Brait closing out Fleet scheme

Brait closing out Fleet scheme

The investment holding company is repurchasing shares sold to members of its investment team back in 2011 and repaying bank loans.

Impairments hit Gemfields’ earnings

Impairments hit Gemfields’ earnings

The precious stones miner impaired its Kagem emerald mine by $22.6 million due to a new export duty in Zambia.

GTC benefits from vibrant economies

GTC benefits from vibrant economies

The real estate investor has a portfolio of retail and office properties in the fast-growing capitals of Eastern and Southern Europe.

Jubilee pushes ahead with Kabwe after buying a refinery

Jubilee pushes ahead with Kabwe after buying a refinery

The diversified metals recovery company says buying the Sable Zinc refinery will help it get metal to market faster.

Kibo gets ahead on Benga project

Kibo gets ahead on Benga project

The resources company is progressing with a final review of the power plant project after completing a feasibility study.

Aveng JV loses court bid on Mtentu bonds

Aveng JV loses court bid on Mtentu bonds

A joint venture between Aveng and Strabag International were seeking an order to stop Sanral from making a call on their bonds.

Omnia’s earnings implode as debt rises

Omnia’s earnings implode as debt rises

The fertilizer and chemicals group will swing to a full-year loss due to a bigger interest bill and a number of once-off charges.

Fortress calls off Resilient deal

Fortress calls off Resilient deal

The transaction was aimed at loosening ties between the two real estate investment trusts after shareholders raised concerns.

 Insimbi in acquisition talks

Insimbi in acquisition talks

The group has racked up a number of acquisitions as it expands its presence in the metal recycling, beneficiation and trading business.

Astoria shareholders back downsizing plan

Astoria shareholders back downsizing plan

The investment group plans to liquidate its listed equity portfolio and return capital.

CSG warns of lower earnings

CSG warns of lower earnings

The services group gave no reason for the expected decline in profit.

Netcare sells hospitals to RH Bophelo

Netcare sells hospitals to RH Bophelo

Last year’s acquisition of Akeso Clinics was conditional on the sale of the Rand and Bell Street hospitals.

Astoria prepares to scale down

Astoria prepares to scale down

The group says if shareholders don’t approve resolutions at today’s general meeting its performance will continue to be driven by global equity markets.

Sasfin cleans up credit book

Sasfin cleans up credit book

The financial services group has posted a strong rise in first-half earnings after it took steps to improve its credit processes.

Alaris flags a better second half

Alaris flags a better second half

The radio frequency technology company says its orders are lumpy due to long sales cycles.

Mixed bag from Remgro’s investments

Mixed bag from Remgro’s investments

Lower earnings from Total, RCL Foods and Community Investment Holdings offset gains from Mediclinic, Grindrod and FirstRand.

Grand Parade reviews strategy after Dunkin’ Donuts failure

Grand Parade reviews strategy after Dunkin’ Donuts failure

The investment group blames the poor performance on the challenges of launching a premium brand in a tough trading environment.

Ascendis to revise strategy if Remedica sale proceeds

Ascendis to revise strategy if Remedica sale proceeds

The healthcare group has withheld an interim dividend so that it can retain cash and pay down debt.

Sun City casts a shadow over Sun International

Sun City casts a shadow over Sun International

The hotels and casinos group expects trading in South Africa to remain subdued due to continued pressure on disposal income.

Bell rings up strong global sales

Bell rings up strong global sales

The group is investing in an expanded range of trucks due to strong global demand, while local conditions remain subdued.

ADvTECH boosts numbers through expansion

ADvTECH boosts numbers through expansion

The private education group has grown its presence outside SA, while its staffing business has also profited from the move to alternative markets.

Hulamin flags lower headline earnings

Hulamin flags lower headline earnings

The aluminium products manufacturer has revised down expectations for its 2018 results, due out today.

HomeChoice blames Post Office for weak sales

HomeChoice blames Post Office for weak sales

The group says second-half retail sales were impacted by a backlog at the Post Office, which meant its catalogues weren’t delivered on time.

Raven Property eyes growth in Russian e-commerce

Raven Property eyes growth in Russian e-commerce

The Russian warehouse investor says occupancy levels are benefiting as market fundamentals in the market improve.

Balwin preserves cash in tough environment

Balwin preserves cash in tough environment

Despite strong demand for its apartments, the property developer remains cautious due to the weak economy, interest rates and policy uncertainty

Investec on track with demerger

Investec on track with demerger

The specialist bank and wealth manager says it's faced challenging conditions in SA and the UK, with market volatility affecting earnings at Asset Management.

Tsogo to unbundle hotels

Tsogo to unbundle hotels

Tsogo said the separate listing would improve disclosure and allow for a valuation that is not discounted for gaming-related regulatory risks.

Metrofile rises on results release

Metrofile rises on results release

Shares in the documents storage business sank a week ago after its chief financial officer quit and it warned of weaker results.

Steinhoff’s R100 billion accounts fraud

Steinhoff’s R100 billion accounts fraud

PwC’s first report following an investigation into the accounts of the furniture retailer found bogus transactions worth more than R100 billion.

Calgro M3 ends Afhco joint venture

Calgro M3 ends Afhco joint venture

The property developer says the end of the JV doesn’t change its long-term strategy of growing annuity income through rentals.

Exxaro's dividend soars after a bumper year

Exxaro's dividend soars after a bumper year

The resources group has lifted its full-year dividend by 55% after a year of record production and a bigger payout from Sishen.

ARC misses targets after tough year

ARC misses targets after tough year

The investment group’s portfolio was affected by the weak economy, with the value of its listed investments declining last year.

Metair charged up after a strong year

Metair charged up after a strong year

The group’s automotive components and battery businesses both delivered strong growth and it expects conditions to remain favourable.

RMBH rides on FirstRand’s growth

RMBH rides on FirstRand’s growth

The investment holding company has narrowed the discount to its underlying intrinsic value to 11.2%.

MC Mining pushes ahead with Makhado

MC Mining pushes ahead with Makhado

The coal producer says phase one of its flagship project has been approved in time to take advantage of positive coking coal prices.

Capital & Regional falls after reducing its dividend

Capital & Regional falls after reducing its dividend

The real estate investment trust wants to preserve cash to fund investment while maintaining its distribution requirements.

Quantum Foods warns of weaker earnings

Quantum Foods warns of weaker earnings

The poultry and egg producer has warned of lower first-half earnings after a strong 2018 financial year.

Impairments hit Grand Parade’s profit

Impairments hit Grand Parade’s profit

The investment group has impaired its investment in Dunkin’ Donuts and Baskin-Robbins after liquidating them in December.

Growthpoint looks offshore for growth

Growthpoint looks offshore for growth

The real estate investment trust says it expects little to no growth from its SA property portfolio this year due to the weak economy.

Libstar pays maiden dividend after tough year

Libstar pays maiden dividend after tough year

The branded consumer goods group says last year was the toughest yet but it has a very clear growth strategy.

Mpact wraps up strong year for paper

Mpact wraps up strong year for paper

The paper and plastics packaging group benefited from an upgrade at its Felixton mill, lower recovered paper costs and rising containerboard prices.

Sun International jumps on improved earnings

Sun International jumps on improved earnings

The hotels and casinos group plans to continue reducing its debt due to strong cash generation at its operations.

Global grows losses as it invests in renewables

Global grows losses as it invests in renewables

The investment group is moving out of asset finance as it takes advantage of the more to recycling and alternative energy.

Investec fund buys bargain Canberra property

Investec fund buys bargain Canberra property

The property fund is buying the building housing Australia’s Attorney General as it invests in well located, high quality assets.

FNB lifts FirstRand in challenging year

FNB lifts FirstRand in challenging year

The banking group’s first-half performance was also supported by a solid contribution from newly-acquired UK lender Aldermore.

Group Five suspended as taps run dry

Group Five suspended as taps run dry

The construction and infrastructure group says shareholders have little chance of realising any value as it joins Basil Read and Esor in business rescue

Quilter rallies on full-year profit growth

Quilter rallies on full-year profit growth

The MedScheme owner has maintained its programme of expansion as it prepares for new public sector contracts.

AfroCentric gears up for new contracts

AfroCentric gears up for new contracts

AfroCentric has reported subdued first-half profit growth as it invests in new businesses across the healthcare value chain.

Stenprop boosts UK industrial portfolio

Stenprop boosts UK industrial portfolio

The industrial property company has increased its multi-let industrial portfolio to more than £250 million with the addition of Gainsborough Trading Estate.

Metrofile warns of lower profit as CFO resigns

Metrofile warns of lower profit as CFO resigns

The documents storage business says first-half HEPS will be up to 39% lower.

Global Asset Management to delist

Global Asset Management to delist

The AltX-listed company has launched a scheme of arrangement, alongside a mandatory offer from large shareholder ARC.

