted environment would reduce costs, while shareholders would get the chance to exit at a premium.
The engineering and construction group will use the proceeds to strengthen its financial position and reduce debt as it’s turnaround continues.
Chief financial officer Tiffany Purves will take on a dual role while the investment group looks for a replacement CEO.
The wealth manager is undertaking a strategic view of its Old Mutual Wealth Life Assurance business which could lead to its disposal.
The bank says taking a secondary listing for its three precious-metal ETFs will help reduce overall costs for investors.
SAA’s settlement over anti-competitive behaviour will lift Comair’s headline earning’s by 277c per share.
The logistics group says the transactions will bolster its position in the refrigerated and retail sectors.
The group’s Kamoto Copper Company has asked armed forces near its mines to exercise restraint against illegal artisanal in the area.
The construction materials and commodities group has ended talks to buy the ASX-listed coal producer for R2.1 billion.
The group says it has assessed a report by law firm ENSafrica and will make the relevant findings public later this month.
The resignation of the construction group’s auditors follows the departure last week of its chair and three other non-executive directors.
Due to the illiquid nature of the AIM-listed group’s shares, Astoria said selling its stake was in the best interests of shareholders.
The furniture retailer has gone to court to recoup payments made to its former CEO and CFO.
The retailer's shares fell after it confirmed talks to restructure debt at its UK shoe chain as difficult trading conditions continue.
The “friendly merger” of the two real estate investment trusts is expected to result in immediate cost savings and improved funding costs over time.
The technology services group says it will still be able to participate in CCS’s growth as it gains more international exposure.
The group is cancelling its existing share incentive scheme following the sale of its media assets to Lebashe Investments.
The services group says it’s retaining cash and reducing debt but will reassess its position in six months time.
The group says Apex’s services will help facilitate and support its own investment activities.
The group says a new class of “B” shares will align the long-term interest of its corporate advisor with those of its investors.
The industrial group says the government needs to implement measures to kick-start the economy.
The roads, construction and civil engineering group says skilled employees are emigrating due to economic challenges and the weak construction sector.
The real estate investment trusts are scaling back their exposure to Africa outside SA after writing down the value of their properties.
The data management group hasn’t declared a 2019 dividend but says payouts are likely in the future due to improved operating conditions.
The group says it’s confident it can continue as a going concern due to shareholder support and a planned capital raise.
The group is moving to smaller premises after laying off most of its employees a year after entering rehabilitation.
Fifteen months on, the German firm has extended its offer to M&R’s minorities by another three months due to delays in getting regulatory approval.
The restaurant franchisor wants to repurchase the 10% held by the casino and fast-food group before a five-year lock-in expires.
The cement producer has cut overhead costs and improved its cash flow, helping it to reduce its SA debt.
Titles including The Sunday Times, Business Day, Financial Mail and Sowetan will soon be under new ownership.
Although the group is focused on coloured gemstones, it said evidence of gold near its ruby mine couldn’t be ignored.
The gold and platinum producer says selling a stake to Generation unlocks immediate value for the group.
The coal and heavy minerals producer says production volumes are down so far this year, while coal export prices have also declined.
The cement and concrete producer plans to reduce debt while assessing future growth opportunities.
The pan-African property investor says it’s also considering its options to raise more capital to fund a pipeline of potential opportunities.
The cement producer says the former Holcim executive will take over as soon as his work permit has been approved.
The chemicals, fertilizer and explosives group has reported a more than R1 billion swing in profitability following a tough year for all its divisions.
The coal producer says its second-half performance was impacted by disruptions, including industrial action at its Vanggatfontein mine.
Declining demand brought on by economic uncertainty impacted the digital technology group as it completed a restructuring.
Shareholders could be in for a bumper payout after the platinum producer changes its dividend policy last year.
The real estate investment trust says its 2019 distribution will be at the lower end of previous guidance, partly due to its Edcon exposure.
The documents storage business plans to sell or close three businesses and expand its digital services offering.
Some shareholders were unable to receive stock in Tsogo Sun Hotels in this month’s unbundling.
The stock-exchange operator says the difficult economic environment in SA has impacted investor appetite.
The engineering and capital equipment group says just about every sector it operates in has been under severe pressure.
The announcement of the partnership with ESS Tech came alongside the release of its 2018 financial results.
The property fund sees a secondary listing on A2X as an opportunity to attract new investors and deliver more value for shareholders.
Apart from a umber of once-off costs, the digital technology group says customers are spending less on projects.
A consortium headed by the British development finance institution will ultimately hold 40% of Mettle Solar Investments.
The IT services group has bounced back after exiting its loss-making operations in the Middle East and Africa while expanding in Western Europe.
Under the deal, Haohua Energy International will help arrange funding for the development of MC’s coking coal assets.
The group now expects to list its international internet assets on Euronext Amsterdam in September.
The group says it has completed its transition to a global consumer internet group as it prepares for an Amsterdam listing.
The cement producer says debt is down and headline earnings will be at least a third higher.
The investment company has taken full ownership of two bus services in the Western Cape.
The construction group’s business rescue practitioners say while creditors may recover their loans, there will be no equity left.
The wealth manager and financial services group earned lower performance fees from Stenham and Peregrine Capital last year.
Despite the negative short-term outlook for local property, the fund expects the extended shopping mall to serve as a catalyst for future opportunities.
The metals and plastics group is expanding its client base and trading network with the acquisition of Gauteng-based Treppo.
The industrial group says the costs for putting together last year’s empowerment deal will strip 7.3c from earnings per share.
The group’s former CEO says it was represented at the board meeting where NMT resolved to pay a further dividend of R105 million.
The retailer says this year’s sales are likely to be lower due to tough competition and after it sold off some businesses.
ArcelorMittal SA will replace imported hard coking coal with coal from MC Mining’s Makhado project once it’s up and running.
The automotive group says full-year revenue is likely to be flat, but earnings will increase.
The real estate investment trust says the cities it has property in are better placed than many to weather global economic and political risks.
Recent corporate governance breakdowns in the private and public sectors highlighted the need for directors to be vigilant in managing conflicts of interest.
The pension funds administrator says it doesn’t plan to hold excess cash on its balance sheet following a change in its strategy.
The investment company says it’s taking steps to reduce the discount its shares trade at relative to its value.
The property investor says it will issue additional stock as and when investment opportunities arise.
The potash exploration and development company says its Sintoukola project in Congo has the potential to become a preeminent production hub.
The company, previously called Ansys, says customers are spending less on projects due to the subdued economy.
On top of already tough economic conditions, the chemicals and fertilizer group has faced drought, impairments and currency issues in Zimbabwe.
The printing and packaging group has had to adjust since Media24 renegotiated printing contracts on less favourable terms.
The investment group narrowed the discount to value its shares trade at after building a new investment case.
Lower gold production led a decline in overall mining production in April, continuing the negative trend for the sector.
The group says it decided to dispose of its remaining retirement villages following feedback from shareholders and potential funders.
The Namibian investment company says its diversity also assisted growth in 2019 earnings.
The agricultural group says its 2019 results underscore the success of its diversification strategy.
The world’s second-biggest cigarette maker says its New Category portfolio will report growth of between 30% and 50% this year.
The consumer internet group believes there’s a big opportunity for its PayU subsidiary in Turkey as the government promotes digitisation of the economy.
After load shedding contributed to a fall in GDP in the first three months of the year, positive growth has started to emerge for the second...
The property group will report a headline loss per share but its tangible net asset value has improved.
The self-storage property group expects next year’s dividend to be 7%-9% higher if conditions don’t deteriorate.
Acquiring the surface rights to the farm where its Vanggatfontein colliery is situated will allow it to expand the operation.
The Nigerian oil group says the SEC’s actions are not in the best interests of the company or its shareholders.
The construction group’s business rescue practitioners will engage with shareholders next week as assets are put up for sale.
The FinTech business is developing new productions and building capacity as it signs on more financial institutions as customers.
The European shopping centre owner will take a secondary listing on the exchange next Tuesday in addition to its JSE and Euronext listings.
Ethos Private Equity’s Artificial Intelligence Fund has invested in the new digital bank.
The sugar producer said the decision wasn’t taken lightly and was meant to protect investors as its financial statements couldn’t be trusted.
While earnings have been affected by forex losses and a stake given to its empowerment schemes, its core profit will be as much as 12% higher.
The energy company has submitted its feasibility studies to Mozambique’s authorities and is now trying to secure coal supply and power purchase agreements.
The industrials services group says growth in trading profit lost momentum in the four months to end-April.
Investors will receive shares in Sibanye-Stillwater this week following the suspension and delisting of the group’s stock from the JSE and the LSE.
The agricultural group has benefited from strong sugar yields and new macadamia orchards coming into production.
The industrial property investor has trimmed its full-year payout by 16% to 6.75p and will offer a scrip alternative subject to approval.
The natural gas and helium company’s shares rose 27.5% on their Australian debut.
The Namibian investment company expects a big improvement in full-year earnings from its main investment segments.
The platinum and chrome exploration company says its application for a prospecting right over the farm Hartebeesfontein has been accepted.
Close to 3,500 employees will be affected, with voluntary separation, early retirement and natural attrition accounting for the bulk of the job losses.
The pension funds administrator has been affected by a number of write-offs and the cost of writing off an expensive IT contract.
The insurer has grown new business and headline earnings despite turbulence in SA and other emerging markets.
The company says it’s also progressing with its acquisition of the Sable Zinc refinery in Zambia as it tries to further diversify earnings.
Xolani Mkhwanazi’s appointment as chairman follows those of CEO Stephen van Coller and financial director Megan Pydigadu.
The food producer says its chicken and sugar businesses have weighed on earnings due to imports and the new sugar tax.
The print and packaging group’s 2018 results were affected by big impairments after Media24 renegotiated a printing contract.
The Central and Eastern European property investor aims to grow its distribution by 30% between now and June 2022.
The investment group wants to buy back its preference shares as it shifts strategy.
The pan-African infrastructure group is now focused on growing its power and energy capabilities across the continent.
The logistics group has reported weak operational performances will impair its Consumer Packaged Goods business as it rationalises its operations.
Lactalis made payment for Aspen's Nutritionals Business on Friday and it should appear in its bank account any day now.
The property investor has raised its full-year dividend by 6.3% following strong rental growth as it refined its strategy.
The property fund has forecast short-term pressure on earnings as it finalises bulk lease renewals and negotiates long-term financing of debt.
It’s been speculated that the empowerment group could reduce its stake in Spur to focus on its Burger King franchise.
The lender says it still plans to transform into a retail bank and will target Afrikaners with its new “Finbond Platinum” online offering.
Sales at the discount retailer topped R20 billion last year, with strong growth outside SA, but it’s called time on Australia.
The restaurant and jewellery group has restructured its operations after losing focus and expanding too quickly.
The sugar producer and land owner’s shares fell as much as 10% on Friday after it said its balance sheet had been overstated.
The infrastructure group expects its headline loss per share to widen as the tough economy exerted pressure on most of its businesses.
The infrastructure investment group has reported lower revenue due to a reduced stake in the Dorper Wind Farm as it diversifies its portfolio.
The hospitals group entered a number of hedges when it sold its investment in India’s Max Healthcare but it says these will be offset by the...
Although discussions with creditors are progressing well, the chemicals and fertilizer group says it needs to reduce its debt.
The packaging group is trying to grow its share of the local packaging market by positioning cans as a better alternative.
The construction group faces short-term liquidity pressure due to delayed payments from clients.
Fired workers will be reinstated and can make back lost income and production over the next four months.
The group says development activities at Moabsvelden are about to start, with the first coal expected by the end of the year.
The short-term insurer’s net underwriting margin has dipped below its target range following a series of catastrophes.
The restaurant group says sales at its UK burger chains are showing positive growth as the new year gets underway.
The retail giant says first-half sales fell short of expectations in a challenging trading environment.
The real estate investment trust says tenants have been affected by the weak economy, resulting in higher vacancies and lower rental rates.
The aviation group has appointed joint CEOs to manage its airline and non-airline businesses following the recent resignation of Erik Venter.
The refractory and non-ferrous alloys group’s profitability was affected by a strike in the plastics industry as well as acquisition costs.
An undersupply of water to the poultry producer’s Standerton processing plant has cost it at least R85 million.
The fleet management and vehicle recovery group expects double-digit subscriber and annuity revenue growth to continue.
The network operator will raise R1.2 billion of its R15 billion target from the sale of its interests in Amadeus and Travelstart.
The transaction will create the world’s biggest primary producer of platinum and help sustain Lonmin’s operations.
The mutual bank and lender says earnings will be sharply lower after the SA Social Security Agency shifted grant recipients to a new debit card.
The review was triggered by a cash crunch at Engineering Services due to delays in the final testing of its Gamsberg Zinc project.
The casino and hospitality group plans to merge its assets in Latin America to create a regional giant.
The telecoms operator came close to doubling the number of mobile customers using its services last year.
Demand at the group’s electrical engineering businesses has been subdued due to a cutback in spending by state-owned enterprises.
An extended strike at its Plastics division and a new method for accounting for leases will contribute to a decline in full-year profit.
The IT security specialist wants to reduce unnecessarily high cash levels following a year of strong profit growth and high cash flows.
The life assurer has separated with CEO Peter Moyo over what it called a breakdown in trust.
The construction materials and commodities group says its diversification strategy is paying off, helping it grow full-year earnings.
The property investment company says it will unbundle the SA property group by February 2022 after receiving an investment in its local property portfolio.
The group says PwC found no evidence confirming market manipulation and insider trading but said there was evidence of inadequate governance in the past.
The shares recovered early losses to close slightly higher on Friday after declining 3.5% on Thursday on news of Thomas Thomsen’s axing.
The poultry and feeds group says raw material costs have risen while the price of eggs is on the decline.
The fashion and homeware retailer has reported a good rise in earnings despite difficult trading conditions.
The private hospitals group says tariff reductions due to regulatory changes will continue to impact its Swiss operation in the short term.
The ground has revalued its investments due to a decline in the value of their respective peer groups.
The retailer’s shares fell sharply after it warned that first-half headline earnings could be at least 50% weaker than a year ago.
Shareholders will receive one share in the newly-listed hotels group for every Tsogo Sun share held.
The group says more cost overruns at Lake Charles in Louisiana haven’t altered its capital allocation strategy or dividend plans.
The furniture and appliances retailer has benefited from changes to credit granting rules and a wider target market.
The fast-moving consumer goods group reported lower earnings as it still reels from the impact of last year’s listeriosis crisis.
Shareholder Arrowhead says the lower payout won’t have a material impact on its own dividend for the year.
The group says discussions with the European company follow a strategic review of its local and European Commercial Pharmaceuticals businesses.
The gold producer says it’s confident the SA mine will continue meeting its targets this year.
After reporting a lower final dividend, the real estate investment trust is budgeting for growth of 6% to 8% this year.
