Liberty Two Degrees to cut portfolio value

Liberty Two Degrees to cut portfolio value

The real estate investment trust says the value of its properties has been affected by falling rentals and an increase in vacancies.

Growthpoint warns of lower payouts

Growthpoint warns of lower payouts

The property group says full-year distributable earnings will be down and it is reconsidering its payout policy to shareholders.

Aspen fined following UK pharma probe

Aspen fined following UK pharma probe

The pharmaceuticals group says the fine by the Competition and Markets Authority brings the matter to a close after close to three years.

Tharisa reports a strong quarter despite Covid-19

Tharisa reports a strong quarter despite Covid-19

The chrome and platinum producer says mining output reached a record in May and June as it returned to full production.

Renergen prepares for first drill

Renergen prepares for first drill

The emerging natural gas and helium producer expects the first well at its Virginia gas project to spud towards the end of the month.

Quantum insiders snap up shares

Quantum insiders snap up shares

Interest in the poultry group has surged since Country Bird acquired a stake from Zeder Investments last month.

Steinhoff sells Conforama France for nominal sum

Steinhoff sells Conforama France for nominal sum

The group explored various options after it was unable to secure a state-guaranteed loan to support Conforama during the Covid-19 crisis.

PSV prepares to present plan to creditors

PSV prepares to present plan to creditors

The group entered business rescue in March as its board resolved that it was in financial stress after shareholders opposed a rights issue.

Taste about to morph into Luxe

Taste about to morph into Luxe

The investment group will proceed with its share consolidation and name change in a fortnight.

Stefanutti slumps on Eskom payment claims

Stefanutti slumps on Eskom payment claims

The construction group denies it was overpaid for work on the Kusile power station and says it is still owed money.

Mystery buyers ruffle Quantum's feathers

Mystery buyers ruffle Quantum's feathers

A number of third parties have been snapping up shares in the poultry group after Country Bird bought a big stake.

Omnia restructuring pays off

Omnia restructuring pays off

The chemicals, fertiliser and explosives group has reduced debt and implemented a turnaround plan that has placed it in a strong position.

Massmart to slash jobs at Game

Massmart to slash jobs at Game

Section 189 consultations with unions and stakeholders follow a similar process at DionWired and its Masscash division.

RDI encouraged by trading as restrictions ease

RDI encouraged by trading as restrictions ease

As conditions turn more favourable, former parent company Redefine Properties has exited its stake in the UK real estate investment trust.

Afrox warns of lower earnings due to Covid-19

Afrox warns of lower earnings due to Covid-19

The gases and welding products group says it remains focused on containing cost and preserving cash and liquidity for the foreseeable future.

Santam defends Covid-19 claims position

Santam defends Covid-19 claims position

The short-term insurer says its balance sheet is strong enough to accommodate claims if it loses in court.

Tongaat not giving up on starch sale

Tongaat not giving up on starch sale

The agri group is pushing ahead with approvals for the transaction while it awaits third party determination on the impact of Covid-19 on the business.

Blue Label expects better earnings despite WiConnect closure

Blue Label expects better earnings despite WiConnect closure

It says its 2020 performance will still take a R330 million hit after it closed its WiConnect retail stores as Covid-19 halted a turnaround.

Crookes Brothers disappointed with performance

Crookes Brothers disappointed with performance

The agricultural group reported a weaker performance from its macadamia and deciduous fruit crops and wrote down the value of its biological asset.

PBT Group flags higher earnings

PBT Group flags higher earnings

The IT services company says full-year growth benefitted from continued demand for its services.

NEPI takes another stab at office sale

NEPI takes another stab at office sale

The property investor says it signed a non-binding memorandum with AFI Europe at the weekend that could end a dispute between the two companies.

Capital & Regional says tenants remain in arrears

Capital & Regional says tenants remain in arrears

The shopping centre owner is talking to its tenants after collecting just over a third of rent for the third quarter.

Grit sticks to dividend as rent comes in

Grit sticks to dividend as rent comes in

The pan-African real estate company says rent collections have been strong since the onset of the Covid-19 crisis.

Old Mutual makes Williamson CEO after bruising battle with Moyo

Old Mutual makes Williamson CEO after bruising battle with Moyo

The appointment will provide certainty for stakeholders after the insurance giant sat without a permanent CEO for over a year.

Capitec impairments soar on Covid-19

Capitec impairments soar on Covid-19

The bank says credit sales are unlikely to return to normal levels before next year.

Homechoice cancels dividend as earnings decline

Homechoice cancels dividend as earnings decline

The direct marketer and fintech company says it wants to conserve its cash to support its continued financial health.

Grand Parade loses at the slots

Grand Parade loses at the slots

The sale of its remaining Sun Slots stake to Sun International lapsed after all the conditions were not met by the end of June.

Novus prepares investors for a loss

Novus prepares investors for a loss

The printing and packaging group has written down the value of its operations as demand for printing declines.

Pan African aims for more US investors

Pan African aims for more US investors

The gold producer and tailings process has launched an ADR programme through the Bank of New York Mellon.

Northam beats Zambezi target

Northam beats Zambezi target

The platinum producer says it has bought back more than 40 percent of the preference shares issued to fund its empowerment deal.

Stadio grows enrolments despite Covid-19

Stadio grows enrolments despite Covid-19

The higher education group says just 51 students have withdrawn from its programmes specifically as a result of the pandemic.

Long4Life warns of a first-half loss

Long4Life warns of a first-half loss

Its businesses were hit hard by the Covid-19 lockdown but it is confident they will produce a positive return in the second half of the year.

JSE fines Tongaat for fraudulent accounts

JSE fines Tongaat for fraudulent accounts

The stock exchange operator says for years Tongaat published financial information that was incorrect, false and misleading.

Steinhoff whacked with advisory fees

Steinhoff whacked with advisory fees

The retail group says fees should reduce this year although it still has to pay its legal advisors.

ELB offers a premium as it prepares to delist

ELB offers a premium as it prepares to delist

The mining services requires external funding support which will be easier to secure in an unlisted environment.

Sasol steps up asset disposals

Sasol steps up asset disposals

The latest divestments are part of a response strategy aimed a mitigating the impact of Covid-19 and a lower oil price.

Vukile plays it safe with final dividend

Vukile plays it safe with final dividend

The property fund says it will adopt a lower and more prudent pay-out ratio in the future as it focuses on its long-term sustainability.

Barloworld to shed more jobs due to Covid-19

Barloworld to shed more jobs due to Covid-19

The industrial group is cutting costs after reporting a first-half loss as it impaired its operations by R1.7 billion.

Distell is in better spirits

Distell is in better spirits

The drinks group will report a decline in full-year earnings but says its financial health has been boosted by the easing of alcohol restrictions.

Resilient says shoppers have changed their approach

Resilient says shoppers have changed their approach

The shopping centre owner says non-metropolitan malls have recovered quicker and consumers are doing their shopping closer to home.

Attacq scraps dividend due to debt deal

Attacq scraps dividend due to debt deal

Lenders have agreed to relax covenants as long as it does not declare any further distributions this year.

Naspers and Prosus ride the online trend

Naspers and Prosus ride the online trend

Naspers, which owns global consumer internet group Prosus, says it is well positioned as Covid-19 accelerates the shift online.

Adcorp weighs up Australian presence

Adcorp weighs up Australian presence

The workplace solutions group says it is exploring opportunities to exit Australia following a review of its portfolio of businesses.

Rebosis expects more retail casualties

Rebosis expects more retail casualties

The property fund says some tenants in the food, beverages and entertainment sectors may not recover from Covid-19.

EPP mulling an interim dividend

EPP mulling an interim dividend

The Polish property investor already pulled its previous payout as it focuses on ways to strengthen its balance sheet and retain maximum liquidity.

CSG flags a full-year loss

CSG flags a full-year loss

Following a negative return on its investment, the group is selling parts of its 7 Arrows security business as it adopts a new strategy.

Grand Parade flips its head office

Grand Parade flips its head office

The investment company says it will use the proceeds to reduce debt secured by the property and will consider distributions to shareholders.

Sun International cries foul over IPS plan

Sun International cries foul over IPS plan

The company wants to replace a R1.5 billion deal for 15 percent of Sun’s Latin American business with a bid for 50 percent of the entire...

Hulamin prepares for tougher times

Hulamin prepares for tougher times

The aluminium products manufacturer has booked a R1.3 billion impairment of its businesses as it prepares for a further decline in demand.

intu administration for shopping centre owner

intu administration for shopping centre owner

Its shares plunged between the time it warned that administration was likely and their suspension hours later.

JSE gets Covid-19 boost

JSE gets Covid-19 boost

The stock and bond exchange operator says market volatility has supported first-half earnings, masking weakness in the economy and financial markets.

KAP to take a Covid-19 klap

KAP to take a Covid-19 klap

The industrial group says most of its businesses were performing well until faced with Covid-19 and the lockdown.

Sun International brushes potential bid aside

Sun International brushes potential bid aside

The hotel and casino operator says its Latin American partner has not yet made an actual offer nor addressed any of its concerns.

Mr Price positioned for online growth

Mr Price positioned for online growth

The budget retailer says it remains to be seen whether the growing move to online shopping is a permanent step change in consumer behaviour.

Snacks and drinks sate AVI during lockdown

Snacks and drinks sate AVI during lockdown

Sales at its Entyce and Snackworks divisions helped offset the impact of Covid-19 on its footwear and fashion businesses.

Hudaco optimistic about a better second half

Hudaco optimistic about a better second half

The group says just as it was recovering from severe load shedding in December, trading conditions were overwhelmed by Covid-19.

Sweeter tidings from Tongaat

Sweeter tidings from Tongaat

The agri group and land owner will report return to profitability when its releases its annual results at the end of next month.

Ball takes executive roll at PPC

Ball takes executive roll at PPC

Anthony Ball is non-executive chairman of Value Capital Partners, a big shareholder of the cement producer.

Schroder trims dividend as a safeguard

Schroder trims dividend as a safeguard

The real estate investment trust says by retaining additional cash it will be better positioned to withstand the impact of Covid-19 on its portfolio.

Sun International plans rights issue

Sun International plans rights issue

As it prepares for a cash call, a Chilean suitor may bid R22 per share for a controlling stake in the hotels and casinos group.

Implats’ ramp-up beats expectations

Implats’ ramp-up beats expectations

The platinum producer has lifted force majeure on its contractual deliveries and says most customers have elected to receive their metal.

Brait's value topples due to Covid-19

Brait's value topples due to Covid-19

The investment holding company says a R5.6 billion equity capital raise also contributed to a big decline in its net asset value per share.

intu puts administrators on standby

intu puts administrators on standby

If it is unable to negotiate a deal with its lenders, the shopping centre owner may have to enter administration.

Sasol's Lake Charles on the cusp of completion

Sasol's Lake Charles on the cusp of completion

The last remaining unit at the US project is on track for beneficial operation by the end of September.

Peregrine says volatility is likely to continue

Peregrine says volatility is likely to continue

The financial services group says its investments and assets under management remain well diversified as markets experience continued volatility.

Mpact warns of Covid-19 earnings impact

Mpact warns of Covid-19 earnings impact

The packaging group says the lockdown resulted in reduced demand for its packaging, while some non-essential lines stopped operating.

CMH cuts its cloth to fit new Covid-19 reality

CMH cuts its cloth to fit new Covid-19 reality

The automotive group is adjusting its inventory to match reduced demand for vehicles as it also scales back its car rental business.

Pepkor plans R2 billion bookbuild

Pepkor plans R2 billion bookbuild

The capital raise is just the latest in the retail sector aimed at reducing debt or funding growth opportunities created by the Covid-19 crisis.

City Lodge plans R1.2 billion rights issue

City Lodge plans R1.2 billion rights issue

The hotel group needs to reduce debt and cover a cash shortfall as most of its hotels remain closed due to the lockdown and travel restrictions.

Switzerland joins Glencore probe

Switzerland joins Glencore probe

The Swiss Attorney General is investigating the company for failing to have measures in place to prevent graft in the DRC.

Omnia rallies on profit turnaround

Omnia rallies on profit turnaround

The chemicals, fertiliser and explosives group has reduced debt significantly after a R2 billion rights issue last year.

Telkom disconnects dividends for now

Telkom disconnects dividends for now

The telecoms group says it needs to preserve capital due to Covid-19 and as it prepares for an imminent auction of valuable spectrum.

Stor-Age remains resilient in the face of Covid-19

Stor-Age remains resilient in the face of Covid-19

The self storage property specialist has increased its final dividend but says it is not providing any guidance for the year ahead.

Growthpoint says the worst may be behind it

Growthpoint says the worst may be behind it

While it entered the Covid-19 crisis with a strong balance sheet and prudent cash-flow management, it may still reconsider dividend payouts.

Covid-19 puts the brakes on Motus

Covid-19 puts the brakes on Motus

The automotive group plans to close dealerships and scale back its car rental business due to the economic impact of the coronavirus.

Hulamin warns of wider losses

Hulamin warns of wider losses

The aluminium products manufacturer delayed the release of its 2019 results as it resolved certain accounting issues.

Merafe and Glencore to lay off workers

Merafe and Glencore to lay off workers

The companies have commenced a section 189 process due to the worsening operating environment across the local ferrochrome industry.

Basil Read rescue process hindered by Covid-19

Basil Read rescue process hindered by Covid-19

The business rescue practitioners still believe the full implementation of the rescue plan will get a better result than a liquidation.

Telkom rallies ahead of results

Telkom rallies ahead of results

The telecoms group will report a big drop in full-year earnings due to restructuring costs and Covid-19 related impairments.

TFG fashions cash call due to ongoing uncertainty

TFG fashions cash call due to ongoing uncertainty

The retail group wants to reduce its debt and have cash on hand to take advantage of any opportunities that arise.

Jobs at risk as Sasol unveils new look

Jobs at risk as Sasol unveils new look

The leaner Sasol 2.0 will focus on its core Chemicals and Energy businesses to ensure that it remains sustainable at lower oil prices.

AMSA plans large scale restructuring

AMSA plans large scale restructuring

The steelmaker says previous cost-saving initiatives will not be enough due to the impact of Covid-19 on its business.

Curro plans rights issue as it eyes opportunities

Curro plans rights issue as it eyes opportunities

Majority shareholder PSG Financial Services will follow its rights and mop up more shares if they are not taken up by minorities.

Naspers warns of lower earnings following Prosus unbundling

Naspers warns of lower earnings following Prosus unbundling

Results have been distorted by the listing of Prosus last year, while Covid-19 may impact its 2021 numbers.

Implats declines Waterberg option

Implats declines Waterberg option

The platinum producer says it will remain an active participant in the development project and will retain its minority shareholding.

HCI hit by Covid-19-related impairments

HCI hit by Covid-19-related impairments

The investment company has reported a basic loss after impairing its hotel and gaming interests, as well as some oil and gas exploration assets.

Massmart suffers alcohol-free hangover

Massmart suffers alcohol-free hangover

Massmart says its losses will widen after it lost billions of rands in sales and it is borrowing R4 billion from parent group Walmart just in...

Italtile sales dented by Covid-19

Italtile sales dented by Covid-19

The tile manufacturer and retailer expects sales to continue recovering after they ground to a halt in April.

Tongaat to reduce debt with eSwatini sale

Tongaat to reduce debt with eSwatini sale

The sugar producer and land owner is disposing of non-core businesses in a bid to reduce debt by at least R8.1 billion by next March.

Aspen and Ascendis climb on dexamethasone trials

Aspen and Ascendis climb on dexamethasone trials

A clinical trial found that the steroid treatment reduced the death rate in patients requiring respiratory intervention as a result of Covid-19.

Wescoal flags full-year loss

Wescoal flags full-year loss

The coal producer expects demand to improve from next month as the economy continues to reopen.

Discovery sets billions aside for Covid-19

Discovery sets billions aside for Covid-19

The health insurer and financial services group says full-year earnings will take a hit and it will not pay dividends until it is appropriate to.

Bidcorp sees quicker recovery

Bidcorp sees quicker recovery

Although sales have picked up sooner than expected, the food services company says it is too early to determine whether it will pay a dividend.

Telkom to ring up lower earnings

Telkom to ring up lower earnings

The telecoms group says its full-year results were affected by retrenchment costs, Covid-19-related impairments and a decline in fixed-line business.

Zeder sells Quantum stake to Country Bird

Zeder sells Quantum stake to Country Bird

It will use the cash to support its other portfolio companies and may consider new investments, share buybacks or a special dividend.

Delta holds back on dividend due to Covid-19

Delta holds back on dividend due to Covid-19

The real estate investment trust says it would not meet liquidity requirements if it made the payment due to its capex obligations.

Value Group resilient in the face of Covid-19

Value Group resilient in the face of Covid-19

The logistics group says it has become fully operational again and no significant impairments of its assets are currently required.

Barloworld to report a loss due to Covid-19

Barloworld to report a loss due to Covid-19

The industrial group booked higher credit losses and impairments as a result of the global economic slowdown and the pandemic.

Stenprop sees opportunities in Covid-19 environment

Stenprop sees opportunities in Covid-19 environment

The property group says the pandemic may lead to opportunities to buy more properties to meet growing demand for its multi-let industrial estates.

City Lodge secures more debt to help it through the crisis

City Lodge secures more debt to help it through the crisis

Some hotels are now operating on a limited basis to accommodate stranded guests, business travellers, essential workers, and those in quarantine.

Castleview hopes residential uptake will increase footfall

Castleview hopes residential uptake will increase footfall

The property fund says its apartments were almost half full by the end of February, bringing more traffic into its shopping centre.

Zarclear hit by Covid-19 market volatility

Zarclear hit by Covid-19 market volatility

The investment holding company plans to delist due to the impact the virus is expected to continuing to have on equity capital markets.

Harmony gets the green light to raise $200 million

Harmony gets the green light to raise $200 million

The company expects to return to full production in mid-July as shareholders approve an equity raise to fund its latest acquisition.

Covid-19 hinders Metrofile takeover

Covid-19 hinders Metrofile takeover

The takeover consortium will need to re-examine the value of the records management and documents storage business once the virus has run its course.

Investec Property Fund exits Australia fund

Investec Property Fund exits Australia fund

The fund says its balance sheet is now significantly weighted to SA and Europe after it disposed of its minority position at an attractive return.

Grit may delist from JSE

Grit may delist from JSE

The pan-African real estate company wants to consolidate its three listings into two in order to save on costs and boost liquidity.

Sygnia expects market volatility to continue

Sygnia expects market volatility to continue

The fund manager doubled first-half profit despite big swings in asset prices as Covid-19 escalated in March.

Shoppers return to Hyprop’s malls

Shoppers return to Hyprop’s malls

The shopping centre owner says its core focus is on retaining tenants as it negotiates rent relief packages with retailers.

Amplats converter unit almost fixed

Amplats converter unit almost fixed

The platinum producer says a leak at its ACP Phase B unit was unconnected to recent repair work and it would be ready next week.

