- News Home
- Dealmakers
- SENS
EPP remains cautious despite recovery
The Polish property group has held back on an interim dividend and may dispose of assets to strengthen its balance sheet.
The pharmaceuticals group has appointed advisers as it accelerates the disposal of asset to reduce debt.
Calgro warns of wider loss due to Covid-10
After returning to profitability in the second half of last year, the property developer says Covid-19 impacted its performance this year.
Netcare adopts more nuanced Covid approach
The average length of stay for Covid-19 patients requiring a critical care bed has fallen to about six days after peaking at 17.
The car dealership and rental group says its operations were closed at the height of the lockdown as they were not essential services.
After idling the furnace in July, the steelmaker says demand has recovered faster than expected.
The private equity investor took a stake in Brait just before Covid-19 resulted in the closure of gyms and non-essential retailers.
Liberty Two Degrees reports improving conditions
The mall owner says footcount at its Eastgate shopping centre is almost back to the same level as last year.
Remgro feels the impact of Covid-19
The investment holding company says the pandemic impacted the earnings of the companies in its portfolio.
Alviva supported by home workers
The ICT company has seen healthy demand for its products and services due to remote working requirements.
Hammerson wraps up capital raise
The London and JSE-listed property development and investment company says the vast majority of shareholders took up their rights.
RMI holds back on dividend as insurance
The investment holding company says its position will be dynamically assessed over the coming months.
Famous Brands writes off the rest of GBK
The group will report an interim loss due to operational losses and the final impairment of its GBK burger investment.
EPP may sell assets to reduce debt
The Polish landlord is not paying an interim dividend and is planning disposals to bring down its loan to value.
Ailing Advanced Health to sell hospitals
The hospitals group has put four SA businesses up for sale and received an offer for the others.
Investec Property Fund goes ahead with dividend
The fund is in a stronger position after selling Belgian properties and an interest in its Pan-European logistics portfolio.
Texton mulls new distribution policy
The property fund says it will take advantage of a two-month extension before deciding on its final payout for the past year.
Resilient Fairvest sticks to distribution
The shopping centre owner says its focus on lower-LSM markets in non-metropolitan areas shielded it from the worst of the lockdown.
Covid-19 scuppers Grand Parade
The investment group says the pandemic eroded all the gains it achieved in the first half of the year.
Trellidor encouraged by sales recovery
The security gate, shutter and blinds company says it lost an entire month of sales during the Covid-19 lockdown.
Attacq brakes on dividends due to Covid impact
The real estate investment trust says it will consider a final dividend next year, conditions permitting.
Sweet outcome for Tongaat Hulett
Independent expert Rothschild and Co. says it is reasonably likely that Tongaat Hulett Starch will meet a key profit hurdle.
Ascendis flags narrower losses
Results for last year have been restated after the sale of Remedica fell through but it has continued with its disposal programme.
Adcorp takes a cut in Dare disposal
The staffing and training group has sold the Australian business for a fraction of what it paid five years ago.
Sasol still shaken by Hurricane Laura
Much of the Lake Charles area has been without power since Hurricane Laura made landfall late last month.
Hulamin dented by falling beer and car demand
The aluminium products manufacturer says turnaround action taken last year has softened the blow.
AngloGold reinstates guidance, albeit lower
The gold producer has lowered its full-year forecast after some mines in Argentina, Brazil and SA were closed during the lockdown.
Arrowhead makes progress with disposals
The real estate investment trust says its sales programme has beaten expectations, as has the collection of rentals in arrears.
Caxton swings to a loss due to Covid
The publishing and printing group says due to an uncertain trading future, its board has yet to decided on an annual dividend.
SPAR trading under surreal conditions
The wholesaler and retailer has benefitted from strong sales in Switzerland and Ireland and the weaker rand.
The banking group has faced reduced economic activity, volatile markets, declining interest rates and a weaker rand.
Telkom reports mixed impact from Covid-19
The telecoms group says demand for mobile data has helped push it into number 3 position in the mobile market.
RMH expects property sector to remain tough
Due to the uncertainty around the duration of the Covid-19 pandemic, it cannot forecast the impact on the value of its property investments.
Hulamin to report biggest losses due to Covid-19
The aluminium products manufacturer says local and export sales declined due to the pandemic, while its factories were also affected.
EPP still considering interim dividend
The Polish real estate group says interim distributable income will be up to two-thirds lower as it remains focused on retaining maximum liquidity.
Woolworths expects no respite for now
After a tough second half, the retailer says the trading environment will remain challenging and uncertain for the foreseeable future.
Hyprop guides on lower earnings
The shopping centre owner says it is considering different options to settle its interim dividend and the declaration of a final distribution.
OneLogix holds dividend as profit declines
The niche logistics group has laid of 5 percent of its workers as it right-sized its business.
Blue Label bids adios to Mexico
The company is selling its non-controlling interest in Mexico as its focuses on its local distribution businesses.
Discovery reveals the impact of Covid-19
The financial services group has held back on a dividend and says payments will only resume when appropriate.
Motus withholds dividend as car sales stall
The automotive group says it will reassess the resumption of payouts this year depending on its trading results.
Record dividend as Pan African cashes in on higher gold price
The mining company has beaten full-year production guidance despite the impact of Covid-19 on its operations.
The investment group says members are returning to its Virgin Active gyms while food group Premier has had a strong first half.
Mpact declares force majeure at Springs operation
The paper and packaging group says the impact on earnings remains uncertain as it waits for power to be restored to its paper mill.
Harmony targets higher production
The gold miner says the acquisition of the Mponeng mine will help lift production in the year ahead.
ARC Investments plans rights issue
Funds raised will be used to pay for existing and new investments and settle an outstanding fund management fee.
The investment company says most of its underlying investments have been affected by the Covid-19 pandemic.
Covid-19 dents Transaction Capital growth record
The company will report a decline in earnings but says the taxi industry has rebounded and it expects benefits from WeBuyCars.
PPC falls as adds asset sales to a possible rights issue
Its shares fell sharply after it said asset sales are also on the cards as its battles to reduce debt.
Load shedding proves a drag on TFG
Adding insult to Covid-19 injury, the retail group has lost about 15,000 trading hours due to load shedding.
Bidvest delivers credible performance
Incoming CEO Mpumi Madisa will take the reins as the services and trading group recovers from the impact of Covid-19.
Metrofile increases dividend after resilient performance
The documents storage business, which is the target of a proposed takeover, says it has benefitted from annuity income streams.
Astral claims limited Covid-19 impact
Operating profit and headline earnings will be lower due to additional costs and the impact of the lockdown on chicken prices.
Harmony gets green light for AngloGold mines
The Department of Mineral Resources and Energy approved the transfer of the West Wits mineral rights to Harmony with no conditions.
Jubilee Metals gets Zambian licence renewed
The metals processing company says it will be in the position to produce its first copper concentrate within three months.
Grand Parade’s losses widen on Covid-19
The investment group has accelerated the sale of non-core assets in response to the pandemic.
RMH devalues property investments
The investment company says Covid-19 has had a big impact on valuations of its property in SA and Europe.
Afrox cushioned by stable healthcare demand
The gases and welding products group has reported lower volumes after sales were impacted by the Covid-19 lockdown.
Sasfin to report a loss due to provisions
The bank and financial services group says it has focused on ensuring a strong balance sheet to withstand further shocks to the economy.
Anglo sees sparkle return to De Beers
The diamond producer has reported a recovery in demand for diamonds as sentiment improves and lockdown conditions ease.
The fintech and payments group says it has begun reinvesting in its SA operations, with demand returning since the lockdown was eased.
Bidvest warns of Covid-19 impact
The industrial services and trading group has booked a number of impairments and additional charges as it right-sized its operations.
FirstRand takes Covid credit knock on the chin
The banking group says activity levels are expected to remain muted for now, but it is positioned for a recovery when things normalises.
Most challenging period for Sanlam
Covid-19 turned the tables on what started out as a positive year for the insurance group.
Harmony to report a loss despite higher gold price
While sales benefitted from the higher rand gold price, the weaker rand impacted dollar borrowings and the value of its gold hedges.
Balwin impacted by construction lockdown
The residential property developer says it lost about three months of construction activity as a result of the lockdown.
Zeder CEO quits amid strategy shift
Norman Celliers, who was instrumental in rationalising its investment portfolio, leaves at the end of the month.
Cautious Growthpoint holds back on dividend
The REIT deferred its decision on a final dividend until later this year as a precautionary measure to provide additional financial flexibility.
Momentum Metropolitan misses target due to Covid-19
The insurance group maintains its Reset and Grow strategy has placed in it a better position to manage the impact of the pandemic.
Sabvest fares better than expected
The investment company expects a recovery in most of its underlying investment companies next year if there are no further lockdowns.
Alviva warns of lower earnings
The ICT products and services group says it has focused on maintaining and improving equity to ensure its sustainability.
No dividend as Aspen gets debt down
Following a number of disposals, the pharmaceuticals group says a reshaping process is complete.
Mustek relatively unscathed by Covid-19
The ICT group says there was increased demand for its products and services as more people worked from home.
Shoprite beats the recession blues
The supermarket giant has grown volumes as it increased its share of the local grocery market.
Aspen rallies on European thrombosis sale
The pharmaceuticals group says the deal supports its strategy to earn more of its revenue in emerging markets.
Impairments push Merafe into a loss
The company has held back on an interim dividend to focus on capital management and cash preservation.
Labat feeds its growing weed business
The investment group is negotiating to buy a cannabis cultivation operation in the Eastern Cape as it grows its medicinal cannabis business.
AVI benefits from snacking during lockdown
Due to healthy cash generation and an expected recovery in businesses affected by the lockdown, the company has declared a final dividend.
Metrofile rallies on trading statement
The documents storage business will post a strong rise in headline earnings but a basic loss for the year to June.
Capitec warns of Covid earnings hit
The bank has been impacted by rising credit impairments and a decline in transaction volumes as a result of the lockdown.
Brait marks down Iceland price tag
The investment group is giving the buyers a rebate in return for full payment almost two years ahead of schedule.
Kibo acquires new power project
The energy group is acquiring power plants to take advantage of the fast growing reserve power market in the UK.
Covid-19 takes a heavy toll on Bell
The equipment maker and distributor has also announced changes to its arrangement with shareholder John Deere.
Luxe Holdings flags narrower loss
The company, formerly called Taste Holdings, attributes the improvement to dilution following a rights issue in February.
Putprop increases dividend as conditions deteriorate
The property investment company says trading conditions will remain challenging, constraining capital and dividend growth in the sector.
C&R withholds dividend as earnings tumble
Due to the current level of uncertainty, the shopping centre owner says it will not resume dividends until market circumstances improve.
Encouraging support as MC Mining receives funding
The company is making progress in securing the balance of Phase 1 funding for its Makhado Project following lockdown delays.
Telkom scotches rumours of rights issue
The telecoms operator says an amendment to its resolutions was not an expression of its intention to issue more shares.
Big dividend as Implats posts record earnings
A strong operational performance combined with rising metals prices helped offset the impact of Covid-19.
Santam counts the cost of Covid-19
The insurer has reported a decline in its underwriting margin due to Covid-19 related claims, partly offset by benign motor claims.
Truworths pays dividend despite Covid losses
Despite more hefty impairments, Truworths is providing more funding to Office and says it is committed to turning the UK chain around.
City Lodge withholds dividend after challenging year
With almost all its hotels closed, the group earned practically no revenue in the final quarter of its financial year.
While the group missed out on restaurant trade during the lockdown, consumers bought more of its products to prepare food at home.
RDI cuts retail exposure with German disposal
The real estate investment trust says retail property now make up less than a quarter of its total portfolio.
Hammerson consolidates ahead of capital raise
The 24 for 1 rights issue will be highly dilutive for shareholders who do not take up their rights.
Strong response to Renergen LNG auction
With registrations completed, the emerging natural gas producer says allocations will be made following the end of the bid process in October.
Covid-19 has resulted in significant provisions at associates Momentum Metropolitan and Discovery.
Old Mutual defers dividend following Covid-19 hit
The insurer says it will revisit its decision at the end of the year once it has a clearer picture of the economy.
Cashbuild pays dividend despite tough conditions
The building materials retailer says the hard lockdown cost it an estimated R600 million in revenue.
Safe haven demand pays off for DRDGOLD
The gold company has raised its final dividend by 75 percent as it benefited from increased production and a higher gold price.
Pan African Resources flags big profit increase
The gold producer says headline earnings will be almost double those reported last year thanks to the higher gold price.
Transpaco unpacks earnings surprise
The packaging manufacturer says its plastics division beat expectations after suffering a three-month strike the previous year.
Ecsponent probes misappropriated loan
The company says its ability to service the facility has been impacted and it is trying to renegotiate terms with the lender.
ADvTECH passes 1st semester despite Covid-19
The private education and resourcing group says its schools division reported an improved performance due to measures taken before the pandemic.
Diversified portfolio cushions African Rainbow
The mining company says higher PGM and iron ore prices made up for a decline in manganese and thermal coal.
Life Healthcare in recovery mode
The private hospital group says revenue has recovered as it prepares for the resumption of elective procedures at its facilities.
Sasol reports limited damage from Hurricane Laura
The energy and chemicals group says it has insurance cover as its manufacturing facilities in Lake Charles remain closed.
Sun International reveals big Covid-19 loss
The hotel and gaming group says there will be no quick recovery to previous trading levels but it will continue to reduce debt.
Northam delivers record earnings despite Covid setback
The platinum producer says it has returned value to shareholders by buying back Zambezi preference shares.
Steinhoff encouraged by recovery
The retail group says its main trading subsidiaries are poised to gain market share due to their resilient and defensive discount offerings.
Grindrod Shipping navigates Covid storm
The shipping group says the pandemic has exacerbated an environment that has been challenging and volatile for the last several years.
MAS sticks to disposal plan despite Covid-19
The European real estate company says while the pandemic hampered disposals, it is proceeding with the sale of Western European assets.
Discovery hit by Covid-19, volatile rates
The insurer and financial service group says full-year headline earnings could be wiped out by the impact of Covid-19.
Distell displays Covid-19 hangover
The drinks group says it is working to make alcohol consumption safer as prohibition is a blunt instrument.
Massmart’s losses widen due to Covid-19
With sales under pressure, the retail and wholesale group racked up additional costs due to the pandemic and an internal restructuring.
Sibanye-Stillwater reinstates dividends on record earnings
The company says the outlook for the second half of the year is extremely positive as its local operations achieve optimal production.
The distributor of airtime, data and electricity vouchers says most of its products and services have been essential during the lockdown.
Grindrod remains resilient amidst pandemic
The freight, logistics and financial services group says its cash generation and balance sheet remain strong.
Resilient comes through with dividend
The real estate investment trust says it cannot provide any guidance for the year ahead due to the ongoing uncertainty.
Adcock not dispensing a dividend
The pharmaceuticals group says it prefers to adopt a prudent cash preservation approach until the full impact of Covid-19 is better understood.
Stadio makes progress with branding strategy
The tertiary education group says Covid-19 has created a shift in the perception and attractiveness of distance learning.
Murray hit by Covid-19 impairments
The engineering and construction services group says its exposure to natural resources positions it well for a recovery.
Bidcorp prepares for the new normal
The food services company says a majority of its customers emerged from hibernation and sales continue to recover.
Covid-19 bores into Master Drilling’s performance
The drilling specialist says many of the 23 countries where it operates imposed restrictions due to Covid-19.
Lewis declares dividend despite Covid-19 impact
The furniture and appliances retailer plans to open 20 new stores this year despite the lingering impact of the pandemic.
Italtile optimistic about its prospects
The tile retailer and manufacturer is paying a final dividend and plans to grow its store network in the year ahead.
Dis-Chem benefits from online shift
The discount pharmacy chain says Covid-19 has matured the e-commerce environment and consumer adoption by three to five years.
Imperial positioned for changing market trends
The logistics group has been impacted by Covid-related costs but says it is well positioned to capture new opportunities that arise.
Absa battered by rising bad debts
The banks says all its business units remain profitable despite the Covid-19 impact on credit impairments.
Old Mutual forecasts first-half loss
The group has booked a number of impairments in anticipation of rising death claims and the impact of Covid-19 on the economy and its business.
Aspen rises on potential Europe deal
The pharmaceuticals group has been selling non-core assets to reduce debt that has been worrying investors.
Famous Brands sells tashas back to founders
The restaurant group has not disclosed how much it received for returning the upmarket cafe chain to full family ownership.
Bidcorp warns of lower earnings
The global food services business suffered a big decline in fourth-quarter sales and has racked up additional abnormal costs.
Tongaat fined again for accounting fraud
The FSCA says the restated financial resulted have highlighted the gap that existed between prior public statements and the financial reality.
Sun International lets go of Latam Dreams
The group will use the $160 million from the sale of Sun Dreams to extinguish offshore debt in Latin America and reduce local gearing.
NEPI Rockcastle offers shares in lieu of dividend
The shopping centre owner wants to protect its balance sheet and liquidity due to Covid-19 fallout.
RCL suffers from restaurant closures
The food group will report a significant decline in headline earnings and a basic loss for the year due to hefty impairments.
Insimbi optimistic despite Covid-19 challenges
The metals recycler says it lost 7 weeks of revenue in its new financial year due to the hard lockdown.
Covid-19 masks Tiger’s recovery
The fast-moving consumer goods group will report a decline in full-year earnings as the pandemic added to its costs.
The group has booked some impairments as it may take two to three years to get back to pre-Covid-19 levels of activity.
Implats flags earnings bonanza
The platinum producer says a big increase in the dollar basket price for PGMs, together with the weaker rand, are behind the increase.
Nedbank warns of elevated impairments
The banking group says its credit loss ratio will remain above levels reached during the global financial crisis this year.
Standard Bank’s earnings fall as bad debts rise
The bank says risk remains high and should the outcome be worse than expected, additional provisions will be required.
Mr Price rings up lower sales due to Covid-19
The value retailer claims to have gained market share even as sales were impacted by the lockdown and the challenging economic environment.
Gold Fields benefits from new projects, rising gold price
Despite the recent rally, the gold producer says it continues to run and plan its business at lower gold prices.
Massmart’s interim loss tops R1 billion
Excluding the impact of Covid-19, the mass retailer and wholesaler said its losses for the period would probably have been smaller.
Santam to report lower earnings
The short-term insurer has been impacted by lower underwriting and investment results, as well as impairments.
Curro grows learner numbers despite Covid-19
While there has been a decline in enrolments since January, the private schools group is still showing year-on-year growth in learners.
Metair positioned for recovery
The group is focused on new model launches and has approved a big investment to support new vehicle projects.
Never a dull day at Office for Truworths
Following a big impairment last year, the retail group has written down UK chain by a further R2.8 billion.
MTN names Ralph Mupita as new CEO
Ralph Mupita has been CFO since 2017 and has played a critical role in developing and executing its strategy, capital allocation and financial performance.
Grindrod to report wider loss despite resilient performance
The freight, logistics and financial services group says cash generation remains strong, as does its balance sheet.
After a strong start to the year, the engineering and construction services group says Covid-19 contributed to a perfect storm.
Sanlam warns of Covid-19 impact
The insurer will book R7.8 billion in impairment charges after Covid-19 impacted the value of its international businesses.
BHP braced for a challenging year
The diversified resources group says it should still generate returns due to its diversified portfolio of high-quality assets.
PPC cements over cracks in its accounts
The cement producer has delayed the release of its annual results due to disruptions caused by Covid-19 and after restating its 2019 numbers.
Fortress warns of lower distribution
The real estate investment trust is tweaking its model so it can pay out less to A shareholders due to Covid-19.
Balwin to report lower earnings
The residential property developer held off on a final dividend last year due to uncertainty about Covid-19.
Resilient expects reduced payout
The real estate investment trust says it will stick to its dividend policy despite the impact of Covid-19.
Northam snaps up more Zambezi prefs
The platinum producer has now bought back close to half the preference shares issued to fund its empowerment deal.
Libstar supported by robust retail demand
The branded food producer will report a decline in interim earnings after it incurred extraordinary expenses as a result of Covid-19.
Sasol to pursue rights issue as impairments result in losses
The exact amount to be raised will depend on how much the energy and chemicals group gets from asset disposals.
Tiger Brands finds buyers for VAMP business
The group will dispose of its meat processing business in two separate transactions worth a total of R428 million.
Momentum Metropolitan warns of earnings decline
The insurance group says there has also been a data breach following a cyber attack on one of its subsidiaries.
Afrimat bulks up on iron ore with Coza acquisition
The construction materials and bulk commodities producer will acquire a 25 percent stake in Coza from ArcelorMittal as part of the transaction.
Master Drilling warns of lower earnings
The drilling specialist says many of the 23 countries where it operates imposed restrictions due to Covid-19.
Europa Metals rallies on new Toral estimate
The minerals exploration and development company has raised the resource estimate of its Toral project by 40 percent.
Impairments to push KAP into a loss
The industrial holding company will report a basic loss after Covid-19 and the weak polymer market resulted in impairments.
Sweeter results as Tongaat cleans up
The sugar producer and agri-business says the restructuring has better positioned it to ride out Covid-19.
Woolworths rings up lower earnings due to Covid
Apart from the impact of Covid-19, the retailer has also been affected by new accounting methodology.
Sibanye-Stillwater flags surge in earnings
After a strike at its gold mines last year, the precious metals producer will return to a strong profit thanks to higher metals prices.
Jubilee rallies on chrome deals
The metals processing company has secured material for its Windsor recovery plant while increasing its processing capacity.