The food producer says margins have weakened, partly due to lower international selling prices for its canned fruit after the recent drought.
The life assurer is ‘cautiously confident’ that it will meet its headline earnings target of R3.6 billion to R4 billion in 2021.
The fund manager has reported lower earnings and trimmed its interim dividend after weak markets and the subdued economy affected asset levels.
The investment vehicle has spent €68 million buying back its own shares to try to narrow the 42% discount it trades at.
The food services group has maintained its earnings outlook for the year as its businesses in SA and China show signs of an improvement.
The mass retailer says it will decide on the action to take against Ramachandran Ottapathu once legal and forensic investigations are completed.
The coal producer expects the mine to return to full production early next month, two weeks ahead of schedule.
The branded food producer has maintained its interim dividend despite a slide in earnings.
The labour broking and outsourced services group says its 2019 results reflect the early successes of last year’s turnaround strategy.
The group has raised its interim dividend after a strong result from its southern Africa equipment business.
The platinum producer says the impact on production has been minimal after workers went on strike over medical aid benefits.
Global healthcare group Mylan has taken up its option to buy a drug portfolio from Aspen Global Inc.
The fund will use the proceeds from the sale to either pay down debt or invest in its Pan-European platforms.
After declining in the first half of the year, revenue from finance charges, initiation fees and insurance premiums picked up in the second half.
Yoox Net-a-Porter and Watchfinder & Co. lifted the luxury brands group’s full-year sales by more than a quarter.
The life assurer took remedial action last year to improve the value of new business, stem outflows and improve its financial performance.
The gold producer is on track to meet its annual production target as it shifts to a low-cost, long-life asset base.
The pharmaceuticals group’s high level of debt has concerned investors and the sale will help it deleverage its balance sheet.
The Competition Appeal Court has upheld the Competition Tribunal’s conditional approval of Sibanye-Stillwater’s takeover of Lonmin.
The group says it’s committed to listing Investec Asset Management as it positions its bank and wealth management business for future growth.
The discount pharmacy group gained market share and raised its full-year dividend by 8.5% despite the impact of the industrial action.
The ICT group isn’t paying a 2019 dividend but has bought back more than 10% of its own stock.
The group has raised its dividend by 7.1% to 7.5c despite encountering one of the toughest trading environments since the global financial crisis.
MTN listed its Nigerian business at 90 naira after disputed claims by Nigeria's Attorney General created uncertainty over its valuation.
The lifestyle investment group says revenue from the chain of beauty stores topped R100 million for the first time.
The supermarket and distribution group reported strong first-half sales from its liquor and hardware segments.
The property developer slashed its dividend as profit margins declined but it expects continued urbanisation to drive demand for its apartments.
Production was affected after it decided to reconfigure its open pit mine to make access easier.
The SA Taxi owner says it extended its track record of high-quality organic earnings growth, raising its interim dividend by 29%.
The Cape-focused real estate investment trust has delivered on its distribution guidance for its 2019 financial year.
The iron ore producer expects first-half earnings to be at least 160% up on last year.
The real estate investment trust’s 2019 distribution was supported by its investment in its Pan-European logistics platform.
The vehicle tracking and asset management solutions group is targeting similar growth in the year ahead.
The real estate investment trust had a tough first half, impairing the value of its UK investment by close to R2 billion.
The property investor is exiting its listed portfolio so it can grow its direct property and development assets.
The group expects to report a strong rise in full-year earnings after it downsized and restructured its operations.
The steel, aluminium and glass group says its tendering for as many contracts as possible in a constrained market.
The real estate investment trust says its payout has been affected by pressure on rental income growth and rising operating costs.
Stripping out the costs of the R16.4 billion scheme, full-year profit would have been 4.2% higher.
The affordable housing and memorial parks developer faced a series of obstacles last year that pushed it into a full-year loss.
Selling prices have fallen and costs have risen, resulting in a sharp decline in first-half earnings.<
The group says it’s rightsized its roads and earthworks businesses due to a big drop in business from the public sector.
The private hospitals group increased earnings due to the inclusion of Akeso Clinics as demand for mental healthcare services grew.
The real statement investment trust says the full-year dividend for its B shares will be as much as 76% lower than last year.
The agri-services group says the recovery in Wesgraan and the impact of new petrol stations will come through in the second half.
The retail group’s 2018 interim results were negatively affected by a R500 million provision.
The platinum and chrome producer sold less metal at a lower price, while costs rose due to reduced economies of scale.
The platinum producer says it’s still constrained by a capital structure that inhibits it from investment in new projects.
The distribution and logistics group has reported a sharp rise in earnings as it cut costs and found new customers.
The group, which is under a R4.8 billion takeover offer, will report a strong rise in profit after impairments affected its 2018 earnings.
The ICT and electronics group lifted full-year earnings by half as a number of its businesses won lucrative private and public-sector contracts.
The group says its remaining SA mine, Mponeng, requires further investment which could earn better returns elsewhere.
The network operator will list its Nigerian business this month after it received the approval of the country’s Securities and Exchange Commission.
The paper and pulp producer says full-year earnings are likely to be lower due to pricing pressure and global economic uncertainty.
The paper and packaging group said it benefitted from acquisitions, higher selling prices and a strong operational performance.
The producer of Lucky Star pilchards benefited from increased sales of canned fish but footed a much higher tax bill.
The mine dump reprocesser benefitted from last year’s acquisition of Far West Gold Recoveries from Sibanye-Stillwater.
The ICT group says it’s made good progress in reshaping its Westcon International business, while Logicalis and Analysys Mason have continued to do well.
The fuel and lubricants group says March’s volumes were 13% higher after it added 230 Engen garages to its network.
The embattled retail group has finally released its 2017 accounts and says sales for the subsequent two years are likely to be worse.
The world’s biggest brewer says SA and Argentina reported weaker consumption in the first quarter as consumer spending remained under pressure.
The coal producer says above average rainfall in Mpumalanga has affected its opencast mining operations.
The quick-service restaurant group will report a full-year basic loss and lower headline earnings after impairing its investment in the burger chain.
The supermarket group said the timing of Guy Hayward’s departure has yet to be confirmed but he plans to leave by year-end.
The real estate investment trust has increased its interim distribution by 4% and expects to maintain that if operating conditions don’t change.
Arrowhead Properties says a bigger-than-expected decline in subsidiary Indluplace's dividend this year will have a relatively small impact on its own distribution.
A series of transactions have trimmed Brait’s equity stake in the UK fashion chain to 18.5%.<
After exercising its option to end a profit share agreement, 100% of profits now accrue to the financial services group.
The fund says releasing some of its shares into this month’s listing will help it diversify its portfolio.
Continued vacancies at its Highveld View property and challenging trading conditions have forced the real estate investment trust to lower its guidance.
The property group’s new CEO says retail income will be up to 6% lower this year as more companies enter CVAs and tenants hold back.
The gold producer says higher all-in sustaining costs for the year to June take Eskom price increases into account.
A consortium of private equity groups and management will pay R480 million for the most of the businesses in the Ascendis Biosciences division.
The group is reviewing its investment in retirement villages as it focuses on growing learner numbers at its schools.
The investment holding company reported strong growth in revenue from its hospitality and property investments after exiting financial services.
The services company faced a number of challenges last year as it integrated security acquisitions, lost contracts and fell victim to fraud.
The hotels and casinos group is selling part of its interest in Sun Dreams in Chile to minority shareholder Pacifico.
The poultry producer says feed prices are up while selling prices have fallen.
The property investor says it expects to complete two new developments in Cape Town within the next six months.
First-quarter production was affected by flooding in Australia and safety-related stoppages and smelter outages in Zambia.
The surge in Pick n Pay's share price and sales suggests that the retailer is returning to its former glory days. Brasher, the Brit who was...
The bulk of the fund’s portfolio is in the Western Cape, with growing exposure to the logistics sector.
The mobile network operator has reported a strong rise in voice and data revenue for the three months to end-March.
The investment group has sold off mature assets so it can grow its schools business and invest in residential property.
The project will make MC Mining the top producer of high-grade metallurgical coal in the country.
The energy group will now enter talks to export energy from its MCCP project to other countries in the region.
The commodities giant says it will cooperate with an investigation by the US Commodity Futures Trading Commission.
Naspers obtained a 40% stake in MakeMyTrip two years ago through a merger with Ibibo Group.
The platinum producer expects to meet its full-year guidance, albeit at the lower end.
The supermarket group says a six-year strategy to build a leaner and fitter business is paying off.
After a tussle with shareholders in December, the consumer and commercial electronics group will ask them to ratify its new board of directors.
The real estate investment trust plans to continue reducing its exposure to the retail sector by disposing of shopping centre assets.
The financial services group has grown revenue by 21% due to strong showings from its commodities trading and advisory services businesses.
The gold producer expects to maintain its production profile at that level over the medium to long term.
The increases offer reflects the recent recovery in PGM prices, balanced against Lonmin’s financial constraints.
The diversified miner’s coal operations weighed on production as Minas-Rio in Brazil got back on its feet.
The logistics group expects to report a decline in full-year earnings due to the weak SA economy and the weaker British pound.
Production at the colliery will be suspended for six to eight weeks after the mining contractor was forced to fire all contract workers due to violent...
The bank now makes up two-thirds of PSG’s value from just over half a year ago.
The group will report lower first-half earnings partly due to costs related to the sale of its stake in Max Healthcare.
The group’s 2018 earnings were impacted by transaction costs for a black economic empowerment deal.
The company has changed its investment policy which has resulted in a capital payout to shareholders.
The Polish property group announced an accelerated bookbuild to bring a “significant” new investor on board.
The European shopping centre and hotel owner said a conditional proposal from the Australian property group undervalued the group.
The fertilizer and chemicals group has engaged with its main bankers to devise and implement a debt restructuring to ensure its long-term sustainability.
CEO Jebb McIntosh says with costs reduced to a minimum, all that’s missing is a boost to the group’s revenue line.
The exchange says Mr Price’s upcoming listing is an important milestone as it continues to attract listed companies from various sectors.
The short-term insurer’s strategic hedge against rand depreciation paid off in the first half of its financial year.
The property investor has changed to a UK REIT which it says should assist in its strategy to raise new capital from investors.
By signing 5-year lease agreements, the Department of Public Works will give the property fund more predictable earnings going forward.
The industrial group says the expansion strategy for its equipment division could include European countries outside the UK.
The group has made up for some lost production at its Second Synfuels Operations, while mining productivity is tracking ahead of last year.
The Western Cape property investor is in the process of buying back close to a third of its shares.
By eliminating the two-tier capital structure, the retailer says its stock is likely to be more appealing to institutional investors.
The group has investments in SA and UK property, as well as a majority stake in Generation Schools.
The fintech group has narrowed its losses due to a big improvement at its GT247.com derivatives business as it continues to build EasyEquities.
The claims of more than 1,000 victims are proceeding against the food producer in a single matter.
The pharmacy, health and beauty retailer has raised its interim dividend by 15% after a strong first half.
The private hospitals group says its 2019 results will be in line with expectations despite the challenging healthcare environment.
The retail group’s 2018 results were negatively affected by a R500 million provision.
The poultry group had a strong 2018 financial year due to higher egg prices and lower raw material costs.
The boutique investment bank will advise Kibo on African project financing as its African energy projects approach a final investment decision.
The retailer and wholesaler says it’s too soon to call the rise in first-quarter sales a trend.
The group has increased its dividend by 10% after its asset management and insurance divisions compensated for flat earnings from PSG Wealth.
The miner has resolved a five-month strike at its SA gold operations as it prepares to enter wage negotiations at its platinum mines.
The tech services group’s shares have doubled over the past week despite it swinging to a first-half loss.
Share prices of the investment group’s portfolio of companies have declined sharply over the past year.
The consumer electronics and liquor group has maintained market share by introduction more brands and new models of electronic goods.
The furniture retailer wants more detail about who the claimants are and how big their shareholdings were.
The group says margins came under pressure as the US/China trade stand-off and Brexit weighed on commodity prices, while fuel prices went up.
The investment group is buying a 30% stake in Revix for R11 million as it invests alongside its founders.
The minerals explorer plans to issue more shares and introduce a larger empowerment shareholding as it moves ahead with its Prieska Project.
The farming community retailer and agri-services group will post a sharp rise in first-half sales as it expands and gains market share.
The UK and continental Europe property investor is looking for ways to protect the value of its assets due to Brexit.
The group has sold its remaining stake in ASX-listed Jupiter as it focuses on its coloured gemstone operations.
The financial services group has prepared investors for a much smaller first-half loss.
The real estate investment trust is paying R112 million for the Radnor Road Distribution Centre.
The investment group says it still hopes to release its interim results before the end of May deadline.
The company will report a big loss when it releases first-half results tomorrow due to a number of impairments and write-downs.
The empowerment group bowed to shareholder and community pressure due to the inclusion of an Israeli company in the transaction.
The group has swung back to a profit and plans to review its capital structure to unlock potential future growth opportunities.
The fishing group says first-half gross profit rose sharply but higher taxes will result in lower earnings.
The gaming and leisure group says Hassan Adams and his associates remain significant shareholders following last week share sale.
The platinum and chrome producer says it’s back on track to meet its Vision 2020 targets following improvements at its mining operations.
More dividends lie ahead after the IT and electronics group said it expected a strong rise in full-year earnings.
Third-quarter growth was driven entirely by the new stores opened or acquired since the start of its 2018 financial year.
The investment group’s value has dropped following a 37% slide in Pioneer Foods’ share price.
Combined with this week’s equity raise, the gold and platinum producer has access to about R10 billion of undrawn credit.
The French retailer says the capital will ensure the stability of its capital structure and operations.
The branded sauces company invested in plant and equipment in the six months to end-December for its Veri Peri line of sauces.
The gold and platinum producer sold close to 109-million shares at R15.50 each to existing and new institutional investors.
The industrial holding group says it’s also reviewing other opportunities to create more shareholder value.
The industrial holding company gave no further details but the capital injection follows the sale of a stake to Regis Holdings last year.
The industrial conglomerate is selling a portfolio of its SA property to black investors, including employees, management and the broader public.
The activist investor has grown its shareholding to above 20% as chairman Hassan Adams reduces his stake.
The logistics group will pay up to €1.92 for MLG Maritime Cargo Logistics as it expands its global presence.
The real estate investment trusts say a single listing will create a simpler group structure and benefit shareholders.
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The gold and platinum producer plans to raise R1.8 billion to tide it over but may resume dividend payments if all goes well.
In what could be seen as a vote of confidence, Richard Buttle has spent more than half a million rand on the company’s shares.
The electronics group’s ICT businesses have benefitted from higher spend in the telecommunications sector.
Dubai’s Department of Civil Aviation and the HMRT joint venture have to agree on a final account for the cancelled Dubai International Airport contract.
The short-term insurer expects to report a strong rise in first-half earnings helped by a rise in investment income.
