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

Tiso Blackstar exiting its media empire

Titles including The Sunday Times, Business Day, Financial Mail and Sowetan will soon be under new ownership.

Gemfields goes for gold

Gemfields goes for gold

Although the group is focused on coloured gemstones, it said evidence of gold near its ruby mine couldn’t be ignored.

Sibanye enters JV with Generation Mining

Sibanye enters JV with Generation Mining

The gold and platinum producer says selling a stake to Generation unlocks immediate value for the group.

Exxaro volumes fall on lower Medupi demand

Exxaro volumes fall on lower Medupi demand

The coal and heavy minerals producer says production volumes are down so far this year, while coal export prices have also declined.

Tough times for cement producer Sephaku

Tough times for cement producer Sephaku

The cement and concrete producer plans to reduce debt while assessing future growth opportunities.

Grit targets premium listing

Grit targets premium listing

The pan-African property investor says it’s also considering its options to raise more capital to fund a pipeline of potential opportunities.

New CEO for PPC

New CEO for PPC

The cement producer says the former Holcim executive will take over as soon as his work permit has been approved.

Omnia’s earnings implode

Omnia’s earnings implode

The chemicals, fertilizer and explosives group has reported a more than R1 billion swing in profitability following a tough year for all its divisions.

Wescoal ‘disappointed’ as it reports lower earnings

Wescoal ‘disappointed’ as it reports lower earnings

The coal producer says its second-half performance was impacted by disruptions, including industrial action at its Vanggatfontein mine.

Etion wraps up a tough 2019

Etion wraps up a tough 2019

Declining demand brought on by economic uncertainty impacted the digital technology group as it completed a restructuring.

Anglo Platinum flags higher earnings

Anglo Platinum flags higher earnings

Shareholders could be in for a bumper payout after the platinum producer changes its dividend policy last year.

Edcon reduces Resilient's distribution

Edcon reduces Resilient's distribution

The real estate investment trust says its 2019 distribution will be at the lower end of previous guidance, partly due to its Edcon exposure.

Metrofile to exit non-core business following review

Metrofile to exit non-core business following review

The documents storage business plans to sell or close three businesses and expand its digital services offering.

Tsogo places leftover hotel shares

Tsogo places leftover hotel shares

Some shareholders were unable to receive stock in Tsogo Sun Hotels in this month’s unbundling.

JSE hit by poor market sentiment

JSE hit by poor market sentiment

The stock-exchange operator says the difficult economic environment in SA has impacted investor appetite.

Invicta grows earnings after toughest year ever

Invicta grows earnings after toughest year ever

The engineering and capital equipment group says just about every sector it operates in has been under severe pressure.

Kibo strikes energy storage accord

Kibo strikes energy storage accord

The announcement of the partnership with ESS Tech came alongside the release of its 2018 financial results.

Equites lined up for July listing on A2X

Equites lined up for July listing on A2X

The property fund sees a secondary listing on A2X as an opportunity to attract new investors and deliver more value for shareholders.

Etion warns of a full-year loss

Etion warns of a full-year loss

Apart from a umber of once-off costs, the digital technology group says customers are spending less on projects.

CDC to invest in Mettle’s solar rollout

CDC to invest in Mettle’s solar rollout

A consortium headed by the British development finance institution will ultimately hold 40% of Mettle Solar Investments.

PBT returns to profitability

PBT returns to profitability

The IT services group has bounced back after exiting its loss-making operations in the Middle East and Africa while expanding in Western Europe.

MC Mining updates Chinese agreement

MC Mining updates Chinese agreement

Under the deal, Haohua Energy International will help arrange funding for the development of MC’s coking coal assets.

Naspers delays Euronext listing after postage blunder

Naspers delays Euronext listing after postage blunder

The group now expects to list its international internet assets on Euronext Amsterdam in September.

Naspers grows profit by a quarter in transformational year

Naspers grows profit by a quarter in transformational year

The group says it has completed its transition to a global consumer internet group as it prepares for an Amsterdam listing.

PPC forecasts rock-solid results

PPC forecasts rock-solid results

The cement producer says debt is down and headline earnings will be at least a third higher.

Hosken strengthens Cape bus operation

Hosken strengthens Cape bus operation

The investment company has taken full ownership of two bus services in the Western Cape.

Little hope for Group Five shareholders

Little hope for Group Five shareholders

The construction group’s business rescue practitioners say while creditors may recover their loans, there will be no equity left.

Volatile markets pare Peregrine’s earnings

Volatile markets pare Peregrine’s earnings

The wealth manager and financial services group earned lower performance fees from Stenham and Peregrine Capital last year.

Accelerate pins hopes on Fourways super centre

Accelerate pins hopes on Fourways super centre

Despite the negative short-term outlook for local property, the fund expects the extended shopping mall to serve as a catalyst for future opportunities.

Insimbi bulks up on recycled metal

Insimbi bulks up on recycled metal

The metals and plastics group is expanding its client base and trading network with the acquisition of Gauteng-based Treppo.

KAP flags weaker earnings

KAP flags weaker earnings

The industrial group says the costs for putting together last year’s empowerment deal will strip 7.3c from earnings per share.

Peter Moyo hits back at Old Mutual

Peter Moyo hits back at Old Mutual

The group’s former CEO says it was represented at the board meeting where NMT resolved to pay a further dividend of R105 million.

Steinhoff narrows its loss as it battles on

Steinhoff narrows its loss as it battles on

The retailer says this year’s sales are likely to be lower due to tough competition and after it sold off some businesses.

MC Mining strikes off-take deal with AMSA

MC Mining strikes off-take deal with AMSA

ArcelorMittal SA will replace imported hard coking coal with coal from MC Mining’s Makhado project once it’s up and running.

Tough conditions apply the brakes to Motus

Tough conditions apply the brakes to Motus

The automotive group says full-year revenue is likely to be flat, but earnings will increase.

Schroder progresses with its Winning Cities strategy

Schroder progresses with its Winning Cities strategy

The real estate investment trust says the cities it has property in are better placed than many to weather global economic and political risks.

Old Mutual sacks CEO over dividend payments

Old Mutual sacks CEO over dividend payments

Recent corporate governance breakdowns in the private and public sectors highlighted the need for directors to be vigilant in managing conflicts of interest.

Alex Forbes sweetens results with special div

Alex Forbes sweetens results with special div

The pension funds administrator says it doesn’t plan to hold excess cash on its balance sheet following a change in its strategy.

Brait’s losses swell after a tough year

Brait’s losses swell after a tough year

The investment company says it’s taking steps to reduce the discount its shares trade at relative to its value.

Green light for Lighthouse to issue shares

Green light for Lighthouse to issue shares

The property investor says it will issue additional stock as and when investment opportunities arise.

Kore Potash raises funds for expansion

Kore Potash raises funds for expansion

The potash exploration and development company says its Sintoukola project in Congo has the potential to become a preeminent production hub.

Etion warns of earnings decline

Etion warns of earnings decline

The company, previously called Ansys, says customers are spending less on projects due to the subdued economy.

Omnia’s litany of woes

Omnia’s litany of woes

On top of already tough economic conditions, the chemicals and fertilizer group has faced drought, impairments and currency issues in Zimbabwe.

Novus adapts to new base

Novus adapts to new base

The printing and packaging group has had to adjust since Media24 renegotiated printing contracts on less favourable terms.

Zarclear benefits from revised strategy

Zarclear benefits from revised strategy

The investment group narrowed the discount to value its shares trade at after building a new investment case.

Mining remains in the doldrums

Mining remains in the doldrums

Lower gold production led a decline in overall mining production in April, continuing the negative trend for the sector.

Pembury reverses course on retirement

Pembury reverses course on retirement

The group says it decided to dispose of its remaining retirement villages following feedback from shareholders and potential funders.

Trustco recovery aided by once-offs

Trustco recovery aided by once-offs

The Namibian investment company says its diversity also assisted growth in 2019 earnings.

Crookes Brothers gets a boost from nuts and bananas

Crookes Brothers gets a boost from nuts and bananas

The agricultural group says its 2019 results underscore the success of its diversification strategy.

BAT expects vaping growth to ignite sales

BAT expects vaping growth to ignite sales

The world’s second-biggest cigarette maker says its New Category portfolio will report growth of between 30% and 50% this year.

Naspers talks Turkey in digital payments space

Naspers talks Turkey in digital payments space

The consumer internet group believes there’s a big opportunity for its PayU subsidiary in Turkey as the government promotes digitisation of the economy.

Hope for 2nd quarter growth

Hope for 2nd quarter growth

After load shedding contributed to a fall in GDP in the first three months of the year, positive growth has started to emerge for the second...

Adrenna warns of lower earnings

Adrenna warns of lower earnings

The property group will report a headline loss per share but its tangible net asset value has improved.

Resilient Stor-age raises dividend

Resilient Stor-age raises dividend

The self-storage property group expects next year’s dividend to be 7%-9% higher if conditions don’t deteriorate.

Wescoal won’t be farming on Vanggatfontein

Wescoal won’t be farming on Vanggatfontein

Acquiring the surface rights to the farm where its Vanggatfontein colliery is situated will allow it to expand the operation.

Oando’s AGM cancelled amid boardroom tussle

Oando’s AGM cancelled amid boardroom tussle

The Nigerian oil group says the SEC’s actions are not in the best interests of the company or its shareholders.

Group Five to fill investors in on business rescue

Group Five to fill investors in on business rescue

The construction group’s business rescue practitioners will engage with shareholders next week as assets are put up for sale.

Profit dips as Capital Appreciation invests for growth

Profit dips as Capital Appreciation invests for growth

The FinTech business is developing new productions and building capacity as it signs on more financial institutions as customers.

NEPI Rockcastle takes A2X to 21

NEPI Rockcastle takes A2X to 21

The European shopping centre owner will take a secondary listing on the exchange next Tuesday in addition to its JSE and Euronext listings.

ARC gets AI backing for TymeBank

ARC gets AI backing for TymeBank

Ethos Private Equity’s Artificial Intelligence Fund has invested in the new digital bank.

Tongaat suspended on results delay

Tongaat suspended on results delay

The sugar producer said the decision wasn’t taken lightly and was meant to protect investors as its financial statements couldn’t be trusted.

MultiChoice’s maiden results will reveal a loss

MultiChoice’s maiden results will reveal a loss

While earnings have been affected by forex losses and a stake given to its empowerment schemes, its core profit will be as much as 12% higher.

Stars align for Kibo’s Benga project

Stars align for Kibo’s Benga project

The energy company has submitted its feasibility studies to Mozambique’s authorities and is now trying to secure coal supply and power purchase agreements.

Bidvest maintains margins despite tough trading conditions

Bidvest maintains margins despite tough trading conditions

The industrials services group says growth in trading profit lost momentum in the four months to end-April.

 A new chapter in Lonmin’s 110-year history

A new chapter in Lonmin’s 110-year history

Investors will receive shares in Sibanye-Stillwater this week following the suspension and delisting of the group’s stock from the JSE and the LSE.

Crookes prepares for bumper harvest

Crookes prepares for bumper harvest

The agricultural group has benefited from strong sugar yields and new macadamia orchards coming into production.

Stenprop trims dividend as it repositions its portfolio

Stenprop trims dividend as it repositions its portfolio

The industrial property investor has trimmed its full-year payout by 16% to 6.75p and will offer a scrip alternative subject to approval.

Gas producer Renergen rises on ASX debut

Gas producer Renergen rises on ASX debut

The natural gas and helium company’s shares rose 27.5% on their Australian debut.

Trustco bounces back

Trustco bounces back

The Namibian investment company expects a big improvement in full-year earnings from its main investment segments.

Bauba prepares for prospecting right

Bauba prepares for prospecting right

The platinum and chrome exploration company says its application for a prospecting right over the farm Hartebeesfontein has been accepted.

Sibanye curtails job losses in restructuring

Sibanye curtails job losses in restructuring

Close to 3,500 employees will be affected, with voluntary separation, early retirement and natural attrition accounting for the bulk of the job losses.

Alex Forbes warns of earnings decline

Alex Forbes warns of earnings decline

The pension funds administrator has been affected by a number of write-offs and the cost of writing off an expensive IT contract.

Sanlam battles the headwinds

Sanlam battles the headwinds

The insurer has grown new business and headline earnings despite turbulence in SA and other emerging markets.

Jubilee to double PGM production capacity

Jubilee to double PGM production capacity

The company says it’s also progressing with its acquisition of the Sable Zinc refinery in Zambia as it tries to further diversify earnings.

Mkhwanazi takes the chair at EOH

Mkhwanazi takes the chair at EOH

Xolani Mkhwanazi’s appointment as chairman follows those of CEO Stephen van Coller and financial director Megan Pydigadu.

Taxing times for RCL Foods

Taxing times for RCL Foods

The food producer says its chicken and sugar businesses have weighed on earnings due to imports and the new sugar tax.

Novus flags higher earnings

Novus flags higher earnings

The print and packaging group’s 2018 results were affected by big impairments after Media24 renegotiated a printing contract.

MAS’s move east pays dividends

MAS’s move east pays dividends

The Central and Eastern European property investor aims to grow its distribution by 30% between now and June 2022.

African Phoenix goes to court over pref share scheme

African Phoenix goes to court over pref share scheme

The investment group wants to buy back its preference shares as it shifts strategy.

Consolidated Infrastructure hobbled by the weak economy

Consolidated Infrastructure hobbled by the weak economy

The pan-African infrastructure group is now focused on growing its power and energy capabilities across the continent.

Imperial falls on unsatisfactory performance

Imperial falls on unsatisfactory performance

The logistics group has reported weak operational performances will impair its Consumer Packaged Goods business as it rationalises its operations.

Aspen’s cheque’s in the mail

Aspen’s cheque’s in the mail

Lactalis made payment for Aspen's Nutritionals Business on Friday and it should appear in its bank account any day now.

German office demand boosts Sirius

German office demand boosts Sirius

The property investor has raised its full-year dividend by 6.3% following strong rental growth as it refined its strategy.

Delta trims dividend to fund capex

Delta trims dividend to fund capex

The property fund has forecast short-term pressure on earnings as it finalises bulk lease renewals and negotiates long-term financing of debt.

Grand Parade in talks over Spur shareholding

Grand Parade in talks over Spur shareholding

It’s been speculated that the empowerment group could reduce its stake in Spur to focus on its Burger King franchise.

Finbond goes platinum for the Afrikaans market

Finbond goes platinum for the Afrikaans market

The lender says it still plans to transform into a retail bank and will target Afrikaners with its new “Finbond Platinum” online offering.

Mr Price doffs its cap to Australia

Mr Price doffs its cap to Australia

Sales at the discount retailer topped R20 billion last year, with strong growth outside SA, but it’s called time on Australia.

Taste tries to get back on track

Taste tries to get back on track

The restaurant and jewellery group has restructured its operations after losing focus and expanding too quickly.

Tongaat takes a caning on overstatement

Tongaat takes a caning on overstatement

The sugar producer and land owner’s shares fell as much as 10% on Friday after it said its balance sheet had been overstated.

Consolidated Infrastructure tanks on trading statement

Consolidated Infrastructure tanks on trading statement

The infrastructure group expects its headline loss per share to widen as the tough economy exerted pressure on most of its businesses.

GAIA exchanges wind for sun

GAIA exchanges wind for sun

The infrastructure investment group has reported lower revenue due to a reduced stake in the Dorper Wind Farm as it diversifies its portfolio.

Life Healthcare hit by options contracts

Life Healthcare hit by options contracts

The hospitals group entered a number of hedges when it sold its investment in India’s Max Healthcare but it says these will be offset by the...

Omnia to raise R2 billion to reduce debt

Omnia to raise R2 billion to reduce debt

Although discussions with creditors are progressing well, the chemicals and fertilizer group says it needs to reduce its debt.

Nampak pushes metal over plastic

Nampak pushes metal over plastic

The packaging group is trying to grow its share of the local packaging market by positioning cans as a better alternative.

Stefanutti Stocks looks for ways out of cash crunch

Stefanutti Stocks looks for ways out of cash crunch

The construction group faces short-term liquidity pressure due to delayed payments from clients.

Strike ends at Amplats’ Mototolo mine

Strike ends at Amplats’ Mototolo mine

Fired workers will be reinstated and can make back lost income and production over the next four months.

Wescoal buys remainder of Moabsvelden coal project

Wescoal buys remainder of Moabsvelden coal project

The group says development activities at Moabsvelden are about to start, with the first coal expected by the end of the year.

Stormy weather hits Santam

Stormy weather hits Santam

The short-term insurer’s net underwriting margin has dipped below its target range following a series of catastrophes.

Famous Brands dishes up dividend as GBK recovers

Famous Brands dishes up dividend as GBK recovers

The restaurant group says sales at its UK burger chains are showing positive growth as the new year gets underway.

Pepkor gains market share on low price appeal

Pepkor gains market share on low price appeal

The retail giant says first-half sales fell short of expectations in a challenging trading environment.

Arrowhead hopeful of post-election recovery

Arrowhead hopeful of post-election recovery

The real estate investment trust says tenants have been affected by the weak economy, resulting in higher vacancies and lower rental rates.

Two CEOs to co-pilot Comair

Two CEOs to co-pilot Comair

The aviation group has appointed joint CEOs to manage its airline and non-airline businesses following the recent resignation of Erik Venter.

Insimbi trims dividend after tough year

Insimbi trims dividend after tough year

The refractory and non-ferrous alloys group’s profitability was affected by a strike in the plastics industry as well as acquisition costs.

Astral ruffled by Lekwa water shortage

Astral ruffled by Lekwa water shortage

An undersupply of water to the poultry producer’s Standerton processing plant has cost it at least R85 million.

Cartrack subscriber growth accelerates

Cartrack subscriber growth accelerates

The fleet management and vehicle recovery group expects double-digit subscriber and annuity revenue growth to continue.

MTN makes progress on asset sales

MTN makes progress on asset sales

The network operator will raise R1.2 billion of its R15 billion target from the sale of its interests in Amadeus and Travelstart.

Sibanye gets the nod on Lonmin deal

Sibanye gets the nod on Lonmin deal

The transaction will create the world’s biggest primary producer of platinum and help sustain Lonmin’s operations.

SASSA shift delivers a blow to Finbond

SASSA shift delivers a blow to Finbond

The mutual bank and lender says earnings will be sharply lower after the SA Social Security Agency shifted grant recipients to a new debit card.

ELB cleans up after strategic review

ELB cleans up after strategic review

The review was triggered by a cash crunch at Engineering Services due to delays in the final testing of its Gamsberg Zinc project.

Sun International goes for Latam jackpot

Sun International goes for Latam jackpot

The casino and hospitality group plans to merge its assets in Latin America to create a regional giant.

Telkom dials up strong 2019 growth

Telkom dials up strong 2019 growth

The telecoms operator came close to doubling the number of mobile customers using its services last year.

Reunert hopeful on a recovery in confidence

Reunert hopeful on a recovery in confidence

Demand at the group’s electrical engineering businesses has been subdued due to a cutback in spending by state-owned enterprises.