Sanlam strikes a cautious tone due to Covid-19

Sanlam strikes a cautious tone due to Covid-19

While the year started well for the insurer, it has been impacted by extreme market volatility and pressure on new business volumes.

EOH rallies on positive update

EOH rallies on positive update

The technology company says a resilient third-quarter performance has helped it pay down debt faster.

Steinhoff says impact of Covid-19 will be material

Steinhoff says impact of Covid-19 will be material

The retailer has also agreed to help the criminal authorities fund an additional forensic probe into its accounting fraud.

Libstar grows retail sales as restaurants remain shuttered

Libstar grows retail sales as restaurants remain shuttered

The food group says it expects its performance to improve as restrictions on quick-service restaurants are eased.

Chips are down for Tsogo Sun Gaming

Chips are down for Tsogo Sun Gaming

The casino operator says it is faced with the uncertainty of when its casinos will be allowed to reopen and the restrictions they may face.

Life Healthcare targeted in cyber attack

Life Healthcare targeted in cyber attack

The group says patient care has not been affected but it is still trying to determine the extent to which sensitive data has been compromised.

Arrowhead expands disposal programme due to Covid-19

Arrowhead expands disposal programme due to Covid-19

The real estate investment trust is also evaluating a merger with subsidiary Indluplace Properties due to current market conditions.

Capital light Alexander Forbes pays a special dividend

Capital light Alexander Forbes pays a special dividend

The employee benefits business will distribute most of the cash it received from the sale of its insurance business.

Ascendis buys time to clean up balance sheet

Ascendis buys time to clean up balance sheet

Debt repayments have been pushed out to the end of next year, alleviating the need for a fire sale of its assets.

Takeaway hiatus hurts RCL

Takeaway hiatus hurts RCL

The food producer says full-year earnings will be down due to Covid-19 and it may have to impair the carrying value of its assets.

Brait sells Iceland back to founder

Brait sells Iceland back to founder

The disposal forms part of a five-year strategy to maximise value through the realisation of the assets in its portfolio.

Sasfin says rising impairments will affect earnings

Sasfin says rising impairments will affect earnings

The bank and financial services group says there has been a big increase in impairments, which it expects to continue for now.

Rate cuts boost interest in Fortress disposals

Rate cuts boost interest in Fortress disposals

The real estate investment trust says its disposals team continues to receive enquiries for its non-core industrial and office properties.

NEPI Rockcastle welcomes more customers

NEPI Rockcastle welcomes more customers

The shopping centre owner expects almost all of the floor space at its malls to be open for business by the end of the month.

Metair clinches big Ford contracts

Metair clinches big Ford contracts

The auto component and battery manufacturer will invest in a new factory in KwaZulu-Natal to support contracts worth billions from Ford SA.

MultiChoice to report strong turnaround

MultiChoice to report strong turnaround

The pay-TV group says it benefitted from cost containment and reduced losses at its African operations outside SA.

Ecsponent subsidiary loses its licence

Ecsponent subsidiary loses its licence

The private equity group says it plans to wind up Ecsponent Financial Services, which has also been fined R3 million by the FSCA.

Oceana defers dividend despite steady earnings catch

Oceana defers dividend despite steady earnings catch

The fishing group reported a rise in operating profit as steady demand for products like Lucky Star canned fish made up for weakness in the US.

FirstRand prepares for rising impairments

FirstRand prepares for rising impairments

The banking group says full-year earnings will decline as it accounts for an expected increase in credit impairments.

Tongaat and Barloworld still at odd over starch deal

Tongaat and Barloworld still at odd over starch deal

The two companies have been unable to agree on an arbitrator to decide whether a material adverse change has occurred due to Covid-19.

Tower brings in more rent

Tower brings in more rent

The property fund has granted tenants most affected by Covid-19 concessions and has deferred some rentals for up to a year.

WBHO attracts interest Down Under

WBHO attracts interest Down Under

The construction and infrastructure group will report a full-year loss as its Probuild business in Australia attracts a possible offer.

Santam raises provisions for Covid-19 claims

Santam raises provisions for Covid-19 claims

The insurer says business interruption as a result of the national lockdown is not covered under insurance protection against infectious diseases.

Amplats recloses processing plant

Amplats recloses processing plant

The platinum producer says the temporary closure to fix a leak is unrelated to recent repair work at its ACP Phase B unit.

CEO to stay on at SA Corporate

CEO to stay on at SA Corporate

The real estate investment trust says Rory Mackey has been made permanent again.

Grit revises guidance due to Covid-19

Grit revises guidance due to Covid-19

The pan-African real estate company says it has been supported by the structure of its leases, blue-chip tenants and a diversified portfolio.

Mediclinic’s loss doubles due to writedowns

Mediclinic’s loss doubles due to writedowns

The private hospital group says a high degree of uncertainty remains regarding the progression of the Covid-19 pandemic and its full impact.

Covid-19 wipes out Imperial’s restructuring gains

Covid-19 wipes out Imperial’s restructuring gains

The logistics group says it will report a decline in full-year earnings due to the impact of Covid-19 and further rationalisation costs

Comair descends into an annual loss

Comair descends into an annual loss

The airline operator, currently in business rescue, has not earned any revenue since mid-March when flights were cancelled.

intu expects big drop in rent collection

intu expects big drop in rent collection

The beleaguered shopping centre owner says it is likely to collect a third less rent than last year as some tenants remain shuttered.

Standard Bank warns of Covid-19 impact

Standard Bank warns of Covid-19 impact

The bank says credit impairments may exceed those recorded during the global financial crisis.

Bidvest's businesses on review due to virus

Bidvest's businesses on review due to virus

The group says it may retrench some employees as it right-sizes its operations to keep them competitive in a changing environment.

Sirius declares dividend despite Covid-19

Sirius declares dividend despite Covid-19

The German-focused real estate group has grown its rent roll by more than 5 percent for a sixth consecutive year.

Capco grows its West End presence

Capco grows its West End presence

The London real estate investor has bought a significant stake in Shaftesbury, which owns property near its Covent Garden estate.

Covid-19 puts paid to Sasfin’s deal with Arise

Covid-19 puts paid to Sasfin’s deal with Arise

The niche bank and financial group says shareholders should still exercise caution due to the potential disposal of its stake in Efficient Group.

Capital Appreciation grows dividend after strong year

Capital Appreciation grows dividend after strong year

The FinTech business says its business continued to operate throughout the lockdown, buoyed by growing demand for new technologies.

Nampak toasts the reopening of bottle stores

Nampak toasts the reopening of bottle stores

The packaging group says it has been impacted by weak demand that has been aggravated by the Covid-19 lockdown.

Raubex hopeful about new road projects

Raubex hopeful about new road projects

The construction and road-building group wants to participate in some of the projects aimed stimulating the economy post Covid-19.

Capitec flags rare earnings decline

Capitec flags rare earnings decline

Separately, a deal was announced that will see EasyEquities launch investing services on the new Capitec mobile banking app.

Reinet’s value declines on BAT and Covid-19 volatility

Reinet’s value declines on BAT and Covid-19 volatility

The investment group says the decrease in its net asset value from January to March topped one billion euros.

Tsogo Sun hit as virus leaves beds empty

Tsogo Sun hit as virus leaves beds empty

The hotel operator has appealed for the government to continue opening the economy as quickly as possible.

Mr Price not shopping for Jet

Mr Price not shopping for Jet

The value retailer has dismissed speculation that it could be poised to buy clothing retail chain Jet.

Old Mutual warns of lower earnings as Covid-19 impacts sales

Old Mutual warns of lower earnings as Covid-19 impacts sales

The life assurer says many of its agents have been unable to sell policies, impacting productivity and new business acquisition over the past two months.

Retrenchments on the cards as Barloworld prepares for post-Covid reality

Retrenchments on the cards as Barloworld prepares for post-Covid reality

The industrial group says its Automotive and Logistics and Equipment southern Africa operations will be most affected by the job cuts.

MiX Telematics prepares for tougher year ahead

MiX Telematics prepares for tougher year ahead

The vehicle tracking and asset management solutions group has suspended guidance due to market uncertainty.

Woolworths cushioned by strong food sales as clothing plummets

Woolworths cushioned by strong food sales as clothing plummets

The retailer has suspended dividends until the trading has stabilised after reporting a big drop in clothing, home and beauty sales.

Pepkor withholds dividend as sales decline

Pepkor withholds dividend as sales decline

The retailer says it lost out on an estimated R5 billion in revenue during the lockdown in April.

Datatec lifted by Westcon turnaround

Datatec lifted by Westcon turnaround

The tech group says it was able to adjust quickly to a remote working environment and has seen increased demand for work-from-home technologies.

Arrowhead postpones dividend decision

Arrowhead postpones dividend decision

The real estate investment trust says in order to protect its balance sheet and bolster liquidity, it will decide on a dividend with its full year...

PSG to unbundle most of its Capitec stake

PSG to unbundle most of its Capitec stake

The investment holding company aims to reduce the discount its shares trade at and avoid any new regulatory requirements that may lie ahead.

ADvTECH falls behind on school fees

ADvTECH falls behind on school fees

The private education group says collections fell in April and it has been helping families affected by the lockdown.

Orion Minerals advances with Prieska project

Orion Minerals advances with Prieska project

The minerals exploration and development company says an updated bankable feasibility study has delivered a number of improvements on a previous study.

Covid-19 deters Famous Brands from dishing up a dividend

Covid-19 deters Famous Brands from dishing up a dividend

The restaurant group is concerned about how long trading restrictions will remain in force and how consumer spending is impacted after the lockdown.

Coronation sticks with dividend

Coronation sticks with dividend

Fund under management declined sharply in March due to the Covid-19 driven market crash and net outflows but it is still paying a dividend.

Afrimat makes a play for Unicorn

Afrimat makes a play for Unicorn

The group may make a firm offer for Unicorn as it targets Nkomati Anthracite to beef up its Bulk Commodities division.

Absa says bad debts have doubled

Absa says bad debts have doubled

The bank says impairments have risen sharply since late March and its return on equity has fallen materially.

Exemplar beats distribution guidance

Exemplar beats distribution guidance

The shopping centre owner has grown its annual dividend by more than expected but is not providing guidance for the year ahead.

Netcare suspends dividend as Covid-19 impacts operations

Netcare suspends dividend as Covid-19 impacts operations

The private hospital operator says the pandemic has introduced significant uncertainty and forecast risk for the remainder of its financial year.

Tiger Brands warns of prolonged downturn

Tiger Brands warns of prolonged downturn

The group has withheld an interim dividend as it prioritises cash preservation due to the Covid-19 uncertainty.

Murray optimistic despite short-term constraints

Murray optimistic despite short-term constraints

The specialist engineering and construction group has grown its order book and believes clients will go ahead and award new tenders.

EPP revokes dividend due to Covid-19

EPP revokes dividend due to Covid-19

The Polish shopping centre owner will retain the 53 million euros it would have paid out to preserve capital and maintain liquidity.

Vunani flags lower earnings

Vunani flags lower earnings

The fund management, advisory services and commodities trading business says full-year earnings will fall by as much as 87 percent.

Nampak prepares to unpack an interim loss

Nampak prepares to unpack an interim loss

Apart from ongoing tough trading conditions, the packaging group is preparing to impair its operations outside SA.

Truworths says a divided is unlikely as Office weighs on earnings

Truworths says a divided is unlikely as Office weighs on earnings

The retail group says it is considering all possibilities for its Office chain of shoe stores, which remain shut under the UK lockdown.

Hulisani warns of wider losses

Hulisani warns of wider losses

The renewable energy investment company has written off its investment in Ignite Energy Projects as it focuses on its SA operations.

Atlantic Leaf agrees buyout as property sector struggles

Atlantic Leaf agrees buyout as property sector struggles

The deal will give large shareholder Vukile Property Fund the opportunity to exit as it disposes of non-core investments.

Nedbank calculates initial Covid-19 impact

Nedbank calculates initial Covid-19 impact

The bank has restructured loans amounting to R81 billion to affected customers as it prepares for a decline in profitability.

Sasol slides on Covid-19, oil impact

Sasol slides on Covid-19, oil impact

The oil and chemicals group says its full-year earnings will be at least 20 percent down from last year.

Tsogo Sun in a spin over Covid-19

Tsogo Sun in a spin over Covid-19

The casino operator will has booked large impairments as its casinos and bingo outlets remain closed under the lockdown.

Investec counts the cost of Covid-19

Investec counts the cost of Covid-19

The bank and wealth manager says the pandemic has already impacted trading income, investment income and expected credit losses.

SPAR held back by Polish losses

SPAR held back by Polish losses

The retailer and wholesaler says Covid-19 has delayed the restructuring of its Polish supermarkets and is likely to lead to higher food prices.

Afrimat well positioned for economic rebuild

Afrimat well positioned for economic rebuild

The construction materials and bulk commodities producer says it is ready to capitalise on government infrastructure programmes aimed at stimulating the economy.

Quantum’s earnings crack on lower egg prices

Quantum’s earnings crack on lower egg prices

Nulaid eggs recorded a first-half loss as prices fell and feed costs rose but the demand supply balance is expected to improve.

Hudaco prepares investors for no dividend

Hudaco prepares investors for no dividend

The group says it is preserving cash due to the impact of the lockdown on its businesses and uncertainty over when demand will return.

 Dis-Chem holds back on dispensing dividend

Dis-Chem holds back on dispensing dividend

The group has deferred the declaration of a dividend to its next cycle when it has a better understanding of normalised trading conditions.

Investec Property Fund benefits from offshore focus

Investec Property Fund benefits from offshore focus

The property fund says its expansion into European logistics properties is timeous given the accelerated shift to online retail as a result of Covid-19.

Impairments hit Tiger Brands’ earnings

Impairments hit Tiger Brands’ earnings

The group has impaired some export operations due to ongoing trading difficulties that have been exacerbated by Covid-19.

Ninety One hampered by Covid-19

Ninety One hampered by Covid-19

The maiden results from the asset manager following its recent demerger from Investec were marred by the recent Covid-19 market correction.

Esor to delist next month

Esor to delist next month

The construction group will delist on 22 June, a week after Group Five also exits the exchange due to the slump in the sector.

enX earnings skewed by failed Bidvest deal

enX earnings skewed by failed Bidvest deal

The Fleet business was recorded as held for sale at the end of its most recent report period before the deal fell through.

Mr Price prepares to go shopping

Mr Price prepares to go shopping

The retailer says internal market research has identified attractive growth areas that a capital raise will enable it to pursue.

Rhodes benefits from stockpiling

Rhodes benefits from stockpiling

The food producer says its international segment was held back by reduced shipments to China and foreign exchange losses.

Richemont bulks up balance sheet with bond sales

Richemont bulks up balance sheet with bond sales

The luxury goods group says the additional capital will help it weather potentially tougher times while supporting business development.

Santova holds dividend due to global trade uncertainty

Santova holds dividend due to global trade uncertainty

The logistics group says its resources are best conserved at this time due to ongoing uncertainty in the global economy.

Jubilee relocates plant to boost earnings

Jubilee relocates plant to boost earnings

The mine-to-metals company is relocating its fine chrome recovery plant from DCM to one of its larger chrome sites.

Texton continues with disposals

Texton continues with disposals

The property fund is selling non-core assets as it focuses on strengthening its balance sheet and reducing debt.

Stor-Age sees demand returning

Stor-Age sees demand returning

The specialist storage property fund says strong rental collections are evidence of the defensive and resilient nature of its business model.

Astral chickens out of dividend

Astral chickens out of dividend

The poultry producer has also delayed a major capital programme to expand volumes as a result of the Covid-19 lockdown.

Balwin holds off on dividend

Balwin holds off on dividend

The residential property developer will reconsider a dividend once it has greater certainty about the impact of Covid-19 on its business.

Calgro M3 in better shape to weather Covid-19

Calgro M3 in better shape to weather Covid-19

The residential property and memorial parks developer is exiting its rental portfolio and outsourcing construction as it reduces debt.

Lockdown puts pressure on Massmart’s sales

Lockdown puts pressure on Massmart’s sales

The retailer and wholesaler was unable to sell items that contributed more than half of its sales last year.

intu seeks standstill as it risks covenant breaches

intu seeks standstill as it risks covenant breaches

The shopping centre owner says once the market has normalised there will be a greater opportunity to explore alternative capital structures and solutions.

Old Mutual Announces Digital AGM

Old Mutual Announces Digital AGM

In Staying with a digital mindset, Old Mutual, as part of their future development, has also unveiled an ambitious plan to create Africa’s biggest Digital Classroom.

Sobering update from Distell

Sobering update from Distell

The drinks company says earnings for the year to end-June will be significantly lower as a result of alcohol restrictions.

Dis-Chem adds Baby City to its basket

Dis-Chem adds Baby City to its basket

The discount pharmacy chain says Baby City has been in its sights for many years and there are clear opportunities to harness synergies.

Aspen sticks to profit outlook

Aspen sticks to profit outlook

There has been elevated demand for some products, while others have suffered due to declines in elective surgical procedures due to Covid-19.

Richemont cuts dividend as Covid-19 hits sales

Richemont cuts dividend as Covid-19 hits sales

The luxury goods group is investigating a scheme to reward shareholders after halving its 2020 dividend to preserve cash.

Virus holds back SPAR’s Polish acquisition

Virus holds back SPAR’s Polish acquisition

The retailer and wholesaler says its other businesses delivered strong results and it is positive about the prosects for Poland.

Foschini warns of leaner times

Foschini warns of leaner times

The retailer says the Covid-19 lockdown and store closures will have a significant impact on its business this year.

Liberty prepared for volatile year

Liberty prepared for volatile year

The life assurer says volatile markets will affect returns from its Shareholder Investment Portfolio while new business volumes are likely to come under pressure.

Long4Life well-placed to weather Covid-19

Long4Life well-placed to weather Covid-19

The company says it has a strong balance sheet, cash on hand and minimal debt, positioning it to take advantage of acquisition opportunities.

Altron trims dividend to preserve cash

Altron trims dividend to preserve cash

After a strong year, the technology group expects revenue to dip in the period ahead due to Covid-19.

MTN prepares for tougher conditions

MTN prepares for tougher conditions

The network operator says it is too early to assess the impact of Covid-19 on its customers and quantify the effect on its business.

Spear withholds 2021 guidance

Spear withholds 2021 guidance

The Cape-focused real estate investment trust met its guidance for this year but says the outlook for the year ahead is less certain.

Brait expects short-term earnings hit

Brait expects short-term earnings hit

The investment group says results for the year to end-March will reflect the impact of Covid-19 on the value of its portfolio companies.

Transaction Capital brakes on its dividend

Transaction Capital brakes on its dividend

The financial services group says it wants to preserve financial flexibility and liquidity as the lockdown affects taxi drivers.