Absa grows earnings after ‘unprecedented’ year

Absa grows earnings after ‘unprecedented’ year

The banking group’s results for 2018 are still impacted by its separation from former parent Barclays Plc.

Old Mutual delivers on most commitments

Old Mutual delivers on most commitments

The group missed its main profit target due to volatile markets and the weak SA economy as it announced R2 billion in share buybacks.

AVI hobbled by weak shoe sales

AVI hobbled by weak shoe sales

The consumer goods group’s first-half results were impacted by poor sales at Spits and restructuring at Green Cross.

Merafe highlights Eskom risk

Merafe highlights Eskom risk

While geopolitical uncertainty dented ferrochrome prices last year, the company says Eskom remains a key risk factor in 2019.

RMI raises dividend despite lower earnings

RMI raises dividend despite lower earnings

A spike in mortality claims at Discovery and a normalisation of claims at OUTsurance resulted in an 8% decline in earnings.

Sea Harvest buoyed by Viking deal

Sea Harvest buoyed by Viking deal

The acquisition has offset flat revenue in the fishing group’s home market and lower revenue from Australia.

Mixed performance from Brimstone’s investments

Mixed performance from Brimstone’s investments

The investment holding company has reported lower profit due to the downward revaluation of some listed investments and losses at Lion of Africa.

Eskom adds to Famous Brands’ troubles

Eskom adds to Famous Brands’ troubles

The restaurant group says inconsistent power supply has further worsened consumer sentiment and negatively impacted its operations.

Phumelela may pull the reins on dividends

Phumelela may pull the reins on dividends

The sports betting group says given the trading pressures it faces in South Africa, its board may revise its dividend policy.

MMI resumes dividends as it makes progress

MMI resumes dividends as it makes progress

The life assurer is paying an interim dividend of 35c per share after completing a R2 billion share buy-back programme.

Grit defends share purchases

Grit defends share purchases

The group says shares acquired by its Executive Share Trust from a vehicle jointly owned by its CEO were bought on an arm’s length basis.

Sentiment sours towards Tongaat Hulett

Sentiment sours towards Tongaat Hulett

In the latest problem to beset the sugar producer, it says it may have to review financial statements from previous financial years.

Ascendis warns of lower earnings as asset sales progress

Ascendis warns of lower earnings as asset sales progress

The healthcare group says talks over its Remedica business continue while it’s making progress with the disposal of non-core businesses.

Bauba hampered by administrative delays

Bauba hampered by administrative delays

The platinum and chrome exploration company says an improving chrome market will help its full-year earnings.

ELB slides on Gamsberg losses

ELB slides on Gamsberg losses

The engineering group says the Northern Cape zinc project has suffered setbacks that resulted in additional costs and delayed milestone payments.

Phumelela may pull the reins on dividends

Phumelela may pull the reins on dividends

The sports betting group says given the trading pressures it faces in South Africa, its board may revise its dividend policy.

EPP unscathed by Sunday trading ban

EPP unscathed by Sunday trading ban

The Polish shopping centre owner says more than 100 million customers visited its centres last year.

Standard Bank benefits from African growth

Standard Bank benefits from African growth

The bank’s operations outside SA now contribute close to a third of headline earnings.

MTN surges after announcing asset sales

MTN surges after announcing asset sales

The network operator plans to realise at least R15 billion over the next three years which it will use to reduce debt.

Sanlam earnings down on market volatility

Sanlam earnings down on market volatility

The life assurer has raised its dividend by 8% despite a dip in earnings due to weak investments markets.

Aspen to pay down debt as it focuses on pharma

Aspen to pay down debt as it focuses on pharma

The pharmaceuticals group says it’s splitting its SA business to increase focus following the sale of its Nutritionals business.

Afrox cuts dividend as costs rise

Afrox cuts dividend as costs rise

The group is restructuring its operations to focus on areas where it can grow earnings in a subdued economy.

Grindrod on solid ground after shipping spin-off

Grindrod on solid ground after shipping spin-off

The freight, logistics and financial services group says it's positioned its businesses to increase market share and to capitalise on any global market improvements.

Mining results show why Murray is a target

Mining results show why Murray is a target

ATON will be watching closely after a strong first half for Underground Mining offset weaker performances from the group’s other divisions.

Transaction Capital expects to maintain and grow dividends

Transaction Capital expects to maintain and grow dividends

The group says its two operating divisions have had a strong start to 2019, with upside potential if the economy improves.

Texton plans shake-up under new CEO

Texton plans shake-up under new CEO

Marius Muller plans to selectively reposition the property fund’s portfolio and dispose of properties that are non-core.

Exxaro expects bumper earnings

Exxaro expects bumper earnings

The diversified resources group says higher coal prices and a lack of once-off transactions will result in higher earnings.

Clover grows earnings as takeover looms

Clover grows earnings as takeover looms

The dairy and drinks growth says the early implementation of its strategic focus has contributed to a stable performance despite weak consumer spending.

Attacq grows earnings in tough environment

Attacq grows earnings in tough environment

The real estate investment trust reported good trading at its Mall of Africa centre and growth in dividends from its stake in MAS Real Estate.

RBPlat plans rights offer as Styldrift ramps up

RBPlat plans rights offer as Styldrift ramps up

The platinum producer intends to raise R1 billion to help fund upgrades of its recently acquired Maseve asset and grow production at Styldrift.

Resilient and Fortress to loosen ties

Resilient and Fortress to loosen ties

Resilient plans to take back the shares Fortress owns in it as the property companies continued to address market concerns.

Fortress flags smaller 2019 distribution

Fortress flags smaller 2019 distribution

The real estate investment trust has changed the way it treats the interest it earns from loans to the Siyakha Education Trusts.

SA Corp. lowers distribution in tough economy

SA Corp. lowers distribution in tough economy

The real estate company has faced increased property rates, additional refinancing costs and higher provisions for bad debts.

Alex Forbes dismisses media reports

Alex Forbes dismisses media reports

The company says a disgruntled former employee may have leaked confidential company information and shareholders should pay no heed.

Stadio rallies on strong 2018 growth

Stadio rallies on strong 2018 growth

The group more than doubled student numbers after a string of acquisitions as it takes advantage of the demand for private tertiary education.

RCL cries fowl over cheap imports

RCL cries fowl over cheap imports

The food producer says there’s an oversupply of chicken in the market due to imports, while high levels of imported sugar remain even after the government...

Bidvest shakes off weak economy

Bidvest shakes off weak economy

The industrial services, trading and distribution group has grown earnings against a frail economic backdrop and is preparing for a new CEO.

Rolfes back on the road to recovery

Rolfes back on the road to recovery

The speciality chemicals group has sacrificed margin in a competitive environment but says it’s refined its strategy and is going back to basics.

MAS’s move east pays dividends

MAS’s move east pays dividends

The property investor has raised its interim distribution by 40% as its strategy to target growth assets in Central and Eastern Europe pays off.

Frothy end to 2018 for the world’s biggest brewer

Frothy end to 2018 for the world’s biggest brewer

After a tough 2018 which saw AB InBev cut its dividend to reduce debt, sales have improved and it forecasts a better 2019.

Landlords step up in Edcon recapitalisation

Landlords step up in Edcon recapitalisation

Property groups have agreed to reduce floor space, cut rentals and buy equity as they participate in the rescue one of their biggest tenants.

African growth leaves Distell in high spirits

African growth leaves Distell in high spirits

While local volumes dipped in the six months to end-December, African markets outside of SA consumed more of Distell’s wines and spirits.

ARM lifts dividend despite hefty impairment

ARM lifts dividend despite hefty impairment

The diversified miner is in discussions with its partner in Nkomati, Norilsk Nickel, on the mine’s future.

Hyprop benefits from move offshore

Hyprop benefits from move offshore

The shopping centre owner says it has agreed to support Edcon as part of its restructuring proposal and may take up an equity stake in the...

Newsdeck: Musk Warns Loss Likely as Tesla Shuts Stores, Cuts Model 3 Cost

Newsdeck: Musk Warns Loss Likely as Tesla Shuts Stores, Cuts Model 3 Cost

Elon Musk is delivering on one big promise -- a $35,000 Model 3 -- while warning Tesla Inc. may not be able to pull off a...

Mondi in position for the paper chase

Mondi in position for the paper chase

The paper and packaging group says it’s well-placed for the move from plastic to paper.

BAT results clouded by lawsuits and regulatory challenges

BAT results clouded by lawsuits and regulatory challenges

Full-year earnings beat guidance but the tobacco group’s shares have failed to ignite due to regulatory pressure and lawsuits.

Implats slashes debt as profit returns

Implats slashes debt as profit returns

The mining group says fundamentals for palladium and rhodium remain strong, with platinum expected to recover in the medium term.

Massmart cautious after weak 2018

Massmart cautious after weak 2018

A combination of low sales growth, higher expenses and restructuring costs resulted in reduced earnings and a lower dividend for shareholders.