Insimbi warns of lower earnings

Insimbi warns of lower earnings

An extended strike at its Plastics division and a new method for accounting for leases will contribute to a decline in full-year profit.

Dividend bonanza from ISA Holdings

Dividend bonanza from ISA Holdings

The IT security specialist wants to reduce unnecessarily high cash levels following a year of strong profit growth and high cash flows.

Old Mutual shows CEO the door

Old Mutual shows CEO the door

The life assurer has separated with CEO Peter Moyo over what it called a breakdown in trust.

Afrimat progressing on Universal due diligence

Afrimat progressing on Universal due diligence

The construction materials and commodities group says its diversification strategy is paying off, helping it grow full-year earnings.

Tradehold confirms listing of Collins

Tradehold confirms listing of Collins

The property investment company says it will unbundle the SA property group by February 2022 after receiving an investment in its local property portfolio.

Fortress cleared of manipulation in PwC report

Fortress cleared of manipulation in PwC report

The group says PwC found no evidence confirming market manipulation and insider trading but said there was evidence of inadequate governance in the past.

Knee-jerk reaction as Ascendis fires CEO

Knee-jerk reaction as Ascendis fires CEO

The shares recovered early losses to close slightly higher on Friday after declining 3.5% on Thursday on news of Thomas Thomsen’s axing.

Quantum hurt by lower egg prices

Quantum hurt by lower egg prices

The poultry and feeds group says raw material costs have risen while the price of eggs is on the decline.

Foschini styling through the downturn

Foschini styling through the downturn

The fashion and homeware retailer has reported a good rise in earnings despite difficult trading conditions.

Mediclinic nursing Hirslanden back to health

Mediclinic nursing Hirslanden back to health

The private hospitals group says tariff reductions due to regulatory changes will continue to impact its Swiss operation in the short term.

Brait’s shares dive as its value dwindles

Brait’s shares dive as its value dwindles

The ground has revalued its investments due to a decline in the value of their respective peer groups.

Walmart sends in CEO as Massmart’s profit falls

Walmart sends in CEO as Massmart’s profit falls

The retailer’s shares fell sharply after it warned that first-half headline earnings could be at least 50% weaker than a year ago.

Tsogo Sun to list hotels group next month

Tsogo Sun to list hotels group next month

Shareholders will receive one share in the newly-listed hotels group for every Tsogo Sun share held.

More cracks in Sasol’s chemicals project

More cracks in Sasol’s chemicals project

The group says more cost overruns at Lake Charles in Louisiana haven’t altered its capital allocation strategy or dividend plans.

Lewis beats the retail blues

Lewis beats the retail blues

The furniture and appliances retailer has benefited from changes to credit granting rules and a wider target market.

Tiger Brands pays special div on Oceana sale

Tiger Brands pays special div on Oceana sale

The fast-moving consumer goods group reported lower earnings as it still reels from the impact of last year’s listeriosis crisis.

Dipula lowers dividend guidance due to tough economy

Dipula lowers dividend guidance due to tough economy

Shareholder Arrowhead says the lower payout won’t have a material impact on its own dividend for the year.

Aspen in talks with potential partner

Aspen in talks with potential partner

The group says discussions with the European company follow a strategic review of its local and European Commercial Pharmaceuticals businesses.

Gold Fields on track with South Deep recovery

Gold Fields on track with South Deep recovery

The gold producer says it’s confident the SA mine will continue meeting its targets this year.

Newpark hit by rising vacancies

Newpark hit by rising vacancies

After reporting a lower final dividend, the real estate investment trust is budgeting for growth of 6% to 8% this year.

Rhodes grows sales on market-share gains

Rhodes grows sales on market-share gains

The food producer says margins have weakened, partly due to lower international selling prices for its canned fruit after the recent drought.

MMI’s growth strategy gains momentum

MMI’s growth strategy gains momentum

The life assurer is ‘cautiously confident’ that it will meet its headline earnings target of R3.6 billion to R4 billion in 2021.

Coronation hampered by volatile markets

Coronation hampered by volatile markets

The fund manager has reported lower earnings and trimmed its interim dividend after weak markets and the subdued economy affected asset levels.

Tobacco weighs on Reinet’s value

Tobacco weighs on Reinet’s value

The investment vehicle has spent €68 million buying back its own shares to try to narrow the 42% discount it trades at.

Bidcorp performance on trend

Bidcorp performance on trend

The food services group has maintained its earnings outlook for the year as its businesses in SA and China show signs of an improvement.

Choppies CEO faces the chop

Choppies CEO faces the chop

The mass retailer says it will decide on the action to take against Ramachandran Ottapathu once legal and forensic investigations are completed.

Wescoal resolves Vanggatfontein dispute

Wescoal resolves Vanggatfontein dispute

The coal producer expects the mine to return to full production early next month, two weeks ahead of schedule.

Rising costs eat into Pioneer’s profit

Rising costs eat into Pioneer’s profit

The branded food producer has maintained its interim dividend despite a slide in earnings.

Adcorp pays dividend as profits return

Adcorp pays dividend as profits return

The labour broking and outsourced services group says its 2019 results reflect the early successes of last year’s turnaround strategy.

Barloworld eyes Mongolian Caterpillar dealer

Barloworld eyes Mongolian Caterpillar dealer

The group has raised its interim dividend after a strong result from its southern Africa equipment business.

Amplats axes striking Mototolo workers

Amplats axes striking Mototolo workers

The platinum producer says the impact on production has been minimal after workers went on strike over medical aid benefits.

Aspen sells drug portfolio to cut debt

Aspen sells drug portfolio to cut debt

Global healthcare group Mylan has taken up its option to buy a drug portfolio from Aspen Global Inc.

Investec Property Fund offloads Australian units

Investec Property Fund offloads Australian units

The fund will use the proceeds from the sale to either pay down debt or invest in its Pan-European platforms.

Lewis flags strong results

Lewis flags strong results

After declining in the first half of the year, revenue from finance charges, initiation fees and insurance premiums picked up in the second half.

Acquisitions boost Richemont’s sales

Acquisitions boost Richemont’s sales

Yoox Net-a-Porter and Watchfinder & Co. lifted the luxury brands group’s full-year sales by more than a quarter.

Liberty stems outflows as turnaround gains traction

Liberty stems outflows as turnaround gains traction

The life assurer took remedial action last year to improve the value of new business, stem outflows and improve its financial performance.

New mine delivers for Pan African

New mine delivers for Pan African

The gold producer is on track to meet its annual production target as it shifts to a low-cost, long-life asset base.

Aspen close to dispensing infant formula business

Aspen close to dispensing infant formula business

The pharmaceuticals group’s high level of debt has concerned investors and the sale will help it deleverage its balance sheet.

AMCU loses bid to halt platinum merger

AMCU loses bid to halt platinum merger

The Competition Appeal Court has upheld the Competition Tribunal’s conditional approval of Sibanye-Stillwater’s takeover of Lonmin.

Investec shuts robo advisor as it prepares for demerger

Investec shuts robo advisor as it prepares for demerger

The group says it’s committed to listing Investec Asset Management as it positions its bank and wealth management business for future growth.

Strike weighs on Dis-Chem

Strike weighs on Dis-Chem

The discount pharmacy group gained market share and raised its full-year dividend by 8.5% despite the impact of the industrial action.

Datatec back in the black on Westcon turnaround

Datatec back in the black on Westcon turnaround

The ICT group isn’t paying a 2019 dividend but has bought back more than 10% of its own stock.

Santova navigates choppy waters

Santova navigates choppy waters

The group has raised its dividend by 7.1% to 7.5c despite encountering one of the toughest trading environments since the global financial crisis.

MTN Nigeria jumps on debut

MTN Nigeria jumps on debut

MTN listed its Nigerian business at 90 naira after disputed claims by Nigeria's Attorney General created uncertainty over its valuation.

Sorbet adds gloss to Long4Life

Sorbet adds gloss to Long4Life

The lifestyle investment group says revenue from the chain of beauty stores topped R100 million for the first time.

Liquor is TOPS at Spar

Liquor is TOPS at Spar

The supermarket and distribution group reported strong first-half sales from its liquor and hardware segments.

VAT increase weighs on Balwin Properties

VAT increase weighs on Balwin Properties

The property developer slashed its dividend as profit margins declined but it expects continued urbanisation to drive demand for its apartments.

Tough first half for Tharisa

Tough first half for Tharisa

Production was affected after it decided to reconfigure its open pit mine to make access easier.

No slowing Transaction Capital

No slowing Transaction Capital

The SA Taxi owner says it extended its track record of high-quality organic earnings growth, raising its interim dividend by 29%.

Spear REIT weathers the drought

Spear REIT weathers the drought

The Cape-focused real estate investment trust has delivered on its distribution guidance for its 2019 financial year.

Kumba expects rock solid results

Kumba expects rock solid results

The iron ore producer expects first-half earnings to be at least 160% up on last year.

Investec Property Fund strengthens offshore focus

Investec Property Fund strengthens offshore focus

The real estate investment trust’s 2019 distribution was supported by its investment in its Pan-European logistics platform.

MiX Telematics grows earnings on new subscribers

MiX Telematics grows earnings on new subscribers

The vehicle tracking and asset management solutions group is targeting similar growth in the year ahead.

Rebosis holds back on dividend as it pays down debt

Rebosis holds back on dividend as it pays down debt

The real estate investment trust had a tough first half, impairing the value of its UK investment by close to R2 billion.

Lighthouse Capital makes progress on strategy

Lighthouse Capital makes progress on strategy

The property investor is exiting its listed portfolio so it can grow its direct property and development assets.

Argent sees silver lining

Argent sees silver lining

The group expects to report a strong rise in full-year earnings after it downsized and restructured its operations.

Mazor cuts costs as it prepares for another tough year

Mazor cuts costs as it prepares for another tough year

The steel, aluminium and glass group says its tendering for as many contracts as possible in a constrained market.

Octodec prepares for lower second-half payout

Octodec prepares for lower second-half payout

The real estate investment trust says its payout has been affected by pressure on rental income growth and rising operating costs.

Vodacom’s earnings down on BEE deal

Vodacom’s earnings down on BEE deal

Stripping out the costs of the R16.4 billion scheme, full-year profit would have been 4.2% higher.

Calgro M3 at a loss after land invasions

Calgro M3 at a loss after land invasions

The affordable housing and memorial parks developer faced a series of obstacles last year that pushed it into a full-year loss.

Astral’s fortunes deteriorate

Astral’s fortunes deteriorate

Selling prices have fallen and costs have risen, resulting in a sharp decline in first-half earnings.<

Raubex’s earnings hit a donga

Raubex’s earnings hit a donga

The group says it’s rightsized its roads and earthworks businesses due to a big drop in business from the public sector.

Netcare feels the strain of local healthcare sector

Netcare feels the strain of local healthcare sector

The private hospitals group increased earnings due to the inclusion of Akeso Clinics as demand for mental healthcare services grew.

Rebosis jumps despite declining dividend

Rebosis jumps despite declining dividend

The real statement investment trust says the full-year dividend for its B shares will be as much as 76% lower than last year.

Drought continues to hamper Kaap Agri

Drought continues to hamper Kaap Agri

The agri-services group says the recovery in Wesgraan and the impact of new petrol stations will come through in the second half.

Pepkor forecasts higher earnings

Pepkor forecasts higher earnings

The retail group’s 2018 interim results were negatively affected by a R500 million provision.

Tharisa hit by lower sales, rising costs

Tharisa hit by lower sales, rising costs

The platinum and chrome producer sold less metal at a lower price, while costs rose due to reduced economies of scale.

Lonmin backs merger despite improved fortunes

Lonmin backs merger despite improved fortunes

The platinum producer says it’s still constrained by a capital structure that inhibits it from investment in new projects.

Value Group grows customers in tough economy

Value Group grows customers in tough economy

The distribution and logistics group has reported a sharp rise in earnings as it cut costs and found new customers.

Clover churns out higher earnings ahead of buyout

Clover churns out higher earnings ahead of buyout

The group, which is under a R4.8 billion takeover offer, will report a strong rise in profit after impairments affected its 2018 earnings.

Earnings jump as Altron completes restructuring

Earnings jump as Altron completes restructuring

The ICT and electronics group lifted full-year earnings by half as a number of its businesses won lucrative private and public-sector contracts.

AngloGold Ashanti may draw the curtain on SA

AngloGold Ashanti may draw the curtain on SA

The group says its remaining SA mine, Mponeng, requires further investment which could earn better returns elsewhere.

MTN prepared for Nigerian listing

MTN prepared for Nigerian listing

The network operator will list its Nigerian business this month after it received the approval of the country’s Securities and Exchange Commission.

Sappi sinks on soggy paper demand

Sappi sinks on soggy paper demand

The paper and pulp producer says full-year earnings are likely to be lower due to pricing pressure and global economic uncertainty.

Mondi wraps up a strong first quarter

Mondi wraps up a strong first quarter

The paper and packaging group said it benefitted from acquisitions, higher selling prices and a strong operational performance.

Oceana reports a strong catch

Oceana reports a strong catch

The producer of Lucky Star pilchards benefited from increased sales of canned fish but footed a much higher tax bill.

DRDGold rallies on higher production numbers

DRDGold rallies on higher production numbers

The mine dump reprocesser benefitted from last year’s acquisition of Far West Gold Recoveries from Sibanye-Stillwater.

Datatec flags a return to profit

Datatec flags a return to profit

The ICT group says it’s made good progress in reshaping its Westcon International business, while Logicalis and Analysys Mason have continued to do well.

Engine deal fuels Vivo Energy

Engine deal fuels Vivo Energy

The fuel and lubricants group says March’s volumes were 13% higher after it added 230 Engen garages to its network.

Steinhoff lays bare the cost of fraud

Steinhoff lays bare the cost of fraud

The embattled retail group has finally released its 2017 accounts and says sales for the subsequent two years are likely to be worse.

Late Easter dampens AB InBev’s beer sales

Late Easter dampens AB InBev’s beer sales

The world’s biggest brewer says SA and Argentina reported weaker consumption in the first quarter as consumer spending remained under pressure.

Wet weather dampens Wescoal production

Wet weather dampens Wescoal production

The coal producer says above average rainfall in Mpumalanga has affected its opencast mining operations.

GBK devours Famous Brands’ earnings

GBK devours Famous Brands’ earnings

The quick-service restaurant group will report a full-year basic loss and lower headline earnings after impairing its investment in the burger chain.

Massmart CEO quits after 20 years

Massmart CEO quits after 20 years

The supermarket group said the timing of Guy Hayward’s departure has yet to be confirmed but he plans to leave by year-end.

Redefine certain about uncertainty

Redefine certain about uncertainty

The real estate investment trust has increased its interim distribution by 4% and expects to maintain that if operating conditions don’t change.

Arrowhead revises distribution guidance

Arrowhead revises distribution guidance

Arrowhead Properties says a bigger-than-expected decline in subsidiary Indluplace's dividend this year will have a relatively small impact on its own distribution.

Brait’s New Look completes debt restructuring

Brait’s New Look completes debt restructuring

A series of transactions have trimmed Brait’s equity stake in the UK fashion chain to 18.5%.<

Efficient benefits from end of profit-share

Efficient benefits from end of profit-share

After exercising its option to end a profit share agreement, 100% of profits now accrue to the financial services group.

Investec Property Fund backs Australia listing

Investec Property Fund backs Australia listing

The fund says releasing some of its shares into this month’s listing will help it diversify its portfolio.

Indluplace warns of weaker dividend

Indluplace warns of weaker dividend

Continued vacancies at its Highveld View property and challenging trading conditions have forced the real estate investment trust to lower its guidance.

intu flags lower income as Roberts takes over

intu flags lower income as Roberts takes over

The property group’s new CEO says retail income will be up to 6% lower this year as more companies enter CVAs and tenants hold back.

Harmony maintains production guidance, raises costs

Harmony maintains production guidance, raises costs

The gold producer says higher all-in sustaining costs for the year to June take Eskom price increases into account.

Ascendis finds buyers for Biosciences businesses

Ascendis finds buyers for Biosciences businesses

A consortium of private equity groups and management will pay R480 million for the most of the businesses in the Ascendis Biosciences division.

Pembury falls short as it grows enrolments

Pembury falls short as it grows enrolments

The group is reviewing its investment in retirement villages as it focuses on growing learner numbers at its schools.

Brainworks returns to profit

Brainworks returns to profit

The investment holding company reported strong growth in revenue from its hospitality and property investments after exiting financial services.

CSG prepares for growth after tough year

CSG prepares for growth after tough year

The services company faced a number of challenges last year as it integrated security acquisitions, lost contracts and fell victim to fraud.

Sun International cuts Latam stake ahead of IPO

Sun International cuts Latam stake ahead of IPO

The hotels and casinos group is selling part of its interest in Sun Dreams in Chile to minority shareholder Pacifico.

Astral warns of weaker earnings

Astral warns of weaker earnings

The poultry producer says feed prices are up while selling prices have fallen.

Ingenuity maintains focus on the Western Cape

Ingenuity maintains focus on the Western Cape

The property investor says it expects to complete two new developments in Cape Town within the next six months.

Glencore lowers 2019 copper guidance

Glencore lowers 2019 copper guidance

First-quarter production was affected by flooding in Australia and safety-related stoppages and smelter outages in Zambia.

BUSINESS MAVERICK: Pick n Pay's Richard Brasher is getting the job done

BUSINESS MAVERICK: Pick n Pay's Richard Brasher is getting the job done

The surge in Pick n Pay's share price and sales suggests that the retailer is returning to its former glory days. Brasher, the Brit who was...

Oasis positioned for economic recovery

Oasis positioned for economic recovery

The bulk of the fund’s portfolio is in the Western Cape, with growing exposure to the logistics sector.

MTN Ghana rings up strong first-quarter sales

MTN Ghana rings up strong first-quarter sales

The mobile network operator has reported a strong rise in voice and data revenue for the three months to end-March.

Trematon grows investments in schools, property

Trematon grows investments in schools, property

The investment group has sold off mature assets so it can grow its schools business and invest in residential property.

MC aims to start Makhado construction by September

MC aims to start Makhado construction by September

The project will make MC Mining the top producer of high-grade metallurgical coal in the country.

Kibo gets go ahead for Tanzania project

Kibo gets go ahead for Tanzania project

The energy group will now enter talks to export energy from its MCCP project to other countries in the region.

Glencore faces another probe

Glencore faces another probe

The commodities giant says it will cooperate with an investigation by the US Commodity Futures Trading Commission.

Naspers switches MakeMyTrip for Ctrip stake

Naspers switches MakeMyTrip for Ctrip stake

Naspers obtained a 40% stake in MakeMyTrip two years ago through a merger with Ibibo Group.

Implats maintains targets despite power challenges

Implats maintains targets despite power challenges

The platinum producer expects to meet its full-year guidance, albeit at the lower end.

