Mr Price reports record market share as sales grow

Mr Price reports record market share as sales grow

The value retailer warns that the end of government support initiatives is likely to affect discretionary spending.

Mediclinic benefits from unseasonably high inpatient activity

Mediclinic benefits from unseasonably high inpatient activity

The private hospital group says it is working with health authorities to support government-led vaccination roll-out plans.

Redefine cans 2020 dividend

Redefine cans 2020 dividend

The real estate investment trust says its solvency and liquidity would be at risk if it met the minimum distribution requirement.

Pan African prepares for solar power

Pan African prepares for solar power

The gold mining company expects to generate the first power from the solar photovoltaic plant in the third quarter of the year.

Reinet grows NAV despite weaker BAT

Reinet grows NAV despite weaker BAT

The investment fund has been reducing its stake in British American Tobacco and increasing its insurance investment.

Gold Fields hires former Amplats boss as CEO

Gold Fields hires former Amplats boss as CEO

Chris Griffith will take over from Nick Holland, who has led the gold mining company for the past 13 years.

South32 makes progress with disposals

South32 makes progress with disposals

The diversified mining company is targeting the divestment of its SA Energy Coal business by the end of March.

Barloworld sells Motor Retail unit to JV

Barloworld sells Motor Retail unit to JV

The industrial holding company will retain a 50 percent stake in the business through its partnership with the Akoo family.

Massmart reports lower sales due to Covid-19

Massmart reports lower sales due to Covid-19

The retail and wholesale group says fourth-quarter sales were weaker but showed an improvement from earlier in the year.

RDI set back by new restrictions

RDI set back by new restrictions

The real estate investment trust says new lockdown measures will delay the expected recovery in its operating assets.

BHP maintains guidance as iron ore gains offset declining coal

BHP maintains guidance as iron ore gains offset declining coal

The diversified resources group has raised iron ore guidance for the year after restarting its Samarco operations in Brazil.

Montauk gets go-ahead for JSE listing

Montauk gets go-ahead for JSE listing

Local investors will get shares in Nasdaq-listed Montauk Resources without impacting their foreign investment allowances.

Richemont buoyed by Chinese shoppers

Richemont buoyed by Chinese shoppers

Sales grew in all regions with the exception of Europe, where they were curtailed by renewed public health protection measures and a halt in tourism.

Sibyane-Stillwater beats production forecasts

Sibyane-Stillwater beats production forecasts

The platinum group metals and gold producer says it is well positioned to deliver a more consistent and improved performance this year.

Textainer takes out TAP Funding

Textainer takes out TAP Funding

Following the TAP deal, the company owns about 89 percent of the shipping containers in its fleet.

PSG buys back cheap shares

PSG buys back cheap shares

The investment holding company still trades at a significant discount to the value of its underlying investments.

Europa Metals starts drilling at Toral

Europa Metals starts drilling at Toral

The drilling programme forms part of a pre-feasibility study of the Spanish lead, zinc and silver project.

Foschini cushioned by local sales

Foschini cushioned by local sales

Turnover at its African operations was boosted by the acquisition of Jet in September.

Glencore sells Mopani stake to ZCCM

Glencore sells Mopani stake to ZCCM

The diversified commodities marketer and trader has transferred its effective 73 percent interest in the copper mining company.

Hammerson hit by new restrictions

Hammerson hit by new restrictions

The shopping centre owner has collected 41 percent of rent owed for the first quarter as lockdown restrictions are tightened in the UK and Europe.

Long4Life to continue share buybacks

Long4Life to continue share buybacks

The lifestyle investment company has been repurchasing shares rather than using surplus liquidity to pay dividends.

Limited take-up of Texton offer

Limited take-up of Texton offer

The property fund says investors holding less than 2 percent of its shares tendered them to a mandatory offer.

Conduit Capital to report a turnaround

Conduit Capital to report a turnaround

The investment holding company says its Constantia Insurance business has produced nine consecutive months of underwriting profits.

Murray blindsided in Middle East

Murray blindsided in Middle East

The specialist engineering and construction group says its former client acted in utmost bad faith by calling in bond securities.

Jubilee supported by blue-chip investors

Jubilee supported by blue-chip investors

The metals processing company has placed almost 5 percent of its enlarged share capital with institutional shareholders.

UK fraud body drops BAT probe

UK fraud body drops BAT probe

The SFO will continue to offer assistance to the ongoing investigations of other law enforcement partners.

Covid-19 dents sales at Truworths

Covid-19 dents sales at Truworths

The retailer will report a decline in first-half sales and earnings as Covid-19 continues to affect its stores in SA and the UK.

EPP impacted as Poland extends lockdown

EPP impacted as Poland extends lockdown

The shopping centre owner says about 30 percent of its floorspace remains operational due to trading restrictions.