MultiChoice rises on JSE debut

MultiChoice rises on JSE debut

Naspers will unbundle its holding in MultiChoice Group to shareholders tomorrow as it focuses on its global internet businesses.

NEPI Rockcastle tempers expectations for 2019

NEPI Rockcastle tempers expectations for 2019

The Central and Eastern European property investor is forecasting lower distribution growth for the year ahead.

Capco still deciding on Earls Court property

Capco still deciding on Earls Court property

The London property owner says a demerger of its Covent Garden and Earls Court interests could be implemented promptly, but there are other options.

Tradehold plans possible unbundling

Tradehold plans possible unbundling

If the transaction goes ahead, SA subsidiary Collins Group may be listed on the JSE and unbundled to Tradehold’s shareholders.

Fairvest confident about distribution growth

Fairvest confident about distribution growth

The shopping centre owner says the lower end of the market it serves has proved to be more resilient to the tough economy.

Motus accelerates in stagnant market

Motus accelerates in stagnant market

The automotive business has grown first-half earnings despite flat vehicle sales.

Explosive results from AECI

Explosive results from AECI

The chemicals and explosives group has benefited from strong demand from the global mining sector as well as recent acquisitions.

No dividend from WBHO as Australia contract wipes out earnings

No dividend from WBHO as Australia contract wipes out earnings

The engineering and construction group has made provisions for expected losses on an Australian roads contract that it says are unprecedented.

Cashbuild feels the pinch

Cashbuild feels the pinch

The building materials retailer says after a tough first half, sales have declined in the first few weeks of the second half of its financial year.

Shoprite cuts dividend after tough first half

Shoprite cuts dividend after tough first half

Many factors weighed on the supermarket group's first-half performance, which it says shouldn't be seen as a reflection of its fundamental strength.

Super Group gets a lift from commodities demand

Super Group gets a lift from commodities demand

The logistics group says the continuing strong African commodities environment has helped compensate for a lacklustre consumer demand.

 Lakes Charles intact as Sasol raises its dividend

Lakes Charles intact as Sasol raises its dividend

The oil and chemicals group reported a strong rise in interim earnings helped by better performances from Natref and Sasol Mining.

L2D reduces vacancies in tough environment

L2D reduces vacancies in tough environment

The shopping centre owner says its performance has been supported by an improved tenant mix in the shops previously occupied by Stuttafords.

Hammerson scales back as consumers go online

Hammerson scales back as consumers go online

The shopping centre owner plans to sell more properties as it streamlines its portfolio and pays down debt.

Northam posts record operating profit on destocking

Northam posts record operating profit on destocking

The platinum producer has reported a strong rise in first-half metal sales as it dug up more metal and reduced its stockpiles.

Cell C adds new shareholder as CEO steps down

Cell C adds new shareholder as CEO steps down

Blue Label announced Cell C’s CEO was leaving, a new shareholder was coming on board and it would report an interim loss.

Tongaat plunges on bitter update

Tongaat plunges on bitter update

The sugar producer and landowner will enter into discussions with its lenders this week as it prepares to report a full-year loss.

Truworths sees signs of a recovery

Truworths sees signs of a recovery

The retailer expects challenging conditions to continue for the remainder of its financial year with a medium-term improvement.

Anglo American’s earnings beat estimates

Anglo American’s earnings beat estimates

The global mining giant has grown full-year earnings by 13% but disappointed with a slight decline in its dividend for the year.

Woolworths trims dividend after tough year

Woolworths trims dividend after tough year

The retailer wants to reduce its interest-bearing debt in Australia due to challenging conditions facing the retail sector.

Discovery’s profit down on R6 billion bank investment

Discovery’s profit down on R6 billion bank investment

The financial services group says the decline is temporary and profit growth should return to its target of inflation plus 10%.

EOH chairman quits for the sake of good governance

EOH chairman quits for the sake of good governance

Under new CEO Stephen van Coller, the group has committed to strict corporate governance and has appointed ENSafrica to review all public-sector contracts.

European diners boost Bidcorp’s sales

European diners boost Bidcorp’s sales

The food services group’s European operations were the stand-out performers in the first six months of its financial year.

Tiger Brands gets inflationary lift

Tiger Brands gets inflationary lift

The branded foods group says it's benefitted from selling price category in a number of categories but hasn’t been able to recover cost increases.

intu scraps dividend after tough year

intu scraps dividend after tough year

The retail property group plans to retain cash and pay down debt after weak sentiment diminished the value of its shopping centres.

Lower exports fail to derail Kumba’s dividend

Lower exports fail to derail Kumba’s dividend

The iron ore producer is returning all of last year’s headline earnings to shareholders through its dividend payments.

AngloGold Ashanti to sell more mines

AngloGold Ashanti to sell more mines

The gold producer is divesting of mines that don’t deliver the returns it can achieve with other opportunities.

Comair loses altitude on rising fuel prices

Comair loses altitude on rising fuel prices

The airline will take delivery of six new aircraft this year which will mitigate high fuel prices and enhance the potential revenue per flight.

Clover buyout still likely, despite opposition

Clover buyout still likely, despite opposition

While Brimstone may pull out of the consortium offering investors R25 per share, analysts believe it has enough support from shareholders to succeed.

Should you divest of your Clover shares?

Should you divest of your Clover shares?

There is a good argument to be made that the Milco buyout at R25 represents decent value for current shareholders...

Amplats steps up dividends after strong year

Amplats steps up dividends after strong year

The platinum producer has improved its payout ratio after restructuring its operations to strip out loss-making ounces and become more efficient.

Aveng continues with disposals

Aveng continues with disposals

The infrastructure and resources group has sold its Infraset business to the Colossal Africa Consortium for up to R200 million as part of its restructuring.

African Phoenix to buy back prefs as part of new strategy

African Phoenix to buy back prefs as part of new strategy

The group is simplifying its capital structure to support its growth as an investment holding company.

Implats recovers on rising prices

Implats recovers on rising prices

The platinum producer has swung back to profit, assisted by an improved performance from its Rustenburg mines.

EOH asks law firm to probe subsidiary

EOH asks law firm to probe subsidiary

The tech services group says it's also working with Microsoft to better understand its decision to cancel agreements with its EOH Mthombo.

Grand Parade dumps Dunkin’ Donuts

Grand Parade dumps Dunkin’ Donuts

The group said it took the decision to exit the US franchises following sustained losses and an unsuccessful process to dispose of them.

Resilient cuts its Edcon exposure

Resilient cuts its Edcon exposure

The real estate investment trust says Edcon stores occupy a smaller portion of its portfolio following closures and reduced floor space.

Discovery hit with rising death claims

Discovery hit with rising death claims

Combined with investment in its new businesses, the group expects to report a decline in first-half earnings after mortality claims spiked.

Pioneer benefits from rising prices

Pioneer benefits from rising prices

The branded food producer says while it managed to increase prices in some categories, input costs have also been on the rise.

Dis-Chem falls as strike hits earnings

Dis-Chem falls as strike hits earnings

The pharmacy chain says it’s like to miss its earnings target due to the three-month-old strike.

Sibanye-Stillwater warns of job cuts as losses continue

Sibanye-Stillwater warns of job cuts as losses continue

The precious metals producer says attempts to contain losses at a number of shafts at its Beatrix and Driefontein mines have proved unsuccessful.

City Lodge’s vacancies rise ahead of May poll

City Lodge’s vacancies rise ahead of May poll

The hotels group says it expects trading conditions in SA to remain under pressure until after the national elections.

South32 on track to divest of SA coal assets

South32 on track to divest of SA coal assets

The commodities producer is divesting of SA Energy Coal as it makes way for black shareholders and reshapes its portfolio.

Curro passes the dividend test

Curro passes the dividend test

The private schools group is paying a fifth of last year’s earnings out as a maiden dividend, leaving it with cash for future investment.

Power cuts take their toll on DRDGold

Power cuts take their toll on DRDGold

The mine tailings retreatment specialist says its Ergo operation suffered major power interruptions over 11 days in the second quarter.

Hyprop sags on Moody’s downgrade

Hyprop sags on Moody’s downgrade

The REIT says Moody’s debt calculation doesn’t take Hystead’s in-country debt into account, or the portion guaranteed by its other major shareholder.

Sasol rebounds as Lake Charles output starts

Sasol rebounds as Lake Charles output starts

The oil and chemicals group says its new linear low-density polyethylene unit in Louisiana achieved beneficial operations yesterday.

Emira cuts rentals in tough market

Emira cuts rentals in tough market

he property fund says it’s managed to reduce vacancies but had to lower some rentals to incentivise tenants and remain competitive.

Harmony results marred by depreciation charges

Harmony results marred by depreciation charges

Despite a strong result from the gold producer, FNB Wealth says it continues to avoid the gold sector in its entirety.