Pick n Pay lures customers with price cuts

Pick n Pay lures customers with price cuts

The supermarket group says a six-year strategy to build a leaner and fitter business is paying off.

Ellies back with a new board

Ellies back with a new board

After a tussle with shareholders in December, the consumer and commercial electronics group will ask them to ratify its new board of directors.

RDI tilts portfolio towards beds, sheds and desks

RDI tilts portfolio towards beds, sheds and desks

The real estate investment trust plans to continue reducing its exposure to the retail sector by disposing of shopping centre assets.

Vunani tumbles despite improved results

Vunani tumbles despite improved results

The financial services group has grown revenue by 21% due to strong showings from its commodities trading and advisory services businesses.

Gold Fields on track for 2-million ounce milestone

Gold Fields on track for 2-million ounce milestone

The gold producer expects to maintain its production profile at that level over the medium to long term.

Sibanye-Stillwater raises Lonmin offer

Sibanye-Stillwater raises Lonmin offer

The increases offer reflects the recent recovery in PGM prices, balanced against Lonmin’s financial constraints.

Anglo reports a mixed first quarter

Anglo reports a mixed first quarter

The diversified miner’s coal operations weighed on production as Minas-Rio in Brazil got back on its feet.

Santova hurt by weak trading conditions

Santova hurt by weak trading conditions

The logistics group expects to report a decline in full-year earnings due to the weak SA economy and the weaker British pound.

Wescoal declares force majeure at Vanggatfontein

Wescoal declares force majeure at Vanggatfontein

Production at the colliery will be suspended for six to eight weeks after the mining contractor was forced to fire all contract workers due to violent...

PSG gets a kicker from Capitec

PSG gets a kicker from Capitec

The bank now makes up two-thirds of PSG’s value from just over half a year ago.

Max disposal hits Life Healthcare’s earnings

Max disposal hits Life Healthcare’s earnings

The group will report lower first-half earnings partly due to costs related to the sale of its stake in Max Healthcare.

Value Group flags higher earnings

Value Group flags higher earnings

The group’s 2018 earnings were impacted by transaction costs for a black economic empowerment deal.

Slimmed down Astoria prepares to pay out

Slimmed down Astoria prepares to pay out

The company has changed its investment policy which has resulted in a capital payout to shareholders.

EPP sells shares to new investor

EPP sells shares to new investor

The Polish property group announced an accelerated bookbuild to bring a “significant” new investor on board.

Valuations scupper bid for RDI

Valuations scupper bid for RDI

The European shopping centre and hotel owner said a conditional proposal from the Australian property group undervalued the group.

Omnia rallies after ruling out rights issue

Omnia rallies after ruling out rights issue

The fertilizer and chemicals group has engaged with its main bankers to devise and implement a debt restructuring to ensure its long-term sustainability.

Economic headwinds stall CMH

Economic headwinds stall CMH

CEO Jebb McIntosh says with costs reduced to a minimum, all that’s missing is a boost to the group’s revenue line.

Mr Price brings A2X into fashion

Mr Price brings A2X into fashion

The exchange says Mr Price’s upcoming listing is an important milestone as it continues to attract listed companies from various sectors.

Indequity benefits from rand weakness

Indequity benefits from rand weakness

The short-term insurer’s strategic hedge against rand depreciation paid off in the first half of its financial year.

Atlantic Leaf makes progress in challenging year

Atlantic Leaf makes progress in challenging year

The property investor has changed to a UK REIT which it says should assist in its strategy to raise new capital from investors.

Delta secures more government leases

Delta secures more government leases

By signing 5-year lease agreements, the Department of Public Works will give the property fund more predictable earnings going forward.

enX eyes European expansion

enX eyes European expansion

The industrial group says the expansion strategy for its equipment division could include European countries outside the UK.

Sasol back on track after strong third quarter

Sasol back on track after strong third quarter

The group has made up for some lost production at its Second Synfuels Operations, while mining productivity is tracking ahead of last year.

Ingenuity expects five-fold rise in HEPS

Ingenuity expects five-fold rise in HEPS

The Western Cape property investor is in the process of buying back close to a third of its shares.

Shoprite reaches deal to curb Wiese’s control

Shoprite reaches deal to curb Wiese’s control

By eliminating the two-tier capital structure, the retailer says its stock is likely to be more appealing to institutional investors.

Trematon reduces its headline loss

Trematon reduces its headline loss

The group has investments in SA and UK property, as well as a majority stake in Generation Schools.

New EasyEquities clients rain on Purple

New EasyEquities clients rain on Purple

The fintech group has narrowed its losses due to a big improvement at its GT247.com derivatives business as it continues to build EasyEquities.

Tiger Brands to defend class action suit

Tiger Brands to defend class action suit

The claims of more than 1,000 victims are proceeding against the food producer in a single matter.

Just the right medicine from Clicks

Just the right medicine from Clicks

The pharmacy, health and beauty retailer has raised its interim dividend by 15% after a strong first half.

Mediclinic in recovery mode

Mediclinic in recovery mode

The private hospitals group says its 2019 results will be in line with expectations despite the challenging healthcare environment.

Pepkor flags higher earnings

Pepkor flags higher earnings

The retail group’s 2018 results were negatively affected by a R500 million provision.

Quantum Foods warns of lower earnings

Quantum Foods warns of lower earnings

The poultry group had a strong 2018 financial year due to higher egg prices and lower raw material costs.

Kibo hires Wimmer to manage debt raising

Kibo hires Wimmer to manage debt raising

The boutique investment bank will advise Kibo on African project financing as its African energy projects approach a final investment decision.

Massmart's sales start to recover

Massmart's sales start to recover

The retailer and wholesaler says it’s too soon to call the rise in first-quarter sales a trend.

PSG Konsult grows earnings despite weak markets

PSG Konsult grows earnings despite weak markets

The group has increased its dividend by 10% after its asset management and insurance divisions compensated for flat earnings from PSG Wealth.

Gold strike ends at Sibanye-Stillwater

Gold strike ends at Sibanye-Stillwater

The miner has resolved a five-month strike at its SA gold operations as it prepares to enter wage negotiations at its platinum mines.

EOH to cut debt with asset sales

EOH to cut debt with asset sales

The tech services group’s shares have doubled over the past week despite it swinging to a first-half loss.

Zeder’s value falls on weak sentiment

Zeder’s value falls on weak sentiment

Share prices of the investment group’s portfolio of companies have declined sharply over the past year.

Nu-World grows earnings in tough market

Nu-World grows earnings in tough market

The consumer electronics and liquor group has maintained market share by introduction more brands and new models of electronic goods.

Steinhoff may settle with claimants

Steinhoff may settle with claimants

The furniture retailer wants more detail about who the claimants are and how big their shareholdings were.

Insimbi warns of lower earnings

Insimbi warns of lower earnings

The group says margins came under pressure as the US/China trade stand-off and Brexit weighed on commodity prices, while fuel prices went up.

Sabvest invests in cryptocurrency startup

Sabvest invests in cryptocurrency startup

The investment group is buying a 30% stake in Revix for R11 million as it invests alongside its founders.

Orion suspends trade ahead of fund raising

Orion suspends trade ahead of fund raising

The minerals explorer plans to issue more shares and introduce a larger empowerment shareholding as it moves ahead with its Prieska Project.

Bumper crop from Kaap Agri

Bumper crop from Kaap Agri

The farming community retailer and agri-services group will post a sharp rise in first-half sales as it expands and gains market share.

New Frontier considers delisting

New Frontier considers delisting

The UK and continental Europe property investor is looking for ways to protect the value of its assets due to Brexit.

Special div as Gemfields sells Jupiter

Special div as Gemfields sells Jupiter

The group has sold its remaining stake in ASX-listed Jupiter as it focuses on its coloured gemstone operations.

Purple Group reduces losses

Purple Group reduces losses

The financial services group has prepared investors for a much smaller first-half loss.

Spear bolsters Western Cape industrial assets

Spear bolsters Western Cape industrial assets

The real estate investment trust is paying R112 million for the Radnor Road Distribution Centre.

Unexpected developments delay AEEI’s results

Unexpected developments delay AEEI’s results

The investment group says it still hopes to release its interim results before the end of May deadline.

EOH warns of hefty loss

EOH warns of hefty loss

The company will report a big loss when it releases first-half results tomorrow due to a number of impairments and write-downs.

Brimstone pulls out of Clover deal due to Israeli connection

Brimstone pulls out of Clover deal due to Israeli connection

The empowerment group bowed to shareholder and community pressure due to the inclusion of an Israeli company in the transaction.

Jasco benefits from acquisition, ICT contracts

Jasco benefits from acquisition, ICT contracts

The group has swung back to a profit and plans to review its capital structure to unlock potential future growth opportunities.

Higher taxes to upset Oceana’s catch

Higher taxes to upset Oceana’s catch

The fishing group says first-half gross profit rose sharply but higher taxes will result in lower earnings.

Grand Parade chair still has skin in the game

Grand Parade chair still has skin in the game

The gaming and leisure group says Hassan Adams and his associates remain significant shareholders following last week share sale.

Tharisa’s production picks up despite blackouts

Tharisa’s production picks up despite blackouts

The platinum and chrome producer says it’s back on track to meet its Vision 2020 targets following improvements at its mining operations.

Altron rallies on profit forecast

Altron rallies on profit forecast

More dividends lie ahead after the IT and electronics group said it expected a strong rise in full-year earnings.

Cashbuild lifted by new stores

Cashbuild lifted by new stores

Third-quarter growth was driven entirely by the new stores opened or acquired since the start of its 2018 financial year.

Zeder marks down its investment in Pioneer

Zeder marks down its investment in Pioneer

The investment group’s value has dropped following a 37% slide in Pioneer Foods’ share price.

Sibanye-Stillwater gets cash upfront for gold

Sibanye-Stillwater gets cash upfront for gold

Combined with this week’s equity raise, the gold and platinum producer has access to about R10 billion of undrawn credit.

Steinhoff’s Conforama secures funding arrangement

Steinhoff’s Conforama secures funding arrangement

The French retailer says the capital will ensure the stability of its capital structure and operations.

AH-Vest benefits from improved capacity

AH-Vest benefits from improved capacity

The branded sauces company invested in plant and equipment in the six months to end-December for its Veri Peri line of sauces.

Sibanye raises R1.7 billlion capital buffer

Sibanye raises R1.7 billlion capital buffer

The gold and platinum producer sold close to 109-million shares at R15.50 each to existing and new institutional investors.

enX still mulling options for fleet management unit

enX still mulling options for fleet management unit

The industrial holding group says it’s also reviewing other opportunities to create more shareholder value.

PSV in talks to raise capital

PSV in talks to raise capital

The industrial holding company gave no further details but the capital injection follows the sale of a stake to Regis Holdings last year.

Barloworld broadens black ownership in R3.5 billion transaction

Barloworld broadens black ownership in R3.5 billion transaction

The industrial conglomerate is selling a portfolio of its SA property to black investors, including employees, management and the broader public.

Value Capital raises the stakes in Grand Parade

Value Capital raises the stakes in Grand Parade

The activist investor has grown its shareholding to above 20% as chairman Hassan Adams reduces his stake.

Santova expands its European offering

Santova expands its European offering

The logistics group will pay up to €1.92 for MLG Maritime Cargo Logistics as it expands its global presence.

Arrowhead and Gemgrow plan merger

Arrowhead and Gemgrow plan merger

The real estate investment trusts say a single listing will create a simpler group structure and benefit shareholders.

Business Maverick: Are South African cellphone companies becoming a new form of African government ATM machine?

Business Maverick: Are South African cellphone companies becoming a new form of African government ATM machine?

First, the Nigerian government imposed massive fines of MTN in disputed circumstances for notional regulatory infractions. Now the executives of Vodacom's Tanzanian business have been arrested...

Sibanye plans capital raise as strike continues

Sibanye plans capital raise as strike continues

The gold and platinum producer plans to raise R1.8 billion to tide it over but may resume dividend payments if all goes well.

Rolfes rallies as CEO buys shares

Rolfes rallies as CEO buys shares

In what could be seen as a vote of confidence, Richard Buttle has spent more than half a million rand on the company’s shares.

Jasco flags a return to profit

Jasco flags a return to profit

The electronics group’s ICT businesses have benefitted from higher spend in the telecommunications sector.

Murray’s Dubai dispute nears an end

Murray’s Dubai dispute nears an end

Dubai’s Department of Civil Aviation and the HMRT joint venture have to agree on a final account for the cancelled Dubai International Airport contract.

Indequity benefits from investment gains

Indequity benefits from investment gains

The short-term insurer expects to report a strong rise in first-half earnings helped by a rise in investment income.

Premier Fishing lifted by squid acquisition

Premier Fishing lifted by squid acquisition

The fisheries group says it’s seeing the benefits of last year’s acquisition of Talhado Fishing Enterprises.

Sibanye wants gold strike declared unprotected

Sibanye wants gold strike declared unprotected

AMCU says a verification process into membership numbers at Sibanye’s gold mines was flawed and the company was premature in declaring victory.

Afrimat enters bid for Universal Coal

Afrimat enters bid for Universal Coal

A consortium including JSE-listed Wescoal terminated negotiations for Universal after failing to get the recommendation of the junior coal miner’s board.

Sirius flags strong results as its exits non-core properties

Sirius flags strong results as its exits non-core properties

The German property investors expects like-for-like growth in rental income to top the 6.2% it reported last year.

Pick n Pay claims market share gains

Pick n Pay claims market share gains

The retailer says turnover rose by a market-beating 9.6% in the 53 weeks to 3 March, with like-for-like volumes up 5.1%.

IAPF revises distribution guidance upwards

IAPF revises distribution guidance upwards

Investec Australia Property Fund expects growth in its post-withholding tax distribution to be higher than previously forecast.

ADvTECH wraps up Monash deal

ADvTECH wraps up Monash deal

The private education group also welcomed a High Court judgement that law degrees from private institutions should be recognised by the Law Society.

New CEO to drive MAS strategy

New CEO to drive MAS strategy

The European property investor has appointed former banking executive Werner Behrens as CEO from 1 May.

Steinhoff buys more time for results release

Steinhoff buys more time for results release

The “track and trace” process required to ensure appropriate adjustments of accounting irregularities has proved to be more complex and time-consuming than expected.

Afrimat flags a rebound in earnings

Afrimat flags a rebound in earnings

The construction materials group expects to report a rise of between 20% and 30% in full-year earnings.

Oando to cut debt with Axxela sale

Oando to cut debt with Axxela sale

The energy firm’s auditors say there’s material uncertainty about its ability to continue as a going concern as its liabilities exceed its assets.

Murray joint venture wins Snowy Mountains tender

Murray joint venture wins Snowy Mountains tender

The group has been looking for new complementary markets to support its order book in Australia.

Gamsberg project pushes ELB into first-half loss

Gamsberg project pushes ELB into first-half loss

The engineering group and capital equipment supplier says it’s pursuing all possible recoveries, including insurance claims, back charges, and project asset sales.

Fortress delays PwC report back

Fortress delays PwC report back

PwC was commissioned by a subcommittee to investigation share trading activities and historic related-party transactions for any signs of malfeasance.

intu appoints CFO to replace David Fischel as CEO

intu appoints CFO to replace David Fischel as CEO

CFO Matthew Roberts will try to revive the shopping centre operator after a tough year and a number of abandoned takeover bids.

Premier Fishing forecasts bigger catch

Premier Fishing forecasts bigger catch

The fisheries group has flagged a rise of as much as 30% in first-half earnings.

Wilderness hits back at Gazette reports

Wilderness hits back at Gazette reports

The ecotourism operator says due to its proposed delisting it wants to clear up the facts.

Vukile sells shares to grow Spanish portfolio

Vukile sells shares to grow Spanish portfolio

The real estate investment trust said proceeds of its R700 million book build would be used for opportunities in Spain.

Quilter bulks up advisory business with Lighthouse deal

Quilter bulks up advisory business with Lighthouse deal

The wealth management group says the deal will secure its position in the UK financial advice market as it consolidates.

EOH sets deadline for public sector contract probe

EOH sets deadline for public sector contract probe

The tech services group aims to wind up its investigation by the end of May so it can clear its reputation after Microsoft terminated partnership agreements.

Sirius completes asset disposal programme

Sirius completes asset disposal programme

The real estate investor says it is now focused on growing its branded office parks in Germany’s big seven cities.

BUSINESS MAVERICK: The curious duality of SA's first business quarter

BUSINESS MAVERICK: The curious duality of SA's first business quarter

The Johannesburg Stock Exchange is up as the curtain closes on the first quarter of 2019, which will cheer the bruised bank accounts of SA's investors....

BHP reviews guidance after Tropical Cyclone Veronica

BHP reviews guidance after Tropical Cyclone Veronica

The diversified mining group says its initial estimate is for a 6 to 8 million tonne reduction in output from Western Australia Iron Ore.

Steinhoff investors delay their day in court

Steinhoff investors delay their day in court

Aggrieved European shareholders and the retailer have agreed to postpone legal proceedings until 15 May.

York Timber sells outlier plantation to Sappi

York Timber sells outlier plantation to Sappi

The timber producer said the commercial forestry assets were too far from its processing operations.

Accéntuate floored by acquisition

Accéntuate floored by acquisition

After reporting a first-half loss, the infrastructure supplies group is selling Pentafloor back to the original owners.

Wesizwe aims lower with Bakubung mine

Wesizwe aims lower with Bakubung mine

The platinum developer has reported a headline loss for 2018 and now plans to get a smaller mine up and running.

Raubex hampered by potholes

Raubex hampered by potholes

The group expects to declare a final dividend of between 15c and 23c per share due to a decline in full-year earnings.

Slicker Oando benefits from higher oil prices

Slicker Oando benefits from higher oil prices

The Nigerian oil producer has cut debt and improved earnings and says there’s scope to resume dividend payments.

Atlatsa gets debt reprieve as it winds down

Atlatsa gets debt reprieve as it winds down

The platinum mining and exploration group reported a lower loss for 2018 as it prepares to buy out minorities and go private.

Schroder completes warehouse redeployment

Schroder completes warehouse redeployment

The European property investor has redeployed all of the proceeds from last year’s sale of low-yielding retail properties into more lucrative logistics assets.

Trencor withholds dividend as it mulls Textainer listing

Trencor withholds dividend as it mulls Textainer listing

The group is preserving cash after buying back shares worth R100 million as it considers an inward listing of US investment Textainer.

AYO credits contract win for strong growth

AYO credits contract win for strong growth

The technology company has more than tripled first-half earnings and hopes to win more lucrative contracts with multi-nationals.

Phumelela battles over hurdles

Phumelela battles over hurdles

The horse racing and sports betting business plans to downsize after reporting weaker results from its local operations.

Calgro M3 prepares investors for a loss

Calgro M3 prepares investors for a loss

The housing developer says it’s taken steps to address the issues it can control and is awaiting an insurance claim for those it can’t.

Brainworks stalls results on currency uncertainty

Brainworks stalls results on currency uncertainty

The hotels and real estate investor expects to report a profit after paying down debt and existing the financial service sector.

