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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.
Jubilee makes good progress with Kabwe
The tailings processor says the project has received keen interest from other miners who want to process their metal at its refinery.
Comair takes off on SAA settlement
The airline has reported a sharp rise in earnings due to its settlement with SAA over anti-competitive behaviour.
Gamsberg project weighs on ELB Group
The capital equipment and services group says it continues to pursue identified opportunities after taking a knock on the zinc project.
The gases group says it will continue to focus on specific growth opportunities as the local economy remains under pressure.
Rhodes benefits from rising exports
The food producer is selling more higher-margin products globally and has been assisted by a weaker rand.
Sasol rebounds on soaring oil price
Sasol has benefitted from a sharp rise in the price of oil following weekend attacks on facilities in Saudi Arabia.
Quantum hit by falling egg prices
The poultry and feeds group will report lower full-year earnings as egg prices continue to decline.
KayDav chips away at costs in tough economy
The group says low business confidence levels and consumer caution will continue to constrain growth.
Alviva overcomes despondency with bigger dividend
The ICT group says it remains cautiously optimistic despite being surrounded by despondency due to the weak trading environment.
Papua New Guinea muscles in on Harmony’s JV
Reports say the new government in Papua New Guinea wants to retain two-fifths of the gold from Wafi-Golpu
Old Mutual not backing down on Moyo litigation
The financial services group says a second letter terminating Peter Moyo’s contract remains valid and he is not welcome in the building.
Acquisitions boost Afrocentric’s health
The Medscheme owner has made a number of purchases as it grows its retail business.
Labat gets high on cannabis deals
Its shares have jumped following a series of transactions as it establishes a cannabis businesses.
It is all about the experience for L2D
The shopping centre owner says the attraction of bricks and mortar stores complemented by unique experiential offerings continue to attract customers
Texton warns of weaker distribution
The property fund says weak macro-economic conditions in SA and the UK have had a big impact on its 2019 dividend.
AB InBev still mulling Asian IPO
News reports say the flotation could be announced as early as next week, with the share sale aimed at paying down debt.
Safari strikes back at Comprop
The shopping centre owner says the ball is in Comprop’s court as it waits for it to address its concerns.
Spur boosted by global expansion
The restaurant group has reported a healthy rise in earnings as it grows its global franchise.
African Rainbow Capital blessed by Rain
Positive revaluations of data network operator Rain and digital bank TymeBank made up for weaker valuations on other investments.
Steinhoff granted leniency on record fine
To avoid penalising innocent shareholders further, the FSCA has remitted a portion of an administrative penalty.
Bowler Metcalf battens down the hatches
The plastics manufacturer says the sector is likely to remain volatile and it will buy back some of its undervalued shares.
Prosus makes strong Amsterdam debut
The stock traded almost a third above its indicative reference price in early trade, valuing the company at over 120 billion euros.
Growthpoint eyes UK mall owner as SA comes under pressure
The real estate investment trust says its 2020 dividend will be nominally higher at best.
Capital and Regional defers dividend as Growthpoint circles
The shopping centre owner reported a first-half loss due to a fall in property valuations, driven by negative sentiment towards the sector.
Famous Brands says it has done ok
The restaurant group says its first-half results will be satisfactory, with revenue in line with expectations.
Grand Parade’s prospects improve
The casino and quick service restaurant group expects to report a improvement in full-year profit.
Rolfes to report a loss on impairments
The specialty chemicals group, which may be bought out, says it remains positioned for growth despite a difficult trading environment.
The pharmaceuticals maker has slashed debt by more than a quarter after selling assets and boosting its cash flow.
Master Drilling develops new technology amid uncertainty
The drilling services specialist reported a decline in first-half dollar earnings as it battled a number of headwinds including a firmer rand.
Attacq beats dividend guidance
The real estate investment trust has raised its full-year dividend by more than expected but says Edcon will weigh on its next payout.
RMI supported by Momentum as Discovery declines
The group has reported a mixed performance from its portfolio of investments due to higher claims and investment spend at Discovery and OUTsurance.
Safari accused of frustrating takeover bid
Community Property Company has challenged Safari to publish letters from shareholders it claims are against the buyout.
Schroder says Paris property will be transformational
As part of its Winning Cities strategy, the group has been redeploying the proceeds from property sales into higher growth sectors.
Tea and biscuits support AVI as shoes get scuffed
The consumer goods group says its business has remained resilient in tough times and it starts the new year from a sound operating base.
Weak confidence weighs on sales at Trellidor
The security gate specialist says middle-income SA customers have cut back on spending, but it is making headway elsewhere.
Bell benefits from offshore growth
The heavy equipment maker says its diversification has helped cushion it from weak conditions in its home market.
Workforce hit by minimum wage law
The staffing and training solutions group says its growing diversification will add a layer of protection in the future.
Media reports say private equity investors may be preparing to bid for the beleaguered shopping centre owner.
Metrofile rallies on possible buyout
An analyst said he would expect an offer to come in at between R2.25 and R2.50 per share.
Sasol stalls for time on results release
The group will only release its financials by the end of October due to an in-depth investigation of its Lake Charles project.
Altron suspends executives over procurement irregularities
The ICT and electronics group says a forensic probe picked up an estimated R23 million in procurement deviations.
EPP keeps distribution flat as it expands
The Polish shopping centre owner is close to achieving its aim of having 28 shopping centres in its portfolio by the end of next year.
RMB Holdings eyes new opportunities
The group may consider investments in businesses where partnerships with entrepreneurial and industry-disruptive management teams can add value.
The ICT products and services group says investments of the past six years are starting to make a meaningful contribution to revenue and earnings.
The banking group has grown earnings and its dividend despite subdued growth and rising risks.
No dividend as Implats returns to profit
The platinum producer blames uncertain and volatile conditions and the ongoing restructuring of its Rustenburg mines.
Hyprop lowers its distribution as it exits investments
The group is selling its assets in Africa outside SA due to a difficult trading and declining property prices.
Sanlam benefits from SAHAM acquisition
The purchase of the remainder of the Moroccan business last year contributed to a decent rise in operating profit.
Metrofile says its restructuring is working
The documents storage business reported a much stronger second half and said the benefits would continue to flow through.
Assore reports record earnings and dividend
The group has benefited from high iron ore prices and a weak rand but says geopolitical risks are weighing on global commodity markets.
The financial services group says a temporary decline in earnings has been addressed and it expects profit growth to return to normal.
Libstar benefits from investment spend
The food producer and importer says capex projects completed last year helped lift its performance.
The financial services group has benefited from lower impairments after improving its credit processes.
Momentum Metropolitan makes good on its pledge
The insurance group says it remains committed to its three-year earnings target.
Trencor earnings muddled by Textainer deconsolidation
The group says last year’s earnings included a big gain after it deconsolidated the container group from its accounts.
Anchor attracts more fixed income investment
The asset manager and stockbroker has grown assets strongly since December due to a shift to safe interest rate products.
Aspen rallies despite earnings decline
The pharmaceuticals group expects to report a fall in annual earnings but has slashed debt following asset disposals.
WBHO held back by Australian losses
The engineering and construction group says a number of new large public sector contacts could reignite the local industry.
Fortress lowers distribution guidance
Holders of the B shares will get less than previously forecast next year due to impairments on development land.
DRDGold’s strategy pays dividends
The mine tailings retreatment specialist has quadrupled its dividend due to rising production and a stronger gold price.
Foschini holds back on credit sales
The retailer says cash turnover has grown strongly as the year gets underway but it is closing the credit taps.
Transaction Capital heads for A2X
The group will retain its primary JSE listing and its share capital will not be affected by the secondary listing.
The building materials retailer expects trading conditions to remain challenging but will continue with its store expansion and relocation strategy.
Tough conditions hold Old Mutual back
The life assurer doesn’t expect a significant financial impact from litigation over its decision to fire Peter Moyo as its CEO.
Bidvest overcomes difficult economy
The industrial group has grown earnings following strong performances from its services businesses.
Sun International reveals a mixed hand
The hotels and casinos group plans a comprehensive review of Sun City due to falling occupancies.
A big rise in earnings at subsidiary Sea Harvest helped offset the cost of exiting the consortium that is taking Clover private.
RCL's earnings sour on sugar tax
The branded food producer has impaired its Sugar business due to what it sees as a permanent reduction in local demand.
Northam spends R1 billion on Zambezi prefs
The platinum producer bought 13.7 million preference shares from the Public Investment Corporation in a move that should benefit shareholders.
ARM raises dividend despite impairments
The diversified miner says it continues to benefit from portfolio diversification with a strong performance from its iron ore operations.
After a big first-half decline, the financial services group’s full-year earnings won’t be down as much.
Grand Parade sells Slots stake to Sun
Shareholders could be in for a special dividend or buyback as the group exits its investment in the limited payout machine operator.
Cartrack’s subscribers top a million
The fleet management and vehicle recovery group says it will grow full-year revenue in the double digits.
Balwin takes cautious approach as sales rise
The property developer plans to preserve cash even as sales of its sectional title units improve.
Woolies sends Moir to sort out David Jones
The retail group has more than halving the value of its investment in the Australian chain, which has been hit by a cyclical downturn.
Massmart sees no end to weak environment
The mass retailer and wholesaler has swung to a loss due to constrained consumers and internal missteps.
ADvTECH affected by emigration
The private education group is growing its mid-fee schools as emigration and affordability impact premium campuses.
Sibanye-Stillwater shakes off gold strike
With the strike over and the inclusion of Lonmin, the group says it may resume dividend payments next year.
Steinhoff may sell businesses to save them
The retailer has reported a rise in revenue despite current challenges thanks to Pepkor Europe and Pepkor Africa.
Hail and fire ignite claims at Santam
After a relatively benign start to 2018, the insurer faced big claims for fire and hail damage this year.
Motus steers its way through tough conditions
The automotive group expects solid financial results for 2020, subject to stable currencies and SA retaining its investment grade rating.
Bidcorp dishes up higher earnings
The food services group says the UK and Eastern Europe delivered strong performances, while SA showed a recovery.
Adcock gets a clean bill of health
Shares in the pharmaceuticals manufacturer jumped after it reported a strong increase in annual earnings.
Distell hurt by currency devaluations
The wine and spirits group has reported strong growth in Africa but was hit by currency issues in Angola and Zimbabwe.
Murray and Roberts on track with strategy
The engineering and construction group is positioning itself for more big contract wins in the natural resources sector.
Dis-Chem bounces back from strike
The discount pharmacy chain has also benefitted from a bigger increase in the Single Exit Price for drugs.
Amplats wraps up acquisition of prospecting rights from Atlatsa
The platinum producer is buying the Kwanda North and Central Block rights from Atlatsa, which is in the process of delisting from the JSE.
Imperial takes restructuring pain
The logistics group says the benefits of a big reorganisation should reflect in its bottom line in the year ahead.
The mine tailings re-treatment specialist has benefitted from a higher gold price and the inclusion of Far West Gold Recoveries.
Sea Harvest helps reduce Brimstone’s losses
The black empowerment investment group says its interim loss and headline loss will be lower, partly due to its Sea Harvest investment.
Strike pushes Sibanye-Stillwater into a loss
The group has also recognised a fair-value loss on its dollar convertible bonds due to a rally in its share price this year.
More than a quarter of the retail property owner’s shareholders say they won’t support Comprop’s proposed R5.90 per share offer.
Acquisitive Stadio grows earnings strongly
The private education group has grown student numbers and earnings following a spate of acquisitions.
Sasol swept by more waves at Lake Charles
The oil and chemicals group has revised its earnings guidance for the project lower due to problems at the Ethane Cracker.
Super Group steers its way through the downturn
The logistics group continues to benefit from positive momentum in the commodities cycle as consumer-facing business come under pressure.
NEPI Rockcastle sticks with distribution guidance
The property owner says it has had more visits to its shopping centre as retail spending by Eastern Europeans grows.
No dividend as Northam triples operating profit
The platinum producer says its current capital structure, project commitments and the difficult economy preclude the payment of a cash dividend.
Hulamin buckles under tough conditions
The aluminium products manufacturer says it has taken corrective action after a number of factors impacted interim earnings.
Grindrod bites the bullet following restructuring
With its non-core businesses held for sale, the freight and financial services group is focused on trade corridors and finance.
Naspers shareholders say yes to global listing
Investors will get one share in Prosus for each Naspers share they hold when it lists next month.
Murray and Roberts’ strategic plan gains traction
The specialised engineering and construction group expects a rebound in annual earnings and says its order book remains strong.
The life assurer and asset manager served CEO Peter Moyo with a further notice terminating his employment.
South32 finds buyer for SA Energy Coal
The diversified mining group says selling its SA coal operations will strengthen its balance sheet and improve margins.
Mr Price marked down after bleak winter
The budget retailer says an imbalance in its clothing assortment resulted in bigger markdowns but it is seeing a spring recovery.
Special dividend as Italtile turns 50
The tile maker and retailer said it ended the year with cash in excess of its requirements.
Dividend bonanza from Exxaro despite weak coal sales
The resources group has benefited from increased income from its investments and selling down its Tronox stake.
ADvTECH rises on earnings forecast
The private education and staffing group will report an increase in earnings when it publishes its interim results at the end of the month.
Assore lifted by improved trading conditions
The mining holding company says full-year headline earnings will rise by as much as 28%.
Sasol denies favouring some investors
The group says it is normal to engage with investors after making an announcement and they weren’t privy to any price sensitive information.
Group Five prepares for rescue plan
The construction and infrastructure group’s business rescue practitioners says they will present a rescue plan on 30 August.
Rex Trueform’s retail operations pick up
The investment group says annual earnings will be higher helped by an improvement at its Queenspark fashion chain.
Strike takes it out of Transpaco
The packaging maker and recycler has reported a sharp dip in earnings after a strike affected its business trading period.
Shoprite recovers after ‘testing’ year
The supermarket chain says an improvement in fourth-quarter sales has continued into its new financial year.
Harmony’s losses narrow as production rises
The gold producer says it is well positioned to benefit from the uplift in gold prices.
The diversified miner has increased its final payout by more than expected despite disappointing growth in earnings for the year.
KAP maintains dividend after tough year
The industrial group has reported a 31% dip in net profit partly due to charges associated with an empowerment deal last year.
ARM takes impairment on the chin
The diversified mining group will report lower basic earnings after impairing Nkomati Nickel and its investment in Malaysia’s Sakura Ferroalloys.
The group has delayed the release of its annual results as it assesses the value of its investment in the mobile network operator.
WBHO warns on earnings decline
The engineering and construction has attributed a fall of as much as 40% in profit to losses taken on an Australian roads project.
Massmart gets green light for new CEO
Mitchell Slape will take control at the ailing retailer the day after it reports an operating loss due to weak sales growth and rising expenses.
Santova completes Maritime deal
The logistics company says buying MLG Maritime Cargo Logistics will increase its presence along key international trade routes.
Empowerment deal affects Sanlam’s earnings
The life assurer says first-half earnings will decline by up to 35% due to once-off charges linked to a recent empowerment deal.
The group has delayed the release of its results due to problems at the US project but does not expect further cost overruns.
Discovery shrugs off immediate NHI threat
The medical aid administrator says the rollout will take place over an extended period and there will still be a place for private health insurance.
Stadio marked up on earnings score
The private education group expects to report a rise of as much as 50% in interim earnings.
City Lodge’s earnings fall as vacancies rise
The hotels group says it is working on growing market share in a depressed environment.
Grindrod tanks on trading statement
Impairments on discontinued operations will result in an interim loss but its continuing businesses have done well despite the weak economy.
The logistics group expects to reported lower earnings with no quick recovery due to weak economic conditions in SA and Europe.
Office takes it out of Truworths
The retailer has impaired its investment in the UK shoe chain but is not contemplating a major financial restructuring of the business.
Gold Fields profitable as production rises
The gold producer expects its cash-generating ability to continue increasing as it reduces capex and gets more out of new projects.
Implats guides on profit surge
The platinum producer will report a return to profitability thanks to higher prices for its metal and an improved operational performance.
Sugar tax decays RCL's earnings
The food producer is impairing its sugar business due to the impact of the Health Promotion Levy.
Harmony to report improved earnings
The gold producer has benefitted from the full-year inclusion of its Moab Khotsong and Hidden Valley mines as well as lower impairments.
The pharmaceuticals group will pay £8 million and ensure competition in the supply of the medicine used to treat Addison’s Disease.
The group says it has benefited from operational improvements but looming wage talks are clouding its outlook for the rest of the year.
Curro plans further expansion as numbers grow
The private schools group says its focus will be on increasing its existing capacity rather than greenfield campuses.
Emira benefits from diversification
The real estate investment trust says investments in the US and in residential property have made it more defensive.
Exxaro’s earnings belie lower coal sales
The coal producer says a bigger contribution from its equity-accounted investments has compensated for weaker coal sales.
Safari and Fairvest break off talks
Safari says its independent board is now in a position to properly engage with Comprop on its rival bid for the property group.
Absa gains share in tough economy
The banking group says a bigger share of the retail market helped prop up interim earnings.
Steinhoff considers more disposals
The furniture retailer says its only hope for survival is to become a pure investment holding company focused on the retail sector.
Empowerment deal pushes KAP’s earnings lower
The industrial group says costs associated with the empowerment deal stripped 7.3c from earnings per share.
Strike damages Transpaco’s earnings
The group says the unprecedented three-month plastic industry strike and a stagnant economy are to blame for a decline in its performance.