Cartrack rallies on full-year dividend

Cartrack rallies on full-year dividend

The vehicle telematics group says it continues to generate lots of cash despite a decline in new subscriptions since the lockdown started.

Spur opens for deliveries

Spur opens for deliveries

The restaurant franchisor says customers have so far reacted favourably to delivery-only services from some of its restaurant chains.

Delta reviews its distribution policy

Delta reviews its distribution policy

Despite a defensive portfolio with government as its biggest tenant, the property fund says liquidity remains of paramount importance at present.

Kore Potash says study confirms DX project's viability

Kore Potash says study confirms DX project's viability

The exploration and development company is preparing to move towards its first potash production in the Republic of Congo.

Pick n Pay’s shares dive as it saves on dividend

Pick n Pay’s shares dive as it saves on dividend

The supermarket group says it will consider a final dividend once it can properly assess the full impact of Covid-19 on its operations.

Afrimat ramps up its operations

Afrimat ramps up its operations

The mining and materials group says it will increase capacity at its open cast operations in line with market demand and government health regulations.

Tongaat starch sale hangs in the balance

Tongaat starch sale hangs in the balance

Barloworld subdiariary KLL issued a material adverse change notice to Tongaat due the expected impact of Covid-19 on its starch operation.

Sibanye-Stillwater in the pound seats

Sibanye-Stillwater in the pound seats

The precious metals group has reported a rebound in first-quarter production amidst rising prices for the metals it digs out the ground.

Calgro flags a recovery

Calgro flags a recovery

The affordable housing developer says it is well positioned for growth and should be able to absorb the impact of Covid-19.

Price cuts boost data traffic at Vodacom

Price cuts boost data traffic at Vodacom

The network operator says the trend of increased data traffic has continued into its new financial year after it reduced tariffs again last month.

Life Healthcare counts the cost of Covid-19

Life Healthcare counts the cost of Covid-19

The private hospitals group is holding back on an interim dividend so it can preserve cash due to uncertainty brought on by the pandemic.

AngloGold Ashanti shines on higher gold price

AngloGold Ashanti shines on higher gold price

The gold producer says free cash flow more than trebled despite lost production as a result of Covid-19 restrictions.

Group Five to delist next month

Group Five to delist next month

The business rescue practitioners says there is no realistic prospect of anything remaining for shareholders.

RDI holds back dividend due to Covid-19

RDI holds back dividend due to Covid-19

The real estate investment trust says it will re-evaluate its cash and liquidity position at year end.

S&P downgrades SA banks

S&P downgrades SA banks

The agency does not rate banks above the national ratings given the direct and indirect impact that sovereign distress would have on their debt.

Merafe resumes limited operations

Merafe resumes limited operations

The company says stringent Covid-19 restrictions and return to work processes have been implemented as it commences some operations.

Phumelela limps into business rescue

Phumelela limps into business rescue

The horse racing and sports betting group says business rescue is the best option to ensure its long-term survival.

Adcorp warns of full-year loss

Adcorp warns of full-year loss

The recruitment company says earnings were impacted by impairments as it struggled with constrained trading conditions.

Resilient sticks to dividend policy

Resilient sticks to dividend policy

The REIT says it will also write of its remaining investment in Edcon, which entered business rescue at the end of last month.

Labat Africa places fuel operation into business rescue

Labat Africa places fuel operation into business rescue

While the black-owned investment group has considered exiting its energy investments, it says the focus is now on returning Force Fuel to profitability.

Dissolving pulp out of fashion for Sappi

Dissolving pulp out of fashion for Sappi

The pulp and paper producer says orders for dissolving pulp have fallen sharply due to lower demand for textiles.

AB InBev loses froth over Covid-19

AB InBev loses froth over Covid-19

The group expects a worse second-quarter after more governments restricted its ability to brew and sell beer.

Kaap Agri prepares for continued volatility

Kaap Agri prepares for continued volatility

While retail trade is likely to remain under pressure in the short term, it expects its good agri-trade performance to continue.

DRDGOLD dips into its stockpile as output declines

DRDGOLD dips into its stockpile as output declines

The gold producer sold down its inventory in anticipation of the lockdown, benefitting from a rising gold price.

Premier Fishing’s exports under pressure

Premier Fishing’s exports under pressure

While global demand for its products remains high, the fisheries group has been hampered by restrictions on exports and pressure on selling prices.

Investec Australia Property Fund cautious after a fruitful year

Investec Australia Property Fund cautious after a fruitful year

The fund says it is holding back on providing any guidance for the year ahead due to the potential impact of Covid-19.

Higher gold price cushions Harmony

Higher gold price cushions Harmony

The gold producer may raise up to $200 million in share capital to part fund the acquisition of Mponeng from AngloGold Ashanti.

Fairvest withdraws distribution guidance

Fairvest withdraws distribution guidance

The shopping centre owner says it has no idea how Covid-19 will impact distributable income in the months ahead.

NEPI Rockcastle welcomes back shoppers

NEPI Rockcastle welcomes back shoppers

The shopping centre owner says close to half the floor space at its shopping centres is trading again as lockdown restrictions are eased.

Anchor grows assets in volatile environment

Anchor grows assets in volatile environment

The fund manager and stockbroker says it benefited from strong inflows and rand weakness in the first quarter of the year.

Stenprop makes progress on rent collections

Stenprop makes progress on rent collections

The property group has also continued to benefit from interest in its multi-let industrial properties in the UK.

enX sale to Bidvest falls through

enX sale to Bidvest falls through

Bidvest declined to extend the deadline to give the Prudential Authority more time to approve the R3.1 billion Eqstra transaction.

Amplats ramps up processing plant

Amplats ramps up processing plant

The group says it is engaging with suppliers of PGM concentrate to lift force majeure imminently as it restarts refined production.

Telkom delays results due to Covid-19

Telkom delays results due to Covid-19

The telecoms group says investors should not draw undue adverse inferences as a result of it making use of the extension.

Comair descends into business rescue

Comair descends into business rescue

The airline operator says its business model remains sounds and it believes it will return to the skies once restrictions have been lifted.

Equites benefits from strong tenant base

Equites benefits from strong tenant base

The specialist logistics property fund has reported strong rental collections, with most of its tenants continuing to operate during the lockdown.

Famous Brands dubious about home delivery

Famous Brands dubious about home delivery

The casual dining restaurant group says it has started reopening some of its local restaurants for delivery-only services.

Phumelela faces possible liquidation

Phumelela faces possible liquidation

Unless talks to raise capital are successful it will have to decide whether there is a reasonable prospect that its business can be rescued.

Redefine cautious as fundamentals deteriorate

Redefine cautious as fundamentals deteriorate

The real estate investment trust has withdrawn full-year guidance and is holding back on its interim dividend.

Imperial offloads European shipping business

Imperial offloads European shipping business

The logistics group says shipping was identified as being non-core to its Gateway to Africa strategy.

Equites holds fire on Pepkor warehouse

Equites holds fire on Pepkor warehouse

Due to the impact of Covid-19, the property fund says it would not be prudent to proceed on the original commercial terms.

BAT smouldering over tobacco ban

BAT smouldering over tobacco ban

The tobacco giant says cigarette sales have only been restricted in a few countries as it reports a good start to its 2020 financial year.

Comair hits Covid-19 turbulence

Comair hits Covid-19 turbulence

The airline operator says the lockdown has caused conditions to deteriorate to the point where it is in a very difficult financial position.

Metrofile takeover put on ice

Metrofile takeover put on ice

After lockdown restrictions are over, the takeover consortium will need to take a fresh look at its books before making a firm offer.

EPP rallies as Polish centres reopen

EPP rallies as Polish centres reopen

The Polish property investors says retailers will be able to resume trading sooner than previously expected.

PPC cements CFO position as Covid-19 bites

PPC cements CFO position as Covid-19 bites

The cement producer says overall SA sales volumes for April were about 95 percent lower than last year.

RCL circular held up by postal lockdown

RCL circular held up by postal lockdown

The food producer says it is trying all avenues to facilitate timeous access to an important circular by all shareholders.

PSG confirms possible Capitec unbundling

PSG confirms possible Capitec unbundling

The investment group wants to narrow the discount its shares trade at and avoid the burden of new regulations.

Edcon to file for business rescue

Edcon to file for business rescue

The lockdown was the final blow for the retailer, which was restructuring its business in a battle for survival.

RBPlat defers capex due to Covid-19

RBPlat defers capex due to Covid-19

The platinum producer has withdrawn full-year guidance and will defer capital expenditure to safeguard its position.

Bell Equipment reduces salaries as it delays its results

Bell Equipment reduces salaries as it delays its results

The earthmoving equipment and articulated dump truck group is implementing short time across its operations and reducing executive and director remuneration.

MTN cautions about tougher conditions in Nigeria, Ghana

MTN cautions about tougher conditions in Nigeria, Ghana

The mobile network operator reported strong first-quarter growth from both operations but said future conditions were likely to be more challenging.

Covid-19 a further blow to Labat Africa

Covid-19 a further blow to Labat Africa

The investment holding company is considering exiting its fuel investments to focus on growing its healthcare business.

Gemfields delisting from Bermuda

Gemfields delisting from Bermuda

The coloured gemstones group says the listing is no longer required following its admission to AIM on the London Stock Exchange.

Atlantic Leaf maintains strong tenant base

Atlantic Leaf maintains strong tenant base

The real estate investment trust says the only vacancy was the one left by collapsed travel firm Thomas Cook.<

Hudaco prepares for A2X listing

Hudaco prepares for A2X listing

The automotive and industrial parts distributor will take the number of securities on the alternative market to 37 when it lists on 5 May.

Kore Potash makes progress with Dougou project

Kore Potash makes progress with Dougou project

The exploration and development company expects to publish the pre-feasibility study next month as it moves towards its first potash production.

FirstRand gets more gloomy

FirstRand gets more gloomy

The banking group has pulled its earnings guidance for the year to end-June due to the continued deterioration in trading conditions.

MC Mining pushing ahead with Makhado funding

MC Mining pushing ahead with Makhado funding

The coal producer continues to engage with potential capital providers and expects to have funding for the project in place by the end of September.

Wesizwe flags a full-year profit

Wesizwe flags a full-year profit

Shares of the platinum producer rallied on news of a 200 percent improvement in its profitability.

Trematon positioned to weather Covid-19

Trematon positioned to weather Covid-19

The investment holding company says it is in a comfortable financial position and its Generation Schools business has adapted to online education.

Merafe reports output decline as production stops

Merafe reports output decline as production stops

The Glencore Merafe Chrome Venture put its operations on care and maintenance last month due to the national lockdown.

PSG cuts dividend as Capitec saves cash

PSG cuts dividend as Capitec saves cash

The investment holding company is also looking for ways to unlock the discount its shares trade at as it considers corporate action.

Clicks maintains health during lockdown

Clicks maintains health during lockdown

While retail outlets are operating under sales restrictions, pharmaceutical distribution business UPD is in prime position to supply healthcare facilities with medicine.

Anglo cuts its cloth to fit Covid-19 curtailment

Anglo cuts its cloth to fit Covid-19 curtailment

With a number of its mines operating at reduced capacity, Anglo has trimmed production guidance for the year and is cutting back on spending.

Sasol targets salaries as Covid-19 grips

Sasol targets salaries as Covid-19 grips

The oil and chemicals group says it has to take all necessary measures to manage current market volatility and uncertainty.

Lockdown adds pressure to Cashbuild’s sales

Lockdown adds pressure to Cashbuild’s sales

The building materials retailer says its SA stores are operating under strict guidelines and reduced hours.

Octodec withholds dividend amid uncertainty

Octodec withholds dividend amid uncertainty

The property group says future payouts are at the mercy of a shrinking economy, rising unemployment and declining disposable income.

Gemfields steps up security to protect its gems

Gemfields steps up security to protect its gems

The Mozambican government recently released prisoners to reduce overcrowding in its prisons, including around 150 illegal miners.

Nu-World cushioned by offshore businesses

Nu-World cushioned by offshore businesses

The consumer electronics group is expanding products and brands offshore as it battles weak consumer demand in SA.

Standard Bank prepares for worse bad debt

Standard Bank prepares for worse bad debt

The bank says says credit impairment charges in the first three months of the year were significantly higher than a year ago.

KAP warns a dividend is unlikely as it cuts salaries

KAP warns a dividend is unlikely as it cuts salaries

The industrial group says it is cutting costs, including its wage bill, and its board is unlikely to declare a dividend this year.

Liberty open for business - from home

Liberty open for business - from home

The life assurer says the impact of volatile market conditions has been felt mostly in its Shareholder Investment Portfolio.

BHP maintains guidance despite Covid-19 setback

BHP maintains guidance despite Covid-19 setback

The mining giant expects full-year production to be in line with last year but may trim capital spending going into 2021.

Sasol slides as oil prices turn negative

Sasol slides as oil prices turn negative

The oil and chemicals group fell sharply before recovering most of its losses as oil futures contracts for May expired.

Quilter to proceed with dividend payout

Quilter to proceed with dividend payout

The wealth manager says its financial position remains strong after completing part of its share buyback programme.

Stenprop says its properties remain in demand

Stenprop says its properties remain in demand

The group says it continues to attract new tenants for its multi-let industrial properties through digital channels.

Eskom serves force majeure letters on Wescoal

Eskom serves force majeure letters on Wescoal

Wescoal says Eskom has not yet indicated how its coal supply agreement with its power stations will be affected.

EOH speeds up disposals due to Covid-19

EOH speeds up disposals due to Covid-19

German firm RIB Software has accelerated its call option for the outstanding stake in CCS, while EOH has also sold LSD back to its sellers.

Life Healthcare preps for pandemic

Life Healthcare preps for pandemic

The private hospitals group has suspended all non-urgent procedures, freeing up beds for an expected influx of Covid-19 patients.

Pandemic reins in horse racing

Pandemic reins in horse racing

Phumelela says an extended lockdown could spell disaster for the local industry, resulting in rationalisation and job losses.

Steinhoff reports deteriorating conditions

Steinhoff reports deteriorating conditions

The retailer says restrictions on trade due to social distancing and lockdown measures will hurt revenue this year.

South32 on track despite Covid-32 impact

South32 on track despite Covid-32 impact

The diversified miner says apart from some SA and Colombian operations, full-year production guidance remains intact.

Harmony set to restart local production

Harmony set to restart local production

The gold producer says it will take up to five working days to restart its underground operations and steps have been taken to protect workers.

Exxaro questions Eskom's force majeure

Exxaro questions Eskom's force majeure

The resources group says after consulting its lawyers, it does not believe the event constitutes a force majeure.

Ecsponent plans pref share restructure

Ecsponent plans pref share restructure

The small cap financial services company wants to convert R2.56 billion in preference shares into equity following a change to its business model.

Murray and Roberts warns of Covid-19 hit

Murray and Roberts warns of Covid-19 hit

The engineering and construction services group says lockdown conditions will have a considerable negative impact on earnings.

Implats exec arrested as workers return

Implats exec arrested as workers return

The platinum miner recalled some of its workforce last week as it prepares to increase production under government guidelines.

Road ahead uncertain as Zeder recovers

Road ahead uncertain as Zeder recovers

While providing essential services, the food and agriculture investment company says it is not to immune to challenges posed by Covid-19.

Mediclinic puts off operations to focus on pandemic

Mediclinic puts off operations to focus on pandemic

The private hospitals group has suspended non-urgent elective surgery to deal with the coronavirus pandemic.

Hulamin keeping a close eye on its cash

Hulamin keeping a close eye on its cash

The aluminium products manufacturer says it is managing cash flows and costs daily as the lockdown continues.

Truworths may exit Office: report

Truworths may exit Office: report

Sky News reports that a professional services firm has been appointed to run an accelerated sales process for the UK shoe chain.

HomeChoice pulls dividend for now

HomeChoice pulls dividend for now

The direct marketer and fintech company says it will release a revised dividend timetable with its interim results in August.

Vodacom increases capacity as demand soars

Vodacom increases capacity as demand soars

The network operator has applied for additional spectrum and plans to spend millions to add capacity due to more customers working from home.

Ascendis finds buyer for Scitec as it accelerates disposals

Ascendis finds buyer for Scitec as it accelerates disposals

The pharmaceuticals and healthcare group says the proceeds will be used to reduce debt and enhance its balance sheet and liquidity.

Tiger Brands closes Durban bakery after Covid-19 scare

Tiger Brands closes Durban bakery after Covid-19 scare

The fast-moving consumer goods group says staff who tested positive for the virus working in the admin building.

Schroder protected by diverse portfolio

Schroder protected by diverse portfolio

The real estate investment trust has collected most of its rent for April but says it may postpone further dividends due to market uncertainty.

Net1 cancels Bank Frick option

Net1 cancels Bank Frick option

The fintech group wants to maintain liquidity in the current uncertain environment and focus on opportunities closer to home.

AngloGold Ashanti restarts most operations

AngloGold Ashanti restarts most operations

The Mponeng gold mine in SA is the only one of its 14 operations where production remains suspended.

Datatec still mulling Brazil listing for Logicalis

Datatec still mulling Brazil listing for Logicalis

The ICT group is determining the impact of market volatility on the timing of the potential flotation.

CMH’s profit growth stalls

CMH’s profit growth stalls

The automotive group says full-year earnings will be as much as 15 percent down on last year.

Banks tumble as conditions deteriorate

Banks tumble as conditions deteriorate

Lower interest rates and the impact of Covid-19 and recent ratings downgrades are expected to weigh on earnings this year.

Capitec toes the SARB’s dividend line

Capitec toes the SARB’s dividend line

The bank had planned a final payout but decided to heed the guidance of the Prudential Authority to hold back on dividends.

PSG Konsult raises dividend after tough year

PSG Konsult raises dividend after tough year

Wealth management and insurance made up for a weak performance from asset management as market volatility took its toll.

Momentum Metropolitan buys Alex Forbes’ Namibian business

Momentum Metropolitan buys Alex Forbes’ Namibian business

Alexander Forbes is exiting insurance so it can focus on its employee benefits operations and free up statutory capital.

Sirius collects most of its rent despite Covid-19

Sirius collects most of its rent despite Covid-19

The German-focused real estate group says it is reviewing requests for deferred rent payments from a small number of tenants.

The Week Ahead

The Week Ahead

The coronavirus curves appear to be flattening.

Safari’s tenants withhold rent due to lockdown

Safari’s tenants withhold rent due to lockdown

The shopping centre owner says five large national retailers are among those who have not paid rent this month.

Afrimat gets boost from iron ore production

Afrimat gets boost from iron ore production

The group will post a solid rise in full-year earnings thanks to its Industrial Minerals business and the Demaneng iron ore mine.

Zeder primes investors for higher earnings

Zeder primes investors for higher earnings

The food and agriculture investment holding company says most of its businesses reported improved performances.