Brait announces a new deal for New Look
The investment group said it is confident that a recapitalisation on top of steps taken by management will support the struggling fashion chain.
Record volumes and weak rand support Exxaro
The resources group has reported a strong increase in first-half earnings as a softer currency helped offset lower thermal coal prices.
PPC’s Ball sets refinancing in motion
The cement producer is negotiating a more sustainable structure for debt in the DRC and may pursue a rights issue.
Customers return to Famous Brands’ GBK
The restaurant group says the board of GBK is reviewing options available to the business after it cut off further financial assistance.
Redefine declares dispute over Mall of the South put option
Property investment and development company Zenprop plans to exercise its option to sell Mall of the South Property Development.
Peregrine buyout enters the final straight
Following Competition Tribunal approval, the private equity buyout still hinges on a couple of outstanding conditions.
Clicks ready to dispense dividend despite Covid-19
Although pharmacy sales have not fared as well, the group has reported a strong rise in retail and wholesale turnover so far this year.
FirstRand steels itself rising credit losses
The financial services group says an increase in credit impairments is largely to blame for an expected drop in earnings.
Absa warns of sharp earnings decline
The banking group says credit impairments were four times higher in the first half of its financial year due to Covid-19.
Harmony gets big boost from rising gold
The company says its operating free cash flow margin is likely to double following a 25 percent jump in the gold price.
Quilter makes it through its most challenging first half
The wealth manager says while it is used to managing through financial market volatility, the last six months were unprecedented.
Sephaku swings to a loss as infrastructure spending dries up
The building and construction materials group says Covid-19 could not have come at a worse time for the industry.
Impairments push Sasol into a loss
The energy and chemicals group says it was impacted by Covid-19 and a severe decline in crude oil and chemical product prices.
Exxaro aided by record coal exports
The diversified resources group says while the operating environment remained challenging, its managed operations were resilient.
Stadio weathers the Covid pandemic
The higher education group expects first-half core headline earnings to be as much as 30 percent higher than last year.
AngloGold set for strong annual payout
The gold producer has reported a big increase in free cash flow, assisted by a 26 percent year-on-year increase in the gold price.
The private schools group says first-half earnings were impacted by a R67 million impairment but recurring earnings will be higher.
Lewis raises impairments due to Covid-19
The furniture and appliances retailer says it lost out on sales and customer account payments in March as the lockdown took effect.
Richemont proposes new loyalty scheme
The luxury goods group plans to reward shareholders with tradable warrants after trimming its dividend ratio.
Strong support for Orion capital raise
The Australian minerals exploration and development company will use the proceeds from the share issue to advance its Prieska project in the Northern Cape.
Jubilee moves closer to copper target
The metals processing company has entered a JV that will accelerate copper production at its Sable Refinery in Zambia.
MTN hanging up on Middle East operations
The cell phone network operator says it is focusing its future strategy on its African markets, where growth has been strong.
Hammerson to reduce debt with rights issue, disposal
The shopping centre owner will ask shareholders for more cash to reduce debt and strengthen its defences against Covid-19.
Mondi rallies on dividend resumption
After a resilient first-half, the paper and packaging group resumed has dividends, recognising the importance to shareholders.
Glencore suspends dividends to cut debt
The mining and commodities marketing giant is prioritising debt due to the uncertainties presented by Covid-19.
No battle in RMI's bid for Hastings
RMI and OUTsurance plan to raise their stake in the UK insurer to 30 percent, with the option of an additional 10 percent.
Covid provisions push Liberty into a loss
The life assurer has set up a R3 billion reserve fund to cover increased mortality claims, withdrawals and lapse rates.
DRDGOLD lifts production but misses target
The gold producer has come in just shy of its full-year production guidance due to Covid-19 but has benefitted from a higher rand gold price.
Covid-19 and power cuts decimate Mpact’s earnings
The packaging group says it was impacted by the closure of quick-service restaurants and the banning of alcohol sales.
Gold Fields rides the bullion rally
The gold producer will report a strong rise in interim earnings as it maintained production amid a rising gold price.
JSE benefits from Covid-19 turbulence
The exchange operator says its first half performance masks the structural impediment of the SA economy.
Pick n Pay rings up Covid-19 costs
The supermarket group says first-half earnings will be less than half those reported last year due to Covid-19 and retrenchment costs.
Cashbuild extends reach with TBC acquisition
The R1.1 billion deal will increase its presence in the coastal regions and expose it to the higher end of the market.
RBPlat's profits surge despite Covid-19
The platinum producer lost 45 days of production due to the pandemic but was supported by higher metal prices.
Blue Label warns about Cell C default
The mobile operator says the non-payment was not a surprise to lenders that understood its turnaround strategy.
Cartrack grows revenue despite Covid disruption
The vehicle telematics group says new subscriber additions decelerated in the three months to end-May as a result of the pandemic.
Ecsponent sells MyBucks Zambia stake
The investment group says it will use the proceeds to settle high yield debt as it restructures its business.
Shoprite exiting Nigeria as local sales rise
The retailer has reported a strong increase in SA sales despite the challenges posed by Covid-19.
Hammerson mulls rights issue and JV exit
The shopping centre owner is battling to reduce debt as it collects just a portion of its rentals due to Covid-19.
Renergen ready to drill first well
The emerging natural gas and helium producer says results from the Virginia Gas Project are still a month or so away.
Implats appoints new chairman designate
Thandi Orleyn will replace Mandla Gantsho as chair of the platinum producer after its AGM in October.
The digital technology company says there has been a big decline in project spending by its customers.
Trematon sells Gansbaai centre
The disposal is line with with its strategy of optimising investment returns.
MTN holding back on an interim dividend
The network operator is preserving its liquidity due to Covid-19 uncertainty but may pay a final dividend at year-end.
Glencore supported by marketing business
The group says its marketing arm has risen to the challenge posed by Covid-19, with strong counter-cyclical earnings.
Gloomy outlook as Novus reports a loss
The print and packaging group says it is only likely to return to a profit in 2022 if the lockdown lifts by next March.
Sebata holding out for NOSA proceeds
If the ICT company receives the earn-out owed to it from the NOSA disposal it is likely to dish it out to shareholders.
Astoria encouraged by trading at CNA
The investment group led a consortium of investors that bought the stationary chain from Edcon in April.
Europa Metals pours cold water on recent rally
Its share price retraced some of its recent heady gains after it said there was no material event to explain the recent surge.
Diamond’s aren’t Anglo’s best friend
The diversified resources group says first-half sales volumes at subsidiary De Beers fell close to a half.
AB InBev hails the return of beer drinkers
The global brewing giant has impaired its African operations and says the second alcohol ban in SA will affect its third-quarter performance.
Steinhoff’s loss widens as Covid impacts sales
The retail group says the financial costs of its restructuring also continues to be substantial as it seeks to settle lawsuits.
Sappi says demand is slowly returning
The pulp and paper producer fell into a quarterly loss as Covid-19 added to already weak markets for dissolving pulp and graphic paper.
Surprise as AngloGold CEO quits
The gold mining company gave no reason for Kelvin Dushnisky leaving on 1 September after two years at the helm.
Sasol sells oxygen site to reduce debt
The energy and chemicals group is selling the site to a unit of French multinational Air Liquide as part of its accelerated disposal programme.
Standard Bank warns of Covid earnings hit
The bank says headline earnings may halve due to the impact of continent-wide lockdowns on economic activity.
EOH fined the max for false financials
The JSE blamed a lack of governance and oversight mechanisms, inadequate and ineffective controls and systems on previous management.
Grand Parade gets smaller burger deal due to Covid-19
The sale to ECP Africa Fund was renegotiated due to the risk introduced by Covid-19 and the sales impact of the lockdown.
AECI to pay dividend despite Covid-19 challenges
Although its markets remain affected, the chemicals and explosives group says its solid financial position allows it to pay an interim dividend.
Accelerate holds back on dividend
The property fund, which owns half of the Fourways super-regional mall, says it is also unlikely to pay a dividend for its 2021 year.
Kumba plans expansion despite Covid-19 risks
The company plans to develop a new pit that will extend the life of its Kolomela mine and says it is encouraged by the recovery in...
The service station operator says fuel sales have rebounded following the easing of lockdown restrictions.
Bowler Metcalfe flags improved profitability
The plastics manufacturer says trading has been reasonable throughout the lockdown, with some beneficial procurement opportunities.
Comair asks for more time for business rescue plan
The business rescue practitioners need another month to finalise short-term bridge funding and advance two offers from potential investors.
Impairments add to Sebata’s headline loss
The information and communications technology group says its headline loss was impacted by the write-down of financial assets.
Amplats reports lower earnings due to Covid disruptions
The platinum producer says its second half should be stronger, although significant risks and headwinds still exist.
Invicta starts new year with a clean slate
The investment holding and management company took a decision to seriously review its balance sheet, resulting in significant impairments.
Steinhoff offers settlement to resolve claims
The group says if all claims against it were successful, its net asset value would fall short of the amount needed to settle them.
AngloGold to report higher earnings as gold rallies
The gold producer has benefitted from a rising gold prices, higher foreign exchange gain and lower once-off costs.
Santam to provide R1 billion in relief to business customers
Insurers have been under pressure from the authorities to provide some relief to their clients as an interim measure ahead of court rulings.
Liberty to swing to a first-half loss
The life assurer has set aside R3 billion to cover the expected increase in mortality and retrenchment claims as a result of Covid-19.
L2D holds back on dividend as it cuts its portfolio value
The shopping centre owner says it will consider the payment of a final dividend with its full-year results.
Octodec to revisit distribution policy
After withholding an interim distribution, the real estate investment trust says it will decided on its policy with its full-year results.
Delta offloads Grit stake ahead of delisting
Grit is consolidating its three listings into two, which it says will save on costs and boost trading in London and Mauritius.
Woolworths saved by food sales as clothing declines
The retailer benefitted from a big rise in online sales as it marked down merchandise to manage inventory and generate cash.
MTN rallies on earnings bonanza
First-half earnings were boosted by disposals while headline earnings gained from non-operational items.
Lockdown costs Pepkor billions in sales
The retailer says sales have recovered strongly following the relaxation of lockdown restrictions and as consumers trade down.
City Lodge to slump into a loss
The hotel group has reopened some of its hotels as lockdown restrictions ease but occupancies remain low.
Sasol's last US unit has been delayed
The Low Density Polyethylene Unit plant at Lake Charles is now expected to reach beneficial operation before the end of October.
Vodacom reports higher traffic as customers stay at home
The network operator says a big rise in volumes offset the impact of lower tariffs after it cut the price of its data.
The cement producer partly attributes a recovery in sales volumes last month to an absence of imports in the market.
Invicta rally halted on looming loss
A week-long rally in its shares ended after it warned of the extent of its full-year loss.
Implats flags significantly higher earnings
The platinum producer says it has benefitted from a rise in the price of platinum group metals and a weaker rand.
Spur laments alcohol ban and curfew
The restaurant group says earnings for the year are likely to be at least 40 percent down from last year due to Covid-19.
Eastplats eyes platinum re-treatment JV
The group is looking into the feasibility of processing platinum group metals at its Zandfontein operation.
Stenprop beefs up MLI portfolio
The UK and German property owner says the acquisition of Bowthorpe Park Industrial Estate takes it closer to its goal.
Mediclinic's offshore operations in better health
Shares of the private hospital group rallied after it reported stronger operating performances at its Swiss and UAE businesses.
New Frontier believes its centres are viable
The property group says its shopping centres may be undervalued as it tries to assess the lasting impact of Covid-19.
Argent rallies on upbeat forecast
The steel product manufacturer and trader has been buying back its own shares and flagged a turnaround at some local businesses.
Afrimat makes all-share offer for Unicorn
The materials group is targeting Nkomati Anthracite which will sit alongside the Demaneng iron ore mine in its bulk commodities portfolio.
Datatec benefits from home workers
The technology group says demand for networked cloud computing and remote access solutions has been strong due to Covid-19.
Strikes, rain and Covid-19 push Wescoal into a loss
The coal mining company maintained positive cash flow for the year despite challenges across its operations.
The London real estate owner has reduced the value of its prime Covent Garden precinct in the West End as well as Lillie Square.
Brait’s gyms are starting to pump
The investment group says the reopened Virgin Active clubs are beating expectations in terms of usage and membership numbers.
MC Mining gets go-ahead on IDC loan
The company says it will now focus on securing the balance of Phase 1 funding for its Makhado Project following lockdown delays.
Invicta sells assets to cut debt
The investment holding company is disposing of a number of businesses in its Capital Equipment Group segment to improve its capital structure.
Spur on the lookout for new CEO
Pierre van Tonder, who has led the restaurant group since 1996, plans to retire at the end of the year.
Renergen to hold first LNG auction
The emerging natural gas and helium producer is preparing for the first production from its Virginia Gas Project in the Free State.
Tsogo Sun Hotels increases Hospitality stake
The hotel operator is taking advantage of the big discount Hospitality Property Fund trades at relative to its net asset value.
Balwin plans new Pretoria development
The residential property developer will build thousands of apartments on a piece of land it has agreed to buy east of Pretoria.
South32 places Metalloys on temporary care and maintenance
The diversified mining company has written down the value of its manganese alloy smelters and will also account for one-of restructuring costs.
PBT Group benefits from offshore expansion
The data solutions and services group is confident it can weather the Covid-19 storm due to its strong financial position.
The vehicle telematics group says discussions that would have resulted in restructuring and offshore listing have been terminated.
Investec Property Fund not immune to virus
The fund says it will only make a decision on its final dividend in September as it assesses the economic impact of Covid-19.
Barloworld says Mongolian Caterpillar deal is still on
The earthmoving equipment agent says Wagner Asia Equipment will be a good fit within its current portfolio.
Anglo companies weather Covid-19
The diversified resources company has stuck to revised guidance provided in April, with the exception of metallurgical and thermal coal.
Richemont sales almost halve on Covid-19
The luxury goods group says there were unprecedented levels of disruption from the Covid-19 pandemic, affecting all regions, channels and business areas.
TFG marks down shares in rights issue sale
The retail group has priced the rights offer at a big discount, which will be dilutive for those shareholders not taking up their rights.
Hyprop dampens dividend expectations
The shopping centre owner will pay out less due to the impact of Covid-19 and a reduced payout policy.
Covid-19 widens losses at AMSA
The steelmaker has decided to idle some of its furnaces until demand recovers.
Covid-19 rings in lower earnings for Bell
The maker and distributor of articulated dump trucks and agricultural machinery says Covid-19 had had a negative impact on production and sales.
Truworths’ sales suffer due to Covid-19
The retail group says lockdown measures in SA and the UK have taken their toll on revenue, while it has had to increase provisions for doubtful...
Quantum takes flight on growing interest
The poultry and eggs group has attracted a number of large investors, as well as a few smaller ones.
Astral enters the Quantum chicken run
The poultry producer has built up a sizeable stake in Quantum in order to protect its broiler supply agreement with the company.
Aspen commits to cheaper drugs after European probe
The pharmaceuticals group will reduce the price of six off-patent prescription cancer medicines for 10 years.
Fairvest fetches less for Tokai Junction
The real estate investment trust will use the proceeds to settle debt as it focuses on retail assets in non-metropolitan areas.
TFG pushes ahead with rights offer following JET deal
The retailer is targeting R3.95 billion which it will use to reduce debt, fund organic growth and pay for its proposed acquisition of JET.
Tsogo Sun Hotels sells Seychelles stake
The hotel group says Covid-19 has limited its ability to reduce debt, which will be achieved through the disposal of its URH stake.
The Foschini Group tailors a deal for JET
The retailer says it has a unique opportunity to buy selected parts of the business, giving it significant scale at an attractive price.
Orion consolidates ownership of Northern Cape project
Minority shareholders in the Jacomyspan nickel-copper-PGE project will exchange their interests for shares in Orion.
Distell suffers a Monday babalas
The drinks group had started to recover from previous restrictions, generating cash flow and protecting jobs.
Jubilee plans copper expansion after strong first half
The mine-to-metals company says Zambia contains vast quantities of copper tailings that its skills can unlock.
Basil Read says it owes Eskom nothing
The construction and engineering group sold out of a joint venture that was working on the Kusile power station in 2017.
Pan African cuts debt as production rises
At current rand gold prices and guided production levels, the gold producer expects to be debt free within the next year.
Luxembourg-based investment fund Silverlands is seen as a long-term investor.
Zeder uses Quantum proceeds for share buy backs
The investment group sold its stake in the poultry and eggs group as it reshapes its portfolio and looks for new investment opportunities.
Liberty Two Degrees to cut portfolio value
The real estate investment trust says the value of its properties has been affected by falling rentals and an increase in vacancies.
Growthpoint warns of lower payouts
The property group says full-year distributable earnings will be down and it is reconsidering its payout policy to shareholders.
Aspen fined following UK pharma probe
The pharmaceuticals group says the fine by the Competition and Markets Authority brings the matter to a close after close to three years.
Tharisa reports a strong quarter despite Covid-19
The chrome and platinum producer says mining output reached a record in May and June as it returned to full production.
Renergen prepares for first drill
The emerging natural gas and helium producer expects the first well at its Virginia gas project to spud towards the end of the month.
Quantum insiders snap up shares
Interest in the poultry group has surged since Country Bird acquired a stake from Zeder Investments last month.
Steinhoff sells Conforama France for nominal sum
The group explored various options after it was unable to secure a state-guaranteed loan to support Conforama during the Covid-19 crisis.
PSV prepares to present plan to creditors
The group entered business rescue in March as its board resolved that it was in financial stress after shareholders opposed a rights issue.
Taste about to morph into Luxe
The investment group will proceed with its share consolidation and name change in a fortnight.
Stefanutti slumps on Eskom payment claims
The construction group denies it was overpaid for work on the Kusile power station and says it is still owed money.
Mystery buyers ruffle Quantum's feathers
A number of third parties have been snapping up shares in the poultry group after Country Bird bought a big stake.
The chemicals, fertiliser and explosives group has reduced debt and implemented a turnaround plan that has placed it in a strong position.
Massmart to slash jobs at Game
Section 189 consultations with unions and stakeholders follow a similar process at DionWired and its Masscash division.
RDI encouraged by trading as restrictions ease
As conditions turn more favourable, former parent company Redefine Properties has exited its stake in the UK real estate investment trust.
Afrox warns of lower earnings due to Covid-19
The gases and welding products group says it remains focused on containing cost and preserving cash and liquidity for the foreseeable future.
Santam defends Covid-19 claims position
The short-term insurer says its balance sheet is strong enough to accommodate claims if it loses in court.
Tongaat not giving up on starch sale
The agri group is pushing ahead with approvals for the transaction while it awaits third party determination on the impact of Covid-19 on the business.
Blue Label expects better earnings despite WiConnect closure
It says its 2020 performance will still take a R330 million hit after it closed its WiConnect retail stores as Covid-19 halted a turnaround.
Crookes Brothers disappointed with performance
The agricultural group reported a weaker performance from its macadamia and deciduous fruit crops and wrote down the value of its biological asset.
PBT Group flags higher earnings
The IT services company says full-year growth benefitted from continued demand for its services.
NEPI takes another stab at office sale
The property investor says it signed a non-binding memorandum with AFI Europe at the weekend that could end a dispute between the two companies.
Capital & Regional says tenants remain in arrears
The shopping centre owner is talking to its tenants after collecting just over a third of rent for the third quarter.
Grit sticks to dividend as rent comes in
The pan-African real estate company says rent collections have been strong since the onset of the Covid-19 crisis.
Old Mutual makes Williamson CEO after bruising battle with Moyo
The appointment will provide certainty for stakeholders after the insurance giant sat without a permanent CEO for over a year.
Capitec impairments soar on Covid-19
The bank says credit sales are unlikely to return to normal levels before next year.
Homechoice cancels dividend as earnings decline
The direct marketer and fintech company says it wants to conserve its cash to support its continued financial health.
Grand Parade loses at the slots
The sale of its remaining Sun Slots stake to Sun International lapsed after all the conditions were not met by the end of June.
Novus prepares investors for a loss
The printing and packaging group has written down the value of its operations as demand for printing declines.
Pan African aims for more US investors
The gold producer and tailings process has launched an ADR programme through the Bank of New York Mellon.
The platinum producer says it has bought back more than 40 percent of the preference shares issued to fund its empowerment deal.
Stadio grows enrolments despite Covid-19
The higher education group says just 51 students have withdrawn from its programmes specifically as a result of the pandemic.
Long4Life warns of a first-half loss
Its businesses were hit hard by the Covid-19 lockdown but it is confident they will produce a positive return in the second half of the year.
JSE fines Tongaat for fraudulent accounts
The stock exchange operator says for years Tongaat published financial information that was incorrect, false and misleading.
Steinhoff whacked with advisory fees
The retail group says fees should reduce this year although it still has to pay its legal advisors.
ELB offers a premium as it prepares to delist
The mining services requires external funding support which will be easier to secure in an unlisted environment.
Sasol steps up asset disposals
The latest divestments are part of a response strategy aimed a mitigating the impact of Covid-19 and a lower oil price.
Vukile plays it safe with final dividend
The property fund says it will adopt a lower and more prudent pay-out ratio in the future as it focuses on its long-term sustainability.
Barloworld to shed more jobs due to Covid-19
The industrial group is cutting costs after reporting a first-half loss as it impaired its operations by R1.7 billion.
The drinks group will report a decline in full-year earnings but says its financial health has been boosted by the easing of alcohol restrictions.