Warning bell sounded for Kumba
Ingham Analytics says unless rand weakness is maintained over an extended period, Kumba’s earnings are likely to come under pressure.
Shareholders who do not take up the deeply discounted rights shares face dilution.
Libstar flags a mixed first-half performance
The group has improved its profit margins but has been impacted by impairments and the adoption of new accounting standards.
Murray’s Clough wins US contract
The project is Clough USA’s first major contract since the group was established in North America.
Grindrod Shipping says ahoy to IVS Okudogo
The shipping group expects to take delivery of the IVS Prestwick vessel next month as it bulks up its fleet.
Sabvest’s listed portfolio takes a knock
The investment holding company says a number of its listed investments should show an improvement in the period ahead.
Northam returns to full-year profit
The platinum producer says its two mines reported solid operating performances as it benefitted from higher metals prices.
Naspers prepares for Prosus vote
Shareholders on the Naspers register this Friday will be allowed to vote on its plan to list Prosus in Amsterdam next month.
Africa focus lifts Standard Bank
The bank's operations outside SA have reported a strong rise in profit, compensating for flat earnings in its home market.
Revenue from the network operator's businesses in Nigeria, Ghana and Uganda compensated for muted growth in its home market.
AngloGold Ashanti proceeding with streamlining
The gold producer says it has received strong interest in its remaining SA gold mine after reporting a strong first half performance.
Sibanye-Stillwater on track after better second quarter
The mining group's US platinum operations bounced back in the three months to June as its SA gold mines recovered from a five-month strike.
Distell suffers forex babelaas
The wine and spirits maker has impaired its Angolan investment and recognised a credit loss provision in Zimbabwe due to currency issues.
Mpact reaps benefits of investment programme
The packaging and recycling group says improvements to its business have more than offset the challenging trading environment.
DRC businesses drain Glencore’s earnings
The commodities group says it has taken measures to address challenges at its copper and cobalt operations and plans to halt production at Mutanda.
Italtile warns of slower second half
The tile manufacturer will still report a rise in full-year earnings despite a significant deterioration in trading conditions since April.
Defensive Pepkor grows sales in tough environment
The retailer says it has continued to grow its share of the market through its pricing strategy and value approach.
The group expects to list Investec Asset Management on the London and Johannesburg bourses in the first quarter of next year.
The platinum producer has been hit with higher cash costs and levels of depreciation due to the ramp-up of its Styldrift project.
Curro slumps on trading update
Excluding a sizeable tax adjustment, the private schools group will report single digit profit growth.
The deal is just the latest to be announced as consolidation in the property sector accelerates.
Invicta takes engineering to A2X
The engineering and capital equipment group’s listing will take the number of securities trading on A2X to 28.
Northam buys more Zambezi prefs
Buying the shares will reduce its Zambezi preference share liability and the dividends it pays on them.
Nedbank calls for faster action
The bank says structural reforms need to be tackled more urgently to avoid a downgrade, which would result in lower growth and more job losses.
Merafe withholds dividend due to volatile markets
Global uncertainty has curtailed demand, resulting in a surplus of ferrochrome on the market.
Quilter finds buyer for life business
Shareholders are likely to get an extra distribution after the wealth manager sold its non-core life assurance business.
Jubilee benefits from rising chrome production
The metals group says its processing projects are tracking ahead of schedule as it diversifies its earnings base.
Hyprop, Attacq sell Zambian mall
The real estate investment trusts are cutting their exposure to Africa outside SA due to difficult trading conditions and declining property prices.
Sea Harvest forecasts a strong catch
The seafood and fisheries group will benefit from last year’s acquisition of Viking Fishing.
SA Corporate rebuffs offers as MD stays on
The REIT says proposals from Dipula and Emira are not in its best interests as Rory Mackey agrees to stay on for another year.
Streamlined South Ocean back in the black
The investment holding company has returned to profitability following the disposal of Radiant Group.
Capital and Regional holds up in tough environment
The shopping centre owner says its focus on community centres has helped it weather slower consumer spending and structural changes in the retail sector.
Gold Fields rises on upbeat update
The gold producer will report a near doubling in normalised earnings when it releases its interim results next week.
The technology services group has appointed a chief risk officer to its board on top of other measures taken to improve its corporate governance.
Naspers’s global listing could lift your tax bill
Investors will receive shares in Prosus unless they choose to receive more Naspers stock instead. Either way, there are capital gains tax implications.
Woolworths takes another David Jones hit
The retailer has impaired its investment in the department store chain due to a poor performance and ongoing weakness in the Australian retail sector.
More write downs possible as EOH cleans up
The group says the impairments are unlikely to be as big as those made at the half year stage as it scrutinises its balance sheet.
AMSA calls for more protection from steel imports
The steel producer says the new carbon tax will make it even less competitive as imports are exempt.
Liberty’s turnaround plan pays off
The life assurer and asset manager has reported a strong rise in first-half earnings but has kept its dividend unchanged.
The group is converting capacity towards packaging to lessen the impact of weak graphic paper markets.
AngloGold Ashanti flags strong earnings rise
Although production declined marginally in the first half of its financial year, its earnings were boosted by once-off factors.
AMSA steels investors for a loss
The steel producer plans to cut jobs as part of a large-scale restructuring of its operations aimed at reducing costs.
Standard Bank goes green with coal funding
The bank says it will make its policy on lending to coal mining operations public once it has been through the appropriate processes.
The shopping centre owner says radical transformation is needed as more retailers struggle to remain relevant.
Glencore’s copper business misses the mark
The commodities producer and trader says its African copper business missed expectations, while it has taken a $350 million paper loss on cobalt inventories.
The retailer and wholesale group expects to report an interim operating loss of up to R30 million as sales weakened and expenses rose.
Shoprite reports recovering sales
Fourth-quarter sales at the supermarket group were particularly strong, but not enough to boost full-year earnings.
Invicta hires outsider as new CEO
Steven Joffe will take over on 1 January from Arnold Goldstone, who will become non-executive chairman of Kian Ann Engineering.
MC Mining makes progress with Makhado
The coal miner expects the development of the hard coking coal project to make it the pre-eminent SA producer.
JSE’s Newton-King to step down
The stock exchange operator says CEO Nicky-Newton King will be replaced by former JSE executive Leila Fourie when she retires.
Efficient Group may delist from JSE
Private equity fund Apis is subscribing for shares in the financial services group and may extend an offer to minority shareholders.
L2D grows trading density in tough environment
The shopping centre owner says the quality of its properties have helped cushion it against the tough economy.
Hammerson hit by retail downturn
The UK shopping centre owner has reported a loss after lowering the value of its properties.
Omnia’s shareholders back recapitalisation plan
Almost all votes cast at last week’s general meeting were in favour of issuing new shares as the group grapples with high debt.
Rolfes cautionary stokes speculation
Its shares are worth less than half their value of two years ago despite the positive effects of a restructuring.
TeleMasters declares dividend despite earnings plunge
The telecommunications solutions company has declared a 1.5c per share dividend although its 2019 earnings have tumbled more than 90%.
Stefanutti keeps the wolf from the door
The construction group has raised R120 million of ring-fenced project capital as part of a larger funding plan.
Brimstone finds new investors for Clover buyout
The empowerment group expects to incur once-off costs running into the millions following its decision to withdraw from the transaction.
Alex Forbes sells insurance business to Momentum Metropolitan
The R1.94 billion disposal forms part of its strategy to focus on its employee benefits business.
Anglo American's billion dollar buyback
The group says the buyback recognises the resilience of its position and builds upon the $3.4 billion returned to shareholders since mid-2017.
Sasol update ends shares lower
Despite a higher rand-oil price, the group will report a fall in full-year earnings after writing own its assets by R18.1 billion.
Vodacom buoyed by International business
The mobile network operator anticipated slower growth in SA due to new data regulations, price cuts and the weak economy.
The brewer had its best quarterly beer sales in over five years in the three months to end-June.
Capco to proceed with demerger
The London property owner plans to list Covent Garden as a separate REIT while it mulls expressions of interest in Earls Court.
The automotive components and energy storage business has flagged a rise of as much as 23% in first-half earnings.
AECI looks beyond earnings dip
The chemicals and explosives group expects the benefits of realignment projects to outweigh the costs in the second half of its financial year.
Weak economy dents AVI’s earnings
The branded consumer goods group says the difficult trading environment has limited sales growth.
The electronics group says impairments, increased provisions and legal fees have pushed it into the red.
The black-owned financial services group plans to list on A2X markets at the end of the month as it progresses to the JSE’s Main Board.
Mpact rolls out strong first half
The paper and packaging group says underlying earnings rose by up to a third, supported by its containerboard operations.
Bond investors take up Implats offer
Close to 100% of the bondholders have accepted, or indicated their interest in, an early offer to convert their bonds to equity.
The iron ore producer has raised its payout ratio due to its strong cash position.
The trading statement came ahead of the suspension of Mondi Ltd shares as the group starts operating under a single holding company.
Tobacco weighs on Reinet’s value
The investment group has reported a decline in its net asset value due to continued pressure on the share price of British American Tobacco.
Astoria’s NAV falls after asset sales
The investment group has disposed of most of its listed investments as it returns capital to shareholders.
RBPlat’s losses increase as Styldrift ramps up
The platinum producer has warned of bigger first-half losses despite record production.
Takeover bid may scupper Fairvest's Safari plan
Shareholders holding 55.7% of Safari have agreed to support a R1.83 billion buyout instead of a merger with Fairvest Properties.
Amplats triples dividend as planets align
Following a strong first-half, the platinum producer says there are further opportunities to unlock full potential from its operations.
Transcend plans to offload Midrand units
The residential property fund says the 225 units at Midrand Village do not fit the typical profile of properties it includes in its portfolio.
Cashbuild reports a better final quarter
Fourth quarter sales at the building materials retailer have help support an otherwise tough year.
AB InBev sells Australian unit
The brewer will use the proceeds to pay down debt after postponing the listing of its Asia Pacific subsidiary due to market conditions.
Clover buyout clears competition hurdle
The Competition Commission has recommended that the deal be approved, conditional on the preservation of jobs and local procurement.
Merafe warns of lower earnings
The chrome and ferrochrome producer says it was affected by substantially lower chrome ore and ferrochrome prices in the first half of the year.
CompCom says no to Murray takeover
The Competition Commission believes ATON’s acquisition of the local group could potentially throttle competition in the sector.
PepsiCo says the deal is a vote of confidence in SA and could help attract further foreign direct investment to the country.
Cartrack shareholders dismiss offer
A mandatory offer was triggered after CEO Zak Calisto’s investment company took a 68% stake in the group
Richemont posts strong rise in sales
The luxury goods group says Japanese and Chinese sales were particularly strong, while protests in Hong Kong affected its business there.
Liberty benefits from market recovery
The life assurer expects a strong rise in first-half earnings due to stronger equity markets and a continued turnaround of its business.
Minas-Rio lifts Anglo's production
The diversified miner says it is on track to meet this year’s production target as Minas-Rio ramps up production ahead of schedule.
Amplats finalises transfer of BRPM to RBPlat
The Department of Mineral Resources has granted its unconditional consent for the transfer of the mining rights to RBPlat.
Altron loses Tshwane broadband contract
The group says it is not ruling out an appeal after the High Court set the contract aside due to tender irregularities.
AECI warns of temporary earnings blip
The chemicals and explosives group says once-off restructuring costs will be offset by the resultant benefits.
BHP rebounds after Tropical Cyclone Veronica
The world’s biggest mining company reported a strong fourth quarter after a cyclone disrupted its Australian iron ore operations in March.
Implats plans to settle pricey bonds
The platinum producer wants to use the tailwind of higher rand PGM prices to reduce debt and optimise its balance sheet.
EOH uncovers R1.2 billion in dubious deals
A report by ENS has uncovered unsubstantiated payments, tender irregularities and other unethical business deals in public sector business.
Amplats more than doubles earnings
Shareholders are in line for a bigger dividend as the group benefits from higher rand PGM prices and a recent restructuring.
NEPI progresses with Romanian office sale
AFI Europe has exclusivity for eight weeks to conduct a due diligence exercise on the €309 million office portfolio.
The company says it has not experienced material benefits from being on the JSE and delisting will allow it to focus on its performance.
AB InBev pulls Hong Kong listing
The brewer said the decision not to proceed with the public offering was partly due to prevailing market conditions.
Bidvest will pay an enterprise value of R3.1 billion for the fleet management and logistics business.
IDC puts up funding for Makhado
The R245 million facility will be used to develop the west pit and modify the existing Vele Colliery processing plant.
PFG and Zeder cautionaries raise speculation
It was suggested that Pioneer may be about to make an acquisition or that Zeder could unbundle its stake in the food producer.
The two divisional CEOs resigned with immediate effect ahead of the release of a report into public sector contracts.
The gold producer has benefited from a restructuring but says protest action at its Barberton Mine has resulted in lost production days.
Losses have narrowed but unless it’s given the space to stabilise its business, its ability to continue as a going concern will be hampered.
Hulamin addresses flagging demand
The aluminium products manufacturer is looking for new markets due to a decline in demand from the US and carmakers.
Rebosis offloads New Frontier stake for R700
The real estate investment trust blames its stake in the UK shopping centre owner for its depressed share price.
Phumelela hobbled by more hurdles
The sports betting and horse racing group says it won’t be in a position to pay a final dividend as conditions continue to deteriorate.
Mondi ready for simplified structure
The paper and packaging group will start trading under a single holding company structure at the end of the month.
Sales at the retailer’s Fashion, Beauty and Home divisions have picked up but conditions in Australia remain challenging.
Nampak makes progress with glass disposal
The packaging group says it and the prospective buyer are fully committed to concluding the transaction.
Blue Label plays down Cell C letter
Cell C’s biggest shareholder says no material concerns or issues have been uncovered in a “deep dive” into the network operator's business practices.
Emira makes a play for SA Corporate
In the latest proposed merger in the property sector, the real estate investment trust says there’s compelling rationale for a tie-up.
Jobs on the line as AMSA warns of losses
The steel producer says cost-saving initiatives won’t be enough to counter the significant challenges it faces.
The platinum and chrome producer has reported an increase in third-quarter chrome production following a pit redesign.
intu sells Derby stake to cut debt
In a structured equity transaction, Kuwait’s Cale Street Investments will pay £186.3 million for half of the intu Derby shopping centre.
Kibo to split Tanzania licence in seven
The energy company says the change in approach to its application has provided further clarity on its coal to power project in that country.
Texton winds up Chobe Tesco sale
The property fund will use the proceeds of £12 million to pay down debt and fund capex requirements.
The industrial group hasn’t received the subscription price from its prospective empowerment partner.
After a year and a half in the job, Philip Dieperink is vacating his position and will be replaced by operations director Theodore de Klerk.
Implats rallies on return to profit
The platinum producer is the JSE’s top performer this year, buoyed by higher metals prices and an operational turnaround.
Datatec’s Logicalis expands with Mars
The ICT group says their combined portfolio will offer a better range of services and solutions to local and international customers.
Anglo fund takes up Orion stake
The Australian minerals explorer has also received environmental authorisation for its Prieska Zinc-Copper Project in the Northern Cape.
Arrowhead and Gemgrow firm up merger
Arrowhead’s reverse take-over of Gemgrow is expected to benefit both sets of shareholders and improve liquidity and access to capital markets.
The pharmaceuticals group says it’s now in a position to explore options with other potential partners for its European pharmaceuticals business.
The diamond producer says operating in an unlisted environment would reduce costs, while shareholders would get the chance to exit at a premium.
The engineering and construction group will use the proceeds to strengthen its financial position and reduce debt as it’s turnaround continues.
Chief financial officer Tiffany Purves will take on a dual role while the investment group looks for a replacement CEO.
Quilter considers exiting life assurance business
The wealth manager is undertaking a strategic view of its Old Mutual Wealth Life Assurance business which could lead to its disposal.
The bank says taking a secondary listing for its three precious-metal ETFs will help reduce overall costs for investors.
SAA’s settlement over anti-competitive behaviour will lift Comair’s headline earning’s by 277c per share.
Super Group completes supply chain deals
The logistics group says the transactions will bolster its position in the refrigerated and retail sectors.
Glencore urges restraint in DRC
The group’s Kamoto Copper Company has asked armed forces near its mines to exercise restraint against illegal artisanal in the area.
Afrimat backs out of coal deal
The construction materials and commodities group has ended talks to buy the ASX-listed coal producer for R2.1 billion.
The group says it has assessed a report by law firm ENSafrica and will make the relevant findings public later this month.
The resignation of the construction group’s auditors follows the departure last week of its chair and three other non-executive directors.
Astoria offloads Kingswood stake
Due to the illiquid nature of the AIM-listed group’s shares, Astoria said selling its stake was in the best interests of shareholders.
Steinhoff wants executives’ salaries back
The furniture retailer has gone to court to recoup payments made to its former CEO and CFO.
Tough day at Office for Truworths
The retailer's shares fell after it confirmed talks to restructure debt at its UK shoe chain as difficult trading conditions continue.
The “friendly merger” of the two real estate investment trusts is expected to result in immediate cost savings and improved funding costs over time.
EOH sells CCS stake to repay debt
The technology services group says it will still be able to participate in CCS’s growth as it gains more international exposure.
Tiso backs management share purchases
The group is cancelling its existing share incentive scheme following the sale of its media assets to Lebashe Investments.
No dividend as CSG swings to a loss
The services group says it’s retaining cash and reducing debt but will reassess its position in six months time.
The group says Apex’s services will help facilitate and support its own investment activities.