EOH plunges on Microsoft pullout

EOH plunges on Microsoft pullout

EOH said ending the Channel Partner Agreement with Microsoft would impact this year’s profit by about R10 million.

WBHO surprises with profit warning

WBHO surprises with profit warning

The engineering and construction group says losses on an Australian contract where the work was underestimated will obliterate interim earnings.

Spar defies the retail blues

Spar defies the retail blues

The supermarket and distribution group has reported a strong start to its 2019 financial year, helped by liquor and hardware sales.

MultiChoice to debut on JSE’s Top 40

MultiChoice to debut on JSE’s Top 40

The video entertainment business will be included on the index of the JSE's 40 most valuable companies, pushing the lowest-ranking company out.

Woolworths loses two directors in Australia

Woolworths loses two directors in Australia

The retailer gave no reasons for the sudden resignation of directors Gail Kelly and Patrick Allaway.

SASSA switchover hits Finbond’s earnings

SASSA switchover hits Finbond’s earnings

The new Post Office card that some social grant recipients have been moved to doesn’t support EFT debits or stop orders.

Lake Charles delay rains on Sasol’s shares

Lake Charles delay rains on Sasol’s shares

Bad weather is one of the reasons given for a delay to Sasol’s biggest project yet, which has resulted in escalating costs.

Harmony warns of earnings decline

Harmony warns of earnings decline

Although first-half production increased by a third, amortisation and depreciation charges will lead to lower earnings.

Lonmin production hit by workers’ deaths

Lonmin production hit by workers’ deaths

Safety stoppages at its mines following two fatalities resulted in 95,000 tonnes of lost mining production.

ArcelorMittal SA recovers on rising exports

ArcelorMittal SA recovers on rising exports

Higher sales volumes and low cost increases helped the steel producer return to profitability last year.

Woolworths’ David Jones without a CEO

Woolworths’ David Jones without a CEO

The department store chain has had three CEOs since it was bought by Woolworths in 2014.

OneLogix overcomes road bumps to grow earnings

OneLogix overcomes road bumps to grow earnings

The specialist logistics group says it’s well-equipped to both withstand economic headwinds and to exploit emerging opportunities.

Northam to report record operating profit

Northam to report record operating profit

The platinum producer says its performance has been underpinned by its growth and diversification strategy.

South Deep strike weighs on Gold Fields

South Deep strike weighs on Gold Fields

The 45-day strike hurt fourth-quarter production at the mine, which has been restructured in an attempt to make it profitable.

Sappi’s SA operation adds some gloss

Sappi’s SA operation adds some gloss

The pulp and paper producer says it has benefited from the diversification of its portfolio of products.

What’s holding Murray back?

What’s holding Murray back?

With under two months until the expiry of ATON’s mandatory offer, its shares are still trading below the offer price but shareholders still have time.

Conditions toughen for Astral

Conditions toughen for Astral

The poultry producer says like many retailers it has been at the receiving end of constrained consumer spending.

Sea Harvest casts its net wider in Australia

Sea Harvest casts its net wider in Australia

The group says the offer for Mareterram would further diversify its earnings and increase its market share in Australia.

Mpact to roll out higher earnings

Mpact to roll out higher earnings

The packaging and plastics group expects underlying earnings to much higher thanks to a strong showing from its Paper division.

Curro marked down on trading statement

Curro marked down on trading statement

Forecast profit growth may have disappointed the market due to the lofty P/E multiple the private schools group trades on.

Clover suitors churn up a big premium

Clover suitors churn up a big premium

Clover says the offer is an attractive opportunity for shareholders to realise value in cash and divest of their holdings at a big premium.

Implats rallies on return to profitability

Implats rallies on return to profitability

The platinum producer benefited from better prices and higher production due to an improved operational performance and the release of an inventory build-up.

MTN declines despite earnings rise

MTN declines despite earnings rise

Analysts said clearer guidance was needed from the network operator after the disappointing results of the previous couple of years.

AngloGold Ashanti results likely to shine

AngloGold Ashanti results likely to shine

The gold producer’s shares declined despite it flagging a more than sevenfold rise in full-year earnings.

Eskom backtracks on EOH allegations

Eskom backtracks on EOH allegations

The technology group has fought off allegations of impropriety for the past year and a half, which have weighed on its share price.

Group Five tanks ahead of CEO resignation

Group Five tanks ahead of CEO resignation

The construction and infrastructure company has been beset by problems that have resulted in its share price sliding by 90% over the past year.

ArcelorMittal boosted by Macsteel sale

ArcelorMittal boosted by Macsteel sale

The local steelmaker expects to return to profit for 2018, helped by the close to R3 billion sale of its stake in Macsteel International.

Power cuts leave DRDGold in a loss

Power cuts leave DRDGold in a loss

Gold production declined in the three months to end-December due to power interruptions, contributing to an expected first-half loss.

Ellies earnings slide as it adjusts to tough market

Ellies earnings slide as it adjusts to tough market

The consumer and commercial electronics group says it's preparing to capitalise on opportunities once growth returns to the market.

Hudaco pegs hopes on positive elections

Hudaco pegs hopes on positive elections

The group says meaningful action and implementation from the government on the economic front should kickstart the economy and lead to investment.

Merafe flags a decline in earnings

Merafe flags a decline in earnings

Weaker ferrochrome prices and lower volumes of chrome ore and ferrochrome sold were partially offset by a stronger rand.

Lewis beats the retail blues

Lewis beats the retail blues

FNB says the group is tracking ahead of FY expectations and trades on a forward PE of 7.3 times and a forward dividend yield of 8.4%.

EOH denies any wrongdoing

EOH denies any wrongdoing

The technology group says it’s engaging with the JSE and Eskom over the utility’s disclosure on the SENS news service.

Group Five provides a glimmer of hope

Group Five provides a glimmer of hope

The company expects to finalise the majority of its counter claims against its Ghanaian client over the next three to four months.

Spur continues to attract the well-heeled

Spur continues to attract the well-heeled

The restaurant group says a tough second-quarter was generally consistent with sales trends in the local retail sector.

Taste is hungry for more capital

Taste is hungry for more capital

The restaurant and luxury goods group is likely to need more equity capital over and above its current R132 million rights issue.

Adapt IT battles to grow in tough economy

Adapt IT battles to grow in tough economy

The technology group only managed to grow first-half revenue through acquisitions due to stagnant economic growth.

Maria Ramos prepares to leave Absa

Maria Ramos prepares to leave Absa

Former Nedbank executive and registrar of banks René van Wyk will take the reins until a replacement is found.

Shoprite marks down first-half earnings

Shoprite marks down first-half earnings

The supermarket group expects a sharp decline in profit due to hyperinflation in Angola and constraints at home.

EOH sinks as old allegations re-emerge

EOH sinks as old allegations re-emerge

There didn’t appear to be anything new in the irregularities listed by Eskom but EOH failed to release a statement clarifying this.

Naspers splashes out on Russian classifieds

Naspers splashes out on Russian classifieds

Avito attracts 10.3 million daily unique visitors and has leading positions in a number of key categories in the Russian classifieds market.

Italtile defies the slowdown

Italtile defies the slowdown

While the current period is expected to be positive, it said it is unlikely to match last year’s strong performance.

Kumba jumps as disaster lifts iron ore price

Kumba jumps as disaster lifts iron ore price

S&P Global Platts says supply constraints could become evident following the disaster at Vale’s Corrego do Feijão mine in Brazil.

Pepkor grows sales in tough environment

Pepkor grows sales in tough environment

The value retailer says its defensive market position continues to resonate with a “financially constrained consumer”.

Sweet 16 as Santam joins A2X

Sweet 16 as Santam joins A2X

The general insurer says it is taking the additional listing to attract potential new investors.

AVI hit by spending slowdown

AVI hit by spending slowdown

The fast-moving consumer goods company has flagged lower earnings after December sales came under pressure.

MC Mining falls on Uitkomst challenges

MC Mining falls on Uitkomst challenges

The coal miner says production should improve after it bought more machinery and integrated the colliery’s staff and systems.

Pan African jumps on production update

Pan African jumps on production update

The gold producer is on track to meet this year's guidance after its Elikhulu tailings retreatment plant was put into action.

Vodacom tumbles as SA revenue declines

Vodacom tumbles as SA revenue declines

The group said a strong performance from its international operations helped to offset the slowdown in SA during the quarter.

Anglo firing on (almost) all cylinders

Anglo firing on (almost) all cylinders

The diversified miner expects iron ore to bounce back this year after it resumed production at its Minas-Rio operation in Brazil.

Tiger sells Oceana stake to Brimstone

Tiger sells Oceana stake to Brimstone

Tiger Brands plans to unbundle the rest of its stake in Oceana by the middle of the year as it focuses on its portfolio of core...

Reinet’s value smoulders on BAT decline

Reinet’s value smoulders on BAT decline

The investment company is an alternative entry to British American Tobacco but pays itself management fees.