Resilient says shoppers have changed their approach
The shopping centre owner says non-metropolitan malls have recovered quicker and consumers are doing their shopping closer to home.
Attacq scraps dividend due to debt deal
Lenders have agreed to relax covenants as long as it does not declare any further distributions this year.
Naspers and Prosus ride the online trend
Naspers, which owns global consumer internet group Prosus, says it is well positioned as Covid-19 accelerates the shift online.
Adcorp weighs up Australian presence
The workplace solutions group says it is exploring opportunities to exit Australia following a review of its portfolio of businesses.
Rebosis expects more retail casualties
The property fund says some tenants in the food, beverages and entertainment sectors may not recover from Covid-19.
EPP mulling an interim dividend
The Polish property investor already pulled its previous payout as it focuses on ways to strengthen its balance sheet and retain maximum liquidity.
Following a negative return on its investment, the group is selling parts of its 7 Arrows security business as it adopts a new strategy.
Grand Parade flips its head office
The investment company says it will use the proceeds to reduce debt secured by the property and will consider distributions to shareholders.
Sun International cries foul over IPS plan
The company wants to replace a R1.5 billion deal for 15 percent of Sun’s Latin American business with a bid for 50 percent of the entire...
Hulamin prepares for tougher times
The aluminium products manufacturer has booked a R1.3 billion impairment of its businesses as it prepares for a further decline in demand.
intu administration for shopping centre owner
Its shares plunged between the time it warned that administration was likely and their suspension hours later.
The stock and bond exchange operator says market volatility has supported first-half earnings, masking weakness in the economy and financial markets.
The industrial group says most of its businesses were performing well until faced with Covid-19 and the lockdown.
Sun International brushes potential bid aside
The hotel and casino operator says its Latin American partner has not yet made an actual offer nor addressed any of its concerns.
Mr Price positioned for online growth
The budget retailer says it remains to be seen whether the growing move to online shopping is a permanent step change in consumer behaviour.
Snacks and drinks sate AVI during lockdown
Sales at its Entyce and Snackworks divisions helped offset the impact of Covid-19 on its footwear and fashion businesses.
Hudaco optimistic about a better second half
The group says just as it was recovering from severe load shedding in December, trading conditions were overwhelmed by Covid-19.
The agri group and land owner will report return to profitability when its releases its annual results at the end of next month.
Ball takes executive roll at PPC
Anthony Ball is non-executive chairman of Value Capital Partners, a big shareholder of the cement producer.
Schroder trims dividend as a safeguard
The real estate investment trust says by retaining additional cash it will be better positioned to withstand the impact of Covid-19 on its portfolio.
Sun International plans rights issue
As it prepares for a cash call, a Chilean suitor may bid R22 per share for a controlling stake in the hotels and casinos group.
Implats’ ramp-up beats expectations
The platinum producer has lifted force majeure on its contractual deliveries and says most customers have elected to receive their metal.
Brait's value topples due to Covid-19
The investment holding company says a R5.6 billion equity capital raise also contributed to a big decline in its net asset value per share.
intu puts administrators on standby
If it is unable to negotiate a deal with its lenders, the shopping centre owner may have to enter administration.
Sasol's Lake Charles on the cusp of completion
The last remaining unit at the US project is on track for beneficial operation by the end of September.
Peregrine says volatility is likely to continue
The financial services group says its investments and assets under management remain well diversified as markets experience continued volatility.
Mpact warns of Covid-19 earnings impact
The packaging group says the lockdown resulted in reduced demand for its packaging, while some non-essential lines stopped operating.
CMH cuts its cloth to fit new Covid-19 reality
The automotive group is adjusting its inventory to match reduced demand for vehicles as it also scales back its car rental business.
Pepkor plans R2 billion bookbuild
The capital raise is just the latest in the retail sector aimed at reducing debt or funding growth opportunities created by the Covid-19 crisis.
City Lodge plans R1.2 billion rights issue
The hotel group needs to reduce debt and cover a cash shortfall as most of its hotels remain closed due to the lockdown and travel restrictions.
Switzerland joins Glencore probe
The Swiss Attorney General is investigating the company for failing to have measures in place to prevent graft in the DRC.
Omnia rallies on profit turnaround
The chemicals, fertiliser and explosives group has reduced debt significantly after a R2 billion rights issue last year.
Telkom disconnects dividends for now
The telecoms group says it needs to preserve capital due to Covid-19 and as it prepares for an imminent auction of valuable spectrum.
Stor-Age remains resilient in the face of Covid-19
The self storage property specialist has increased its final dividend but says it is not providing any guidance for the year ahead.
Growthpoint says the worst may be behind it
While it entered the Covid-19 crisis with a strong balance sheet and prudent cash-flow management, it may still reconsider dividend payouts.
Covid-19 puts the brakes on Motus
The automotive group plans to close dealerships and scale back its car rental business due to the economic impact of the coronavirus.
The aluminium products manufacturer delayed the release of its 2019 results as it resolved certain accounting issues.
Merafe and Glencore to lay off workers
The companies have commenced a section 189 process due to the worsening operating environment across the local ferrochrome industry.
Basil Read rescue process hindered by Covid-19
The business rescue practitioners still believe the full implementation of the rescue plan will get a better result than a liquidation.
Telkom rallies ahead of results
The telecoms group will report a big drop in full-year earnings due to restructuring costs and Covid-19 related impairments.
TFG fashions cash call due to ongoing uncertainty
The retail group wants to reduce its debt and have cash on hand to take advantage of any opportunities that arise.
Jobs at risk as Sasol unveils new look
The leaner Sasol 2.0 will focus on its core Chemicals and Energy businesses to ensure that it remains sustainable at lower oil prices.
AMSA plans large scale restructuring
The steelmaker says previous cost-saving initiatives will not be enough due to the impact of Covid-19 on its business.
Curro plans rights issue as it eyes opportunities
Majority shareholder PSG Financial Services will follow its rights and mop up more shares if they are not taken up by minorities.
Naspers warns of lower earnings following Prosus unbundling
Results have been distorted by the listing of Prosus last year, while Covid-19 may impact its 2021 numbers.
Implats declines Waterberg option
The platinum producer says it will remain an active participant in the development project and will retain its minority shareholding.
HCI hit by Covid-19-related impairments
The investment company has reported a basic loss after impairing its hotel and gaming interests, as well as some oil and gas exploration assets.
Massmart suffers alcohol-free hangover
Massmart says its losses will widen after it lost billions of rands in sales and it is borrowing R4 billion from parent group Walmart just in...
Italtile sales dented by Covid-19
The tile manufacturer and retailer expects sales to continue recovering after they ground to a halt in April.
Tongaat to reduce debt with eSwatini sale
The sugar producer and land owner is disposing of non-core businesses in a bid to reduce debt by at least R8.1 billion by next March.
Aspen and Ascendis climb on dexamethasone trials
A clinical trial found that the steroid treatment reduced the death rate in patients requiring respiratory intervention as a result of Covid-19.
The coal producer expects demand to improve from next month as the economy continues to reopen.
Discovery sets billions aside for Covid-19
The health insurer and financial services group says full-year earnings will take a hit and it will not pay dividends until it is appropriate to.
Although sales have picked up sooner than expected, the food services company says it is too early to determine whether it will pay a dividend.
Telkom to ring up lower earnings
The telecoms group says its full-year results were affected by retrenchment costs, Covid-19-related impairments and a decline in fixed-line business.
Zeder sells Quantum stake to Country Bird
It will use the cash to support its other portfolio companies and may consider new investments, share buybacks or a special dividend.
Delta holds back on dividend due to Covid-19
The real estate investment trust says it would not meet liquidity requirements if it made the payment due to its capex obligations.
Value Group resilient in the face of Covid-19
The logistics group says it has become fully operational again and no significant impairments of its assets are currently required.
Barloworld to report a loss due to Covid-19
The industrial group booked higher credit losses and impairments as a result of the global economic slowdown and the pandemic.
Stenprop sees opportunities in Covid-19 environment
The property group says the pandemic may lead to opportunities to buy more properties to meet growing demand for its multi-let industrial estates.
City Lodge secures more debt to help it through the crisis
Some hotels are now operating on a limited basis to accommodate stranded guests, business travellers, essential workers, and those in quarantine.
Castleview hopes residential uptake will increase footfall
The property fund says its apartments were almost half full by the end of February, bringing more traffic into its shopping centre.
Zarclear hit by Covid-19 market volatility
The investment holding company plans to delist due to the impact the virus is expected to continuing to have on equity capital markets.
Harmony gets the green light to raise $200 million
The company expects to return to full production in mid-July as shareholders approve an equity raise to fund its latest acquisition.
Covid-19 hinders Metrofile takeover
The takeover consortium will need to re-examine the value of the records management and documents storage business once the virus has run its course.
Investec Property Fund exits Australia fund
The fund says its balance sheet is now significantly weighted to SA and Europe after it disposed of its minority position at an attractive return.
The pan-African real estate company wants to consolidate its three listings into two in order to save on costs and boost liquidity.
Sygnia expects market volatility to continue
The fund manager doubled first-half profit despite big swings in asset prices as Covid-19 escalated in March.
Shoppers return to Hyprop’s malls
The shopping centre owner says its core focus is on retaining tenants as it negotiates rent relief packages with retailers.
Amplats converter unit almost fixed
The platinum producer says a leak at its ACP Phase B unit was unconnected to recent repair work and it would be ready next week.
Sanlam strikes a cautious tone due to Covid-19
While the year started well for the insurer, it has been impacted by extreme market volatility and pressure on new business volumes.
EOH rallies on positive update
The technology company says a resilient third-quarter performance has helped it pay down debt faster.
Steinhoff says impact of Covid-19 will be material
The retailer has also agreed to help the criminal authorities fund an additional forensic probe into its accounting fraud.
Libstar grows retail sales as restaurants remain shuttered
The food group says it expects its performance to improve as restrictions on quick-service restaurants are eased.
Chips are down for Tsogo Sun Gaming
The casino operator says it is faced with the uncertainty of when its casinos will be allowed to reopen and the restrictions they may face.
Life Healthcare targeted in cyber attack
The group says patient care has not been affected but it is still trying to determine the extent to which sensitive data has been compromised.
Arrowhead expands disposal programme due to Covid-19
The real estate investment trust is also evaluating a merger with subsidiary Indluplace Properties due to current market conditions.
Capital light Alexander Forbes pays a special dividend
The employee benefits business will distribute most of the cash it received from the sale of its insurance business.
Ascendis buys time to clean up balance sheet
Debt repayments have been pushed out to the end of next year, alleviating the need for a fire sale of its assets.
The food producer says full-year earnings will be down due to Covid-19 and it may have to impair the carrying value of its assets.
Brait sells Iceland back to founder
The disposal forms part of a five-year strategy to maximise value through the realisation of the assets in its portfolio.
Sasfin says rising impairments will affect earnings
The bank and financial services group says there has been a big increase in impairments, which it expects to continue for now.
Rate cuts boost interest in Fortress disposals
The real estate investment trust says its disposals team continues to receive enquiries for its non-core industrial and office properties.
NEPI Rockcastle welcomes more customers
The shopping centre owner expects almost all of the floor space at its malls to be open for business by the end of the month.
Metair clinches big Ford contracts
The auto component and battery manufacturer will invest in a new factory in KwaZulu-Natal to support contracts worth billions from Ford SA.
MultiChoice to report strong turnaround
The pay-TV group says it benefitted from cost containment and reduced losses at its African operations outside SA.
Ecsponent subsidiary loses its licence
The private equity group says it plans to wind up Ecsponent Financial Services, which has also been fined R3 million by the FSCA.
Oceana defers dividend despite steady earnings catch
The fishing group reported a rise in operating profit as steady demand for products like Lucky Star canned fish made up for weakness in the US.
FirstRand prepares for rising impairments
The banking group says full-year earnings will decline as it accounts for an expected increase in credit impairments.
Tongaat and Barloworld still at odd over starch deal
The two companies have been unable to agree on an arbitrator to decide whether a material adverse change has occurred due to Covid-19.
The property fund has granted tenants most affected by Covid-19 concessions and has deferred some rentals for up to a year.
WBHO attracts interest Down Under
The construction and infrastructure group will report a full-year loss as its Probuild business in Australia attracts a possible offer.
Santam raises provisions for Covid-19 claims
The insurer says business interruption as a result of the national lockdown is not covered under insurance protection against infectious diseases.
Amplats recloses processing plant
The platinum producer says the temporary closure to fix a leak is unrelated to recent repair work at its ACP Phase B unit.
CEO to stay on at SA Corporate
The real estate investment trust says Rory Mackey has been made permanent again.
Grit revises guidance due to Covid-19
The pan-African real estate company says it has been supported by the structure of its leases, blue-chip tenants and a diversified portfolio.
Mediclinic’s loss doubles due to writedowns
The private hospital group says a high degree of uncertainty remains regarding the progression of the Covid-19 pandemic and its full impact.
Covid-19 wipes out Imperial’s restructuring gains
The logistics group says it will report a decline in full-year earnings due to the impact of Covid-19 and further rationalisation costs
Comair descends into an annual loss
The airline operator, currently in business rescue, has not earned any revenue since mid-March when flights were cancelled.
intu expects big drop in rent collection
The beleaguered shopping centre owner says it is likely to collect a third less rent than last year as some tenants remain shuttered.
Standard Bank warns of Covid-19 impact
The bank says credit impairments may exceed those recorded during the global financial crisis.
Bidvest's businesses on review due to virus
The group says it may retrench some employees as it right-sizes its operations to keep them competitive in a changing environment.
Sirius declares dividend despite Covid-19
The German-focused real estate group has grown its rent roll by more than 5 percent for a sixth consecutive year.
Capco grows its West End presence
The London real estate investor has bought a significant stake in Shaftesbury, which owns property near its Covent Garden estate.
Covid-19 puts paid to Sasfin’s deal with Arise
The niche bank and financial group says shareholders should still exercise caution due to the potential disposal of its stake in Efficient Group.
Capital Appreciation grows dividend after strong year
The FinTech business says its business continued to operate throughout the lockdown, buoyed by growing demand for new technologies.
Nampak toasts the reopening of bottle stores
The packaging group says it has been impacted by weak demand that has been aggravated by the Covid-19 lockdown.
Raubex hopeful about new road projects
The construction and road-building group wants to participate in some of the projects aimed stimulating the economy post Covid-19.
Capitec flags rare earnings decline
Separately, a deal was announced that will see EasyEquities launch investing services on the new Capitec mobile banking app.
Reinet’s value declines on BAT and Covid-19 volatility
The investment group says the decrease in its net asset value from January to March topped one billion euros.
Tsogo Sun hit as virus leaves beds empty
The hotel operator has appealed for the government to continue opening the economy as quickly as possible.
The value retailer has dismissed speculation that it could be poised to buy clothing retail chain Jet.
Old Mutual warns of lower earnings as Covid-19 impacts sales
The life assurer says many of its agents have been unable to sell policies, impacting productivity and new business acquisition over the past two months.
Retrenchments on the cards as Barloworld prepares for post-Covid reality
The industrial group says its Automotive and Logistics and Equipment southern Africa operations will be most affected by the job cuts.
MiX Telematics prepares for tougher year ahead
The vehicle tracking and asset management solutions group has suspended guidance due to market uncertainty.
Woolworths cushioned by strong food sales as clothing plummets
The retailer has suspended dividends until the trading has stabilised after reporting a big drop in clothing, home and beauty sales.
Pepkor withholds dividend as sales decline
The retailer says it lost out on an estimated R5 billion in revenue during the lockdown in April.
Datatec lifted by Westcon turnaround
The tech group says it was able to adjust quickly to a remote working environment and has seen increased demand for work-from-home technologies.
Arrowhead postpones dividend decision
The real estate investment trust says in order to protect its balance sheet and bolster liquidity, it will decide on a dividend with its full year...
PSG to unbundle most of its Capitec stake
The investment holding company aims to reduce the discount its shares trade at and avoid any new regulatory requirements that may lie ahead.
ADvTECH falls behind on school fees
The private education group says collections fell in April and it has been helping families affected by the lockdown.
Orion Minerals advances with Prieska project
The minerals exploration and development company says an updated bankable feasibility study has delivered a number of improvements on a previous study.
Covid-19 deters Famous Brands from dishing up a dividend
The restaurant group is concerned about how long trading restrictions will remain in force and how consumer spending is impacted after the lockdown.
Coronation sticks with dividend
Fund under management declined sharply in March due to the Covid-19 driven market crash and net outflows but it is still paying a dividend.
Afrimat makes a play for Unicorn
The group may make a firm offer for Unicorn as it targets Nkomati Anthracite to beef up its Bulk Commodities division.
Absa says bad debts have doubled
The bank says impairments have risen sharply since late March and its return on equity has fallen materially.
Exemplar beats distribution guidance
The shopping centre owner has grown its annual dividend by more than expected but is not providing guidance for the year ahead.
Netcare suspends dividend as Covid-19 impacts operations
The private hospital operator says the pandemic has introduced significant uncertainty and forecast risk for the remainder of its financial year.
Tiger Brands warns of prolonged downturn
The group has withheld an interim dividend as it prioritises cash preservation due to the Covid-19 uncertainty.
Murray optimistic despite short-term constraints
The specialist engineering and construction group has grown its order book and believes clients will go ahead and award new tenders.
EPP revokes dividend due to Covid-19
The Polish shopping centre owner will retain the 53 million euros it would have paid out to preserve capital and maintain liquidity.
The fund management, advisory services and commodities trading business says full-year earnings will fall by as much as 87 percent.
Nampak prepares to unpack an interim loss
Apart from ongoing tough trading conditions, the packaging group is preparing to impair its operations outside SA.
Truworths says a divided is unlikely as Office weighs on earnings
The retail group says it is considering all possibilities for its Office chain of shoe stores, which remain shut under the UK lockdown.
Hulisani warns of wider losses
The renewable energy investment company has written off its investment in Ignite Energy Projects as it focuses on its SA operations.
Atlantic Leaf agrees buyout as property sector struggles
The deal will give large shareholder Vukile Property Fund the opportunity to exit as it disposes of non-core investments.
Nedbank calculates initial Covid-19 impact
The bank has restructured loans amounting to R81 billion to affected customers as it prepares for a decline in profitability.
Sasol slides on Covid-19, oil impact
The oil and chemicals group says its full-year earnings will be at least 20 percent down from last year.
Tsogo Sun in a spin over Covid-19
The casino operator will has booked large impairments as its casinos and bingo outlets remain closed under the lockdown.
Investec counts the cost of Covid-19
The bank and wealth manager says the pandemic has already impacted trading income, investment income and expected credit losses.
SPAR held back by Polish losses
The retailer and wholesaler says Covid-19 has delayed the restructuring of its Polish supermarkets and is likely to lead to higher food prices.
Afrimat well positioned for economic rebuild
The construction materials and bulk commodities producer says it is ready to capitalise on government infrastructure programmes aimed at stimulating the economy.
Quantum’s earnings crack on lower egg prices
Nulaid eggs recorded a first-half loss as prices fell and feed costs rose but the demand supply balance is expected to improve.
Hudaco prepares investors for no dividend
The group says it is preserving cash due to the impact of the lockdown on its businesses and uncertainty over when demand will return.
Dis-Chem holds back on dispensing dividend
The group has deferred the declaration of a dividend to its next cycle when it has a better understanding of normalised trading conditions.
Investec Property Fund benefits from offshore focus
The property fund says its expansion into European logistics properties is timeous given the accelerated shift to online retail as a result of Covid-19.
Impairments hit Tiger Brands’ earnings
The group has impaired some export operations due to ongoing trading difficulties that have been exacerbated by Covid-19.
Ninety One hampered by Covid-19
The maiden results from the asset manager following its recent demerger from Investec were marred by the recent Covid-19 market correction.
The construction group will delist on 22 June, a week after Group Five also exits the exchange due to the slump in the sector.
enX earnings skewed by failed Bidvest deal
The Fleet business was recorded as held for sale at the end of its most recent report period before the deal fell through.
Mr Price prepares to go shopping
The retailer says internal market research has identified attractive growth areas that a capital raise will enable it to pursue.
Rhodes benefits from stockpiling
The food producer says its international segment was held back by reduced shipments to China and foreign exchange losses.
Richemont bulks up balance sheet with bond sales
The luxury goods group says the additional capital will help it weather potentially tougher times while supporting business development.
Santova holds dividend due to global trade uncertainty
The logistics group says its resources are best conserved at this time due to ongoing uncertainty in the global economy.
Jubilee relocates plant to boost earnings
The mine-to-metals company is relocating its fine chrome recovery plant from DCM to one of its larger chrome sites.
Texton continues with disposals
The property fund is selling non-core assets as it focuses on strengthening its balance sheet and reducing debt.
Stor-Age sees demand returning
The specialist storage property fund says strong rental collections are evidence of the defensive and resilient nature of its business model.
Astral chickens out of dividend
The poultry producer has also delayed a major capital programme to expand volumes as a result of the Covid-19 lockdown.
The residential property developer will reconsider a dividend once it has greater certainty about the impact of Covid-19 on its business.
Calgro M3 in better shape to weather Covid-19
The residential property and memorial parks developer is exiting its rental portfolio and outsourcing construction as it reduces debt.
Lockdown puts pressure on Massmart’s sales
The retailer and wholesaler was unable to sell items that contributed more than half of its sales last year.
intu seeks standstill as it risks covenant breaches
The shopping centre owner says once the market has normalised there will be a greater opportunity to explore alternative capital structures and solutions.