Mondi pulls dividend due to Covid-19 uncertainty

Mondi pulls dividend due to Covid-19 uncertainty

The group says it will consider an additional interim dividend for 2019 when it has a clearer view of the impact of the coronavirus.

Standard Bank to proceed with dividend payment

Standard Bank to proceed with dividend payment

The bank joins Absa and Nedbank in making their final dividend payment for 2019 but may hold back on any distributions this year.

Sasol cuts output as motorists stay home

Sasol cuts output as motorists stay home

The group is suspending production at its Natref refinery and reducing output at Secunda as fewer motorists fill up due to the lockdown.

Tiger Brands mulls an interim dividend

Tiger Brands mulls an interim dividend

The food producer says a payout will depend on circumstances, as it pledges to keep prices on hold for the duration of the lockdown.

Ascendis steps into the Covid-19 breach

Ascendis steps into the Covid-19 breach

A large number of its drugs, supplements and medical devices are in demand to help treat patients with the coronavirus.

Naspers and Prosus have the resources to endure Covid-19

Naspers and Prosus have the resources to endure Covid-19

The global consumer internet groups have cash on hand and measures are in place to protect employees and support key partners affected by the virus.

Covid-19 increases pressure on Stefanutti

Covid-19 increases pressure on Stefanutti

The construction group says most governments in the countries where it operates have clamped down on non-essential projects.

Octodec withdraws dividend guidance

Octodec withdraws dividend guidance

The company says it is committed to assisting tenants to navigate through the period as part of its retention strategy.

Banks urged to hold back on divs, bonuses

Banks urged to hold back on divs, bonuses

The Prudential Authority of the SARB has relaxed capital requirements for banks but wants them to preserve cash in return.

Imperial protected by critical industries

Imperial protected by critical industries

The logistics group has withdrawn earnings guidance but says a number of its businesses continue to deliver critical products.

EOH cuts salaries to ride out Covid-19

EOH cuts salaries to ride out Covid-19

The technology group is taking a number of measures to secure its sustainability as a key player in the SA IT infrastructure.

RDI confident despite tenant arrears

RDI confident despite tenant arrears

The UK and German property owner says it has a strong track record of income resilience dispute current short-term disruptions.

Woolies execs agree to pay cut for staff

Woolies execs agree to pay cut for staff

The retail group has warned that earnings are likely to be more than 20 percent down from last year as the lockdown curtails sales.

Gemfields’ auctions grind to a halt after a record year

Gemfields’ auctions grind to a halt after a record year

Sales will come under pressure as the group cannot hold its regular auctions of coloured gemstones.

Grindrod hampered as trade corridors close

Grindrod hampered as trade corridors close

The decision to allow some mines to continue operating may mitigate the impact of Covid-19 on its Port and Terminals operations.

ELB Engineering Services enters business rescue

ELB Engineering Services enters business rescue

The engineering and capital equipment supplier says conditions are likely to continue deteriorating due to Covid-19.

Comair grounds Star Air deal

Comair grounds Star Air deal

The airline operator gave no reason for pulling out of the deal, which was aimed at extending its diversification strategy.

Chips are down for Famous Brands

Chips are down for Famous Brands

Apart from its Lamberts Bay Foods business, all restaurants and manufacturing plants have shut for the duration of the lockdown.

AfroCentric shielded from lockdown conditions

AfroCentric shielded from lockdown conditions

The healthcare group says there has been a spike in demand for some products, while Medscheme continues to process claims and assist members.

EOH warns of Covid-19 risks

EOH warns of Covid-19 risks

The technology group says it will report a much reduced first-half loss but is unsure of what lies ahead due to the pandemic.

Hamstrung AMSA declares force majeure

Hamstrung AMSA declares force majeure

The steel producer has suspended operations and says it will be reducing the salaries of workers for the next three months as conditions deteriorate.

EasyEquities turns profitable for Purple Group

EasyEquities turns profitable for Purple Group

The online share investment platform has reached a tipping point, with more than 150-thousand active users.

ARM to resume some operations

ARM to resume some operations

Due to exemptions for goods critical to the economy, the group can continue loading iron ore at two of its mines in the Northern Cape.

Cheap eggs hit Quantum's earnings

Cheap eggs hit Quantum's earnings

The poultry producer says rising volumes were not enough to offset the impact of lower egg prices and higher feed production costs.

Altron considers listing Bytes

Altron considers listing Bytes

The technology group says it will start to lay the groundwork now and will assess market conditions for a listing closer to the time.

Famous Brands writes off UK burger chain

Famous Brands writes off UK burger chain

The casual dining restaurant group may impair the full value of its investment in Gourmet Burger Kitchen due to the open-ended lockdown.

Libstar postpones dividend to preserve cash

Libstar postpones dividend to preserve cash

The food group says retail channels have picked up but sales to restaurants, cafes and bars have dried up.

Moody’s downgrades SA banks to junk

Moody’s downgrades SA banks to junk

The ratings agency says borrowers will find it more difficult to repay loans due to the weak economy, resulting in higher credit impairments.

Afrimat to keep producing iron ore

Afrimat to keep producing iron ore

The materials group says the government has created exemptions for goods deemed critical to the health of the economy and its recovery post-crisis.

York battles against cheap imports

York battles against cheap imports

The timber producer says dumping of uncertified Brazilian plywood resulted in a sharp decline in international prices.

Zeder announces Pioneer windfall

Zeder announces Pioneer windfall

The special dividend is less than planned as the investment group is holding some of the sale proceeds back due to uncertain market conditions.

Attacq withdraws dividend guidance as it works with tenants

Attacq withdraws dividend guidance as it works with tenants

The REIT has already paid its interim dividend but says it does not know how its full-year payout will be affected by Covid-19.

Net1 says fee income will come under pressure

Net1 says fee income will come under pressure

The fintech and payments group says while the third-quarter impact will be muted, the three months to June are the ones to watch.

Sasol guards against ongoing volatility

Sasol guards against ongoing volatility

The oil and chemicals group has put hedges in place as it warns that weaker demand and pricing could impact earnings this year.

Sanlam lines up new leadership

Sanlam lines up new leadership

Former Old Mutual executive Paul Hanratty replaces CEO Ian Kirk, who will stay on until December to help address Covid-19 challenges.

Covid-19 adds to Workforce’s challenges

Covid-19 adds to Workforce’s challenges

The group says while some of its clients and businesses have been affected by the lockdown, it has the resources to deal with the situation.

RMH assessing optimal timing for FirstRand unbundling

RMH assessing optimal timing for FirstRand unbundling

The investment holding company says it is committed to the restructuring of its portfolio but Covid-19 has caused unprecedented market turmoil.

Harmony shuts underground mines

Harmony shuts underground mines

The gold producer says output from its SA mines will fall by around three quarters during the 21-day lockdown.

Capital & Regional’s tenants behind on their rent

Capital & Regional’s tenants behind on their rent

The community shopping centre owner says it is engaging with retailers after collecting just half of its second-quarter rent.

What does COVID-19 mean for your personal finances?

What does COVID-19 mean for your personal finances?

The coronavirus that started in Wuhan in China in late 2019, has now engulfed the world and wreaked havoc upon the global economy.

Barloworld hunkers down for the long haul

Barloworld hunkers down for the long haul

The industrial group is implementing austerity measures but says its strong balance sheet should support it through a tough period.

Metair postpones dividend as it warns of lower earnings

Metair postpones dividend as it warns of lower earnings

The group says it wants to provide its underlying businesses with additional financial flexibility due to the impact of Covid-19.

Nampak gets temporary relief from weak rand

Nampak gets temporary relief from weak rand

The diversified packaging group has also warned that prolonged disruption to its supply chain could impact future operating results and cash flows.

Sappi reports falling demand due to Covid-19

Sappi reports falling demand due to Covid-19

Orders for graphic paper and dissolving wood pulp have come under pressure but it expects packaging material to be more resilient.

Insurers prepare for Covid-19 claims

Insurers prepare for Covid-19 claims

Sanlam says it has a R760 million pandemic reserve created specifically for an event of this nature while Santam is assessing its exposure.

EasyEquities sees demand for beaten-down shares

EasyEquities sees demand for beaten-down shares

Sasol is attracting significant attention from clients following a massive decline in its share price this year.

Exxaro to help keep the lights on

Exxaro to help keep the lights on

The coal producer says it will keep supplying Eskom as well as export customers to help generate foreign exchange for the country.

Anglo revises guidance on scaled-back operations

Anglo revises guidance on scaled-back operations

The diversified mining group has trimmed production guidance for coal and iron ore this year as it temporarily reduces its workforce and output.

South32 cuts back on spending due to Covid-19 uncertainty

South32 cuts back on spending due to Covid-19 uncertainty

The diversified mining group is trimming its capex budget and has suspended its share buyback programme in order to protect its finances.

Macozoma to take the chair at Vodacom

Macozoma to take the chair at Vodacom

The well-known businessman replaces Jabu Moleketi, who has been on the Vodacom board for the past 11 years.

Resilient withdraws dividend guidance

Resilient withdraws dividend guidance

The shopping centre owner has been giving rental concessions to Edcon but may now receive no rent from the retail group at all.

Mediclinic lines up new chair

Mediclinic lines up new chair

Dame Inga Beale, the first CEO of Lloyds of London, will replace Dr Edwin Hertzog at the AGM of the hospital group in July.

Distell ready for alcohol-free lockdown

Distell ready for alcohol-free lockdown

The wine and spirits producer is halting most of its production but will continue to make alcohol for sanitisers.

intu in talks with banks as tenants withhold rent

intu in talks with banks as tenants withhold rent

The shopping centre owner received less than a third of rent owed to it by the due date this week.

Capco halts share buybacks due to Covid-19

Capco halts share buybacks due to Covid-19

The London property owner says it is conserving cash as it negotiates payment plans with tenants who are affected by trading restrictions.

Afrimat to suspend most operations

Afrimat to suspend most operations

The industrial minerals, bulk commodities and construction materials group says it is too early to quantify the potential impact.

Growthpoint going ahead with dividend payment

Growthpoint going ahead with dividend payment

The real estate investment trust says given the current uncertainty it has withdrawn its full-year guidance.

Mr Price prepares for lockdown sales knock

Mr Price prepares for lockdown sales knock

The value retailer says it will not make any local sales at all over the next three weeks, starting its 2021 financial year on the back...

Sirius getting fewer tenant enquiries

Sirius getting fewer tenant enquiries

The German real estate group says underlying occupancies are likely to dip but demand for storage space is on the rise.

WBHO withdraws dividend

WBHO withdraws dividend

The construction and infrastructure group says it remains committed to future dividends once circumstances permit.

Wescoal to maintain coal production

Wescoal to maintain coal production

The company says as an essential services provider, it will continue supplying coal to Eskom and other essential services like hospitals.

Exxaro brings coal to A2X

Exxaro brings coal to A2X

The resources group will become the third from the sector to list on the alternative exchange.

Vivo Energy taking precautions

Vivo Energy taking precautions

Its petrol stations remain open and it is supplying commercial customers but there has been a drop in aviation and transport volumes.

Emira withdraws dividend guidance

Emira withdraws dividend guidance

The property fund says it is unclear how Covid-19 will impact its balance sheet and distributable income.

Sasfin still in talks with Arise

Sasfin still in talks with Arise

The niche bank and financial services group says discussions with the European investment and development company are ongoing.

Sibanye-Stillwater likely to miss guidance

Sibanye-Stillwater likely to miss guidance

The group is placing its local mines on care and maintenance and scaling back on new project work in the US.

Sappi declares force majeure at Saiccor Mill

Sappi declares force majeure at Saiccor Mill

The pulp and paper producer says the Vulindlela expansion project will undergo a controlled shut down due to the pending lockdown.

Miners seek clarity on Covid-19 lockdown

Miners seek clarity on Covid-19 lockdown

Most mines are being placed on care and maintenance but some remain critical to the economy, including those supplying coal to Eskom.

Master Drilling benefits from diversification

Master Drilling benefits from diversification

The drilling services specialist has maintained a stable order book as it develops new technology and makes complementary acquisitions.

Brait likely to take a hit from coronavirus

Brait likely to take a hit from coronavirus

The investment group says companies in its portfolio will be affected differently by the pandemic, with most of its Virgin Active gyms closing.

Hotel and casino operators close shop

Hotel and casino operators close shop

Operators in the hospitality sector are preparing to close almost all their operations for the duration of the countrywide lockdown.

Dividends postponed as companies conserve cash

Dividends postponed as companies conserve cash

Mpact and Trellidor have delayed payment of their dividends until September in order to preserve financial liquidity due to current uncertainty.

Banks ready to assist customers

Banks ready to assist customers

Standard Bank says it remains well capitalised and liquid but cannot estimate the likely negative impact Covid-19 will have on its performance.

Famous Brands restricted by Covid-19 rules

Famous Brands restricted by Covid-19 rules

The casual dining restaurant group is beefing up its home delivery capability but says trading will become increasingly difficult, impacting sales this year.

Rhodes reports rising demand for tinned goods

Rhodes reports rising demand for tinned goods

Households are stocking up on long life products including canned meat and vegetables and baby food due to Covid-19.

Dividends on hold as companies batten down the hatches

Dividends on hold as companies batten down the hatches

A growing number of property groups say retaining cash will help them weather the difficult conditions that are likely to continue for the short term.

ADvTECH defers dividend as pandemic spreads

ADvTECH defers dividend as pandemic spreads

The private education and staffing group says it will revisit the situation at its May board meeting and may resort to share buybacks.

Alexander Forbes halts Mercer share buybacks

Alexander Forbes halts Mercer share buybacks

The companies say they will revisit the share repurchase at a later date once markets have settled.

New focus pays off for Grand Parade

New focus pays off for Grand Parade

The investment group has liquidated loss-making franchises and is disposing of businesses so it can improve shareholder returns.

MTN slashes data prices in CompCom deal

MTN slashes data prices in CompCom deal

The network operator says it will reduce the price of its monthly bundles by up to a half next month.

Covid-19 adds to Investec’s challenges

Covid-19 adds to Investec’s challenges

The bank and wealth manager will report a decline in full-year earnings, with the pandemic impacting fourth-quarter results.

Datatec benefits from more home workers

Datatec benefits from more home workers

The ICT group says its Logicalis and Westcon division have reported rising orders for remote access computing, security and collaboration networks.

Steinhoff sales impacted by Covid-19

Steinhoff sales impacted by Covid-19

While supply chain disruptions are easing, the retail group says turnover will be impacted as European countries restrict trading.

AngloGold closes Argentine mine due to Covid-19

AngloGold closes Argentine mine due to Covid-19

The gold producer says it is developing plans to help regain delayed production once mining operations resume.

Amplats counts the cost of plant repairs

Amplats counts the cost of plant repairs

The group is reviewing its capex plans for the year due to the expense of fixing the converter plant at its Waterval smelter.

Rain buoys ARC

Rain buoys ARC

The investment group has grown its intrinsic value during a turbulent period thanks to an increase in the value of the data network operator.

Capitec moves to calm investors

Capitec moves to calm investors

The mass market bank and lender has defended the resilience of its business model following a sell-off of its shares this week.

EOH cuts losses as restructuring progresses

EOH cuts losses as restructuring progresses

The technology group is halfway through a two-year turnaround as it cuts costs, sells non-performing businesses and reduces debt.

Sasfin ready to deal with Covid-19 fallout

Sasfin ready to deal with Covid-19 fallout

The bank says it is taking steps to protect stakeholders and has appropriate capital, liquidity and funding buffers in place.

Metair prepared for Covid-19

Metair prepared for Covid-19

The manufacturer has benefited from new vehicle launches but says it is already seeing declines in new vehicle sales and exports due to the pandemic.

Libstar dishes up higher earnings

Libstar dishes up higher earnings

The branded food producer and distributor has benefited from improving profit margins and a lower interest bill.

Balwin says residential demand remains strong

Balwin says residential demand remains strong

The residential property developer says it is keeping a close watch on the Covid-19 virus despite strong demand for its lifestyle apartments.

PPC sees signs of stabilising volumes

PPC sees signs of stabilising volumes

The cement producer says year-to-date sales are down in SA but most of its international operations have continued to grow revenue.

TeleMasters flags higher earnings

TeleMasters flags higher earnings

The telecommunications solutions company credits a debt recovery for the improvement.

Unicorn warns of steeper losses

Unicorn warns of steeper losses

The mining services group is no longer selling its Nkomati Anthracite and Benison Coal operations but has earmarked others for disposal.

Remgro calls for coordinated Covid-19 action

Remgro calls for coordinated Covid-19 action

The company has reported a small rise in first-half earnings but the outlook is uncertain due to the impact of Covid-19.

Sasol mulls cash call to deal with fallout

Sasol mulls cash call to deal with fallout

The oil and chemicals group has outlined a package of measures aimed at resetting its balance sheet so it can endure a low oil price.

Anglo wraps up Sirius acquisition

Anglo wraps up Sirius acquisition

The diversified mining company says the polyhalite project supports its ongoing transition to supplying essential metals and minerals to meet evolving needs.

Vodacom prepares for more home workers

Vodacom prepares for more home workers

The network is ensuring that it has enough network capacity to enable people and businesses to seamlessly work from home.

Sibanye steps in with Marikana processing

Sibanye steps in with Marikana processing

The platinum producer will process most of the metal it used to deliver to Amplats using spare capacity at its Markina operations.

Sun International shuts Latam operations

Sun International shuts Latam operations

The hotel and casino group says the authorities have closed its operations and there is no certainty on when they will be allowed to reopen.

Ninety One lists in volatile market

Ninety One lists in volatile market

Investec decided against a global offer of its shares due to current market volatility.

Taste liquidates Domino’s after failing to find a buyer

Taste liquidates Domino’s after failing to find a buyer

The investment group says a deal could not be concluded on acceptable terms and further financial support was not forthcoming.

Old Mutual warns of growing risks

Old Mutual warns of growing risks

The insurance giant says it is likely to miss its targets this year due to market disruptions and weaker growth.

Bell Equipment warns of earnings slump

Bell Equipment warns of earnings slump

The group blames weaker demand, particularly in its home market, and a rising interest bill due to higher inventory levels.

Omnia hit by cyberattack

Omnia hit by cyberattack

The group says its production facilities and operations were unaffected after it restricted access to its IT infrastructure.

Shopping mall owners warn about Covid-19 fallout

Shopping mall owners warn about Covid-19 fallout

Restricted trading in several European countries will place pressure on tenants and rentals as governments try to contain the coronavirus.

Indluplace reduces vacancies in tough environment

Indluplace reduces vacancies in tough environment

The real estate investment trust says occupancy numbers are satisfactory but it is unable to push through big rent increases due to the weak economy.

Peregrine rallies on private equity offer

Peregrine rallies on private equity offer

Capitalworks is offering shareholders R21 per share to take the company private, with the option of retaining unlisted stock.