Adcorp rallies as profit returns

Adcorp rallies as profit returns

The outsourced services and labour broking group says full-year profit will rise as much as 253%.

4Sight plans further expansion offshore

4Sight plans further expansion offshore

The new-age technology group plans to grow in the Americas after its first full year on the JSE.

Conduit Capital hit by Constantia underwriting loss

Conduit Capital hit by Constantia underwriting loss

The investment holding company expects its insurance business to achieve an underwriting profit in the second half of the year.

Business Maverick: Capitec’s results show the heat is on in banking

Business Maverick: Capitec’s results show the heat is on in banking

Capitec's results on Thursday were more keenly watched than normal because of a slew of new entrants into the banking field. The company reported good results,...

Steinhoff offloads Unitrans

Steinhoff offloads Unitrans

The retailer hasn’t disclosed how much it expects for the motor dealership after selling its remaining stake in KAP Industrial for R4.8 billion earlier this week.

Capitec jumps as it draws more customers

Capitec jumps as it draws more customers

The bank reported a rise in transaction fees as it grew active customer numbers to 11.4-million.

Anchor maintains earnings in tough market

Anchor maintains earnings in tough market

The financial services group says it was affected by weak investment markets and reduced activity on the JSE, which resulted in lower brokerage.

Jubilee Metals swings to profit as projects come onstream

Jubilee Metals swings to profit as projects come onstream

The processor of surface materials produced almost twice as much platinum group metals last year at costs below the industry average.

Netcare pays dearly to keep the lights on

Netcare pays dearly to keep the lights on

The private hospitals group expects to pay over R10 million this year to keep generators running at its hospitals during load shedding.

TeleMasters loses GSM customers as it shifts to the cloud

TeleMasters loses GSM customers as it shifts to the cloud

The telecommunication systems business plans to acquire complementary businesses this year to improve its offering.

Unicorn completes conversion

Unicorn completes conversion

The mining services group says it’s completed its conversion to an investment holding company, with a strong rise in first-half earnings.

Workforce benefits from diversification

Workforce benefits from diversification

The group is growing earnings from non-staffing businesses and says it’s likely to continue benefitting from government incentives.

Trellidor rides on London Underground

Trellidor rides on London Underground

The security products and blinds group expects to gain more traction from projects in the UK as growth at home dwindles.

Steinhoff sells KAP stake for R4.8 billion

Steinhoff sells KAP stake for R4.8 billion

The retailer’s shares rose after it sold the investment to help reduce debt and boost working capital.

Rhodes grows sales in challenging environment

Rhodes grows sales in challenging environment

Five-month sales are up but profit margins are under pressure due to low price inflation the lingering impact of the drought.

RDI confirms takeover interest

RDI confirms takeover interest

The real estate investment trust’s shares rallied after it confirmed a takeover approach from ASX-listed Cromwell Property Group.

Tiso Blackstar hit by impairments as it cuts costs

Tiso Blackstar hit by impairments as it cuts costs

The media and print & packaging group isn’t paying a dividend as it focuses on reducing debt and selling its non-core steel assets.

Eastplats gets first revenue from Crocodile River

Eastplats gets first revenue from Crocodile River

At full capacity, the tailings retreatment project is expected to generate cash flows from offtake of about $1 million a month for about five years.

Master Drilling geared up for 2019

Master Drilling geared up for 2019

The drilling specialist says it has a stable order book and a healthy pipeline of work, with increased enquiries for its services.

Ethos Capital sees opportunities in uncertain times

Ethos Capital sees opportunities in uncertain times

The private equity investor says it’s in a position to take advantage of attractive valuations for unlisted companies across sub-Saharan Africa.

Ecsponent takes control of MyBucks

Ecsponent takes control of MyBucks

Despite a short-term decline in earnings, the credit provider says the investment will realise significant value in the medium term.

Alex Forbes to exit insurance

Alex Forbes to exit insurance

The group says a focus on its employee benefits business is aimed at delivering optimal value for stakeholders.

Delta secures longer-term government leases

Delta secures longer-term government leases

By signing 5-year lease agreements, the Department of Public Works will give the property fund more predictable earnings going forward.

Steinhoff offloads KAP to reduce debt

Steinhoff offloads KAP to reduce debt

The retailer will sell its remaining 26% stake in the industrial group if it can achieve an acceptable price for the stock.

South Ocean aims for profits after Radiant

South Ocean aims for profits after Radiant

The electrical cable manufacturer believes action taken over the past year will improve profitability.

Gemfields eyes London listing

Gemfields eyes London listing

The coloured gemstone group aims to become the “De Beers of coloured gemstones” through its mine-to-market model.

Strike whittles away York Timber’s earnings

Strike whittles away York Timber’s earnings

The timber producer has reported an interim loss but says revenue that wasn’t generated during the period will be recovered.

Naspers plans Euronext listing

Naspers plans Euronext listing

The global internet giant hopes to increase value for shareholders while reducing its disproportionate weighting on the JSE.

Murray expands in the Americas

Murray expands in the Americas

The engineering and construction group made the announcement as German suitor ATON extended its mandatory offer by three months.

Microsoft severs more ties with EOH

Microsoft severs more ties with EOH

The global software giant has given notice to a number of other EOH companies after terminating agreements with EOH Mthombo last month.

No April fool as Aspen prepares for A2X

No April fool as Aspen prepares for A2X

The pharmaceuticals group says listing on the exchange provides the prospect of increasing its shareholder base.

Lonmin still sees Sibanye as its saviour

Lonmin still sees Sibanye as its saviour

Shareholders will get to vote on the transaction if the Competition Appeal Court finds in its favour.

KayDav rewards shareholders as earnings rise

KayDav rewards shareholders as earnings rise

The group credited better control of costs and credit for a big rise in profit last year.

Brait closing out Fleet scheme

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 its guns in Nigeria

MTN says it remains committed to listing its Nigerian business and will defend itself against allegations by the Central Bank and Attorney General.

Materials save Raubex as roads crumble

Materials save Raubex as roads crumble

The roadbuilding and construction group is right-sizing its roads business due to a big slowdown in work from SANRAL.

Katanga restart boosts Glencore’s cobalt output

Katanga restart boosts Glencore’s cobalt output

The commodities producer and trader has cut its full-year oil production guidance by 6% but has maintained its other guidance.

Richemont targets rich Chinese through Alibaba

Richemont targets rich Chinese through Alibaba

The group say the partnership is aimed at providing its luxury brands enhanced access to the vast Chinese market.

Wescoal in talks to acquire Universal stake

Wescoal in talks to acquire Universal stake

The coal miner is negotiating to join a consortium of investors that has made a bid to buy ASX-listed Universal Coal.

ITL takes Africa Global Funds award

ITL takes Africa Global Funds award

The Mauritius-based financial and fiduciary services firm has been acknowledged as the best administrator of investment funds on the continent.

Clicks beats the winter blues with strong earnings

Clicks beats the winter blues with strong earnings

The retailer has reported a strong rise in earnings despite pressure on consumers and depressed cold and flu medicine sales.

AB InBev halves dividend as it tackles debt

AB InBev halves dividend as it tackles debt

The global brewing giant has a long way to go to meet its objective of reducing net debt to two times EBITDA.

Altron resumes dividends as restructuring pays off

Altron resumes dividends as restructuring pays off

The ICT group has paid its first dividend in over two years after selling non-core businesses and reducing debt.

Winter sales and weak rand benefit Truworths

Winter sales and weak rand benefit Truworths

The retailer’s end-of-winter sale commenced at the start of its new financial year, while the weaker rand boosted revenue from the UK

Long4Life beds down acquisitions

Long4Life beds down acquisitions

The investment group says its operating businesses have delivered according to expectations despite the challenging economic climate.

Famous Brands’ UK burger chain enters CVA

Famous Brands’ UK burger chain enters CVA

The Company Voluntary Arrangement will give Gourmet Burger Kitchen space to restructure to help ensure its financial viability into the future.

Howden offers minorities big delisting premium

Howden offers minorities big delisting premium

The gas handling equipment supplier said the R44 per share gives minorities a unique opportunity to exit their holdings of the illiquid stock.

Anglo revises platinum production higher after strong quarter

Anglo revises platinum production higher after strong quarter

The diversified miner produced 1% more metal and diamonds across its operations in the three months to September.

intu’s value falls ahead of takeover bid

intu’s value falls ahead of takeover bid

The shopping centre owner has lowered the value of its properties due to negative sentiment towards retail property in the UK.

Astoria maintains equity position despite volatility

Astoria maintains equity position despite volatility

The investment group says it continues to engage with major shareholders on ways to unlock value due to its discount to NAV.

Howden flags weaker earnings ahead of possible delisting

Howden flags weaker earnings ahead of possible delisting

Howden Africa released a trading update ahead of a possible offer to minority shareholders and take the company private.

Calgro M3 conserves cash after tough first half

Calgro M3 conserves cash after tough first half

The affordable housing developer has had to adjust to new accounting rules, while extra costs piled up due to illegal land occupations.

Verimark proposes delisting after volatile first half

Verimark proposes delisting after volatile first half

The retailer and direct marketing company has received notice from the Van Straaten Family Trust of its plans to buy out minority shareholders.

Lonmin strikes new loan deal before takeover

Lonmin strikes new loan deal before takeover

The $200 million raised from China’s state-backed Pangaea Investments will be used to settle current restrictive loans and provide more liquidity.

Octodec maintains distribution in challenging economy

Octodec maintains distribution in challenging economy

The REIT says it plans to consolidate its portfolio this year as it positions itself for sustainable growth.

Clover rallies on acquisition talks

Clover rallies on acquisition talks

The dairy and drinks group says a third party is interested in buying its entire share capital.

intu mulls 215p per share takeout offer

intu mulls 215p per share takeout offer

An investment consortium has revised an earlier indicative offer higher to an effective 210.4p per share after allowing for intu’s interim 4.6p dividend.

Santova taps into India trade route

Santova taps into India trade route

The group has bought SAI Logistics to benefit from trade between the world’s second most populous nation and the UK.

Steinhoff wins another reprieve

Steinhoff wins another reprieve

More than 85% of the retailer's creditors have agreed to give in an extra month to set its restructuring in motion.

Calgro’s earnings decimated after tough 6 months

Calgro’s earnings decimated after tough 6 months

The developer says headline earnings per share will be virtually wiped out after one of the most difficult periods ever.

Datatec recovery set to continue

Datatec recovery set to continue

The ICT group says an improved performance across its divisions should carry on for the rest of the year

Resilient releases Fakie report as it engages with investors

Resilient releases Fakie report as it engages with investors

The report compiled by former auditor general Shauket Fakie clears the REIT of wrongdoing but investors want more answers.

PSG Interim Results

PSG Interim Results

Against an especially difficult background, PSG Konsult presented a very strong set of results for the six months to end August 2018.

Uber and Lyft Race Toward IPOs Next Year as Banks Line Up

Uber and Lyft Race Toward IPOs Next Year as Banks Line Up

Uber Technologies Inc. and Lyft Inc. are solidifying plans for initial public offerings next year, when a wide pool of investors will decide what the money-losing...

Mediclinic stock concussed by weak update

Mediclinic stock concussed by weak update

Shares in the private hospitals group sank as much as 21% after it warned of a decline in first-half earnings.

Dis-Chem to step up store roll-out

Dis-Chem to step up store roll-out

The discount pharmacy chain opened seven new stores in the six months to end-August and has opened two more since then.

Insimbi’s earnings fall despite best quarter ever

Insimbi’s earnings fall despite best quarter ever

The refractory and alloy supplies group says margins came under pressure in the first quarter and it faced rising costs.

Cashbuild buys sales in tough economy

Cashbuild buys sales in tough economy

First-quarter sales are up from a year ago due to the 27 stores it’s opened since July 2017.

Tough economy puts brakes on CMH’s earnings

Tough economy puts brakes on CMH’s earnings

The motor dealer and car rental group says it will have performed well if it can maintain growth in full-year headline earnings.

Pick n Pay lures customers with lower prices

Pick n Pay lures customers with lower prices

The supermarket chain says volumes rose 3.5% in its first half as it cut prices on 2 500 everyday grocery lines.

British American Tobacco not as big in Japan

British American Tobacco not as big in Japan

The tobacco giant has revised down the revenue it expects to generate from cigarette alternatives this year to £900 million from £1 billion.

PSG’s investments deliver “commendable” performance

PSG’s investments deliver “commendable” performance

The investment holding company has reported a 22% increase in recurring earnings per share and lifted its dividend by 10%.

Adcorp profitable after clean-up

Adcorp profitable after clean-up

The group said the clean-up of its operations last year enabled the new leadership team to gain an understanding of its true financial position.

Balwin’s profits rise as developments get back on track

Balwin’s profits rise as developments get back on track

Property developments that were delayed by slow town-planning approvals last year are currently under construction.

Famous Brands impairs UK burger chain again

Famous Brands impairs UK burger chain again

The casual dining restaurant group said it was prudent to impair the value of Gourmet Burger Kitchen due to its sustained underperformance.

Steinhoff buys more time with creditors

Steinhoff buys more time with creditors

The retailer reassured investors that it has made substantial progress in negotiations with creditors.

Famous Brands’ UK burger chain may enter business rescue

Famous Brands’ UK burger chain may enter business rescue

London’s Sunday Times reported that Gourmet Burger Kitchen may launch a formal company voluntary arrangement due to tough conditions for UK restaurants.

Tiger gets listeriosis all-clear at Germiston plant

Tiger gets listeriosis all-clear at Germiston plant

Production was set to resume at the factory on Friday, with the exception of its ready-to-eat chilled processed meats.

PSG flags a strong first half

PSG flags a strong first half

The investment holding company said the majority of its core investments reported “commendable” recurring earnings over the six-months to end-August.

Kumba winds up Thabazimbi transfer

Kumba winds up Thabazimbi transfer

The iron ore producer has sold the closed Thabazimbi mine to ArcelorMittal SA for a nominal R1.

Atlantic Leaf cushioned by stronger industrial sector

Atlantic Leaf cushioned by stronger industrial sector

The UK property investor has been shielded from the weak retail sector by its larger exposure to industrial and office properties.

Resilient logistics lift Equites

Resilient logistics lift Equites

The property fund is buying strategic land holdings in SA so it can develop emerging logistics nodes.

Mondi supported by higher prices

Mondi supported by higher prices

The paper and packaging group says rising operating costs were more than offset by higher selling prices in the third quarter.

PSG Konsult grows assets in tough market

PSG Konsult grows assets in tough market

The group says it increased its market share as total assets under management jumped 19% to R230 billion.

Newpark cuts dividend as vacancies rise

Newpark cuts dividend as vacancies rise

The JSE’s landlord lost a large tenant at its 24 Central mixed-used complex and says its full-year distribution is also likely to be lower.

Stefanutti jumps on earnings forecast

Stefanutti jumps on earnings forecast

Even without the restatement of last year’s results due to new accounting standards, earnings will still be higher.

Naspers drags JSE down in global tech rout

Naspers drags JSE down in global tech rout

The US/China trade war, rising US interest rates and a shift out of tech shares have pushed global markets lower.

AfroCentric takes control of Activo

AfroCentric takes control of Activo

The MedScheme owner says the transaction is consistent with its strategy of expanding its mediation distribution network.

Zeder reaps more from its investments

Zeder reaps more from its investments

While the agribusiness’s shares remain under pressure, earnings have recovered at most of its underlying investments.

Netflix, already a studio in all but name, is buying a studio

Netflix, already a studio in all but name, is buying a studio

Netflix Inc. is buying its first production studio, the New Mexico facility used to make "The Avengers'' and "Sicario,'' to accommodate its growing output of original...

Tharisa on track with 2020

Tharisa on track with 2020

The low-cost platinum and chrome producer remains on track to meet its 2020 targets after beating its guidance over the past year.

Sirius says rentals are on the rise

Sirius says rentals are on the rise

The German-focused property group says organic rental growth is up despite some large move outs at the start of the year.

Datatec in the cloud with Microsoft partner

Datatec in the cloud with Microsoft partner

The group’s Logicallis subsidiary has bought Australian Microsoft Azure partner Computer Network Integration.

Emira diversifies with Transcend stake

Emira diversifies with Transcend stake

The property fund has acquired a 9.9% stake in Transcend and has committed to raise its holding above 25% in the next 18 months.

JSE reopens 2016 Invicta share probe

JSE reopens 2016 Invicta share probe

Subsidiary Humulani bought 1.88 million shares from two of the group’s directors in 2015 without the proper authority.

intu soars on potential takeover

intu soars on potential takeover

After being shunned by rival Hammerson in April, intu’s shares jumped as much as 30% on Friday on renewed takeover prospects.

Steinhoff bounces on Mattress Firm bankruptcy plan

Steinhoff bounces on Mattress Firm bankruptcy plan

The court-supervised prepackaged financial restructuring will help Mattress Firm strengthen its balance sheet and optimise its store footprint.

Tongaat warns of earnings slide

Tongaat warns of earnings slide

Sugar prices remain under pressure and the group sold less than one developable hectare of land in the six months to end-September.

Phumelela benefits from global appeal

Phumelela benefits from global appeal

While the sports betting group was affected by the weak SA economy it said it retained its appeal in international markets.

Pioneer Foods still taking strain

Pioneer Foods still taking strain

Shares in the food producer sagged after it indicated that growth had slowed in the second half of its financial year.

Steinhoff’s Mattress Firm on the ropes?

Steinhoff’s Mattress Firm on the ropes?

Unsubstantiated reports say the US’s largest mattress retailer could file for bankruptcy protection this week.

EOH in a loss after disastrous year

EOH in a loss after disastrous year

The technology outsourcing group has restructured its business into two operations under a new CEO.

Group Five rallies on Intertoll correction

Group Five rallies on Intertoll correction

The group plans to reduce its stake in Intertoll Capital Partners to 10% and not the 40% stated in its results this week.

Aveng sells rail business for R133 million

Aveng sells rail business for R133 million

Aveng Rail has been sold to empowerment group Mathupha Capital which aims to become a fully-fledged railway solutions provider.

Group Five takes steps to stem losses

Group Five takes steps to stem losses

The engineering, construction and infrastructure group has burned its fingers badly in Ghana and is reassessing other potentially risky contracts.

Datatec flags return to profitability

Datatec flags return to profitability

The information and communications technology group says it’s had a strong start to the year following the reshaping of Westcon International.

Sirius acquires another German business park

Sirius acquires another German business park

The German-focused property group says it’s close to completing the deployment of its €100 million war chest.

Northam inks 3-year wage deal

Northam inks 3-year wage deal

The platinum miner says the Zondereinde deal provides for continuity and certainty at the mine.

Texton’s troubles mount

Texton’s troubles mount

The property fund has faced a number of challenges as it nears the end of a portfolio rationalisation.

Zeder to harvest more from its investments

Zeder to harvest more from its investments

The food and agribusiness investment company expects a strong rise in interim profit due to a recovery in its underlying investments.