Old Mutual Announces Digital AGM
In Staying with a digital mindset, Old Mutual, as part of their future development, has also unveiled an ambitious plan to create Africa’s biggest Digital Classroom.
The drinks company says earnings for the year to end-June will be significantly lower as a result of alcohol restrictions.
Dis-Chem adds Baby City to its basket
The discount pharmacy chain says Baby City has been in its sights for many years and there are clear opportunities to harness synergies.
Aspen sticks to profit outlook
There has been elevated demand for some products, while others have suffered due to declines in elective surgical procedures due to Covid-19.
Richemont cuts dividend as Covid-19 hits sales
The luxury goods group is investigating a scheme to reward shareholders after halving its 2020 dividend to preserve cash.
Virus holds back SPAR’s Polish acquisition
The retailer and wholesaler says its other businesses delivered strong results and it is positive about the prosects for Poland.
Foschini warns of leaner times
The retailer says the Covid-19 lockdown and store closures will have a significant impact on its business this year.
Liberty prepared for volatile year
The life assurer says volatile markets will affect returns from its Shareholder Investment Portfolio while new business volumes are likely to come under pressure.
Long4Life well-placed to weather Covid-19
The company says it has a strong balance sheet, cash on hand and minimal debt, positioning it to take advantage of acquisition opportunities.
Altron trims dividend to preserve cash
After a strong year, the technology group expects revenue to dip in the period ahead due to Covid-19.
MTN prepares for tougher conditions
The network operator says it is too early to assess the impact of Covid-19 on its customers and quantify the effect on its business.
The Cape-focused real estate investment trust met its guidance for this year but says the outlook for the year ahead is less certain.
Brait expects short-term earnings hit
The investment group says results for the year to end-March will reflect the impact of Covid-19 on the value of its portfolio companies.
Transaction Capital brakes on its dividend
The financial services group says it wants to preserve financial flexibility and liquidity as the lockdown affects taxi drivers.
Cartrack rallies on full-year dividend
The vehicle telematics group says it continues to generate lots of cash despite a decline in new subscriptions since the lockdown started.
The restaurant franchisor says customers have so far reacted favourably to delivery-only services from some of its restaurant chains.
Delta reviews its distribution policy
Despite a defensive portfolio with government as its biggest tenant, the property fund says liquidity remains of paramount importance at present.
Kore Potash says study confirms DX project's viability
The exploration and development company is preparing to move towards its first potash production in the Republic of Congo.
Pick n Pay’s shares dive as it saves on dividend
The supermarket group says it will consider a final dividend once it can properly assess the full impact of Covid-19 on its operations.
Afrimat ramps up its operations
The mining and materials group says it will increase capacity at its open cast operations in line with market demand and government health regulations.
Tongaat starch sale hangs in the balance
Barloworld subdiariary KLL issued a material adverse change notice to Tongaat due the expected impact of Covid-19 on its starch operation.
Sibanye-Stillwater in the pound seats
The precious metals group has reported a rebound in first-quarter production amidst rising prices for the metals it digs out the ground.
The affordable housing developer says it is well positioned for growth and should be able to absorb the impact of Covid-19.
Price cuts boost data traffic at Vodacom
The network operator says the trend of increased data traffic has continued into its new financial year after it reduced tariffs again last month.
Life Healthcare counts the cost of Covid-19
The private hospitals group is holding back on an interim dividend so it can preserve cash due to uncertainty brought on by the pandemic.
AngloGold Ashanti shines on higher gold price
The gold producer says free cash flow more than trebled despite lost production as a result of Covid-19 restrictions.
Group Five to delist next month
The business rescue practitioners says there is no realistic prospect of anything remaining for shareholders.
RDI holds back dividend due to Covid-19
The real estate investment trust says it will re-evaluate its cash and liquidity position at year end.
The agency does not rate banks above the national ratings given the direct and indirect impact that sovereign distress would have on their debt.
Merafe resumes limited operations
The company says stringent Covid-19 restrictions and return to work processes have been implemented as it commences some operations.
Phumelela limps into business rescue
The horse racing and sports betting group says business rescue is the best option to ensure its long-term survival.
Adcorp warns of full-year loss
The recruitment company says earnings were impacted by impairments as it struggled with constrained trading conditions.
Resilient sticks to dividend policy
The REIT says it will also write of its remaining investment in Edcon, which entered business rescue at the end of last month.
Labat Africa places fuel operation into business rescue
While the black-owned investment group has considered exiting its energy investments, it says the focus is now on returning Force Fuel to profitability.
Dissolving pulp out of fashion for Sappi
The pulp and paper producer says orders for dissolving pulp have fallen sharply due to lower demand for textiles.
AB InBev loses froth over Covid-19
The group expects a worse second-quarter after more governments restricted its ability to brew and sell beer.
Kaap Agri prepares for continued volatility
While retail trade is likely to remain under pressure in the short term, it expects its good agri-trade performance to continue.
DRDGOLD dips into its stockpile as output declines
The gold producer sold down its inventory in anticipation of the lockdown, benefitting from a rising gold price.
Premier Fishing’s exports under pressure
While global demand for its products remains high, the fisheries group has been hampered by restrictions on exports and pressure on selling prices.
Investec Australia Property Fund cautious after a fruitful year
The fund says it is holding back on providing any guidance for the year ahead due to the potential impact of Covid-19.
Higher gold price cushions Harmony
The gold producer may raise up to $200 million in share capital to part fund the acquisition of Mponeng from AngloGold Ashanti.
Fairvest withdraws distribution guidance
The shopping centre owner says it has no idea how Covid-19 will impact distributable income in the months ahead.
NEPI Rockcastle welcomes back shoppers
The shopping centre owner says close to half the floor space at its shopping centres is trading again as lockdown restrictions are eased.
Anchor grows assets in volatile environment
The fund manager and stockbroker says it benefited from strong inflows and rand weakness in the first quarter of the year.
Stenprop makes progress on rent collections
The property group has also continued to benefit from interest in its multi-let industrial properties in the UK.
enX sale to Bidvest falls through
Bidvest declined to extend the deadline to give the Prudential Authority more time to approve the R3.1 billion Eqstra transaction.
Amplats ramps up processing plant
The group says it is engaging with suppliers of PGM concentrate to lift force majeure imminently as it restarts refined production.
Telkom delays results due to Covid-19
The telecoms group says investors should not draw undue adverse inferences as a result of it making use of the extension.
Comair descends into business rescue
The airline operator says its business model remains sounds and it believes it will return to the skies once restrictions have been lifted.
Equites benefits from strong tenant base
The specialist logistics property fund has reported strong rental collections, with most of its tenants continuing to operate during the lockdown.
Famous Brands dubious about home delivery
The casual dining restaurant group says it has started reopening some of its local restaurants for delivery-only services.
Phumelela faces possible liquidation
Unless talks to raise capital are successful it will have to decide whether there is a reasonable prospect that its business can be rescued.
Redefine cautious as fundamentals deteriorate
The real estate investment trust has withdrawn full-year guidance and is holding back on its interim dividend.
Imperial offloads European shipping business
The logistics group says shipping was identified as being non-core to its Gateway to Africa strategy.
Equites holds fire on Pepkor warehouse
Due to the impact of Covid-19, the property fund says it would not be prudent to proceed on the original commercial terms.
BAT smouldering over tobacco ban
The tobacco giant says cigarette sales have only been restricted in a few countries as it reports a good start to its 2020 financial year.
Comair hits Covid-19 turbulence
The airline operator says the lockdown has caused conditions to deteriorate to the point where it is in a very difficult financial position.
After lockdown restrictions are over, the takeover consortium will need to take a fresh look at its books before making a firm offer.
EPP rallies as Polish centres reopen
The Polish property investors says retailers will be able to resume trading sooner than previously expected.
PPC cements CFO position as Covid-19 bites
The cement producer says overall SA sales volumes for April were about 95 percent lower than last year.
RCL circular held up by postal lockdown
The food producer says it is trying all avenues to facilitate timeous access to an important circular by all shareholders.
PSG confirms possible Capitec unbundling
The investment group wants to narrow the discount its shares trade at and avoid the burden of new regulations.
Edcon to file for business rescue
The lockdown was the final blow for the retailer, which was restructuring its business in a battle for survival.
RBPlat defers capex due to Covid-19
The platinum producer has withdrawn full-year guidance and will defer capital expenditure to safeguard its position.
Bell Equipment reduces salaries as it delays its results
The earthmoving equipment and articulated dump truck group is implementing short time across its operations and reducing executive and director remuneration.
MTN cautions about tougher conditions in Nigeria, Ghana
The mobile network operator reported strong first-quarter growth from both operations but said future conditions were likely to be more challenging.
Covid-19 a further blow to Labat Africa
The investment holding company is considering exiting its fuel investments to focus on growing its healthcare business.
Gemfields delisting from Bermuda
The coloured gemstones group says the listing is no longer required following its admission to AIM on the London Stock Exchange.
Atlantic Leaf maintains strong tenant base
The real estate investment trust says the only vacancy was the one left by collapsed travel firm Thomas Cook.<
Hudaco prepares for A2X listing
The automotive and industrial parts distributor will take the number of securities on the alternative market to 37 when it lists on 5 May.
Kore Potash makes progress with Dougou project
The exploration and development company expects to publish the pre-feasibility study next month as it moves towards its first potash production.
The banking group has pulled its earnings guidance for the year to end-June due to the continued deterioration in trading conditions.
MC Mining pushing ahead with Makhado funding
The coal producer continues to engage with potential capital providers and expects to have funding for the project in place by the end of September.
Wesizwe flags a full-year profit
Shares of the platinum producer rallied on news of a 200 percent improvement in its profitability.
Trematon positioned to weather Covid-19
The investment holding company says it is in a comfortable financial position and its Generation Schools business has adapted to online education.
Merafe reports output decline as production stops
The Glencore Merafe Chrome Venture put its operations on care and maintenance last month due to the national lockdown.
PSG cuts dividend as Capitec saves cash
The investment holding company is also looking for ways to unlock the discount its shares trade at as it considers corporate action.
Clicks maintains health during lockdown
While retail outlets are operating under sales restrictions, pharmaceutical distribution business UPD is in prime position to supply healthcare facilities with medicine.
Anglo cuts its cloth to fit Covid-19 curtailment
With a number of its mines operating at reduced capacity, Anglo has trimmed production guidance for the year and is cutting back on spending.
Sasol targets salaries as Covid-19 grips
The oil and chemicals group says it has to take all necessary measures to manage current market volatility and uncertainty.
Lockdown adds pressure to Cashbuild’s sales
The building materials retailer says its SA stores are operating under strict guidelines and reduced hours.
Octodec withholds dividend amid uncertainty
The property group says future payouts are at the mercy of a shrinking economy, rising unemployment and declining disposable income.
Gemfields steps up security to protect its gems
The Mozambican government recently released prisoners to reduce overcrowding in its prisons, including around 150 illegal miners.
Nu-World cushioned by offshore businesses
The consumer electronics group is expanding products and brands offshore as it battles weak consumer demand in SA.
Standard Bank prepares for worse bad debt
The bank says says credit impairment charges in the first three months of the year were significantly higher than a year ago.
KAP warns a dividend is unlikely as it cuts salaries
The industrial group says it is cutting costs, including its wage bill, and its board is unlikely to declare a dividend this year.
Liberty open for business - from home
The life assurer says the impact of volatile market conditions has been felt mostly in its Shareholder Investment Portfolio.
BHP maintains guidance despite Covid-19 setback
The mining giant expects full-year production to be in line with last year but may trim capital spending going into 2021.
Sasol slides as oil prices turn negative
The oil and chemicals group fell sharply before recovering most of its losses as oil futures contracts for May expired.
Quilter to proceed with dividend payout
The wealth manager says its financial position remains strong after completing part of its share buyback programme.
Stenprop says its properties remain in demand
The group says it continues to attract new tenants for its multi-let industrial properties through digital channels.
Eskom serves force majeure letters on Wescoal
Wescoal says Eskom has not yet indicated how its coal supply agreement with its power stations will be affected.
EOH speeds up disposals due to Covid-19
German firm RIB Software has accelerated its call option for the outstanding stake in CCS, while EOH has also sold LSD back to its sellers.
Life Healthcare preps for pandemic
The private hospitals group has suspended all non-urgent procedures, freeing up beds for an expected influx of Covid-19 patients.
Pandemic reins in horse racing
Phumelela says an extended lockdown could spell disaster for the local industry, resulting in rationalisation and job losses.
Steinhoff reports deteriorating conditions
The retailer says restrictions on trade due to social distancing and lockdown measures will hurt revenue this year.
South32 on track despite Covid-32 impact
The diversified miner says apart from some SA and Colombian operations, full-year production guidance remains intact.
Harmony set to restart local production
The gold producer says it will take up to five working days to restart its underground operations and steps have been taken to protect workers.
Exxaro questions Eskom's force majeure
The resources group says after consulting its lawyers, it does not believe the event constitutes a force majeure.
Ecsponent plans pref share restructure
The small cap financial services company wants to convert R2.56 billion in preference shares into equity following a change to its business model.
Murray and Roberts warns of Covid-19 hit
The engineering and construction services group says lockdown conditions will have a considerable negative impact on earnings.
Implats exec arrested as workers return
The platinum miner recalled some of its workforce last week as it prepares to increase production under government guidelines.
Road ahead uncertain as Zeder recovers
While providing essential services, the food and agriculture investment company says it is not to immune to challenges posed by Covid-19.
Mediclinic puts off operations to focus on pandemic
The private hospitals group has suspended non-urgent elective surgery to deal with the coronavirus pandemic.
Hulamin keeping a close eye on its cash
The aluminium products manufacturer says it is managing cash flows and costs daily as the lockdown continues.
Truworths may exit Office: report
Sky News reports that a professional services firm has been appointed to run an accelerated sales process for the UK shoe chain.
HomeChoice pulls dividend for now
The direct marketer and fintech company says it will release a revised dividend timetable with its interim results in August.
Vodacom increases capacity as demand soars
The network operator has applied for additional spectrum and plans to spend millions to add capacity due to more customers working from home.
Ascendis finds buyer for Scitec as it accelerates disposals
The pharmaceuticals and healthcare group says the proceeds will be used to reduce debt and enhance its balance sheet and liquidity.
Tiger Brands closes Durban bakery after Covid-19 scare
The fast-moving consumer goods group says staff who tested positive for the virus working in the admin building.
Schroder protected by diverse portfolio
The real estate investment trust has collected most of its rent for April but says it may postpone further dividends due to market uncertainty.
Net1 cancels Bank Frick option
The fintech group wants to maintain liquidity in the current uncertain environment and focus on opportunities closer to home.
AngloGold Ashanti restarts most operations
The Mponeng gold mine in SA is the only one of its 14 operations where production remains suspended.
Datatec still mulling Brazil listing for Logicalis
The ICT group is determining the impact of market volatility on the timing of the potential flotation.
The automotive group says full-year earnings will be as much as 15 percent down on last year.
Banks tumble as conditions deteriorate
Lower interest rates and the impact of Covid-19 and recent ratings downgrades are expected to weigh on earnings this year.
Capitec toes the SARB’s dividend line
The bank had planned a final payout but decided to heed the guidance of the Prudential Authority to hold back on dividends.
PSG Konsult raises dividend after tough year
Wealth management and insurance made up for a weak performance from asset management as market volatility took its toll.
Momentum Metropolitan buys Alex Forbes’ Namibian business
Alexander Forbes is exiting insurance so it can focus on its employee benefits operations and free up statutory capital.
Sirius collects most of its rent despite Covid-19
The German-focused real estate group says it is reviewing requests for deferred rent payments from a small number of tenants.
Safari’s tenants withhold rent due to lockdown
The shopping centre owner says five large national retailers are among those who have not paid rent this month.
Afrimat gets boost from iron ore production
The group will post a solid rise in full-year earnings thanks to its Industrial Minerals business and the Demaneng iron ore mine.
Zeder primes investors for higher earnings
The food and agriculture investment holding company says most of its businesses reported improved performances.
Mondi pulls dividend due to Covid-19 uncertainty
The group says it will consider an additional interim dividend for 2019 when it has a clearer view of the impact of the coronavirus.
Standard Bank to proceed with dividend payment
The bank joins Absa and Nedbank in making their final dividend payment for 2019 but may hold back on any distributions this year.
Sasol cuts output as motorists stay home
The group is suspending production at its Natref refinery and reducing output at Secunda as fewer motorists fill up due to the lockdown.
Tiger Brands mulls an interim dividend
The food producer says a payout will depend on circumstances, as it pledges to keep prices on hold for the duration of the lockdown.
Ascendis steps into the Covid-19 breach
A large number of its drugs, supplements and medical devices are in demand to help treat patients with the coronavirus.
Naspers and Prosus have the resources to endure Covid-19
The global consumer internet groups have cash on hand and measures are in place to protect employees and support key partners affected by the virus.
Covid-19 increases pressure on Stefanutti
The construction group says most governments in the countries where it operates have clamped down on non-essential projects.
Octodec withdraws dividend guidance
The company says it is committed to assisting tenants to navigate through the period as part of its retention strategy.
Banks urged to hold back on divs, bonuses
The Prudential Authority of the SARB has relaxed capital requirements for banks but wants them to preserve cash in return.
Imperial protected by critical industries
The logistics group has withdrawn earnings guidance but says a number of its businesses continue to deliver critical products.
EOH cuts salaries to ride out Covid-19
The technology group is taking a number of measures to secure its sustainability as a key player in the SA IT infrastructure.
RDI confident despite tenant arrears
The UK and German property owner says it has a strong track record of income resilience dispute current short-term disruptions.
Woolies execs agree to pay cut for staff
The retail group has warned that earnings are likely to be more than 20 percent down from last year as the lockdown curtails sales.
Gemfields’ auctions grind to a halt after a record year
Sales will come under pressure as the group cannot hold its regular auctions of coloured gemstones.
Grindrod hampered as trade corridors close
The decision to allow some mines to continue operating may mitigate the impact of Covid-19 on its Port and Terminals operations.
ELB Engineering Services enters business rescue
The engineering and capital equipment supplier says conditions are likely to continue deteriorating due to Covid-19.
The airline operator gave no reason for pulling out of the deal, which was aimed at extending its diversification strategy.
Chips are down for Famous Brands
Apart from its Lamberts Bay Foods business, all restaurants and manufacturing plants have shut for the duration of the lockdown.
AfroCentric shielded from lockdown conditions
The healthcare group says there has been a spike in demand for some products, while Medscheme continues to process claims and assist members.
The technology group says it will report a much reduced first-half loss but is unsure of what lies ahead due to the pandemic.
Hamstrung AMSA declares force majeure
The steel producer has suspended operations and says it will be reducing the salaries of workers for the next three months as conditions deteriorate.
EasyEquities turns profitable for Purple Group
The online share investment platform has reached a tipping point, with more than 150-thousand active users.
Due to exemptions for goods critical to the economy, the group can continue loading iron ore at two of its mines in the Northern Cape.
Cheap eggs hit Quantum's earnings
The poultry producer says rising volumes were not enough to offset the impact of lower egg prices and higher feed production costs.
Altron considers listing Bytes
The technology group says it will start to lay the groundwork now and will assess market conditions for a listing closer to the time.
Famous Brands writes off UK burger chain
The casual dining restaurant group may impair the full value of its investment in Gourmet Burger Kitchen due to the open-ended lockdown.
Libstar postpones dividend to preserve cash
The food group says retail channels have picked up but sales to restaurants, cafes and bars have dried up.
Moody’s downgrades SA banks to junk
The ratings agency says borrowers will find it more difficult to repay loans due to the weak economy, resulting in higher credit impairments.
Afrimat to keep producing iron ore
The materials group says the government has created exemptions for goods deemed critical to the health of the economy and its recovery post-crisis.
York battles against cheap imports
The timber producer says dumping of uncertified Brazilian plywood resulted in a sharp decline in international prices.
Zeder announces Pioneer windfall
The special dividend is less than planned as the investment group is holding some of the sale proceeds back due to uncertain market conditions.
Attacq withdraws dividend guidance as it works with tenants
The REIT has already paid its interim dividend but says it does not know how its full-year payout will be affected by Covid-19.
Net1 says fee income will come under pressure
The fintech and payments group says while the third-quarter impact will be muted, the three months to June are the ones to watch.
Sasol guards against ongoing volatility
The oil and chemicals group has put hedges in place as it warns that weaker demand and pricing could impact earnings this year.
Sanlam lines up new leadership
Former Old Mutual executive Paul Hanratty replaces CEO Ian Kirk, who will stay on until December to help address Covid-19 challenges.
Covid-19 adds to Workforce’s challenges
The group says while some of its clients and businesses have been affected by the lockdown, it has the resources to deal with the situation.
RMH assessing optimal timing for FirstRand unbundling
The investment holding company says it is committed to the restructuring of its portfolio but Covid-19 has caused unprecedented market turmoil.
Harmony shuts underground mines
The gold producer says output from its SA mines will fall by around three quarters during the 21-day lockdown.
Capital & Regional’s tenants behind on their rent
The community shopping centre owner says it is engaging with retailers after collecting just half of its second-quarter rent.
What does COVID-19 mean for your personal finances?
The coronavirus that started in Wuhan in China in late 2019, has now engulfed the world and wreaked havoc upon the global economy.
Barloworld hunkers down for the long haul
The industrial group is implementing austerity measures but says its strong balance sheet should support it through a tough period.
Metair postpones dividend as it warns of lower earnings
The group says it wants to provide its underlying businesses with additional financial flexibility due to the impact of Covid-19.