Brait launches new incentive scheme
The group says a new class of “B” shares will align the long-term interest of its corporate advisor with those of its investors.
The industrial group says the government needs to implement measures to kick-start the economy.
WBHO says skilled staff are emigrating
The roads, construction and civil engineering group says skilled employees are emigrating due to economic challenges and the weak construction sector.
Attacq, Hyprop sell Ghana mall
The real estate investment trusts are scaling back their exposure to Africa outside SA after writing down the value of their properties.
PBT Group hints at future dividends
The data management group hasn’t declared a 2019 dividend but says payouts are likely in the future due to improved operating conditions.
PSV’s losses multiply in difficult year
The group says it’s confident it can continue as a going concern due to shareholder support and a planned capital raise.
Basil Read downscales as business rescue drags on
The group is moving to smaller premises after laying off most of its employees a year after entering rehabilitation.
ATON’s bid for Murray drags on
Fifteen months on, the German firm has extended its offer to M&R’s minorities by another three months due to delays in getting regulatory approval.
Spur to buy back Grand Parade stake
The restaurant franchisor wants to repurchase the 10% held by the casino and fast-food group before a five-year lock-in expires.
PPC grows earnings in a tough market
The cement producer has cut overhead costs and improved its cash flow, helping it to reduce its SA debt.
Tiso Blackstar exiting its media empire
Titles including The Sunday Times, Business Day, Financial Mail and Sowetan will soon be under new ownership.
Although the group is focused on coloured gemstones, it said evidence of gold near its ruby mine couldn’t be ignored.
Sibanye enters JV with Generation Mining
The gold and platinum producer says selling a stake to Generation unlocks immediate value for the group.
Exxaro volumes fall on lower Medupi demand
The coal and heavy minerals producer says production volumes are down so far this year, while coal export prices have also declined.
Tough times for cement producer Sephaku
The cement and concrete producer plans to reduce debt while assessing future growth opportunities.
The pan-African property investor says it’s also considering its options to raise more capital to fund a pipeline of potential opportunities.
The cement producer says the former Holcim executive will take over as soon as his work permit has been approved.
The chemicals, fertilizer and explosives group has reported a more than R1 billion swing in profitability following a tough year for all its divisions.
Wescoal ‘disappointed’ as it reports lower earnings
The coal producer says its second-half performance was impacted by disruptions, including industrial action at its Vanggatfontein mine.
Declining demand brought on by economic uncertainty impacted the digital technology group as it completed a restructuring.
Anglo Platinum flags higher earnings
Shareholders could be in for a bumper payout after the platinum producer changes its dividend policy last year.
Edcon reduces Resilient's distribution
The real estate investment trust says its 2019 distribution will be at the lower end of previous guidance, partly due to its Edcon exposure.
Metrofile to exit non-core business following review
The documents storage business plans to sell or close three businesses and expand its digital services offering.
Tsogo places leftover hotel shares
Some shareholders were unable to receive stock in Tsogo Sun Hotels in this month’s unbundling.
JSE hit by poor market sentiment
The stock-exchange operator says the difficult economic environment in SA has impacted investor appetite.
Invicta grows earnings after toughest year ever
The engineering and capital equipment group says just about every sector it operates in has been under severe pressure.
Kibo strikes energy storage accord
The announcement of the partnership with ESS Tech came alongside the release of its 2018 financial results.
Equites lined up for July listing on A2X
The property fund sees a secondary listing on A2X as an opportunity to attract new investors and deliver more value for shareholders.
Etion warns of a full-year loss
Apart from a umber of once-off costs, the digital technology group says customers are spending less on projects.
CDC to invest in Mettle’s solar rollout
A consortium headed by the British development finance institution will ultimately hold 40% of Mettle Solar Investments.
The IT services group has bounced back after exiting its loss-making operations in the Middle East and Africa while expanding in Western Europe.
MC Mining updates Chinese agreement
Under the deal, Haohua Energy International will help arrange funding for the development of MC’s coking coal assets.
Naspers delays Euronext listing after postage blunder
The group now expects to list its international internet assets on Euronext Amsterdam in September.
Naspers grows profit by a quarter in transformational year
The group says it has completed its transition to a global consumer internet group as it prepares for an Amsterdam listing.
PPC forecasts rock-solid results
The cement producer says debt is down and headline earnings will be at least a third higher.
Hosken strengthens Cape bus operation
The investment company has taken full ownership of two bus services in the Western Cape.
Little hope for Group Five shareholders
The construction group’s business rescue practitioners say while creditors may recover their loans, there will be no equity left.
Volatile markets pare Peregrine’s earnings
The wealth manager and financial services group earned lower performance fees from Stenham and Peregrine Capital last year.
Accelerate pins hopes on Fourways super centre
Despite the negative short-term outlook for local property, the fund expects the extended shopping mall to serve as a catalyst for future opportunities.
Insimbi bulks up on recycled metal
The metals and plastics group is expanding its client base and trading network with the acquisition of Gauteng-based Treppo.
The industrial group says the costs for putting together last year’s empowerment deal will strip 7.3c from earnings per share.
Peter Moyo hits back at Old Mutual
The group’s former CEO says it was represented at the board meeting where NMT resolved to pay a further dividend of R105 million.
Steinhoff narrows its loss as it battles on
The retailer says this year’s sales are likely to be lower due to tough competition and after it sold off some businesses.
MC Mining strikes off-take deal with AMSA
ArcelorMittal SA will replace imported hard coking coal with coal from MC Mining’s Makhado project once it’s up and running.
Tough conditions apply the brakes to Motus
The automotive group says full-year revenue is likely to be flat, but earnings will increase.
Schroder progresses with its Winning Cities strategy
The real estate investment trust says the cities it has property in are better placed than many to weather global economic and political risks.
Old Mutual sacks CEO over dividend payments
Recent corporate governance breakdowns in the private and public sectors highlighted the need for directors to be vigilant in managing conflicts of interest.
Alex Forbes sweetens results with special div
The pension funds administrator says it doesn’t plan to hold excess cash on its balance sheet following a change in its strategy.
Brait’s losses swell after a tough year
The investment company says it’s taking steps to reduce the discount its shares trade at relative to its value.
Green light for Lighthouse to issue shares
The property investor says it will issue additional stock as and when investment opportunities arise.
Kore Potash raises funds for expansion
The potash exploration and development company says its Sintoukola project in Congo has the potential to become a preeminent production hub.
Etion warns of earnings decline
The company, previously called Ansys, says customers are spending less on projects due to the subdued economy.
On top of already tough economic conditions, the chemicals and fertilizer group has faced drought, impairments and currency issues in Zimbabwe.
The printing and packaging group has had to adjust since Media24 renegotiated printing contracts on less favourable terms.
Zarclear benefits from revised strategy
The investment group narrowed the discount to value its shares trade at after building a new investment case.
Mining remains in the doldrums
Lower gold production led a decline in overall mining production in April, continuing the negative trend for the sector.
Pembury reverses course on retirement
The group says it decided to dispose of its remaining retirement villages following feedback from shareholders and potential funders.
Trustco recovery aided by once-offs
The Namibian investment company says its diversity also assisted growth in 2019 earnings.
Crookes Brothers gets a boost from nuts and bananas
The agricultural group says its 2019 results underscore the success of its diversification strategy.
BAT expects vaping growth to ignite sales
The world’s second-biggest cigarette maker says its New Category portfolio will report growth of between 30% and 50% this year.
Naspers talks Turkey in digital payments space
The consumer internet group believes there’s a big opportunity for its PayU subsidiary in Turkey as the government promotes digitisation of the economy.
After load shedding contributed to a fall in GDP in the first three months of the year, positive growth has started to emerge for the second...
Adrenna warns of lower earnings
The property group will report a headline loss per share but its tangible net asset value has improved.
Resilient Stor-age raises dividend
The self-storage property group expects next year’s dividend to be 7%-9% higher if conditions don’t deteriorate.
Wescoal won’t be farming on Vanggatfontein
Acquiring the surface rights to the farm where its Vanggatfontein colliery is situated will allow it to expand the operation.
Oando’s AGM cancelled amid boardroom tussle
The Nigerian oil group says the SEC’s actions are not in the best interests of the company or its shareholders.
Group Five to fill investors in on business rescue
The construction group’s business rescue practitioners will engage with shareholders next week as assets are put up for sale.
Profit dips as Capital Appreciation invests for growth
The FinTech business is developing new productions and building capacity as it signs on more financial institutions as customers.
NEPI Rockcastle takes A2X to 21
The European shopping centre owner will take a secondary listing on the exchange next Tuesday in addition to its JSE and Euronext listings.
ARC gets AI backing for TymeBank
Ethos Private Equity’s Artificial Intelligence Fund has invested in the new digital bank.
Tongaat suspended on results delay
The sugar producer said the decision wasn’t taken lightly and was meant to protect investors as its financial statements couldn’t be trusted.
MultiChoice’s maiden results will reveal a loss
While earnings have been affected by forex losses and a stake given to its empowerment schemes, its core profit will be as much as 12% higher.
Stars align for Kibo’s Benga project
The energy company has submitted its feasibility studies to Mozambique’s authorities and is now trying to secure coal supply and power purchase agreements.
Bidvest maintains margins despite tough trading conditions
The industrials services group says growth in trading profit lost momentum in the four months to end-April.
A new chapter in Lonmin’s 110-year history
Investors will receive shares in Sibanye-Stillwater this week following the suspension and delisting of the group’s stock from the JSE and the LSE.
Crookes prepares for bumper harvest
The agricultural group has benefited from strong sugar yields and new macadamia orchards coming into production.
Stenprop trims dividend as it repositions its portfolio
The industrial property investor has trimmed its full-year payout by 16% to 6.75p and will offer a scrip alternative subject to approval.
Gas producer Renergen rises on ASX debut
The natural gas and helium company’s shares rose 27.5% on their Australian debut.
The Namibian investment company expects a big improvement in full-year earnings from its main investment segments.
Bauba prepares for prospecting right
The platinum and chrome exploration company says its application for a prospecting right over the farm Hartebeesfontein has been accepted.
Sibanye curtails job losses in restructuring
Close to 3,500 employees will be affected, with voluntary separation, early retirement and natural attrition accounting for the bulk of the job losses.
Alex Forbes warns of earnings decline
The pension funds administrator has been affected by a number of write-offs and the cost of writing off an expensive IT contract.
The insurer has grown new business and headline earnings despite turbulence in SA and other emerging markets.
Jubilee to double PGM production capacity
The company says it’s also progressing with its acquisition of the Sable Zinc refinery in Zambia as it tries to further diversify earnings.
Mkhwanazi takes the chair at EOH
Xolani Mkhwanazi’s appointment as chairman follows those of CEO Stephen van Coller and financial director Megan Pydigadu.
The food producer says its chicken and sugar businesses have weighed on earnings due to imports and the new sugar tax.
The print and packaging group’s 2018 results were affected by big impairments after Media24 renegotiated a printing contract.
MAS’s move east pays dividends
The Central and Eastern European property investor aims to grow its distribution by 30% between now and June 2022.
African Phoenix goes to court over pref share scheme
The investment group wants to buy back its preference shares as it shifts strategy.
Consolidated Infrastructure hobbled by the weak economy
The pan-African infrastructure group is now focused on growing its power and energy capabilities across the continent.
Imperial falls on unsatisfactory performance
The logistics group has reported weak operational performances will impair its Consumer Packaged Goods business as it rationalises its operations.
Lactalis made payment for Aspen's Nutritionals Business on Friday and it should appear in its bank account any day now.
German office demand boosts Sirius
The property investor has raised its full-year dividend by 6.3% following strong rental growth as it refined its strategy.
Delta trims dividend to fund capex
The property fund has forecast short-term pressure on earnings as it finalises bulk lease renewals and negotiates long-term financing of debt.
Grand Parade in talks over Spur shareholding
It’s been speculated that the empowerment group could reduce its stake in Spur to focus on its Burger King franchise.
Finbond goes platinum for the Afrikaans market
The lender says it still plans to transform into a retail bank and will target Afrikaners with its new “Finbond Platinum” online offering.
Mr Price doffs its cap to Australia
Sales at the discount retailer topped R20 billion last year, with strong growth outside SA, but it’s called time on Australia.
Taste tries to get back on track
The restaurant and jewellery group has restructured its operations after losing focus and expanding too quickly.
Tongaat takes a caning on overstatement
The sugar producer and land owner’s shares fell as much as 10% on Friday after it said its balance sheet had been overstated.
Consolidated Infrastructure tanks on trading statement
The infrastructure group expects its headline loss per share to widen as the tough economy exerted pressure on most of its businesses.
The infrastructure investment group has reported lower revenue due to a reduced stake in the Dorper Wind Farm as it diversifies its portfolio.
Life Healthcare hit by options contracts
The hospitals group entered a number of hedges when it sold its investment in India’s Max Healthcare but it says these will be offset by the...
Omnia to raise R2 billion to reduce debt
Although discussions with creditors are progressing well, the chemicals and fertilizer group says it needs to reduce its debt.
Nampak pushes metal over plastic
The packaging group is trying to grow its share of the local packaging market by positioning cans as a better alternative.
Stefanutti Stocks looks for ways out of cash crunch
The construction group faces short-term liquidity pressure due to delayed payments from clients.
Strike ends at Amplats’ Mototolo mine
Fired workers will be reinstated and can make back lost income and production over the next four months.
Wescoal buys remainder of Moabsvelden coal project
The group says development activities at Moabsvelden are about to start, with the first coal expected by the end of the year.
The short-term insurer’s net underwriting margin has dipped below its target range following a series of catastrophes.
Famous Brands dishes up dividend as GBK recovers
The restaurant group says sales at its UK burger chains are showing positive growth as the new year gets underway.
Pepkor gains market share on low price appeal
The retail giant says first-half sales fell short of expectations in a challenging trading environment.
Arrowhead hopeful of post-election recovery
The real estate investment trust says tenants have been affected by the weak economy, resulting in higher vacancies and lower rental rates.
The aviation group has appointed joint CEOs to manage its airline and non-airline businesses following the recent resignation of Erik Venter.
Insimbi trims dividend after tough year
The refractory and non-ferrous alloys group’s profitability was affected by a strike in the plastics industry as well as acquisition costs.
Astral ruffled by Lekwa water shortage
An undersupply of water to the poultry producer’s Standerton processing plant has cost it at least R85 million.
Cartrack subscriber growth accelerates
The fleet management and vehicle recovery group expects double-digit subscriber and annuity revenue growth to continue.
MTN makes progress on asset sales
The network operator will raise R1.2 billion of its R15 billion target from the sale of its interests in Amadeus and Travelstart.
Sibanye gets the nod on Lonmin deal
The transaction will create the world’s biggest primary producer of platinum and help sustain Lonmin’s operations.
SASSA shift delivers a blow to Finbond
The mutual bank and lender says earnings will be sharply lower after the SA Social Security Agency shifted grant recipients to a new debit card.
ELB cleans up after strategic review
The review was triggered by a cash crunch at Engineering Services due to delays in the final testing of its Gamsberg Zinc project.
Sun International goes for Latam jackpot
The casino and hospitality group plans to merge its assets in Latin America to create a regional giant.
Telkom dials up strong 2019 growth
The telecoms operator came close to doubling the number of mobile customers using its services last year.
Reunert hopeful on a recovery in confidence
Demand at the group’s electrical engineering businesses has been subdued due to a cutback in spending by state-owned enterprises.
Insimbi warns of lower earnings
An extended strike at its Plastics division and a new method for accounting for leases will contribute to a decline in full-year profit.
Dividend bonanza from ISA Holdings
The IT security specialist wants to reduce unnecessarily high cash levels following a year of strong profit growth and high cash flows.
The life assurer has separated with CEO Peter Moyo over what it called a breakdown in trust.
Afrimat progressing on Universal due diligence
The construction materials and commodities group says its diversification strategy is paying off, helping it grow full-year earnings.
Tradehold confirms listing of Collins
The property investment company says it will unbundle the SA property group by February 2022 after receiving an investment in its local property portfolio.
Fortress cleared of manipulation in PwC report
The group says PwC found no evidence confirming market manipulation and insider trading but said there was evidence of inadequate governance in the past.
Knee-jerk reaction as Ascendis fires CEO
The shares recovered early losses to close slightly higher on Friday after declining 3.5% on Thursday on news of Thomas Thomsen’s axing.
Quantum hurt by lower egg prices
The poultry and feeds group says raw material costs have risen while the price of eggs is on the decline.
Foschini styling through the downturn
The fashion and homeware retailer has reported a good rise in earnings despite difficult trading conditions.
Mediclinic nursing Hirslanden back to health
The private hospitals group says tariff reductions due to regulatory changes will continue to impact its Swiss operation in the short term.
Brait’s shares dive as its value dwindles
The ground has revalued its investments due to a decline in the value of their respective peer groups.
Walmart sends in CEO as Massmart’s profit falls
The retailer’s shares fell sharply after it warned that first-half headline earnings could be at least 50% weaker than a year ago.
Tsogo Sun to list hotels group next month
Shareholders will receive one share in the newly-listed hotels group for every Tsogo Sun share held.
More cracks in Sasol’s chemicals project
The group says more cost overruns at Lake Charles in Louisiana haven’t altered its capital allocation strategy or dividend plans.
The furniture and appliances retailer has benefited from changes to credit granting rules and a wider target market.
Tiger Brands pays special div on Oceana sale
The fast-moving consumer goods group reported lower earnings as it still reels from the impact of last year’s listeriosis crisis.