Alex Forbes soars on CEO appointment

Alex Forbes soars on CEO appointment

The financial services group has moved quickly to replace Andrew Darfoor, whose services were terminated last week.

Conduit’s insurance business gains traction

Conduit’s insurance business gains traction

Constantia reduced its net underwriting loss by three quarters but earnings from its investment portfolio declined over the year.

Life Healthcare fighting fit

Life Healthcare fighting fit

The private hospitals group has reported strong revenue growth across its core geographies as it prepares to sell its business in India.

Grand Parade flips more burgers

Grand Parade flips more burgers

The investment group has reduced losses at its Burger King franchise as it met its deadline to open 80 corporate stores.

Trencor considers share buybacks due to NAV gap

Trencor considers share buybacks due to NAV gap

The company trades at a significant discount to the value of its investment in NYSE-listed Textainer.

Invicta forks out more to placate SARS

Invicta forks out more to placate SARS

The engineering and capital equipment group says the tax dispute has hampered its ability to use equity to fund its expansion.

Choppies on the block

Choppies on the block

Trade in the retailer’s shares was halted in Botswana and Johannesburg before it released more detail on why its results were being delayed.

Adcorp’s fortunes improve

Adcorp’s fortunes improve

The labour broker and staffing group expects a return to profit for the six months to end-August following ‘clean up’.

Netcare falls on ailing economy

Netcare falls on ailing economy

The private hospital group has also hit a brick wall in its attempts to influence government policy and the Competition Commission’s healthcare inquiry.

Tiso builds on new revenue streams

Tiso builds on new revenue streams

The investment group says it’s been able to compensate for a decline in traditional advertising through digital streams.

Capitec serious about business

Capitec serious about business

The bank says it’s entering the SME market regardless of whether it is successful in its bid to buy Mercantile Bank.

OM shareholders prepare for Nedbank windfall

OM shareholders prepare for Nedbank windfall

Nedbank says it’s considering an odd-lot offer as the majority of its new shareholders will hold less than 100 shares each.

Steinhoff loses bid to halt Dutch court

Steinhoff loses bid to halt Dutch court

The Amsterdam District Court has told the group to submit its statement of defence against the Dutch Investors’ Association in early November.

Howden Africa plans to leave the JSE

Howden Africa plans to leave the JSE

The group has no plans to raise equity capital and says it will be easier to strike an empowerment deal in an unlisted environment.

Motus gears up for November debut

Motus gears up for November debut

The automotive group says an independent listing will give it the room to pursue independent strategic initiatives, using its own balance sheet

Aveng getting back on track

Aveng getting back on track

The struggling engineering and construction group says it has enough cash to keep operating for the foreseeable future.

Altron disposals boost earnings

Altron disposals boost earnings

The IT and electronics group is reducing its exposure to the manufacturing sector as it offloads non-core assets.

Ascendis sharpens its focus

Ascendis sharpens its focus

The healthcare group is aiming to increase organic growth following a spate of acquisitions.

L2D says it's recovering from tough 2017

L2D says it's recovering from tough 2017

The shopping centre owner says 2017 was “undoubtedly one of the toughest retailer environments” for the group.

Alex Forbes rallies after sacking CEO

Alex Forbes rallies after sacking CEO

The board of the financial services group said it terminated Andrew Darfoor’s services due to a “loss of confidence and trust”.

Bidcorp falls as CD buyer pulls out

Bidcorp falls as CD buyer pulls out

The foodservice group says its UK Contract Distribution business remains non-core and it’s considering its option after the sale fell through.

Tiso Blackstar flags full-year loss

Tiso Blackstar flags full-year loss

The media group is selling non-core assets as it tries to pay down debt and focus on its core businesses.

Choppy waters ahead of Trencor’s results

Choppy waters ahead of Trencor’s results

Shares in the container leasing group fell on Friday as it prepared the market for interim results this week.

PPC cements position

PPC cements position

The cement producer says although volumes are down, it’s outpacing the industry.

Pick n Pay gains market share

Pick n Pay gains market share

The retailer grew first-half turnover by 6.4% as it increased its share of a constrained consumer market in South Africa.

Nampak benefits from Angolan hedge

Nampak benefits from Angolan hedge

Easing liquidity conditions in markets including Angola and Nigeria have also enabled it to repatriate R3.1 billion so far this year.

Steinhoff needs cushion for Mattress Firm

Steinhoff needs cushion for Mattress Firm

The furniture giant says while a turnaround plan at its US subsidiary is showing results, it needs additional liquidity.

Pan African Resources in better shape for 2019

Pan African Resources in better shape for 2019

The gold producer reported a loss for the year to end-June as it restructured its operations to focus on low-cost, long-life production.

Astral flags a soft-boiled second half

Astral flags a soft-boiled second half

The poultry pressure says volumes and prices came off the boil recently due to weaker consumer demand.

Life Healthcare maxes out in Indian sale

Life Healthcare maxes out in Indian sale

The private hospitals group will sell its 49.7% stake in Max Healthcare so it can focus on its other core businesses around the globe.

Remgro rides on FirstRand’s performance

Remgro rides on FirstRand’s performance

The investment group’s holdings in FirstRand, RMB Holdings and RCL Foods have boosted its full-year performance.

Comair maintains altitude

Comair maintains altitude

The airline has been investing in more fuel-efficient aircraft to help mitigate the impact of higher fuel prices.

Sibanye clears another hurdle in Lonmin deal

Sibanye clears another hurdle in Lonmin deal

The Competition Commission has recommended the merger subject to Sibanye-Stillwater implementing measures to mitigate the impact of retrenchments.

Weak economy weighs on Master Plastics

Weak economy weighs on Master Plastics

The group says declining investment in the agricultural sector and the listeria outbreak last year were among the factors affecting its performance.

Imperial revs up for Motus listing

Imperial revs up for Motus listing

Shareholders will receive one share in the R23.4 billion automotive group for every Imperial share they hold.

Rhodes still reeling from the drought

Rhodes still reeling from the drought

The food producer says it will report a big fall in full-year profit, while its international segment will post a loss.

Sasfin takes hit from credit impairments

Sasfin takes hit from credit impairments

A single large credit event, higher taxes and customers under strain have reduced the bank’s profits by more than a third.

AngloGold strikes three-year deal with unions

AngloGold strikes three-year deal with unions

It says the agreements on pay and shift arrangements are key pillars in the strategy to complete the turnaround of its SA business.

Naspers giving MultiChoice to shareholders

Naspers giving MultiChoice to shareholders

Listing MultiChoice Group via an unbundling is expected to unlock value and create a top 40 JSE-listed African entertainment company.

Investec surges on unbundling plan

Investec surges on unbundling plan

Incoming Investec CEO Hendrik du Toit has finally got his way and will continue to head asset management once it lists.

Pan African warns of lower earnings

Pan African warns of lower earnings

The gold producer has restructured its operations to focus on low-cost, long-life assets.

Rolfes takes restructuring pain

Rolfes takes restructuring pain

The speciality chemicals group says it spent the last year addressing strategic legal issues in order to position itself for growth.

Aspen slumps to 2013 low

Aspen slumps to 2013 low

Private client fund manager Vestact says the sell-off was probably the work of adventurous short sellers.

Implats restructuring takes shape

Implats restructuring takes shape

The group says it’s imperative to eliminate loss-making production as it aligns its operations with a weak platinum price.

Aspen slumps after results, Nutritionals sale

Aspen slumps after results, Nutritionals sale

Aspen will deploy some of the proceeds it receives for its Global Nutritionals Business to pay down debt.

ARC rises on maiden results

ARC rises on maiden results

The investment vehicle’s portfolio rose to R8.2 billion last year despite marking down the value of its holding in IT services group EOH.

Clover impairs DFSA loan after strong year

Clover impairs DFSA loan after strong year

The group said it wasn’t aware of the impending resignation when it prepared its annual accounts but decided to be prudent.

Quantum expects bumper lay

Quantum expects bumper lay

The poultry producer has benefited from high levels of profitability in its egg business and an insurance payout.

York flags lower earnings on timber valuation

York flags lower earnings on timber valuation

A lower increase in the valuation of its biological asset is likely to result in a big drop in full-year earnings.

Raubex rightsizes as roads go to pot

Raubex rightsizes as roads go to pot

The roadbuilding and construction group says spending on road infrastructure has dwindled while provincial government contracts have been delayed.

Aspen may cash in on baby formula

Aspen may cash in on baby formula

Bloomberg reported it’s been in talks with France’s Lactalis to sell its global infant nutritionals business for about $1 billion.

ADvTECH takes on Monash

ADvTECH takes on Monash

The acquisition signals the departure of Australia's Monash University from South Africa.

Defensive Trellidor weathers the slowdown

Defensive Trellidor weathers the slowdown

The security gate and shutter specialist says its Trellidor business remained defensive last year while blind sales came under pressure.

No dividend as Torre prepares to delist

No dividend as Torre prepares to delist

The industrial group plans to increase black ownership above 51% and says it will be easier to achieve its target in an unlisted environment.

Attacq revises payouts due to tough economy

Attacq revises payouts due to tough economy

The real estate investment trust said the weak economy had affected the sale of non-core assets and the rollout of development activity.

Tesla shares bounce as Musk risk seen as overblown

Tesla shares bounce as Musk risk seen as overblown

Tesla shares bounced Monday following an upbeat analyst note that suggested worries about chief executive Elon Musk and his various controversies were exaggerated. 

AVI pays special dividend despite tough year

AVI pays special dividend despite tough year

The fast-moving consumer goods group is paying an additional 250c per share after raising its full-year dividend by 7.4%.

Afrox lifts dividend as gas sales sizzle

Afrox lifts dividend as gas sales sizzle

The industrial and healthcare gases group says it’s trying to mitigate negative market trends affecting its hard goods business.

Richemont brings back CEO as sales rise

Richemont brings back CEO as sales rise

The luxury goods group has appointed chief operating officer Jérôme Lambert as CEO to ease its entry into the digital age.

MTN seeks restraining order in Nigeria

MTN seeks restraining order in Nigeria

The group has asked the Federal High Court for injunctive relief restraining the Attorney General and central bank from proceeding with any action.

Tsogo gives Hospitality to shareholders

Tsogo gives Hospitality to shareholders

Tsogo shareholders will receive shares in Hospitality in two tranches if the transaction is approved.

Northam on track with expansion

Northam on track with expansion

The group spent R3.8 billion last year as it aims for annual production of more than one million ounces.

Aveng makes progress with restructure

Aveng makes progress with restructure

The early redemption of the construction group’s bonds will come at a cost to shareholders as it dilutes their holdings in the company.

ARM prepares for revolution

ARM prepares for revolution

The diversified miner says the shift to electric vehicles creates opportunities for some of the metals it produces but also presents challenges.

Spur overcomes sales decline

Spur overcomes sales decline

The restaurant group says sales at its Spur Steak Ranches recovered strongly in the fourth quarter.

FirstRand grows in tough environment

FirstRand grows in tough environment

The financial services group credits the strength of its franchise for being able to grow earnings in a low-growth economy.

Sanlam’s investments unit holds back growth

Sanlam’s investments unit holds back growth

The group says its portfolios were not well positioned for the run in the SA market after the ANC’s December elective conference.

Fake news hit EOH earnings

Fake news hit EOH earnings

The IT services group said it won fewer major contracts after the events of last year but business activity has started to normalise.

Disappointed MMI to revisit dividends next year

Disappointed MMI to revisit dividends next year

The life assurer has a three-year plan to achieve sustainable, profitable growth - the duration of new CEO Hillie Meyer’s contract.

DRDGold glisters from east to west

DRDGold glisters from east to west

The mine dump reprocessor has also introduced short-term price protection following its acquisition of Sibanye-Stillwater’s West Rand Trailing Retreatment Project.

Acquisitions cushion Alviva

Acquisitions cushion Alviva

The group credits its ICT Distribution business for an improved 2018, helped by the full takeover of Datacentrix.

Sibanye to slash debt pile

Sibanye to slash debt pile

The miner will use some of the proceeds of its streaming agreement with Wheaton Precious Metals to buy back its bonds.

Rand shaves R1 billion from Aspen’s revenue

Rand shaves R1 billion from Aspen’s revenue

Shares in the pharmaceuticals group fell sharply after it said the firmer rand earlier this year impacted revenue and earnings.

Discovery on track for bank launch

Discovery on track for bank launch

The group says while buying FirstRand’s stake in Discovery Card had delayed the process, the bank should start operating by the end of the year.

MTN Nigeria hit with $2 billion tax bill

MTN Nigeria hit with $2 billion tax bill

As it prepares for a Lagos listing, the mobile network operators problems in Nigeria are mounting by the billions.

Aussie rules for WHBO

Aussie rules for WHBO

The engineering and construction group is making a larger share of its revenue in Australia as the local market stagnates.

TFG may write off House of Fraser bad debt

TFG may write off House of Fraser bad debt

The retail group says the write-off is unlikely to be material and most of House of Frasers stores are likely to continue trading.

Bidvest blames policy uncertainty for weak economy

Bidvest blames policy uncertainty for weak economy

The industrial conglomerate says growth is likely to remain lacklustre until policy and political certainty emerges after next year’s election.

Acquisitions boost Stadio’s earnings

Acquisitions boost Stadio’s earnings

The group has warned that costs in the second half of the year are likely to be higher as it prepares for next year’s intake.

Sun International deals a stronger hand

Sun International deals a stronger hand

The hotels and casino group has realigned its business and is close to exiting Nigeria.

Hyprop holds back on Hystead listing

Hyprop holds back on Hystead listing

The real estate investment trust says it will continue to hold the South-Easter Europe property group in an unlisted format.

Lost confidence hobbles Steinhoff’s sales

Lost confidence hobbles Steinhoff’s sales

The retailer says it had to work harder to convince customers to buy big-ticket items with long lead times or multi-year guarantees.

Special div as Old Mutual winds up separation

Special div as Old Mutual winds up separation

The financial services giant has excess capital available over and above its solvency requirements.

Slimmed down Grindrod grows earnings

Slimmed down Grindrod grows earnings

The group says it’s well positioned to drive the strategies of its remaining Freight Services and Financial Services businesses.

MTN sags as Nigeria turns the screws

MTN sags as Nigeria turns the screws

The network operator has been ordered to return $8.1 billion to Nigeria while the banks who facilitated the transactions have been fined.

Mr Price navigates stagnant economy

Mr Price navigates stagnant economy

The retailer says it’s confident its low-price business model is well positioned under constrained economic conditions.

Santam benefits from calm after the storm

Santam benefits from calm after the storm

The absence of big catastrophic events and lower claims have resulted in a big improvement in Santam’s underwriting margin.

Grindrod Shipping steers choppy waters

Grindrod Shipping steers choppy waters

The recently-listed shipping group has doubled its losses, weighed down by challenging markets and the cost of its separation.

Rand’s rebound the right remedy for Adcock Ingram

Rand’s rebound the right remedy for Adcock Ingram

The stronger rand earlier this year has contributed to a strong rise in full-year earnings from the drugmaker.

Weak economy concerns Growthpoint

Weak economy concerns Growthpoint

The REIT has cautioned investors to expect a smaller increase in its distribution next year due to the poor state of the economy.

Steinhoff rally provides little relief for investors

Steinhoff rally provides little relief for investors

Shares in the retailer shot up despite former CFO Ben la Grange telling Parliament that shareholders were unlikely to recover their investments.

Murray benefits from upturn in commodities

Murray benefits from upturn in commodities

The group’s Underground Mining was the standout performer last year as its order book jumped by 26% to R22.1 billion.

Cashbuild expects trading to remain tough

Cashbuild expects trading to remain tough

The building materials retailer says revenue for the first six weeks of its new financial year is up just 1% on the comparable period.

Diversification shields Master Drilling

Diversification shields Master Drilling

The drilling services specialist says a steady flow of new enquiries is feeding into its project pipeline.

Sea Harvest churns up over R500 million for cheese

Sea Harvest churns up over R500 million for cheese

The fisheries and food group is buying Ladismith Cheese to get a foothold into the growing dairy industry in South Africa.

Chicken puts the Rainbow back in RCL

Chicken puts the Rainbow back in RCL

The food producer says its business has become more resilient following a remodelling of its chicken business.

Flat dividend as ADvTECH conserves cash

Flat dividend as ADvTECH conserves cash

The private education group said organic growth at its schools division was under pressure due to emigration and financial pressure on households.

Homechoice uses digital to lure more customers

Homechoice uses digital to lure more customers

The direct marketer and fintech company says its signing up 20 000 new customers a month and growing its digital channels.

Commodities steer Super Group to a record

Commodities steer Super Group to a record

The transport and logistics group has reported record earnings thanks to its Supply Chain Africa and a number of acquisitions over the past year.

Not much ado as Ayo execs quit

Not much ado as Ayo execs quit

CEO Kevin Hardy was previously MD of BTSA, in which the technology group was supposed to acquire a 30% stake.

 MMI flags lower earnings

MMI flags lower earnings

The insurance group has been impacted by weaker persistency in its Metropolitan Retail business and investment in technology and new initiatives.

Tough economy fails to derail Distell

Tough economy fails to derail Distell

The wine and spirits group has reported higher volumes and revenue despite constraints on the South African consumer.

Woolworths trims dividend after difficult year

Woolworths trims dividend after difficult year

The retailer says the new financial year has got off to a positive start after it restructured and impaired its David Jones chain in Australia.

Massmart “cautiously optimistic” about second half

Massmart “cautiously optimistic” about second half

The retailer and wholesaler has reported flat first-half sales and lower profit after it restructured two of its divisions.

No thanks to gold as Sibanye turns a profit

No thanks to gold as Sibanye turns a profit

Strong performances from its SA and US platinum operations offset a weak first-half for its local gold mine.

South32 rides on higher commodity prices

South32 rides on higher commodity prices

The diversified miner achieved record production at a number of its operations last year and says it’s well positioned for the year ahead.

No dividend for Blue investors

No dividend for Blue investors

The telecoms services group plans to buy back its shares which have fallen 54% this year.

Transpaco looks for plastic bag options

Transpaco looks for plastic bag options

The packaging manufacturer and recycler says it’s considering branching into alternative products as a substitute for retail plastic bags.

Buoyant European boosts Bidcorp

Buoyant European boosts Bidcorp

The foodservices group’s operations across Europe grew trading profit by 30% last year, with a number of record performances.

Fortress falls after cutting payout

Fortress falls after cutting payout

The REIT has changed the way it distributes interest on the loans it’s made to the Siyakha Education Trusts after coming under scrutiny.

Pepkor grows sales in deflationary environment

Pepkor grows sales in deflationary environment

The retail giant says the impact of deflation on sales growth is starting is starting to decline, with last month’s sales particularly strong.

Shoprite’s trolley gets a wobble

Shoprite’s trolley gets a wobble

Shares in the supermarket group fell sharply after it reported a drop in earnings and a lower dividend.