Imperial CEO steps down early

Imperial CEO steps down early

Marius Swanepoel’s retirement was brought forward after the handover to his successor was concluded earlier than expected.

Challenge could delay Steinhoff's results, again

Challenge could delay Steinhoff's results, again

Until a forensic report into what went wrong at Steinhoff is released, along with its financial accounts, the extent of its troubles remains unknown.

Clicks attracts customers with promotions

Clicks attracts customers with promotions

While the health and beauty chain grew sales by close to 8% over the past five months it trades on a demanding price-earnings ratio of close...

Massmart slumps on weak year-end sales

Massmart slumps on weak year-end sales

Softer than expected sales, particularly over the crucial November and December period, have resulted in a decline in 2018 earnings.

Shoprite hit by kwanza devaluation

Shoprite hit by kwanza devaluation

Big currency devaluations in many of its markets outside of South Africa left first-half turnover almost flat.

Shoprite’s Computicket fined for market abuse

Shoprite’s Computicket fined for market abuse

The R20 million administrative penalty follows a drawn-out case by the Competition Commission, which had recommended a heftier fine.

Aveng cleans up with sale of water treatment business

Aveng cleans up with sale of water treatment business

While the proceeds of the sale will help to reduce debt further, investors aren’t yet buying the infrastructure and engineering group’s turnaround story.

Murray gets in on Australian hydro-electric project

Murray gets in on Australian hydro-electric project

While the engineering and construction group targets complementary markets to grow its order book, ATON’s buyout offer provides a further underpin to the stock.

Bleak Christmas for clothing retailers

Bleak Christmas for clothing retailers

Mr Price led a slump in general retailers yesterday after posting disappointing third-quarter sales but The Foschini Group bucked the trend.

Verimark gets go-ahead to delist

Verimark gets go-ahead to delist

Shareholders have voted in favour of a R1.50 per share offer to take the company private.

Group Five rallies on asset sales

Group Five rallies on asset sales

The company is disposing of its manufacturing businesses as it repositions itself and pays down debt.

Jubilee’s Hernic delivers record production

Jubilee’s Hernic delivers record production

The platinum and chrome recovery company said it ended 2018 on a high, with record production at Hernic and the commissioning of its DCM plant.

AMCU drags its heels as Sibanye strike continues

AMCU drags its heels as Sibanye strike continues

The gold and platinum producer says the union refuses to co-operate with a union membership verification process.

Naspers prepares for MultiChoice listing

Naspers prepares for MultiChoice listing

Naspers is unbundling its pay-TV business as it evolves into a global consumer internet company.

AMCU holds Sibanye over a barrel

AMCU holds Sibanye over a barrel

As the union prepares to launch a secondary strike, Sibanye-Stillwater has extended the longstop date for its merger with Lonmin.

Orion raises Prieska’s estimated resources

Orion raises Prieska’s estimated resources

With a resource of over 30 million tonnes, Prieska is positioned as one of the more significant new VMS development projects globally.

Tough first quarter as New Frontier battles Brexit

Tough first quarter as New Frontier battles Brexit

The shopping centre owner says uncertainty over Brexit has pushed retailers’ trading volumes to their lowest since 2008.

New debt plan for Brait’s New Look

New debt plan for Brait’s New Look

Brait’s equity holding will be between 18% and 30%, while a haircut on its Senior Structured notes will reduce its NAV/share.

Ascendis rallies on Remedica talks

Ascendis rallies on Remedica talks

The healthcare group says it’s received an unsolicited bid for Remedica, the Cyprus-based pharmaceuticals business it bought in 2016.

MC completes Makhado surface rights

MC completes Makhado surface rights

The coal producer says it can now commence final geotechnical drill and start work on the mine’s infrastructure.

Steinhoff’s CVA hits a snag

Steinhoff’s CVA hits a snag

LSW, an entity related to former business partner Andreas Seifert, has challenged Steinhoff Europe’s business rescue process.

Yellow vests hold back Richemont’s sales

Yellow vests hold back Richemont’s sales

The luxury goods group says European sales were affected by social unrest in France but Chinese sales steamed ahead.

Tharisa’s production declines on tailings reprocessing

Tharisa’s production declines on tailings reprocessing

The platinum and chrome producer says it remains fully committed to its Vision 2020 targets despite the blip.

Google Board Sued for Hushing Claims of Executive Misconduct (3)

Google Board Sued for Hushing Claims of Executive Misconduct (3)

Alphabet Inc.'s directors were sued by shareholders for approving a $90 million exit payment to Andy Rubin, the creator of the Android mobile software, while helping...

Sibanye says strike has limited impact

Sibanye says strike has limited impact

Gold production for 2018 is likely to be slightly lower than forecast but PGM output and palladium prices are buoyant.

RCL bounces after Remgro purchases

RCL bounces after Remgro purchases

Remgro is reported to have increased its stake in the food producer with on-market purchases over December.

Master Plastics set for February delisting

Master Plastics set for February delisting

The plastics manufacturer was unbundled by Astrapak and listed on the JSE’s AltX market in May 2017.

Adapt IT expands in Australia

Adapt IT expands in Australia

The R54 million deal will boost its education division and supplement foreign-currency earnings.

UK property stocks show signs of life

UK property stocks show signs of life

While many retailers reported improved December sales, they were boosted by growth in online purchases.

Kibo energised for 2019

Kibo energised for 2019

The group, which has switched its focus from mining to Africa’s energy deficit, expects to start generating revenue by the end of the year.

BAT fizzles out on ‘tumultuous tobacco’ report

BAT fizzles out on ‘tumultuous tobacco’ report

Analysts at Cowen say British American Tobacco is arguably the most disadvantaged by the chainging US cigarette landscape.

NEPI Rockcastle deal falls through

NEPI Rockcastle deal falls through

Regulatory approvals and the waiver of a right of first refusal weren’t met by the end-December deadline.

Slowing China takes a bite out of Apple’s forecasts

Slowing China takes a bite out of Apple’s forecasts

The company’s downward sales revision stunned the market, sending its shares sharply lower.

Anglo rejigs strategy and base metals management

Anglo rejigs strategy and base metals management

The group is focusing on its long-term growth options due to the move to a “cleaner, more electrified and richer world”.

Tesla falls after missing lofty expectations

Tesla falls after missing lofty expectations

The maker of electric vehicles has also cut the price on a number of its US models by $2,000.

Howden to proceed with delisting despite opposition

Howden to proceed with delisting despite opposition

The group will proceed with a general offer to minorities after “dissenting shareholders” stood in the way of a scheme of arrangement.

Stocks fall on first trading day of 2019

Stocks fall on first trading day of 2019

Stock markets stuttered into the new year after a decline in Chinese manufacturing activity last month was blamed on a trade dispute with the US.

MTN incentivises directors to drive recovery

MTN incentivises directors to drive recovery

Following a 35% slide in its share price last year, the group’s Performance Share Plan is aimed at awarding directors for future performance.

Gold regains its glister on uncertainty

Gold regains its glister on uncertainty

Gold broker GoldCore says gold could rise as high as $1,600 before ending 2019 at $1,500 an ounce as it reclaims its hedge status.

MTN rallies on Nigeria settlement

MTN rallies on Nigeria settlement

The network operator has reached a truce with the Central Bank of Nigeria over dividends repatriated from that country.

Naspers debuts on A2X

Naspers debuts on A2X

Naspers takes the number of listings on the A2X platform to 15 with a combined market capitalisation of almost R2 trillion.

Anglo raises Minas-Rio forecast on extended licence

Anglo raises Minas-Rio forecast on extended licence

The diversified miner says access to the Step 3 area will support the increase of production towards the mine’s full design capacity.

AB InBev debuts on top JSE indices

AB InBev debuts on top JSE indices

The global beer giant met the JSE’s requirements for inclusion on a number of key indices as its SA shareholding increased.

MTN reaches pre-Christmas Nigeria truce

MTN reaches pre-Christmas Nigeria truce

The network operator has settled a dispute with the central bank but still has to find common ground with the Attorney General

Naspers rides on Tencent’s rise

Naspers rides on Tencent’s rise

The Chinese gaming and messaging giant gained 4.5% on Friday after restrictions on new video games were eased.

Independent report clears Invicta

Independent report clears Invicta

The group says an independent report found that it had disclosed all the relevant facts around a 2015 share transactions to the JSE.

Anglo restarts Minas-Rio

Anglo restarts Minas-Rio

The iron ore operation is expected to report an underlying EBITDA loss of $320 million this year after operations were suspended for nine months.

Shoprite reels on Computicket fine

Shoprite reels on Computicket fine

The Competition Commission has recommended that the retailer be fined 10% of its annual turnover for Computicket’s anti-competitive behaviour.

AB InBev eyes cannabis market

AB InBev eyes cannabis market

The world’s biggest brewer is partnering with Canada’s Tilray in a $100 million venture to investigate cannabis-infused beverages.