Dipula lowers dividend guidance due to tough economy
Shareholder Arrowhead says the lower payout won’t have a material impact on its own dividend for the year.
Aspen in talks with potential partner
The group says discussions with the European company follow a strategic review of its local and European Commercial Pharmaceuticals businesses.
Gold Fields on track with South Deep recovery
The gold producer says it’s confident the SA mine will continue meeting its targets this year.
Newpark hit by rising vacancies
After reporting a lower final dividend, the real estate investment trust is budgeting for growth of 6% to 8% this year.
Rhodes grows sales on market-share gains
The food producer says margins have weakened, partly due to lower international selling prices for its canned fruit after the recent drought.
MMI’s growth strategy gains momentum
The life assurer is ‘cautiously confident’ that it will meet its headline earnings target of R3.6 billion to R4 billion in 2021.
Coronation hampered by volatile markets
The fund manager has reported lower earnings and trimmed its interim dividend after weak markets and the subdued economy affected asset levels.
Tobacco weighs on Reinet’s value
The investment vehicle has spent €68 million buying back its own shares to try to narrow the 42% discount it trades at.
The food services group has maintained its earnings outlook for the year as its businesses in SA and China show signs of an improvement.
The mass retailer says it will decide on the action to take against Ramachandran Ottapathu once legal and forensic investigations are completed.
Wescoal resolves Vanggatfontein dispute
The coal producer expects the mine to return to full production early next month, two weeks ahead of schedule.
Rising costs eat into Pioneer’s profit
The branded food producer has maintained its interim dividend despite a slide in earnings.
Adcorp pays dividend as profits return
The labour broking and outsourced services group says its 2019 results reflect the early successes of last year’s turnaround strategy.
Barloworld eyes Mongolian Caterpillar dealer
The group has raised its interim dividend after a strong result from its southern Africa equipment business.
Amplats axes striking Mototolo workers
The platinum producer says the impact on production has been minimal after workers went on strike over medical aid benefits.
Aspen sells drug portfolio to cut debt
Global healthcare group Mylan has taken up its option to buy a drug portfolio from Aspen Global Inc.
Investec Property Fund offloads Australian units
The fund will use the proceeds from the sale to either pay down debt or invest in its Pan-European platforms.
After declining in the first half of the year, revenue from finance charges, initiation fees and insurance premiums picked up in the second half.
Acquisitions boost Richemont’s sales
Yoox Net-a-Porter and Watchfinder & Co. lifted the luxury brands group’s full-year sales by more than a quarter.
Liberty stems outflows as turnaround gains traction
The life assurer took remedial action last year to improve the value of new business, stem outflows and improve its financial performance.
New mine delivers for Pan African
The gold producer is on track to meet its annual production target as it shifts to a low-cost, long-life asset base.
Aspen close to dispensing infant formula business
The pharmaceuticals group’s high level of debt has concerned investors and the sale will help it deleverage its balance sheet.
AMCU loses bid to halt platinum merger
The Competition Appeal Court has upheld the Competition Tribunal’s conditional approval of Sibanye-Stillwater’s takeover of Lonmin.
Investec shuts robo advisor as it prepares for demerger
The group says it’s committed to listing Investec Asset Management as it positions its bank and wealth management business for future growth.
The discount pharmacy group gained market share and raised its full-year dividend by 8.5% despite the impact of the industrial action.
Datatec back in the black on Westcon turnaround
The ICT group isn’t paying a 2019 dividend but has bought back more than 10% of its own stock.
Santova navigates choppy waters
The group has raised its dividend by 7.1% to 7.5c despite encountering one of the toughest trading environments since the global financial crisis.
MTN listed its Nigerian business at 90 naira after disputed claims by Nigeria's Attorney General created uncertainty over its valuation.
Sorbet adds gloss to Long4Life
The lifestyle investment group says revenue from the chain of beauty stores topped R100 million for the first time.
The supermarket and distribution group reported strong first-half sales from its liquor and hardware segments.
VAT increase weighs on Balwin Properties
The property developer slashed its dividend as profit margins declined but it expects continued urbanisation to drive demand for its apartments.
Production was affected after it decided to reconfigure its open pit mine to make access easier.
No slowing Transaction Capital
The SA Taxi owner says it extended its track record of high-quality organic earnings growth, raising its interim dividend by 29%.
Spear REIT weathers the drought
The Cape-focused real estate investment trust has delivered on its distribution guidance for its 2019 financial year.
Kumba expects rock solid results
The iron ore producer expects first-half earnings to be at least 160% up on last year.
Investec Property Fund strengthens offshore focus
The real estate investment trust’s 2019 distribution was supported by its investment in its Pan-European logistics platform.
MiX Telematics grows earnings on new subscribers
The vehicle tracking and asset management solutions group is targeting similar growth in the year ahead.
Rebosis holds back on dividend as it pays down debt
The real estate investment trust had a tough first half, impairing the value of its UK investment by close to R2 billion.
Lighthouse Capital makes progress on strategy
The property investor is exiting its listed portfolio so it can grow its direct property and development assets.
The group expects to report a strong rise in full-year earnings after it downsized and restructured its operations.
Mazor cuts costs as it prepares for another tough year
The steel, aluminium and glass group says its tendering for as many contracts as possible in a constrained market.
Octodec prepares for lower second-half payout
The real estate investment trust says its payout has been affected by pressure on rental income growth and rising operating costs.
Vodacom’s earnings down on BEE deal
Stripping out the costs of the R16.4 billion scheme, full-year profit would have been 4.2% higher.
Calgro M3 at a loss after land invasions
The affordable housing and memorial parks developer faced a series of obstacles last year that pushed it into a full-year loss.
Selling prices have fallen and costs have risen, resulting in a sharp decline in first-half earnings.<
The group says it’s rightsized its roads and earthworks businesses due to a big drop in business from the public sector.
Netcare feels the strain of local healthcare sector
The private hospitals group increased earnings due to the inclusion of Akeso Clinics as demand for mental healthcare services grew.
Rebosis jumps despite declining dividend
The real statement investment trust says the full-year dividend for its B shares will be as much as 76% lower than last year.
Drought continues to hamper Kaap Agri
The agri-services group says the recovery in Wesgraan and the impact of new petrol stations will come through in the second half.
Pepkor forecasts higher earnings
The retail group’s 2018 interim results were negatively affected by a R500 million provision.
Tharisa hit by lower sales, rising costs
The platinum and chrome producer sold less metal at a lower price, while costs rose due to reduced economies of scale.
Lonmin backs merger despite improved fortunes
The platinum producer says it’s still constrained by a capital structure that inhibits it from investment in new projects.
Value Group grows customers in tough economy
The distribution and logistics group has reported a sharp rise in earnings as it cut costs and found new customers.
Clover churns out higher earnings ahead of buyout
The group, which is under a R4.8 billion takeover offer, will report a strong rise in profit after impairments affected its 2018 earnings.
Earnings jump as Altron completes restructuring
The ICT and electronics group lifted full-year earnings by half as a number of its businesses won lucrative private and public-sector contracts.
AngloGold Ashanti may draw the curtain on SA
The group says its remaining SA mine, Mponeng, requires further investment which could earn better returns elsewhere.
MTN prepared for Nigerian listing
The network operator will list its Nigerian business this month after it received the approval of the country’s Securities and Exchange Commission.
Sappi sinks on soggy paper demand
The paper and pulp producer says full-year earnings are likely to be lower due to pricing pressure and global economic uncertainty.
Mondi wraps up a strong first quarter
The paper and packaging group said it benefitted from acquisitions, higher selling prices and a strong operational performance.
The producer of Lucky Star pilchards benefited from increased sales of canned fish but footed a much higher tax bill.
DRDGold rallies on higher production numbers
The mine dump reprocesser benefitted from last year’s acquisition of Far West Gold Recoveries from Sibanye-Stillwater.
Datatec flags a return to profit
The ICT group says it’s made good progress in reshaping its Westcon International business, while Logicalis and Analysys Mason have continued to do well.
The fuel and lubricants group says March’s volumes were 13% higher after it added 230 Engen garages to its network.
Steinhoff lays bare the cost of fraud
The embattled retail group has finally released its 2017 accounts and says sales for the subsequent two years are likely to be worse.
Late Easter dampens AB InBev’s beer sales
The world’s biggest brewer says SA and Argentina reported weaker consumption in the first quarter as consumer spending remained under pressure.
Wet weather dampens Wescoal production
The coal producer says above average rainfall in Mpumalanga has affected its opencast mining operations.
GBK devours Famous Brands’ earnings
The quick-service restaurant group will report a full-year basic loss and lower headline earnings after impairing its investment in the burger chain.
Massmart CEO quits after 20 years
The supermarket group said the timing of Guy Hayward’s departure has yet to be confirmed but he plans to leave by year-end.
Redefine certain about uncertainty
The real estate investment trust has increased its interim distribution by 4% and expects to maintain that if operating conditions don’t change.
Arrowhead revises distribution guidance
Arrowhead Properties says a bigger-than-expected decline in subsidiary Indluplace's dividend this year will have a relatively small impact on its own distribution.
Brait’s New Look completes debt restructuring
A series of transactions have trimmed Brait’s equity stake in the UK fashion chain to 18.5%.<
Efficient benefits from end of profit-share
After exercising its option to end a profit share agreement, 100% of profits now accrue to the financial services group.
Investec Property Fund backs Australia listing
The fund says releasing some of its shares into this month’s listing will help it diversify its portfolio.
Indluplace warns of weaker dividend
Continued vacancies at its Highveld View property and challenging trading conditions have forced the real estate investment trust to lower its guidance.
intu flags lower income as Roberts takes over
The property group’s new CEO says retail income will be up to 6% lower this year as more companies enter CVAs and tenants hold back.
Harmony maintains production guidance, raises costs
The gold producer says higher all-in sustaining costs for the year to June take Eskom price increases into account.
Ascendis finds buyers for Biosciences businesses
A consortium of private equity groups and management will pay R480 million for the most of the businesses in the Ascendis Biosciences division.
Pembury falls short as it grows enrolments
The group is reviewing its investment in retirement villages as it focuses on growing learner numbers at its schools.
The investment holding company reported strong growth in revenue from its hospitality and property investments after exiting financial services.
CSG prepares for growth after tough year
The services company faced a number of challenges last year as it integrated security acquisitions, lost contracts and fell victim to fraud.
Sun International cuts Latam stake ahead of IPO
The hotels and casinos group is selling part of its interest in Sun Dreams in Chile to minority shareholder Pacifico.
Astral warns of weaker earnings
The poultry producer says feed prices are up while selling prices have fallen.
Ingenuity maintains focus on the Western Cape
The property investor says it expects to complete two new developments in Cape Town within the next six months.
Glencore lowers 2019 copper guidance
First-quarter production was affected by flooding in Australia and safety-related stoppages and smelter outages in Zambia.
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Oasis positioned for economic recovery
The bulk of the fund’s portfolio is in the Western Cape, with growing exposure to the logistics sector.
MTN Ghana rings up strong first-quarter sales
The mobile network operator has reported a strong rise in voice and data revenue for the three months to end-March.
Trematon grows investments in schools, property
The investment group has sold off mature assets so it can grow its schools business and invest in residential property.
MC aims to start Makhado construction by September
The project will make MC Mining the top producer of high-grade metallurgical coal in the country.
Kibo gets go ahead for Tanzania project
The energy group will now enter talks to export energy from its MCCP project to other countries in the region.
The commodities giant says it will cooperate with an investigation by the US Commodity Futures Trading Commission.
Naspers switches MakeMyTrip for Ctrip stake
Naspers obtained a 40% stake in MakeMyTrip two years ago through a merger with Ibibo Group.
Implats maintains targets despite power challenges
The platinum producer expects to meet its full-year guidance, albeit at the lower end.
Pick n Pay lures customers with price cuts
The supermarket group says a six-year strategy to build a leaner and fitter business is paying off.
After a tussle with shareholders in December, the consumer and commercial electronics group will ask them to ratify its new board of directors.
RDI tilts portfolio towards beds, sheds and desks
The real estate investment trust plans to continue reducing its exposure to the retail sector by disposing of shopping centre assets.
Vunani tumbles despite improved results
The financial services group has grown revenue by 21% due to strong showings from its commodities trading and advisory services businesses.
Gold Fields on track for 2-million ounce milestone
The gold producer expects to maintain its production profile at that level over the medium to long term.
Sibanye-Stillwater raises Lonmin offer
The increases offer reflects the recent recovery in PGM prices, balanced against Lonmin’s financial constraints.
Anglo reports a mixed first quarter
The diversified miner’s coal operations weighed on production as Minas-Rio in Brazil got back on its feet.
Santova hurt by weak trading conditions
The logistics group expects to report a decline in full-year earnings due to the weak SA economy and the weaker British pound.
Wescoal declares force majeure at Vanggatfontein
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PSG gets a kicker from Capitec
The bank now makes up two-thirds of PSG’s value from just over half a year ago.
Max disposal hits Life Healthcare’s earnings
The group will report lower first-half earnings partly due to costs related to the sale of its stake in Max Healthcare.
Value Group flags higher earnings
The group’s 2018 earnings were impacted by transaction costs for a black economic empowerment deal.
Slimmed down Astoria prepares to pay out
The company has changed its investment policy which has resulted in a capital payout to shareholders.
EPP sells shares to new investor
The Polish property group announced an accelerated bookbuild to bring a “significant” new investor on board.
Valuations scupper bid for RDI
The European shopping centre and hotel owner said a conditional proposal from the Australian property group undervalued the group.
Omnia rallies after ruling out rights issue
The fertilizer and chemicals group has engaged with its main bankers to devise and implement a debt restructuring to ensure its long-term sustainability.
CEO Jebb McIntosh says with costs reduced to a minimum, all that’s missing is a boost to the group’s revenue line.
Mr Price brings A2X into fashion
The exchange says Mr Price’s upcoming listing is an important milestone as it continues to attract listed companies from various sectors.
Indequity benefits from rand weakness
The short-term insurer’s strategic hedge against rand depreciation paid off in the first half of its financial year.
Atlantic Leaf makes progress in challenging year
The property investor has changed to a UK REIT which it says should assist in its strategy to raise new capital from investors.
Delta secures more government leases
By signing 5-year lease agreements, the Department of Public Works will give the property fund more predictable earnings going forward.
The industrial group says the expansion strategy for its equipment division could include European countries outside the UK.
Sasol back on track after strong third quarter
The group has made up for some lost production at its Second Synfuels Operations, while mining productivity is tracking ahead of last year.
Ingenuity expects five-fold rise in HEPS
The Western Cape property investor is in the process of buying back close to a third of its shares.
Shoprite reaches deal to curb Wiese’s control
By eliminating the two-tier capital structure, the retailer says its stock is likely to be more appealing to institutional investors.
Trematon reduces its headline loss
The group has investments in SA and UK property, as well as a majority stake in Generation Schools.
New EasyEquities clients rain on Purple
The fintech group has narrowed its losses due to a big improvement at its GT247.com derivatives business as it continues to build EasyEquities.
Tiger Brands to defend class action suit
The claims of more than 1,000 victims are proceeding against the food producer in a single matter.
Just the right medicine from Clicks
The pharmacy, health and beauty retailer has raised its interim dividend by 15% after a strong first half.
The private hospitals group says its 2019 results will be in line with expectations despite the challenging healthcare environment.
The retail group’s 2018 results were negatively affected by a R500 million provision.
Quantum Foods warns of lower earnings
The poultry group had a strong 2018 financial year due to higher egg prices and lower raw material costs.
Kibo hires Wimmer to manage debt raising
The boutique investment bank will advise Kibo on African project financing as its African energy projects approach a final investment decision.
Massmart's sales start to recover
The retailer and wholesaler says it’s too soon to call the rise in first-quarter sales a trend.
PSG Konsult grows earnings despite weak markets
The group has increased its dividend by 10% after its asset management and insurance divisions compensated for flat earnings from PSG Wealth.
Gold strike ends at Sibanye-Stillwater
The miner has resolved a five-month strike at its SA gold operations as it prepares to enter wage negotiations at its platinum mines.
EOH to cut debt with asset sales
The tech services group’s shares have doubled over the past week despite it swinging to a first-half loss.
Zeder’s value falls on weak sentiment
Share prices of the investment group’s portfolio of companies have declined sharply over the past year.
Nu-World grows earnings in tough market
The consumer electronics and liquor group has maintained market share by introduction more brands and new models of electronic goods.
Steinhoff may settle with claimants
The furniture retailer wants more detail about who the claimants are and how big their shareholdings were.
Insimbi warns of lower earnings
The group says margins came under pressure as the US/China trade stand-off and Brexit weighed on commodity prices, while fuel prices went up.
Sabvest invests in cryptocurrency startup
The investment group is buying a 30% stake in Revix for R11 million as it invests alongside its founders.
Orion suspends trade ahead of fund raising
The minerals explorer plans to issue more shares and introduce a larger empowerment shareholding as it moves ahead with its Prieska Project.
The farming community retailer and agri-services group will post a sharp rise in first-half sales as it expands and gains market share.
New Frontier considers delisting
The UK and continental Europe property investor is looking for ways to protect the value of its assets due to Brexit.
Special div as Gemfields sells Jupiter
The group has sold its remaining stake in ASX-listed Jupiter as it focuses on its coloured gemstone operations.
The financial services group has prepared investors for a much smaller first-half loss.