The fisheries group says it’s seeing the benefits of last year’s acquisition of Talhado Fishing Enterprises.
AMCU says a verification process into membership numbers at Sibanye’s gold mines was flawed and the company was premature in declaring victory.
A consortium including JSE-listed Wescoal terminated negotiations for Universal after failing to get the recommendation of the junior coal miner’s board.
The German property investors expects like-for-like growth in rental income to top the 6.2% it reported last year.
The retailer says turnover rose by a market-beating 9.6% in the 53 weeks to 3 March, with like-for-like volumes up 5.1%.
Investec Australia Property Fund expects growth in its post-withholding tax distribution to be higher than previously forecast.
The private education group also welcomed a High Court judgement that law degrees from private institutions should be recognised by the Law Society.
The European property investor has appointed former banking executive Werner Behrens as CEO from 1 May.
The “track and trace” process required to ensure appropriate adjustments of accounting irregularities has proved to be more complex and time-consuming than expected.
The construction materials group expects to report a rise of between 20% and 30% in full-year earnings.
The energy firm’s auditors say there’s material uncertainty about its ability to continue as a going concern as its liabilities exceed its assets.
The group has been looking for new complementary markets to support its order book in Australia.
The engineering group and capital equipment supplier says it’s pursuing all possible recoveries, including insurance claims, back charges, and project asset sales.
PwC was commissioned by a subcommittee to investigation share trading activities and historic related-party transactions for any signs of malfeasance.
CFO Matthew Roberts will try to revive the shopping centre operator after a tough year and a number of abandoned takeover bids.
The fisheries group has flagged a rise of as much as 30% in first-half earnings.
The ecotourism operator says due to its proposed delisting it wants to clear up the facts.
The real estate investment trust said proceeds of its R700 million book build would be used for opportunities in Spain.
The wealth management group says the deal will secure its position in the UK financial advice market as it consolidates.
The tech services group aims to wind up its investigation by the end of May so it can clear its reputation after Microsoft terminated partnership agreements.
The real estate investor says it is now focused on growing its branded office parks in Germany’s big seven cities.
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The diversified mining group says its initial estimate is for a 6 to 8 million tonne reduction in output from Western Australia Iron Ore.
Aggrieved European shareholders and the retailer have agreed to postpone legal proceedings until 15 May.
The timber producer said the commercial forestry assets were too far from its processing operations.
After reporting a first-half loss, the infrastructure supplies group is selling Pentafloor back to the original owners.
The platinum developer has reported a headline loss for 2018 and now plans to get a smaller mine up and running.
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 platinum mining and exploration group reported a lower loss for 2018 as it prepares to buy out minorities and go private.
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 technology company has more than tripled first-half earnings and hopes to win more lucrative contracts with multi-nationals.
The horse racing and sports betting business plans to downsize after reporting weaker results from its local operations.
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 hotels and real estate investor expects to report a profit after paying down debt and existing the financial service sector.
The outsourced services and labour broking group says full-year profit will rise as much as 253%.
The new-age technology group plans to grow in the Americas after its first full year on the JSE.
The investment holding company expects its insurance business to achieve an underwriting profit in the second half of the year.
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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 bank reported a rise in transaction fees as it grew active customer numbers to 11.4-million.
The financial services group says it was affected by weak investment markets and reduced activity on the JSE, which resulted in lower brokerage.
The processor of surface materials produced almost twice as much platinum group metals last year at costs below the industry average.
The private hospitals group expects to pay over R10 million this year to keep generators running at its hospitals during load shedding.
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.
The group is growing earnings from non-staffing businesses and says it’s likely to continue benefitting from government incentives.
The security products and blinds group expects to gain more traction from projects in the UK as growth at home dwindles.
The retailer’s shares rose after it sold the investment to help reduce debt and boost working capital.
Five-month sales are up but profit margins are under pressure due to low price inflation the lingering impact of the drought.
The real estate investment trust’s shares rallied after it confirmed a takeover approach from ASX-listed Cromwell Property Group.
The media and print & packaging group isn’t paying a dividend as it focuses on reducing debt and selling its non-core steel assets.
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.
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.
Despite a short-term decline in earnings, the credit provider says the investment will realise significant value in the medium term.
The group says a focus on its employee benefits business is aimed at delivering optimal value for stakeholders.
By signing 5-year lease agreements, the Department of Public Works will give the property fund more predictable earnings going forward.
The retailer will sell its remaining 26% stake in the industrial group if it can achieve an acceptable price for the stock.
The electrical cable manufacturer believes action taken over the past year will improve profitability.
The coloured gemstone group aims to become the “De Beers of coloured gemstones” through its mine-to-market model.
The timber producer has reported an interim loss but says revenue that wasn’t generated during the period will be recovered.
The global internet giant hopes to increase value for shareholders while reducing its disproportionate weighting on the JSE.
The engineering and construction group made the announcement as German suitor ATON extended its mandatory offer by three months.
The global software giant has given notice to a number of other EOH companies after terminating agreements with EOH Mthombo last month.
The pharmaceuticals group says listing on the exchange provides the prospect of increasing its shareholder base.
Shareholders will get to vote on the transaction if the Competition Appeal Court finds in its favour.
The group credited better control of costs and credit for a big rise in profit last year.
The investment holding company is repurchasing shares sold to members of its investment team back in 2011 and repaying bank loans.
The precious stones miner impaired its Kagem emerald mine by $22.6 million due to a new export duty in Zambia.
The real estate investor has a portfolio of retail and office properties in the fast-growing capitals of Eastern and Southern Europe.
The diversified metals recovery company says buying the Sable Zinc refinery will help it get metal to market faster.
The resources company is progressing with a final review of the power plant project after completing a feasibility study.
A joint venture between Aveng and Strabag International were seeking an order to stop Sanral from making a call on their bonds.
The fertilizer and chemicals group will swing to a full-year loss due to a bigger interest bill and a number of once-off charges.
The transaction was aimed at loosening ties between the two real estate investment trusts after shareholders raised concerns.
The group has racked up a number of acquisitions as it expands its presence in the metal recycling, beneficiation and trading business.
The investment group plans to liquidate its listed equity portfolio and return capital.
The services group gave no reason for the expected decline in profit.
Last year’s acquisition of Akeso Clinics was conditional on the sale of the Rand and Bell Street hospitals.
The group says if shareholders don’t approve resolutions at today’s general meeting its performance will continue to be driven by global equity markets.
The financial services group has posted a strong rise in first-half earnings after it took steps to improve its credit processes.
The radio frequency technology company says its orders are lumpy due to long sales cycles.
Lower earnings from Total, RCL Foods and Community Investment Holdings offset gains from Mediclinic, Grindrod and FirstRand.
The investment group blames the poor performance on the challenges of launching a premium brand in a tough trading environment.
The healthcare group has withheld an interim dividend so that it can retain cash and pay down debt.
The hotels and casinos group expects trading in South Africa to remain subdued due to continued pressure on disposal income.
The group is investing in an expanded range of trucks due to strong global demand, while local conditions remain subdued.
The private education group has grown its presence outside SA, while its staffing business has also profited from the move to alternative markets.
The aluminium products manufacturer has revised down expectations for its 2018 results, due out today.
The group says second-half retail sales were impacted by a backlog at the Post Office, which meant its catalogues weren’t delivered on time.
The Russian warehouse investor says occupancy levels are benefiting as market fundamentals in the market improve.
Despite strong demand for its apartments, the property developer remains cautious due to the weak economy, interest rates and policy uncertainty
The specialist bank and wealth manager says it's faced challenging conditions in SA and the UK, with market volatility affecting earnings at Asset Management.
Tsogo said the separate listing would improve disclosure and allow for a valuation that is not discounted for gaming-related regulatory risks.
Shares in the documents storage business sank a week ago after its chief financial officer quit and it warned of weaker results.
PwC’s first report following an investigation into the accounts of the furniture retailer found bogus transactions worth more than R100 billion.
The property developer says the end of the JV doesn’t change its long-term strategy of growing annuity income through rentals.
The resources group has lifted its full-year dividend by 55% after a year of record production and a bigger payout from Sishen.
The investment group’s portfolio was affected by the weak economy, with the value of its listed investments declining last year.
The group’s automotive components and battery businesses both delivered strong growth and it expects conditions to remain favourable.
The investment holding company has narrowed the discount to its underlying intrinsic value to 11.2%.
The coal producer says phase one of its flagship project has been approved in time to take advantage of positive coking coal prices.
The real estate investment trust wants to preserve cash to fund investment while maintaining its distribution requirements.
The poultry and egg producer has warned of lower first-half earnings after a strong 2018 financial year.
The investment group has impaired its investment in Dunkin’ Donuts and Baskin-Robbins after liquidating them in December.
The real estate investment trust says it expects little to no growth from its SA property portfolio this year due to the weak economy.
The branded consumer goods group says last year was the toughest yet but it has a very clear growth strategy.
The paper and plastics packaging group benefited from an upgrade at its Felixton mill, lower recovered paper costs and rising containerboard prices.
The hotels and casinos group plans to continue reducing its debt due to strong cash generation at its operations.
The investment group is moving out of asset finance as it takes advantage of the more to recycling and alternative energy.
The property fund is buying the building housing Australia’s Attorney General as it invests in well located, high quality assets.
The banking group’s first-half performance was also supported by a solid contribution from newly-acquired UK lender Aldermore.
The construction and infrastructure group says shareholders have little chance of realising any value as it joins Basil Read and Esor in business rescue
The MedScheme owner has maintained its programme of expansion as it prepares for new public sector contracts.
AfroCentric has reported subdued first-half profit growth as it invests in new businesses across the healthcare value chain.
The industrial property company has increased its multi-let industrial portfolio to more than £250 million with the addition of Gainsborough Trading Estate.
The documents storage business says first-half HEPS will be up to 39% lower.
The AltX-listed company has launched a scheme of arrangement, alongside a mandatory offer from large shareholder ARC.
The banking group’s results for 2018 are still impacted by its separation from former parent Barclays Plc.
The group missed its main profit target due to volatile markets and the weak SA economy as it announced R2 billion in share buybacks.
The consumer goods group’s first-half results were impacted by poor sales at Spits and restructuring at Green Cross.
While geopolitical uncertainty dented ferrochrome prices last year, the company says Eskom remains a key risk factor in 2019.
A spike in mortality claims at Discovery and a normalisation of claims at OUTsurance resulted in an 8% decline in earnings.
The acquisition has offset flat revenue in the fishing group’s home market and lower revenue from Australia.
The investment holding company has reported lower profit due to the downward revaluation of some listed investments and losses at Lion of Africa.
The restaurant group says inconsistent power supply has further worsened consumer sentiment and negatively impacted its operations.
The sports betting group says given the trading pressures it faces in South Africa, its board may revise its dividend policy.
The life assurer is paying an interim dividend of 35c per share after completing a R2 billion share buy-back programme.
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.
In the latest problem to beset the sugar producer, it says it may have to review financial statements from previous financial years.
The healthcare group says talks over its Remedica business continue while it’s making progress with the disposal of non-core businesses.
The platinum and chrome exploration company says an improving chrome market will help its full-year earnings.
The engineering group says the Northern Cape zinc project has suffered setbacks that resulted in additional costs and delayed milestone payments.
The sports betting group says given the trading pressures it faces in South Africa, its board may revise its dividend policy.
The Polish shopping centre owner says more than 100 million customers visited its centres last year.
The bank’s operations outside SA now contribute close to a third of headline earnings.
The network operator plans to realise at least R15 billion over the next three years which it will use to reduce debt.
The life assurer has raised its dividend by 8% despite a dip in earnings due to weak investments markets.
The pharmaceuticals group says it’s splitting its SA business to increase focus following the sale of its Nutritionals business.
The group is restructuring its operations to focus on areas where it can grow earnings in a subdued economy.
The freight, logistics and financial services group says it's positioned its businesses to increase market share and to capitalise on any global market improvements.
ATON will be watching closely after a strong first half for Underground Mining offset weaker performances from the group’s other divisions.
The group says its two operating divisions have had a strong start to 2019, with upside potential if the economy improves.
Marius Muller plans to selectively reposition the property fund’s portfolio and dispose of properties that are non-core.
The diversified resources group says higher coal prices and a lack of once-off transactions will result in higher earnings.
The dairy and drinks growth says the early implementation of its strategic focus has contributed to a stable performance despite weak consumer spending.
The real estate investment trust reported good trading at its Mall of Africa centre and growth in dividends from its stake in MAS Real Estate.
The platinum producer intends to raise R1 billion to help fund upgrades of its recently acquired Maseve asset and grow production at Styldrift.
Resilient plans to take back the shares Fortress owns in it as the property companies continued to address market concerns.
The real estate investment trust has changed the way it treats the interest it earns from loans to the Siyakha Education Trusts.
The real estate company has faced increased property rates, additional refinancing costs and higher provisions for bad debts.
The company says a disgruntled former employee may have leaked confidential company information and shareholders should pay no heed.
The group more than doubled student numbers after a string of acquisitions as it takes advantage of the demand for private tertiary education.
The food producer says there’s an oversupply of chicken in the market due to imports, while high levels of imported sugar remain even after the government...
The industrial services, trading and distribution group has grown earnings against a frail economic backdrop and is preparing for a new CEO.
The speciality chemicals group has sacrificed margin in a competitive environment but says it’s refined its strategy and is going back to basics.
The property investor has raised its interim distribution by 40% as its strategy to target growth assets in Central and Eastern Europe pays off.
After a tough 2018 which saw AB InBev cut its dividend to reduce debt, sales have improved and it forecasts a better 2019.
Property groups have agreed to reduce floor space, cut rentals and buy equity as they participate in the rescue one of their biggest tenants.
While local volumes dipped in the six months to end-December, African markets outside of SA consumed more of Distell’s wines and spirits.
The diversified miner is in discussions with its partner in Nkomati, Norilsk Nickel, on the mine’s future.
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The paper and packaging group says it’s well-placed for the move from plastic to paper.
Full-year earnings beat guidance but the tobacco group’s shares have failed to ignite due to regulatory pressure and lawsuits.
The mining group says fundamentals for palladium and rhodium remain strong, with platinum expected to recover in the medium term.
A combination of low sales growth, higher expenses and restructuring costs resulted in reduced earnings and a lower dividend for shareholders.
Naspers will unbundle its holding in MultiChoice Group to shareholders tomorrow as it focuses on its global internet businesses.
The Central and Eastern European property investor is forecasting lower distribution growth for the year ahead.
The London property owner says a demerger of its Covent Garden and Earls Court interests could be implemented promptly, but there are other options.
If the transaction goes ahead, SA subsidiary Collins Group may be listed on the JSE and unbundled to Tradehold’s shareholders.
The shopping centre owner says the lower end of the market it serves has proved to be more resilient to the tough economy.
The automotive business has grown first-half earnings despite flat vehicle sales.
The chemicals and explosives group has benefited from strong demand from the global mining sector as well as recent acquisitions.