Nampak gets temporary relief from weak rand
The diversified packaging group has also warned that prolonged disruption to its supply chain could impact future operating results and cash flows.
Sappi reports falling demand due to Covid-19
Orders for graphic paper and dissolving wood pulp have come under pressure but it expects packaging material to be more resilient.
Insurers prepare for Covid-19 claims
Sanlam says it has a R760 million pandemic reserve created specifically for an event of this nature while Santam is assessing its exposure.
EasyEquities sees demand for beaten-down shares
Sasol is attracting significant attention from clients following a massive decline in its share price this year.
Exxaro to help keep the lights on
The coal producer says it will keep supplying Eskom as well as export customers to help generate foreign exchange for the country.
Anglo revises guidance on scaled-back operations
The diversified mining group has trimmed production guidance for coal and iron ore this year as it temporarily reduces its workforce and output.
South32 cuts back on spending due to Covid-19 uncertainty
The diversified mining group is trimming its capex budget and has suspended its share buyback programme in order to protect its finances.
Macozoma to take the chair at Vodacom
The well-known businessman replaces Jabu Moleketi, who has been on the Vodacom board for the past 11 years.
Resilient withdraws dividend guidance
The shopping centre owner has been giving rental concessions to Edcon but may now receive no rent from the retail group at all.
Dame Inga Beale, the first CEO of Lloyds of London, will replace Dr Edwin Hertzog at the AGM of the hospital group in July.
Distell ready for alcohol-free lockdown
The wine and spirits producer is halting most of its production but will continue to make alcohol for sanitisers.
intu in talks with banks as tenants withhold rent
The shopping centre owner received less than a third of rent owed to it by the due date this week.
Capco halts share buybacks due to Covid-19
The London property owner says it is conserving cash as it negotiates payment plans with tenants who are affected by trading restrictions.
Afrimat to suspend most operations
The industrial minerals, bulk commodities and construction materials group says it is too early to quantify the potential impact.
Growthpoint going ahead with dividend payment
The real estate investment trust says given the current uncertainty it has withdrawn its full-year guidance.
Mr Price prepares for lockdown sales knock
The value retailer says it will not make any local sales at all over the next three weeks, starting its 2021 financial year on the back...
Sirius getting fewer tenant enquiries
The German real estate group says underlying occupancies are likely to dip but demand for storage space is on the rise.
The construction and infrastructure group says it remains committed to future dividends once circumstances permit.
Wescoal to maintain coal production
The company says as an essential services provider, it will continue supplying coal to Eskom and other essential services like hospitals.
The resources group will become the third from the sector to list on the alternative exchange.
Vivo Energy taking precautions
Its petrol stations remain open and it is supplying commercial customers but there has been a drop in aviation and transport volumes.
Emira withdraws dividend guidance
The property fund says it is unclear how Covid-19 will impact its balance sheet and distributable income.
Sasfin still in talks with Arise
The niche bank and financial services group says discussions with the European investment and development company are ongoing.
Sibanye-Stillwater likely to miss guidance
The group is placing its local mines on care and maintenance and scaling back on new project work in the US.
Sappi declares force majeure at Saiccor Mill
The pulp and paper producer says the Vulindlela expansion project will undergo a controlled shut down due to the pending lockdown.
Miners seek clarity on Covid-19 lockdown
Most mines are being placed on care and maintenance but some remain critical to the economy, including those supplying coal to Eskom.
Master Drilling benefits from diversification
The drilling services specialist has maintained a stable order book as it develops new technology and makes complementary acquisitions.
Brait likely to take a hit from coronavirus
The investment group says companies in its portfolio will be affected differently by the pandemic, with most of its Virgin Active gyms closing.
Hotel and casino operators close shop
Operators in the hospitality sector are preparing to close almost all their operations for the duration of the countrywide lockdown.
Dividends postponed as companies conserve cash
Mpact and Trellidor have delayed payment of their dividends until September in order to preserve financial liquidity due to current uncertainty.
Banks ready to assist customers
Standard Bank says it remains well capitalised and liquid but cannot estimate the likely negative impact Covid-19 will have on its performance.
Famous Brands restricted by Covid-19 rules
The casual dining restaurant group is beefing up its home delivery capability but says trading will become increasingly difficult, impacting sales this year.
Rhodes reports rising demand for tinned goods
Households are stocking up on long life products including canned meat and vegetables and baby food due to Covid-19.
Dividends on hold as companies batten down the hatches
A growing number of property groups say retaining cash will help them weather the difficult conditions that are likely to continue for the short term.
ADvTECH defers dividend as pandemic spreads
The private education and staffing group says it will revisit the situation at its May board meeting and may resort to share buybacks.
Alexander Forbes halts Mercer share buybacks
The companies say they will revisit the share repurchase at a later date once markets have settled.
New focus pays off for Grand Parade
The investment group has liquidated loss-making franchises and is disposing of businesses so it can improve shareholder returns.
MTN slashes data prices in CompCom deal
The network operator says it will reduce the price of its monthly bundles by up to a half next month.
Covid-19 adds to Investec’s challenges
The bank and wealth manager will report a decline in full-year earnings, with the pandemic impacting fourth-quarter results.
Datatec benefits from more home workers
The ICT group says its Logicalis and Westcon division have reported rising orders for remote access computing, security and collaboration networks.
Steinhoff sales impacted by Covid-19
While supply chain disruptions are easing, the retail group says turnover will be impacted as European countries restrict trading.
AngloGold closes Argentine mine due to Covid-19
The gold producer says it is developing plans to help regain delayed production once mining operations resume.
Amplats counts the cost of plant repairs
The group is reviewing its capex plans for the year due to the expense of fixing the converter plant at its Waterval smelter.
The investment group has grown its intrinsic value during a turbulent period thanks to an increase in the value of the data network operator.
Capitec moves to calm investors
The mass market bank and lender has defended the resilience of its business model following a sell-off of its shares this week.
EOH cuts losses as restructuring progresses
The technology group is halfway through a two-year turnaround as it cuts costs, sells non-performing businesses and reduces debt.
Sasfin ready to deal with Covid-19 fallout
The bank says it is taking steps to protect stakeholders and has appropriate capital, liquidity and funding buffers in place.
The manufacturer has benefited from new vehicle launches but says it is already seeing declines in new vehicle sales and exports due to the pandemic.
Libstar dishes up higher earnings
The branded food producer and distributor has benefited from improving profit margins and a lower interest bill.
Balwin says residential demand remains strong
The residential property developer says it is keeping a close watch on the Covid-19 virus despite strong demand for its lifestyle apartments.
PPC sees signs of stabilising volumes
The cement producer says year-to-date sales are down in SA but most of its international operations have continued to grow revenue.
TeleMasters flags higher earnings
The telecommunications solutions company credits a debt recovery for the improvement.
Unicorn warns of steeper losses
The mining services group is no longer selling its Nkomati Anthracite and Benison Coal operations but has earmarked others for disposal.
Remgro calls for coordinated Covid-19 action
The company has reported a small rise in first-half earnings but the outlook is uncertain due to the impact of Covid-19.
Sasol mulls cash call to deal with fallout
The oil and chemicals group has outlined a package of measures aimed at resetting its balance sheet so it can endure a low oil price.
Anglo wraps up Sirius acquisition
The diversified mining company says the polyhalite project supports its ongoing transition to supplying essential metals and minerals to meet evolving needs.
Vodacom prepares for more home workers
The network is ensuring that it has enough network capacity to enable people and businesses to seamlessly work from home.
Sibanye steps in with Marikana processing
The platinum producer will process most of the metal it used to deliver to Amplats using spare capacity at its Markina operations.
Sun International shuts Latam operations
The hotel and casino group says the authorities have closed its operations and there is no certainty on when they will be allowed to reopen.
Ninety One lists in volatile market
Investec decided against a global offer of its shares due to current market volatility.
Taste liquidates Domino’s after failing to find a buyer
The investment group says a deal could not be concluded on acceptable terms and further financial support was not forthcoming.
Old Mutual warns of growing risks
The insurance giant says it is likely to miss its targets this year due to market disruptions and weaker growth.
Bell Equipment warns of earnings slump
The group blames weaker demand, particularly in its home market, and a rising interest bill due to higher inventory levels.
The group says its production facilities and operations were unaffected after it restricted access to its IT infrastructure.
Shopping mall owners warn about Covid-19 fallout
Restricted trading in several European countries will place pressure on tenants and rentals as governments try to contain the coronavirus.
Indluplace reduces vacancies in tough environment
The real estate investment trust says occupancy numbers are satisfactory but it is unable to push through big rent increases due to the weak economy.
Peregrine rallies on private equity offer
Capitalworks is offering shareholders R21 per share to take the company private, with the option of retaining unlisted stock.
MC Mining’s losses widen on weaker coal prices
The coal producer says it has made good progress with the Makhado coal project as it targets the premium hard coking coal market.
AfroCentric boosted by acquisitions
The Medscheme owner says its growing trading businesses contributed to a strong rise in first-half operating profit.
Telkom hit by retrenchment costs
The first phase of a restructuring process will result in costs of about R1.5 billion, which will affect earnings this year.
The insurance group says its operational performance was strong last year, while earnings declined due to one-off costs.
The diversified resources group plans to include more renewable energy in its portfolio as part of its response to climate change.
The shopping centre owner has blamed a massive write-down in the value of its portfolio for a loss last year.
Sasol caught up in market turmoil
The group is confident its foundation business is capable of generating positive cash flow from operations in a low oil price environment.
Investec scraps Ninety One stock sale
The financial services group decided against selling a stake in Ninety One to new investors due to the current market turmoil.
MTN boosted by operations outside SA
The network operator also says CEO Rob Shuter will step down when his four-year contract expires next year.
Absa banks on Africa regions as local growth dwindles
The banking group has grown full-year earnings thanks to stronger performances from its operations outside the country.
Ascendis battens down the hatches
The pharmaceuticals group plans to slash costs and sell more businesses as it restructures its balance sheet and reduces debt.
Growthpoint warns of flat 2020 dividend
The real estate investment trust says growth in its annual dividend will be nominal at best.
The wealth manager says it will halve its shareholder base, including many Old Mutual policyholders who received shares during its unbundling.
Pepkor warns of COVID-19 stock shortage
The effect of the coronavirus has not been significant so far but the retail group says it could affect stock availability later this year.
FirstRand warns of weaker growth
The banking group says it is not immune to the serious macroeconomic challenges facing the country, which it is affecting all customer segments.
Vodacom reaches social pact with CompCom
The network operator will slash the price of data bundles and provide some free services after the Competition Commission weighed in.
Texton trims debt in challenging environment
The real estate investment trust has faced headwinds in SA and the UK and expects its operating environment to remain challenging for now.
Transaction Capital maintains momentum
The financial services group says its taxi finance and debt collection services businesses have remained highly defensive in a tough market.
Brimstone opts for capitalisation to conserve cash
The group plans to issue additional N shares to investors as it holds onto its cash to reduce debt and make investments.
The fast-moving consumer goods group has reported mixed fortunes as South Africans watch their spending.
Merafe underwhelmed with its results
The group reported a loss due to lower production, weaker prices and an impairment due to the discount its shares trade at relative to its NAV.
Trellidor trims dividend as weak economy bites
The security gate and shutters group says the weak economy, house price deflation and poor confidence have weighed on sales.
Metrofile increases dividend ahead of takeover
Shareholders will receive the interim dividend on top of the offer price made by the Housatronics Consortium.
Amid the market mayhem, Assore to delist
After 70 years on the JSE, the mining holding company says it is more suited to an unlisted environment.
Moody’s cuts Sasol to junk on rising debt
The ratings agency says free cash flows will not materially reduce debt built up following delays and cost overruns at its US chemicals project.
Sanlam warns profit could fall by a quarter
The insurance group says stripping out one-off charges, results for 2019 reflect a sold operational performance.
Capitec primes shareholders for higher earnings
The bank expects full-year earnings to be up to 21 percent higher than last year.
Amplats declares force majeure
The platinum producer has cut its product target and says it will take over a year to repair a converter that was damaged in an explosion...
Pioneer on track for delisting
The approval of the Competition Tribunal means Pioneer will go ahead with its delisting in just over two weeks.
Standard Bank stifled by economic malaise
The banking group says its core operations proved resilient despite difficult trading conditions.
Momentum Metropolitan gains traction
Halfway through its Reset and Grow strategy, the insurance group had delivered a double-digit increase in earnings.
STADIO beats prelisting forecasts
The higher education group grew student numbers last year despite a decline in enrolments at Milpark Education.
Santam affected by rising catastrophe claims
The general insurer has maintained an underwriting margin at the top end of its target range despite higher claims.
Aspen keeping a watch on COVID-19
The group says excluding the potential impact of the coronavirus, it has set a strong solid base for its full-year performance.
intu ditches cash call on extreme conditions
The shopping centre owner says it remains focused on fixing its balance sheet and may sell more properties.
Mpact trims dividend after tough year
The group says there has been no impact on sales or supply chains from the coronavirus yet but it is keeping a close watch.
Afrox lifted by healthcare deal
The gases and welding group has reported a big rise in full-year profit thanks it its growing healthcare business.
Grindrod’s new focus yields results
The freight, logistics and financial services group is positioning itself for opportunities in key trade corridors in Africa.
Murray’s plan falls into place as orders roll in
The engineering and construction group says its Oil and Gas platform is positioned to become a meaningful contributors to earnings.
Adapt IT rallies as it halts acquisitions
The software and digital solutions provider is prioritising getting its debt back to targeted levels.
WBHO resumes dividend despite more provisions
The construction and infrastructure group has made further provisions as it completes the Western Roads Upgrade project in Australia.
Cashbuild maintains dividend despite tough trading
The building materials retailer says strong cash flows supported its interim dividend even though earnings declined.
The real estate investment trust says its first-half performance was supported by its SA portfolio and strong dividends from MAS Real Estate.
RBPlat delivers record results
The platinum producer says the ramp-up of its Styldrift mine and strong cash flow generation should support future dividends.
Delta and Rebosis fail to agree on merger
The property funds have called off a merger of their businesses for the second time, sending their shares higher yesterday.
Nedbank misses targets as recession bites
The banking group expects earnings for the year ahead to grow in line with the economy plus inflation.
Bidvest still on the lookout for deals
The industrial services group says its debt levels remain comfortable and it will consider strategic investments here and offshore.
RCL’s Master Plans for sugar and chicken
Industry frameworks are being developed to address challenges local poultry and sugar groups continue to face due to cheap imports imbalances.
Sea Harvest reports a strong 2019 catch
The group has benefited from acquisitions and improved margins at its SA operations but has warned of weaker abalone sales due to the coronavirus.
MAS Real Estate lifts dividend on strong CEE performance
The property investors aims to dispose of the remainder of the Western European property investments by next year.
Datatec may list Logicalis business in Brazil
The ICT solutions and services group has appointed advisors to look into a possible flotation of its Latin American business on the B3 exchange.
Cartrack attracts foreign interest
The group says a foreign investor proposes floating a restructured group on a major stock exchange with a secondary listing on the JSE.
Northam buys more prefs as earnings surge
The platinum producer says it may consider resuming dividends in the medium term after it has de-risked the Zambezi preference share structure.
Diversified portfolio cushions African Rainbow
The commodities group has lifted its interim dividend by a quarter, supported by a strong rise in prices for platinum group metals.
Blue Label returns to a profit after Cell C write-off
The group is now focused on improving cash generation, reducing debt and improving returns to shareholders.
Tongaat sells starch unit to Barloworld
The sugar producer and land owner will use the proceeds to reduce debt in line with a financing agreement with its lenders.
CIG makes progress under tough conditions
The infrastructure group says although its turnaround will still take some time a solid platform has been established.
BAT smoulders on higher dividend
The cigarette maker has grown its share of a declining market and raised prices to compensate for lower volumes.
Coronavirus hits AB InBev's sales in China
The brewer says the pandemic is likely to result in a 10 percent decline in first-quarter EBITDA, with the impact continuing to evolve.
No dividend as Massmart tackles turnaround
The retailer and wholesaler has swung to its full-year loss and is now preparing to rejig its business and close unprofitable stores.
Mondi increases dividend despite a dip in earnings
The paper and packaging group says it remains highly cash generative and is seeing evidence of pricing stability in certain segments.
Implats reinstates dividends, saves jobs
The platinum producer has benefited from a 41 percent rise in the rand price of its metals while sustaining its operating performance.
Coronavirus makes 2020 even tougher for Steinhoff
The furniture manufacturer and retailer says it is taking a number of steps to mitigate against any potential effect of the pandemic.
Grindrod Shipping says coronavirus has disrupted trading patterns
The shipping group says the pandemic has shown the high interdependence of all regions and industries due to globalisation.
Motus steers through hazardous conditions
The automotive group says the impact of the coronavirus on the production and supply of cars and spare parts is an added risk.
Comair buffeted by strong headwinds
The airline operator has swung to a half-year loss and has suspended dividend payments due to its current financial status.
Capco focused on London’s West End
The London property owner has reported a decline in its property portfolio and net asset value after selling its Earls Court development.
Curro marked down for weaker earnings
The private school group says it was affected by its decision to retain learners in a depressed economy, while its interest bill rose.
Shoprite brings in more high-end customers
The retailer is also forming a joint venture with Equites Property Fund to manage and develop a portfolio of logistics properties.
AECI benefits from restructuring
The chemicals and explosives group is taking measures to mitigate the impact of the coronavirus on its African mining operations.
Imperial holds up under deteriorating conditions
The logistics group has benefitted from the rationalisation and cost-cutting it implemented last year.
Hammerson rebases dividend on rental pressure
The shopping centre owner has maintained its 2019 dividend but warns that it will come down sharply this year.
Libstar prepares to dish up higher earnings
The food group has benefited from margin improvement and a lower interest bill after it used its listing proceeds to reduce debt.
Market bloodbath adds to Sasol’s woes
The oil and chemicals group has cut its interim dividend as a weaker oil price and costs at its Lake Charles project decimated earnings.
L2D maintains dividend in tough environment
The shopping centre owner says its conservative gearing provides a buffer against the current economic climate.
Tough conditions puts the brakes on Super Group
The logistics and supply chain group says it faced difficulties in all its main operating geographies.
JSE maintains payout in a volatile market
The stock exchange operator says a strong cash position supports its unchanged full-year payout despite lower earnings.
Adapt IT holds back on dividend
The software and digital solutions provider is not paying an interim dividend as it reviews its capital structure due to elevated debt.
Blue Label flags a return to profit
The prepaid products group wrote off its investment in Cell C last year and said it would have no impact on current earnings.
AngloGold shines on higher gold price
The gold producer has increased its dividend by more than 50 percent as rising metals prices boosted its cash flow.
NEPI Rockcastle beats guidance with its dividend
The shopping centre owner has benefited from rising rentals as more shoppers visit its centres in Central and Eastern Europe.
Assore hurt by weaker commodity prices
The mining holding company has cut its dividend by 30 percent after weaker commodity prices resulted in lower annual earnings
The pharmaceuticals group says the recent sale of its Japanese business will bring debt close to its medium-term target.
Aveng to report reduced losses
The engineering and infrastructure group says mining services subsidiary Moolmans turned in a first-half operating profit.
Tongaat sells Umhlanga land to Balwin
The sugar producer and KZN and owner is selling assets to reduce debt to levels negotiated as part of a financial arrangement with banks.
Woolies trims dividend after tough period
The retailer says it is looking for ways to mitigate the risks associated with the coronavirus at its Australian operations.
Truworths maintains dividend in tough environment
The retailer has been affected by difficult trading conditions including weak economic growth, load shedding and Brexit uncertainty in the UK.
Anglo benefits from higher iron ore, platinum prices
The diversified mining group has increased its payout by 9 percent following a strong performance from its PGM and iron ore operations.
VitalityLife mars Discovery’s results
The financial services group says its performance was affected after it mitigated its exposure to low interest rates in the UK.
Amplats appoints new female CEO
Anglo American head of processing Natascha Viljoen will replace Chris Griffith at the AGM in April.
Stadio rallies on trading statement
The private tertiary education group says core headline earnings will be up to 29.9 percent higher than the previous year.
Grand Parade to flip its last burger
The food and casino investment group will dish out the proceeds from the Burger King sale to shareholders as a special dividend.
Bidcorp adds coronavirus to its challenges
The global food services group says the unfolding coronavirus pandemic is likely to impact growth prospects in the months ahead.
Dis-Chem claims market-share gains in constrained environment
The discount pharmacy group says the weak macroeconomic environment is unsupportive of business as customers trade down.
Sibanye positioned to resume dividend payouts
The gold and platinum producer is confident it can continue reducing debt after a strike disrupted its operations early last year.
Emira cushioned by offshore expansion
The property fund has rebalanced its portfolio over the past three years, including a bet on US retail property.
The airline group has now increased the loss allowance for a settlement owed by SAA to the full outstanding amount of R790 million.
Coronavirus fails to derail Kumba dividend
The group will pay out 92 percent of headline earnings to shareholders after rising iron ore prices boosted earnings.
BHP cautious about coronavirus
The mining group says unless the virus is contained by the end of March it could affect global commodities demand.
Pan African delivers on strategy despite obstacles
The gold producer says its Evander project achieved on all development milestones, on schedule and budget.
Write-downs push Glencore into a loss
The commodities producer and trader impaired some of its assets following a decline in commodity prices.
KAP Industrial pummelled by polymers
The diversified industrial group will assess its polymers unit for a possible impairment due to a cyclical downturn.
WBHO flags higher earnings despite Australian losses
The construction and engineering group says first-half earnings per share are likely to triple.