MC Mining’s losses widen on weaker coal prices

MC Mining’s losses widen on weaker coal prices

The coal producer says it has made good progress with the Makhado coal project as it targets the premium hard coking coal market.

AfroCentric boosted by acquisitions

AfroCentric boosted by acquisitions

The Medscheme owner says its growing trading businesses contributed to a strong rise in first-half operating profit.

Telkom hit by retrenchment costs

Telkom hit by retrenchment costs

The first phase of a restructuring process will result in costs of about R1.5 billion, which will affect earnings this year.

Sanlam buffeted by headwinds

Sanlam buffeted by headwinds

The insurance group says its operational performance was strong last year, while earnings declined due to one-off costs.

Exxaro reducing coal exposure

Exxaro reducing coal exposure

The diversified resources group plans to include more renewable energy in its portfolio as part of its response to climate change.

intu warns it could go bust

intu warns it could go bust

The shopping centre owner has blamed a massive write-down in the value of its portfolio for a loss last year.

Sasol caught up in market turmoil

Sasol caught up in market turmoil

The group is confident its foundation business is capable of generating positive cash flow from operations in a low oil price environment.

Investec scraps Ninety One stock sale

Investec scraps Ninety One stock sale

The financial services group decided against selling a stake in Ninety One to new investors due to the current market turmoil.

MTN boosted by operations outside SA

MTN boosted by operations outside SA

The network operator also says CEO Rob Shuter will step down when his four-year contract expires next year.

Absa banks on Africa regions as local growth dwindles

Absa banks on Africa regions as local growth dwindles

The banking group has grown full-year earnings thanks to stronger performances from its operations outside the country.

Ascendis battens down the hatches

Ascendis battens down the hatches

The pharmaceuticals group plans to slash costs and sell more businesses as it restructures its balance sheet and reduces debt.

Growthpoint warns of flat 2020 dividend

Growthpoint warns of flat 2020 dividend

The real estate investment trust says growth in its annual dividend will be nominal at best.

Quilter plans odd-lot offer

Quilter plans odd-lot offer

The wealth manager says it will halve its shareholder base, including many Old Mutual policyholders who received shares during its unbundling.

Pepkor warns of COVID-19 stock shortage

Pepkor warns of COVID-19 stock shortage

The effect of the coronavirus has not been significant so far but the retail group says it could affect stock availability later this year.

FirstRand warns of weaker growth

FirstRand warns of weaker growth

The banking group says it is not immune to the serious macroeconomic challenges facing the country, which it is affecting all customer segments.

Vodacom reaches social pact with CompCom

Vodacom reaches social pact with CompCom

The network operator will slash the price of data bundles and provide some free services after the Competition Commission weighed in.

Texton trims debt in challenging environment

Texton trims debt in challenging environment

The real estate investment trust has faced headwinds in SA and the UK and expects its operating environment to remain challenging for now.

Transaction Capital maintains momentum

Transaction Capital maintains momentum

The financial services group says its taxi finance and debt collection services businesses have remained highly defensive in a tough market.

Brimstone opts for capitalisation to conserve cash

Brimstone opts for capitalisation to conserve cash

The group plans to issue additional N shares to investors as it holds onto its cash to reduce debt and make investments.

Tough first half for AVI

Tough first half for AVI

The fast-moving consumer goods group has reported mixed fortunes as South Africans watch their spending.

Merafe underwhelmed with its results

Merafe underwhelmed with its results

The group reported a loss due to lower production, weaker prices and an impairment due to the discount its shares trade at relative to its NAV.

Trellidor trims dividend as weak economy bites

Trellidor trims dividend as weak economy bites

The security gate and shutters group says the weak economy, house price deflation and poor confidence have weighed on sales.

Metrofile increases dividend ahead of takeover

Metrofile increases dividend ahead of takeover

Shareholders will receive the interim dividend on top of the offer price made by the Housatronics Consortium.

Amid the market mayhem, Assore to delist

Amid the market mayhem, Assore to delist

After 70 years on the JSE, the mining holding company says it is more suited to an unlisted environment.

Moody’s cuts Sasol to junk on rising debt

Moody’s cuts Sasol to junk on rising debt

The ratings agency says free cash flows will not materially reduce debt built up following delays and cost overruns at its US chemicals project.

Sanlam warns profit could fall by a quarter

Sanlam warns profit could fall by a quarter

The insurance group says stripping out one-off charges, results for 2019 reflect a sold operational performance.

Capitec primes shareholders for higher earnings

Capitec primes shareholders for higher earnings

The bank expects full-year earnings to be up to 21 percent higher than last year.

Amplats declares force majeure

Amplats declares force majeure

The platinum producer has cut its product target and says it will take over a year to repair a converter that was damaged in an explosion...

Pioneer on track for delisting

Pioneer on track for delisting

The approval of the Competition Tribunal means Pioneer will go ahead with its delisting in just over two weeks.

Standard Bank stifled by economic malaise

Standard Bank stifled by economic malaise

The banking group says its core operations proved resilient despite difficult trading conditions.

Momentum Metropolitan gains traction

Momentum Metropolitan gains traction

Halfway through its Reset and Grow strategy, the insurance group had delivered a double-digit increase in earnings.

STADIO beats prelisting forecasts

STADIO beats prelisting forecasts

The higher education group grew student numbers last year despite a decline in enrolments at Milpark Education.

Santam affected by rising catastrophe claims

Santam affected by rising catastrophe claims

The general insurer has maintained an underwriting margin at the top end of its target range despite higher claims.

Aspen keeping a watch on COVID-19

Aspen keeping a watch on COVID-19

The group says excluding the potential impact of the coronavirus, it has set a strong solid base for its full-year performance.

intu ditches cash call on extreme conditions

intu ditches cash call on extreme conditions

The shopping centre owner says it remains focused on fixing its balance sheet and may sell more properties.

Mpact trims dividend after tough year

Mpact trims dividend after tough year

The group says there has been no impact on sales or supply chains from the coronavirus yet but it is keeping a close watch.

Afrox lifted by healthcare deal

Afrox lifted by healthcare deal

The gases and welding group has reported a big rise in full-year profit thanks it its growing healthcare business.

Grindrod’s new focus yields results

Grindrod’s new focus yields results

The freight, logistics and financial services group is positioning itself for opportunities in key trade corridors in Africa.

Murray’s plan falls into place as orders roll in

Murray’s plan falls into place as orders roll in

The engineering and construction group says its Oil and Gas platform is positioned to become a meaningful contributors to earnings.

Adapt IT rallies as it halts acquisitions

Adapt IT rallies as it halts acquisitions

The software and digital solutions provider is prioritising getting its debt back to targeted levels.

WBHO resumes dividend despite more provisions

WBHO resumes dividend despite more provisions

The construction and infrastructure group has made further provisions as it completes the Western Roads Upgrade project in Australia.

Cashbuild maintains dividend despite tough trading

Cashbuild maintains dividend despite tough trading

The building materials retailer says strong cash flows supported its interim dividend even though earnings declined.

Attacq pays higher dividend

Attacq pays higher dividend

The real estate investment trust says its first-half performance was supported by its SA portfolio and strong dividends from MAS Real Estate.

RBPlat delivers record results

RBPlat delivers record results

The platinum producer says the ramp-up of its Styldrift mine and strong cash flow generation should support future dividends.

Delta and Rebosis fail to agree on merger

Delta and Rebosis fail to agree on merger

The property funds have called off a merger of their businesses for the second time, sending their shares higher yesterday.

Nedbank misses targets as recession bites

Nedbank misses targets as recession bites

The banking group expects earnings for the year ahead to grow in line with the economy plus inflation.

Bidvest still on the lookout for deals

Bidvest still on the lookout for deals

The industrial services group says its debt levels remain comfortable and it will consider strategic investments here and offshore.

RCL’s Master Plans for sugar and chicken

RCL’s Master Plans for sugar and chicken

Industry frameworks are being developed to address challenges local poultry and sugar groups continue to face due to cheap imports imbalances.

Sea Harvest reports a strong 2019 catch

Sea Harvest reports a strong 2019 catch

The group has benefited from acquisitions and improved margins at its SA operations but has warned of weaker abalone sales due to the coronavirus.

MAS Real Estate lifts dividend on strong CEE performance

MAS Real Estate lifts dividend on strong CEE performance

The property investors aims to dispose of the remainder of the Western European property investments by next year.

Datatec may list Logicalis business in Brazil

Datatec may list Logicalis business in Brazil

The ICT solutions and services group has appointed advisors to look into a possible flotation of its Latin American business on the B3 exchange.

Cartrack attracts foreign interest

Cartrack attracts foreign interest

The group says a foreign investor proposes floating a restructured group on a major stock exchange with a secondary listing on the JSE.

Northam buys more prefs as earnings surge

Northam buys more prefs as earnings surge

The platinum producer says it may consider resuming dividends in the medium term after it has de-risked the Zambezi preference share structure.

Diversified portfolio cushions African Rainbow

Diversified portfolio cushions African Rainbow

The commodities group has lifted its interim dividend by a quarter, supported by a strong rise in prices for platinum group metals.

Blue Label returns to a profit after Cell C write-off

Blue Label returns to a profit after Cell C write-off

The group is now focused on improving cash generation, reducing debt and improving returns to shareholders.

Tongaat sells starch unit to Barloworld

Tongaat sells starch unit to Barloworld

The sugar producer and land owner will use the proceeds to reduce debt in line with a financing agreement with its lenders.

CIG makes progress under tough conditions

CIG makes progress under tough conditions

The infrastructure group says although its turnaround will still take some time a solid platform has been established.

BAT smoulders on higher dividend

BAT smoulders on higher dividend

The cigarette maker has grown its share of a declining market and raised prices to compensate for lower volumes.

Coronavirus hits AB InBev's sales in China

Coronavirus hits AB InBev's sales in China

The brewer says the pandemic is likely to result in a 10 percent decline in first-quarter EBITDA, with the impact continuing to evolve.

No dividend as Massmart tackles turnaround

No dividend as Massmart tackles turnaround

The retailer and wholesaler has swung to its full-year loss and is now preparing to rejig its business and close unprofitable stores.

Mondi increases dividend despite a dip in earnings

Mondi increases dividend despite a dip in earnings

The paper and packaging group says it remains highly cash generative and is seeing evidence of pricing stability in certain segments.

Implats reinstates dividends, saves jobs

Implats reinstates dividends, saves jobs

The platinum producer has benefited from a 41 percent rise in the rand price of its metals while sustaining its operating performance.

Coronavirus makes 2020 even tougher for Steinhoff

Coronavirus makes 2020 even tougher for Steinhoff

The furniture manufacturer and retailer says it is taking a number of steps to mitigate against any potential effect of the pandemic.

Grindrod Shipping says coronavirus has disrupted trading patterns

Grindrod Shipping says coronavirus has disrupted trading patterns

The shipping group says the pandemic has shown the high interdependence of all regions and industries due to globalisation.

Motus steers through hazardous conditions

Motus steers through hazardous conditions

The automotive group says the impact of the coronavirus on the production and supply of cars and spare parts is an added risk.

Comair buffeted by strong headwinds

Comair buffeted by strong headwinds

The airline operator has swung to a half-year loss and has suspended dividend payments due to its current financial status.

Capco focused on London’s West End

Capco focused on London’s West End

The London property owner has reported a decline in its property portfolio and net asset value after selling its Earls Court development.

Curro marked down for weaker earnings

Curro marked down for weaker earnings

The private school group says it was affected by its decision to retain learners in a depressed economy, while its interest bill rose.

Shoprite brings in more high-end customers

Shoprite brings in more high-end customers

The retailer is also forming a joint venture with Equites Property Fund to manage and develop a portfolio of logistics properties.

AECI benefits from restructuring

AECI benefits from restructuring

The chemicals and explosives group is taking measures to mitigate the impact of the coronavirus on its African mining operations.

Imperial holds up under deteriorating conditions

Imperial holds up under deteriorating conditions

The logistics group has benefitted from the rationalisation and cost-cutting it implemented last year.

Hammerson rebases dividend on rental pressure

Hammerson rebases dividend on rental pressure

The shopping centre owner has maintained its 2019 dividend but warns that it will come down sharply this year.

Libstar prepares to dish up higher earnings

Libstar prepares to dish up higher earnings

The food group has benefited from margin improvement and a lower interest bill after it used its listing proceeds to reduce debt.

Market bloodbath adds to Sasol’s woes

Market bloodbath adds to Sasol’s woes

The oil and chemicals group has cut its interim dividend as a weaker oil price and costs at its Lake Charles project decimated earnings.

L2D maintains dividend in tough environment

L2D maintains dividend in tough environment

The shopping centre owner says its conservative gearing provides a buffer against the current economic climate.

Tough conditions puts the brakes on Super Group

Tough conditions puts the brakes on Super Group

The logistics and supply chain group says it faced difficulties in all its main operating geographies.

JSE maintains payout in a volatile market

JSE maintains payout in a volatile market

The stock exchange operator says a strong cash position supports its unchanged full-year payout despite lower earnings.

Adapt IT holds back on dividend

Adapt IT holds back on dividend

The software and digital solutions provider is not paying an interim dividend as it reviews its capital structure due to elevated debt.

Blue Label flags a return to profit

Blue Label flags a return to profit

The prepaid products group wrote off its investment in Cell C last year and said it would have no impact on current earnings.

AngloGold shines on higher gold price

AngloGold shines on higher gold price

The gold producer has increased its dividend by more than 50 percent as rising metals prices boosted its cash flow.

NEPI Rockcastle beats guidance with its dividend

NEPI Rockcastle beats guidance with its dividend

The shopping centre owner has benefited from rising rentals as more shoppers visit its centres in Central and Eastern Europe.

Assore hurt by weaker commodity prices

Assore hurt by weaker commodity prices

The mining holding company has cut its dividend by 30 percent after weaker commodity prices resulted in lower annual earnings

Aspen continues to cut debt

Aspen continues to cut debt

The pharmaceuticals group says the recent sale of its Japanese business will bring debt close to its medium-term target.

Aveng to report reduced losses

Aveng to report reduced losses

The engineering and infrastructure group says mining services subsidiary Moolmans turned in a first-half operating profit.

Tongaat sells Umhlanga land to Balwin

Tongaat sells Umhlanga land to Balwin

The sugar producer and KZN and owner is selling assets to reduce debt to levels negotiated as part of a financial arrangement with banks.

Woolies trims dividend after tough period

Woolies trims dividend after tough period

The retailer says it is looking for ways to mitigate the risks associated with the coronavirus at its Australian operations.

Truworths maintains dividend in tough environment

Truworths maintains dividend in tough environment

The retailer has been affected by difficult trading conditions including weak economic growth, load shedding and Brexit uncertainty in the UK.

Anglo benefits from higher iron ore, platinum prices

Anglo benefits from higher iron ore, platinum prices

The diversified mining group has increased its payout by 9 percent following a strong performance from its PGM and iron ore operations.

VitalityLife mars Discovery’s results

VitalityLife mars Discovery’s results

The financial services group says its performance was affected after it mitigated its exposure to low interest rates in the UK.

Amplats appoints new female CEO

Amplats appoints new female CEO

Anglo American head of processing Natascha Viljoen will replace Chris Griffith at the AGM in April.

Stadio rallies on trading statement

Stadio rallies on trading statement

The private tertiary education group says core headline earnings will be up to 29.9 percent higher than the previous year.

Grand Parade to flip its last burger

Grand Parade to flip its last burger

The food and casino investment group will dish out the proceeds from the Burger King sale to shareholders as a special dividend.

Bidcorp adds coronavirus to its challenges

Bidcorp adds coronavirus to its challenges

The global food services group says the unfolding coronavirus pandemic is likely to impact growth prospects in the months ahead.

Dis-Chem claims market-share gains in constrained environment

Dis-Chem claims market-share gains in constrained environment

The discount pharmacy group says the weak macroeconomic environment is unsupportive of business as customers trade down.

Sibanye positioned to resume dividend payouts

Sibanye positioned to resume dividend payouts

The gold and platinum producer is confident it can continue reducing debt after a strike disrupted its operations early last year.

Emira cushioned by offshore expansion

Emira cushioned by offshore expansion

The property fund has rebalanced its portfolio over the past three years, including a bet on US retail property.

Comair going after SAA debt

Comair going after SAA debt

The airline group has now increased the loss allowance for a settlement owed by SAA to the full outstanding amount of R790 million.

Coronavirus fails to derail Kumba dividend

Coronavirus fails to derail Kumba dividend

The group will pay out 92 percent of headline earnings to shareholders after rising iron ore prices boosted earnings.

BHP cautious about coronavirus

BHP cautious about coronavirus

The mining group says unless the virus is contained by the end of March it could affect global commodities demand.

Pan African delivers on strategy despite obstacles

Pan African delivers on strategy despite obstacles

The gold producer says its Evander project achieved on all development milestones, on schedule and budget.

Write-downs push Glencore into a loss

Write-downs push Glencore into a loss

The commodities producer and trader impaired some of its assets following a decline in commodity prices.

KAP Industrial pummelled by polymers

KAP Industrial pummelled by polymers

The diversified industrial group will assess its polymers unit for a possible impairment due to a cyclical downturn.

WBHO flags higher earnings despite Australian losses

WBHO flags higher earnings despite Australian losses

The construction and engineering group says first-half earnings per share are likely to triple.

Merafe prepares investors for a loss

Merafe prepares investors for a loss

The group blames weaker chrome prices and an impairment it raised after its shares traded at a discount to NAV.

Amplats CEO to step down after record year

Amplats CEO to step down after record year

The group has reported record earnings and declared a special dividend helped by buoyant metals prices in a fatality-free year.

Bidcorp to report slowing growth

Bidcorp to report slowing growth

The global food services group says first-half earnings reflect the challenging environment in many of its operational geographies.

Discovery hindered by UK life business

Discovery hindered by UK life business

The financial services group will report a decline in first-half earnings due to a hit at VitalityLife and increased investment spend.

AB InBev goes broader with new BEE scheme

AB InBev goes broader with new BEE scheme

The holding company for the new black economic empowerment scheme will list on the JSE so black investors can trade in its shares.

African Rainbow to present a mixed bag

African Rainbow to present a mixed bag

The diversified mining group says higher earnings from PGM metals and iron ore were offset by weaker results from manganese, nickel and coal.

Mpact to report a loss after impairing mills

Mpact to report a loss after impairing mills

The paper and plastics packaging group raised the impairments due to a weak trading environment and weakness in its share price.

Resilient holds up as Edcon scales back

Resilient holds up as Edcon scales back

The real estate investment trust says distributable income was impacted by its renegotiated rental agreement with the retail group.

Sibanye continues its heady rise

Sibanye continues its heady rise

After a difficult first half, the gold and platinum producer has reported a strong turnaround for its second six months.

AECI flags a rise in profit

AECI flags a rise in profit

After a weaker first-half, the group will report a rise in full-year earnings as the benefits of strategic realignment projects start to emerge.