Imperial motors ahead

Imperial motors ahead

A strong performance from its automotive division resulted in record revenue from the motor and logistics group.

BHP pays record dividend amid uncertainty

BHP pays record dividend amid uncertainty

The company says there are downside risks to the global growth outlook this year due to rising trade protectionism.

Harmony hit by impairments as production rises

Harmony hit by impairments as production rises

The gold producer aims to lift production in the year ahead by 18% helped by the inclusion of Moab Khotsong and Hidden Valley.

Sasol gears up for Lake Charles

Sasol gears up for Lake Charles

The oil and chemicals group says the US chemicals project will transform its earnings profile.

Venkat leaves AngloGold Ashanti on a high

Venkat leaves AngloGold Ashanti on a high

The outgoing CEO says production at the gold miner is strong, costs are improving and its pipeline is well stocked.

Naspers finalises Flipkart sale

Naspers finalises Flipkart sale

It will use the proceeds to reinforce its balance sheet and accelerate growth in its classifieds, online food delivery and fintech businesses.

Arrowhead cuts forecast on Rebosis rebase

Arrowhead cuts forecast on Rebosis rebase

The property fund owns 18.6% of Rebosis and expects a larger decline in its full-year dividend following a rebase of Rebosis’s earnings.

Implats warns of bigger losses

Implats warns of bigger losses

The platinum producer was been affected by impairments, a deferred tax charge and retrenchment costs.

Resilient warns of lower payouts

Resilient warns of lower payouts

The real estate investment trust says the distribution of its Fortress stake to investors will affect future dividends.

Famous Brands mulls its options

Famous Brands mulls its options

A vague cautionary announcement on Friday has raised speculation that moves are afoot to offload its ailing Gourmet Burger Kitchen subsidiary.

Esor suspends trade as it aims for rescue

Esor suspends trade as it aims for rescue

The company said the effects of the business rescue proceedings instituted at Esor Construction on the listed holding company were not known.

Harmony impairments hit profit

Harmony impairments hit profit

The gold producer says impairments, a translation loss on dollar debt and lower derivate gains will deplete full-year earnings.

Libstar blames mushrooms for profit fall

Libstar blames mushrooms for profit fall

The branded food producer and distributor has also been affected by lower margin business and share dilution after this year’s IPO.

Steinhoff on track with restructuring

Steinhoff on track with restructuring

The furniture group’s shares jumped as much as 27% after it confirmed that the restructuring would be launched within the three-month deadline.

Standard Bank grows digital in competitive market

Standard Bank grows digital in competitive market

The bank says a growing number of customers are opting for digital banking channels, in South Africa and the rest of Africa.

Listeriosis and rising costs clip Tiger’s claws

Listeriosis and rising costs clip Tiger’s claws

The group says full-year earnings will be up to 37% lower due to higher costs and the impact of the listeriosis product recall.

Gold Fields’ CEO isn't quitting

Gold Fields’ CEO isn't quitting

The gold producer has reported a first-half loss after impairing South Deep as it prepares to lay off workers.

Truworths lures more eyeballs online

Truworths lures more eyeballs online

The clothing and homeware chain is expanding its online offering as retailers battle to get feet through doors.

Charged up Metair overcomes Lira’s decline

Charged up Metair overcomes Lira’s decline

A strong performance more than offset the Turkish Lira’s slide but the group is being cautious with capital for the rest of the year.

Naspers dives on Tencent profit fail

Naspers dives on Tencent profit fail

The Chinese Internet and gaming giant reported revenue and profit that fell short of expectations.

Emira lifts distribution as vacancies fall

Emira lifts distribution as vacancies fall

The property fund says due to an oversupply of offices it’s had to reduce rentals and provide tenants with more incentives.

M&R forecast fails to lift shares

M&R forecast fails to lift shares

After a strong first half, the construction and engineering firm expects full-year earnings to be more than 20% higher.

Gold Fields to slash jobs at South Deep

Gold Fields to slash jobs at South Deep

The gold producer is impairing the deep level mine by another R4.8 billion which will result in a first-half loss.

Curro to recapitalise laggard Meridian

Curro to recapitalise laggard Meridian

The private schools group says recapitalising its subsidiary and redeeming expensive interest-bearing debt will be positive in the long run.

Chemical reaction boosts KAP

Chemical reaction boosts KAP

The diversified industrial group’s chemicals division was the standout performer last year as it integrated recently-acquired Safripol.

Naspers spooked by Tencent’s monster

Naspers spooked by Tencent’s monster

Ahead of Tencent’s results today, Naspers fell after the Chinese company’s new blockbuster game was blocked by regulators.

Soggy results from paper group Sappi

Soggy results from paper group Sappi

The paper and pulp producer reported a decline in profit in what is traditionally its weakest quarter due to capex and shut downs.

Esor slumps as it files for business rescue

Esor slumps as it files for business rescue

The board of Esor Construction hopes that entering business rescue will buy it time to develop and implement a recovery plan.

Santam’s margins recover after 2017 storms

Santam’s margins recover after 2017 storms

The short-term insurer expects its net underwriting margin to rise above its long-term target range.

Steinhoff sags on SA class-action report

Steinhoff sags on SA class-action report

Local litigation law firm LHL Attorneys is leading local efforts to seek damages following the massive destruction of value at Steinhoff.

Viking deal curtails Sea Harvest’s catch

Viking deal curtails Sea Harvest’s catch

The fisheries group will report lower first-half HEPS due to acquisitions costs and the dilution of its shares.

BHP Billiton settles Samarco US class action

BHP Billiton settles Samarco US class action

he mining group has agreed to pay ADR holders $50 million with no admission of liability.

MTN promises more as dividend disappoints

MTN promises more as dividend disappoints

The network operator says the US’s decision to re-impose sanctions on Iran may limit its ability to repatriate cash from MTN Irancell.

Paper beats plastic at Mpact

Paper beats plastic at Mpact

The packaging group says Paper benefited from a good citrus crop, while Plastics were impacted by lower sales of preforms, crates and jumbo bins

Glencore pledges capital discipline

Glencore pledges capital discipline

The miner and commodities trader plans to create value for shareholders through distributions and share buy backs.

Murray concedes defeat in takeover battle

Murray concedes defeat in takeover battle

The construction group said the prospects of implementing a transaction were limited due to recent events.

Italtile beats the economy blues

Italtile beats the economy blues

The tile and sanitary ware group’s results will include a bigger contribution from Ceramic and Eeze after it increased its stake in the companies.

Twitter chief defends not booting Infowars

Twitter chief defends not booting Infowars

Twitter chief Jack Dorsey has defended his company's decision to allow far-right conspiracy theorist Alex Jones to use the platform to spread his message, saying he...

Ecobank recovery lifts Nedbank

Ecobank recovery lifts Nedbank

A recovery at Ecobank Transnational has more than compensated for a slowdown in earnings growth at Nedbank’s SA operations.

Clover puts the cream back on top

Clover puts the cream back on top

The dairy and drinks group has tripled its FY profit thanks to a mix of management interventions and better weather.

Wescoal offloads Leeuw Braakfontein

Wescoal offloads Leeuw Braakfontein

The junior coal miner is focusing on assets that will accelerate its growth plans.

Absa boosted by lower impairments

Absa boosted by lower impairments

The bank says its performance was in line with guidance and should be considered against the tough macro backdrop in SA.

Another record dividend from Merafe

Another record dividend from Merafe

After last year’s record dividend after paying down its debt, the ferrochrome producer says it remains committed to maximising returns to its shareholders.

RBPlat sees little price upside as it cuts its losses

RBPlat sees little price upside as it cuts its losses

The platinum producer says without significant supply cuts from loss-making mines, there’s limited scope for prices to rise.

Mondi wraps up a bumper first half

Mondi wraps up a bumper first half

The paper and packaging group has benefited from strong demand and rising prices as more consumers go online.

Sibanye-Stillwater flags a return to profitability

Sibanye-Stillwater flags a return to profitability

The gold and platinum miner has benefited from a stronger operational performance and higher PGM prices.

Imperial falls despite upbeat update

Imperial falls despite upbeat update

The motor and logistics group expects to report a sharp rise in profit from continuing operations.

Santova looks east for business

Santova looks east for business

The logistics group says ASM will expand its global presence and give it better control of the supply chain.

Implats slated for planned jobs cuts

Implats slated for planned jobs cuts

Mineral Resources Minister Gwede Mantashe says the “reckless” platinum producer has broken its agreement to stick to Section 52 of the MPRDA.

Liberty’s efforts deliver results

Liberty’s efforts deliver results

The life assurer has taken a number of measures to improve the value of new business coming onto its books and lift its overall performance.

JSE faces off competitors

JSE faces off competitors

The stock exchange operator is introducing more favourable pricing and better services as new entrants take it on.

Murray’s bid for Aveng scuppered for now

Murray’s bid for Aveng scuppered for now

The Takeover Special Committee has overturned a ruling by the Takeover Regulation Panel that allowed M&R to proceed with an offer.

Apple quarterly profit leaps, topping $1 trillion value

Apple quarterly profit leaps, topping $1 trillion value

Apple has become the first company in the world with a market cap of over $1 trillion, a day after it reported strong third-quarter earnings that...

Locals loot Gemfields’ emeralds

Locals loot Gemfields’ emeralds

It’s the second time in as many months that the group’s Web Gemstone Mining business has been overrun by a mob.

ArcelorMittal SA back in the black

ArcelorMittal SA back in the black

The steel producer benefited from better global steel prices and higher volumes even with local consumption at a nine-year low.

Anglo completes Eskom exit

Anglo completes Eskom exit

The global resources group has sold the last of its thermal coal assets tied to Eskom to a group led by Seriti Resources.

Sirius lines up more acquisitions

Sirius lines up more acquisitions

The German real estate investor says it continues to have significant financial resources to make more acquisitions.

Gold Fields winds up Asanko deal

Gold Fields winds up Asanko deal

CEO Nick Holland says the deal bolsters Gold Fields' presence in Ghana, adding a “great camp with long-life, low-cost production”.

End of an era as Venter bows out

End of an era as Venter bows out

The former Altron CEO and chairman is retiring as a non-executive director at the end of the month 53 years after founding the business.

Howden Africa looks for opportunities offshore

Howden Africa looks for opportunities offshore

The air and gas-handling equipment supplier doesn’t expect any improvement in capital project spend in South Africa in the short term.

Trade Talks: Trump goes domestic while world traders go global - and ignores history

Trade Talks: Trump goes domestic while world traders go global - and ignores history

It is time to get serious about what works and what doesn't in international economic relations - and to understand what works, and what does not....

Massmart’s sales turn the corner

Massmart’s sales turn the corner

The mass retailer and wholesaler still expects earnings for the half year to end June to be down on last year.

Imperial juggles roles after CEO takes medical leave

Imperial juggles roles after CEO takes medical leave

The industrial group remains on track to unbundle its automotive division Motus by the end of the year.

Hulamin takes stock of Trump's tariffs

Hulamin takes stock of Trump's tariffs

The aluminium products producer says new US tariffs have been net positive for the pricing of its general rolled products.

Ellies back from the brink

Ellies back from the brink

The consumer and commercial electronics group says its 2018 results present a solid base from which to grow.

Spur people recover their taste for life

Spur people recover their taste for life

The restaurant group says a shift in its promotional strategy has improved margins at its Spur restaurants, at the expense of short-term sales.

BHP shareholders to reap dividend on US sale

BHP shareholders to reap dividend on US sale

The net returns of the sale of the group’s onshore US shale assets are expected to be returned to shareholders.

Adcorp falls on NUMSA's court victory

Adcorp falls on NUMSA's court victory

The ruling questions the role of labour brokers once the workers they have placed become permanent employees.

Ellies bounces on improved earnings forecast

Ellies bounces on improved earnings forecast

The electronics group has revised an earlier update as it returns to profitability.

Lonmin's cash improves ahead of takeover

Lonmin's cash improves ahead of takeover

A rise in third-quarter sales and a higher price for PGMs left the platinum producer with more cash on its balance sheet.

Facebook shares sink on perfect storm of bad news

Facebook shares sink on perfect storm of bad news

It has turned into a brutal reality check for Facebook.

intu sags as property revaluation obliterates earnings

intu sags as property revaluation obliterates earnings

The shopping centre owner says CEO David Fischel will step down once his successor has been found despite Hammerson deal not progressing.

AB InBev suffers US hangover

AB InBev suffers US hangover

A fall in US volumes resulted in the global brewer missing sales forecasts, while SA volumes were also down.

BAT smoking after Reynolds deal

BAT smoking after Reynolds deal

Reynolds contributed approximately 40% to the tobacco giant’s revenue and profit from operations, partially offset by a forex headwind.

Ecobank recovery lifts Nedbank

Ecobank recovery lifts Nedbank

Although the group’s managed operations have performed in line with expectations, its earnings will get a kicker from Ecobank’s turnaround.

AECI gets boost from acquisitions

AECI gets boost from acquisitions

The purchase of German’s Schirm and local tar maker Much Asphalt had a 10% positive effect on headline earnings.

Hulamin tumbles on profit warning

Hulamin tumbles on profit warning

The group as been negatively affected by the rand’s strength at the beginning of the year, as well as metal price lag.

No trash in Interwaste’s earnings

No trash in Interwaste’s earnings

The waste management company expects first-half HEPS to be as much as 45% up on a year ago.

Vukile says ¡Hola to Madrid bourse

Vukile says ¡Hola to Madrid bourse

Subsidiary Castellana Properties listed on the junior market of Spain’s stock exchange by way of introduction.

AVI grows earnings in a tough year

AVI grows earnings in a tough year

The group has impaired its Green Cross business by a further R108 million but says operational changes made during the year should help.

Google parent Alphabet lifted by better-than-expected earnings

Google parent Alphabet lifted by better-than-expected earnings

Google parent Alphabet shares lifted Monday on a stronger-than-expected earnings report for the past quarter, as the tech giant's results eased concerns over huge fines imposed...

Dividend windfall for Kumba shareholders

Dividend windfall for Kumba shareholders

The iron ore producer has maintained its payout despite logistical constraints, a stronger rand and a softer iron ore price.

More customers boost Vodacom’s revenue

More customers boost Vodacom’s revenue

The network operator added 2.5 million new customers in the June quarter, with most of them in South Africa.

Hammerson adapts to new retail reality

Hammerson adapts to new retail reality

The shopping centre owner is refining its strategy to deal with an “unusually turbulent retail backdrop" in the UK.

Curro jumps on strong earnings forecast

Curro jumps on strong earnings forecast

The private schools group expects first-half HEPS from continuing operations to be as much as 24% up from last year.

Liberty Two Degrees to convert to REIT status

Liberty Two Degrees to convert to REIT status

Unitholders in the property investor will receive one share in new L2D for every unit held.

Harmony gets production kicker from Moab

Harmony gets production kicker from Moab

The gold producer has beaten its annual production guidance by 4%, helped by its acquisition of Moab Khotsong from AngloGold Ashanti.

AngloPlat creates new hub with Mototolo deal

AngloPlat creates new hub with Mototolo deal

The platinum producer has paid its first interim dividend since 2011 following a restructuring of its operations.

AngloGold gets new CEO at Barrick’s expense

AngloGold gets new CEO at Barrick’s expense

Barrick Gold president Kelvin Dushnisky will replace Srinivasan Venkatakrishnan, who’s off to Vedanta Resources to replace Tom Albanese.

Sasol resilient amid power outages

Sasol resilient amid power outages

The group says its performance has been underpinned by higher volumes and a rising oil price, but it has been hit with impairments.

Tough trading for Truworths at home and abroad

Tough trading for Truworths at home and abroad

The retailer will report flat to weaker sales for 2018, due to challenging conditions for consumers in SA and the UK.

Steinhoff gets creditors on its side

Steinhoff gets creditors on its side

The retail conglomerate says Steinhoff Europe and Steinhoff Finance have established a positive going concern prognosis having bought time with their lenders.

Another milestone for Absa in Barclays separation

Another milestone for Absa in Barclays separation

The bank plans to complete the operational separation from its former UK parent in 2020 as it rebrands across the continent.

EOH jumps on Van Coller appointment

EOH jumps on Van Coller appointment

The ICT services group says Van Coller has a solid track record and a strong background in corporate finance, investment banking and technology.

Woolworths hobbled by David Jones impairment

Woolworths hobbled by David Jones impairment

The retailer expects to report a loss for 2018 following an impairment of David Jones in Australia, while HEPS will be positive but lower.

Dis-Chem buoyed by store rollout

Dis-Chem buoyed by store rollout

The discount pharmacy chain says it’s on track to have 149 stores by the end of its financial year.

Steinhoff soars as creditors back its debt lock-up

Steinhoff soars as creditors back its debt lock-up

The group has until today to satisfy the remaining conditions for its lock-up agreement to become effective or it could face a reorganisation.

Anglo’s production held back by Minas-Rio pipeline leak

Anglo’s production held back by Minas-Rio pipeline leak

Excluding the impact of Minas-Rio, the global mining group grew second-quarter production by 6%.

BHP reports record iron ore production

BHP reports record iron ore production

Fourth-quarter production beat estimates, resulting in a record year for the world’s biggest mining group.

Vukile scales up in Spain

Vukile scales up in Spain

The property fund is buying a portfolio of four shopping centres which it may sell on to Spanish subsidiary Castellana.

Invicta going global with its listing

Invicta going global with its listing

The engineering group plans to incorporate a new offshore holding company, which will replace its current listing on the JSE.

AngloPlat tries to grow the platinum market

AngloPlat tries to grow the platinum market

The producer is expanding a programme started almost a decade ago to help develop the market for platinum group metals.

JSE boosted by cost cutting, tax credit

JSE boosted by cost cutting, tax credit

The stock and bond exchange operator says revenue has also grown despite intensifying competition.

Grit to raise $120m in London IPO

Grit to raise $120m in London IPO

The pan-African property investor expects its shares to start trading in London this month.

Leaner AngloPlat flags fourfold rise in earnings

Leaner AngloPlat flags fourfold rise in earnings

The platinum producer has sold operations that don’t meet its profit and cost hurdles, allowing it to resume dividend payments last year.

Sibanye-Stillwater gets $500m upfront for US production

Sibanye-Stillwater gets $500m upfront for US production

The group has sold a portion of future production to Wheaton Precious Metals in a deal that will improve its capital structure.

MTN sells Cyprus operation for R4.1 billion

MTN sells Cyprus operation for R4.1 billion

The telecoms operator says MTN Cyprus was its only operating business outside its core footprint of Africa and the Middle East.

Steinhoff clears Austrian competition hurdle

Steinhoff clears Austrian competition hurdle

The retailer needs clearance from the authorities in the Czech Republic and Slovakia so it can finalise the sale of Kika/Leiner.

Stenprop boosts UK multi-let portfolio

Stenprop boosts UK multi-let portfolio

The property investor says the removal of bridge tolls across the River Severn into Wales will boost demand for industrial accommodation.