DAWN targets February delisting

DAWN targets February delisting

Shareholders will be asked to approve the scheme of arrangement at a meeting on 21 January.

New CEO to drive Aveng recovery

New CEO to drive Aveng recovery

Non-executive director Sean Flanagan has been involved in the strategic initiatives aimed a turning the engineering and construction group around.

Naspers goes big on Swiggy

Naspers goes big on Swiggy

Naspers is investing $660 million in the latest funding round for India’s largest food-delivery business.

Taste asks shareholders to fork out

Taste asks shareholders to fork out

The fast food and jewellery group will ask for approval for a R132 million, fully-underwritten rights offer.

Glencore’s Katanga settles Canadian probe

Glencore’s Katanga settles Canadian probe

Beaten down Libstar to buy back shares

Beaten down Libstar to buy back shares

The food producer says its decision to repurchase up to 3% of its stock won’t affects its commitment to pursue growth strategies.

Transaction Capital eyes European debt market

Transaction Capital eyes European debt market

The group is entering a joint venture with some of its founding directors that will give it exposure to the larger European market.

Gold Fields counts the costs as strike ends

Gold Fields counts the costs as strike ends

The gold producer says it will still proceed with retrenchments at South Deep as it puts the mine on a sustainable road to recovery

A2X enters the big league with Naspers listing

A2X enters the big league with Naspers listing

South Africa’s biggest company by market capitalisation has taken a secondary listing on the year-old exchange.

Steinhoff creditors approve debt proposals

Steinhoff creditors approve debt proposals

The retail group says the approvals will increase financial stability and allow it to focus on maximising its potential.

Aspen's debt a bitter pill to swallow

Aspen's debt a bitter pill to swallow

The group has negotiated a temporary change to its debt covenants as it awaits the sale of its infant nutritional business.

Stellar Capital finds buyer for Amecor

Stellar Capital finds buyer for Amecor

The investment group put its security communication equipment subsidiary up for sale after unsolicited buyers came forward for the group.

Group Five assets attract interest

Group Five assets attract interest

The construction and infrastructure group says a number of parties have expressed interest in buying various parts of its business.

Amplats forecasts bumper earnings

Amplats forecasts bumper earnings

The platinum producer says it’s benefited from a higher rand-platinum price and a better performance across its operations.

Afrox flags lower earnings as it restructures

Afrox flags lower earnings as it restructures

The industrial and healthcare gases group says the restructuring will help it grow profit in the future.

Aspen could offload unit to Mylan

Aspen could offload unit to Mylan

Mylan has taken over the distribution of a portfolio of products in Australia and New Zealand and has the option to purchase it for R1.93 billion.

Amplats wraps up BRPM sale

Amplats wraps up BRPM sale

The platinum producer sold its 33% interest in the joint venture to Royal Bafokeng platinum as it simplifies its portfolio.

Mediclinic on track in Middle East

Mediclinic on track in Middle East

The private hospitals group says it expects revenue growth in the high single digits for the year to end-March.

BAT maintains full-year guidance

BAT maintains full-year guidance

The tobacco giant says it’s been growing its share of a declining market for cigarettes and selling more tobacco replacement products.

Battle over as Astoria plans pay out

Battle over as Astoria plans pay out

RECM has agreed to call off its voluntary offer to minorities in light of Astoria Investments’ proposed capital pay-out.

Musk Wants to Open Tesla Store in His South African Homeland

Musk Wants to Open Tesla Store in His South African Homeland

It's been almost 30 years since Elon Musk left South Africa to start a new life in North America. Now, the billionaire may be about to...

New broom at Alexander Forbes sweeps clean

New broom at Alexander Forbes sweeps clean

The financial services group is undertaking a strategic review with the aim to ensure its relevance in South Africa.

Group Five sucks it up at Kpone

Group Five sucks it up at Kpone

The construction and engineering group says guarantee providers were obliged to pay $43.8 million over to Ghana’s Cenpower to complete the power plant.

EOH divided after CEO’s first 100-days

EOH divided after CEO’s first 100-days

Stephen Van Coller says the move will help support its businesses as they need a different focus, capital structure and management.

Famous Brands makes headway with GBK arrangement

Famous Brands makes headway with GBK arrangement

The quick-service restaurant group believes that the CVA will help with the long-term viability and sustainability of Gourmet Burger Kitchen.

Anglo beats output target while cutting costs

Anglo beats output target while cutting costs

The diversified mining group expects to beat its 2018 output target by 2%, with further improvements over the next three years.

Kumba shipments back on track

Kumba shipments back on track

The iron ore producer says its Iron Ore Export Channel was reopened quicker than expected following a derailment.

Greenbay makes way for Lighthouse

Greenbay makes way for Lighthouse

The property investor, which has been renamed Lighthouse Capital, is selling its listed property portfolio as it identifies redevelopment opportunities to invest in.

MTN slides as talks drag on

MTN slides as talks drag on

The mobile network operator has yet to reach common ground with Nigeria’s central bank and Attorney General over allegations of impropriety

Jubilee deal doubles its capacity

Jubilee deal doubles its capacity

The metals recovery company says buying PlatCro’s chrome extraction business will give it a strategic position in the PGM and chrome-rich bushveld complex.

PBT Group reinvents itself

PBT Group reinvents itself

The IT services group plans to position itself as a leading data and analytics company in SA and potentially also in Europe.

FSCA probes NEPI Rockcastle reporting

FSCA probes NEPI Rockcastle reporting

The Financial Sector Conduct Authority is taking a closer look at rumours trending on social media ahead of the release of Viceroy’s report.

DAWN defends offer as losses build

DAWN defends offer as losses build

With cash flow under pressure the group says a listing is no longer suitable and the associated costs outweighed any benefits.

EPP on track with full-year payout

EPP on track with full-year payout

The Polish property investor says it expects to deliver on its distribution guidance as it builds its retail portfolio.

One year on, Steinhoff delays explanation

One year on, Steinhoff delays explanation

Shares in the beleaguered retailer tumbled after it shifted the release of a forensic report into financial irregularities until next year.

Kpone continues to haunt Group Five

Kpone continues to haunt Group Five

The owners of the power project in Ghana want the construction and infrastructure to pay another $60.5 million to complete the works on the terminated contract.

VCP builds Grand Parade stake ahead of showdown

VCP builds Grand Parade stake ahead of showdown

The “engaged shareholder” raised its stake to 8.05% ahead of last night’s special general meeting.

Balwin redevelops its rental plans

Balwin redevelops its rental plans

The property developer has already sold units to a new rental company for R98.4 million as it moves to protect its cash flows.

Weak markets hurt Sanlam

Weak markets hurt Sanlam

The financial services group expects the economic and operating environment for its business to remain tough.

Pembury to pay in shares for Opti-Baby

Pembury to pay in shares for Opti-Baby

The private education and retirement village group is in talks to buy pre-school network Opti-Baby and will settle the deal in shares.

Italtile glides over tough economy

Italtile glides over tough economy

The tile and sanitary ware group says sales have trended positively despite tough trading conditions.

Schroder’s positioning pays off

Schroder’s positioning pays off

The real estate investment trust has sold off lower-yielding properties and bought high-growth industrial assets.

Class action against Tiger to proceed

Class action against Tiger to proceed

The claims of more than 1 000 victims will now be be able to proceed as one against Tiger Brands in a single matter.

Rebosis reduces office exposure

Rebosis reduces office exposure

The property fund will receive as much as R2.19 billion for a number of commercial properties in Johannesburg and Pretoria.

DAWN’s days on the JSE are numbered

DAWN’s days on the JSE are numbered

A company owned by Derek Tod and Luis Baeta has been given a 12-day exclusivity period during which competing offers can't be considered.

Group Five dumped by Ghanaian client

Group Five dumped by Ghanaian client

The Kpone power project has been plagued by problems and delays, resulting in Cenpower demanding the maximum penalty payment.

Purple Group turning Easy

Purple Group turning Easy

The investment group is rebranding its GT247.com and Emperor Asset Management businesses in line with its EasyEquities platform.

Sygnia navigates tough markets

Sygnia navigates tough markets

The financial services and asset management group says an improving second half was derailed by a volatile September.

Naspers on track with MultiChoice unbundling

Naspers on track with MultiChoice unbundling

The internet and media group says listing its pay-TV operations will take it a step further in its evolution into a global consumer internet company.

intu slumps after it's jilted a second time

intu slumps after it's jilted a second time

A consortium of investors withdrew due to “the uncertainty around current macroeconomic conditions and the potential near-term volatility across markets”.

NEPI Rockcastle calls for Viceroy probe

NEPI Rockcastle calls for Viceroy probe

The company has challenged Viceroy to declare any trading positions they may have had in NEPI Rockcastle at the time the report was issued.