Blue Label pockets cash for disposals

Blue Label pockets cash for disposals

The prepaid airtime and services group is selling some smaller investments to reduce debt and strengthen its balance sheet.

Adapt IT warns of earnings decline

Adapt IT warns of earnings decline

The IT solutions group has been affected by a difficult trading environment, rising finance costs and new accounting standards.

Gemfields returns to the LSE

Gemfields returns to the LSE

The precious stones miner and marketer has listed on the Alternative Investment Market as it tries to lure more investors.

Mpact reaches settlement with CompCom

Mpact reaches settlement with CompCom

The packaging group maintains that the relationships with the companies it acquired stakes in were above board.

South32 reports lower earnings as prices decline

South32 reports lower earnings as prices decline

The diversified mining group says its operating profit remained strong and it has paid a special dividend due to its robust financial position.

Tongaat plans starch sale

Tongaat plans starch sale

The agricultural processing group is disposing of some assets as it tries to get its debt under control.

Italtile grows earnings in challenging environment

Italtile grows earnings in challenging environment

The tile manufacturer and retailer has continued to open new stores and is piloting a new lighting division.

Comair hits turbulence as costs rise

Comair hits turbulence as costs rise

Recent headwinds include rising operational costs, the grounding of its Boeing MAX 8 aircraft and the SAA business rescue.

Gold Fields back in the money

Gold Fields back in the money

Given its healthy position, the gold producer says it has decided to go ahead with the construction of its Salares Norte project in Chile.

Pioneer takeover gets Commission approval

Pioneer takeover gets Commission approval

The Commission has attached a number of conditions including job retention, investment and an empowerment deal worth at least R1.6 billion.

Harmony buys AngloGold’s last SA mine

Harmony buys AngloGold’s last SA mine

Separately, AngloGold Ashanti said a non-cash impairment charge following the sale of Mponeng would result in flat to lower full-year earnings.

Tiger Brands still under pressure

Tiger Brands still under pressure

The food group says it has made good progress with the disposal of its processed meats business as it prepares investors for lower earnings.

DRDGOLD declares dividend as profit jumps

DRDGOLD declares dividend as profit jumps

The gold mine tailings retreatment specialist benefitted from a 26 percent rise in the gold price as it increased production by a third.

Barloworld monitoring coronavirus

Barloworld monitoring coronavirus

Amid already weak macroeconomic and trading conditions, the group says there is concern over its negative impact on growth and commodity prices.

Harmony profits from higher gold price as output declines

Harmony profits from higher gold price as output declines

The gold producer has lowered full-year production guidance due to grade issues at its Kusasalethu and Moab Khotsong mines.

Ecsponent sinks as it warns of default

Ecsponent sinks as it warns of default

The small cap financial services company says it will not be in a position to redeem preference shares that are due for payment next month.

intu slumps as Link shuns recapitalisation

intu slumps as Link shuns recapitalisation

The shopping centre owner says it remains engaged with shareholders and potential new investors after the Hong Kong REIT withdrew.

Investec Fund grows European logistics exposure

Investec Fund grows European logistics exposure

The property fund has increasing its stake in its Pan European Logistics platform as it takes advantage of growth in e-commerce.

SPAR reports slower growth

SPAR reports slower growth

The retailer and wholesaler has faced challenging conditions in all three of its main geographies as it expands into Poland.

MTN to report higher earnings

MTN to report higher earnings

Full-year results will be distorted by the adoption of new accounting standards and a number of non-operational items.

Northam flags record profit

Northam flags record profit

First-half operating profit likely tripled and the platinum producer has bought more of its Zambezi prefs without increasing its debt ratio.

Investec shareholders back Ninety One listing

Investec shareholders back Ninety One listing

The shareholder vote paves the way for Ninety One to demerge from Investec on 13 March and list three days later.

intu flirts with new cornerstone investor

intu flirts with new cornerstone investor

The debt-laden shopping centre owner says it is in discussions with shareholder Peel Group and and Link REIT to back a cash call.

Super Group slowed down by tough conditions

Super Group slowed down by tough conditions

The logistics and supply chain group has been impacted by the weak local economy and a big decline in German car making.

Brimstone takes control of Obsidian

Brimstone takes control of Obsidian

The transaction fits its strategy of having control or significant influence over its portfolio of unlisted investments.

Workforce wraps up Chartall acquisition

Workforce wraps up Chartall acquisition

The services holding company says its training cluster will make a bigger contribution to future revenue and earnings.

EOH appoints Mthembu as new chair

EOH appoints Mthembu as new chair

The group considered a number of external candidates but Mthembu stood out due to his industry experience and knowledge of the company.

Italtile weathers the tough economy

Italtile weathers the tough economy

The tile manufacturer and retail has managed to grow first-half earnings but has toned down its guidance for the second six months.

Mediclinic wins case for Klerksdorp hospital group

Mediclinic wins case for Klerksdorp hospital group

After the Competition Tribunal upheld a recommendation that the takeover be prohibited, the matter was referred to the Competition Appeal Court.

Net1 expects more losses as it reinvests

Net1 expects more losses as it reinvests

The fintech and payments group will spend some of the proceeds from the sale of its Korean business to grow its SA and European operations.

Pioneer doesn’t expect CMA to delay takeover

Pioneer doesn’t expect CMA to delay takeover

The food group says it is waiting for news from the relevant authorities and will provide more feedback this week.

AMSA slumps to a loss after toughest year

AMSA slumps to a loss after toughest year

The steel producer has faced falling prices for its products, rising input costs and weak demand due to the stagnant local economy.

Implats benefits from higher PGM prices

Implats benefits from higher PGM prices

Its shares fell close to 10 percent at their worse despite it flagging a strong rise in first-half profit.

Gold Fields ends 2019 with a shine

Gold Fields ends 2019 with a shine

The gold producer exceeded its production target while cutting costs and benefitting from a higher gold price.

Higher gold price makes up for lower production at Harmony

Higher gold price makes up for lower production at Harmony

The gold producer will report significantly higher first-half earnings despite a dip in production due to grade issues at two of its SA mines.

AVI gets a lift from Simplot sale

AVI gets a lift from Simplot sale

The consumer goods group says 2020 earnings will be boosted by the sale last year of its interest in the Simplot Australia joint venture.

OneLogix reports lower earnings as volumes decline

OneLogix reports lower earnings as volumes decline

The niche logistics group has reported a big drop in cross-border volumes and expects trading conditions to remain tough.

Steinhoff rally peters out

Steinhoff rally peters out

The embattled retailer has rallied this week following reports that private equity buyers are circling its Pepco Group subsidiary.

Sappi bogged down by weak pulp prices

Sappi bogged down by weak pulp prices

A good performance at its packaging and specialities segment was not enough to make up for the unprecedented fall in DWP prices.

Ascendis on the mend

Ascendis on the mend

The pharmaceuticals business has reported strong international sales and an improvement at some of its SA businesses.

Universal Partners takes Techstream stake

Universal Partners takes Techstream stake

The investment will be the sixth since the company listed on the Alternative Exchange of the JSE in August 2016.

Vodacom prepares for 5G rollout

Vodacom prepares for 5G rollout

The mobile network operator says a roaming agreement with Liquid Telecom means it can launch fifth generation wireless technology this year.

Invicta mulls rights issue

Invicta mulls rights issue

The group is evaluating and undertaking a number of strategic and operational initials including a review of its capital allocation.

City Lodge warns of lower earnings

City Lodge warns of lower earnings

The hotels group says trading conditions have been weak and it has also been impacted by the implementation of new accounting standards.

Glencore benefits from Katanga ramp-up

Glencore benefits from Katanga ramp-up

The commodities producer and trader grew cobalt production by 10 percent as it boosted output at the DRC mine.

Edcon offloads CNA to Astoria

Edcon offloads CNA to Astoria

A consortium majority owned by Astoria Investments plans to refocus CNA as a retailer of books, stationary and magazines.

Tongaat slumps as trading resumes

Tongaat slumps as trading resumes

The decline in its shares will make it more expensive to use equity to pay down its massive debt pile.

RBPlat settles early with Amplats

RBPlat settles early with Amplats

The platinum producer has paid in full for the remaining stake in BRPM that it acquired from Amplats late last year.

Barloworld buys Mongolian Caterpillar dealer

Barloworld buys Mongolian Caterpillar dealer

The earthmoving equipment has bought Wagner Asia Equipment in line with its strategy to allocation capital to opportunities that complement its competencies.

Orion Minerals encouraged by Australian drilling results

Orion Minerals encouraged by Australian drilling results

The Australian minerals explorer says the Fraser Range Belt in Australia bears similarities to the Areachap Minerals Belt in the Northern Cape.

Merafe JV hit by load shedding

Merafe JV hit by load shedding

The decision by Eskom to increase load shedding in December was one of a number of factors leading to lower ferrochrome production.

Sasol prepares investors for earnings fall

Sasol prepares investors for earnings fall

The energy and chemicals group blames lower prices for its products and costs associated with its Lake Charles Chemicals Project in the US.

Ninety One prepares for vote

Ninety One prepares for vote

The asset manager aims to demerge from Investec and list in London and Johannesburg in mid-March.

Tongaat sweetens results with recovery plan

Tongaat sweetens results with recovery plan

The sugar producer and land owner is expected to resume trading of its shares on the JSE after releasing interim results on Friday.

Hudaco calls for urgent action

Hudaco calls for urgent action

The automotive and industrial parts distributor says meaningful action is needed from the government to kickstart the economy.

Momentum Metropolitan winds up Alex Forbes deal

Momentum Metropolitan winds up Alex Forbes deal

The insurance group says the acquisition of AFI will position it in the top three short-term insurers in SA

MC Mining CEO quits

MC Mining CEO quits

CFO Brenda Berlin will take over in an acting capacity as the coal miner continues to secure funding for its Makhado project.

Sasol says Lake Charles continues to kick into gear

Sasol says Lake Charles continues to kick into gear

The chemicals and energy group says the ethoxylates unit at Lake Charles has achieved beneficial operation, ahead of schedule.

Ascendis breaks silence on failed Remedica sale

Ascendis breaks silence on failed Remedica sale

The pharmaceuticals group says it remains committed to deleveraging its balance sheet but will not sell Remedica on the cheap.

DRDGOLD gets the benefit of West Rand tailings

DRDGOLD gets the benefit of West Rand tailings

The tailings retreatment specialist says its interim results include the first period of full production at Far West Gold Recoveries.

EOH makes headway with cost savings

EOH makes headway with cost savings

The technology group says it has continued trimming the fat as trading conditions remain difficult.

Game on for Massmart as it aims for recovery

Game on for Massmart as it aims for recovery

The retail and wholesale giant will collapse its four divisions into two amid a deteriorating performance.

Ellies sells property ahead of results

Ellies sells property ahead of results

The consumer and commercial electronics manufacturer is expected to release its interim results by tomorrow.

Finbond plans to repurchase cheap shares

Finbond plans to repurchase cheap shares

The mutual bank and lender says buying back undervalued shares makes good use of its excess liquidity.

Renergen misses equity-raise target

Renergen misses equity-raise target

The emerging gas and helium producer says it is happy with the support it received and now owns 100 percent of its Virginia Gas Project.

Insider takes top position at Tiger

Insider takes top position at Tiger

Noel Doyle will have to deal with the sale of Enterprise Foods and a class action lawsuit following the 2017 listeriosis outbreak.

Tongaat ready to trade again

Tongaat ready to trade again

The sugar producer and land owner says its suspension may be lifted next week, giving investors time to absorb its latest financials.

intu sells another centre

intu sells another centre

The shopping centre owner is disposing of assets and planning a rights issue as it tries to get its balance sheet in order.

Blue Label punished as Cell C defaults

Blue Label punished as Cell C defaults

The decline came despite a debt standstill and after Blue Label impaired its investment in the mobile network operator.

Amplats flags bumper earnings

Amplats flags bumper earnings

The platinum producer will report headline earnings up to two-and-a-half times higher than 2018 thanks to stronger PGM prices.

Diversification pays off for Lewis

Diversification pays off for Lewis

The furniture and appliance retailer says strong Black Friday sales helped boost revenue as it extends its focus.

Spur deals with economic reality

Spur deals with economic reality

The restaurant group says conditions have been challenging due to the weak economy, rising unemployment and increasing costs.

Woolworths marks down earnings

Woolworths marks down earnings

Strong food sales stood out in a tough period for clothing and homeware and continued difficult conditions in Australia.

Sasol takes Amaglug-glug to A2X

Sasol takes Amaglug-glug to A2X

The petrochemicals group says the secondary listing is aimed at increasing value for shareholders and providing more trading options.

Investec fund reduces SA exposure

Investec fund reduces SA exposure

Investec Property Fund has sold two SA malls which will provide further funding capacity for its growing European logistics portfolio.

Net1 offloads Korean firm to focus on core strategy

Net1 offloads Korean firm to focus on core strategy

The group said KSNET was not reflected in its overall value as it sold it for more than its current market capitalisation.

Pembury addresses CEO, governance concerns

Pembury addresses CEO, governance concerns

The private schools group says its CEO is resisting after being placed on temporary leave as it investigates various concerns.

Sasol claims limited damage at Lake Charles

Sasol claims limited damage at Lake Charles

The petrochemicals group says an explosion a fortnight ago only affected one unit at the US chemicals project.

Pepkor held back by late start to school year

Pepkor held back by late start to school year

The late start to the school year meant many parents put off buying new uniforms until January.

Pan African on track to meet guidance

Pan African on track to meet guidance

Despite electricity constraints and unrest at Barberton Mines, the gold producer is more than half-way towards its target.

Bowler Metcalf recovers from plastics strike

Bowler Metcalf recovers from plastics strike

The plastics manufacturer says its trading results have been restored after a crippling strike in the plastics sector last year.

Reinet gets go-ahead to broaden mandate

Reinet gets go-ahead to broaden mandate

The investment group now has the scope to increase its exposure to certain key assets in the long-term interest of shareholders.

AMSA to report loss as it cuts jobs

AMSA to report loss as it cuts jobs

The steel producer says 2019 was the most challenging year for the world steel industry since the global financial crisis.

Clicks continues healthy performance

Clicks continues healthy performance

The pharmacy, health and beauty retailer credits a resilient brand and defensive offering for cash-strapped consumers.

AVI to report reduced profit after tough first half

AVI to report reduced profit after tough first half

The consumer goods group says stronger operating profit from its food and beverages was offset by a decline in its personal and footwear brands.

Anglo meets targets on mixed performance

Anglo meets targets on mixed performance

The diversified mining group benefited from increased PGM output and the continued ramp up of its Minas-Rio iron ore mine in Brazil.

Shoprite keeps the tills ringing

Shoprite keeps the tills ringing

The supermarket group has reported strong first-half sales despite the impact of load shedding and currency depreciation in some markets.

Naspers sells Prosus shares worth R24 billion

Naspers sells Prosus shares worth R24 billion

Naspers says increasing the Prosus free float will allow more investors to get exposure to the largest European consumer internet stock by value.

Europa Metals to stop drilling while it regroups

Europa Metals to stop drilling while it regroups

For the time being, the metals exploration company says it sees limited additional incremental value from continued drilling.

BAT recovery boosts Reinet

BAT recovery boosts Reinet

The net asset value of the Reinet Fund has been supported by an improvement in its holding in British American Tobacco.

Equites lines up more logistics tenants

Equites lines up more logistics tenants

The real estate investment trust is developing a number of properties in SA and the UK for blue chip tenants.

Renergen raises cash as gas project progresses

Renergen raises cash as gas project progresses

The emerging helium producer will use the cash to fund the additional stake in Tetra4, the holder of the production rights.

Brait prices rights issue at deep discount

Brait prices rights issue at deep discount

The investment group plans to use the proceeds to reduce debt as it prepares to realise value from its portfolio of investments.

BHP maintains production targets despite bushfires

BHP maintains production targets despite bushfires

The diversified miner says first-half output at its energy coal operation was impacted by the fires as well as a focus on higher quality products.

Redefine sells stake in European portfolio

Redefine sells stake in European portfolio

The real estate investment trust says the deal fits its strategy of enhancing its Polish logistics portfolio while improving its loan-to-value.

Sephaku cements rights issue

Sephaku cements rights issue

The cement producer says net proceeds from the rights issue will be used to ensure compliance with debt covenants imposed by its lenders.

Comair announces revamped board

Comair announces revamped board

A number of new directors have boarded the airline after it was accused of poor governance due to the independence of some previous members.

intu confirms cash call to sort out debt

intu confirms cash call to sort out debt

The shopping centre owner has been affected by a number of retailers entering company voluntary arrangements due to the weak retail environment

Sirius shareholders urged to back Anglo bid

Sirius shareholders urged to back Anglo bid

The fertiliser development company says given its current cash constraints it was left with no alternative but to recommend the offer.

Merafe negotiates job cuts at loss-making smelter

Merafe negotiates job cuts at loss-making smelter

The Rustenburg smelter has suffered material financial losses despite investment aimed at making the operation more competitive.

Equites to develop new Pepkor hub

Equites to develop new Pepkor hub

The logistics-focused property fund is building a new KwaZulu-Natal warehouse for the retail giant.

Mr Price disappoints with sales growth

Mr Price disappoints with sales growth

Following strong November sales thanks to Black Friday, December sales were affected by load shedding and bad weather.

Record Black Friday sales for TFG

Record Black Friday sales for TFG

The retailer says its SA and Australian operations held up well, while UK sales continued to be impacted by Brexit uncertainty.

Richemont grows sales despite Hong Kong protests

Richemont grows sales despite Hong Kong protests

Stronger sales in Europe, the US, China and Korea more than compensated from a marked contraction in Hong Kong.

Life Healthcare CEO quits for Australia

Life Healthcare CEO quits for Australia

Chief financial officer Pieter van der Westhuizen has been made acting CEO while the private hospital group searches for a successor.

Gemfields aims for Valentine’s listing

Gemfields aims for Valentine’s listing

The coloured gemstones group says its shares will start trading on 14 February as it strives to grow its investor base.

Delta sells Grit shares to cut debt

Delta sells Grit shares to cut debt

The property fund used the proceeds from the transaction to settle debt facilities with Investec Bank.

Sibanye-Stillwater curbs Marikana job losses

Sibanye-Stillwater curbs Marikana job losses

The gold and platinum producer has found job opportunities for some workers at other operations.

ISA slumps on Check Point demotion

ISA slumps on Check Point demotion

The IT security specialist has been demoted from the highest to the lowest reseller ranking in a move that will reduce group turnover.

Vivo caught up in Moroccan fuel probe

Vivo caught up in Moroccan fuel probe

Competition authorities are reviewing the Moroccan fuel retailing industry, including Vivo as a Shell licensee in that country.