Spear bolsters Western Cape industrial assets
The real estate investment trust is paying R112 million for the Radnor Road Distribution Centre.
Unexpected developments delay AEEI’s results
The investment group says it still hopes to release its interim results before the end of May deadline.
The company will report a big loss when it releases first-half results tomorrow due to a number of impairments and write-downs.
Brimstone pulls out of Clover deal due to Israeli connection
The empowerment group bowed to shareholder and community pressure due to the inclusion of an Israeli company in the transaction.
Jasco benefits from acquisition, ICT contracts
The group has swung back to a profit and plans to review its capital structure to unlock potential future growth opportunities.
Higher taxes to upset Oceana’s catch
The fishing group says first-half gross profit rose sharply but higher taxes will result in lower earnings.
Grand Parade chair still has skin in the game
The gaming and leisure group says Hassan Adams and his associates remain significant shareholders following last week share sale.
Tharisa’s production picks up despite blackouts
The platinum and chrome producer says it’s back on track to meet its Vision 2020 targets following improvements at its mining operations.
Altron rallies on profit forecast
More dividends lie ahead after the IT and electronics group said it expected a strong rise in full-year earnings.
Cashbuild lifted by new stores
Third-quarter growth was driven entirely by the new stores opened or acquired since the start of its 2018 financial year.
Zeder marks down its investment in Pioneer
The investment group’s value has dropped following a 37% slide in Pioneer Foods’ share price.
Sibanye-Stillwater gets cash upfront for gold
Combined with this week’s equity raise, the gold and platinum producer has access to about R10 billion of undrawn credit.
Steinhoff’s Conforama secures funding arrangement
The French retailer says the capital will ensure the stability of its capital structure and operations.
AH-Vest benefits from improved capacity
The branded sauces company invested in plant and equipment in the six months to end-December for its Veri Peri line of sauces.
Sibanye raises R1.7 billlion capital buffer
The gold and platinum producer sold close to 109-million shares at R15.50 each to existing and new institutional investors.
enX still mulling options for fleet management unit
The industrial holding group says it’s also reviewing other opportunities to create more shareholder value.
The industrial holding company gave no further details but the capital injection follows the sale of a stake to Regis Holdings last year.
Barloworld broadens black ownership in R3.5 billion transaction
The industrial conglomerate is selling a portfolio of its SA property to black investors, including employees, management and the broader public.
Value Capital raises the stakes in Grand Parade
The activist investor has grown its shareholding to above 20% as chairman Hassan Adams reduces his stake.
Santova expands its European offering
The logistics group will pay up to €1.92 for MLG Maritime Cargo Logistics as it expands its global presence.
Arrowhead and Gemgrow plan merger
The real estate investment trusts say a single listing will create a simpler group structure and benefit shareholders.
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Sibanye plans capital raise as strike continues
The gold and platinum producer plans to raise R1.8 billion to tide it over but may resume dividend payments if all goes well.
Rolfes rallies as CEO buys shares
In what could be seen as a vote of confidence, Richard Buttle has spent more than half a million rand on the company’s shares.
Jasco flags a return to profit
The electronics group’s ICT businesses have benefitted from higher spend in the telecommunications sector.
Murray’s Dubai dispute nears an end
Dubai’s Department of Civil Aviation and the HMRT joint venture have to agree on a final account for the cancelled Dubai International Airport contract.
Indequity benefits from investment gains
The short-term insurer expects to report a strong rise in first-half earnings helped by a rise in investment income.
Premier Fishing lifted by squid acquisition
The fisheries group says it’s seeing the benefits of last year’s acquisition of Talhado Fishing Enterprises.
Sibanye wants gold strike declared unprotected
AMCU says a verification process into membership numbers at Sibanye’s gold mines was flawed and the company was premature in declaring victory.
Afrimat enters bid for Universal Coal
A consortium including JSE-listed Wescoal terminated negotiations for Universal after failing to get the recommendation of the junior coal miner’s board.
Sirius flags strong results as its exits non-core properties
The German property investors expects like-for-like growth in rental income to top the 6.2% it reported last year.
Pick n Pay claims market share gains
The retailer says turnover rose by a market-beating 9.6% in the 53 weeks to 3 March, with like-for-like volumes up 5.1%.
IAPF revises distribution guidance upwards
Investec Australia Property Fund expects growth in its post-withholding tax distribution to be higher than previously forecast.
The private education group also welcomed a High Court judgement that law degrees from private institutions should be recognised by the Law Society.
The European property investor has appointed former banking executive Werner Behrens as CEO from 1 May.
Steinhoff buys more time for results release
The “track and trace” process required to ensure appropriate adjustments of accounting irregularities has proved to be more complex and time-consuming than expected.
Afrimat flags a rebound in earnings
The construction materials group expects to report a rise of between 20% and 30% in full-year earnings.
Oando to cut debt with Axxela sale
The energy firm’s auditors say there’s material uncertainty about its ability to continue as a going concern as its liabilities exceed its assets.
Murray joint venture wins Snowy Mountains tender
The group has been looking for new complementary markets to support its order book in Australia.
Gamsberg project pushes ELB into first-half loss
The engineering group and capital equipment supplier says it’s pursuing all possible recoveries, including insurance claims, back charges, and project asset sales.
Fortress delays PwC report back
PwC was commissioned by a subcommittee to investigation share trading activities and historic related-party transactions for any signs of malfeasance.
intu appoints CFO to replace David Fischel as CEO
CFO Matthew Roberts will try to revive the shopping centre operator after a tough year and a number of abandoned takeover bids.
Premier Fishing forecasts bigger catch
The fisheries group has flagged a rise of as much as 30% in first-half earnings.
Wilderness hits back at Gazette reports
The ecotourism operator says due to its proposed delisting it wants to clear up the facts.
Vukile sells shares to grow Spanish portfolio
The real estate investment trust said proceeds of its R700 million book build would be used for opportunities in Spain.
Quilter bulks up advisory business with Lighthouse deal
The wealth management group says the deal will secure its position in the UK financial advice market as it consolidates.
EOH sets deadline for public sector contract probe
The tech services group aims to wind up its investigation by the end of May so it can clear its reputation after Microsoft terminated partnership agreements.
Sirius completes asset disposal programme
The real estate investor says it is now focused on growing its branded office parks in Germany’s big seven cities.
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BHP reviews guidance after Tropical Cyclone Veronica
The diversified mining group says its initial estimate is for a 6 to 8 million tonne reduction in output from Western Australia Iron Ore.
Steinhoff investors delay their day in court
Aggrieved European shareholders and the retailer have agreed to postpone legal proceedings until 15 May.
York Timber sells outlier plantation to Sappi
The timber producer said the commercial forestry assets were too far from its processing operations.
Accéntuate floored by acquisition
After reporting a first-half loss, the infrastructure supplies group is selling Pentafloor back to the original owners.
Wesizwe aims lower with Bakubung mine
The platinum developer has reported a headline loss for 2018 and now plans to get a smaller mine up and running.
The group expects to declare a final dividend of between 15c and 23c per share due to a decline in full-year earnings.
Slicker Oando benefits from higher oil prices
The Nigerian oil producer has cut debt and improved earnings and says there’s scope to resume dividend payments.
Atlatsa gets debt reprieve as it winds down
The platinum mining and exploration group reported a lower loss for 2018 as it prepares to buy out minorities and go private.
Schroder completes warehouse redeployment
The European property investor has redeployed all of the proceeds from last year’s sale of low-yielding retail properties into more lucrative logistics assets.
Trencor withholds dividend as it mulls Textainer listing
The group is preserving cash after buying back shares worth R100 million as it considers an inward listing of US investment Textainer.
AYO credits contract win for strong growth
The technology company has more than tripled first-half earnings and hopes to win more lucrative contracts with multi-nationals.
Phumelela battles over hurdles
The horse racing and sports betting business plans to downsize after reporting weaker results from its local operations.
Calgro M3 prepares investors for a loss
The housing developer says it’s taken steps to address the issues it can control and is awaiting an insurance claim for those it can’t.
Brainworks stalls results on currency uncertainty
The hotels and real estate investor expects to report a profit after paying down debt and existing the financial service sector.
Adcorp rallies as profit returns
The outsourced services and labour broking group says full-year profit will rise as much as 253%.
4Sight plans further expansion offshore
The new-age technology group plans to grow in the Americas after its first full year on the JSE.
Conduit Capital hit by Constantia underwriting loss
The investment holding company expects its insurance business to achieve an underwriting profit in the second half of the year.
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The retailer hasn’t disclosed how much it expects for the motor dealership after selling its remaining stake in KAP Industrial for R4.8 billion earlier this week.
Capitec jumps as it draws more customers
The bank reported a rise in transaction fees as it grew active customer numbers to 11.4-million.
Anchor maintains earnings in tough market
The financial services group says it was affected by weak investment markets and reduced activity on the JSE, which resulted in lower brokerage.
Jubilee Metals swings to profit as projects come onstream
The processor of surface materials produced almost twice as much platinum group metals last year at costs below the industry average.
Netcare pays dearly to keep the lights on
The private hospitals group expects to pay over R10 million this year to keep generators running at its hospitals during load shedding.
TeleMasters loses GSM customers as it shifts to the cloud
The telecommunication systems business plans to acquire complementary businesses this year to improve its offering.
The mining services group says it’s completed its conversion to an investment holding company, with a strong rise in first-half earnings.
Workforce benefits from diversification
The group is growing earnings from non-staffing businesses and says it’s likely to continue benefitting from government incentives.
Trellidor rides on London Underground
The security products and blinds group expects to gain more traction from projects in the UK as growth at home dwindles.
Steinhoff sells KAP stake for R4.8 billion
The retailer’s shares rose after it sold the investment to help reduce debt and boost working capital.
Rhodes grows sales in challenging environment
Five-month sales are up but profit margins are under pressure due to low price inflation the lingering impact of the drought.
RDI confirms takeover interest
The real estate investment trust’s shares rallied after it confirmed a takeover approach from ASX-listed Cromwell Property Group.
Tiso Blackstar hit by impairments as it cuts costs
The media and print & packaging group isn’t paying a dividend as it focuses on reducing debt and selling its non-core steel assets.
Eastplats gets first revenue from Crocodile River
At full capacity, the tailings retreatment project is expected to generate cash flows from offtake of about $1 million a month for about five years.
Master Drilling geared up for 2019
The drilling specialist says it has a stable order book and a healthy pipeline of work, with increased enquiries for its services.
Ethos Capital sees opportunities in uncertain times
The private equity investor says it’s in a position to take advantage of attractive valuations for unlisted companies across sub-Saharan Africa.
Ecsponent takes control of MyBucks
Despite a short-term decline in earnings, the credit provider says the investment will realise significant value in the medium term.
The group says a focus on its employee benefits business is aimed at delivering optimal value for stakeholders.
Delta secures longer-term government leases
By signing 5-year lease agreements, the Department of Public Works will give the property fund more predictable earnings going forward.
Steinhoff offloads KAP to reduce debt
The retailer will sell its remaining 26% stake in the industrial group if it can achieve an acceptable price for the stock.
South Ocean aims for profits after Radiant
The electrical cable manufacturer believes action taken over the past year will improve profitability.
The coloured gemstone group aims to become the “De Beers of coloured gemstones” through its mine-to-market model.
Strike whittles away York Timber’s earnings
The timber producer has reported an interim loss but says revenue that wasn’t generated during the period will be recovered.
Naspers plans Euronext listing
The global internet giant hopes to increase value for shareholders while reducing its disproportionate weighting on the JSE.
Murray expands in the Americas
The engineering and construction group made the announcement as German suitor ATON extended its mandatory offer by three months.
Microsoft severs more ties with EOH
The global software giant has given notice to a number of other EOH companies after terminating agreements with EOH Mthombo last month.
No April fool as Aspen prepares for A2X
The pharmaceuticals group says listing on the exchange provides the prospect of increasing its shareholder base.
Lonmin still sees Sibanye as its saviour
Shareholders will get to vote on the transaction if the Competition Appeal Court finds in its favour.
KayDav rewards shareholders as earnings rise
The group credited better control of costs and credit for a big rise in profit last year.
Brait closing out Fleet scheme
The investment holding company is repurchasing shares sold to members of its investment team back in 2011 and repaying bank loans.
Impairments hit Gemfields’ earnings
The precious stones miner impaired its Kagem emerald mine by $22.6 million due to a new export duty in Zambia.
GTC benefits from vibrant economies
The real estate investor has a portfolio of retail and office properties in the fast-growing capitals of Eastern and Southern Europe.
Jubilee pushes ahead with Kabwe after buying a refinery
The diversified metals recovery company says buying the Sable Zinc refinery will help it get metal to market faster.
Kibo gets ahead on Benga project
The resources company is progressing with a final review of the power plant project after completing a feasibility study.
Aveng JV loses court bid on Mtentu bonds
A joint venture between Aveng and Strabag International were seeking an order to stop Sanral from making a call on their bonds.
Omnia’s earnings implode as debt rises
The fertilizer and chemicals group will swing to a full-year loss due to a bigger interest bill and a number of once-off charges.
Fortress calls off Resilient deal
The transaction was aimed at loosening ties between the two real estate investment trusts after shareholders raised concerns.
The group has racked up a number of acquisitions as it expands its presence in the metal recycling, beneficiation and trading business.
Astoria shareholders back downsizing plan
The investment group plans to liquidate its listed equity portfolio and return capital.
Netcare sells hospitals to RH Bophelo
Last year’s acquisition of Akeso Clinics was conditional on the sale of the Rand and Bell Street hospitals.
Astoria prepares to scale down
The group says if shareholders don’t approve resolutions at today’s general meeting its performance will continue to be driven by global equity markets.
The financial services group has posted a strong rise in first-half earnings after it took steps to improve its credit processes.
Alaris flags a better second half
The radio frequency technology company says its orders are lumpy due to long sales cycles.
Mixed bag from Remgro’s investments
Lower earnings from Total, RCL Foods and Community Investment Holdings offset gains from Mediclinic, Grindrod and FirstRand.
Grand Parade reviews strategy after Dunkin’ Donuts failure
The investment group blames the poor performance on the challenges of launching a premium brand in a tough trading environment.
Ascendis to revise strategy if Remedica sale proceeds
The healthcare group has withheld an interim dividend so that it can retain cash and pay down debt.
Sun City casts a shadow over Sun International
The hotels and casinos group expects trading in South Africa to remain subdued due to continued pressure on disposal income.
Bell rings up strong global sales
The group is investing in an expanded range of trucks due to strong global demand, while local conditions remain subdued.
ADvTECH boosts numbers through expansion
The private education group has grown its presence outside SA, while its staffing business has also profited from the move to alternative markets.
Hulamin flags lower headline earnings
The aluminium products manufacturer has revised down expectations for its 2018 results, due out today.
HomeChoice blames Post Office for weak sales
The group says second-half retail sales were impacted by a backlog at the Post Office, which meant its catalogues weren’t delivered on time.
Raven Property eyes growth in Russian e-commerce
The Russian warehouse investor says occupancy levels are benefiting as market fundamentals in the market improve.
Balwin preserves cash in tough environment
Despite strong demand for its apartments, the property developer remains cautious due to the weak economy, interest rates and policy uncertainty
Investec on track with demerger
The specialist bank and wealth manager says it's faced challenging conditions in SA and the UK, with market volatility affecting earnings at Asset Management.
Tsogo said the separate listing would improve disclosure and allow for a valuation that is not discounted for gaming-related regulatory risks.
Metrofile rises on results release
Shares in the documents storage business sank a week ago after its chief financial officer quit and it warned of weaker results.
Steinhoff’s R100 billion accounts fraud
PwC’s first report following an investigation into the accounts of the furniture retailer found bogus transactions worth more than R100 billion.
Calgro M3 ends Afhco joint venture
The property developer says the end of the JV doesn’t change its long-term strategy of growing annuity income through rentals.
Exxaro's dividend soars after a bumper year
The resources group has lifted its full-year dividend by 55% after a year of record production and a bigger payout from Sishen.
ARC misses targets after tough year
The investment group’s portfolio was affected by the weak economy, with the value of its listed investments declining last year.
Metair charged up after a strong year
The group’s automotive components and battery businesses both delivered strong growth and it expects conditions to remain favourable.
RMBH rides on FirstRand’s growth
The investment holding company has narrowed the discount to its underlying intrinsic value to 11.2%.
MC Mining pushes ahead with Makhado
The coal producer says phase one of its flagship project has been approved in time to take advantage of positive coking coal prices.
Capital & Regional falls after reducing its dividend
The real estate investment trust wants to preserve cash to fund investment while maintaining its distribution requirements.
Quantum Foods warns of weaker earnings
The poultry and egg producer has warned of lower first-half earnings after a strong 2018 financial year.
Impairments hit Grand Parade’s profit
The investment group has impaired its investment in Dunkin’ Donuts and Baskin-Robbins after liquidating them in December.
Growthpoint looks offshore for growth
The real estate investment trust says it expects little to no growth from its SA property portfolio this year due to the weak economy.
Libstar pays maiden dividend after tough year
The branded consumer goods group says last year was the toughest yet but it has a very clear growth strategy.
Mpact wraps up strong year for paper
The paper and plastics packaging group benefited from an upgrade at its Felixton mill, lower recovered paper costs and rising containerboard prices.
Sun International jumps on improved earnings
The hotels and casinos group plans to continue reducing its debt due to strong cash generation at its operations.
Global grows losses as it invests in renewables
The investment group is moving out of asset finance as it takes advantage of the more to recycling and alternative energy.