Merafe prepares investors for a loss
The group blames weaker chrome prices and an impairment it raised after its shares traded at a discount to NAV.
Amplats CEO to step down after record year
The group has reported record earnings and declared a special dividend helped by buoyant metals prices in a fatality-free year.
Bidcorp to report slowing growth
The global food services group says first-half earnings reflect the challenging environment in many of its operational geographies.
Discovery hindered by UK life business
The financial services group will report a decline in first-half earnings due to a hit at VitalityLife and increased investment spend.
AB InBev goes broader with new BEE scheme
The holding company for the new black economic empowerment scheme will list on the JSE so black investors can trade in its shares.
African Rainbow to present a mixed bag
The diversified mining group says higher earnings from PGM metals and iron ore were offset by weaker results from manganese, nickel and coal.
Mpact to report a loss after impairing mills
The paper and plastics packaging group raised the impairments due to a weak trading environment and weakness in its share price.
Resilient holds up as Edcon scales back
The real estate investment trust says distributable income was impacted by its renegotiated rental agreement with the retail group.
Sibanye continues its heady rise
After a difficult first half, the gold and platinum producer has reported a strong turnaround for its second six months.
After a weaker first-half, the group will report a rise in full-year earnings as the benefits of strategic realignment projects start to emerge.
Blue Label pockets cash for disposals
The prepaid airtime and services group is selling some smaller investments to reduce debt and strengthen its balance sheet.
Adapt IT warns of earnings decline
The IT solutions group has been affected by a difficult trading environment, rising finance costs and new accounting standards.
The precious stones miner and marketer has listed on the Alternative Investment Market as it tries to lure more investors.
Mpact reaches settlement with CompCom
The packaging group maintains that the relationships with the companies it acquired stakes in were above board.
South32 reports lower earnings as prices decline
The diversified mining group says its operating profit remained strong and it has paid a special dividend due to its robust financial position.
The agricultural processing group is disposing of some assets as it tries to get its debt under control.
Italtile grows earnings in challenging environment
The tile manufacturer and retailer has continued to open new stores and is piloting a new lighting division.
Comair hits turbulence as costs rise
Recent headwinds include rising operational costs, the grounding of its Boeing MAX 8 aircraft and the SAA business rescue.
Given its healthy position, the gold producer says it has decided to go ahead with the construction of its Salares Norte project in Chile.
Pioneer takeover gets Commission approval
The Commission has attached a number of conditions including job retention, investment and an empowerment deal worth at least R1.6 billion.
Harmony buys AngloGold’s last SA mine
Separately, AngloGold Ashanti said a non-cash impairment charge following the sale of Mponeng would result in flat to lower full-year earnings.
Tiger Brands still under pressure
The food group says it has made good progress with the disposal of its processed meats business as it prepares investors for lower earnings.
DRDGOLD declares dividend as profit jumps
The gold mine tailings retreatment specialist benefitted from a 26 percent rise in the gold price as it increased production by a third.
Barloworld monitoring coronavirus
Amid already weak macroeconomic and trading conditions, the group says there is concern over its negative impact on growth and commodity prices.
Harmony profits from higher gold price as output declines
The gold producer has lowered full-year production guidance due to grade issues at its Kusasalethu and Moab Khotsong mines.
Ecsponent sinks as it warns of default
The small cap financial services company says it will not be in a position to redeem preference shares that are due for payment next month.
intu slumps as Link shuns recapitalisation
The shopping centre owner says it remains engaged with shareholders and potential new investors after the Hong Kong REIT withdrew.
Investec Fund grows European logistics exposure
The property fund has increasing its stake in its Pan European Logistics platform as it takes advantage of growth in e-commerce.
The retailer and wholesaler has faced challenging conditions in all three of its main geographies as it expands into Poland.
Full-year results will be distorted by the adoption of new accounting standards and a number of non-operational items.
First-half operating profit likely tripled and the platinum producer has bought more of its Zambezi prefs without increasing its debt ratio.
Investec shareholders back Ninety One listing
The shareholder vote paves the way for Ninety One to demerge from Investec on 13 March and list three days later.
intu flirts with new cornerstone investor
The debt-laden shopping centre owner says it is in discussions with shareholder Peel Group and and Link REIT to back a cash call.
Super Group slowed down by tough conditions
The logistics and supply chain group has been impacted by the weak local economy and a big decline in German car making.
Brimstone takes control of Obsidian
The transaction fits its strategy of having control or significant influence over its portfolio of unlisted investments.
Workforce wraps up Chartall acquisition
The services holding company says its training cluster will make a bigger contribution to future revenue and earnings.
EOH appoints Mthembu as new chair
The group considered a number of external candidates but Mthembu stood out due to his industry experience and knowledge of the company.
Italtile weathers the tough economy
The tile manufacturer and retail has managed to grow first-half earnings but has toned down its guidance for the second six months.
Mediclinic wins case for Klerksdorp hospital group
After the Competition Tribunal upheld a recommendation that the takeover be prohibited, the matter was referred to the Competition Appeal Court.
Net1 expects more losses as it reinvests
The fintech and payments group will spend some of the proceeds from the sale of its Korean business to grow its SA and European operations.
Pioneer doesn’t expect CMA to delay takeover
The food group says it is waiting for news from the relevant authorities and will provide more feedback this week.
AMSA slumps to a loss after toughest year
The steel producer has faced falling prices for its products, rising input costs and weak demand due to the stagnant local economy.
Implats benefits from higher PGM prices
Its shares fell close to 10 percent at their worse despite it flagging a strong rise in first-half profit.
Gold Fields ends 2019 with a shine
The gold producer exceeded its production target while cutting costs and benefitting from a higher gold price.
Higher gold price makes up for lower production at Harmony
The gold producer will report significantly higher first-half earnings despite a dip in production due to grade issues at two of its SA mines.
AVI gets a lift from Simplot sale
The consumer goods group says 2020 earnings will be boosted by the sale last year of its interest in the Simplot Australia joint venture.
OneLogix reports lower earnings as volumes decline
The niche logistics group has reported a big drop in cross-border volumes and expects trading conditions to remain tough.
The embattled retailer has rallied this week following reports that private equity buyers are circling its Pepco Group subsidiary.
Sappi bogged down by weak pulp prices
A good performance at its packaging and specialities segment was not enough to make up for the unprecedented fall in DWP prices.
The pharmaceuticals business has reported strong international sales and an improvement at some of its SA businesses.
Universal Partners takes Techstream stake
The investment will be the sixth since the company listed on the Alternative Exchange of the JSE in August 2016.
Vodacom prepares for 5G rollout
The mobile network operator says a roaming agreement with Liquid Telecom means it can launch fifth generation wireless technology this year.
The group is evaluating and undertaking a number of strategic and operational initials including a review of its capital allocation.
City Lodge warns of lower earnings
The hotels group says trading conditions have been weak and it has also been impacted by the implementation of new accounting standards.
Glencore benefits from Katanga ramp-up
The commodities producer and trader grew cobalt production by 10 percent as it boosted output at the DRC mine.
A consortium majority owned by Astoria Investments plans to refocus CNA as a retailer of books, stationary and magazines.
Tongaat slumps as trading resumes
The decline in its shares will make it more expensive to use equity to pay down its massive debt pile.
RBPlat settles early with Amplats
The platinum producer has paid in full for the remaining stake in BRPM that it acquired from Amplats late last year.
Barloworld buys Mongolian Caterpillar dealer
The earthmoving equipment has bought Wagner Asia Equipment in line with its strategy to allocation capital to opportunities that complement its competencies.
Orion Minerals encouraged by Australian drilling results
The Australian minerals explorer says the Fraser Range Belt in Australia bears similarities to the Areachap Minerals Belt in the Northern Cape.
Merafe JV hit by load shedding
The decision by Eskom to increase load shedding in December was one of a number of factors leading to lower ferrochrome production.
Sasol prepares investors for earnings fall
The energy and chemicals group blames lower prices for its products and costs associated with its Lake Charles Chemicals Project in the US.
The asset manager aims to demerge from Investec and list in London and Johannesburg in mid-March.
Tongaat sweetens results with recovery plan
The sugar producer and land owner is expected to resume trading of its shares on the JSE after releasing interim results on Friday.
Hudaco calls for urgent action
The automotive and industrial parts distributor says meaningful action is needed from the government to kickstart the economy.
Momentum Metropolitan winds up Alex Forbes deal
The insurance group says the acquisition of AFI will position it in the top three short-term insurers in SA
CFO Brenda Berlin will take over in an acting capacity as the coal miner continues to secure funding for its Makhado project.
Sasol says Lake Charles continues to kick into gear
The chemicals and energy group says the ethoxylates unit at Lake Charles has achieved beneficial operation, ahead of schedule.
Ascendis breaks silence on failed Remedica sale
The pharmaceuticals group says it remains committed to deleveraging its balance sheet but will not sell Remedica on the cheap.
DRDGOLD gets the benefit of West Rand tailings
The tailings retreatment specialist says its interim results include the first period of full production at Far West Gold Recoveries.
EOH makes headway with cost savings
The technology group says it has continued trimming the fat as trading conditions remain difficult.
Game on for Massmart as it aims for recovery
The retail and wholesale giant will collapse its four divisions into two amid a deteriorating performance.
Ellies sells property ahead of results
The consumer and commercial electronics manufacturer is expected to release its interim results by tomorrow.
Finbond plans to repurchase cheap shares
The mutual bank and lender says buying back undervalued shares makes good use of its excess liquidity.
Renergen misses equity-raise target
The emerging gas and helium producer says it is happy with the support it received and now owns 100 percent of its Virginia Gas Project.
Insider takes top position at Tiger
Noel Doyle will have to deal with the sale of Enterprise Foods and a class action lawsuit following the 2017 listeriosis outbreak.
The sugar producer and land owner says its suspension may be lifted next week, giving investors time to absorb its latest financials.
The shopping centre owner is disposing of assets and planning a rights issue as it tries to get its balance sheet in order.
Blue Label punished as Cell C defaults
The decline came despite a debt standstill and after Blue Label impaired its investment in the mobile network operator.
The platinum producer will report headline earnings up to two-and-a-half times higher than 2018 thanks to stronger PGM prices.
Diversification pays off for Lewis
The furniture and appliance retailer says strong Black Friday sales helped boost revenue as it extends its focus.
Spur deals with economic reality
The restaurant group says conditions have been challenging due to the weak economy, rising unemployment and increasing costs.
Woolworths marks down earnings
Strong food sales stood out in a tough period for clothing and homeware and continued difficult conditions in Australia.
Sasol takes Amaglug-glug to A2X
The petrochemicals group says the secondary listing is aimed at increasing value for shareholders and providing more trading options.
Investec fund reduces SA exposure
Investec Property Fund has sold two SA malls which will provide further funding capacity for its growing European logistics portfolio.
Net1 offloads Korean firm to focus on core strategy
The group said KSNET was not reflected in its overall value as it sold it for more than its current market capitalisation.
Pembury addresses CEO, governance concerns
The private schools group says its CEO is resisting after being placed on temporary leave as it investigates various concerns.
Sasol claims limited damage at Lake Charles
The petrochemicals group says an explosion a fortnight ago only affected one unit at the US chemicals project.
Pepkor held back by late start to school year
The late start to the school year meant many parents put off buying new uniforms until January.
Pan African on track to meet guidance
Despite electricity constraints and unrest at Barberton Mines, the gold producer is more than half-way towards its target.
Bowler Metcalf recovers from plastics strike
The plastics manufacturer says its trading results have been restored after a crippling strike in the plastics sector last year.
Reinet gets go-ahead to broaden mandate
The investment group now has the scope to increase its exposure to certain key assets in the long-term interest of shareholders.
AMSA to report loss as it cuts jobs
The steel producer says 2019 was the most challenging year for the world steel industry since the global financial crisis.
Clicks continues healthy performance
The pharmacy, health and beauty retailer credits a resilient brand and defensive offering for cash-strapped consumers.
AVI to report reduced profit after tough first half
The consumer goods group says stronger operating profit from its food and beverages was offset by a decline in its personal and footwear brands.
Anglo meets targets on mixed performance
The diversified mining group benefited from increased PGM output and the continued ramp up of its Minas-Rio iron ore mine in Brazil.
Shoprite keeps the tills ringing
The supermarket group has reported strong first-half sales despite the impact of load shedding and currency depreciation in some markets.
Naspers sells Prosus shares worth R24 billion
Naspers says increasing the Prosus free float will allow more investors to get exposure to the largest European consumer internet stock by value.
Europa Metals to stop drilling while it regroups
For the time being, the metals exploration company says it sees limited additional incremental value from continued drilling.
The net asset value of the Reinet Fund has been supported by an improvement in its holding in British American Tobacco.
Equites lines up more logistics tenants
The real estate investment trust is developing a number of properties in SA and the UK for blue chip tenants.
Renergen raises cash as gas project progresses
The emerging helium producer will use the cash to fund the additional stake in Tetra4, the holder of the production rights.
Brait prices rights issue at deep discount
The investment group plans to use the proceeds to reduce debt as it prepares to realise value from its portfolio of investments.
BHP maintains production targets despite bushfires
The diversified miner says first-half output at its energy coal operation was impacted by the fires as well as a focus on higher quality products.
Redefine sells stake in European portfolio
The real estate investment trust says the deal fits its strategy of enhancing its Polish logistics portfolio while improving its loan-to-value.
The cement producer says net proceeds from the rights issue will be used to ensure compliance with debt covenants imposed by its lenders.
Comair announces revamped board
A number of new directors have boarded the airline after it was accused of poor governance due to the independence of some previous members.
intu confirms cash call to sort out debt
The shopping centre owner has been affected by a number of retailers entering company voluntary arrangements due to the weak retail environment
Sirius shareholders urged to back Anglo bid
The fertiliser development company says given its current cash constraints it was left with no alternative but to recommend the offer.
Merafe negotiates job cuts at loss-making smelter
The Rustenburg smelter has suffered material financial losses despite investment aimed at making the operation more competitive.
Equites to develop new Pepkor hub
The logistics-focused property fund is building a new KwaZulu-Natal warehouse for the retail giant.
Mr Price disappoints with sales growth
Following strong November sales thanks to Black Friday, December sales were affected by load shedding and bad weather.
Record Black Friday sales for TFG
The retailer says its SA and Australian operations held up well, while UK sales continued to be impacted by Brexit uncertainty.
Richemont grows sales despite Hong Kong protests
Stronger sales in Europe, the US, China and Korea more than compensated from a marked contraction in Hong Kong.
Life Healthcare CEO quits for Australia
Chief financial officer Pieter van der Westhuizen has been made acting CEO while the private hospital group searches for a successor.
Gemfields aims for Valentine’s listing
The coloured gemstones group says its shares will start trading on 14 February as it strives to grow its investor base.
Delta sells Grit shares to cut debt
The property fund used the proceeds from the transaction to settle debt facilities with Investec Bank.
Sibanye-Stillwater curbs Marikana job losses
The gold and platinum producer has found job opportunities for some workers at other operations.
ISA slumps on Check Point demotion
The IT security specialist has been demoted from the highest to the lowest reseller ranking in a move that will reduce group turnover.
Vivo caught up in Moroccan fuel probe
Competition authorities are reviewing the Moroccan fuel retailing industry, including Vivo as a Shell licensee in that country.
South32 reduces coal production ahead of SAEC sale
The diversified miner expects the sale of SA Energy Coal to close in the second half of the calendar year.
Phumelela aims for resolution on betting levy
The horse racing and sports betting group says it may also sell an equity stake to black empowerment partners.
Black Friday bodes well for retailers
Retail sales rose more than expected in November as consumers took advantage of specials for early Christmas shopping.
New Frontier expects UK uncertainty to continue
The shopping centre owner has breached covenants with its banks due to a decline in the value of its properties.
Truworths has tough time at Office
A decrease in sales at the chain of UK shoe shops has detracted from positive growth at Truworths Africa.
Listless economy puts the brakes on OneLogix
The specialist logistics group has warned of a sharp decline in first-half earnings as pricing and volumes comes under pressure.
Levis man a better fit for Woolies as Moir steps aside
Roy Bagattini, who has spearheaded the turnaround of several companies, will take over as CEO in the middle of next month.
Landlords claim limited exposure to DionWired
Massmart has plans to close as many as 23 of its DionWired stores as part of a turnaround plan for the retail and wholesale group.
Ethos to go ahead with rights issue for Brait investment
Ethos will use the proceeds of its capital raise to help fund its participation in a rights issue Brait has planned.
Pembury on the lookout for a new FD
The group is selling its loss-making retirement villages operation to help secure the long-term future of the remainder of its business.
New Frontier sells mall to reduce debt
The shopping centre owners says the sale is in line with its strategy to dispose of property to reduce its loan to value ratio.
The real estate investment trust plans to reduce its exposure to the retail sector while strengthening its balance sheet.
Massmart plans to slash stores and staff
Dion-Wired and some of its Masscash stores will be affected as the retail and wholesale group culls unprofitable units to restore earnings.
A number of minority shareholders have taken up a mandatory offer that was triggered as RAC built its stake in the investment firm.
Tharisa holds up despite load shedding
The platinum and chrome producer has maintained full-year production guidance despite a number of obstacles as the year got underway.
Less taxing times for MTN Nigeria
Shares rallied after the Attorney General withdrew a letter of demand for billions of dollars in back taxes.
RMI feels the heat from Australian blaze
Subsidiary OUTsurance owns Australian insurer Youi, which is counting the cost of the devastation.
Sibanye-Stillwater takes control of DRDGOLD
DRDGOLD will use the cash for the additional stake to fund the second phase of its West Rand tailings project.
Prosus left hungry in food delivery eat off
Rival bidder Takeaway.com will now merge with the UK food delivery group to create the biggest food delivery platform outside China.
Shareholders back Rolfes buyout
Private equity firm Phatisa will become part-owner of the specialty chemicals group as it prepares to delist from the JSE.
Comair loses altitude as Van Hoven quits
The former Comair chair occupied a board position since 1993 and had an intimate knowledge of the alpine and the aviation industry.
Aveng not taking Leonardo termination lying down
The construction group says it is considering its position and taking advice after Legacy Group moved to terminate its contract for the Joburg skyscraper.
Anglo makes a play for UK fertiliser miner
Sirius Minerals is developing what may be the biggest deposit of polyhalite in the world but needs more cash.
ELB plans restructuring, possible disposal
The group plans to focus on its African equipment distribution business and rejig its engineering operation.
More Comair directors disembark
Recently-appointed chair Lindsay Ralphs has promised a shake-up of the board of directors due to the perceived lack of independence.
RMH and Remgro ponder FirstRand unbundling
The investment holding companies plan to distribute their holdings in FirstRand to shareholders, while Remgro will also distribute its RMB stake.
Sirius deploys more of its acquisition war chest
The German business park operator says the last month has been particularly successful on the acquisitions front.
EOH mourns death of chair Xolani Mkhwanazi
The EOH chair was appointed last year as the group tried to mend its reputation following allegations of poor corporate governance.
BAT back in flavour with new vape guidance
New US regulations are aimed at reducing the appeal of vaping to the youth market while providing a non-tobacco alternative for adult smokers.
Grindrod Shipping close to deal
The shipping group remains in talks with lenders to provide it with the capital it needs to acquire an additional stake in IVS Bulk.
Day 1 for new Nampak CEO as De Ruyter packs up
Former Bevcan executive Erik Smuts assumes the role slightly early after its previous CEO left to tend to the Eskom generation crisis.
MTN rings in the New Year with mixed tidings
The network operator says it is making progress with its R15 billion asset realisation programme but faces a lawsuit over alleged bribes.
AngloGold streamlines portfolio with Sadiola sale
The mine in Mali is one of three the gold producer had earmarked for disposal.
intu sells Spanish centre to cut debt
The shopping centre owner is also in advanced talks to sell another centre as it fixes its balance sheet.
Anglo reaches Minas-Rio milestone
The diversified miner has received the final operating licence it needs for the tailings facility at its Brazilian iron ore mine.
Sebata hit by slowdown in government work
The ICT company says public sector spending is under scrutiny as the government tries to reverse endemic corruption.
Prosus bruised in Just Eat food fight
Just Eat continues to recommend that shareholders accept the Takeaway.com offer as it gains more acceptances.
PSG sells Alaris stake to Tadvest
The investment group says the disposal is in line with its strategy to focus on core investments and to hold controlling interests.
Glencore’s Katanga buys land for tailings facility
The land will help Kamoto Copper Company operate its mines, facilities and infrastructure more efficiently.
Weak trading weighs on JSE earnings
Once-off charges and a decline in trading activity will leave earnings up to 26 percent lower this year.
Ascendis reports healthy Remedica sales
Share in the pharmaceuticals group have tumbled further despite strong growth at Remedica, which has been marked for sale.
AngloGold pours first gold at Obuasi
The gold producer expects to produce gold at an annual run-rate of 350,000 to 400,000 ounces a year for the next 10 years.
Prosus and Takeaway.com vie for Just Eat
Both companies say higher offers made yesterday are final and Just Eat shareholders have until 10 January to make up their minds.
Gemfields gets export duty reprieve
The additional tax place it at a disadvantage to Colombia and Brazil, which have no export duty and low mineral royalties.
The industrial services group says it is in negotiations that could affect the price of its shares if they are successfully concluded.
Stefanutti obtains more funding
The construction group has received a third tranche of funds and says it is exploring longer term cost-effective funding solutions.