South32 reduces coal production ahead of SAEC sale

South32 reduces coal production ahead of SAEC sale

The diversified miner expects the sale of SA Energy Coal to close in the second half of the calendar year.

Phumelela aims for resolution on betting levy

Phumelela aims for resolution on betting levy

The horse racing and sports betting group says it may also sell an equity stake to black empowerment partners.

Black Friday bodes well for retailers

Black Friday bodes well for retailers

Retail sales rose more than expected in November as consumers took advantage of specials for early Christmas shopping.

New Frontier expects UK uncertainty to continue

New Frontier expects UK uncertainty to continue

The shopping centre owner has breached covenants with its banks due to a decline in the value of its properties.

Truworths has tough time at Office

Truworths has tough time at Office

A decrease in sales at the chain of UK shoe shops has detracted from positive growth at Truworths Africa.

Listless economy puts the brakes on OneLogix

Listless economy puts the brakes on OneLogix

The specialist logistics group has warned of a sharp decline in first-half earnings as pricing and volumes comes under pressure.

Levis man a better fit for Woolies as Moir steps aside

Levis man a better fit for Woolies as Moir steps aside

Roy Bagattini, who has spearheaded the turnaround of several companies, will take over as CEO in the middle of next month.

Landlords claim limited exposure to DionWired

Landlords claim limited exposure to DionWired

Massmart has plans to close as many as 23 of its DionWired stores as part of a turnaround plan for the retail and wholesale group.

Ethos to go ahead with rights issue for Brait investment

Ethos to go ahead with rights issue for Brait investment

Ethos will use the proceeds of its capital raise to help fund its participation in a rights issue Brait has planned.

Pembury on the lookout for a new FD

Pembury on the lookout for a new FD

The group is selling its loss-making retirement villages operation to help secure the long-term future of the remainder of its business.

New Frontier sells mall to reduce debt

New Frontier sells mall to reduce debt

The shopping centre owners says the sale is in line with its strategy to dispose of property to reduce its loan to value ratio.

RDI on track with disposals

RDI on track with disposals

The real estate investment trust plans to reduce its exposure to the retail sector while strengthening its balance sheet.

Massmart plans to slash stores and staff

Massmart plans to slash stores and staff

Dion-Wired and some of its Masscash stores will be affected as the retail and wholesale group culls unprofitable units to restore earnings.

RECM gobbles up Astoria

RECM gobbles up Astoria

A number of minority shareholders have taken up a mandatory offer that was triggered as RAC built its stake in the investment firm.

Tharisa holds up despite load shedding

Tharisa holds up despite load shedding

The platinum and chrome producer has maintained full-year production guidance despite a number of obstacles as the year got underway.

Less taxing times for MTN Nigeria

Less taxing times for MTN Nigeria

Shares rallied after the Attorney General withdrew a letter of demand for billions of dollars in back taxes.

RMI feels the heat from Australian blaze

RMI feels the heat from Australian blaze

Subsidiary OUTsurance owns Australian insurer Youi, which is counting the cost of the devastation.

Sibanye-Stillwater takes control of DRDGOLD

Sibanye-Stillwater takes control of DRDGOLD

DRDGOLD will use the cash for the additional stake to fund the second phase of its West Rand tailings project.

Prosus left hungry in food delivery eat off

Prosus left hungry in food delivery eat off

Rival bidder Takeaway.com will now merge with the UK food delivery group to create the biggest food delivery platform outside China.

Shareholders back Rolfes buyout

Shareholders back Rolfes buyout

Private equity firm Phatisa will become part-owner of the specialty chemicals group as it prepares to delist from the JSE.

Comair loses altitude as Van Hoven quits

Comair loses altitude as Van Hoven quits

The former Comair chair occupied a board position since 1993 and had an intimate knowledge of the alpine and the aviation industry.

Aveng not taking Leonardo termination lying down

Aveng not taking Leonardo termination lying down

The construction group says it is considering its position and taking advice after Legacy Group moved to terminate its contract for the Joburg skyscraper.

Anglo makes a play for UK fertiliser miner

Anglo makes a play for UK fertiliser miner

Sirius Minerals is developing what may be the biggest deposit of polyhalite in the world but needs more cash.

ELB plans restructuring, possible disposal

ELB plans restructuring, possible disposal

The group plans to focus on its African equipment distribution business and rejig its engineering operation.

More Comair directors disembark

More Comair directors disembark

Recently-appointed chair Lindsay Ralphs has promised a shake-up of the board of directors due to the perceived lack of independence.

RMH and Remgro ponder FirstRand unbundling

RMH and Remgro ponder FirstRand unbundling

The investment holding companies plan to distribute their holdings in FirstRand to shareholders, while Remgro will also distribute its RMB stake.

Absa makes Mminele CEO

Absa makes Mminele CEO

The former SARB deputy governor will become the first black CEO at the bank.

Sirius deploys more of its acquisition war chest

Sirius deploys more of its acquisition war chest

The German business park operator says the last month has been particularly successful on the acquisitions front.

EOH mourns death of chair Xolani Mkhwanazi

EOH mourns death of chair Xolani Mkhwanazi

The EOH chair was appointed last year as the group tried to mend its reputation following allegations of poor corporate governance.

BAT back in flavour with new vape guidance

BAT back in flavour with new vape guidance

New US regulations are aimed at reducing the appeal of vaping to the youth market while providing a non-tobacco alternative for adult smokers.

Grindrod Shipping close to deal

Grindrod Shipping close to deal

The shipping group remains in talks with lenders to provide it with the capital it needs to acquire an additional stake in IVS Bulk.

Day 1 for new Nampak CEO as De Ruyter packs up

Day 1 for new Nampak CEO as De Ruyter packs up

Former Bevcan executive Erik Smuts assumes the role slightly early after its previous CEO left to tend to the Eskom generation crisis.

MTN rings in the New Year with mixed tidings

MTN rings in the New Year with mixed tidings

The network operator says it is making progress with its R15 billion asset realisation programme but faces a lawsuit over alleged bribes.

AngloGold streamlines portfolio with Sadiola sale

AngloGold streamlines portfolio with Sadiola sale

The mine in Mali is one of three the gold producer had earmarked for disposal.

intu sells Spanish centre to cut debt

intu sells Spanish centre to cut debt

The shopping centre owner is also in advanced talks to sell another centre as it fixes its balance sheet.

Anglo reaches Minas-Rio milestone

Anglo reaches Minas-Rio milestone

The diversified miner has received the final operating licence it needs for the tailings facility at its Brazilian iron ore mine.

Sebata hit by slowdown in government work

Sebata hit by slowdown in government work

The ICT company says public sector spending is under scrutiny as the government tries to reverse endemic corruption.

Prosus bruised in Just Eat food fight

Prosus bruised in Just Eat food fight

Just Eat continues to recommend that shareholders accept the Takeaway.com offer as it gains more acceptances.

PSG sells Alaris stake to Tadvest

PSG sells Alaris stake to Tadvest

The investment group says the disposal is in line with its strategy to focus on core investments and to hold controlling interests.

Glencore’s Katanga buys land for tailings facility

Glencore’s Katanga buys land for tailings facility

The land will help Kamoto Copper Company operate its mines, facilities and infrastructure more efficiently.

Weak trading weighs on JSE earnings

Weak trading weighs on JSE earnings

Once-off charges and a decline in trading activity will leave earnings up to 26 percent lower this year.

Ascendis reports healthy Remedica sales

Ascendis reports healthy Remedica sales

Share in the pharmaceuticals group have tumbled further despite strong growth at Remedica, which has been marked for sale.

AngloGold pours first gold at Obuasi

AngloGold pours first gold at Obuasi

The gold producer expects to produce gold at an annual run-rate of 350,000 to 400,000 ounces a year for the next 10 years.

Prosus and Takeaway.com vie for Just Eat

Prosus and Takeaway.com vie for Just Eat

Both companies say higher offers made yesterday are final and Just Eat shareholders have until 10 January to make up their minds.

Gemfields gets export duty reprieve

Gemfields gets export duty reprieve

The additional tax place it at a disadvantage to Colombia and Brazil, which have no export duty and low mineral royalties.

Bidvest in talks

Bidvest in talks

The industrial services group says it is in negotiations that could affect the price of its shares if they are successfully concluded.

Stefanutti obtains more funding

Stefanutti obtains more funding

The construction group has received a third tranche of funds and says it is exploring longer term cost-effective funding solutions.

Europa Metals encouraged by Toral testwork

Europa Metals encouraged by Toral testwork

An independent metallurgical report shows saleable concentrate quality of the lead, zinc and silver, with good grades reported for each concentrate.

Kibo says cheap shares present a buying opportunity

Kibo says cheap shares present a buying opportunity

The energy company says its shares are undervalued by about 80 percent relative to its net asset value.

NEPI Rockcastle gets more firepower

NEPI Rockcastle gets more firepower

The Central and Eastern European shopping centre owner has signed a new revolving credit facility which will help fund growth.

Stenprop sells German property

Stenprop sells German property

The property investor is channeling the proceeds from asset sales into its growing portfolio of multi-let industrial properties in the UK.

Jonas takes the chair at MTN as Nhleko bows out

Jonas takes the chair at MTN as Nhleko bows out

The former deputy finance minister has been a non-executive director since June last year.

Ascendis slumps as Remedica sale falters

Ascendis slumps as Remedica sale falters

The group says it will still try and sell the business but only at a price that reflects its market value.

Sasol finally cracks it at Lake Charles

Sasol finally cracks it at Lake Charles

The oil and chemicals group says its ethane cracker is now producing at 85 to 90 percent of capacity after it took steps to fix it.

Renergen lifted by gas discovery

Renergen lifted by gas discovery

The company has invited proposals from interested parties on gas fired power solutions as well as those looking to receive power in the Free State.

Healthcare contract buoys Afrox

Healthcare contract buoys Afrox

The gases and welding group will report a big rise in full-year profit thanks it its growing healthcare business.

NEPI Rockcastle sells Romanian offices

NEPI Rockcastle sells Romanian offices

The Central and Eastern European landlord says it will use the proceeds to fund its pipeline of acquisitions as it grows its retail exposure.

Kore Potash on track with DX project

Kore Potash on track with DX project

The potash exploration and development company says there is potential to reduce capital and operating costs for the project.

Taste in talks with potential Domino’s buyers

Taste in talks with potential Domino’s buyers

The group says it will focus on growing and expanding its luxury goods brands once it has sold its remaining food interests.

EOH beats target with Afrocentric deal

EOH beats target with Afrocentric deal

The disposal means EOH has passed its targeted asset sales this year as it reduces debt.

Nampak offloads Plastics Europe

Nampak offloads Plastics Europe

The packaging group has not disclosed the sale price but says the transaction will remove the pension fund liability from its balance sheet.

Rebosis at odds over property values

Rebosis at odds over property values

The real estate investment trust says its auditors have given a qualified opinion after coming up with a lower value for its properties.

Northam strikes five-year wage deal

Northam strikes five-year wage deal

The agreement at Booysendal provides for continuity, certainty and allows all stakeholders to focus on the sustainability of the business going forward.

Implats finalises Canadian acquisition

Implats finalises Canadian acquisition

The platinum producer has merged its Canadian assets into Impala Canada, which will be lead by former NAP CFO Tim Hill.

Kibo signs accord to help roll out UK power projects

Kibo signs accord to help roll out UK power projects

The group plans to develop and operate a portfolio of small-scale reserve power generation projects in the UK.

MTN defends data pricing

MTN defends data pricing

The network operator says while there is work to be done on price transformation it needs more spectrum to carry traffic cost effectively.

Investec fund grows European logistics exposure

Investec fund grows European logistics exposure

European logistics have been the top performer for the Investec Property Fund on a risk-adjusted basis over the last 18 months.

Mediclinic maintains healthy growth

Mediclinic maintains healthy growth

The private healthcare group says full-year revenue is likely to rise by about 6.5 percent and profit margins will be in line with guidance.

Metair batteries spark interest

Metair batteries spark interest

The battery and automotive components group says it has also had an unsolicited approach for its Turkish operation.

Italtile confident it can improve sales

Italtile confident it can improve sales

The tile manufacturer and retailer has reported a small improvement in retail turnover and expects its second half to be better.

Tongaat to remain suspended for now

Tongaat to remain suspended for now

The sugar producer and land owner wants investors to have a clearer view of its most recent performance before its shares start trading again.

Bell grows black ownership

Bell grows black ownership

The group has increased black ownership of two large SA divisions to a majority in a top-up transaction.

Rights issue to dilute loss from Taste

Rights issue to dilute loss from Taste

The investment group issued over a billion new shares earlier this year to shore up its operations.

African Phoenix grows NAV

African Phoenix grows NAV

The investment group has reported a sharp rise in its net asset value but a full-year loss as it restructures its business.

Prosus crosses first Just Eat hurdle

Prosus crosses first Just Eat hurdle

The Spanish Markets and Competition Commission has cleared the acquisition of Just Eat shares by Prosus subsidiary MIH Food Delivery Holdings.

No sweeteners in Tongaat results

No sweeteners in Tongaat results

Auditors Deloitte and Touche have raised concern about its ability to continue as a going concern.

Amplats warns of cost impact of load shedding

Amplats warns of cost impact of load shedding

The platinum producer says power outages make it even more likely it will miss its cost guidance this year.

Anglo geared for higher production

Anglo geared for higher production

While the diversified miner is targeting a strong rise in production, it has trimmed its short-term guidance for diamonds, coal and iron ore.

Load shedding poses threat to Merafe

Load shedding poses threat to Merafe

The company says the power outages threaten the future viability of some of its operations and the wider ferroalloys sector.

Harmony keeps workers above ground

Harmony keeps workers above ground

The gold producer says it will resume underground shifts once it has the assurance of reliable power supply.

Prosus to dish up more for Just Eat

Prosus to dish up more for Just Eat

Increasing its offer provided Just Eat shareholders with compelling value and a good reason to accept its all cash offer.

New CEO for Stadio as it continues expansion

New CEO for Stadio as it continues expansion

The tertiary education group says Southern Business School CEO Chris Vorster will replace Chris van der Merwe as it buys out minorities in the school.

New strategy takes shape at Alexander Forbes

New strategy takes shape at Alexander Forbes

The financial services group is wrapping up the sale of its insurance businesses as it prepares to expand its employee benefits operation.

Sibanye-Stillwater sets date for new listing

Sibanye-Stillwater sets date for new listing

The current corporate structure has the SA gold assets at holding company level and platinum assets as subsidiaries.

Conduit swaps Constantia for stake in Trustco business

Conduit swaps Constantia for stake in Trustco business

The investment company says shareholders will benefit from a stake in a larger and more diversified financial services group.

Metrofile unveils private equity buyout deal

Metrofile unveils private equity buyout deal

If the offer proceeds, shareholders will receive R3.30 per share as well as the rights to an interim dividend if it pays one.

African Rainbow banks on Tyme

African Rainbow banks on Tyme

The investment group is making good progress with TymeBank and data network operator rain but Kropz still faces challenges.

Aveng disposal falls through

Aveng disposal falls through

The engineering and construction group says it is exploring alternatives after a deal to sell its Grinaker-LTA Ground Engineering business could not proceed.

Kore Potash issues shares to buy drill rigs

Kore Potash issues shares to buy drill rigs

The fertiliser company says the acquisition is in line with its strategy to fund its development plans cost effectively.

Kibo passes first stage of Botswana restructuring

Kibo passes first stage of Botswana restructuring

The group will own a smaller stake of a larger asset following a series of agreements with Shumba Energy.

Growthpoint wraps up Capital and Regional deal

Growthpoint wraps up Capital and Regional deal

New shares issued to Growthpoint will start trading on the JSE and LSE this morning.

Comair to pursue SAA settlement

Comair to pursue SAA settlement

The airline says it does not know what will happen with its settlement after the state-owned carrier was placed into business rescue.

ELB replaces its CEO

ELB replaces its CEO

Charles Pettit heads up Apex Partners, which has built up a stake in the engineering and capital equipment supplier.

Glencore probed by SFO for bribery

Glencore probed by SFO for bribery

The anti-fraud body says it is looking into the conduct by the Glencore group of companies, its officials, employees, agents and associated person.

WG Wearne sells quarry to CIG

WG Wearne sells quarry to CIG

The Wearne quarry sits adjacent to Drift Supersand, a subsidiary of Consolidated Infrastructure Group.

Europa Metals completes first drill

Europa Metals completes first drill

The minerals explorer expects to receive the results of an independent metallurgical report on its Toral project by the end of the year.

Sygnia grows assets in a tough market

Sygnia grows assets in a tough market

The fund manager has bucked the trend in a shrinking institutional savings market as the economy stagnate and retrenchments rise.

Accelerate trims distribution

Accelerate trims distribution

The property fund has maintained full-year guidance as it pays down debt incurred to grow its stake in the Fourways mall.

Sanlam maintains growth in challenging environment

Sanlam maintains growth in challenging environment

The group has benefited from last year’s acquisition of the remaining stake in Morocco’s Saham Finances.

Bell impacted by SA slowdown

Bell impacted by SA slowdown

The group blames weaker demand, particularly in its home market, and a rising interest bill due to higher inventory levels.

Grand Parade loses taste for Burger King

Grand Parade loses taste for Burger King

The investment group plans to divest from the US burger chain that it has spent the past six years building up.

Choppies finds buyers for SA stores

Choppies finds buyers for SA stores

The Botswana-based retailer is selling its SA operations for R1 and outstanding debt.

Orion attracts investor interest

Orion attracts investor interest

The minerals explorer says potential equity partners have indicated interest in taking stakes in its miner operating subsidiary companies.

Curro expands Gauteng presence

Curro expands Gauteng presence

The private education group has bought a school and two pre-schools in deals that it says are not material but are strategic.

Grindrod Shipping buys more time for IVS deal

Grindrod Shipping buys more time for IVS deal

The shipping group is also in talks with lenders to provide it with the capital it needs to acquire an additional stake in IVS Bulk.

New Frontier Properties to stay listed for now

New Frontier Properties to stay listed for now

The struggling property fund says its lenders want it to remain a listed entity as it repays debt through property disposals.

Cash flush Capco goes shopping

Cash flush Capco goes shopping

The Covent Garden landlord says a strong balance sheet and financial flexibility position it to capitalise on investment opportunities.

Trencor to list Textainer next week

Trencor to list Textainer next week

Shareholders will receive shares in the container group as a distribution in specie following its inward listing on the JSE.

Vukile positive on dividend growth

Vukile positive on dividend growth

The real estate investment trust now generates close to half its earnings from Spain, where it is well placed to deliver sustainable returns.

CIG close to debt deal after tough year

CIG close to debt deal after tough year

The power and energy infrastructure group is trying to reduce interest-bearing debt following a recapitalisation earlier this year

Taste wraps up food disposals

Taste wraps up food disposals

The group is exiting its food brand franchise businesses and will focus on luxury goods after failing to raise capital for expansion.