Investec fund buys bargain Canberra property
The property fund is buying the building housing Australia’s Attorney General as it invests in well located, high quality assets.
FNB lifts FirstRand in challenging year
The banking group’s first-half performance was also supported by a solid contribution from newly-acquired UK lender Aldermore.
Group Five suspended as taps run dry
The construction and infrastructure group says shareholders have little chance of realising any value as it joins Basil Read and Esor in business rescue
Quilter rallies on full-year profit growth
The MedScheme owner has maintained its programme of expansion as it prepares for new public sector contracts.
AfroCentric gears up for new contracts
AfroCentric has reported subdued first-half profit growth as it invests in new businesses across the healthcare value chain.
Stenprop boosts UK industrial portfolio
The industrial property company has increased its multi-let industrial portfolio to more than £250 million with the addition of Gainsborough Trading Estate.
Metrofile warns of lower profit as CFO resigns
The documents storage business says first-half HEPS will be up to 39% lower.
Global Asset Management to delist
The AltX-listed company has launched a scheme of arrangement, alongside a mandatory offer from large shareholder ARC.
Absa grows earnings after ‘unprecedented’ year
The banking group’s results for 2018 are still impacted by its separation from former parent Barclays Plc.
Old Mutual delivers on most commitments
The group missed its main profit target due to volatile markets and the weak SA economy as it announced R2 billion in share buybacks.
AVI hobbled by weak shoe sales
The consumer goods group’s first-half results were impacted by poor sales at Spits and restructuring at Green Cross.
While geopolitical uncertainty dented ferrochrome prices last year, the company says Eskom remains a key risk factor in 2019.
RMI raises dividend despite lower earnings
A spike in mortality claims at Discovery and a normalisation of claims at OUTsurance resulted in an 8% decline in earnings.
Sea Harvest buoyed by Viking deal
The acquisition has offset flat revenue in the fishing group’s home market and lower revenue from Australia.
Mixed performance from Brimstone’s investments
The investment holding company has reported lower profit due to the downward revaluation of some listed investments and losses at Lion of Africa.
Eskom adds to Famous Brands’ troubles
The restaurant group says inconsistent power supply has further worsened consumer sentiment and negatively impacted its operations.
Phumelela may pull the reins on dividends
The sports betting group says given the trading pressures it faces in South Africa, its board may revise its dividend policy.
MMI resumes dividends as it makes progress
The life assurer is paying an interim dividend of 35c per share after completing a R2 billion share buy-back programme.
The group says shares acquired by its Executive Share Trust from a vehicle jointly owned by its CEO were bought on an arm’s length basis.
Sentiment sours towards Tongaat Hulett
In the latest problem to beset the sugar producer, it says it may have to review financial statements from previous financial years.
Ascendis warns of lower earnings as asset sales progress
The healthcare group says talks over its Remedica business continue while it’s making progress with the disposal of non-core businesses.
Bauba hampered by administrative delays
The platinum and chrome exploration company says an improving chrome market will help its full-year earnings.
The engineering group says the Northern Cape zinc project has suffered setbacks that resulted in additional costs and delayed milestone payments.
Phumelela may pull the reins on dividends
The sports betting group says given the trading pressures it faces in South Africa, its board may revise its dividend policy.
EPP unscathed by Sunday trading ban
The Polish shopping centre owner says more than 100 million customers visited its centres last year.
Standard Bank benefits from African growth
The bank’s operations outside SA now contribute close to a third of headline earnings.
MTN surges after announcing asset sales
The network operator plans to realise at least R15 billion over the next three years which it will use to reduce debt.
Sanlam earnings down on market volatility
The life assurer has raised its dividend by 8% despite a dip in earnings due to weak investments markets.
Aspen to pay down debt as it focuses on pharma
The pharmaceuticals group says it’s splitting its SA business to increase focus following the sale of its Nutritionals business.
Afrox cuts dividend as costs rise
The group is restructuring its operations to focus on areas where it can grow earnings in a subdued economy.
Grindrod on solid ground after shipping spin-off
The freight, logistics and financial services group says it's positioned its businesses to increase market share and to capitalise on any global market improvements.
Mining results show why Murray is a target
ATON will be watching closely after a strong first half for Underground Mining offset weaker performances from the group’s other divisions.
Transaction Capital expects to maintain and grow dividends
The group says its two operating divisions have had a strong start to 2019, with upside potential if the economy improves.
Texton plans shake-up under new CEO
Marius Muller plans to selectively reposition the property fund’s portfolio and dispose of properties that are non-core.
Exxaro expects bumper earnings
The diversified resources group says higher coal prices and a lack of once-off transactions will result in higher earnings.
Clover grows earnings as takeover looms
The dairy and drinks growth says the early implementation of its strategic focus has contributed to a stable performance despite weak consumer spending.
Attacq grows earnings in tough environment
The real estate investment trust reported good trading at its Mall of Africa centre and growth in dividends from its stake in MAS Real Estate.
RBPlat plans rights offer as Styldrift ramps up
The platinum producer intends to raise R1 billion to help fund upgrades of its recently acquired Maseve asset and grow production at Styldrift.
Resilient and Fortress to loosen ties
Resilient plans to take back the shares Fortress owns in it as the property companies continued to address market concerns.
Fortress flags smaller 2019 distribution
The real estate investment trust has changed the way it treats the interest it earns from loans to the Siyakha Education Trusts.
SA Corp. lowers distribution in tough economy
The real estate company has faced increased property rates, additional refinancing costs and higher provisions for bad debts.
Alex Forbes dismisses media reports
The company says a disgruntled former employee may have leaked confidential company information and shareholders should pay no heed.
Stadio rallies on strong 2018 growth
The group more than doubled student numbers after a string of acquisitions as it takes advantage of the demand for private tertiary education.
RCL cries fowl over cheap imports
The food producer says there’s an oversupply of chicken in the market due to imports, while high levels of imported sugar remain even after the government...
Bidvest shakes off weak economy
The industrial services, trading and distribution group has grown earnings against a frail economic backdrop and is preparing for a new CEO.
Rolfes back on the road to recovery
The speciality chemicals group has sacrificed margin in a competitive environment but says it’s refined its strategy and is going back to basics.
MAS’s move east pays dividends
The property investor has raised its interim distribution by 40% as its strategy to target growth assets in Central and Eastern Europe pays off.
Frothy end to 2018 for the world’s biggest brewer
After a tough 2018 which saw AB InBev cut its dividend to reduce debt, sales have improved and it forecasts a better 2019.
Landlords step up in Edcon recapitalisation
Property groups have agreed to reduce floor space, cut rentals and buy equity as they participate in the rescue one of their biggest tenants.
African growth leaves Distell in high spirits
While local volumes dipped in the six months to end-December, African markets outside of SA consumed more of Distell’s wines and spirits.
ARM lifts dividend despite hefty impairment
The diversified miner is in discussions with its partner in Nkomati, Norilsk Nickel, on the mine’s future.
Hyprop benefits from move offshore
The shopping centre owner says it has agreed to support Edcon as part of its restructuring proposal and may take up an equity stake in the...
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Mondi in position for the paper chase
The paper and packaging group says it’s well-placed for the move from plastic to paper.
BAT results clouded by lawsuits and regulatory challenges
Full-year earnings beat guidance but the tobacco group’s shares have failed to ignite due to regulatory pressure and lawsuits.
Implats slashes debt as profit returns
The mining group says fundamentals for palladium and rhodium remain strong, with platinum expected to recover in the medium term.
Massmart cautious after weak 2018
A combination of low sales growth, higher expenses and restructuring costs resulted in reduced earnings and a lower dividend for shareholders.
MultiChoice rises on JSE debut
Naspers will unbundle its holding in MultiChoice Group to shareholders tomorrow as it focuses on its global internet businesses.
NEPI Rockcastle tempers expectations for 2019
The Central and Eastern European property investor is forecasting lower distribution growth for the year ahead.
Capco still deciding on Earls Court property
The London property owner says a demerger of its Covent Garden and Earls Court interests could be implemented promptly, but there are other options.
Tradehold plans possible unbundling
If the transaction goes ahead, SA subsidiary Collins Group may be listed on the JSE and unbundled to Tradehold’s shareholders.
Fairvest confident about distribution growth
The shopping centre owner says the lower end of the market it serves has proved to be more resilient to the tough economy.
Motus accelerates in stagnant market
The automotive business has grown first-half earnings despite flat vehicle sales.
The chemicals and explosives group has benefited from strong demand from the global mining sector as well as recent acquisitions.
No dividend from WBHO as Australia contract wipes out earnings
The engineering and construction group has made provisions for expected losses on an Australian roads contract that it says are unprecedented.
The building materials retailer says after a tough first half, sales have declined in the first few weeks of the second half of its financial year.
Shoprite cuts dividend after tough first half
Many factors weighed on the supermarket group's first-half performance, which it says shouldn't be seen as a reflection of its fundamental strength.
Super Group gets a lift from commodities demand
The logistics group says the continuing strong African commodities environment has helped compensate for a lacklustre consumer demand.
Lakes Charles intact as Sasol raises its dividend
The oil and chemicals group reported a strong rise in interim earnings helped by better performances from Natref and Sasol Mining.
L2D reduces vacancies in tough environment
The shopping centre owner says its performance has been supported by an improved tenant mix in the shops previously occupied by Stuttafords.
Hammerson scales back as consumers go online
The shopping centre owner plans to sell more properties as it streamlines its portfolio and pays down debt.
Northam posts record operating profit on destocking
The platinum producer has reported a strong rise in first-half metal sales as it dug up more metal and reduced its stockpiles.
Cell C adds new shareholder as CEO steps down
Blue Label announced Cell C’s CEO was leaving, a new shareholder was coming on board and it would report an interim loss.
Tongaat plunges on bitter update
The sugar producer and landowner will enter into discussions with its lenders this week as it prepares to report a full-year loss.
Truworths sees signs of a recovery
The retailer expects challenging conditions to continue for the remainder of its financial year with a medium-term improvement.
Anglo American’s earnings beat estimates
The global mining giant has grown full-year earnings by 13% but disappointed with a slight decline in its dividend for the year.
Woolworths trims dividend after tough year
The retailer wants to reduce its interest-bearing debt in Australia due to challenging conditions facing the retail sector.
Discovery’s profit down on R6 billion bank investment
The financial services group says the decline is temporary and profit growth should return to its target of inflation plus 10%.
EOH chairman quits for the sake of good governance
Under new CEO Stephen van Coller, the group has committed to strict corporate governance and has appointed ENSafrica to review all public-sector contracts.
European diners boost Bidcorp’s sales
The food services group’s European operations were the stand-out performers in the first six months of its financial year.
Tiger Brands gets inflationary lift
The branded foods group says it's benefitted from selling price category in a number of categories but hasn’t been able to recover cost increases.
intu scraps dividend after tough year
The retail property group plans to retain cash and pay down debt after weak sentiment diminished the value of its shopping centres.
Lower exports fail to derail Kumba’s dividend
The iron ore producer is returning all of last year’s headline earnings to shareholders through its dividend payments.
AngloGold Ashanti to sell more mines
The gold producer is divesting of mines that don’t deliver the returns it can achieve with other opportunities.
Comair loses altitude on rising fuel prices
The airline will take delivery of six new aircraft this year which will mitigate high fuel prices and enhance the potential revenue per flight.
Clover buyout still likely, despite opposition
While Brimstone may pull out of the consortium offering investors R25 per share, analysts believe it has enough support from shareholders to succeed.
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Amplats steps up dividends after strong year
The platinum producer has improved its payout ratio after restructuring its operations to strip out loss-making ounces and become more efficient.
Aveng continues with disposals
The infrastructure and resources group has sold its Infraset business to the Colossal Africa Consortium for up to R200 million as part of its restructuring.
African Phoenix to buy back prefs as part of new strategy
The group is simplifying its capital structure to support its growth as an investment holding company.
Implats recovers on rising prices
The platinum producer has swung back to profit, assisted by an improved performance from its Rustenburg mines.
EOH asks law firm to probe subsidiary
The tech services group says it's also working with Microsoft to better understand its decision to cancel agreements with its EOH Mthombo.
Grand Parade dumps Dunkin’ Donuts
The group said it took the decision to exit the US franchises following sustained losses and an unsuccessful process to dispose of them.
Resilient cuts its Edcon exposure
The real estate investment trust says Edcon stores occupy a smaller portion of its portfolio following closures and reduced floor space.
Discovery hit with rising death claims
Combined with investment in its new businesses, the group expects to report a decline in first-half earnings after mortality claims spiked.
Pioneer benefits from rising prices
The branded food producer says while it managed to increase prices in some categories, input costs have also been on the rise.
Dis-Chem falls as strike hits earnings
The pharmacy chain says it’s like to miss its earnings target due to the three-month-old strike.
Sibanye-Stillwater warns of job cuts as losses continue
The precious metals producer says attempts to contain losses at a number of shafts at its Beatrix and Driefontein mines have proved unsuccessful.
City Lodge’s vacancies rise ahead of May poll
The hotels group says it expects trading conditions in SA to remain under pressure until after the national elections.
South32 on track to divest of SA coal assets
The commodities producer is divesting of SA Energy Coal as it makes way for black shareholders and reshapes its portfolio.
Curro passes the dividend test
The private schools group is paying a fifth of last year’s earnings out as a maiden dividend, leaving it with cash for future investment.
Power cuts take their toll on DRDGold
The mine tailings retreatment specialist says its Ergo operation suffered major power interruptions over 11 days in the second quarter.
Hyprop sags on Moody’s downgrade
The REIT says Moody’s debt calculation doesn’t take Hystead’s in-country debt into account, or the portion guaranteed by its other major shareholder.
Sasol rebounds as Lake Charles output starts
The oil and chemicals group says its new linear low-density polyethylene unit in Louisiana achieved beneficial operations yesterday.
Emira cuts rentals in tough market
he property fund says it’s managed to reduce vacancies but had to lower some rentals to incentivise tenants and remain competitive.
Harmony results marred by depreciation charges
Despite a strong result from the gold producer, FNB Wealth says it continues to avoid the gold sector in its entirety.
EOH plunges on Microsoft pullout
EOH said ending the Channel Partner Agreement with Microsoft would impact this year’s profit by about R10 million.
WBHO surprises with profit warning
The engineering and construction group says losses on an Australian contract where the work was underestimated will obliterate interim earnings.
The supermarket and distribution group has reported a strong start to its 2019 financial year, helped by liquor and hardware sales.
MultiChoice to debut on JSE’s Top 40
The video entertainment business will be included on the index of the JSE's 40 most valuable companies, pushing the lowest-ranking company out.
Woolworths loses two directors in Australia
The retailer gave no reasons for the sudden resignation of directors Gail Kelly and Patrick Allaway.
SASSA switchover hits Finbond’s earnings
The new Post Office card that some social grant recipients have been moved to doesn’t support EFT debits or stop orders.
Lake Charles delay rains on Sasol’s shares
Bad weather is one of the reasons given for a delay to Sasol’s biggest project yet, which has resulted in escalating costs.
Harmony warns of earnings decline
Although first-half production increased by a third, amortisation and depreciation charges will lead to lower earnings.
Lonmin production hit by workers’ deaths
Safety stoppages at its mines following two fatalities resulted in 95,000 tonnes of lost mining production.
ArcelorMittal SA recovers on rising exports
Higher sales volumes and low cost increases helped the steel producer return to profitability last year.
Woolworths’ David Jones without a CEO
The department store chain has had three CEOs since it was bought by Woolworths in 2014.
OneLogix overcomes road bumps to grow earnings
The specialist logistics group says it’s well-equipped to both withstand economic headwinds and to exploit emerging opportunities.
Northam to report record operating profit
The platinum producer says its performance has been underpinned by its growth and diversification strategy.
South Deep strike weighs on Gold Fields
The 45-day strike hurt fourth-quarter production at the mine, which has been restructured in an attempt to make it profitable.
Sappi’s SA operation adds some gloss
The pulp and paper producer says it has benefited from the diversification of its portfolio of products.
With under two months until the expiry of ATON’s mandatory offer, its shares are still trading below the offer price but shareholders still have time.
The poultry producer says like many retailers it has been at the receiving end of constrained consumer spending.
Sea Harvest casts its net wider in Australia
The group says the offer for Mareterram would further diversify its earnings and increase its market share in Australia.
Mpact to roll out higher earnings
The packaging and plastics group expects underlying earnings to much higher thanks to a strong showing from its Paper division.
Curro marked down on trading statement
Forecast profit growth may have disappointed the market due to the lofty P/E multiple the private schools group trades on.
Clover suitors churn up a big premium
Clover says the offer is an attractive opportunity for shareholders to realise value in cash and divest of their holdings at a big premium.
Implats rallies on return to profitability
The platinum producer benefited from better prices and higher production due to an improved operational performance and the release of an inventory build-up.
MTN declines despite earnings rise
Analysts said clearer guidance was needed from the network operator after the disappointing results of the previous couple of years.
AngloGold Ashanti results likely to shine
The gold producer’s shares declined despite it flagging a more than sevenfold rise in full-year earnings.
Eskom backtracks on EOH allegations
The technology group has fought off allegations of impropriety for the past year and a half, which have weighed on its share price.
Group Five tanks ahead of CEO resignation
The construction and infrastructure company has been beset by problems that have resulted in its share price sliding by 90% over the past year.
ArcelorMittal boosted by Macsteel sale
The local steelmaker expects to return to profit for 2018, helped by the close to R3 billion sale of its stake in Macsteel International.