The engineering and construction group has made provisions for expected losses on an Australian roads contract that it says are unprecedented.
The building materials retailer says after a tough first half, sales have declined in the first few weeks of the second half of its financial year.
Many factors weighed on the supermarket group's first-half performance, which it says shouldn't be seen as a reflection of its fundamental strength.
The logistics group says the continuing strong African commodities environment has helped compensate for a lacklustre consumer demand.
The oil and chemicals group reported a strong rise in interim earnings helped by better performances from Natref and Sasol Mining.
The shopping centre owner says its performance has been supported by an improved tenant mix in the shops previously occupied by Stuttafords.
The shopping centre owner plans to sell more properties as it streamlines its portfolio and pays down debt.
The platinum producer has reported a strong rise in first-half metal sales as it dug up more metal and reduced its stockpiles.
Blue Label announced Cell C’s CEO was leaving, a new shareholder was coming on board and it would report an interim loss.
The sugar producer and landowner will enter into discussions with its lenders this week as it prepares to report a full-year loss.
The retailer expects challenging conditions to continue for the remainder of its financial year with a medium-term improvement.
The global mining giant has grown full-year earnings by 13% but disappointed with a slight decline in its dividend for the year.
The retailer wants to reduce its interest-bearing debt in Australia due to challenging conditions facing the retail sector.
The financial services group says the decline is temporary and profit growth should return to its target of inflation plus 10%.
Under new CEO Stephen van Coller, the group has committed to strict corporate governance and has appointed ENSafrica to review all public-sector contracts.
The food services group’s European operations were the stand-out performers in the first six months of its financial year.
The branded foods group says it's benefitted from selling price category in a number of categories but hasn’t been able to recover cost increases.
The retail property group plans to retain cash and pay down debt after weak sentiment diminished the value of its shopping centres.
The iron ore producer is returning all of last year’s headline earnings to shareholders through its dividend payments.
The gold producer is divesting of mines that don’t deliver the returns it can achieve with other opportunities.
The airline will take delivery of six new aircraft this year which will mitigate high fuel prices and enhance the potential revenue per flight.
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The platinum producer has improved its payout ratio after restructuring its operations to strip out loss-making ounces and become more efficient.
The infrastructure and resources group has sold its Infraset business to the Colossal Africa Consortium for up to R200 million as part of its restructuring.
The group is simplifying its capital structure to support its growth as an investment holding company.
The platinum producer has swung back to profit, assisted by an improved performance from its Rustenburg mines.
The tech services group says it's also working with Microsoft to better understand its decision to cancel agreements with its EOH Mthombo.
The group said it took the decision to exit the US franchises following sustained losses and an unsuccessful process to dispose of them.
The real estate investment trust says Edcon stores occupy a smaller portion of its portfolio following closures and reduced floor space.
Combined with investment in its new businesses, the group expects to report a decline in first-half earnings after mortality claims spiked.
The branded food producer says while it managed to increase prices in some categories, input costs have also been on the rise.
The pharmacy chain says it’s like to miss its earnings target due to the three-month-old strike.
The precious metals producer says attempts to contain losses at a number of shafts at its Beatrix and Driefontein mines have proved unsuccessful.
The hotels group says it expects trading conditions in SA to remain under pressure until after the national elections.
The commodities producer is divesting of SA Energy Coal as it makes way for black shareholders and reshapes its portfolio.
The private schools group is paying a fifth of last year’s earnings out as a maiden dividend, leaving it with cash for future investment.
The mine tailings retreatment specialist says its Ergo operation suffered major power interruptions over 11 days in the second quarter.
The REIT says Moody’s debt calculation doesn’t take Hystead’s in-country debt into account, or the portion guaranteed by its other major shareholder.
The oil and chemicals group says its new linear low-density polyethylene unit in Louisiana achieved beneficial operations yesterday.
he property fund says it’s managed to reduce vacancies but had to lower some rentals to incentivise tenants and remain competitive.
Despite a strong result from the gold producer, FNB Wealth says it continues to avoid the gold sector in its entirety.
EOH said ending the Channel Partner Agreement with Microsoft would impact this year’s profit by about R10 million.
The engineering and construction group says losses on an Australian contract where the work was underestimated will obliterate interim earnings.
The supermarket and distribution group has reported a strong start to its 2019 financial year, helped by liquor and hardware sales.
The video entertainment business will be included on the index of the JSE's 40 most valuable companies, pushing the lowest-ranking company out.
The retailer gave no reasons for the sudden resignation of directors Gail Kelly and Patrick Allaway.
The new Post Office card that some social grant recipients have been moved to doesn’t support EFT debits or stop orders.
Bad weather is one of the reasons given for a delay to Sasol’s biggest project yet, which has resulted in escalating costs.
Although first-half production increased by a third, amortisation and depreciation charges will lead to lower earnings.
Safety stoppages at its mines following two fatalities resulted in 95,000 tonnes of lost mining production.
Higher sales volumes and low cost increases helped the steel producer return to profitability last year.
The department store chain has had three CEOs since it was bought by Woolworths in 2014.
The specialist logistics group says it’s well-equipped to both withstand economic headwinds and to exploit emerging opportunities.
The platinum producer says its performance has been underpinned by its growth and diversification strategy.
The 45-day strike hurt fourth-quarter production at the mine, which has been restructured in an attempt to make it profitable.
The pulp and paper producer says it has benefited from the diversification of its portfolio of products.
With under two months until the expiry of ATON’s mandatory offer, its shares are still trading below the offer price but shareholders still have time.
The poultry producer says like many retailers it has been at the receiving end of constrained consumer spending.
The group says the offer for Mareterram would further diversify its earnings and increase its market share in Australia.
The packaging and plastics group expects underlying earnings to much higher thanks to a strong showing from its Paper division.
Forecast profit growth may have disappointed the market due to the lofty P/E multiple the private schools group trades on.
Clover says the offer is an attractive opportunity for shareholders to realise value in cash and divest of their holdings at a big premium.
The platinum producer benefited from better prices and higher production due to an improved operational performance and the release of an inventory build-up.
Analysts said clearer guidance was needed from the network operator after the disappointing results of the previous couple of years.
The gold producer’s shares declined despite it flagging a more than sevenfold rise in full-year earnings.
The technology group has fought off allegations of impropriety for the past year and a half, which have weighed on its share price.
The construction and infrastructure company has been beset by problems that have resulted in its share price sliding by 90% over the past year.
The local steelmaker expects to return to profit for 2018, helped by the close to R3 billion sale of its stake in Macsteel International.
Gold production declined in the three months to end-December due to power interruptions, contributing to an expected first-half loss.
The consumer and commercial electronics group says it's preparing to capitalise on opportunities once growth returns to the market.
The group says meaningful action and implementation from the government on the economic front should kickstart the economy and lead to investment.
Weaker ferrochrome prices and lower volumes of chrome ore and ferrochrome sold were partially offset by a stronger rand.
FNB says the group is tracking ahead of FY expectations and trades on a forward PE of 7.3 times and a forward dividend yield of 8.4%.
The technology group says it’s engaging with the JSE and Eskom over the utility’s disclosure on the SENS news service.
The company expects to finalise the majority of its counter claims against its Ghanaian client over the next three to four months.
The restaurant group says a tough second-quarter was generally consistent with sales trends in the local retail sector.
The restaurant and luxury goods group is likely to need more equity capital over and above its current R132 million rights issue.
The technology group only managed to grow first-half revenue through acquisitions due to stagnant economic growth.
Former Nedbank executive and registrar of banks René van Wyk will take the reins until a replacement is found.
The supermarket group expects a sharp decline in profit due to hyperinflation in Angola and constraints at home.
There didn’t appear to be anything new in the irregularities listed by Eskom but EOH failed to release a statement clarifying this.
Avito attracts 10.3 million daily unique visitors and has leading positions in a number of key categories in the Russian classifieds market.
While the current period is expected to be positive, it said it is unlikely to match last year’s strong performance.
S&P Global Platts says supply constraints could become evident following the disaster at Vale’s Corrego do Feijão mine in Brazil.
The value retailer says its defensive market position continues to resonate with a “financially constrained consumer”.
The general insurer says it is taking the additional listing to attract potential new investors.
The fast-moving consumer goods company has flagged lower earnings after December sales came under pressure.
The coal miner says production should improve after it bought more machinery and integrated the colliery’s staff and systems.
The gold producer is on track to meet this year's guidance after its Elikhulu tailings retreatment plant was put into action.
The group said a strong performance from its international operations helped to offset the slowdown in SA during the quarter.
The diversified miner expects iron ore to bounce back this year after it resumed production at its Minas-Rio operation in Brazil.
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The investment company is an alternative entry to British American Tobacco but pays itself management fees.
Marius Swanepoel’s retirement was brought forward after the handover to his successor was concluded earlier than expected.
Until a forensic report into what went wrong at Steinhoff is released, along with its financial accounts, the extent of its troubles remains unknown.
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Softer than expected sales, particularly over the crucial November and December period, have resulted in a decline in 2018 earnings.
Big currency devaluations in many of its markets outside of South Africa left first-half turnover almost flat.
The R20 million administrative penalty follows a drawn-out case by the Competition Commission, which had recommended a heftier fine.
While the proceeds of the sale will help to reduce debt further, investors aren’t yet buying the infrastructure and engineering group’s turnaround story.
While the engineering and construction group targets complementary markets to grow its order book, ATON’s buyout offer provides a further underpin to the stock.
Mr Price led a slump in general retailers yesterday after posting disappointing third-quarter sales but The Foschini Group bucked the trend.
Shareholders have voted in favour of a R1.50 per share offer to take the company private.
The company is disposing of its manufacturing businesses as it repositions itself and pays down debt.
The platinum and chrome recovery company said it ended 2018 on a high, with record production at Hernic and the commissioning of its DCM plant.
The gold and platinum producer says the union refuses to co-operate with a union membership verification process.
Naspers is unbundling its pay-TV business as it evolves into a global consumer internet company.
As the union prepares to launch a secondary strike, Sibanye-Stillwater has extended the longstop date for its merger with Lonmin.
With a resource of over 30 million tonnes, Prieska is positioned as one of the more significant new VMS development projects globally.
The shopping centre owner says uncertainty over Brexit has pushed retailers’ trading volumes to their lowest since 2008.
Brait’s equity holding will be between 18% and 30%, while a haircut on its Senior Structured notes will reduce its NAV/share.
The healthcare group says it’s received an unsolicited bid for Remedica, the Cyprus-based pharmaceuticals business it bought in 2016.
The coal producer says it can now commence final geotechnical drill and start work on the mine’s infrastructure.
LSW, an entity related to former business partner Andreas Seifert, has challenged Steinhoff Europe’s business rescue process.
The luxury goods group says European sales were affected by social unrest in France but Chinese sales steamed ahead.
The platinum and chrome producer says it remains fully committed to its Vision 2020 targets despite the blip.
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Gold production for 2018 is likely to be slightly lower than forecast but PGM output and palladium prices are buoyant.
Remgro is reported to have increased its stake in the food producer with on-market purchases over December.
The plastics manufacturer was unbundled by Astrapak and listed on the JSE’s AltX market in May 2017.
The R54 million deal will boost its education division and supplement foreign-currency earnings.
While many retailers reported improved December sales, they were boosted by growth in online purchases.
The group, which has switched its focus from mining to Africa’s energy deficit, expects to start generating revenue by the end of the year.
Analysts at Cowen say British American Tobacco is arguably the most disadvantaged by the chainging US cigarette landscape.
Regulatory approvals and the waiver of a right of first refusal weren’t met by the end-December deadline.
The company’s downward sales revision stunned the market, sending its shares sharply lower.
The group is focusing on its long-term growth options due to the move to a “cleaner, more electrified and richer world”.
The maker of electric vehicles has also cut the price on a number of its US models by $2,000.
The group will proceed with a general offer to minorities after “dissenting shareholders” stood in the way of a scheme of arrangement.
Stock markets stuttered into the new year after a decline in Chinese manufacturing activity last month was blamed on a trade dispute with the US.
Following a 35% slide in its share price last year, the group’s Performance Share Plan is aimed at awarding directors for future performance.
Gold broker GoldCore says gold could rise as high as $1,600 before ending 2019 at $1,500 an ounce as it reclaims its hedge status.
The network operator has reached a truce with the Central Bank of Nigeria over dividends repatriated from that country.
Naspers takes the number of listings on the A2X platform to 15 with a combined market capitalisation of almost R2 trillion.
The diversified miner says access to the Step 3 area will support the increase of production towards the mine’s full design capacity.
The global beer giant met the JSE’s requirements for inclusion on a number of key indices as its SA shareholding increased.
The network operator has settled a dispute with the central bank but still has to find common ground with the Attorney General
The Chinese gaming and messaging giant gained 4.5% on Friday after restrictions on new video games were eased.
The group says an independent report found that it had disclosed all the relevant facts around a 2015 share transactions to the JSE.
The iron ore operation is expected to report an underlying EBITDA loss of $320 million this year after operations were suspended for nine months.
The Competition Commission has recommended that the retailer be fined 10% of its annual turnover for Computicket’s anti-competitive behaviour.
The world’s biggest brewer is partnering with Canada’s Tilray in a $100 million venture to investigate cannabis-infused beverages.
Shareholders will be asked to approve the scheme of arrangement at a meeting on 21 January.
Non-executive director Sean Flanagan has been involved in the strategic initiatives aimed a turning the engineering and construction group around.
Naspers is investing $660 million in the latest funding round for India’s largest food-delivery business.
The fast food and jewellery group will ask for approval for a R132 million, fully-underwritten rights offer.
The food producer says its decision to repurchase up to 3% of its stock won’t affects its commitment to pursue growth strategies.
The group is entering a joint venture with some of its founding directors that will give it exposure to the larger European market.
The gold producer says it will still proceed with retrenchments at South Deep as it puts the mine on a sustainable road to recovery
South Africa’s biggest company by market capitalisation has taken a secondary listing on the year-old exchange.
The retail group says the approvals will increase financial stability and allow it to focus on maximising its potential.
The group has negotiated a temporary change to its debt covenants as it awaits the sale of its infant nutritional business.
The investment group put its security communication equipment subsidiary up for sale after unsolicited buyers came forward for the group.
The construction and infrastructure group says a number of parties have expressed interest in buying various parts of its business.
The platinum producer says it’s benefited from a higher rand-platinum price and a better performance across its operations.
The industrial and healthcare gases group says the restructuring will help it grow profit in the future.
Mylan has taken over the distribution of a portfolio of products in Australia and New Zealand and has the option to purchase it for R1.93 billion.
The platinum producer sold its 33% interest in the joint venture to Royal Bafokeng platinum as it simplifies its portfolio.
The private hospitals group says it expects revenue growth in the high single digits for the year to end-March.
The tobacco giant says it’s been growing its share of a declining market for cigarettes and selling more tobacco replacement products.