New Frontier freezes deals on market uncertainty

New Frontier freezes deals on market uncertainty

The European property investor says it will focus on managing existing assets due to the uncertain business and political environment in the UK.

Pan African lifts production, lowers costs

Pan African lifts production, lowers costs

The group has closed its costly underground operations at Evander as it positions itself as a low-cost, long-life gold producer.

Taps running dry at DAWN?

Taps running dry at DAWN?

Although it has reduced its losses, DAWN’s auditors have questioned its ability to continue as a going concern.

Glencore cooperating with US investigation

Glencore cooperating with US investigation

The group has formed a board committee led by chairman Tony Hayward to oversee its response to the US Department of Justice.

Gold Brands offloads Black Steer to cut debt

Gold Brands offloads Black Steer to cut debt

The casual dining group is selling assets after recent results cast doubt on its ability to continue as a going concern.

Steinhoff thrashes out debt plan with creditors

Steinhoff thrashes out debt plan with creditors

The beleaguered retailer has to secure support by 20 July or it could face a reorganisation under Austrian company law.

Anchor sells stockbrokers to black investors

Anchor sells stockbrokers to black investors

Rebosis founder Sisa Ngebulana is leading a consortium that has bought a controlling stake in Anchor Stockbrokers.

Miranda reduces losses as it implements new strategy

Miranda reduces losses as it implements new strategy

The coal-focused group is disposing of its assets and reinventing itself as a producer of polymetallic concentrates.

Torre soars on delisting plans

Torre soars on delisting plans

The industrial group says raising its black ownership will be easier if it’s not a listed company and it will save on costs.

Tharisa reports new production records

Tharisa reports new production records

The platinum and chrome producer says it’s on track with its Vision 2020 strategy while acquisitions in Zimbabwe will deliver future growth.

Hospitality places its chips on Tsogo’s casinos

Hospitality places its chips on Tsogo’s casinos

Tsogo ultimately plans to unbundle its stake in Hospitality Property Fund to shareholders.

STAR gets tough on Tekkie Town

STAR gets tough on Tekkie Town

The retail group has obtained a court interdict preventing the former management of the footwear retailer from interfering with its IT systems.

Pistols at dawn as ATON prepares for battle

Pistols at dawn as ATON prepares for battle

The German group has accumulated over 25% of Aveng’s shares which it may use to try and block a merger with Murray & Roberts

AngloGold on track with Sunrise Dam

AngloGold on track with Sunrise Dam

The gold producer says it’s aiming for production of up to 350 000 ounces a year at all-in sustaining costs of $900 per ounce.

RBPlat takes 100% control of BRPM joint venture

RBPlat takes 100% control of BRPM joint venture

The platinum producer is paying JV partner Anglo American Platinum R1.86 billion for its 33% stake in the mine.

Glencore to buy back beaten down shares

Glencore to buy back beaten down shares

The group has hired Citibank to buy back up to $1 billion of its stock by the end of the year.

Redefine identifies new growth areas

Redefine identifies new growth areas

The property group says it’s focusing its industrial portfolio where it sees future opportunities.

Mining giant Glencore facing US corruption probe

Mining giant Glencore facing US corruption probe

Mining giant Glencore said Tuesday that it was being probed by the United States in a corruption investigation linked to its business in Nigeria, Venezuela and...

ARB gets Radiant from South Ocean

ARB gets Radiant from South Ocean

The lighting business would fit with ARB’s Eurolux subsidiary but the deal needs Competition Commission approval.

Glencore falls on US subpoena

Glencore falls on US subpoena

The US Justice Department wants access to documents related to its business in Nigeria, the DRC and Venezuela dating back to 2007.

Capitec declines on reports of fee probe

Capitec declines on reports of fee probe

The SARB is reported to have asked the credit Regulator to take a closer look at the fees on the bank’s discontinued multi-loan product.

Seismic events hurt Sibyane-Stillwater's production

Seismic events hurt Sibyane-Stillwater's production

The gold and platinum miner has revised its SA gold production 6% lower due to a number of safety-related incidents at its mines.

Mob attacks Pallinghurst’s Ethiopian operations

Mob attacks Pallinghurst’s Ethiopian operations

The precious stones miner believes the perpetrators may have been spurred on by a faction seeking a portion of the mine’s licence.

Tiso Blackstar offloads steel business

Tiso Blackstar offloads steel business

The media and printing group has sold non-core Consolidated Steel Industries to Macsteel Service Centres.

Gold Brands restructures as losses continue

Gold Brands restructures as losses continue

The casual dining chain has taken steps to improve its financial position and may sell one of its subsidiaries.

Rights offer still on the table as Group Five rationalises

Rights offer still on the table as Group Five rationalises

The construction and engineering group has been cutting costs and rationalising its operations as it focuses on improving its capital position.

Curro grows Botswana business

Curro grows Botswana business

The private education group has finalised its purchase of Baobab primary school in Botswana.

Esor pins its hopes on new dispensation

Esor pins its hopes on new dispensation

The building and construction group says battlements have hampered the implementation of construction projects.

Steinhoff reports €599 loss as it battles to stay afloat

Steinhoff reports €599 loss as it battles to stay afloat

The retailer has agreed on the key commercial terms of a restructuring plan and is trying to finalise a lock-up agreement with creditors.

Spur says Opa! to Nikos

Spur says Opa! to Nikos

The restaurant group says Nikos Coalgrill Greek has the potential to expand to around 50 outlets over the next few years.

Exxaro says trade war is supporting coal prices

Exxaro says trade war is supporting coal prices

The company is reassessing the potential for Moranbah South in Australia after it could raise high enough offers for a sale.

Sibanye-Stillwater to defend against lawsuits

Sibanye-Stillwater to defend against lawsuits

Bernstein Liebhard has filed a suit on behalf of shareholders after the company’s share price fell in response to deaths on its mines.

STAR tightens Tekkie Town’s laces

STAR tightens Tekkie Town’s laces

The retail group has deployed an interim management and support team after management at the footwear chain walked out.

Ansys reports lower profit as it prepares for growth

Ansys reports lower profit as it prepares for growth

The digital technology solutions provider has restructured its operations to take advantage of the digital revolution and the Internet of Things.

EOH strategy update stems share slide

EOH strategy update stems share slide

The IT services group is preparing to appoint a new CEO of its holding company as it separates into two operating units.

Steinhoff asks for more breathing room

Steinhoff asks for more breathing room

If creditors don’t extend their debt standstill arrangement beyond Saturday its European business faces reorganisations procedures in Austria.

Shoprite sinks on Wiese share sale

Shoprite sinks on Wiese share sale

The business tycoon sold a 2.9% stake in the retailer as part of a delta hedge to protect him from share-price movements.

Equities down but not out

Equities down but not out

Fund managers say market pullbacks and volatility create opportunities for investors although downside risks have increased...

Long4Life targets lower LSM market with Rage

Long4Life targets lower LSM market with Rage

The investment group is paying close to R4 billion for the fashion and footwear chain.

Omnia benefits from Mugabe’s departure

Omnia benefits from Mugabe’s departure

The group’s agriculture businesses were the stand-out performers last year as Zimbabwe, Australia and Brazil all delivered.

The end of the road for Old Mutual PLC

The end of the road for Old Mutual PLC

The company has come full circle since its demutualisation and international expansion drive almost two decades ago.

Wescoal doubles volumes after Keaton deal

Wescoal doubles volumes after Keaton deal

The coal miner says its operations are now close to its near-term target of 8 million tonnes a year run of mine.

Kumba derailed by stronger rand, lower prices

Kumba derailed by stronger rand, lower prices

The iron ore producer says earnings have also been affected by a high number of derailments on the Sishen-Saldanha railway line.

Ascendis to sell businesses following review

Ascendis to sell businesses following review

The healthcare group has ruled out any form of capital raise as it reviews its capital structure.

Quilter soars on market debut

Quilter soars on market debut

The wealth management business started trading yesterday ahead of Old Mutual Ltd’s listing today.

Steinhoff close to Kika/Leiner sale

Steinhoff close to Kika/Leiner sale

The embattled retailer will get up to €490 million for the property assets but next to nothing for the operating businesses of the Austrian retailer.

AngloGold and GoldFields get Ghana go-ahead

AngloGold and GoldFields get Ghana go-ahead

AngloGold Ashanti will proceed with the redevelopment of Obuasi while Gold Fields will boost its Ghanaian portfolio with a stake in Asanko

Naspers accelerates expansion after Tencent stake sale

Naspers accelerates expansion after Tencent stake sale

The internet and media giant plans to reinvest the proceeds from the Tencent stake sale into growing its e-commerce empire.

Imperial to go ahead with Motus unbundling

Imperial to go ahead with Motus unbundling

If you’re an Imperial shareholder you’ll get shares in the unbundled automotive division when it lists later this year, giving you more choice.

Ansys warns of lower profit

Ansys warns of lower profit

The digital technology solutions provider has been shifting direction, which it expects to affect short-term earnings.

Esor’s pipeline project drains profits

Esor’s pipeline project drains profits

The construction group expects to report a bigger full-year loss due to the Northern and Western Aqueduct pipeline projects.

Health stocks dip on NHI bill

Health stocks dip on NHI bill

The bill is aimed at narrowing the gap between the 10% of the population that can afford private healthcare and those who can’t.

Macsteel sale to boost AMSA’s earnings

Macsteel sale to boost AMSA’s earnings

The steel producer says if the deal had been in place last year, its headline loss would have been 11.1% lower.

Accelerate to consolidate and pay down debt

Accelerate to consolidate and pay down debt

After year’s of acquisitions, the property fund plans to reduce its loan to value towards its 35% target range.

Sibanye-Stillwater commits to improve safety

Sibanye-Stillwater commits to improve safety

The gold and platinum miner has reported 20 deaths on its mines since early February despite rolling out a revised safety strategy last year/

Grindrod in line for Mercantile

Grindrod in line for Mercantile

The bank says Mercantile would complement its existing financial services offering.

Brait stuck on New Look

Brait stuck on New Look

The investment group says it will keep the carrying value of the UK women’s fashion chain at zero until its turnaround shows results.

M&R shareholders approve Aveng merger talks

M&R shareholders approve Aveng merger talks

ATON said the outcome of the vote was heavily influenced by a major conflict of interest.

Analysis: AT&T and Time-Warner - a media/communications monster of a future kind

Analysis: AT&T and Time-Warner - a media/communications monster of a future kind

A US federal court decision has allowed the merger of AT & T and Time Warner, in an unprecedented bringing together of electronic pipelines and a...

Capital targets business market

Capital targets business market

Capitec is one of a number of parties interested in buying Mercantile as it expands its services.

Invicta hit by tax provision

Invicta hit by tax provision

The group is still planning an offshore listing to make it easier to access international debt and equity funding.

Liberty shares fall after blackmail attempt

Liberty shares fall after blackmail attempt

The life assurer says there’s no evidence yet that any customers have suffered any financial losses due to its systems being hacked.

PPC shows cracks in DRC

PPC shows cracks in DRC

The impairment of its DRC assets detracted from a strong performance from the cement producer, with profit more than doubling.

ATON cleared for Murray vote today

ATON cleared for Murray vote today

Shareholders will be asked for their approval for the group to pursue a takeover of Aveng.

Basil Read enters business rescue

Basil Read enters business rescue

The company has opted for business rescue after banks refused to provide bridge funding, leaving it in financial distress.

STAR reverts to Pepkor as Steinhoff sells Kika-Leiner

STAR reverts to Pepkor as Steinhoff sells Kika-Leiner

Steinhoff is selling its Austrian business to property group Signa after it failed to secure support from creditors, suppliers and credit insurers.

PPC impairs DRC assets after elections uncertainty

PPC impairs DRC assets after elections uncertainty

The cement producer says infrastructure projects in the DRC are on hold, leading to an oversupply to the local market.

GAIA eyes more infrastructure investments

GAIA eyes more infrastructure investments

The investment holding company says it has a strong pipeline of investment opportunities yielding above target investment returns.

Wiese's Invicta provides for SARS settlement

Wiese's Invicta provides for SARS settlement

The group has provided a further R400 million against a potential tax settlement as it continues to barter with the Receiver.

Kibo’s losses widen as it lines up projects

Kibo’s losses widen as it lines up projects

The mining exploration and energy company is positioning itself as a strategic regional electricity supplier.

Mitsubishi lifts stake in Anglo’s copper project

Mitsubishi lifts stake in Anglo’s copper project

The Japanese company will pay $600 million to increase its stake in the copper project to 40% from 18.1%.

PSV close to empowerment deal, recapitalisation

PSV close to empowerment deal, recapitalisation

The industrial manufacturing group says Regis will subscribe for shares on the proviso that it introduces a B-BBEE partner.

Sea Harvest reels in Viking deal

Sea Harvest reels in Viking deal

The company has led a consortium of black investors that will buy Viking Fishing in a deal valued at R885 million.

Peregrine sells securities business to Legae

Peregrine sells securities business to Legae

The financial services group says the higher capital requirement of its securities businesses are out of kilter with its other divisions.

Glencore settles with Gécamines in DRC dispute

Glencore settles with Gécamines in DRC dispute

Glencore and state-owned Gécamines have sorted out their differences over a massive capital shortfall at their DRC joint venture.

Aveng slumps on rights issue debut

Aveng slumps on rights issue debut

The construction group’s shares started trading ex-entitlement to its R500m, 10c per share rights issue yesterday.

Tencent sale boosts profit at Naspers

Tencent sale boosts profit at Naspers

The media and internet group expects full-year EPS to be as much as 390% higher, while HEPS will be up by 70% to 75%.

Currency headwinds blow smoke on BAT

Currency headwinds blow smoke on BAT

The cigarette maker claims to be outpacing the industry growth but the stronger dollar is weighing on profit growth.

Bulked up Stor-age boosts payout

Bulked up Stor-age boosts payout

The self-storage REIT says it has the capacity to make more acquisitions in SA and the UK.

Grand Parade rallies on FD appointment

Grand Parade rallies on FD appointment

Shares in the casino and fast food group jumped as much as 11% after it said it had appointed Colin Priem as its new FD.

Barloworld bids adios to Iberia

Barloworld bids adios to Iberia

The group has sold its Iberian Caterpillar earth-moving equipment business to Italian group Tesa for an initial payment of €142 million.

Sun International loses Chile licence

Sun International loses Chile licence

Competing bidder for the licence submitted a higher economic offer which wouldn’t have delivered acceptable returns.

Vodacom unveils new R17.5bn BEE deal

Vodacom unveils new R17.5bn BEE deal

YeboYethu shareholders will receive a R3 billion special dividend, equal to R67.28 per share.

Profit down as Alex Forbes delivers on costs

Profit down as Alex Forbes delivers on costs

The financial services group says it’s met its 2020 savings target two years ahead of schedule.

Ellies continues its comeback

Ellies continues its comeback

The electronics group will report a full-year profit after a turbulent few years of losses.

Novus says its results will be less bad

Novus says its results will be less bad

The print and packaging group has closed a plant and decommissioned printing presses after Media24 renegotiated its printing agreement.

Bid for Murray turns acrimonious

Bid for Murray turns acrimonious

ATON maintains that merging M&R with Aveng would benefit Aveng’s bondholders at the expense of Murray’s shareholders.

Rand caught in emerging-market contagion

Rand caught in emerging-market contagion

The unit traded at its weakest in six months on Friday as investors dumped emerging-market assets for US dollars and treasuries

Bidvest says it’s yet to benefit from Ramaphoria

Bidvest says it’s yet to benefit from Ramaphoria

The industrial group says its local operations have delivered a solid performance for the 10 months to end-April despite weak economic activity

Stenprop tweaks distributions as it prepares for London Listing

Stenprop tweaks distributions as it prepares for London Listing

The property group is changing its distribution policy in line with its new UK REIT status as it prepares to list on the LSE.

Steinhoff gets lifeline from creditors

Steinhoff gets lifeline from creditors

The support from the majority of the group’s creditors will stave off insolvency proceedings against the beleaguered furniture retailer.

Kibo enters power JV in Mozambique

Kibo enters power JV in Mozambique

The energy and resource company says the project will help position it as a leading regional energy player.

Harmony Gold raises R1bn in bookbuild

Harmony Gold raises R1bn in bookbuild

The gold producer will use proceeds to pay part of the bridge loan it raised to fund its Moab Khotsong acquisition.

Zimplats meets government half way on land

Zimplats meets government half way on land

The platinum producer has secured mining tenure over two parcels of land for the life of mine of its operations in Zimbabwe.

Sanlam plans another equity raise

Sanlam plans another equity raise

The life assurer says it will issue 5% more shares later this year to boost its empowerment credentials.

Aveng proceeds with rights offer as ATON turns away

Aveng proceeds with rights offer as ATON turns away

The construction group will offer investors new shares at 10c each, regardless of whether a merger with Murray & Roberts goes ahead.

eXtract on track with transformation

eXtract on track with transformation

The group, which was unbundled from enX, is exiting its mining contracts as it transforms itself into an alternative investment fund.

Studio marked up on higher student numbers

Studio marked up on higher student numbers

Shares in the tertiary education group shot up 20% after it updated the market on student numbers and outlined plans for a new Durbanville campus.

Richemont trades handbags for old watches

Richemont trades handbags for old watches

The luxury goods group has sold luxury handbag maker Lancel to Piquadro and has bought Watchfinder.co.uk.

Delta prepares for another tough year

Delta prepares for another tough year

The property fund expects earnings to decline marginally due to once-off lease adjustments and asset disposals.

STAR receives summons from Tekkie Town

STAR receives summons from Tekkie Town

The retail group says it’s been advised that there’s no reasonable prospect of its being held liable for an earn-out deal.

Metair powers up battery unit with Slovenian deal

Metair powers up battery unit with Slovenian deal

If the deal goes ahead, Metair says it will make it a key player in the global energy solutions market.

Mr Price is back on track

Mr Price is back on track

The retailer has normalised its dividend payout as its earnings recovered after last year’s blip.

Life gets a healthy boost from Alliance

Life gets a healthy boost from Alliance

The inclusion of Alliance Medical’s earnings for the full six months led to Life Healthcare’s profit more than doubling.

Security acquisitions boost CSG’s earnings

Security acquisitions boost CSG’s earnings

The contract services group has grown its Security and Risk Solutions business through a number of deals last year.

Huge Group no longer a minnow

Huge Group no longer a minnow

The telecoms and fintech group says acquisitions made last year have opened it up to new growth opportunities.

Greenbay to buy back “undervalued” shares

Greenbay to buy back “undervalued” shares

The property group plans to buy back up to 4.99% of its own shares as it says they trade at a big discount to NAV.

Murray tries to get ATON on side for Aveng deal

Murray tries to get ATON on side for Aveng deal

Shares in Aveng jumped 36% yesterday after Murray & Roberts said it planned to discuss the merits of a merger with ATON.

Jewellery loses its sparkle at Taste

Jewellery loses its sparkle at Taste

The fast food and luxury goods group has reported wider losses as it invests in rolling out Domino’s and Starbucks outlets.