Power cuts leave DRDGold in a loss
Gold production declined in the three months to end-December due to power interruptions, contributing to an expected first-half loss.
Ellies earnings slide as it adjusts to tough market
The consumer and commercial electronics group says it's preparing to capitalise on opportunities once growth returns to the market.
Hudaco pegs hopes on positive elections
The group says meaningful action and implementation from the government on the economic front should kickstart the economy and lead to investment.
Merafe flags a decline in earnings
Weaker ferrochrome prices and lower volumes of chrome ore and ferrochrome sold were partially offset by a stronger rand.
FNB says the group is tracking ahead of FY expectations and trades on a forward PE of 7.3 times and a forward dividend yield of 8.4%.
The technology group says it’s engaging with the JSE and Eskom over the utility’s disclosure on the SENS news service.
Group Five provides a glimmer of hope
The company expects to finalise the majority of its counter claims against its Ghanaian client over the next three to four months.
Spur continues to attract the well-heeled
The restaurant group says a tough second-quarter was generally consistent with sales trends in the local retail sector.
Taste is hungry for more capital
The restaurant and luxury goods group is likely to need more equity capital over and above its current R132 million rights issue.
Adapt IT battles to grow in tough economy
The technology group only managed to grow first-half revenue through acquisitions due to stagnant economic growth.
Maria Ramos prepares to leave Absa
Former Nedbank executive and registrar of banks René van Wyk will take the reins until a replacement is found.
Shoprite marks down first-half earnings
The supermarket group expects a sharp decline in profit due to hyperinflation in Angola and constraints at home.
EOH sinks as old allegations re-emerge
There didn’t appear to be anything new in the irregularities listed by Eskom but EOH failed to release a statement clarifying this.
Naspers splashes out on Russian classifieds
Avito attracts 10.3 million daily unique visitors and has leading positions in a number of key categories in the Russian classifieds market.
While the current period is expected to be positive, it said it is unlikely to match last year’s strong performance.
Kumba jumps as disaster lifts iron ore price
S&P Global Platts says supply constraints could become evident following the disaster at Vale’s Corrego do Feijão mine in Brazil.
Pepkor grows sales in tough environment
The value retailer says its defensive market position continues to resonate with a “financially constrained consumer”.
The general insurer says it is taking the additional listing to attract potential new investors.
The fast-moving consumer goods company has flagged lower earnings after December sales came under pressure.
MC Mining falls on Uitkomst challenges
The coal miner says production should improve after it bought more machinery and integrated the colliery’s staff and systems.
Pan African jumps on production update
The gold producer is on track to meet this year's guidance after its Elikhulu tailings retreatment plant was put into action.
Vodacom tumbles as SA revenue declines
The group said a strong performance from its international operations helped to offset the slowdown in SA during the quarter.
Anglo firing on (almost) all cylinders
The diversified miner expects iron ore to bounce back this year after it resumed production at its Minas-Rio operation in Brazil.
Tiger sells Oceana stake to Brimstone
Tiger Brands plans to unbundle the rest of its stake in Oceana by the middle of the year as it focuses on its portfolio of core...
Reinet’s value smoulders on BAT decline
The investment company is an alternative entry to British American Tobacco but pays itself management fees.
Marius Swanepoel’s retirement was brought forward after the handover to his successor was concluded earlier than expected.
Challenge could delay Steinhoff's results, again
Until a forensic report into what went wrong at Steinhoff is released, along with its financial accounts, the extent of its troubles remains unknown.
Clicks attracts customers with promotions
While the health and beauty chain grew sales by close to 8% over the past five months it trades on a demanding price-earnings ratio of close...
Massmart slumps on weak year-end sales
Softer than expected sales, particularly over the crucial November and December period, have resulted in a decline in 2018 earnings.
Shoprite hit by kwanza devaluation
Big currency devaluations in many of its markets outside of South Africa left first-half turnover almost flat.
Shoprite’s Computicket fined for market abuse
The R20 million administrative penalty follows a drawn-out case by the Competition Commission, which had recommended a heftier fine.
Aveng cleans up with sale of water treatment business
While the proceeds of the sale will help to reduce debt further, investors aren’t yet buying the infrastructure and engineering group’s turnaround story.
Murray gets in on Australian hydro-electric project
While the engineering and construction group targets complementary markets to grow its order book, ATON’s buyout offer provides a further underpin to the stock.
Bleak Christmas for clothing retailers
Mr Price led a slump in general retailers yesterday after posting disappointing third-quarter sales but The Foschini Group bucked the trend.
Verimark gets go-ahead to delist
Shareholders have voted in favour of a R1.50 per share offer to take the company private.
Group Five rallies on asset sales
The company is disposing of its manufacturing businesses as it repositions itself and pays down debt.
Jubilee’s Hernic delivers record production
The platinum and chrome recovery company said it ended 2018 on a high, with record production at Hernic and the commissioning of its DCM plant.
AMCU drags its heels as Sibanye strike continues
The gold and platinum producer says the union refuses to co-operate with a union membership verification process.
Naspers prepares for MultiChoice listing
Naspers is unbundling its pay-TV business as it evolves into a global consumer internet company.
AMCU holds Sibanye over a barrel
As the union prepares to launch a secondary strike, Sibanye-Stillwater has extended the longstop date for its merger with Lonmin.
Orion raises Prieska’s estimated resources
With a resource of over 30 million tonnes, Prieska is positioned as one of the more significant new VMS development projects globally.
Tough first quarter as New Frontier battles Brexit
The shopping centre owner says uncertainty over Brexit has pushed retailers’ trading volumes to their lowest since 2008.
New debt plan for Brait’s New Look
Brait’s equity holding will be between 18% and 30%, while a haircut on its Senior Structured notes will reduce its NAV/share.
Ascendis rallies on Remedica talks
The healthcare group says it’s received an unsolicited bid for Remedica, the Cyprus-based pharmaceuticals business it bought in 2016.
MC completes Makhado surface rights
The coal producer says it can now commence final geotechnical drill and start work on the mine’s infrastructure.
LSW, an entity related to former business partner Andreas Seifert, has challenged Steinhoff Europe’s business rescue process.
Yellow vests hold back Richemont’s sales
The luxury goods group says European sales were affected by social unrest in France but Chinese sales steamed ahead.
Tharisa’s production declines on tailings reprocessing
The platinum and chrome producer says it remains fully committed to its Vision 2020 targets despite the blip.
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Sibanye says strike has limited impact
Gold production for 2018 is likely to be slightly lower than forecast but PGM output and palladium prices are buoyant.
RCL bounces after Remgro purchases
Remgro is reported to have increased its stake in the food producer with on-market purchases over December.
Master Plastics set for February delisting
The plastics manufacturer was unbundled by Astrapak and listed on the JSE’s AltX market in May 2017.
The R54 million deal will boost its education division and supplement foreign-currency earnings.
UK property stocks show signs of life
While many retailers reported improved December sales, they were boosted by growth in online purchases.
The group, which has switched its focus from mining to Africa’s energy deficit, expects to start generating revenue by the end of the year.
BAT fizzles out on ‘tumultuous tobacco’ report
Analysts at Cowen say British American Tobacco is arguably the most disadvantaged by the chainging US cigarette landscape.
NEPI Rockcastle deal falls through
Regulatory approvals and the waiver of a right of first refusal weren’t met by the end-December deadline.
Slowing China takes a bite out of Apple’s forecasts
The company’s downward sales revision stunned the market, sending its shares sharply lower.
Anglo rejigs strategy and base metals management
The group is focusing on its long-term growth options due to the move to a “cleaner, more electrified and richer world”.
Tesla falls after missing lofty expectations
The maker of electric vehicles has also cut the price on a number of its US models by $2,000.
Howden to proceed with delisting despite opposition
The group will proceed with a general offer to minorities after “dissenting shareholders” stood in the way of a scheme of arrangement.
Stocks fall on first trading day of 2019
Stock markets stuttered into the new year after a decline in Chinese manufacturing activity last month was blamed on a trade dispute with the US.
MTN incentivises directors to drive recovery
Following a 35% slide in its share price last year, the group’s Performance Share Plan is aimed at awarding directors for future performance.
Gold regains its glister on uncertainty
Gold broker GoldCore says gold could rise as high as $1,600 before ending 2019 at $1,500 an ounce as it reclaims its hedge status.
MTN rallies on Nigeria settlement
The network operator has reached a truce with the Central Bank of Nigeria over dividends repatriated from that country.
Naspers takes the number of listings on the A2X platform to 15 with a combined market capitalisation of almost R2 trillion.
Anglo raises Minas-Rio forecast on extended licence
The diversified miner says access to the Step 3 area will support the increase of production towards the mine’s full design capacity.
AB InBev debuts on top JSE indices
The global beer giant met the JSE’s requirements for inclusion on a number of key indices as its SA shareholding increased.
MTN reaches pre-Christmas Nigeria truce
The network operator has settled a dispute with the central bank but still has to find common ground with the Attorney General
Naspers rides on Tencent’s rise
The Chinese gaming and messaging giant gained 4.5% on Friday after restrictions on new video games were eased.
Independent report clears Invicta
The group says an independent report found that it had disclosed all the relevant facts around a 2015 share transactions to the JSE.
The iron ore operation is expected to report an underlying EBITDA loss of $320 million this year after operations were suspended for nine months.
Shoprite reels on Computicket fine
The Competition Commission has recommended that the retailer be fined 10% of its annual turnover for Computicket’s anti-competitive behaviour.
The world’s biggest brewer is partnering with Canada’s Tilray in a $100 million venture to investigate cannabis-infused beverages.
DAWN targets February delisting
Shareholders will be asked to approve the scheme of arrangement at a meeting on 21 January.
New CEO to drive Aveng recovery
Non-executive director Sean Flanagan has been involved in the strategic initiatives aimed a turning the engineering and construction group around.
Naspers is investing $660 million in the latest funding round for India’s largest food-delivery business.
Taste asks shareholders to fork out
The fast food and jewellery group will ask for approval for a R132 million, fully-underwritten rights offer.
Beaten down Libstar to buy back shares
The food producer says its decision to repurchase up to 3% of its stock won’t affects its commitment to pursue growth strategies.
Transaction Capital eyes European debt market
The group is entering a joint venture with some of its founding directors that will give it exposure to the larger European market.
Gold Fields counts the costs as strike ends
The gold producer says it will still proceed with retrenchments at South Deep as it puts the mine on a sustainable road to recovery
A2X enters the big league with Naspers listing
South Africa’s biggest company by market capitalisation has taken a secondary listing on the year-old exchange.
Steinhoff creditors approve debt proposals
The retail group says the approvals will increase financial stability and allow it to focus on maximising its potential.
Aspen's debt a bitter pill to swallow
The group has negotiated a temporary change to its debt covenants as it awaits the sale of its infant nutritional business.
Stellar Capital finds buyer for Amecor
The investment group put its security communication equipment subsidiary up for sale after unsolicited buyers came forward for the group.
Group Five assets attract interest
The construction and infrastructure group says a number of parties have expressed interest in buying various parts of its business.
Amplats forecasts bumper earnings
The platinum producer says it’s benefited from a higher rand-platinum price and a better performance across its operations.
Afrox flags lower earnings as it restructures
The industrial and healthcare gases group says the restructuring will help it grow profit in the future.
Aspen could offload unit to Mylan
Mylan has taken over the distribution of a portfolio of products in Australia and New Zealand and has the option to purchase it for R1.93 billion.
The platinum producer sold its 33% interest in the joint venture to Royal Bafokeng platinum as it simplifies its portfolio.
Mediclinic on track in Middle East
The private hospitals group says it expects revenue growth in the high single digits for the year to end-March.
BAT maintains full-year guidance
The tobacco giant says it’s been growing its share of a declining market for cigarettes and selling more tobacco replacement products.
Battle over as Astoria plans pay out
RECM has agreed to call off its voluntary offer to minorities in light of Astoria Investments’ proposed capital pay-out.
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New broom at Alexander Forbes sweeps clean
The financial services group is undertaking a strategic review with the aim to ensure its relevance in South Africa.
Group Five sucks it up at Kpone
The construction and engineering group says guarantee providers were obliged to pay $43.8 million over to Ghana’s Cenpower to complete the power plant.
EOH divided after CEO’s first 100-days
Stephen Van Coller says the move will help support its businesses as they need a different focus, capital structure and management.
Famous Brands makes headway with GBK arrangement
The quick-service restaurant group believes that the CVA will help with the long-term viability and sustainability of Gourmet Burger Kitchen.
Anglo beats output target while cutting costs
The diversified mining group expects to beat its 2018 output target by 2%, with further improvements over the next three years.
The iron ore producer says its Iron Ore Export Channel was reopened quicker than expected following a derailment.
Greenbay makes way for Lighthouse
The property investor, which has been renamed Lighthouse Capital, is selling its listed property portfolio as it identifies redevelopment opportunities to invest in.
The mobile network operator has yet to reach common ground with Nigeria’s central bank and Attorney General over allegations of impropriety
Jubilee deal doubles its capacity
The metals recovery company says buying PlatCro’s chrome extraction business will give it a strategic position in the PGM and chrome-rich bushveld complex.
The IT services group plans to position itself as a leading data and analytics company in SA and potentially also in Europe.
FSCA probes NEPI Rockcastle reporting
The Financial Sector Conduct Authority is taking a closer look at rumours trending on social media ahead of the release of Viceroy’s report.
DAWN defends offer as losses build
With cash flow under pressure the group says a listing is no longer suitable and the associated costs outweighed any benefits.
EPP on track with full-year payout
The Polish property investor says it expects to deliver on its distribution guidance as it builds its retail portfolio.
One year on, Steinhoff delays explanation
Shares in the beleaguered retailer tumbled after it shifted the release of a forensic report into financial irregularities until next year.
Kpone continues to haunt Group Five
The owners of the power project in Ghana want the construction and infrastructure to pay another $60.5 million to complete the works on the terminated contract.
VCP builds Grand Parade stake ahead of showdown
The “engaged shareholder” raised its stake to 8.05% ahead of last night’s special general meeting.
Balwin redevelops its rental plans
The property developer has already sold units to a new rental company for R98.4 million as it moves to protect its cash flows.
The financial services group expects the economic and operating environment for its business to remain tough.
Pembury to pay in shares for Opti-Baby
The private education and retirement village group is in talks to buy pre-school network Opti-Baby and will settle the deal in shares.
Italtile glides over tough economy
The tile and sanitary ware group says sales have trended positively despite tough trading conditions.
Schroder’s positioning pays off
The real estate investment trust has sold off lower-yielding properties and bought high-growth industrial assets.
Class action against Tiger to proceed
The claims of more than 1 000 victims will now be be able to proceed as one against Tiger Brands in a single matter.
Rebosis reduces office exposure
The property fund will receive as much as R2.19 billion for a number of commercial properties in Johannesburg and Pretoria.
DAWN’s days on the JSE are numbered
A company owned by Derek Tod and Luis Baeta has been given a 12-day exclusivity period during which competing offers can't be considered.
Group Five dumped by Ghanaian client
The Kpone power project has been plagued by problems and delays, resulting in Cenpower demanding the maximum penalty payment.
The investment group is rebranding its GT247.com and Emperor Asset Management businesses in line with its EasyEquities platform.
Sygnia navigates tough markets
The financial services and asset management group says an improving second half was derailed by a volatile September.
Naspers on track with MultiChoice unbundling
The internet and media group says listing its pay-TV operations will take it a step further in its evolution into a global consumer internet company.
intu slumps after it's jilted a second time
A consortium of investors withdrew due to “the uncertainty around current macroeconomic conditions and the potential near-term volatility across markets”.
NEPI Rockcastle calls for Viceroy probe
The company has challenged Viceroy to declare any trading positions they may have had in NEPI Rockcastle at the time the report was issued.
Cracking results from Quantum Foods
The poultry group has raised its total dividend for the year by 165%, including a special dividend due to its healthy cash position.
Lonmin back in the black ahead of takeover
The group says it will be better placed as part of a stronger, enlarged and diversified group due to liquidity constraints and required investment.
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Bidvest cushioned by diverse operations
The industrial group says increased volumes in certain sectors and acquisitions will help it deliver “acceptable” growth this year.
Trying economic conditions and weak consumer sentiment are weighing on the group’s SA operations, but the UK, Europe and Australasia are performing better.
L2D adds up Black Friday shoppers
Black Friday specials attracted 15% more visitors to Liberty Two Degrees' shopping centres than last year.
NEPI Rockcastle slumps on Viceroy report
The activist short-seller has accused the European property investor of overstating profit from its investments in Romania.
Taste halts Starbucks expansion
The restaurant and luxury goods group also plans to outsource most of its supply chain as part of a restructuring of its operations.
Omnia expects to blast its way back to profit
The diversified chemicals group has paid an interim dividend in anticipation of a profitable full-year.
Nampak aims for efficiencies as demand wanes
The packaging group says it won’t resume dividends until the sustainability of cash transfers from Angola and Zimbabwe is assured and it’s sold its Glass business.
Pepkor censured as it releases its maidens
The JSE has fined Pepkor R5 million, with R1 million suspended for two years, for breaching the exchange’s listing requirements.
Accelerate negotiates rentals in tough market
The property fund has trimmed its distribution after investing in its portfolio and paying higher finance costs and property rates.
New EOH CEO in the money with his options
The ICT services business has granted new CEO Stephen van Coller a million share options that will start to vest in two years’ time.