RECM has agreed to call off its voluntary offer to minorities in light of Astoria Investments’ proposed capital pay-out.
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The financial services group is undertaking a strategic review with the aim to ensure its relevance in South Africa.
The construction and engineering group says guarantee providers were obliged to pay $43.8 million over to Ghana’s Cenpower to complete the power plant.
Stephen Van Coller says the move will help support its businesses as they need a different focus, capital structure and management.
The quick-service restaurant group believes that the CVA will help with the long-term viability and sustainability of Gourmet Burger Kitchen.
The diversified mining group expects to beat its 2018 output target by 2%, with further improvements over the next three years.
The iron ore producer says its Iron Ore Export Channel was reopened quicker than expected following a derailment.
The property investor, which has been renamed Lighthouse Capital, is selling its listed property portfolio as it identifies redevelopment opportunities to invest in.
The mobile network operator has yet to reach common ground with Nigeria’s central bank and Attorney General over allegations of impropriety
The metals recovery company says buying PlatCro’s chrome extraction business will give it a strategic position in the PGM and chrome-rich bushveld complex.
The IT services group plans to position itself as a leading data and analytics company in SA and potentially also in Europe.
The Financial Sector Conduct Authority is taking a closer look at rumours trending on social media ahead of the release of Viceroy’s report.
With cash flow under pressure the group says a listing is no longer suitable and the associated costs outweighed any benefits.
The Polish property investor says it expects to deliver on its distribution guidance as it builds its retail portfolio.
Shares in the beleaguered retailer tumbled after it shifted the release of a forensic report into financial irregularities until next year.
The owners of the power project in Ghana want the construction and infrastructure to pay another $60.5 million to complete the works on the terminated contract.
The “engaged shareholder” raised its stake to 8.05% ahead of last night’s special general meeting.
The property developer has already sold units to a new rental company for R98.4 million as it moves to protect its cash flows.
The financial services group expects the economic and operating environment for its business to remain tough.
The private education and retirement village group is in talks to buy pre-school network Opti-Baby and will settle the deal in shares.
The tile and sanitary ware group says sales have trended positively despite tough trading conditions.
The real estate investment trust has sold off lower-yielding properties and bought high-growth industrial assets.
The claims of more than 1 000 victims will now be be able to proceed as one against Tiger Brands in a single matter.
The property fund will receive as much as R2.19 billion for a number of commercial properties in Johannesburg and Pretoria.
A company owned by Derek Tod and Luis Baeta has been given a 12-day exclusivity period during which competing offers can't be considered.
The Kpone power project has been plagued by problems and delays, resulting in Cenpower demanding the maximum penalty payment.
The investment group is rebranding its GT247.com and Emperor Asset Management businesses in line with its EasyEquities platform.
The financial services and asset management group says an improving second half was derailed by a volatile September.
The internet and media group says listing its pay-TV operations will take it a step further in its evolution into a global consumer internet company.
A consortium of investors withdrew due to “the uncertainty around current macroeconomic conditions and the potential near-term volatility across markets”.
The company has challenged Viceroy to declare any trading positions they may have had in NEPI Rockcastle at the time the report was issued.
The poultry group has raised its total dividend for the year by 165%, including a special dividend due to its healthy cash position.
The group says it will be better placed as part of a stronger, enlarged and diversified group due to liquidity constraints and required investment.
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The industrial group says increased volumes in certain sectors and acquisitions will help it deliver “acceptable” growth this year.
Trying economic conditions and weak consumer sentiment are weighing on the group’s SA operations, but the UK, Europe and Australasia are performing better.
Black Friday specials attracted 15% more visitors to Liberty Two Degrees' shopping centres than last year.
The activist short-seller has accused the European property investor of overstating profit from its investments in Romania.
The restaurant and luxury goods group also plans to outsource most of its supply chain as part of a restructuring of its operations.
The diversified chemicals group has paid an interim dividend in anticipation of a profitable full-year.
The packaging group says it won’t resume dividends until the sustainability of cash transfers from Angola and Zimbabwe is assured and it’s sold its Glass business.
The JSE has fined Pepkor R5 million, with R1 million suspended for two years, for breaching the exchange’s listing requirements.
The property fund has trimmed its distribution after investing in its portfolio and paying higher finance costs and property rates.
The ICT services business has granted new CEO Stephen van Coller a million share options that will start to vest in two years’ time.
The Eastern and Central European shopping centre owner says it’s benefiting from higher growth rates than in the rest of Europe.
The retailer’s biggest shareholder is offering minorities a 50% premium to buy their stock and go private.
Reporting interim results, the cement producer said CEO Johan Claassen planned to take early retirement.
The private hospitals group’s Polish operations have turned around, while it sold its Indian business in September.
The retailer says independent research confirms that consumers’ perception of its quality and fashion has improved relative to its competitors.
Despite the listeriosis outbreak contributing to a slide in earnings, the group has maintained its dividend due to the strength of its balance sheet.
Buying Mercantile would remove the need to reinvent and create new systems and processes from scratch, fast-tracking its broader bank strategy.
Steinhoff says its US subsidiary has strengthened its balance sheet, optimised its store footprint and emerged a stronger company.
Following the acquisition of UFO, Lewis has launched call centre and online business INspire, which targets middle- to high-income customers in urban areas.
The financial services and wealth management group says the payout is in line with the direction given to shareholders at the time of its restructuring.
The property fund says hotels have also become more competitive in their pricing due to the weak state of the economy.
The price of Brent crude oil topped $86 per barrel early last month but has since fallen back.
A turnaround at Ma Baker is progressing well while the end of the drought in the Western Cape will return its international business to profitability.
Following their relative underperformance over the past year, the fund manager says the major SA asset classes present opportunities.
Over the past decade, Transaction Capital’s SA Taxi has extended loans of close to R22 billion to taxi operators.
The retailer says one-off costs related to a third-party debt provision and share dilution will leave full-year HEPS as much as 42% lower.
The private hospitals group has declared a special dividend of 40c per share following a detailed review of its portfolio, capital structure and capital requirements.
The branded food producer has reported a big improvement full-year earnings but said pressure started to emerge in the second half.
After a strong year, the poultry producer says its near-term prospects can be regarded as a mixed bag of negative and positive factors.
Louis du Preez, who has been leading the restructuring negotiations, will replace Danie van der Merwe, who steps down at the end of the year.
Headline earnings and earnings per share increased considerably as a result of its share of fair-value gains recognised by Tencent.
The investment group says it continues to take comfort in the tobacco giant’s underlying financial results despite a slide in its share price this year.
The High Court of Johannesburg said it was unable to interdict the construction group’s Ghanaian client from demanding penalties for project delays.
The print and packaging group has had to adjust after Media-24 renegotiated a printing agreement on less favourable terms.
As palladium rose to a record high, the company said it planned to resume dividends in 2020.
After reporting an improved fourth-quarter, the paper and pulp producer has predicted a strong start to 2019.
The retailer says after a smaller winter sales affected first-quarter sales, womenswear, in particular, showed signs of life in October.
The private hospitals group says regulatory changes are significantly impacting the healthcare market in Switzerland and all operators are affected.
The specialist bank and asset manager says it delivered a sound performance notwithstanding a challenging operating environment.
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Through Vitality Money, customers will get interest rates in line with their financial behaviour.
Positive growth in Ireland and a weaker rand helped offset continued weakness at the group’s Swiss operations.
The REIT saw a rise in vacancies after Eskom cut back on activity in Witbank, resulting in the non-renewal of residential contracts.
The waste management company is currently the subject of a takeover bid by French group Séché Environment.
The telecoms operator grew mobile customers by 50% in the six months to end-September but BCX weighed on earnings.
The coal producer says it remains strongly positioned as a consolidator in the coal sector and will continue to consider value-enhancing opportunities.
The fund has held back on local acquisitions due to a challenging microeconomic environment that is unlikely to improve in the short term.
A turnaround strategy helped the UK womenswear chain post a first-half profit as it regained market share and cut costs.
The network operator faced once-off costs to facilitate the R16.4 billion sequel to YeboYethu.
The property fund reported a loss for the year to August following a revaluation of its properties.
All three main areas of the chemical and fertilizer group’s business performed poorly in the six months to end-September.
A consortium of private equity funds plans to separate Torre’s industrial and analytical services businesses if the R771m deal proceeds.
The fast-moving consumer goods group has been hit by rising costs and the impact of last year’s listeriosis outbreak.
The luxury goods group reported operating profit that missed expectations due to the cost of acquisitions and disposals.
While sugar prices remained under pressure over the six months to end-September, they’ve since recovered due to increased duty protection.
Full-year results will be better than previously expected, helped by the weak rand and a better performance from Alliance Medical in the UK.
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The Competition Tribunal approved the transfer of FirstRand’s stake in the Discovery card joint venture to Discovery Bank on Wednesday.
The retailer has expanded its operations in the UK and Australia and has also seen a good take-up of online sales.
When the two companies start trading on the exchange, it will have 13 listings with a combined market cap of more than R520 billion.
With limited public-sector infrastructure work available, the construction group has done well from increased mining sector work.
The investment group is changing direction after it came under pressure from shareholders to narrow its discount to NAV.
The coal producer has secured a R20 million facility from Absa which may be used for potential expansion opportunities at Uitkomst.
The digital technology group has sold a 12.4% stake to Douglas Investments as it raises capital to expand its digital security businesses.
The mutual bank says the new Post Office card doesn’t allow for debits or stop orders, limiting its ability to lend to grant recipients.
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The engineering and construction group says there’s been yet another delay to completing the Kpone power plant, this time due to contaminated fuel.
The gold producer reported a sharp rise in first-quarter production from a year earlier, helped by its Moab Khotsong and Hidden Valley mines.
The gold producer is ceasing high-cost production as it focuses on new projects including the Elikhulu tailings retreatment plant and Royal Sheba at Barberton.
The technology holding company will report higher earnings for the year but will miss its pre-listing forecasts.
The gold producer says costs are trending towards the lower end of guidance and production towards the upper end.
The real estate investment trust says its geographical diversity should provide cover against a tepid local economy.
The ICT group says the R80 million purchase of Conor will strengthen its telecommunications division.
The wholesaler and retail says sales have mostly improved since mid-year but new accounting standards will distort its results.
The central London property owner says it will evaluate the terms of any proposed offer against the merits of a demerger and other options.
The waste management company says Séché’ Environment’s R1.20 per share offer represents a materialise opportunity for shareholders to realise value.
The “engaged shareholder” lifted its stake in Altron above 20% last week and has also been buying more shares in other key investments.
McConnell Dowell has won a number of contracts in Australia and the Far East and says there’s further potential.
The building materials supplier says its bulk commodities business helped offset weakness in the construction sector.
The steel producer says strong international demand and the weaker rand have supported exports of its steel.
The group said deferred platinum sales in the US and ongoing challenges at its SA gold mines resulted in lower Q3 core earnings.
The engineering and construction group’s underground mining book has jumped 12% since June and it’s the preferred bidder for other large contracts.
The JSE’s largest share got some much-needed relief after MSCI said it wouldn’t exclude shares with unequal voting structures from its benchmark indices.
The telematics company says markets for its vehicle tracking devices remain largely underpenetrated despite strong growth over the past six months.
The platinum producer says it’s in talks to sell or outsource its 1 Shaft at Rustenburg as it eliminates high-cost production.
The insurance giant is selling an additional 5% stake to black investors including anchor empowerment shareholder Ubuntu-Botho for between R7.4 billion and R8.6 billion.
The logistics and automotive group says its first quarter has been tough but the businesses are well positioned to ride out the weak economy.
The logistics group says lower billings are a result of the weak SA economy but recent offshore acquisitions should put the wind back in its sails.
The acquisition of Talhado Group in May came just in time for Premier to benefit from the exceptional catch rates for squid last year.
PSG's shares are trading at a discount of about 18% to the value of its underlying investments and are down 21.5% this year
The retailer says it doesn’t foresee material increases in food inflation until next year, which should keep prices low this festive season.
The restaurant group says remedial action taken at Gourmet Burger Kitchen should result in the chain adding value in time.
MTN says it remains committed to listing its Nigerian business and will defend itself against allegations by the Central Bank and Attorney General.
The roadbuilding and construction group is right-sizing its roads business due to a big slowdown in work from SANRAL.
The commodities producer and trader has cut its full-year oil production guidance by 6% but has maintained its other guidance.
The group say the partnership is aimed at providing its luxury brands enhanced access to the vast Chinese market.
The coal miner is negotiating to join a consortium of investors that has made a bid to buy ASX-listed Universal Coal.
The Mauritius-based financial and fiduciary services firm has been acknowledged as the best administrator of investment funds on the continent.
The retailer has reported a strong rise in earnings despite pressure on consumers and depressed cold and flu medicine sales.
The global brewing giant has a long way to go to meet its objective of reducing net debt to two times EBITDA.
The ICT group has paid its first dividend in over two years after selling non-core businesses and reducing debt.
The retailer’s end-of-winter sale commenced at the start of its new financial year, while the weaker rand boosted revenue from the UK
The investment group says its operating businesses have delivered according to expectations despite the challenging economic climate.
The Company Voluntary Arrangement will give Gourmet Burger Kitchen space to restructure to help ensure its financial viability into the future.
The gas handling equipment supplier said the R44 per share gives minorities a unique opportunity to exit their holdings of the illiquid stock.
The diversified miner produced 1% more metal and diamonds across its operations in the three months to September.
The shopping centre owner has lowered the value of its properties due to negative sentiment towards retail property in the UK.
The investment group says it continues to engage with major shareholders on ways to unlock value due to its discount to NAV.
Howden Africa released a trading update ahead of a possible offer to minority shareholders and take the company private.
The affordable housing developer has had to adjust to new accounting rules, while extra costs piled up due to illegal land occupations.
The retailer and direct marketing company has received notice from the Van Straaten Family Trust of its plans to buy out minority shareholders.
The $200 million raised from China’s state-backed Pangaea Investments will be used to settle current restrictive loans and provide more liquidity.
The REIT says it plans to consolidate its portfolio this year as it positions itself for sustainable growth.
The dairy and drinks group says a third party is interested in buying its entire share capital.
An investment consortium has revised an earlier indicative offer higher to an effective 210.4p per share after allowing for intu’s interim 4.6p dividend.
The group has bought SAI Logistics to benefit from trade between the world’s second most populous nation and the UK.
More than 85% of the retailer's creditors have agreed to give in an extra month to set its restructuring in motion.
The developer says headline earnings per share will be virtually wiped out after one of the most difficult periods ever.
The ICT group says an improved performance across its divisions should carry on for the rest of the year
The report compiled by former auditor general Shauket Fakie clears the REIT of wrongdoing but investors want more answers.
Against an especially difficult background, PSG Konsult presented a very strong set of results for the six months to end August 2018.
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Shares in the private hospitals group sank as much as 21% after it warned of a decline in first-half earnings.