Spar gets Irish boost on weaker rand

Spar gets Irish boost on weaker rand

Almost a third of Spar’s turnover is generated in foreign currency and the rand’s depreciation against the euro helped boost first-half earnings.

Finbond eyes further US growth as a rand hedge

Finbond eyes further US growth as a rand hedge

The short-term lender says there are big opportunities in the $46 billion per year US alternative financial services market.

Vukile to list Spanish subsidiary as it grows offshore

Vukile to list Spanish subsidiary as it grows offshore

The real estate investment trust is experiencing strong deal flow and seeing the benefits of the operating infrastructure it has created in Spain.

Nampak gets cash out of Nigeria as business picks up

Nampak gets cash out of Nigeria as business picks up

The packaging group still plans to sell its glass business and expects to conclude a deal by the first half of next year.

STAR falls on Steinhoff provisions

STAR falls on Steinhoff provisions

The retailer says the fall in Steinhoff’s share price meant the risk of liability on its third-party guarantees could no longer be considered remote.

Aveng not throwing in the towel yet

Aveng not throwing in the towel yet

Aveng says merging with M&R would be in the best interests of shareholders and it’s continuing to pursue a deal.

Insimbi benefits from recycling in tough environment

Insimbi benefits from recycling in tough environment

While its foundation business experience a tough year, it was supported by its metals recycling operation.

MTN launches Ghana IPO

MTN launches Ghana IPO

The offer price values MTN’s Ghanaian operation at about R17 billion.

African Bank's cautious approach pays off

African Bank's cautious approach pays off

The bank that was formed out of ABIL’s good assets has reported a drop in credit impairments as it focuses on lower-risk customers.

Laas muzzled over ATON takeover offer

Laas muzzled over ATON takeover offer

ATON has also been told to make a mandatory R17 per share offer to Murray & Roberts’ shareholders.

AMSA offloads Macsteel stake for $220 million

AMSA offloads Macsteel stake for $220 million

The sale price implies that ArcelorMittal SA’s stake in Macsteel International is worth more than its entire market capitalisation.

Tongaat pushes for stronger tariff implementation

Tongaat pushes for stronger tariff implementation

The sugar producer faced unfair competition from imports after the government failed to put proper safeguards in place.

Telkom grows mobile as voice falls

Telkom grows mobile as voice falls

The telecoms group invested R7.9 billion in capex last year as it grows its mobile and fibre network.

Fall-off in state business hits Reunert

Fall-off in state business hits Reunert

The ICT and electronics group says there’s been an unprecedented reduction in demand from SOEs and municipalities.

Hulamin left reeling by robust rand

Hulamin left reeling by robust rand

The rand’s strength at the beginning of the year and so-called metal price lag will more than halve Hulamin’s first-half earnings.

Sygnia targets cryptocurrency market

Sygnia targets cryptocurrency market

The fund manager says the market for virtual currencies is evolving at a rapid pace, attracting both domestic and international flows.

ATON’s Murray bid could signal game over for Aveng

ATON’s Murray bid could signal game over for Aveng

The German group has bought more shares in Murray & Roberts at R17 each and is now obliged to increase its offer to minorities.

STAR drops Steinhoff guarantee bombshell

STAR drops Steinhoff guarantee bombshell

The African retail giant says it will report lower first-half earnings after making provisions to deal with Steinhoff’s collapsing share price.

Massmart slumps on profit warning

Massmart slumps on profit warning

The group expects to report a fall in earnings before interest and tax due to flat sales and an organisational restructuring.

Tiger Brands earnings hit by listeriosis outbreak

Tiger Brands earnings hit by listeriosis outbreak

The group says the factories where its value-added meat products are made will be closed for most of the remainder of its financial year.

Fast food slows down for Famous Brands

Fast food slows down for Famous Brands

The group believes that its long-term investment strategy in the UK was sound and that Gourmet Burger Kitchen will add value in time.

Swiss business injures Mediclinic

Swiss business injures Mediclinic

Conditions for the private hospitals group have improved in the Middle East but Switzerland is now in need of resuscitation.

TFG sinks on weak profit growth

TFG sinks on weak profit growth

The retail group says consumer and business confidence have been hampered by economic and political uncertainty, here and in the UK.

STAR repays Steinhoff loans

STAR repays Steinhoff loans

The Africa-focused retail giant raised R18 billion in new financing from local banks and will use R2 billion to fund its operations.

Lewis gains momentum

Lewis gains momentum

The furniture retailer expects sales to continue improving, helped by a favourable court ruling on affordability assessment regulations.

Tsogo places its chips on an economic recovery

Tsogo places its chips on an economic recovery

The hotel and casino operator says its underlying operations remain highly geared towards the SA consumer and the corporate market.

 Reinet’s NAV falls on BAT share price dip

Reinet’s NAV falls on BAT share price dip

Reinet says it continues to take comfort from BAT’s underlying financial results, dividend flows and future prospects.

Resilient’s NAV rises on restated accounts

Resilient’s NAV rises on restated accounts

The real estate investment trust has restated its half-year numbers after taking legal advice on how to account for its education trusts.

Rhodes in a pickle over strong rand

Rhodes in a pickle over strong rand

The rand’s strength this year combined with the ongoing drought in the Western Cape and its Ma Baker acquisition have eaten into first-half earnings.

Woolworths shakes things up down under

Woolworths shakes things up down under

The retailer has streamlined its management structured in Australia and discontinued the role of regional CEO after a poor performance from David Jones.

Trencor hit by container impairment

Trencor hit by container impairment

The group has reported a much improved operating result but had to impair the value of its container fleets resulting in a net loss.

Verimark rings up higher sales

Verimark rings up higher sales

The direct-response retailer says it will also re-enter the international market but it will take time to achieve a return on its investment.

Pioneer bounces back after the drought

Pioneer bounces back after the drought

The branded food producer has reported a strong rise in first-half earnings as an unfavourable maize position worked itself out of the system.

Barloworld buoyed by Caterpillar demand

Barloworld buoyed by Caterpillar demand

Strong commodity prices have resulted in more demand for Caterpillar equipment in the global mining aftermarket.

Dipula beds down R8.5 billion portfolio

Dipula beds down R8.5 billion portfolio

The real estate investment trust plans to integrate recent acquisitions and extract maximum value from its existing portfolio.

ATON may scupper Murray’s Aveng takeover

ATON may scupper Murray’s Aveng takeover

Murray’s biggest investor won't back a planned merger with Aveng, saying management is putting its interests ahead of other stakeholders.

Steinhoff goes cap in hand to creditors

Steinhoff goes cap in hand to creditors

The group says it needs to sort out its liquidity situation urgently and that its retail operations remain profitable at an operating level.

Richemont’s profit constrained as it buys back watches

Richemont’s profit constrained as it buys back watches

The luxury goods group says its approach to the grey market remains uncompromising as it moves to protect its brands.

Liberty working on persistency

Liberty working on persistency

The life assurer says its focused on restoring its retail business and improving STANLIB’s investment performance.

Tongaat bitter over unprotected sugar imports

Tongaat bitter over unprotected sugar imports

The sugar producer says import duties weren’t applied property by the authorities, forcing it to export excess production.

Famous Brands chokes on Gourmet Burger

Famous Brands chokes on Gourmet Burger

The restaurant group will account for impairments and provisions of R4.6 million against its investment in the upmarket UK burger chain.

Investec’s Steinhoff losses lower than expected

Investec’s Steinhoff losses lower than expected

Credit exposures represent a small portion of the bank’s balance sheet and it doesn’t expect to suffer any losses on these exposures.

Impairments aside, Stefanutti’s earnings jump

Impairments aside, Stefanutti’s earnings jump

Headline earnings at the construction group were higher last year but massive impairments massacred operating profit.

Transaction Capital gears up for faster economy

Transaction Capital gears up for faster economy

The minibus taxi financier and debt collector says its medium-term growth objectives could be beaten as the economy recovers.

Capital Appreciation “cautiously confident” of better times

Capital Appreciation “cautiously confident” of better times

The FinTech company has reported its first full-year results since acquiring a number of businesses, declaring a maiden dividend of 4c per share.

Bidorp reports steady progress

Bidorp reports steady progress

Despite challenges, including volatile exchange rates, the food services group says most regions have traded positively and Europe’s been "excellent".

Mondi benefits from rising prices

Mondi benefits from rising prices

The paper and packaging group says higher selling prices have offset rising operating costs and the impact of maintenance shutdowns.

Santova overcomes rand headwinds as it embraces change

Santova overcomes rand headwinds as it embraces change

The transport and logistics group says it has embraced changing consumer patterns and new technology as an opportunity to stand out.

AYO likely to miss listing guidance

AYO likely to miss listing guidance

The ICT group says while it expects an improved second-half, it's unlikely to meet expectations in last year’s pre-listing statement.

Buoyant Australian market boosts Investec Fund

Buoyant Australian market boosts Investec Fund

Positive conditions in Australia and New Zealand and strong foreign capital flows are creating opportunities for the Investec Australia Property Fund.

Investec Property Fund bemoans weak economy

Investec Property Fund bemoans weak economy

The fund says the positive shift in business and consumer sentiment isn’t likely to results in higher growth rates in the short term.

Accounting woes plague Trencor

Accounting woes plague Trencor

The container group expect to report a loss for 2017 due to different accounting standards in SA to the US.

Calgro overcomes cash crunch

Calgro overcomes cash crunch

The affordable housing developer says a joint venture with Afhco has also created an anomaly in its financial statements.

Vodacom focuses on content and fibre to replace lost data revenue

Vodacom focuses on content and fibre to replace lost data revenue

New regulations will limit the group’s ability to charge higher out-of-bundle rates for data.

Netcare sees SA recovery after UK exit

Netcare sees SA recovery after UK exit

The hospitals group says the decision to exit the UK will leave management focused exclusively on its SA operations and other emerging growth opportunities.

Lonmin vigilant with cash ahead of takeover

Lonmin vigilant with cash ahead of takeover

The platinum producer says a takeover by Sibanye-Stillwater will create a more resilient company that is better able to withstand short-term volatility.

Sappi battles to meet rising demand for its products

Sappi battles to meet rising demand for its products

The group is looking for more opportunities to increase its capacity for dissolving wood pulp due to strong demand and positive markets

AMSA calls for building codes to halt inferior imports

AMSA calls for building codes to halt inferior imports

The steel producer claims that low standard gauge imports are being used in the informal roofing market.

Steinhoff continues to unravel

Steinhoff continues to unravel

Market analysts say they don’t view Steinhoff as investable due to a lack of visibility on its net asset value, earnings and cash flow.

Ansys rebrands to fit new strategy

Ansys rebrands to fit new strategy

The digital technology solutions provider is positioning itself for growing digitisation of the economy

Steinhoff seeks more culprits

Steinhoff seeks more culprits

Apart from former CEO Markus Jooste, the retailer is considering action against some of its former executives, including reclaiming their bonuses.

Ecobank turnaround lifts Nedbank

Ecobank turnaround lifts Nedbank

Nedbank expects to book a profit from its pan-African associate after last year’s losses weighed on its performance.

Altron to resume dividends after restructuring

Altron to resume dividends after restructuring

The group says it plans to pay its first dividend in three years after making progress with its restructuring process.

Datatec takes a drubbing on loss warning

Datatec takes a drubbing on loss warning

The technology group will only include half-year numbers from Westcon Americas in its full-year results after selling the business.

Equites rides the e-commerce wave

Equites rides the e-commerce wave

The logistics-focused property fund says there’s strong demand in SA and the UK for modern logistics facilities as e-commerce takes off.

UK exit muddies Netcare’s numbers

UK exit muddies Netcare’s numbers

A number of once-off non-trading items will result in a surge in first-half earnings per share and a slump in headline earnings.

MTN in the crossfire as Trump goes nuclear on Iran

MTN in the crossfire as Trump goes nuclear on Iran

The cellphone operator still has €200 million in dividends and loans in Iran which may now be frozen under fresh US sanctions.

Cash-flush Long4Life pays maiden dividend

Cash-flush Long4Life pays maiden dividend

After a spate of acquisitions since listing last February, Long4Life sits with R1.7 billion in cash on its balance sheet.

AB InBev cracks a Bud ahead of kick off

AB InBev cracks a Bud ahead of kick off

The global brewer has lost SA market share in the mainstream segment but is aiming for more of the premium market.

Naspers sticks Flipkart in Walmart’s trolley

Naspers sticks Flipkart in Walmart’s trolley

The tech and media group has sold its stake in the Indian eCommerce company for $2.2 billion after investing $616 million.

Sun asks shareholders for head room

Sun asks shareholders for head room

The hotel and gaming group is launching a rights offer partially underwritten by activist shareholder Value Capital Partners.

Leaner AngloGold does well down under

Leaner AngloGold does well down under

The gold producer has sold off most of its South African operations, helping to reduce by 14%.

Recovery in commodities lifts Barloworld

Recovery in commodities lifts Barloworld

The Caterpillar dealer says more favourable commodity prices and increased mining activity are boosting demand for its equipment.

Rebosis to cut debt as it focuses on retail

Rebosis to cut debt as it focuses on retail

The property fund has declared a first-half distribution of 4%-5% in line with market guidance.

Redefine says stronger growth is needed to lift property market

Redefine says stronger growth is needed to lift property market

The real estate investment trust has lifted its interim distribution by 5.5% but says growth rates need to double for the market to flourish.

Raubex calls for more infrastructure spend

Raubex calls for more infrastructure spend

The roads and construction group says its order book from SANRAL and local government has shrunk as spending dries up.

Kaap Agri expects better second half

Kaap Agri expects better second half

The group says improved consumer confidence, a better harvest and an expanded store network should result in stronger revenue growth.

Anchors aweigh for Grindrod listing

Anchors aweigh for Grindrod listing

Grindrod Shipping will leave berth in a month’s time, with current Grindrod shareholders receiving one GSH share for every 40 Grindrod shares.

Astoria cautions against RAC offer

Astoria cautions against RAC offer

It says the offer requires shareholders to respond without knowing the ratio of cash to RAC preference shares they might get.

Hulamin says no immediate impact from US tariffs

Hulamin says no immediate impact from US tariffs

In the short to medium term, the direct impact of higher import tariffs is likely to be neutral as there is little available capacity.

Dis-Chem results no tonic for investors

Dis-Chem results no tonic for investors

Analysts say the discount pharmacy chain’s full-year earnings don’t justify its lofty market valuation.

Limited appetite for Libstar

Limited appetite for Libstar

The food producer just met its IPO goal while Consol held back when it couldn’t raise the targeted R3-R3.5 billion.

Astoria rallies on RAC offer

Astoria rallies on RAC offer

RECM & Calibre plans to take advantage of Astoria’s NAV discount and will implement its own capital allocation framework at the group.

MTN weighs up exposure to China’s ZTE

MTN weighs up exposure to China’s ZTE

The mobile operator says it’s assessing both the impact and contingent planning given its exposure to ZTE in its networks.

Sibanye holds back on capex as rand gold price weakens

Sibanye holds back on capex as rand gold price weakens

The gold and platinum miner is cutting back R550 million in capex this year as it defers non-essential spending.

Quantum increases profit estimates

Quantum increases profit estimates

The poultry producer has forecast a massive rise in first-half earnings as the winds turn for the industry.

Light at the end of the tunnel for silicosis victims

Light at the end of the tunnel for silicosis victims

Mining companies have agreed on compensation for workers who contracted lung diseases on their mines.

Harmony gets a lift from Moab Khotsong

Harmony gets a lift from Moab Khotsong

The gold miner has raised its production guidance for the year to 1.18 million ounces from 1.1 million due to the inclusion of Moab

Mouton opens up about dementia

Mouton opens up about dementia

Jannie Mouton, founder and former CEO of PSG Group, says he’ll stay on as non-executive chairman despite being diagnosed with an early form of dementia.

Orion Minerals offloads Connors Arc Project

Orion Minerals offloads Connors Arc Project

The proceeds from the sale will enable Orion to progress bankable feasibility study work on the Prieska Zinc-Copper Project in South Africa.

Trencor avoids JSE suspension, for now

Trencor avoids JSE suspension, for now

The JSE has given Trencor more time to produce its 2017 financial results, which have been delayed due to onerous reporting requirements.

Astral to hatch record earnings growth

Astral to hatch record earnings growth

Results from the poultry producer will be even better than previously anticipated due to a strong couple of months in February and March.

Glencore topples as DRC troubles continue

Glencore topples as DRC troubles continue

A Democratic Republic of Congo Court has frozen the assets of Glencore subsidiaries over close to $3 billion in unpaid royalties.

Old Mutual held back by weak markets

Old Mutual held back by weak markets

The JSE’s All Share Index declined 6.8% in the first quarter of the year, impacting shareholder investment returns.

Mondi strengthens position in Middle East

Mondi strengthens position in Middle East

The paper and packaging group has bought an Egyptian industrial bag maker, giving it a leading position in that country.

UK's Alliance gives Life Healthcare a lift

UK's Alliance gives Life Healthcare a lift

Alliance Medical has been included in Life’s results for the full six-month period compared with just over four months last year.

Choppies turns a big profit in South Africa

Choppies turns a big profit in South Africa

The retailer’s operations in the North West turned profitable, with a surge in earnings.

Aveng asks shareholders for leap of faith

Aveng asks shareholders for leap of faith

The embattled construction group is proposing a R1.8 billion rights offer - more than four times its current market value.

Tongaat topples on bleak update

Tongaat topples on bleak update

World sugar prices have been under pressure and importers have been taking advantage of a lack of duty protection in SA.

Wiese wants his money back

Wiese wants his money back

The former Steinhoff chairman is claiming R59 billion from the retailer due to transactions entered into in 2015 and 2016.

Jilted intu concedes as Hammerson calls it off

Jilted intu concedes as Hammerson calls it off

intu says it will withdraw its recommendation of the transaction and will release Hammerson from all its obligations pertaining to the acquisition.

RDI continues to hone its portfolio

RDI continues to hone its portfolio

The real estate investment trust says it’s seeing an increased opportunity for real estate owners to become high-quality service providers.

Challenging market shatters Consol listing

Challenging market shatters Consol listing

The glass manufacturer says it’s decided to cancel IPO as it wouldn’t achieve its valuation objectives in the current environment.

South Deep continues to weigh on Gold Fields

South Deep continues to weigh on Gold Fields

The gold producer has cut production targets for its South African mine due to labour and equipment issues.

Standard Bank lukewarm on earnings growth

Standard Bank lukewarm on earnings growth

The bank says asset growth has been slow in South Africa and at its operations across the rest of the continent.

Minas-Rio continues to hinder Anglo

Minas-Rio continues to hinder Anglo

The suspension of operations at the Brazilian iron ore mine will cost Anglo $300-$400 million in earnings this year.

Cartrack builds annuity streams through subscriber growth

Cartrack builds annuity streams through subscriber growth

The telematics group believes it can continue growing subscribers and revenue growth in the double digits for the foreseeable future.

PSG firing on (almost) all cylinders