NEPI Rockcastle maintains full-year guidance
The Eastern and Central European shopping centre owner says it’s benefiting from higher growth rates than in the rest of Europe.
Verimark offers investors a Black Friday deal
The retailer’s biggest shareholder is offering minorities a 50% premium to buy their stock and go private.
Reporting interim results, the cement producer said CEO Johan Claassen planned to take early retirement.
Life Healthcare back in rude health
The private hospitals group’s Polish operations have turned around, while it sold its Indian business in September.
Mr Price steals a march on competitors
The retailer says independent research confirms that consumers’ perception of its quality and fashion has improved relative to its competitors.
Tiger grits its teeth after tough year
Despite the listeriosis outbreak contributing to a slide in earnings, the group has maintained its dividend due to the strength of its balance sheet.
Capitec wins bid for Mercantile
Buying Mercantile would remove the need to reinvent and create new systems and processes from scratch, fast-tracking its broader bank strategy.
Steinhoff’s Mattress Firm exits bankruptcy
Steinhoff says its US subsidiary has strengthened its balance sheet, optimised its store footprint and emerged a stronger company.
Lewis looks to INspire for more growth
Following the acquisition of UFO, Lewis has launched call centre and online business INspire, which targets middle- to high-income customers in urban areas.
Peregrine pays maiden interim dividend
The financial services and wealth management group says the payout is in line with the direction given to shareholders at the time of its restructuring.
Western Cape weighs on Hospitality
The property fund says hotels have also become more competitive in their pricing due to the weak state of the economy.
Sasol benefits from oil’s recent rise
The price of Brent crude oil topped $86 per barrel early last month but has since fallen back.
Rhodes Foods more bullish on its outlook
A turnaround at Ma Baker is progressing well while the end of the drought in the Western Cape will return its international business to profitability.
Coronation sees more value in SA assets
Following their relative underperformance over the past year, the fund manager says the major SA asset classes present opportunities.
SANTACO takes a stake in SA Taxi
Over the past decade, Transaction Capital’s SA Taxi has extended loans of close to R22 billion to taxi operators.
Pepkor slumps on earnings decline
The retailer says one-off costs related to a third-party debt provision and share dilution will leave full-year HEPS as much as 42% lower.
UK exit boosts Netcare’s profit
The private hospitals group has declared a special dividend of 40c per share following a detailed review of its portfolio, capital structure and capital requirements.
Pioneer faces pressure despite improvement
The branded food producer has reported a big improvement full-year earnings but said pressure started to emerge in the second half.
Astral benefits from higher prices and lower feed costs
After a strong year, the poultry producer says its near-term prospects can be regarded as a mixed bag of negative and positive factors.
Steinhoff names new CEO as restructuring progresses
Louis du Preez, who has been leading the restructuring negotiations, will replace Danie van der Merwe, who steps down at the end of the year.
Naspers flags first-half earnings rise
Headline earnings and earnings per share increased considerably as a result of its share of fair-value gains recognised by Tencent.
The investment group says it continues to take comfort in the tobacco giant’s underlying financial results despite a slide in its share price this year.
Group Five gets no relief from the courts
The High Court of Johannesburg said it was unable to interdict the construction group’s Ghanaian client from demanding penalties for project delays.
Novus impacted by new Media24 contract
The print and packaging group has had to adjust after Media-24 renegotiated a printing agreement on less favourable terms.
Sibanye sparkles on dividend prospects as metals rise
As palladium rose to a record high, the company said it planned to resume dividends in 2020.
Sappi bullish on its prospects
After reporting an improved fourth-quarter, the paper and pulp producer has predicted a strong start to 2019.
Woolworths food sales make up for weaker clothing
The retailer says after a smaller winter sales affected first-quarter sales, womenswear, in particular, showed signs of life in October.
Mediclinic falls after impairing Swiss operation
The private hospitals group says regulatory changes are significantly impacting the healthcare market in Switzerland and all operators are affected.
Investec on track for demerger
The specialist bank and asset manager says it delivered a sound performance notwithstanding a challenging operating environment.
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Discovery banks on good behaviour
Through Vitality Money, customers will get interest rates in line with their financial behaviour.
Spar benefits from rand weakness
Positive growth in Ireland and a weaker rand helped offset continued weakness at the group’s Swiss operations.
Indluplace maintains dividend despite tough year
The REIT saw a rise in vacancies after Eskom cut back on activity in Witbank, resulting in the non-renewal of residential contracts.
Interwaste declines after it’s told to close landfill site
The waste management company is currently the subject of a takeover bid by French group Séché Environment.
Mobile saves Telkom as landlines ring off
The telecoms operator grew mobile customers by 50% in the six months to end-September but BCX weighed on earnings.
Bulked up Wescoal open to more deals
The coal producer says it remains strongly positioned as a consolidator in the coal sector and will continue to consider value-enhancing opportunities.
Offshore exposure cushions Investec Property Fund
The fund has held back on local acquisitions due to a challenging microeconomic environment that is unlikely to improve in the short term.
Brait narrows losses on New Look recovery
A turnaround strategy helped the UK womenswear chain post a first-half profit as it regained market share and cut costs.
Vodacom’s BEE deal shrinks profit
The network operator faced once-off costs to facilitate the R16.4 billion sequel to YeboYethu.
Rebosis sags as it cuts dividend
The property fund reported a loss for the year to August following a revaluation of its properties.
Omnia sinks after flagging a half-year loss
All three main areas of the chemical and fertilizer group’s business performed poorly in the six months to end-September.
Torre attracts buyers as it prepares to delist
A consortium of private equity funds plans to separate Torre’s industrial and analytical services businesses if the R771m deal proceeds.
Tiger Brands warns of lower profit
The fast-moving consumer goods group has been hit by rising costs and the impact of last year’s listeriosis outbreak.
Richemont’s first-half earnings disappoint
The luxury goods group reported operating profit that missed expectations due to the cost of acquisitions and disposals.
No dividend as Tongaat swings to a loss
While sugar prices remained under pressure over the six months to end-September, they’ve since recovered due to increased duty protection.
Ailing rand aids Life Healthcare
Full-year results will be better than previously expected, helped by the weak rand and a better performance from Alliance Medical in the UK.
Google outlines steps to tackle workplace harassment
Google on Thursday outlined changes to its handling of sexual misconduct complaints, hoping to calm outrage that triggered a worldwide walkout of workers last week.
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Discovery launches bookbuild to fund bank stake
The Competition Tribunal approved the transfer of FirstRand’s stake in the Discovery card joint venture to Discovery Bank on Wednesday.
TFG credits diversification for resilient performance
The retailer has expanded its operations in the UK and Australia and has also seen a good take-up of online sales.
A2X gains scale as Standard Bank and AVI list
When the two companies start trading on the exchange, it will have 13 listings with a combined market cap of more than R520 billion.
Stefanutti supported by mining work
With limited public-sector infrastructure work available, the construction group has done well from increased mining sector work.
Sandown takes action to narrow discount
The investment group is changing direction after it came under pressure from shareholders to narrow its discount to NAV.
MC Mining eyes expansion with new Uitkomst loan
The coal producer has secured a R20 million facility from Absa which may be used for potential expansion opportunities at Uitkomst.
Etion sells shares to support digital thrust
The digital technology group has sold a 12.4% stake to Douglas Investments as it raises capital to expand its digital security businesses.
Finbond loses business due to SASSA switchover
The mutual bank says the new Post Office card doesn’t allow for debits or stop orders, limiting its ability to lend to grant recipients.
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Group Five’s Ghanaian headache just got worse
The engineering and construction group says there’s been yet another delay to completing the Kpone power plant, this time due to contaminated fuel.
Moab acquisition boosts Harmony
The gold producer reported a sharp rise in first-quarter production from a year earlier, helped by its Moab Khotsong and Hidden Valley mines.
Pan African set to meet 2019 guidance
The gold producer is ceasing high-cost production as it focuses on new projects including the Elikhulu tailings retreatment plant and Royal Sheba at Barberton.
AYO to miss forecasts on contract delay
The technology holding company will report higher earnings for the year but will miss its pre-listing forecasts.
AngloGold plans more streamlining
The gold producer says costs are trending towards the lower end of guidance and production towards the upper end.
Redefine takes cover from domestic headwinds
The real estate investment trust says its geographical diversity should provide cover against a tepid local economy.
Adapt IT boosts mobile capabilities in R80m deal
The ICT group says the R80 million purchase of Conor will strengthen its telecommunications division.
Massmart rings up higher sales
The wholesaler and retail says sales have mostly improved since mid-year but new accounting standards will distort its results.
Capco confirms interest in Earls Court
The central London property owner says it will evaluate the terms of any proposed offer against the merits of a demerger and other options.
Another day, another small cap delisting
The waste management company says Séché’ Environment’s R1.20 per share offer represents a materialise opportunity for shareholders to realise value.
Value Capital ploughs more into investments
The “engaged shareholder” lifted its stake in Altron above 20% last week and has also been buying more shares in other key investments.
New orders support Aveng’s recovery plan
McConnell Dowell has won a number of contracts in Australia and the Far East and says there’s further potential.
Diversification supports Afrimat through slowdown
The building materials supplier says its bulk commodities business helped offset weakness in the construction sector.
ArcelorMittal SA benefits from rising exports
The steel producer says strong international demand and the weaker rand have supported exports of its steel.
Sibanye tumbles on earnings slide
The group said deferred platinum sales in the US and ongoing challenges at its SA gold mines resulted in lower Q3 core earnings.
Murray cashes in on mining upturn
The engineering and construction group’s underground mining book has jumped 12% since June and it’s the preferred bidder for other large contracts.
The JSE’s largest share got some much-needed relief after MSCI said it wouldn’t exclude shares with unequal voting structures from its benchmark indices.
Cartrack sees clear road ahead
The telematics company says markets for its vehicle tracking devices remain largely underpenetrated despite strong growth over the past six months.
Implats progresses with restructuring as production picks up
The platinum producer says it’s in talks to sell or outsource its 1 Shaft at Rustenburg as it eliminates high-cost production.
Sanlam raises empowerment stakes
The insurance giant is selling an additional 5% stake to black investors including anchor empowerment shareholder Ubuntu-Botho for between R7.4 billion and R8.6 billion.
Imperial gets all clear for Motus unbundling
The logistics and automotive group says its first quarter has been tough but the businesses are well positioned to ride out the weak economy.
Santova held back by weak trade winds
The logistics group says lower billings are a result of the weak SA economy but recent offshore acquisitions should put the wind back in its sails.
Squid deal boosts Premier Fishing
The acquisition of Talhado Group in May came just in time for Premier to benefit from the exceptional catch rates for squid last year.
Mouton family trust mops up cheap PSG shares
PSG's shares are trading at a discount of about 18% to the value of its underlying investments and are down 21.5% this year
Low inflation puts a lid on Shoprite’s sales
The retailer says it doesn’t foresee material increases in food inflation until next year, which should keep prices low this festive season.
Famous Brands hopeful on UK burger chain
The restaurant group says remedial action taken at Gourmet Burger Kitchen should result in the chain adding value in time.
MTN sticks to its guns in Nigeria
MTN says it remains committed to listing its Nigerian business and will defend itself against allegations by the Central Bank and Attorney General.
Materials save Raubex as roads crumble
The roadbuilding and construction group is right-sizing its roads business due to a big slowdown in work from SANRAL.
Katanga restart boosts Glencore’s cobalt output
The commodities producer and trader has cut its full-year oil production guidance by 6% but has maintained its other guidance.
Richemont targets rich Chinese through Alibaba
The group say the partnership is aimed at providing its luxury brands enhanced access to the vast Chinese market.
Wescoal in talks to acquire Universal stake
The coal miner is negotiating to join a consortium of investors that has made a bid to buy ASX-listed Universal Coal.
ITL takes Africa Global Funds award
The Mauritius-based financial and fiduciary services firm has been acknowledged as the best administrator of investment funds on the continent.
Clicks beats the winter blues with strong earnings
The retailer has reported a strong rise in earnings despite pressure on consumers and depressed cold and flu medicine sales.
AB InBev halves dividend as it tackles debt
The global brewing giant has a long way to go to meet its objective of reducing net debt to two times EBITDA.
Altron resumes dividends as restructuring pays off
The ICT group has paid its first dividend in over two years after selling non-core businesses and reducing debt.
Winter sales and weak rand benefit Truworths
The retailer’s end-of-winter sale commenced at the start of its new financial year, while the weaker rand boosted revenue from the UK
Long4Life beds down acquisitions
The investment group says its operating businesses have delivered according to expectations despite the challenging economic climate.
Famous Brands’ UK burger chain enters CVA
The Company Voluntary Arrangement will give Gourmet Burger Kitchen space to restructure to help ensure its financial viability into the future.
Howden offers minorities big delisting premium
The gas handling equipment supplier said the R44 per share gives minorities a unique opportunity to exit their holdings of the illiquid stock.
Anglo revises platinum production higher after strong quarter
The diversified miner produced 1% more metal and diamonds across its operations in the three months to September.
intu’s value falls ahead of takeover bid
The shopping centre owner has lowered the value of its properties due to negative sentiment towards retail property in the UK.
Astoria maintains equity position despite volatility
The investment group says it continues to engage with major shareholders on ways to unlock value due to its discount to NAV.
Howden flags weaker earnings ahead of possible delisting
Howden Africa released a trading update ahead of a possible offer to minority shareholders and take the company private.
Calgro M3 conserves cash after tough first half
The affordable housing developer has had to adjust to new accounting rules, while extra costs piled up due to illegal land occupations.
Verimark proposes delisting after volatile first half
The retailer and direct marketing company has received notice from the Van Straaten Family Trust of its plans to buy out minority shareholders.
Lonmin strikes new loan deal before takeover
The $200 million raised from China’s state-backed Pangaea Investments will be used to settle current restrictive loans and provide more liquidity.
Octodec maintains distribution in challenging economy
The REIT says it plans to consolidate its portfolio this year as it positions itself for sustainable growth.
Clover rallies on acquisition talks
The dairy and drinks group says a third party is interested in buying its entire share capital.
intu mulls 215p per share takeout offer
An investment consortium has revised an earlier indicative offer higher to an effective 210.4p per share after allowing for intu’s interim 4.6p dividend.
Santova taps into India trade route
The group has bought SAI Logistics to benefit from trade between the world’s second most populous nation and the UK.
Steinhoff wins another reprieve
More than 85% of the retailer's creditors have agreed to give in an extra month to set its restructuring in motion.
Calgro’s earnings decimated after tough 6 months
The developer says headline earnings per share will be virtually wiped out after one of the most difficult periods ever.
Datatec recovery set to continue
The ICT group says an improved performance across its divisions should carry on for the rest of the year
Resilient releases Fakie report as it engages with investors
The report compiled by former auditor general Shauket Fakie clears the REIT of wrongdoing but investors want more answers.
Against an especially difficult background, PSG Konsult presented a very strong set of results for the six months to end August 2018.
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Mediclinic stock concussed by weak update
Shares in the private hospitals group sank as much as 21% after it warned of a decline in first-half earnings.
Dis-Chem to step up store roll-out
The discount pharmacy chain opened seven new stores in the six months to end-August and has opened two more since then.
Insimbi’s earnings fall despite best quarter ever
The refractory and alloy supplies group says margins came under pressure in the first quarter and it faced rising costs.
Cashbuild buys sales in tough economy
First-quarter sales are up from a year ago due to the 27 stores it’s opened since July 2017.
Tough economy puts brakes on CMH’s earnings
The motor dealer and car rental group says it will have performed well if it can maintain growth in full-year headline earnings.
Pick n Pay lures customers with lower prices
The supermarket chain says volumes rose 3.5% in its first half as it cut prices on 2 500 everyday grocery lines.
British American Tobacco not as big in Japan
The tobacco giant has revised down the revenue it expects to generate from cigarette alternatives this year to £900 million from £1 billion.
PSG’s investments deliver “commendable” performance
The investment holding company has reported a 22% increase in recurring earnings per share and lifted its dividend by 10%.
Adcorp profitable after clean-up
The group said the clean-up of its operations last year enabled the new leadership team to gain an understanding of its true financial position.
Balwin’s profits rise as developments get back on track
Property developments that were delayed by slow town-planning approvals last year are currently under construction.
Famous Brands impairs UK burger chain again
The casual dining restaurant group said it was prudent to impair the value of Gourmet Burger Kitchen due to its sustained underperformance.
Steinhoff buys more time with creditors
The retailer reassured investors that it has made substantial progress in negotiations with creditors.
Famous Brands’ UK burger chain may enter business rescue
London’s Sunday Times reported that Gourmet Burger Kitchen may launch a formal company voluntary arrangement due to tough conditions for UK restaurants.
Tiger gets listeriosis all-clear at Germiston plant
Production was set to resume at the factory on Friday, with the exception of its ready-to-eat chilled processed meats.
The investment holding company said the majority of its core investments reported “commendable” recurring earnings over the six-months to end-August.
Kumba winds up Thabazimbi transfer
The iron ore producer has sold the closed Thabazimbi mine to ArcelorMittal SA for a nominal R1.
Atlantic Leaf cushioned by stronger industrial sector
The UK property investor has been shielded from the weak retail sector by its larger exposure to industrial and office properties.
Resilient logistics lift Equites
The property fund is buying strategic land holdings in SA so it can develop emerging logistics nodes.
Mondi supported by higher prices
The paper and packaging group says rising operating costs were more than offset by higher selling prices in the third quarter.