Europa Metals encouraged by Toral testwork
An independent metallurgical report shows saleable concentrate quality of the lead, zinc and silver, with good grades reported for each concentrate.
Kibo says cheap shares present a buying opportunity
The energy company says its shares are undervalued by about 80 percent relative to its net asset value.
NEPI Rockcastle gets more firepower
The Central and Eastern European shopping centre owner has signed a new revolving credit facility which will help fund growth.
Stenprop sells German property
The property investor is channeling the proceeds from asset sales into its growing portfolio of multi-let industrial properties in the UK.
Jonas takes the chair at MTN as Nhleko bows out
The former deputy finance minister has been a non-executive director since June last year.
Ascendis slumps as Remedica sale falters
The group says it will still try and sell the business but only at a price that reflects its market value.
Sasol finally cracks it at Lake Charles
The oil and chemicals group says its ethane cracker is now producing at 85 to 90 percent of capacity after it took steps to fix it.
Renergen lifted by gas discovery
The company has invited proposals from interested parties on gas fired power solutions as well as those looking to receive power in the Free State.
Healthcare contract buoys Afrox
The gases and welding group will report a big rise in full-year profit thanks it its growing healthcare business.
NEPI Rockcastle sells Romanian offices
The Central and Eastern European landlord says it will use the proceeds to fund its pipeline of acquisitions as it grows its retail exposure.
Kore Potash on track with DX project
The potash exploration and development company says there is potential to reduce capital and operating costs for the project.
Taste in talks with potential Domino’s buyers
The group says it will focus on growing and expanding its luxury goods brands once it has sold its remaining food interests.
EOH beats target with Afrocentric deal
The disposal means EOH has passed its targeted asset sales this year as it reduces debt.
Nampak offloads Plastics Europe
The packaging group has not disclosed the sale price but says the transaction will remove the pension fund liability from its balance sheet.
Rebosis at odds over property values
The real estate investment trust says its auditors have given a qualified opinion after coming up with a lower value for its properties.
Northam strikes five-year wage deal
The agreement at Booysendal provides for continuity, certainty and allows all stakeholders to focus on the sustainability of the business going forward.
Implats finalises Canadian acquisition
The platinum producer has merged its Canadian assets into Impala Canada, which will be lead by former NAP CFO Tim Hill.
Kibo signs accord to help roll out UK power projects
The group plans to develop and operate a portfolio of small-scale reserve power generation projects in the UK.
The network operator says while there is work to be done on price transformation it needs more spectrum to carry traffic cost effectively.
Investec fund grows European logistics exposure
European logistics have been the top performer for the Investec Property Fund on a risk-adjusted basis over the last 18 months.
Mediclinic maintains healthy growth
The private healthcare group says full-year revenue is likely to rise by about 6.5 percent and profit margins will be in line with guidance.
Metair batteries spark interest
The battery and automotive components group says it has also had an unsolicited approach for its Turkish operation.
Italtile confident it can improve sales
The tile manufacturer and retailer has reported a small improvement in retail turnover and expects its second half to be better.
Tongaat to remain suspended for now
The sugar producer and land owner wants investors to have a clearer view of its most recent performance before its shares start trading again.
The group has increased black ownership of two large SA divisions to a majority in a top-up transaction.
Rights issue to dilute loss from Taste
The investment group issued over a billion new shares earlier this year to shore up its operations.
The investment group has reported a sharp rise in its net asset value but a full-year loss as it restructures its business.
Prosus crosses first Just Eat hurdle
The Spanish Markets and Competition Commission has cleared the acquisition of Just Eat shares by Prosus subsidiary MIH Food Delivery Holdings.
No sweeteners in Tongaat results
Auditors Deloitte and Touche have raised concern about its ability to continue as a going concern.
Amplats warns of cost impact of load shedding
The platinum producer says power outages make it even more likely it will miss its cost guidance this year.
Anglo geared for higher production
While the diversified miner is targeting a strong rise in production, it has trimmed its short-term guidance for diamonds, coal and iron ore.
Load shedding poses threat to Merafe
The company says the power outages threaten the future viability of some of its operations and the wider ferroalloys sector.
Harmony keeps workers above ground
The gold producer says it will resume underground shifts once it has the assurance of reliable power supply.
Prosus to dish up more for Just Eat
Increasing its offer provided Just Eat shareholders with compelling value and a good reason to accept its all cash offer.
New CEO for Stadio as it continues expansion
The tertiary education group says Southern Business School CEO Chris Vorster will replace Chris van der Merwe as it buys out minorities in the school.
New strategy takes shape at Alexander Forbes
The financial services group is wrapping up the sale of its insurance businesses as it prepares to expand its employee benefits operation.
Sibanye-Stillwater sets date for new listing
The current corporate structure has the SA gold assets at holding company level and platinum assets as subsidiaries.
Conduit swaps Constantia for stake in Trustco business
The investment company says shareholders will benefit from a stake in a larger and more diversified financial services group.
Metrofile unveils private equity buyout deal
If the offer proceeds, shareholders will receive R3.30 per share as well as the rights to an interim dividend if it pays one.
The investment group is making good progress with TymeBank and data network operator rain but Kropz still faces challenges.
The engineering and construction group says it is exploring alternatives after a deal to sell its Grinaker-LTA Ground Engineering business could not proceed.
Kore Potash issues shares to buy drill rigs
The fertiliser company says the acquisition is in line with its strategy to fund its development plans cost effectively.
Kibo passes first stage of Botswana restructuring
The group will own a smaller stake of a larger asset following a series of agreements with Shumba Energy.
Growthpoint wraps up Capital and Regional deal
New shares issued to Growthpoint will start trading on the JSE and LSE this morning.
Comair to pursue SAA settlement
The airline says it does not know what will happen with its settlement after the state-owned carrier was placed into business rescue.
Charles Pettit heads up Apex Partners, which has built up a stake in the engineering and capital equipment supplier.
Glencore probed by SFO for bribery
The anti-fraud body says it is looking into the conduct by the Glencore group of companies, its officials, employees, agents and associated person.
The Wearne quarry sits adjacent to Drift Supersand, a subsidiary of Consolidated Infrastructure Group.
Europa Metals completes first drill
The minerals explorer expects to receive the results of an independent metallurgical report on its Toral project by the end of the year.
Sygnia grows assets in a tough market
The fund manager has bucked the trend in a shrinking institutional savings market as the economy stagnate and retrenchments rise.
The property fund has maintained full-year guidance as it pays down debt incurred to grow its stake in the Fourways mall.
Sanlam maintains growth in challenging environment
The group has benefited from last year’s acquisition of the remaining stake in Morocco’s Saham Finances.
The group blames weaker demand, particularly in its home market, and a rising interest bill due to higher inventory levels.
Grand Parade loses taste for Burger King
The investment group plans to divest from the US burger chain that it has spent the past six years building up.
Choppies finds buyers for SA stores
The Botswana-based retailer is selling its SA operations for R1 and outstanding debt.
Orion attracts investor interest
The minerals explorer says potential equity partners have indicated interest in taking stakes in its miner operating subsidiary companies.
Curro expands Gauteng presence
The private education group has bought a school and two pre-schools in deals that it says are not material but are strategic.
Grindrod Shipping buys more time for IVS deal
The shipping group is also in talks with lenders to provide it with the capital it needs to acquire an additional stake in IVS Bulk.
New Frontier Properties to stay listed for now
The struggling property fund says its lenders want it to remain a listed entity as it repays debt through property disposals.
Cash flush Capco goes shopping
The Covent Garden landlord says a strong balance sheet and financial flexibility position it to capitalise on investment opportunities.
Trencor to list Textainer next week
Shareholders will receive shares in the container group as a distribution in specie following its inward listing on the JSE.
Vukile positive on dividend growth
The real estate investment trust now generates close to half its earnings from Spain, where it is well placed to deliver sustainable returns.
CIG close to debt deal after tough year
The power and energy infrastructure group is trying to reduce interest-bearing debt following a recapitalisation earlier this year
The group is exiting its food brand franchise businesses and will focus on luxury goods after failing to raise capital for expansion.
The Germany property owner will fund the deal with a mixture of debt and the proceeds from recent disposals.
The struggling mobile network operator has spurned a potential takeover by its rival.
Investec sets date for asset management listing
Investec plans to sell a stake in Ninety One in a secondary cash placing when it lists in the middle of March.
Phumelela raises red flag on horse racing
The group says horse racing is at an unenviable juncture and that a more equitable funding dispensation is needed for the sport to survive.
Tongaat to pursue executives for fraud
A probe has found that some senior executives fiddled the books at the sugar producer and land owner, resulting in an overstatement of profit.
Stefanutti denies impropriety in social investment
The construction group says it was an unwitting contributor to what may have been a slush fund for the benefit of certain Eskom executives.
The property fund says initiates taken to engage customers at its shopping centres have resulted in trading density growth.
Tharisa’s profit dented as output declines
Production was curtailed as the group redesigned the mining operation as chrome concentrate prices declined.
The agricultural group credits its ongoing diversification, growth strategy and resilience for an improvement in earnings.
Troubles mount at Stefanutti Stocks
The construction group has raised funding requirements as it battles to get payment from some clients.
Quantum’s eggs aren't all in one basket
The group says investment in its less cyclical feeds, farming and other African business should cushion the impact of weak egg prices.
Murray on track with strategic plan
Its total order book has swelled to R54.8 million after US subsidiary Clough won a large petrochemical project.
Ethos to drive Brait’s new strategy
Ethos will become the new strategic equity partner and advisor to the investment group as it prepares for a R5.25 billion rights issue.
Woolworths steals a march on grocery rivals
While SA sales are showing a continued improvement, its operations in Australia remain challenging.
Nampak at a loss over Zimbabwe devaluation
The packaging group has been impacted by a decline in the value of the Zimbabwe currency that left it with a massive devaluation loss.
BAT still smoking despite tougher regulations
The cigarette and nicotine replacement manufacturer says it is on track for a strong year as it delivers on its priorities.
Arrowhead holds up in tough environment
The REIT says distributable income next year will be negatively impacted by its listed investment and a major tenant failure.
A turnaround at the chemicals, fertilizer and explosives group is gaining traction following its recent rights issue.
Transaction Capital accelerating growth
The financial services company plans to grow organically as well as through earnings accretive acquisitions.
Wescoal optimistic about a better second half
The coal producer faced a number of operational challenges in the first half of its financial year, leaving it with a loss.
Great year all round, says Purple Group
The EasyEquities owner has narrowed its losses thanks to cost control and a big increase in revenue from the online investment platform.
Implats close to wrapping up palladium deal
Buying North American Palladium will provide geographical diversification and increased palladium exposure.
Advanced Health sells stake in Australian unit
The day hospital operator is selling a quarter of Presmed Australia to management and doctors.
Sasol ready to gear up as Lake Charles ramps up
The oil and chemicals group has also warned of a decline in first-half earnings.
Pepkor closes up shop in Zimbabwe
The mass-market retailer has impaired The Building Company and closed up shop in Zimbabwe after incurring a loss from its operations there.
Invicta holds dividend as it reduces debt
Gearing at the engineering and capital equipment group has increased following a tax settlement with SARS in 2018.
Zimbabwe weighs heavily on Nampak
The packaging group will report a loss from total operations due to foreign exchange losses in Zimbabwe and higher tax in Angola.
Sirius prepares for more acquisitions
The German real estate investor says it will either buy assets using its own balance sheet or through its joint venture with AXA.
enX’s earnings halve in a tough year
The industrial group says its priority is to turn around underperforming businesses following the disposal of its fleet management unit to Bidvest.
Stenprop on track with MLI strategy
The real estate investment trust is bringing more of its German properties to market as it focuses on the UK industrial sector.
Tiger Brands hurt by lingering impact of listeriosis
Full-year earnings have declined following a slower than expected recovery at its processed meats division and a challenging trading environment.
Security pushes CSG into a loss
The services group says an aggressive turnaround plan under a new CEO should turn its security business around.
Naspers and Prosus focus on food delivery
The groups say they plan to grow investments in food delivery as it is a sector that can be transformed by technology.
Alex Forbes to report a return to profit
Interim results last year were impacted by a software write-off and a penalty for terminating an IT contract.
Lower chrome price tarnishes Tharisa’s earnings
The company will report a drop in full-year earnings after missing its production targets and fetching a lower price for its chrome concentrate.
The retailer was left with too much inventory in its stores last winter, resulting in bigger markdowns and lower sales of full-priced clothing.
The specialist bank and asset manager has reported a decline in first-half earnings due to weak market conditions in the UK.
Life Healthcare mulls Polish exit
The private hospital group says it is exploring options for Scanmed after selling its stake in Max Healthcare in India this year.
Stefanutti to report a loss as client dispute escalates
The construction group says first-half earnings will be impacted by provisions and project losses totalling more than R1 billion.
Brait makes progress with debt restructuring
The investment group has also resolved to maximise value through the realisation of assets in its portfolio over the next five years.
Lewis Group benefits from diversification
The furniture and appliances retailer has expanded into the upper end of the market and is also growing online sales.
PPC's earnings crumble on Zimbabwe inflation
The cement producer has resorted to hyperinflationary accounting for PPC Zimbabwe, while volumes in Southern Africa also declined.
Prosus dismisses Takeaway.com’s Just Eat deal
With less than a month to go before the first closing date, neither side is budging in the takeover battle for Just Eat.
Dipula reduces vacancies in tough market
The fund has declared a lower combined dividend due to longer lead times on new leases, higher costs and the weak economy.
GAIA to report a big rise in earnings
The infrastructure investor says the increase is due to the dividend income it earns from its portfolio of renewable energy assets.
The black empowerment investment holding company says its results were affected by impairments and equity losses.
Omnia flags a return to profit
Following last year's big loss and its recent capital raise, the chemicals, fertiliser and explosives group has delivered some positive news.
Rhodes Food dishes up a tasty dividend
Baked beans was the fastest growing sales category last year, giving the food producer a welcome tail wind.
Coronation’s assets decline as savings pool shrinks
The investment manager says the challenging markets of the past five years have resulted in many attractively priced opportunities for active managers.
Stor-Age locks up a strong first half
The self storage property fund says its defensive business model will help support it despite challenging conditions in SA and the UK.
Insurance does well for Reinet as tobacco dwindles
The investment company is seeing a growing contribution Pension Insurance Corporation as British American Tobacco stays under pressure.
RMH and Remgro to unbundle FirstRand
The investment holding companies plan to distribute their holdings in FirstRand to shareholders, while Remgro will also distribute its RMB stake.
Telkom the third wheel in Cell C/MTN pact
The two mobile operators have signed an extended roaming agreement that could assist its recapitalisation, leaving Telkom out in the cold.
Candy bows out as Capco sells Earls Court
Candy Ventures has abandoned its plan to make an offer for Capco after it sold its Earls Court development property.
Astral hit by higher costs, lower prices
After record profit last year, the group has reported a decline in earnings as the weak consumer and high imports put pressure on prices.
Pioneer prepares for PepsiCo takeover
The branded food producer expects to finalise the transaction early next year if it gets regulatory approval.
Netcare benefits from mental health expansion
While acute patient day numbers declined marginally last year, its Akesa network of mental health facilities reported strong growth.
Barloworld to pay special dividend
The earthmoving equipment agent generated strong free cash flows in the year to end-September.
Telkom puts Cell C on speed dial
The telecoms group is close to completing a due diligence but says any deal would hinge on Cell C reducing its debt.
The retailer has sold a UK unit to specialist retail sector investor Alteri as it reduces debt through asset sales.
No strikes as platinum sector reaches wage accord
Platinum producers have inked a three-year wage deal with unions without mediation or industrial action.
Kaap Agri to reap higher earnings
The group says profit will be up to 7 percent higher despite a number of negative factors that continue to hamper its performance.
Invicta rallies on earnings forecast
The engineering and capital equipment group says profit will be significantly higher after a big tax provision affected its previous earnings.
ISA optimistic about demand for IT security
The IT security specialist says the key drivers of the information security market remain robust.
Mediclinic gets Hirslanden back on its feet
The private hospitals group has returned to a first-half profit after adapting to a tougher regulatory environment in Switzerland.
Sappi halts dividend due to soggy pulp prices
The group has cut back on capital expenditure and will manage its working capital as it rides out weakness in dissolving wood pulp prices.
Impairment to weigh on Pepkor’s earnings
While most of its operations have performed well in a difficult trading environment, the retailer has impaired its building materials division.
Sasfin rallies as Arise shows interest
European investment fund Arise may become a shareholder of reference in the niche bank and financial services group.
Sephaku comes unstuck in hard market
The cement producer says competitors have engaged in aggressive market tactics and it has also had to contend with rising imports.
The retail and wholesale group has grown earnings in a tough environment in all its geographies.
Offshore growth boosts Investec Property Fund
The real estate investment trust says its offshore investments supported an increase in its interim distribution.
Peregrine cushioned by Citadel
The financial services group says its businesses have been affected differently by current economic conditions.
Indluplace warns of lower distribution
The residential property group says vacancies are likely to remain flat this year, with subdued rental escalations and rising costs.
Harmony maintains full-year guidance
The gold producer reported good momentum at most of its mines, with a higher rand gold price boosting revenue.
Telkom in talks as it grows mobile
It is rumoured the group may make another attempt to buy Cell C to grow its mobile offering as its legacy business declines.
Kumba tweaks sales target on Saldanha closure
The iron ore producer says the bulk of its sales are outside SA but it will continue to assess the impact of the AMSA strategic review.
Rolfes hits back at JSE censure
The specialty chemicals group says it took measures as soon as it became aware of accounting irregularities, including notifying the exchange.
Lighthouse Capital meets distribution guidance
The European property investor says it will grow distributions by at least 5 percent next year.
EPE Capital Partners grows its NAV
The private equity investors has benefitted from a strong performance from some of its underlying holdings.
Accéntuate negotiates with potential funders
The infrastructure group says its auditors have questioned its ability to continue as a going concern.
Vodacom pays special div as international operations grow
The mobile network operator has trimmed its interim payout but declared a special dividend as its international operations grow.
Raubex rides on renewable projects
The group has reported a strong rebound in earnings thanks to a number of renewable energy contracts that are underway.
Aspen sells Japanese business to settle debt
The group is selling the operation to German-based drug group Sandoz and will use the proceeds to further reduce its debt.
Prosus lowers threshold to gobble up Just Eat
Just Eat has snubbed the Prosus offer, saying a merger with Takeway.com will create more value for shareholders in the long-term.
ArcelorMittal to shut down Saldanha plant
The steelmaker says there is little prospect of Saldanha Works turning around its severe financial losses in the short to medium term.
Tiger Brands may sell processed meats business
The food producer says an evaluation of its Value Added Meat Products division was delayed after the listeriosis outbreak last year.
Steinhoff looks at options for early settlement
The furniture retailer says it is considering an equity issuance as part of its overall strategy to settle litigation against it.
Aspen lines up more asset sales
The pharmaceuticals manufacturer says it may sell a commercial business in the Asia Pacific region.
Hong Kong protests curb sales at Richemont
The luxury goods group reported double-digit sales growth in a number of markets but was hindered by recent street protests in Hong Kong.
Wescoal flags a half-year loss
The group has been affected by a number of factors, including six weeks of downtime at its Vanggatfontein mine due to violent protests.
Gold Fields maintains guidance despite weaker Q3
The gold producer expects production to reach the top end of its forecast as South Deep makes progress.
Strike weighs on Dis-Chem’s earnings
The discount pharmacy group has reported a decline in first-half earnings despite higher revenue as it rolled out more stores.
The Foschini Group takes cautious approach
Ahead of the peak season for retailers, the group says trading conditions have continued to tighten in its biggest market.
Truworths says trading remains tough
The retail group has grown sales by 2 percent in the first four months of its financial year and expects conditions to remain challenging.
Disposal to boost AVI earnings
The group reported a small increase in first-quarter sales and says earnings will be boosted by the disposal of its Australian joint venture.
PPC struck by Zimbabwe hyperinflation
The cement producer may report a first-half loss after it was forced to apply hyperinflationary accounting to its operations in Zimbabwe.
intu sinks as it mulls a rights issue
The shopping centre owner says its top priority is to fix its balance sheet as rental income comes under pressure.
Seriti Resources will make an upfront payment of R100 million for SA Energy Coal and share its free cash flow until March 2024.
Aveng makes progress with disposals
The engineering and construction group expects to finalise the sale of non-core businesses by next June.
New strategic investor for Renergen
If Notable Pioneer exercises its option it will become the largest shareholder of the liquefied natural gas and helium producer.
The coal producer says the Soutpansberg right supports its strategy to become the top coking coal producer in SA.
RAC to make mandatory offer for Astoria
RAC will offer minority shareholders R2.40 per share after its Livingston subsidiary increased its stake in the investment company above the mandatory threshold.
Telkom disconnected over higher charges
The telecoms group will report a significant decline in first-half earnings due to higher net finance charges and hedging costs.
Castleview declares extra dividend
The real estate investment trust has warned of a lower full-year payout as it converts its Pier 14 office tower into apartments.
Trematon warns of lower earnings
The investment holding company says its earnings are inherently volatile and it will report a higher intrinsic net asset value.
Shoprite gets the tills ringing again
After reporting a decline in profitability last year, the retailer has posted strong first-quarter sales at its SA stores.
Rhodes to dish up stronger earnings
The food producer has benefitted from resilient local sales and a weaker rand versus its major trading currencies.
Redefine calls for political response to ignite growth
The REIT says without action, weak local property fundamentals are likely to prevail as the economy operates in a virtual vacuum.