Cracking results from Quantum Foods

Cracking results from Quantum Foods

The poultry group has raised its total dividend for the year by 165%, including a special dividend due to its healthy cash position.

Lonmin back in the black ahead of takeover

Lonmin back in the black ahead of takeover

The group says it will be better placed as part of a stronger, enlarged and diversified group due to liquidity constraints and required investment.

Microsoft Becomes World’s Most Valuable Company After Apple Rout

Microsoft Becomes World’s Most Valuable Company After Apple Rout

Microsoft Corp. surpassed Apple Inc. to become the world's most valuable publicly traded company. All it took was a $300 billion rout.

Bidvest cushioned by diverse operations

Bidvest cushioned by diverse operations

The industrial group says increased volumes in certain sectors and acquisitions will help it deliver “acceptable” growth this year.

SA is not Bidcorp’s China

SA is not Bidcorp’s China

Trying economic conditions and weak consumer sentiment are weighing on the group’s SA operations, but the UK, Europe and Australasia are performing better.

L2D adds up Black Friday shoppers

L2D adds up Black Friday shoppers

Black Friday specials attracted 15% more visitors to Liberty Two Degrees' shopping centres than last year.

NEPI Rockcastle slumps on Viceroy report

NEPI Rockcastle slumps on Viceroy report

The activist short-seller has accused the European property investor of overstating profit from its investments in Romania.

Taste halts Starbucks expansion

Taste halts Starbucks expansion

The restaurant and luxury goods group also plans to outsource most of its supply chain as part of a restructuring of its operations.

Omnia expects to blast its way back to profit

Omnia expects to blast its way back to profit

The diversified chemicals group has paid an interim dividend in anticipation of a profitable full-year.

Nampak aims for efficiencies as demand wanes

Nampak aims for efficiencies as demand wanes

The packaging group says it won’t resume dividends until the sustainability of cash transfers from Angola and Zimbabwe is assured and it’s sold its Glass business.

Pepkor censured as it releases its maidens

Pepkor censured as it releases its maidens

The JSE has fined Pepkor R5 million, with R1 million suspended for two years, for breaching the exchange’s listing requirements.

Accelerate negotiates rentals in tough market

Accelerate negotiates rentals in tough market

The property fund has trimmed its distribution after investing in its portfolio and paying higher finance costs and property rates.

New EOH CEO in the money with his options

New EOH CEO in the money with his options

The ICT services business has granted new CEO Stephen van Coller a million share options that will start to vest in two years’ time.

NEPI Rockcastle maintains full-year guidance

NEPI Rockcastle maintains full-year guidance

The Eastern and Central European shopping centre owner says it’s benefiting from higher growth rates than in the rest of Europe.

Verimark offers investors a Black Friday deal

Verimark offers investors a Black Friday deal

The retailer’s biggest shareholder is offering minorities a 50% premium to buy their stock and go private.

PPC on the hunt for a new CEO

PPC on the hunt for a new CEO

Reporting interim results, the cement producer said CEO Johan Claassen planned to take early retirement.

Life Healthcare back in rude health

Life Healthcare back in rude health

The private hospitals group’s Polish operations have turned around, while it sold its Indian business in September.

Mr Price steals a march on competitors

Mr Price steals a march on competitors

The retailer says independent research confirms that consumers’ perception of its quality and fashion has improved relative to its competitors.

Tiger grits its teeth after tough year

Tiger grits its teeth after tough year

Despite the listeriosis outbreak contributing to a slide in earnings, the group has maintained its dividend due to the strength of its balance sheet.

Capitec wins bid for Mercantile

Capitec wins bid for Mercantile

Buying Mercantile would remove the need to reinvent and create new systems and processes from scratch, fast-tracking its broader bank strategy.

Steinhoff’s Mattress Firm exits bankruptcy

Steinhoff’s Mattress Firm exits bankruptcy

Steinhoff says its US subsidiary has strengthened its balance sheet, optimised its store footprint and emerged a stronger company.

Lewis looks to INspire for more growth

Lewis looks to INspire for more growth

Following the acquisition of UFO, Lewis has launched call centre and online business INspire, which targets middle- to high-income customers in urban areas.

Peregrine pays maiden interim dividend

Peregrine pays maiden interim dividend

The financial services and wealth management group says the payout is in line with the direction given to shareholders at the time of its restructuring.

Western Cape weighs on Hospitality

Western Cape weighs on Hospitality

The property fund says hotels have also become more competitive in their pricing due to the weak state of the economy.

Sasol benefits from oil’s recent rise

Sasol benefits from oil’s recent rise

The price of Brent crude oil topped $86 per barrel early last month but has since fallen back.

Rhodes Foods more bullish on its outlook

Rhodes Foods more bullish on its outlook

A turnaround at Ma Baker is progressing well while the end of the drought in the Western Cape will return its international business to profitability.

Coronation sees more value in SA assets

Coronation sees more value in SA assets

Following their relative underperformance over the past year, the fund manager says the major SA asset classes present opportunities.

SANTACO takes a stake in SA Taxi

SANTACO takes a stake in SA Taxi

Over the past decade, Transaction Capital’s SA Taxi has extended loans of close to R22 billion to taxi operators.

Pepkor slumps on earnings decline

Pepkor slumps on earnings decline

The retailer says one-off costs related to a third-party debt provision and share dilution will leave full-year HEPS as much as 42% lower.

UK exit boosts Netcare’s profit

UK exit boosts Netcare’s profit

The private hospitals group has declared a special dividend of 40c per share following a detailed review of its portfolio, capital structure and capital requirements.

Pioneer faces pressure despite improvement

Pioneer faces pressure despite improvement

The branded food producer has reported a big improvement full-year earnings but said pressure started to emerge in the second half.

Astral benefits from higher prices and lower feed costs

Astral benefits from higher prices and lower feed costs

After a strong year, the poultry producer says its near-term prospects can be regarded as a mixed bag of negative and positive factors.

Steinhoff names new CEO as restructuring progresses

Steinhoff names new CEO as restructuring progresses

Louis du Preez, who has been leading the restructuring negotiations, will replace Danie van der Merwe, who steps down at the end of the year.

Naspers flags first-half earnings rise

Naspers flags first-half earnings rise

Headline earnings and earnings per share increased considerably as a result of its share of fair-value gains recognised by Tencent.

BAT drags on Reinet

BAT drags on Reinet

The investment group says it continues to take comfort in the tobacco giant’s underlying financial results despite a slide in its share price this year.

Group Five gets no relief from the courts

Group Five gets no relief from the courts

The High Court of Johannesburg said it was unable to interdict the construction group’s Ghanaian client from demanding penalties for project delays.

Novus impacted by new Media24 contract

Novus impacted by new Media24 contract

The print and packaging group has had to adjust after Media-24 renegotiated a printing agreement on less favourable terms.

Sibanye sparkles on dividend prospects as metals rise

Sibanye sparkles on dividend prospects as metals rise

As palladium rose to a record high, the company said it planned to resume dividends in 2020.

Sappi bullish on its prospects

Sappi bullish on its prospects

After reporting an improved fourth-quarter, the paper and pulp producer has predicted a strong start to 2019.

Woolworths food sales make up for weaker clothing

Woolworths food sales make up for weaker clothing

The retailer says after a smaller winter sales affected first-quarter sales, womenswear, in particular, showed signs of life in October.

Mediclinic falls after impairing Swiss operation

Mediclinic falls after impairing Swiss operation

The private hospitals group says regulatory changes are significantly impacting the healthcare market in Switzerland and all operators are affected.

Investec on track for demerger

Investec on track for demerger

The specialist bank and asset manager says it delivered a sound performance notwithstanding a challenging operating environment.

Bitcoin Plummets Below $6,000 to Lowest Level in Over a Year

Bitcoin Plummets Below $6,000 to Lowest Level in Over a Year

Bitcoin tumbled below $6,000 for the first time since August and reached its lowest level in over a year, breaking the recent stretch of tranquility exhibited...

Discovery banks on good behaviour

Discovery banks on good behaviour

Through Vitality Money, customers will get interest rates in line with their financial behaviour.

Spar benefits from rand weakness

Spar benefits from rand weakness

Positive growth in Ireland and a weaker rand helped offset continued weakness at the group’s Swiss operations.

Indluplace maintains dividend despite tough year

Indluplace maintains dividend despite tough year

The REIT saw a rise in vacancies after Eskom cut back on activity in Witbank, resulting in the non-renewal of residential contracts.

Interwaste declines after it’s told to close landfill site

Interwaste declines after it’s told to close landfill site

The waste management company is currently the subject of a takeover bid by French group Séché Environment.

Mobile saves Telkom as landlines ring off

Mobile saves Telkom as landlines ring off

The telecoms operator grew mobile customers by 50% in the six months to end-September but BCX weighed on earnings.

Bulked up Wescoal open to more deals

Bulked up Wescoal open to more deals

The coal producer says it remains strongly positioned as a consolidator in the coal sector and will continue to consider value-enhancing opportunities.