Sirius buys new business park

Sirius buys new business park

The Germany property owner will fund the deal with a mixture of debt and the proceeds from recent disposals.

Cell C hangs up on Telkom

Cell C hangs up on Telkom

The struggling mobile network operator has spurned a potential takeover by its rival.

Investec sets date for asset management listing

Investec sets date for asset management listing

Investec plans to sell a stake in Ninety One in a secondary cash placing when it lists in the middle of March.

Phumelela raises red flag on horse racing

Phumelela raises red flag on horse racing

The group says horse racing is at an unenviable juncture and that a more equitable funding dispensation is needed for the sport to survive.

Tongaat to pursue executives for fraud

Tongaat to pursue executives for fraud

A probe has found that some senior executives fiddled the books at the sugar producer and land owner, resulting in an overstatement of profit.

Stefanutti denies impropriety in social investment

Stefanutti denies impropriety in social investment

The construction group says it was an unwitting contributor to what may have been a slush fund for the benefit of certain Eskom executives.

L2D attracts new tenants

L2D attracts new tenants

The property fund says initiates taken to engage customers at its shopping centres have resulted in trading density growth.

Tharisa’s profit dented as output declines

Tharisa’s profit dented as output declines

Production was curtailed as the group redesigned the mining operation as chrome concentrate prices declined.

Better harvest for Kaap Agri

Better harvest for Kaap Agri

The agricultural group credits its ongoing diversification, growth strategy and resilience for an improvement in earnings.

Troubles mount at Stefanutti Stocks

Troubles mount at Stefanutti Stocks

The construction group has raised funding requirements as it battles to get payment from some clients.

Quantum’s eggs aren't all in one basket

Quantum’s eggs aren't all in one basket

The group says investment in its less cyclical feeds, farming and other African business should cushion the impact of weak egg prices.

Murray on track with strategic plan

Murray on track with strategic plan

Its total order book has swelled to R54.8 million after US subsidiary Clough won a large petrochemical project.

Ethos to drive Brait’s new strategy

Ethos to drive Brait’s new strategy

Ethos will become the new strategic equity partner and advisor to the investment group as it prepares for a R5.25 billion rights issue.

Woolworths steals a march on grocery rivals

Woolworths steals a march on grocery rivals

While SA sales are showing a continued improvement, its operations in Australia remain challenging.

Nampak at a loss over Zimbabwe devaluation

Nampak at a loss over Zimbabwe devaluation

The packaging group has been impacted by a decline in the value of the Zimbabwe currency that left it with a massive devaluation loss.

BAT still smoking despite tougher regulations

BAT still smoking despite tougher regulations

The cigarette and nicotine replacement manufacturer says it is on track for a strong year as it delivers on its priorities.

Arrowhead holds up in tough environment

Arrowhead holds up in tough environment

The REIT says distributable income next year will be negatively impacted by its listed investment and a major tenant failure.

Omnia reveals green shoots

Omnia reveals green shoots

A turnaround at the chemicals, fertilizer and explosives group is gaining traction following its recent rights issue.

Transaction Capital accelerating growth

Transaction Capital accelerating growth

The financial services company plans to grow organically as well as through earnings accretive acquisitions.

Wescoal optimistic about a better second half

Wescoal optimistic about a better second half

The coal producer faced a number of operational challenges in the first half of its financial year, leaving it with a loss.

Great year all round, says Purple Group

Great year all round, says Purple Group

The EasyEquities owner has narrowed its losses thanks to cost control and a big increase in revenue from the online investment platform.

Implats close to wrapping up palladium deal

Implats close to wrapping up palladium deal

Buying North American Palladium will provide geographical diversification and increased palladium exposure.

Advanced Health sells stake in Australian unit

Advanced Health sells stake in Australian unit

The day hospital operator is selling a quarter of Presmed Australia to management and doctors.

Sasol ready to gear up as Lake Charles ramps up

Sasol ready to gear up as Lake Charles ramps up

The oil and chemicals group has also warned of a decline in first-half earnings.

Pepkor closes up shop in Zimbabwe

Pepkor closes up shop in Zimbabwe

The mass-market retailer has impaired The Building Company and closed up shop in Zimbabwe after incurring a loss from its operations there.

Invicta holds dividend as it reduces debt

Invicta holds dividend as it reduces debt

Gearing at the engineering and capital equipment group has increased following a tax settlement with SARS in 2018.

Zimbabwe weighs heavily on Nampak

Zimbabwe weighs heavily on Nampak

The packaging group will report a loss from total operations due to foreign exchange losses in Zimbabwe and higher tax in Angola.

Sirius prepares for more acquisitions

Sirius prepares for more acquisitions

The German real estate investor says it will either buy assets using its own balance sheet or through its joint venture with AXA.

enX’s earnings halve in a tough year

enX’s earnings halve in a tough year

The industrial group says its priority is to turn around underperforming businesses following the disposal of its fleet management unit to Bidvest.

Stenprop on track with MLI strategy

Stenprop on track with MLI strategy

The real estate investment trust is bringing more of its German properties to market as it focuses on the UK industrial sector.

Tiger Brands hurt by lingering impact of listeriosis

Tiger Brands hurt by lingering impact of listeriosis

Full-year earnings have declined following a slower than expected recovery at its processed meats division and a challenging trading environment.

Security pushes CSG into a loss

Security pushes CSG into a loss

The services group says an aggressive turnaround plan under a new CEO should turn its security business around.

Naspers and Prosus focus on food delivery

Naspers and Prosus focus on food delivery

The groups say they plan to grow investments in food delivery as it is a sector that can be transformed by technology.

Alex Forbes to report a return to profit

Alex Forbes to report a return to profit

Interim results last year were impacted by a software write-off and a penalty for terminating an IT contract.

Lower chrome price tarnishes Tharisa’s earnings

Lower chrome price tarnishes Tharisa’s earnings

The company will report a drop in full-year earnings after missing its production targets and fetching a lower price for its chrome concentrate.

Clothing constrains Mr Price

Clothing constrains Mr Price

The retailer was left with too much inventory in its stores last winter, resulting in bigger markdowns and lower sales of full-priced clothing.

Investec held back by UK bank

Investec held back by UK bank

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

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

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

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

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

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

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

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

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.

Hosken flags lower profit

Hosken flags lower profit

The black empowerment investment holding company says its results were affected by impairments and equity losses.

Omnia flags a return to profit

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

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

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

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

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

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

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 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

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

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

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

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

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.

Steinhoff beds down UK sale

Steinhoff beds down UK sale

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

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

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

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

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

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

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

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

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

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.

SPAR comes up on TOPS

SPAR comes up on TOPS

The retail and wholesale group has grown earnings in a tough environment in all its geographies.

Offshore growth boosts Investec Property Fund

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

Peregrine cushioned by Citadel

The financial services group says its businesses have been affected differently by current economic conditions.

Indluplace warns of lower distribution

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.

South32 strikes SA coal deal

South32 strikes SA coal deal

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

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

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.

MC Mining gets Generaal right

MC Mining gets Generaal right

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 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

AngloGold closer to exiting SA

The gold producer says due diligence by prospective buyers of its Mponeng mine is complete.

No golden egg from Astral

No golden egg from Astral

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

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

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.

AB InBev loses its froth

AB InBev loses its froth

After a tough third quarter, the brewer expects only moderate group in EBITDA this year.

Stenprop benefits from demand for multi-lets

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

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

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

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

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.

Clicks in fine health

Clicks in fine health

Market share gains have helped the pharmacy, health and beauty retailer deliver double-digit earnings growth.

Altron on track with 2022 goals

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

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

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

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

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

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.

Distell in reasonable spirits

Distell in reasonable spirits

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

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

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.

Pick n Pay rallies on results

Pick n Pay rallies on results

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

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.

CMH overtakes the market

CMH overtakes the market

The automotive group has managed to grow earnings in a declining market for new and used vehicles.

Ascendis continues its descent

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

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

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

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

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.

Candy gets sweet on Capco

Candy gets sweet on Capco

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

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

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

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

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

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

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

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

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

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 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

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

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.

Mediclinic in better health

Mediclinic in better health

The private hospitals group has stabilised Hirslanden in Switzerland while its SA and Middle East operations have met expectations.

RBPlat cashes in on gold

RBPlat cashes in on gold

The platinum producer will strengthen its balance sheet with the cash it gets for selling gold upfront.

Invicta flags big rise in earnings

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.

Safari scuppers Comprop deal

Safari scuppers Comprop deal

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Vunani brushes off profit decline

The group is looking for acquisitions to expand its diversified financial services offering.

EOH softens earnings blow

EOH softens earnings blow

The group says its headline loss from continuing operations will not be as big as previously forecast.

Jasco regroups after tough year

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

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

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

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

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

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

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

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

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

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

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

Newpark on track with distribution growth

The real estate investment trust has been filling vacancies at its 24 Central property in Sandton.

Group Wreck buoys Insimbi

Group Wreck buoys Insimbi

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

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

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

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

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

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

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

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

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

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

Implats targets Canadian palladium

Buying North American Palladium will provide geographical diversification and increased palladium exposure.

Famous Brands flips a juicier burger

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

Marshall Monteagle sells distribution business to SPAR

The group is selling its stake in Monteagle Africa to customer SPAR.

Stormy times for Adcorp

Stormy times for Adcorp

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

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

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

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

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

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

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.

Datatec turnaround gains pace

Datatec turnaround gains pace

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

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

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

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 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

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

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

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

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

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

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.

Net1 told to repay SASSA

Net1 told to repay SASSA

The group appealed a High Court ruling that return back an additional payment it received for biometrical registrations of social grant recipients.

MC gears up for Makhado

MC gears up for Makhado

The coal producer says it expects to start Phase 1 of the project before the end of March.

Grit misses target after London listing

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

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

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

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

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

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

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.

Clover sets delisting date

Clover sets delisting date

The dairy and drinks group says all conditions for its takeover have been fulfilled.

Safari wants to engage with Comprop

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

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

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

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

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

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

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

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

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

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

AB InBev going ahead with $5 billion IPO

Budweiser APAC is expected to make its debut on the Hong Kong stock exchange next Monday.

Rolfes flags full-year loss

Rolfes flags full-year loss

The group has impaired its Agri and Water businesses due to the difficult trading environment and subdued outlook.

Nampak to report a mixed performance

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

RMI’s OUTsurance exits New Zealand business

OUTsurance subsidiary Youi plans to focus its attention on its Australian business.

Wesizwe swings to a profit

Wesizwe swings to a profit

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

Freedom property disposals stall again

The capital growth fund planned to use the proceeds to pay down its debt.

Unicorn flags a headline loss

Unicorn flags a headline loss

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

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

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

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

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

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

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...

PPC’s new CEO ready for work

PPC’s new CEO ready for work

Roland van Wijnen takes over next month after receiving a permit to work in SA.

Stenprop on track with its strategic plan

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.

Hospitals deal rescues Afrox

Hospitals deal rescues Afrox

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

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 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.

Aspen gets debt under control

Aspen gets debt under control

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

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

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

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

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

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

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

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

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

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.

Third time lucky for intu?

Third time lucky for intu?

Media reports say private equity investors may be preparing to bid for the beleaguered shopping centre owner.

Metrofile rallies on possible buyout

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

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

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

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

RMB Holdings eyes new opportunities

The group may consider investments in businesses where partnerships with entrepreneurial and industry-disruptive management teams can add value.

Mustek’s investments pay off

Mustek’s investments pay off

The ICT products and services group says investments of the past six years are starting to make a meaningful contribution to revenue and earnings.

FirstRand maintains momentum

FirstRand maintains momentum

The banking group has grown earnings and its dividend despite subdued growth and rising risks.

No dividend as Implats returns to profit

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

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

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

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

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.

Discovery is back on track

Discovery is back on track

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

Libstar benefits from investment spend

The food producer and importer says capex projects completed last year helped lift its performance.

Sasfin flags higher earnings

Sasfin flags higher earnings

The financial services group has benefited from lower impairments after improving its credit processes.

Momentum Metropolitan makes good on its pledge

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

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

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

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

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

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

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

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

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.

Cashbuild feels the pinch

Cashbuild feels the pinch

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

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

Bidvest overcomes difficult economy

The industrial group has grown earnings following strong performances from its services businesses.

Sun International reveals a mixed hand

Sun International reveals a mixed hand

The hotels and casinos group plans a comprehensive review of Sun City due to falling occupancies.

Brimstone narrows its losses

Brimstone narrows its losses

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

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

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

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.

Discovery on the mend

Discovery on the mend

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Imperial takes restructuring pain

The logistics group says the benefits of a big reorganisation should reflect in its bottom line in the year ahead.

DRDGold flags higher earnings

DRDGold flags higher earnings

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

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

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.

Safari battle heats up

Safari battle heats up

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

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

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

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

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

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

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

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

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

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.

Old Mutual fires Moyo, again

Old Mutual fires Moyo, again

The life assurer and asset manager served CEO Peter Moyo with a further notice terminating his employment.

South32 finds buyer for SA Energy Coal

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

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

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

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

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

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

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

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

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

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

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

Harmony’s losses narrow as production rises

The gold producer says it is well positioned to benefit from the uplift in gold prices.

BHP pays record dividend

BHP pays record dividend

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

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

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.

Cell C gets Blue Label down

Cell C gets Blue Label down

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

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

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

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

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.

Sasol sinks on Lake Charles

Sasol sinks on Lake Charles

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

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

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

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

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.

Obstacles in Imperial’s road

Obstacles in Imperial’s road

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

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

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

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

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

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.

Bitter UK medicine for Aspen

Bitter UK medicine for Aspen

The pharmaceuticals group will pay £8 million and ensure competition in the supply of the medicine used to treat Addison’s Disease.

Metair all charged up

Metair all charged up

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

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

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

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 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

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

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

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

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

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.

Omnia prices its rights issue

Omnia prices its rights issue

Shareholders who do not take up the deeply discounted rights shares face dilution.

Libstar flags a mixed first-half performance

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

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

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

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

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

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

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.

MTN rides on African growth

MTN rides on African growth

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

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

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

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

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

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

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

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.

Investec gets demerger nod

Investec gets demerger nod

The group expects to list Investec Asset Management on the London and Johannesburg bourses in the first quarter of next year.

RBPlat’s losses widen

RBPlat’s losses widen

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

Curro slumps on trading update

Excluding a sizeable tax adjustment, the private schools group will report single digit profit growth.

Delta and Rebosis plan merger

Delta and Rebosis plan merger

The deal is just the latest to be announced as consolidation in the property sector accelerates.

Invicta takes engineering to A2X

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

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

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

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 

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

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

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

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

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

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

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

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.

EOH doubles down on risk

EOH doubles down on risk

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

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

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

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

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

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.

Sappi sags on soggy results

Sappi sags on soggy results

The group is converting capacity towards packaging to lessen the impact of weak graphic paper markets.

AngloGold Ashanti flags strong earnings rise

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

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

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.

intu sags on revaluation

intu sags on revaluation

The shopping centre owner says radical transformation is needed as more retailers struggle to remain relevant.

Glencore’s copper business misses the mark

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.

Massmart’s earnings implode

Massmart’s earnings implode

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.

Frothy quarter for AB InBev

Frothy quarter for AB InBev

The brewer had its best quarterly beer sales in over five years in the three months to end-June.

Capco to proceed with demerger

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.

Metair’s earnings accelerate

Metair’s earnings accelerate

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

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

Weak economy dents AVI’s earnings

The branded consumer goods group says the difficult trading environment has limited sales growth.

Ellies swings back to a loss

Ellies swings back to a loss

The electronics group says impairments, increased provisions and legal fees have pushed it into the red.

Vunani heads for A2X

Vunani heads for A2X

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

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

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.

Kumba's dividend windfall

Kumba's dividend windfall

The iron ore producer has raised its payout ratio due to its strong cash position.

Mondi flags higher earnings

Mondi flags higher earnings

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

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

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

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

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

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

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

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

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

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

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

CompCom says no to Murray takeover

The Competition Commission believes ATON’s acquisition of the local group could potentially throttle competition in the sector.

Pioneer soars on PepsiCo bid

Pioneer soars on PepsiCo bid

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

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

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

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

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

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

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

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

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

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

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

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

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.

Ingenuity plans to delist

Ingenuity plans to delist

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

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.

enX sells Eqstra to Bidvest

enX sells Eqstra to Bidvest

Bidvest will pay an enterprise value of R3.1 billion for the fleet management and logistics business.

IDC puts up funding for Makhado

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

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.

EOH executives quit

EOH executives quit

The two divisional CEOs resigned with immediate effect ahead of the release of a report into public sector contracts.

Pan African beats targets

Pan African beats targets

The gold producer has benefited from a restructuring but says protest action at its Barberton Mine has resulted in lost production days.

Steinhoff’s murky future

Steinhoff’s murky future

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

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

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

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

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.

Woolworths back on trend

Woolworths back on trend

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

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

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

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

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.

Tharisa’s year improves

Tharisa’s year improves

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

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

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

Texton winds up Chobe Tesco sale

The property fund will use the proceeds of £12 million to pay down debt and fund capex requirements.

PSV scraps empowerment deal

PSV scraps empowerment deal

The industrial group hasn’t received the subscription price from its prospective empowerment partner.

Steinhoff adds a new CFO

Steinhoff adds a new CFO

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

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

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

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 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.

Aspen falls as talks end

Aspen falls as talks end

The pharmaceuticals group says it’s now in a position to explore options with other potential partners for its European pharmaceuticals business.

Trans Hex considers buyout

Trans Hex considers buyout

The diamond producer says operating in an unlisted environment would reduce costs, while shareholders would get the chance to exit at a premium.

Aveng offloads DFT

Aveng offloads DFT

The engineering and construction group will use the proceeds to strengthen its financial position and reduce debt as it’s turnaround continues.

New boss at Astoria

New boss at Astoria

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

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.

Absa to list ETFs on A2X

Absa to list ETFs on A2X

The bank says taking a secondary listing for its three precious-metal ETFs will help reduce overall costs for investors.

SAA award gives Comair wings

SAA award gives Comair wings

SAA’s settlement over anti-competitive behaviour will lift Comair’s headline earning’s by 277c per share.

Super Group completes supply chain deals

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

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

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.

EOH to share details of probe

EOH to share details of probe

The group says it has assessed a report by law firm ENSafrica and will make the relevant findings public later this month.

PwC quits Group Five

PwC quits Group Five

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

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

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

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.

Fairvest proposes Safari deal

Fairvest proposes Safari deal

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

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

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

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.

Sabvest takes up Apex stake

Sabvest takes up Apex stake

The group says Apex’s services will help facilitate and support its own investment activities.

Brait launches new incentive scheme

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.

Hudaco grinds on

Hudaco grinds on

The industrial group says the government needs to implement measures to kick-start the economy.

WBHO says skilled staff are emigrating

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

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

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

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

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

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

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

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