Delta keeps powder dry as it finalises leases
The property fund is finalising bulk lease renewals with the Department of Public Works as it refinances its debt.
Taste loses its appetite for food
The group has already found a buyer for Starbucks as it prepares to exit its food operations and focus on its luxury brands.
Spear REIT buys Liberty Building
The real estate investment trust says the office building in Montague Gardens ticks all the boxes for for its Western Cape property portfolio.
Exemplar REITail on track with distributions
The real estate investment trust has renewed or re-let expiring leases on the bulk of its properties, with an inflation-beating increase.
Dis-Chem to dispense lower earnings
The discount pharmacy chain faced a number of once-off expenses, including the cost of a five-month strike.
Sun International affected by Chile protests
The hotels and casinos group says its results will be affected after the worst unrest in decades disrupted the operations of Sun Dreams.
Private equity makes a play for Rolfes
Shareholders will get a premium for their shares but the offer price is well below the all-time high.
Implats on track after tough first quarter
The platinum producer expects to meet its targets despite challenges at its Mimosa and Two Rivers mines.
Sibanye-Stillwater mulls dividends as debt declines
The gold and platinum producer says it is on track to reach its debt targets and may resume dividends at the end of next year.
Afrimat firing on all cylinders
The group has almost doubled profit due to a strong showing from its iron ore assets and a recovery in construction materials.
MTN cushioned by Nigeria and Ghana
The network operator has faced challenging conditions in SA due to weak consumer demand and regulatory changes.
Imperial on course despite obstacles
The logistics group expects high single-digit revenue growth and a low double-digit increase in profit this year.
MTN grows subscribers outside SA
The network operator has reported big increases in service revenue from its businesses in Nigeria and Ghana.
IAPF ready for growth after capital raise
The fund says its reduced gearing following its listing and subsequent capital and its balance sheet is well-positioned for growth.
Ascendis takes measures to restore confidence
The pharmaceuticals and healthcare group has swung to a full-year loss due to hefty impairments across its business.
Octodec predicts flat growth as economy stalls
The real estate investment trust expects 2020 to be another challenging year, impacting its ability to grow distributions.
Prosus defends its Just Eat bid
The group denies associate Delivery Hero was being opportunistic when it reduced its stake in rival bidder Takeaway.com.
Santova buffeted by SA headwinds
The logistics group says recent acquisitions and a stronger offshore performance will reduce its reliance on South Africa.
Northam to expand Eland with Maroelabult acquisition
The assets lie next door to the Eland mine and will positively impact its build programme and provide additional planning optionality.
Acsion makes slow progress with Sandton mega-project
The property developer and manager expects to deliver Asciopolis at the end of its 2021 financial year.
Indigestion over Aspen's Zantac recall
The Australian regulatory authority has told manufacturers to withdraw products containing ranitidine, including Zantac.
Heads roll over Sasol’s Lake Charles project
Its joint-CEOs have taken the fall for a significant cost overrun at its chemicals project in the US.
Famous Brands reduces GBK losses
Although the UK chain narrowed its losses, Famous Brands does not expect Gourmet Burger Kitchen to return to profit for another two years.
AngloGold closer to exiting SA
The gold producer says due diligence by prospective buyers of its Mponeng mine is complete.
The poultry group says full-year earnings will decline by between 50 and 60 percent due higher feed costs and lower selling prices.
Rebosis holds off on dividend ahead of Delta deal
The real estate investment trust wants to ensure the optimal capital structure if a merger with Delta Property Fund goes ahead.
Nu-World looks for new markets to grow earnings
The consumer electronics group has introduced new ranges and is looking for more opportunities to maintain and grow its market share.
After a tough third quarter, the brewer expects only moderate group in EBITDA this year.
Stenprop benefits from demand for multi-lets
The industrial property company says demand is outstripping supply in the sector that it expects to be more resilient as Brexit approaches.
Grit grows acquisition pipeline
The pan-African property fund is adding more blue-chip tenants as it grows its portfolio across the continent.
Premier Fishing warns of lower catch
The fishing industry has faced a challenging environment due to a reduction in allowable catch rates and unrest in Hong Kong.
Vivo Energy fueled up on Engen deal
The retailer and marketer of Shell and Engen-branded fuels and lubricants expects another year of strong growth in gross cash profit.
Accelerate sells Kyalami centre as it focuses on Fourways
The fund has earmarked sales worth about R2.5 billion as it reduces its loan-to-value ratio.
Market share gains have helped the pharmacy, health and beauty retailer deliver double-digit earnings growth.
Altron on track with 2022 goals
The ICT and electronics group is ahead of its target to double EBITDA by the end of its 2022 financial year.
Quantum Foods hit by lower egg prices
The poultry and feeds group has warned of lower earnings due to a decline in egg prices and higher feed input costs.
Blue Label CEOs depart Cell C board
The founders of the company have nominated new members to the Cell C board as they focus on their core business.
Life Healthcare benefits from healthier second half
The private healthcare group has reported strong revenue growth at its local and international operations.
Cartrack racks up over 1 million customers
The vehicle telematics group expects double-digit growth in subscription revenue for the foreseeable future.
Quilter grows assets despite investment manager departures
The wealth manager says assets under management have grown for the year despite big client outflows after a team of managers left the firm.
The wine and spirits group has grown first-quarter revenue in the single digits as it leverages current trends.
Trans Hex to go ahead with buyout meeting
The diamond miner says it will not oppose the liquidation of West Coast Resources and will proceed with its general meeting next week.
Prosus in hostile bid to devour Just Eat
The newly-listed group has trumped a rival bid from Takeaway.Com with its 710p per share offer.
The retailer has lifted its interim dividend by 9.5 percent after a strong first half, sending its shares as much as 13 percent higher.
Minas-Rio ramp-up cushions Anglo
The diversified miner has raised its production target for the Brazilian iron ore mine after it bounced back from its suspension last year.
The automotive group has managed to grow earnings in a declining market for new and used vehicles.
Ascendis continues its descent
The pharmaceuticals and healthcare group has impaired its businesses due to adverse trading conditions in SA and Europe.
Oasis Crescent eyes logistics growth
The fund believes demand for logistics and data centres is likely to grow in the digital economy.
Balwin pays interim dividend as sales perk up
Despite its focus on cash preservation, the housing developer has declared an interim payout after selling almost a quarter more apartments.
Calgro M3 downscales as losses mount
The affordable housing and memorial parks developer had suspended some of its projects to preserve cash due to the tough economic climate.
Cashbuild reports a flat start to the year
The building materials retailer has reported a small rise in first-quarter revenue, supported by new store openings.
The central London property owner says it has not yet been approached by Candy Ventures with a possible cash offer for the group.
Phumelela hobbled on the home straight
The sports betting and horse racing group already warned it would not be in a position to pay a final dividend.
Sekunjalo firms seek new auditors
Three companies linked to Sekunjalo are looking for new auditors after BDO South Africa said it would not seek reappointment.
Stenprop boosts multi-let portfolio
The property investor plans to have 60 percent of its portfolio in multi-let industrial properties by the end of March.
Long4Life completes share buyback
The lifestyle investment group bought 50 million of its own shares last week in a move that will boost shareholder returns.
Finbond expects SASSA-induced earnings slump
Loans extended to SASSA clients declined by close to 95 percent following the switchover to the SA Post Office card.
Tiso Blackstar warns of wider loss
Full-year headline earnings per share will be as much as 166 percent lower due to the treatment of loans to liquidated steelmaker Robor.
South32 makes progress on SA Energy Coal sale
The diversified miner says exclusive negotiations with Seriti Resources have progressed and it will update investors in the December quarter.
Datatec firing on all cylinders
The ICT group has benefited from a positive turnaround at Westcon International and an ongoing good performance from Logicalis.
Value Group expands as volumes come under pressure
The logistics and distribution group is expanding its customer base as the weak economy weighs on volumes.
EOH makes headway with disposals
EOH Mthombo has reached a deal to dispose of Data World Group to Terra Analytics as it works on reducing debt.
Spear maintains distribution guidance
The Western Cape-focused REIT attributes its performance to demand for its high-quality rental properties.
Adcorp under the weather as economy falters
The labour broking, outsourced services and training group has slipped into a loss due to weak conditions in SA and bad weather in Australia.
The private hospitals group has stabilised Hirslanden in Switzerland while its SA and Middle East operations have met expectations.
The platinum producer will strengthen its balance sheet with the cash it gets for selling gold upfront.
Invicta flags big rise in earnings
Its 2019 results were impacted by a big tax settlement with SARS over a number of historical transactions that it believed were tax compliant.
The property investment company says it has enough support to ensure that a scheme of arrangement has no prospect of succeeding.
EOH goes after criminal employees
The group has blacklisted 50 enterprise development partners and wants implicated employees arrested after reporting a full-year loss.
4Sight company goes for business rescue
It says there is a reasonable prospect it can be saved as its operating subsidiaries are profitable businesses, generating large cash reserves.
PSG gets a kicker from Capitec
The investment group says it benefited from positive results from a number of investments, offsetting a poor showing from Zeder.
Pioneer shareholders say yes to PepsiCo
Some conditions still need to me met after almost all Pioneer shareholders voted in favour of the takeover proceeding.
Santova navigates choppy SA waters
The logistics group says the weak economy has resulted in a decline in shipping volumes in the SA region.
Long4Life to continue share buybacks
The lifestyle investor plans to continue repurchasing its shares to maximise shareholder returns.
No dividend as Adapt IT focuses on debt
The IT group says it will revisit a dividend at the half-way stage as it tries to reducing its gearing.
Pioneer makes progress with PepsiCo deal
Shareholders get to vote today on the US food and beverage giant's R110 per share offer.
Trencor calls for shareholder action
The investment group wants shareholders to alert it to any tax exemptions ahead of a vote on its Textainer unbundling.
Lighthouse Capital plans rights issue to fund acquisition
The property investor says it is in advanced talks regarding a potential significant direct retail property acquisition in Iberia.
Orion gets offer from controlling shareholder
Gmeiner Investment Holdings plans to take the real estate company private with its 2c per share offer after it lost its REIT status.
AH-Vest dishes up strong results
The food producer says it is optimistic about future growth prospects as it focuses on export growth.
Peregrine flags lower earnings
The financial services group says underlying results from its operating divisions will reflect a rise of up to 15 percent.
Vunani brushes off profit decline
The group is looking for acquisitions to expand its diversified financial services offering.
The group says its headline loss from continuing operations will not be as big as previously forecast.
Jasco regroups after tough year
The technology group is taking steps to reduce debt as its losses widened due to the cost of restructuring.
Mondi bogged down by soggy paper prices
The paper and packaging company says lower average selling prices offset some of the benefits of its ongoing profit improvement initiatives.
Equites benefits from shift to online shopping
The specialist logistics property group says demand from e-commerce and large logistics companies has supported growth in distributable earnings.
PSG Konsult lifts dividend in tough environment
Its wealth and insurance operations compensated for a disappointment performance from asset management.
Astral to hatch lower earnings
The poultry producer says full-year earnings will be up to 60 percent down on its 2018 record.
EOH to reveal the cost of wrongdoing
The technology services group has already warned of a full-year loss and the suspicious transactions could make it worse.
Calgro M3 warns of first-half loss
The affordable housing developer suspended operations on some projects to preserve cash, impacting profit for the period.
Adcorp wants substantive leader after CEO quits
After warning of a first-half loss, the group is putting corrective measures in place, including an immediate search for a suitable CEO.
Tharisa says Vision 2020 remains intact
Despite reporting lower full-year production, it says work done over the past year provides it with a clear path to meet its targets.
Capitec gets final go-ahead for Mercantile
The bank will use Mercantile as a springboard into business banking as it targets the SME market.
Capital and Regional buys time as talks progress
The UK regional shopping centre owner has asked for the deadline for a possible offer to be extended by nine days as talks reach an advanced...
Newpark on track with distribution growth
The real estate investment trust has been filling vacancies at its 24 Central property in Sandton.
The metals recycler says its first-half performance was hampered by floods in KwaZulu-Natal and subdued commodity prices.
Long4Life carves up a larger stake in Spur
The investment group has added a big shareholding in the restaurant group to its investments in other lifestyle businesses.
Zeder investors in line for big payout
The investment company says it will distribute up to R4.75 billion to shareholders if the PepsiCo takeover of Pioneer Foods proceeds.
Net1 takes control of Bank Frick
The payment solutions company has exercised an option to take a majority stake in the Liechtenstein-based bank.
Value Group flags higher earnings
The distribution and logistics group has coped with a stagnant economy by trimming costs and expanding its customer base.
Clicks dispenses positive earnings surprise
The pharmacy and health and beauty retailer expects to beat its own full-year earnings forecast.
4Sight shares sink on boardroom turmoil
Non-executive director Geoffrey Carter quit after he said his position had been compromised to a point of no return.
RH Bophelo grows its portfolio
The healthcare investment company has made 12 acquisitions as it makes its presence felt in the healthcare sector.
Cartrack shareholders shun cheeky offer
The mandatory offer was triggered after CEO Zak Calisto's investment company took a 68% stake in the group.
Tongaat may sell assets as it delays results again
The sugar producer and land owner says an internal review process has been complex and extensive, going back some six years.
Implats targets Canadian palladium
Buying North American Palladium will provide geographical diversification and increased palladium exposure.
Famous Brands flips a juicier burger
The restaurant group will report a big rise in first-half earnings after a hefty impairment last year.
Marshall Monteagle sells distribution business to SPAR
The group is selling its stake in Monteagle Africa to customer SPAR.
Drought and flooding in Australia are just a couple of the factors that have impacted its first-half earnings.
Sibanye-Stillwater to restructure as platinum ops grow
The gold and platinum producer plans to list a new holding company, which will acquire Sibanye Gold.
Jasco sells electrical division
The group will use the proceeds from the sale to redeem a corporate bond, strengthen its balance sheet and free up management time.
Aveng offloads Grinaker-LTA business
The group has sold its Mechanical and Electrical business to a black consortium as it continues to dispose of non-core operations.
Raubex sees signs of renewed construction activity
The group will report a much-improved start to its financial year thanks to work on renewable energy projects.
Zeder harvests less from investments
The investment holding company says its portfolio continues to feel the impact of tough conditions in the food and related business sector.
Vunani warns of lower earnings
The financial services group says community unrest resulted in an 80 percent decline in production at its commodities trading business.
The ICT company expects to report a big increase in first-half earnings as the recovery at Westcon International continues.
Pembury takes tough decisions to ensure sustainability
Current liabilities exceed current assets but the group has put its retirement villages business up for sale as it focuses on education.
End of the road for Tiso’s Robor
The investment company says it was unable to commit any further capital to support the steelmaker, particularly as it was a non-core asset.
Cartrack’s earnings accelerate
The fleet management and vehicle recovery group has benefitted from a strong rise in subscriber numbers over the past year.
Bidcorp finds buyer for UK food logistics unit
Bidcorp says the QSR contract logistics market is non-core which is why it is selling Best Foods Logistics.
Ascendis sinks on results delay
The pharmaceuticals and healthcare group has blamed the complexities of accounting for discontinued operations and new reporting standards.
Sirius builds acquisition war chest
The German-focused property group has a pipeline of acquisitions lined up and is also growing its Titanium joint venture.
TeleMasters pays dividend as it shifts direction
The telecommunications solutions company is cash generative due to its annuity-based business model.
Europa Metals closer to the big reveal
The mining exploration company will soon be able to make an initial determination of the lead, zinc and silver at its Toral project.
Wesizwe moves forward with Bakubung mine
The platinum producer is closer to commissioning its 1-million tonne per year mine outside Rustenburg.
Murray falls as ATON walks away
The German investment company has dropped its hostile takeover bid but will remain a significant shareholder in the local company.
The group appealed a High Court ruling that return back an additional payment it received for biometrical registrations of social grant recipients.
The coal producer says it expects to start Phase 1 of the project before the end of March.
Grit misses target after London listing
The pan-African real estate company says currency headlines and the costs of corporate activity reined in its total shareholder return.
Rolfes holds back on dividend as talks continue
After paying a 4c interim dividend, the specialty chemicals group said it had deferred consideration of a final payout due to buyout talks.
No dividend as Trencor prepares for Textainer listing
The group plans to repurchase shares in an odd-lot offer and will unbundle its Textainer holding to shareholders.
Strike and cheap imports hit York Timber’s earnings
The group made a strong comeback in the second half of the year and has implemented measures to safeguard its operations.
Conduit Capital weighed down by weak economy
The group has swung to a loss due to mark-to-market losses on its equity portfolio and weaker results from its motor books.
Gemfields has cash left after buybacks
The coloured gemstone miner says it will announce what it plans to do with its surplus money at the end of next month.
Conduit warns of full-year loss
The investment group says the value of its equity investments declined as markets and business confidence came under intense strain.
The dairy and drinks group says all conditions for its takeover have been fulfilled.
Safari wants to engage with Comprop
The shopping centre owner says an assessment by BDO puts the Comprop buyout offer at the lower end of a fair range.
Nampak cracks R1.5 billion glass sale
The packaging group has sold its glass unit to a joint venture between Kwande Capital and SA Breweries.
Net1 falls into a loss on Cell C, SASSA
The payment systems group says it has now stabilised its SA business and is focused on turning a profit next year.
Blue Label to degear after Cell C losses
The prepaid services and telecoms group has reported a significant full-year loss largely due to its investment in Cell C.
Capitec still hiring as it adds customers
The bank plans to open more branches and is preparing to integrate Mercantile Bank as it expands into business banking.
IAPF launches bookbuild to fund acquisitions
The fund suspended trading in its shares as it raised new capital to pay for three industrial properties in Australia.
Investec Property Fund reports rising bad debts
The increase in tenant failures and business rescues is one of the most significant risks facing the Fund.
Truworths reaches a deal on Office debt
Despite ongoing challenging retail conditions in the UK, the retailer says Office has been suitably stabilised.
Clover mulling Tribunal’s conditions
The dairy and drinks group says the scheme is progressing but it reserves its right to appeal new restrictions.
Sibanye-Stillwater to cut jobs at Marikana
The group says the restructuring is aimed at ensuring the sustainability of Marikana, which is not a going concern as an independent entity.
AB InBev going ahead with $5 billion IPO
Budweiser APAC is expected to make its debut on the Hong Kong stock exchange next Monday.
The group has impaired its Agri and Water businesses due to the difficult trading environment and subdued outlook.
Nampak to report a mixed performance
The packaging group has partly offset currency volatility and weak demand with operational efficiencies.
RMI’s OUTsurance exits New Zealand business
OUTsurance subsidiary Youi plans to focus its attention on its Australian business.
The platinum producer will report a big improvement in first-half earnings as it progresses with the development of the Bakubung platinum mine.
Freedom property disposals stall again
The capital growth fund planned to use the proceeds to pay down its debt.
The mining services group says earnings for the year to end-June will be up, but its headline loss will widen.
Strong support for Omnia rights issue
The chemicals, fertiliser and explosives group says its R2 billion capital raise was fully subscribed.
Tongaat revamps its board to hasten turnaround
Former Absa veteran Louis von Zener will chair Tongaat as it takes steps to sort out its accounts and turn around its business.
Brait rallies on restructuring moves
The investment group plans to slash debt, cut costs and restructuring its investment portfolio.
Burger King crowns a better year for Grand Parade
The burger chain has turned a profit, while the group cut its losses by liquidating some loss-making investments.
Investec hit by Brexit uncertainty
Uncertainty around Brexit and global trade wars have impacted investment banking fees and trading income at its UK Specialist Banking business.
Gemfields delivers a varied performance
The coloured gemstones miner is still intent on a London listing by the end of the year so it can reach a wider pool of international...
Roland van Wijnen takes over next month after receiving a permit to work in SA.
Stenprop on track with its strategic plan
The industrial property owner wants three-fifths of its portfolio to consist of multi-let industrial properties by the end of March.
Mr Price puts a tag on non-compliance case
The retailer launched an internal investigation following allegations of non-compliance with its code of conduct by two managers and a supplier.
Altron to appeal Tshwane contract loss
The Gauteng High Court set the contract aside in July due to tender irregularities.
Texton endures toughest year ever
The real estate investment trust has trimmed its dividend by 20 percent due to tough conditions in SA and the UK.
Blue Label hit by Cell C impairment
Trading losses and impairments at the mobile network operator are largely to blame for an expected loss at Blue Label.
Heriot targets at least 6% dividend growth
The real estate investment trust grew its 2019 distribution by over 10 percent on a comparable basis.
Caxton holds up in tough media environment
The printing and publishing group says it has shown some resilience by posting a relatively small decline in headline earnings.
EOH prepares investors for a hefty loss
The company only expects to see the benefits of key strategic initiatives next year.
Pan African pays out after pivotal year
The group has resumed dividend payments and says it is in a good position to benefit from the current gold price environment.
Afrimat’s first-half profit may double
The group’s Demaneng mine has benefitted from a strong rise in iron ore prices this year.
RDI sells German centre as it cuts retail exposure
The real estate investment trust will use the proceeds from the sale to reduce debt as it focuses on more lucrative sectors.
Gemfields to report lower profit
The coloured gemstone group says revenue from its ruby mine in Mozambique declined in the first half of its financial year.
Blue Label responds to JSE ultimatum
The JSE has warned the group that it will suspend its shares or even remove them if its results are not out this month.
Exxaro takes control of wind farm JV
The coal and heavy minerals producer is buying out its joint venture partner in Cennergi.
Sasfin trims dividend despite earnings bounce
The niche banking group says it has decided to retain more capital than previously, resulting in a reduced payout.