The discount pharmacy chain opened seven new stores in the six months to end-August and has opened two more since then.
The refractory and alloy supplies group says margins came under pressure in the first quarter and it faced rising costs.
First-quarter sales are up from a year ago due to the 27 stores it’s opened since July 2017.
The motor dealer and car rental group says it will have performed well if it can maintain growth in full-year headline earnings.
The supermarket chain says volumes rose 3.5% in its first half as it cut prices on 2 500 everyday grocery lines.
The tobacco giant has revised down the revenue it expects to generate from cigarette alternatives this year to £900 million from £1 billion.
The investment holding company has reported a 22% increase in recurring earnings per share and lifted its dividend by 10%.
The group said the clean-up of its operations last year enabled the new leadership team to gain an understanding of its true financial position.
Property developments that were delayed by slow town-planning approvals last year are currently under construction.
The casual dining restaurant group said it was prudent to impair the value of Gourmet Burger Kitchen due to its sustained underperformance.
The retailer reassured investors that it has made substantial progress in negotiations with creditors.
London’s Sunday Times reported that Gourmet Burger Kitchen may launch a formal company voluntary arrangement due to tough conditions for UK restaurants.
Production was set to resume at the factory on Friday, with the exception of its ready-to-eat chilled processed meats.
The investment holding company said the majority of its core investments reported “commendable” recurring earnings over the six-months to end-August.
The iron ore producer has sold the closed Thabazimbi mine to ArcelorMittal SA for a nominal R1.
The UK property investor has been shielded from the weak retail sector by its larger exposure to industrial and office properties.
The property fund is buying strategic land holdings in SA so it can develop emerging logistics nodes.
The paper and packaging group says rising operating costs were more than offset by higher selling prices in the third quarter.
The group says it increased its market share as total assets under management jumped 19% to R230 billion.
The JSE’s landlord lost a large tenant at its 24 Central mixed-used complex and says its full-year distribution is also likely to be lower.
Even without the restatement of last year’s results due to new accounting standards, earnings will still be higher.
The US/China trade war, rising US interest rates and a shift out of tech shares have pushed global markets lower.
The MedScheme owner says the transaction is consistent with its strategy of expanding its mediation distribution network.
While the agribusiness’s shares remain under pressure, earnings have recovered at most of its underlying investments.
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The low-cost platinum and chrome producer remains on track to meet its 2020 targets after beating its guidance over the past year.
The German-focused property group says organic rental growth is up despite some large move outs at the start of the year.
The group’s Logicallis subsidiary has bought Australian Microsoft Azure partner Computer Network Integration.
The property fund has acquired a 9.9% stake in Transcend and has committed to raise its holding above 25% in the next 18 months.
Subsidiary Humulani bought 1.88 million shares from two of the group’s directors in 2015 without the proper authority.
After being shunned by rival Hammerson in April, intu’s shares jumped as much as 30% on Friday on renewed takeover prospects.
The court-supervised prepackaged financial restructuring will help Mattress Firm strengthen its balance sheet and optimise its store footprint.
Sugar prices remain under pressure and the group sold less than one developable hectare of land in the six months to end-September.
While the sports betting group was affected by the weak SA economy it said it retained its appeal in international markets.
Shares in the food producer sagged after it indicated that growth had slowed in the second half of its financial year.
Unsubstantiated reports say the US’s largest mattress retailer could file for bankruptcy protection this week.
The technology outsourcing group has restructured its business into two operations under a new CEO.
The group plans to reduce its stake in Intertoll Capital Partners to 10% and not the 40% stated in its results this week.
Aveng Rail has been sold to empowerment group Mathupha Capital which aims to become a fully-fledged railway solutions provider.
The engineering, construction and infrastructure group has burned its fingers badly in Ghana and is reassessing other potentially risky contracts.
The information and communications technology group says it’s had a strong start to the year following the reshaping of Westcon International.
The German-focused property group says it’s close to completing the deployment of its €100 million war chest.
The platinum miner says the Zondereinde deal provides for continuity and certainty at the mine.
The property fund has faced a number of challenges as it nears the end of a portfolio rationalisation.
The food and agribusiness investment company expects a strong rise in interim profit due to a recovery in its underlying investments.
The financial services group has moved quickly to replace Andrew Darfoor, whose services were terminated last week.
Constantia reduced its net underwriting loss by three quarters but earnings from its investment portfolio declined over the year.
The private hospitals group has reported strong revenue growth across its core geographies as it prepares to sell its business in India.
The investment group has reduced losses at its Burger King franchise as it met its deadline to open 80 corporate stores.
The company trades at a significant discount to the value of its investment in NYSE-listed Textainer.
The engineering and capital equipment group says the tax dispute has hampered its ability to use equity to fund its expansion.
Trade in the retailer’s shares was halted in Botswana and Johannesburg before it released more detail on why its results were being delayed.
The labour broker and staffing group expects a return to profit for the six months to end-August following ‘clean up’.
The private hospital group has also hit a brick wall in its attempts to influence government policy and the Competition Commission’s healthcare inquiry.
The investment group says it’s been able to compensate for a decline in traditional advertising through digital streams.
The bank says it’s entering the SME market regardless of whether it is successful in its bid to buy Mercantile Bank.
Nedbank says it’s considering an odd-lot offer as the majority of its new shareholders will hold less than 100 shares each.
The Amsterdam District Court has told the group to submit its statement of defence against the Dutch Investors’ Association in early November.
The group has no plans to raise equity capital and says it will be easier to strike an empowerment deal in an unlisted environment.
The automotive group says an independent listing will give it the room to pursue independent strategic initiatives, using its own balance sheet
The struggling engineering and construction group says it has enough cash to keep operating for the foreseeable future.
The IT and electronics group is reducing its exposure to the manufacturing sector as it offloads non-core assets.
The healthcare group is aiming to increase organic growth following a spate of acquisitions.
The shopping centre owner says 2017 was “undoubtedly one of the toughest retailer environments” for the group.
The board of the financial services group said it terminated Andrew Darfoor’s services due to a “loss of confidence and trust”.
The foodservice group says its UK Contract Distribution business remains non-core and it’s considering its option after the sale fell through.
The media group is selling non-core assets as it tries to pay down debt and focus on its core businesses.
Shares in the container leasing group fell on Friday as it prepared the market for interim results this week.
The cement producer says although volumes are down, it’s outpacing the industry.
The retailer grew first-half turnover by 6.4% as it increased its share of a constrained consumer market in South Africa.
Easing liquidity conditions in markets including Angola and Nigeria have also enabled it to repatriate R3.1 billion so far this year.
The furniture giant says while a turnaround plan at its US subsidiary is showing results, it needs additional liquidity.
The gold producer reported a loss for the year to end-June as it restructured its operations to focus on low-cost, long-life production.
The poultry pressure says volumes and prices came off the boil recently due to weaker consumer demand.
The private hospitals group will sell its 49.7% stake in Max Healthcare so it can focus on its other core businesses around the globe.
The investment group’s holdings in FirstRand, RMB Holdings and RCL Foods have boosted its full-year performance.
The airline has been investing in more fuel-efficient aircraft to help mitigate the impact of higher fuel prices.
The Competition Commission has recommended the merger subject to Sibanye-Stillwater implementing measures to mitigate the impact of retrenchments.
The group says declining investment in the agricultural sector and the listeria outbreak last year were among the factors affecting its performance.
Shareholders will receive one share in the R23.4 billion automotive group for every Imperial share they hold.
The food producer says it will report a big fall in full-year profit, while its international segment will post a loss.
A single large credit event, higher taxes and customers under strain have reduced the bank’s profits by more than a third.
It says the agreements on pay and shift arrangements are key pillars in the strategy to complete the turnaround of its SA business.
Listing MultiChoice Group via an unbundling is expected to unlock value and create a top 40 JSE-listed African entertainment company.
Incoming Investec CEO Hendrik du Toit has finally got his way and will continue to head asset management once it lists.
The gold producer has restructured its operations to focus on low-cost, long-life assets.
The speciality chemicals group says it spent the last year addressing strategic legal issues in order to position itself for growth.
Private client fund manager Vestact says the sell-off was probably the work of adventurous short sellers.
The group says it’s imperative to eliminate loss-making production as it aligns its operations with a weak platinum price.
Aspen will deploy some of the proceeds it receives for its Global Nutritionals Business to pay down debt.
The investment vehicle’s portfolio rose to R8.2 billion last year despite marking down the value of its holding in IT services group EOH.
The group said it wasn’t aware of the impending resignation when it prepared its annual accounts but decided to be prudent.
The poultry producer has benefited from high levels of profitability in its egg business and an insurance payout.
A lower increase in the valuation of its biological asset is likely to result in a big drop in full-year earnings.
The roadbuilding and construction group says spending on road infrastructure has dwindled while provincial government contracts have been delayed.
Bloomberg reported it’s been in talks with France’s Lactalis to sell its global infant nutritionals business for about $1 billion.
The acquisition signals the departure of Australia's Monash University from South Africa.
The security gate and shutter specialist says its Trellidor business remained defensive last year while blind sales came under pressure.
The industrial group plans to increase black ownership above 51% and says it will be easier to achieve its target in an unlisted environment.
The real estate investment trust said the weak economy had affected the sale of non-core assets and the rollout of development activity.
Tesla shares bounced Monday following an upbeat analyst note that suggested worries about chief executive Elon Musk and his various controversies were exaggerated.
The fast-moving consumer goods group is paying an additional 250c per share after raising its full-year dividend by 7.4%.
The industrial and healthcare gases group says it’s trying to mitigate negative market trends affecting its hard goods business.
The luxury goods group has appointed chief operating officer Jérôme Lambert as CEO to ease its entry into the digital age.
The group has asked the Federal High Court for injunctive relief restraining the Attorney General and central bank from proceeding with any action.
Tsogo shareholders will receive shares in Hospitality in two tranches if the transaction is approved.
The group spent R3.8 billion last year as it aims for annual production of more than one million ounces.
The early redemption of the construction group’s bonds will come at a cost to shareholders as it dilutes their holdings in the company.
The diversified miner says the shift to electric vehicles creates opportunities for some of the metals it produces but also presents challenges.
The restaurant group says sales at its Spur Steak Ranches recovered strongly in the fourth quarter.
The financial services group credits the strength of its franchise for being able to grow earnings in a low-growth economy.
The group says its portfolios were not well positioned for the run in the SA market after the ANC’s December elective conference.
The IT services group said it won fewer major contracts after the events of last year but business activity has started to normalise.
The life assurer has a three-year plan to achieve sustainable, profitable growth - the duration of new CEO Hillie Meyer’s contract.
The mine dump reprocessor has also introduced short-term price protection following its acquisition of Sibanye-Stillwater’s West Rand Trailing Retreatment Project.
The group credits its ICT Distribution business for an improved 2018, helped by the full takeover of Datacentrix.
The miner will use some of the proceeds of its streaming agreement with Wheaton Precious Metals to buy back its bonds.
Shares in the pharmaceuticals group fell sharply after it said the firmer rand earlier this year impacted revenue and earnings.
The group says while buying FirstRand’s stake in Discovery Card had delayed the process, the bank should start operating by the end of the year.
As it prepares for a Lagos listing, the mobile network operators problems in Nigeria are mounting by the billions.
The engineering and construction group is making a larger share of its revenue in Australia as the local market stagnates.
The retail group says the write-off is unlikely to be material and most of House of Frasers stores are likely to continue trading.
The industrial conglomerate says growth is likely to remain lacklustre until policy and political certainty emerges after next year’s election.
The group has warned that costs in the second half of the year are likely to be higher as it prepares for next year’s intake.
The hotels and casino group has realigned its business and is close to exiting Nigeria.
The real estate investment trust says it will continue to hold the South-Easter Europe property group in an unlisted format.
The retailer says it had to work harder to convince customers to buy big-ticket items with long lead times or multi-year guarantees.
The financial services giant has excess capital available over and above its solvency requirements.
The group says it’s well positioned to drive the strategies of its remaining Freight Services and Financial Services businesses.
The network operator has been ordered to return $8.1 billion to Nigeria while the banks who facilitated the transactions have been fined.
The retailer says it’s confident its low-price business model is well positioned under constrained economic conditions.
The absence of big catastrophic events and lower claims have resulted in a big improvement in Santam’s underwriting margin.
The recently-listed shipping group has doubled its losses, weighed down by challenging markets and the cost of its separation.
The stronger rand earlier this year has contributed to a strong rise in full-year earnings from the drugmaker.
The REIT has cautioned investors to expect a smaller increase in its distribution next year due to the poor state of the economy.
Shares in the retailer shot up despite former CFO Ben la Grange telling Parliament that shareholders were unlikely to recover their investments.
The group’s Underground Mining was the standout performer last year as its order book jumped by 26% to R22.1 billion.
The building materials retailer says revenue for the first six weeks of its new financial year is up just 1% on the comparable period.
The drilling services specialist says a steady flow of new enquiries is feeding into its project pipeline.
The fisheries and food group is buying Ladismith Cheese to get a foothold into the growing dairy industry in South Africa.
The food producer says its business has become more resilient following a remodelling of its chicken business.
The private education group said organic growth at its schools division was under pressure due to emigration and financial pressure on households.
The direct marketer and fintech company says its signing up 20 000 new customers a month and growing its digital channels.
The transport and logistics group has reported record earnings thanks to its Supply Chain Africa and a number of acquisitions over the past year.
CEO Kevin Hardy was previously MD of BTSA, in which the technology group was supposed to acquire a 30% stake.
The insurance group has been impacted by weaker persistency in its Metropolitan Retail business and investment in technology and new initiatives.
The wine and spirits group has reported higher volumes and revenue despite constraints on the South African consumer.
The retailer says the new financial year has got off to a positive start after it restructured and impaired its David Jones chain in Australia.
The retailer and wholesaler has reported flat first-half sales and lower profit after it restructured two of its divisions.
Strong performances from its SA and US platinum operations offset a weak first-half for its local gold mine.
The diversified miner achieved record production at a number of its operations last year and says it’s well positioned for the year ahead.
The telecoms services group plans to buy back its shares which have fallen 54% this year.
The packaging manufacturer and recycler says it’s considering branching into alternative products as a substitute for retail plastic bags.
The foodservices group’s operations across Europe grew trading profit by 30% last year, with a number of record performances.
The REIT has changed the way it distributes interest on the loans it’s made to the Siyakha Education Trusts after coming under scrutiny.
The retail giant says the impact of deflation on sales growth is starting is starting to decline, with last month’s sales particularly strong.
Shares in the supermarket group fell sharply after it reported a drop in earnings and a lower dividend.
A strong performance from its automotive division resulted in record revenue from the motor and logistics group.
The company says there are downside risks to the global growth outlook this year due to rising trade protectionism.
The gold producer aims to lift production in the year ahead by 18% helped by the inclusion of Moab Khotsong and Hidden Valley.