Offshore exposure cushions Investec Property Fund

Offshore exposure cushions Investec Property Fund

The fund has held back on local acquisitions due to a challenging microeconomic environment that is unlikely to improve in the short term.

Brait narrows losses on New Look recovery

Brait narrows losses on New Look recovery

A turnaround strategy helped the UK womenswear chain post a first-half profit as it regained market share and cut costs.

Vodacom’s BEE deal shrinks profit

Vodacom’s BEE deal shrinks profit

The network operator faced once-off costs to facilitate the R16.4 billion sequel to YeboYethu.

Rebosis sags as it cuts dividend

Rebosis sags as it cuts dividend

The property fund reported a loss for the year to August following a revaluation of its properties.

Omnia sinks after flagging a half-year loss

Omnia sinks after flagging a half-year loss

All three main areas of the chemical and fertilizer group’s business performed poorly in the six months to end-September.

Torre attracts buyers as it prepares to delist

Torre attracts buyers as it prepares to delist

A consortium of private equity funds plans to separate Torre’s industrial and analytical services businesses if the R771m deal proceeds.

Tiger Brands warns of lower profit

Tiger Brands warns of lower profit

The fast-moving consumer goods group has been hit by rising costs and the impact of last year’s listeriosis outbreak.

Richemont’s first-half earnings disappoint

Richemont’s first-half earnings disappoint

The luxury goods group reported operating profit that missed expectations due to the cost of acquisitions and disposals.

No dividend as Tongaat swings to a loss

No dividend as Tongaat swings to a loss

While sugar prices remained under pressure over the six months to end-September, they’ve since recovered due to increased duty protection.

Ailing rand aids Life Healthcare

Ailing rand aids Life Healthcare

Full-year results will be better than previously expected, helped by the weak rand and a better performance from Alliance Medical in the UK.

Google outlines steps to tackle workplace harassment

Google outlines steps to tackle workplace harassment

Google on Thursday outlined changes to its handling of sexual misconduct complaints, hoping to calm outrage that triggered a worldwide walkout of workers last week.

Morgan Stanley Sues Morgan Stanley for Wrongful Use of Name

Morgan Stanley Sues Morgan Stanley for Wrongful Use of Name

There's only one certainty in this lawsuit: Morgan Stanley is going to win.

Discovery launches bookbuild to fund bank stake

Discovery launches bookbuild to fund bank stake

The Competition Tribunal approved the transfer of FirstRand’s stake in the Discovery card joint venture to Discovery Bank on Wednesday.

TFG credits diversification for resilient performance

TFG credits diversification for resilient performance

The retailer has expanded its operations in the UK and Australia and has also seen a good take-up of online sales.

A2X gains scale as Standard Bank and AVI list

A2X gains scale as Standard Bank and AVI list

When the two companies start trading on the exchange, it will have 13 listings with a combined market cap of more than R520 billion.

Stefanutti supported by mining work

Stefanutti supported by mining work

With limited public-sector infrastructure work available, the construction group has done well from increased mining sector work.

Sandown takes action to narrow discount

Sandown takes action to narrow discount

The investment group is changing direction after it came under pressure from shareholders to narrow its discount to NAV.

MC Mining eyes expansion with new Uitkomst loan

MC Mining eyes expansion with new Uitkomst loan

The coal producer has secured a R20 million facility from Absa which may be used for potential expansion opportunities at Uitkomst.

Etion sells shares to support digital thrust

Etion sells shares to support digital thrust

The digital technology group has sold a 12.4% stake to Douglas Investments as it raises capital to expand its digital security businesses.

Finbond loses business due to SASSA switchover

Finbond loses business due to SASSA switchover

The mutual bank says the new Post Office card doesn’t allow for debits or stop orders, limiting its ability to lend to grant recipients.

Bill Gates Aims to Save $233 Billion by Reinventing the Toilet

Bill Gates Aims to Save $233 Billion by Reinventing the Toilet

Bill Gates thinks toilets are a serious business, and he's betting big that a reinvention of this most essential of conveniences can save a half million...

Group Five’s Ghanaian headache just got worse

Group Five’s Ghanaian headache just got worse

The engineering and construction group says there’s been yet another delay to completing the Kpone power plant, this time due to contaminated fuel.

Moab acquisition boosts Harmony

Moab acquisition boosts Harmony

The gold producer reported a sharp rise in first-quarter production from a year earlier, helped by its Moab Khotsong and Hidden Valley mines.

Pan African set to meet 2019 guidance

Pan African set to meet 2019 guidance

The gold producer is ceasing high-cost production as it focuses on new projects including the Elikhulu tailings retreatment plant and Royal Sheba at Barberton.

AYO to miss forecasts on contract delay

AYO to miss forecasts on contract delay

The technology holding company will report higher earnings for the year but will miss its pre-listing forecasts.

AngloGold plans more streamlining

AngloGold plans more streamlining

The gold producer says costs are trending towards the lower end of guidance and production towards the upper end.

Redefine takes cover from domestic headwinds

Redefine takes cover from domestic headwinds

The real estate investment trust says its geographical diversity should provide cover against a tepid local economy.

Adapt IT boosts mobile capabilities in R80m deal

Adapt IT boosts mobile capabilities in R80m deal

The ICT group says the R80 million purchase of Conor will strengthen its telecommunications division.

Massmart rings up higher sales

Massmart rings up higher sales

The wholesaler and retail says sales have mostly improved since mid-year but new accounting standards will distort its results.

Capco confirms interest in Earls Court

Capco confirms interest in Earls Court

The central London property owner says it will evaluate the terms of any proposed offer against the merits of a demerger and other options.

Another day, another small cap delisting

Another day, another small cap delisting

The waste management company says Séché’ Environment’s R1.20 per share offer represents a materialise opportunity for shareholders to realise value.

Value Capital ploughs more into investments

Value Capital ploughs more into investments

The “engaged shareholder” lifted its stake in Altron above 20% last week and has also been buying more shares in other key investments.

New orders support Aveng’s recovery plan

New orders support Aveng’s recovery plan

McConnell Dowell has won a number of contracts in Australia and the Far East and says there’s further potential.

Diversification supports Afrimat through slowdown

Diversification supports Afrimat through slowdown

The building materials supplier says its bulk commodities business helped offset weakness in the construction sector.

ArcelorMittal SA benefits from rising exports

ArcelorMittal SA benefits from rising exports

The steel producer says strong international demand and the weaker rand have supported exports of its steel.

Sibanye tumbles on earnings slide

Sibanye tumbles on earnings slide

The group said deferred platinum sales in the US and ongoing challenges at its SA gold mines resulted in lower Q3 core earnings.

Murray cashes in on mining upturn

Murray cashes in on mining upturn

The engineering and construction group’s underground mining book has jumped 12% since June and it’s the preferred bidder for other large contracts.

Naspers rally lifts the JSE

Naspers rally lifts the JSE

The JSE’s largest share got some much-needed relief after MSCI said it wouldn’t exclude shares with unequal voting structures from its benchmark indices.

Cartrack sees clear road ahead

Cartrack sees clear road ahead

The telematics company says markets for its vehicle tracking devices remain largely underpenetrated despite strong growth over the past six months.

Implats progresses with restructuring as production picks up

Implats progresses with restructuring as production picks up

The platinum producer says it’s in talks to sell or outsource its 1 Shaft at Rustenburg as it eliminates high-cost production.

Sanlam raises empowerment stakes

Sanlam raises empowerment stakes

The insurance giant is selling an additional 5% stake to black investors including anchor empowerment shareholder Ubuntu-Botho for between R7.4 billion and R8.6 billion.

Imperial gets all clear for Motus unbundling

Imperial gets all clear for Motus unbundling

The logistics and automotive group says its first quarter has been tough but the businesses are well positioned to ride out the weak economy.

Santova held back by weak trade winds

Santova held back by weak trade winds

The logistics group says lower billings are a result of the weak SA economy but recent offshore acquisitions should put the wind back in its sails.

Squid deal boosts Premier Fishing

Squid deal boosts Premier Fishing

The acquisition of Talhado Group in May came just in time for Premier to benefit from the exceptional catch rates for squid last year.

Mouton family trust mops up cheap PSG shares

Mouton family trust mops up cheap PSG shares

PSG's shares are trading at a discount of about 18% to the value of its underlying investments and are down 21.5% this year

Low inflation puts a lid on Shoprite’s sales

Low inflation puts a lid on Shoprite’s sales

The retailer says it doesn’t foresee material increases in food inflation until next year, which should keep prices low this festive season.

Famous Brands hopeful on UK burger chain

Famous Brands hopeful on UK burger chain

The restaurant group says remedial action taken at Gourmet Burger Kitchen should result in the chain adding value in time.

MTN sticks to its guns in Nigeria

MTN sticks to i