Ascendis cautions on Ivermax hype

Ascendis cautions on Ivermax hype

The pharmaceuticals group says the antiparasitic remedy has not been authorised as a treatment for Covid-19.

Pick n Pay hires new CEO as Brasher retires

Pick n Pay hires new CEO as Brasher retires

Brasher will be replaced by Pieter Boone, who was identified in a global search that included internal candidates.

Curro expands in the Eastern Cape

Curro expands in the Eastern Cape

The private schools group has bought a preparatory school in Port Elizabeth, using some of the proceeds of a rights issue.

Remgro grows RCL stake

Remgro grows RCL stake

The investment holding company extended an offer it made to one minority shareholder of the poultry and food group.

Jubilee’s metals strategy takes shape

Jubilee’s metals strategy takes shape

The metals processing company is expanding into copper and cobalt as its PGM and chrome operations mature.

Alaris in talks to buy UK business

Alaris in talks to buy UK business

The antenna specialist has said it wants to strengthen its radio frequency and microwave electronic design and manufacturing capabilities.

Merafe reports big decline in annual output

Merafe reports big decline in annual output

The company, which shares in a joint venture with Glencore, says production was impacted by Covid-10, weak markets and electricity constraints.

Covid-19 fails to derail Cartrack

Covid-19 fails to derail Cartrack

The vehicle telematics group continues to grow subscribers as it targets a Nasdaq listing.

Tharisa reports strong first quarter

Tharisa reports strong first quarter

The mining company says it is on track to meet its full-year production guidance in a strong spot market for platinum group metals.

Schroder grows value in tough market

Schroder grows value in tough market

The real estate investment trust has benefitted from new leases while investing in its landmark Paris property.

Omnia wraps up Oro Agri sale

Omnia wraps up Oro Agri sale

The disposal, announced last October, will help the fertiliser and chemicals group pay off debt and return cash to shareholders.

Stellar finalises Tellumat disposals

Stellar finalises Tellumat disposals

Tellumat sold its Air Traffic Management and Defence and Security businesses to Hensoldt South Africa for an undisclosed sum.

Your dividend cheque is NOT in the post

Your dividend cheque is NOT in the post

Companies will no longer pay dividends to shareholders using cheques as they have been discontinued by banks.

Murray notches up another contract win

Murray notches up another contract win

The specialist engineering and construction group expects to return to profitability this year as new projects start contributing to earnings.

WBHO says Probuild sale is over

WBHO says Probuild sale is over

Buyers of the business withdrew their investment application on advice that it would be rejected by the Federal Government of Australia.

Alphamin beats production guidance

Alphamin beats production guidance

The tin miner is developing more resources adjacent to its Mpama North site in the Democratic Republic of Congo.

Accentuate sets delisting date

Accentuate sets delisting date

The infrastructure supplies group has been taken over by shareholder Pruta Securities.

Mazor prepares to leave the JSE

Mazor prepares to leave the JSE

A general offer to shareholders has kicked in after a scheme of arrangement failed to win enough support.

AfroCentric division wins government medical tender

AfroCentric division wins government medical tender

Medical aid administrator Medscheme will hold the managed care services contract for 5 years, with a few new add-ons.

Cartrack aims for Nasdaq after delisting

Cartrack aims for Nasdaq after delisting

Founding shareholder Zak Calisto is offering shareholders a stake in his holding company if they want to remain invested in the vehicle telematics group.

Sasol climbs on oil recovery

Sasol climbs on oil recovery

After a delayed reaction to a jump in the price of Brent crude on Tuesday, Sasol rose to its highest since last February.

Tsogo builds Hospitality stake

Tsogo builds Hospitality stake

The hotel operator extended the closing date for its general offer to 29 January.

Hyprop butts heads with JSE over dividends

Hyprop butts heads with JSE over dividends

The REIT will now pay a cash dividend, giving shareholders the option to reinvest in Hyprop shares.

Mondi bulks up Turkish packaging operations

Mondi bulks up Turkish packaging operations

The paper and packaging group plans a mandatory offer to minority shareholders after buying a majority stake in Olmuksan International Paper.

Conduit CEO to defer compensation

Conduit CEO to defer compensation

Sean Riskowitz says he will delay all personal remuneration until shareholder value is restored.

Santam starts assessing lockdown claims

Santam starts assessing lockdown claims

The short-term insurer will continue with its application for leave to appeal the Ma-Afrika judgment, specifically regarding the indemnity period.

Sasol closes Gemini sale

Sasol closes Gemini sale

The cash proceeds from the transaction will be used to repay near-term debt obligations.

Labat Africa recovers on healthcare investments

Labat Africa recovers on healthcare investments

The investment company has moved out of the fuel business as it focuses on growing its healthcare assets.

Sirius acquires three new business parks

Sirius acquires three new business parks

The German-focused real estate group says it continues to benefit from a strong cash position as it makes further acquisitions.