The oil and chemicals group says the US chemicals project will transform its earnings profile.
The outgoing CEO says production at the gold miner is strong, costs are improving and its pipeline is well stocked.
It will use the proceeds to reinforce its balance sheet and accelerate growth in its classifieds, online food delivery and fintech businesses.
The property fund owns 18.6% of Rebosis and expects a larger decline in its full-year dividend following a rebase of Rebosis’s earnings.
The platinum producer was been affected by impairments, a deferred tax charge and retrenchment costs.
The real estate investment trust says the distribution of its Fortress stake to investors will affect future dividends.
A vague cautionary announcement on Friday has raised speculation that moves are afoot to offload its ailing Gourmet Burger Kitchen subsidiary.
The company said the effects of the business rescue proceedings instituted at Esor Construction on the listed holding company were not known.
The gold producer says impairments, a translation loss on dollar debt and lower derivate gains will deplete full-year earnings.
The branded food producer and distributor has also been affected by lower margin business and share dilution after this year’s IPO.
The furniture group’s shares jumped as much as 27% after it confirmed that the restructuring would be launched within the three-month deadline.
The bank says a growing number of customers are opting for digital banking channels, in South Africa and the rest of Africa.
The group says full-year earnings will be up to 37% lower due to higher costs and the impact of the listeriosis product recall.
The gold producer has reported a first-half loss after impairing South Deep as it prepares to lay off workers.
The clothing and homeware chain is expanding its online offering as retailers battle to get feet through doors.
A strong performance more than offset the Turkish Lira’s slide but the group is being cautious with capital for the rest of the year.
The Chinese Internet and gaming giant reported revenue and profit that fell short of expectations.
The property fund says due to an oversupply of offices it’s had to reduce rentals and provide tenants with more incentives.
After a strong first half, the construction and engineering firm expects full-year earnings to be more than 20% higher.
The gold producer is impairing the deep level mine by another R4.8 billion which will result in a first-half loss.
The private schools group says recapitalising its subsidiary and redeeming expensive interest-bearing debt will be positive in the long run.
The diversified industrial group’s chemicals division was the standout performer last year as it integrated recently-acquired Safripol.
Ahead of Tencent’s results today, Naspers fell after the Chinese company’s new blockbuster game was blocked by regulators.
The paper and pulp producer reported a decline in profit in what is traditionally its weakest quarter due to capex and shut downs.
The board of Esor Construction hopes that entering business rescue will buy it time to develop and implement a recovery plan.
The short-term insurer expects its net underwriting margin to rise above its long-term target range.
Local litigation law firm LHL Attorneys is leading local efforts to seek damages following the massive destruction of value at Steinhoff.
The fisheries group will report lower first-half HEPS due to acquisitions costs and the dilution of its shares.
he mining group has agreed to pay ADR holders $50 million with no admission of liability.
The network operator says the US’s decision to re-impose sanctions on Iran may limit its ability to repatriate cash from MTN Irancell.
The packaging group says Paper benefited from a good citrus crop, while Plastics were impacted by lower sales of preforms, crates and jumbo bins
The miner and commodities trader plans to create value for shareholders through distributions and share buy backs.
The construction group said the prospects of implementing a transaction were limited due to recent events.
The tile and sanitary ware group’s results will include a bigger contribution from Ceramic and Eeze after it increased its stake in the companies.
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A recovery at Ecobank Transnational has more than compensated for a slowdown in earnings growth at Nedbank’s SA operations.
The dairy and drinks group has tripled its FY profit thanks to a mix of management interventions and better weather.
The junior coal miner is focusing on assets that will accelerate its growth plans.
The bank says its performance was in line with guidance and should be considered against the tough macro backdrop in SA.
After last year’s record dividend after paying down its debt, the ferrochrome producer says it remains committed to maximising returns to its shareholders.
The platinum producer says without significant supply cuts from loss-making mines, there’s limited scope for prices to rise.
The paper and packaging group has benefited from strong demand and rising prices as more consumers go online.
The gold and platinum miner has benefited from a stronger operational performance and higher PGM prices.
The motor and logistics group expects to report a sharp rise in profit from continuing operations.
The logistics group says ASM will expand its global presence and give it better control of the supply chain.
Mineral Resources Minister Gwede Mantashe says the “reckless” platinum producer has broken its agreement to stick to Section 52 of the MPRDA.
The life assurer has taken a number of measures to improve the value of new business coming onto its books and lift its overall performance.
The stock exchange operator is introducing more favourable pricing and better services as new entrants take it on.
The Takeover Special Committee has overturned a ruling by the Takeover Regulation Panel that allowed M&R to proceed with an offer.
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It’s the second time in as many months that the group’s Web Gemstone Mining business has been overrun by a mob.
The steel producer benefited from better global steel prices and higher volumes even with local consumption at a nine-year low.
The global resources group has sold the last of its thermal coal assets tied to Eskom to a group led by Seriti Resources.
The German real estate investor says it continues to have significant financial resources to make more acquisitions.
CEO Nick Holland says the deal bolsters Gold Fields' presence in Ghana, adding a “great camp with long-life, low-cost production”.
The former Altron CEO and chairman is retiring as a non-executive director at the end of the month 53 years after founding the business.
The air and gas-handling equipment supplier doesn’t expect any improvement in capital project spend in South Africa in the short term.
It is time to get serious about what works and what doesn't in international economic relations - and to understand what works, and what does not....
The mass retailer and wholesaler still expects earnings for the half year to end June to be down on last year.
The industrial group remains on track to unbundle its automotive division Motus by the end of the year.
The aluminium products producer says new US tariffs have been net positive for the pricing of its general rolled products.
The consumer and commercial electronics group says its 2018 results present a solid base from which to grow.
The restaurant group says a shift in its promotional strategy has improved margins at its Spur restaurants, at the expense of short-term sales.
The net returns of the sale of the group’s onshore US shale assets are expected to be returned to shareholders.
The ruling questions the role of labour brokers once the workers they have placed become permanent employees.
The electronics group has revised an earlier update as it returns to profitability.
A rise in third-quarter sales and a higher price for PGMs left the platinum producer with more cash on its balance sheet.
It has turned into a brutal reality check for Facebook.
The shopping centre owner says CEO David Fischel will step down once his successor has been found despite Hammerson deal not progressing.
A fall in US volumes resulted in the global brewer missing sales forecasts, while SA volumes were also down.
Reynolds contributed approximately 40% to the tobacco giant’s revenue and profit from operations, partially offset by a forex headwind.
Although the group’s managed operations have performed in line with expectations, its earnings will get a kicker from Ecobank’s turnaround.
The purchase of German’s Schirm and local tar maker Much Asphalt had a 10% positive effect on headline earnings.
The group as been negatively affected by the rand’s strength at the beginning of the year, as well as metal price lag.
The waste management company expects first-half HEPS to be as much as 45% up on a year ago.
Subsidiary Castellana Properties listed on the junior market of Spain’s stock exchange by way of introduction.
The group has impaired its Green Cross business by a further R108 million but says operational changes made during the year should help.
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The iron ore producer has maintained its payout despite logistical constraints, a stronger rand and a softer iron ore price.
The network operator added 2.5 million new customers in the June quarter, with most of them in South Africa.
The shopping centre owner is refining its strategy to deal with an “unusually turbulent retail backdrop" in the UK.
The private schools group expects first-half HEPS from continuing operations to be as much as 24% up from last year.
Unitholders in the property investor will receive one share in new L2D for every unit held.
The gold producer has beaten its annual production guidance by 4%, helped by its acquisition of Moab Khotsong from AngloGold Ashanti.
The platinum producer has paid its first interim dividend since 2011 following a restructuring of its operations.
Barrick Gold president Kelvin Dushnisky will replace Srinivasan Venkatakrishnan, who’s off to Vedanta Resources to replace Tom Albanese.
The group says its performance has been underpinned by higher volumes and a rising oil price, but it has been hit with impairments.
The retailer will report flat to weaker sales for 2018, due to challenging conditions for consumers in SA and the UK.
The retail conglomerate says Steinhoff Europe and Steinhoff Finance have established a positive going concern prognosis having bought time with their lenders.
The bank plans to complete the operational separation from its former UK parent in 2020 as it rebrands across the continent.
The ICT services group says Van Coller has a solid track record and a strong background in corporate finance, investment banking and technology.
The retailer expects to report a loss for 2018 following an impairment of David Jones in Australia, while HEPS will be positive but lower.
The discount pharmacy chain says it’s on track to have 149 stores by the end of its financial year.
The group has until today to satisfy the remaining conditions for its lock-up agreement to become effective or it could face a reorganisation.
Excluding the impact of Minas-Rio, the global mining group grew second-quarter production by 6%.
Fourth-quarter production beat estimates, resulting in a record year for the world’s biggest mining group.
The property fund is buying a portfolio of four shopping centres which it may sell on to Spanish subsidiary Castellana.
The engineering group plans to incorporate a new offshore holding company, which will replace its current listing on the JSE.
The producer is expanding a programme started almost a decade ago to help develop the market for platinum group metals.
The stock and bond exchange operator says revenue has also grown despite intensifying competition.
The pan-African property investor expects its shares to start trading in London this month.
The platinum producer has sold operations that don’t meet its profit and cost hurdles, allowing it to resume dividend payments last year.
The group has sold a portion of future production to Wheaton Precious Metals in a deal that will improve its capital structure.
The telecoms operator says MTN Cyprus was its only operating business outside its core footprint of Africa and the Middle East.
The retailer needs clearance from the authorities in the Czech Republic and Slovakia so it can finalise the sale of Kika/Leiner.
The property investor says the removal of bridge tolls across the River Severn into Wales will boost demand for industrial accommodation.
The European property investor says it will focus on managing existing assets due to the uncertain business and political environment in the UK.
The group has closed its costly underground operations at Evander as it positions itself as a low-cost, long-life gold producer.
Although it has reduced its losses, DAWN’s auditors have questioned its ability to continue as a going concern.
The group has formed a board committee led by chairman Tony Hayward to oversee its response to the US Department of Justice.
The casual dining group is selling assets after recent results cast doubt on its ability to continue as a going concern.
The beleaguered retailer has to secure support by 20 July or it could face a reorganisation under Austrian company law.
Rebosis founder Sisa Ngebulana is leading a consortium that has bought a controlling stake in Anchor Stockbrokers.
The coal-focused group is disposing of its assets and reinventing itself as a producer of polymetallic concentrates.
The industrial group says raising its black ownership will be easier if it’s not a listed company and it will save on costs.
The platinum and chrome producer says it’s on track with its Vision 2020 strategy while acquisitions in Zimbabwe will deliver future growth.
Tsogo ultimately plans to unbundle its stake in Hospitality Property Fund to shareholders.
The retail group has obtained a court interdict preventing the former management of the footwear retailer from interfering with its IT systems.
The German group has accumulated over 25% of Aveng’s shares which it may use to try and block a merger with Murray & Roberts
The gold producer says it’s aiming for production of up to 350 000 ounces a year at all-in sustaining costs of $900 per ounce.
The platinum producer is paying JV partner Anglo American Platinum R1.86 billion for its 33% stake in the mine.
The group has hired Citibank to buy back up to $1 billion of its stock by the end of the year.
The property group says it’s focusing its industrial portfolio where it sees future opportunities.
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The lighting business would fit with ARB’s Eurolux subsidiary but the deal needs Competition Commission approval.
The US Justice Department wants access to documents related to its business in Nigeria, the DRC and Venezuela dating back to 2007.
The SARB is reported to have asked the credit Regulator to take a closer look at the fees on the bank’s discontinued multi-loan product.
The gold and platinum miner has revised its SA gold production 6% lower due to a number of safety-related incidents at its mines.
The precious stones miner believes the perpetrators may have been spurred on by a faction seeking a portion of the mine’s licence.
The media and printing group has sold non-core Consolidated Steel Industries to Macsteel Service Centres.
The casual dining chain has taken steps to improve its financial position and may sell one of its subsidiaries.
The construction and engineering group has been cutting costs and rationalising its operations as it focuses on improving its capital position.
The private education group has finalised its purchase of Baobab primary school in Botswana.
The building and construction group says battlements have hampered the implementation of construction projects.
The retailer has agreed on the key commercial terms of a restructuring plan and is trying to finalise a lock-up agreement with creditors.
The restaurant group says Nikos Coalgrill Greek has the potential to expand to around 50 outlets over the next few years.
The company is reassessing the potential for Moranbah South in Australia after it could raise high enough offers for a sale.
Bernstein Liebhard has filed a suit on behalf of shareholders after the company’s share price fell in response to deaths on its mines.
The retail group has deployed an interim management and support team after management at the footwear chain walked out.
The digital technology solutions provider has restructured its operations to take advantage of the digital revolution and the Internet of Things.
The IT services group is preparing to appoint a new CEO of its holding company as it separates into two operating units.
If creditors don’t extend their debt standstill arrangement beyond Saturday its European business faces reorganisations procedures in Austria.
The business tycoon sold a 2.9% stake in the retailer as part of a delta hedge to protect him from share-price movements.
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The investment group is paying close to R4 billion for the fashion and footwear chain.
The group’s agriculture businesses were the stand-out performers last year as Zimbabwe, Australia and Brazil all delivered.
The company has come full circle since its demutualisation and international expansion drive almost two decades ago.
The coal miner says its operations are now close to its near-term target of 8 million tonnes a year run of mine.
The iron ore producer says earnings have also been affected by a high number of derailments on the Sishen-Saldanha railway line.
The healthcare group has ruled out any form of capital raise as it reviews its capital structure.
The wealth management business started trading yesterday ahead of Old Mutual Ltd’s listing today.
The embattled retailer will get up to €490 million for the property assets but next to nothing for the operating businesses of the Austrian retailer.
AngloGold Ashanti will proceed with the redevelopment of Obuasi while Gold Fields will boost its Ghanaian portfolio with a stake in Asanko
The internet and media giant plans to reinvest the proceeds from the Tencent stake sale into growing its e-commerce empire.
If you’re an Imperial shareholder you’ll get shares in the unbundled automotive division when it lists later this year, giving you more choice.
The digital technology solutions provider has been shifting direction, which it expects to affect short-term earnings.
The construction group expects to report a bigger full-year loss due to the Northern and Western Aqueduct pipeline projects.
The bill is aimed at narrowing the gap between the 10% of the population that can afford private healthcare and those who can’t.
The steel producer says if the deal had been in place last year, its headline loss would have been 11.1% lower.
After year’s of acquisitions, the property fund plans to reduce its loan to value towards its 35% target range.
The gold and platinum miner has reported 20 deaths on its mines since early February despite rolling out a revised safety strategy last year/
The bank says Mercantile would complement its existing financial services offering.
The investment group says it will keep the carrying value of the UK women’s fashion chain at zero until its turnaround shows results.
ATON said the outcome of the vote was heavily influenced by a major conflict of interest.
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Capitec is one of a number of parties interested in buying Mercantile as it expands its services.
The group is still planning an offshore listing to make it easier to access international debt and equity funding.
The life assurer says there’s no evidence yet that any customers have suffered any financial losses due to its systems being hacked.
The impairment of its DRC assets detracted from a strong performance from the cement producer, with profit more than doubling.
Shareholders will be asked for their approval for the group to pursue a takeover of Aveng.
The company has opted for business rescue after banks refused to provide bridge funding, leaving it in financial distress.
Steinhoff is selling its Austrian business to property group Signa after it failed to secure support from creditors, suppliers and credit insurers.
The cement producer says infrastructure projects in the DRC are on hold, leading to an oversupply to the local market.
The investment holding company says it has a strong pipeline of investment opportunities yielding above target investment returns.
The group has provided a further R400 million against a potential tax settlement as it continues to barter with the Receiver.
The mining exploration and energy company is positioning itself as a strategic regional electricity supplier.
The Japanese company will pay $600 million to increase its stake in the copper project to 40% from 18.1%.
The industrial manufacturing group says Regis will subscribe for shares on the proviso that it introduces a B-BBEE partner.
The company has led a consortium of black investors that will buy Viking Fishing in a deal valued at R885 million.
The financial services group says the higher capital requirement of its securities businesses are out of kilter with its other divisions.
Glencore and state-owned Gécamines have sorted out their differences over a massive capital shortfall at their DRC joint venture.
The construction group’s shares started trading ex-entitlement to its R500m, 10c per share rights issue yesterday.
The media and internet group expects full-year EPS to be as much as 390% higher, while HEPS will be up by 70% to 75%.
The cigarette maker claims to be outpacing the industry growth but the stronger dollar is weighing on profit growth.
The self-storage REIT says it has the capacity to make more acquisitions in SA and the UK.
Shares in the casino and fast food group jumped as much as 11% after it said it had appointed Colin Priem as its new FD.
The group has sold its Iberian Caterpillar earth-moving equipment business to Italian group Tesa for an initial payment of €142 million.
Competing bidder for the licence submitted a higher economic offer which wouldn’t have delivered acceptable returns.
YeboYethu shareholders will receive a R3 billion special dividend, equal to R67.28 per share.
The financial services group says it’s met its 2020 savings target two years ahead of schedule.
The electronics group will report a full-year profit after a turbulent few years of losses.
The print and packaging group has closed a plant and decommissioned printing presses after Media24 renegotiated its printing agreement.
ATON maintains that merging M&R with Aveng would benefit Aveng’s bondholders at the expense of Murray’s shareholders.
The unit traded at its weakest in six months on Friday as investors dumped emerging-market assets for US dollars and treasuries
The industrial group says its local operations have delivered a solid performance for the 10 months to end-April despite weak economic activity
The property group is changing its distribution policy in line with its new UK REIT status as it prepares to list on the LSE.
The support from the majority of the group’s creditors will stave off insolvency proceedings against the beleaguered furniture retailer.
The energy and resource company says the project will help position it as a leading regional energy player.
The gold producer will use proceeds to pay part of the bridge loan it raised to fund its Moab Khotsong acquisition.
The platinum producer has secured mining tenure over two parcels of land for the life of mine of its operations in Zimbabwe.
The life assurer says it will issue 5% more shares later this year to boost its empowerment credentials.
The construction group will offer investors new shares at 10c each, regardless of whether a merger with Murray & Roberts goes ahead.
The group, which was unbundled from enX, is exiting its mining contracts as it transforms itself into an alternative investment fund.
Shares in the tertiary education group shot up 20% after it updated the market on student numbers and outlined plans for a new Durbanville campus.
The luxury goods group has sold luxury handbag maker Lancel to Piquadro and has bought Watchfinder.co.uk.
The property fund expects earnings to decline marginally due to once-off lease adjustments and asset disposals.
The retail group says it’s been advised that there’s no reasonable prospect of its being held liable for an earn-out deal.
If the deal goes ahead, Metair says it will make it a key player in the global energy solutions market.
The retailer has normalised its dividend payout as its earnings recovered after last year’s blip.
The inclusion of Alliance Medical’s earnings for the full six months led to Life Healthcare’s profit more than doubling.
The contract services group has grown its Security and Risk Solutions business through a number of deals last year.
The telecoms and fintech group says acquisitions made last year have opened it up to new growth opportunities.
The property group plans to buy back up to 4.99% of its own shares as it says they trade at a big discount to NAV.
Shares in Aveng jumped 36% yesterday after Murray & Roberts said it planned to discuss the merits of a merger with ATON.
The fast food and luxury goods group has reported wider losses as it invests in rolling out Domino’s and Starbucks outlets.
Almost a third of Spar’s turnover is generated in foreign currency and the rand’s depreciation against the euro helped boost first-half earnings.
The short-term lender says there are big opportunities in the $46 billion per year US alternative financial services market.
The real estate investment trust is experiencing strong deal flow and seeing the benefits of the operating infrastructure it has created in Spain.
The packaging group still plans to sell its glass business and expects to conclude a deal by the first half of next year.
The retailer says the fall in Steinhoff’s share price meant the risk of liability on its third-party guarantees could no longer be considered remote.
Aveng says merging with M&R would be in the best interests of shareholders and it’s continuing to pursue a deal.
While its foundation business experience a tough year, it was supported by its metals recycling operation.
The offer price values MTN’s Ghanaian operation at about R17 billion.
The bank that was formed out of ABIL’s good assets has reported a drop in credit impairments as it focuses on lower-risk customers.
ATON has also been told to make a mandatory R17 per share offer to Murray & Roberts’ shareholders.
The sale price implies that ArcelorMittal SA’s stake in Macsteel International is worth more than its entire market capitalisation.
The sugar producer faced unfair competition from imports after the government failed to put proper safeguards in place.
The telecoms group invested R7.9 billion in capex last year as it grows its mobile and fibre network.
The ICT and electronics group says there’s been an unprecedented reduction in demand from SOEs and municipalities.
The rand’s strength at the beginning of the year and so-called metal price lag will more than halve Hulamin’s first-half earnings.
The fund manager says the market for virtual currencies is evolving at a rapid pace, attracting both domestic and international flows.
The German group has bought more shares in Murray & Roberts at R17 each and is now obliged to increase its offer to minorities.
The African retail giant says it will report lower first-half earnings after making provisions to deal with Steinhoff’s collapsing share price.
The group expects to report a fall in earnings before interest and tax due to flat sales and an organisational restructuring.
The group says the factories where its value-added meat products are made will be closed for most of the remainder of its financial year.
The group believes that its long-term investment strategy in the UK was sound and that Gourmet Burger Kitchen will add value in time.
Conditions for the private hospitals group have improved in the Middle East but Switzerland is now in need of resuscitation.
The retail group says consumer and business confidence have been hampered by economic and political uncertainty, here and in the UK.
The Africa-focused retail giant raised R18 billion in new financing from local banks and will use R2 billion to fund its operations.
The furniture retailer expects sales to continue improving, helped by a favourable court ruling on affordability assessment regulations.
The hotel and casino operator says its underlying operations remain highly geared towards the SA consumer and the corporate market.
Reinet says it continues to take comfort from BAT’s underlying financial results, dividend flows and future prospects.
The real estate investment trust has restated its half-year numbers after taking legal advice on how to account for its education trusts.
The rand’s strength this year combined with the ongoing drought in the Western Cape and its Ma Baker acquisition have eaten into first-half earnings.
The retailer has streamlined its management structured in Australia and discontinued the role of regional CEO after a poor performance from David Jones.
The group has reported a much improved operating result but had to impair the value of its container fleets resulting in a net loss.
The direct-response retailer says it will also re-enter the international market but it will take time to achieve a return on its investment.
The branded food producer has reported a strong rise in first-half earnings as an unfavourable maize position worked itself out of the system.
Strong commodity prices have resulted in more demand for Caterpillar equipment in the global mining aftermarket.
The real estate investment trust plans to integrate recent acquisitions and extract maximum value from its existing portfolio.
Murray’s biggest investor won't back a planned merger with Aveng, saying management is putting its interests ahead of other stakeholders.
The group says it needs to sort out its liquidity situation urgently and that its retail operations remain profitable at an operating level.
The luxury goods group says its approach to the grey market remains uncompromising as it moves to protect its brands.
The life assurer says its focused on restoring its retail business and improving STANLIB’s investment performance.
The sugar producer says import duties weren’t applied property by the authorities, forcing it to export excess production.
The restaurant group will account for impairments and provisions of R4.6 million against its investment in the upmarket UK burger chain.
Credit exposures represent a small portion of the bank’s balance sheet and it doesn’t expect to suffer any losses on these exposures.
Headline earnings at the construction group were higher last year but massive impairments massacred operating profit.
The minibus taxi financier and debt collector says its medium-term growth objectives could be beaten as the economy recovers.
The FinTech company has reported its first full-year results since acquiring a number of businesses, declaring a maiden dividend of 4c per share.
Despite challenges, including volatile exchange rates, the food services group says most regions have traded positively and Europe’s been "excellent".
The paper and packaging group says higher selling prices have offset rising operating costs and the impact of maintenance shutdowns.
The transport and logistics group says it has embraced changing consumer patterns and new technology as an opportunity to stand out.
The ICT group says while it expects an improved second-half, it's unlikely to meet expectations in last year’s pre-listing statement.
Positive conditions in Australia and New Zealand and strong foreign capital flows are creating opportunities for the Investec Australia Property Fund.
The fund says the positive shift in business and consumer sentiment isn’t likely to results in higher growth rates in the short term.
The container group expect to report a loss for 2017 due to different accounting standards in SA to the US.
The affordable housing developer says a joint venture with Afhco has also created an anomaly in its financial statements.
New regulations will limit the group’s ability to charge higher out-of-bundle rates for data.
The hospitals group says the decision to exit the UK will leave management focused exclusively on its SA operations and other emerging growth opportunities.
The platinum producer says a takeover by Sibanye-Stillwater will create a more resilient company that is better able to withstand short-term volatility.
The group is looking for more opportunities to increase its capacity for dissolving wood pulp due to strong demand and positive markets
The steel producer claims that low standard gauge imports are being used in the informal roofing market.
Market analysts say they don’t view Steinhoff as investable due to a lack of visibility on its net asset value, earnings and cash flow.
The digital technology solutions provider is positioning itself for growing digitisation of the economy
Apart from former CEO Markus Jooste, the retailer is considering action against some of its former executives, including reclaiming their bonuses.
Nedbank expects to book a profit from its pan-African associate after last year’s losses weighed on its performance.
The group says it plans to pay its first dividend in three years after making progress with its restructuring process.
The technology group will only include half-year numbers from Westcon Americas in its full-year results after selling the business.
The logistics-focused property fund says there’s strong demand in SA and the UK for modern logistics facilities as e-commerce takes off.
A number of once-off non-trading items will result in a surge in first-half earnings per share and a slump in headline earnings.
The cellphone operator still has €200 million in dividends and loans in Iran which may now be frozen under fresh US sanctions.
After a spate of acquisitions since listing last February, Long4Life sits with R1.7 billion in cash on its balance sheet.
The global brewer has lost SA market share in the mainstream segment but is aiming for more of the premium market.
The tech and media group has sold its stake in the Indian eCommerce company for $2.2 billion after investing $616 million.
The hotel and gaming group is launching a rights offer partially underwritten by activist shareholder Value Capital Partners.
The gold producer has sold off most of its South African operations, helping to reduce by 14%.
The Caterpillar dealer says more favourable commodity prices and increased mining activity are boosting demand for its equipment.
The property fund has declared a first-half distribution of 4%-5% in line with market guidance.
The real estate investment trust has lifted its interim distribution by 5.5% but says growth rates need to double for the market to flourish.
The roads and construction group says its order book from SANRAL and local government has shrunk as spending dries up.
The group says improved consumer confidence, a better harvest and an expanded store network should result in stronger revenue growth.
Grindrod Shipping will leave berth in a month’s time, with current Grindrod shareholders receiving one GSH share for every 40 Grindrod shares.
It says the offer requires shareholders to respond without knowing the ratio of cash to RAC preference shares they might get.
In the short to medium term, the direct impact of higher import tariffs is likely to be neutral as there is little available capacity.
Analysts say the discount pharmacy chain’s full-year earnings don’t justify its lofty market valuation.
The food producer just met its IPO goal while Consol held back when it couldn’t raise the targeted R3-R3.5 billion.
RECM & Calibre plans to take advantage of Astoria’s NAV discount and will implement its own capital allocation framework at the group.
The mobile operator says it’s assessing both the impact and contingent planning given its exposure to ZTE in its networks.
The gold and platinum miner is cutting back R550 million in capex this year as it defers non-essential spending.
The poultry producer has forecast a massive rise in first-half earnings as the winds turn for the industry.
Mining companies have agreed on compensation for workers who contracted lung diseases on their mines.
The gold miner has raised its production guidance for the year to 1.18 million ounces from 1.1 million due to the inclusion of Moab
Jannie Mouton, founder and former CEO of PSG Group, says he’ll stay on as non-executive chairman despite being diagnosed with an early form of dementia.
The proceeds from the sale will enable Orion to progress bankable feasibility study work on the Prieska Zinc-Copper Project in South Africa.
The JSE has given Trencor more time to produce its 2017 financial results, which have been delayed due to onerous reporting requirements.
Results from the poultry producer will be even better than previously anticipated due to a strong couple of months in February and March.
A Democratic Republic of Congo Court has frozen the assets of Glencore subsidiaries over close to $3 billion in unpaid royalties.
The JSE’s All Share Index declined 6.8% in the first quarter of the year, impacting shareholder investment returns.
The paper and packaging group has bought an Egyptian industrial bag maker, giving it a leading position in that country.
Alliance Medical has been included in Life’s results for the full six-month period compared with just over four months last year.
The retailer’s operations in the North West turned profitable, with a surge in earnings.
The embattled construction group is proposing a R1.8 billion rights offer - more than four times its current market value.
World sugar prices have been under pressure and importers have been taking advantage of a lack of duty protection in SA.
The former Steinhoff chairman is claiming R59 billion from the retailer due to transactions entered into in 2015 and 2016.
intu says it will withdraw its recommendation of the transaction and will release Hammerson from all its obligations pertaining to the acquisition.
The real estate investment trust says it’s seeing an increased opportunity for real estate owners to become high-quality service providers.
The glass manufacturer says it’s decided to cancel IPO as it wouldn’t achieve its valuation objectives in the current environment.
The gold producer has cut production targets for its South African mine due to labour and equipment issues.
The bank says asset growth has been slow in South Africa and at its operations across the rest of the continent.
The suspension of operations at the Brazilian iron ore mine will cost Anglo $300-$400 million in earnings this year.
The telematics group believes it can continue growing subscribers and revenue growth in the double digits for the foreseeable future.