ELB gets the nod to delist

ELB gets the nod to delist

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

Labat Africa flags a positive turnaround

Labat Africa flags a positive turnaround

The investment holding company is profiting from the growing market for medicinal cannabis and has disposed of its fuel businesses.

AngloGold sees the new year in with Sadiola sale

AngloGold sees the new year in with Sadiola sale

The disposal of its stake in the Malian mine wraps up a portfolio rationalisation that started in 2014.

Afrox prepares to delist from JSE

Afrox prepares to delist from JSE

Shareholders approved a full takeover by parent company group Linde earlier this month.

Stenprop exits Berlin retail property

Stenprop exits Berlin retail property

The property group plans to switch its entire portfolio to UK multi-let industrial estates by March 2022.

Attacq sells MAS stake to Oppenheimer company

Attacq sells MAS stake to Oppenheimer company

The real estate investment trust will use the proceeds to pay down debt and fund development opportunities.

Exxaro Black Mountain sale falls through

Exxaro Black Mountain sale falls through

The diversified resources group says it will continue to evaluate its options on the investment as part of its strategic review.

Grindrod sells Senwes holding

Grindrod sells Senwes holding

The freight and logistics group decided to dispose of its stake in the agri business last year after deeming it non-core.

BHP to restart Samarco operations

BHP to restart Samarco operations

Production at the iron ore mine was suspended five years ago after a dam collapsed, destroying towns and killing 19 people.

MAS continues Western Europe property disposals

MAS continues Western Europe property disposals

The European real estate company is focused on growing its presence in Central and Eastern Europe.

Marshall Monteagle maintains dividend despite tough year

Marshall Monteagle maintains dividend despite tough year

The investment company says all its companies have had to adjust to the new and challenging environment.

AB InBev sells stake in US can plants

AB InBev sells stake in US can plants

The brewing giant says the deal will help it optimise its assets, unlock shareholder value and repay debt.

South32 a step closer to SA coal sale

South32 a step closer to SA coal sale

The global mining group expects to secure approval from Eskom in time to close the deal by the end of March.

Hammerson targets European investors

Hammerson targets European investors

The shopping centre owner has taken a secondary listing on the Irish Stock Exchange, which trades as Euronext Dublin.

CMH sells property in lease back deal

CMH sells property in lease back deal

The Randjespark property is currently occupied by one of its subsidiaries, which will rent it back from the empowerment buyers.

Afristrat narrows its losses after restructuring

Afristrat narrows its losses after restructuring

The private equity investor plans to rebuild its banking and financial services platform around the assets of fintech company MyBucks.

NEPI resilient despite new restrictions

NEPI resilient despite new restrictions

The Central and Eastern Europe shopping centre owner says its malls are operating at about 80 percent capacity for now.

Stenprop acquires more industrial properties

Stenprop acquires more industrial properties

The company says it remains on track to be fully-invested in multi-let industrial properties by the end of its next financial year.

Kibo on track with Benga Power Plant

Kibo on track with Benga Power Plant

The Africa-focused energy company has agreed a coal supply deal with Vale as its Benga project progresses.

Basil Read winds up remaining contracts

Basil Read winds up remaining contracts

The construction and engineering group entered business rescue two and a half years ago.

Marshall Monteagle slips into a loss

Marshall Monteagle slips into a loss

The UK-based procurement and investment group has been impacted by Covid-19 and increased competition.

Hyprop at odds with JSE over distribution

Hyprop at odds with JSE over distribution

The real estate investment trust had planned to introduce a shareholder loan claim in order to preserve cash.

Sasol sells Mozambique plant

Sasol sells Mozambique plant

The energy and chemicals group says the deal is part of its ongoing, strategy aligned, asset divestment programme.

Dis-Chem bulks up with pharmacy deal

Dis-Chem bulks up with pharmacy deal

The pharmacy group has bought Medicare Health, which operates pharmacies across four provinces where it is underrepresented.

Stenprop sells German retail centre

Stenprop sells German retail centre

The property group will use the proceeds to make further acquisitions in UK multi-let industrial property.

South32 close to wrapping up coal sale

South32 close to wrapping up coal sale

The diversified mining and metals company expects to conclude the sale of its SA Energy Coal business early next year.

Woolies sells David Jones flagship store

Woolies sells David Jones flagship store

The retailer plans to pay down debt and create separate funding structures for its two Australian businesses.

AngloGold prepares for bumper dividend

AngloGold prepares for bumper dividend

The gold mining company has generated its strongest free cash flow in close to a decade.

Cash-flush Caxton invests in packaging

Cash-flush Caxton invests in packaging

The publishing and printing group has increased its stake in Mpact after selling its interests in Octotel and RSAWeb.

Pepkor buys Steinhoff-owned warehouses

Pepkor buys Steinhoff-owned warehouses

Pepkor will issue new shares worth R1.05 billion to Steinhoff in return for properties it currently leases from the company.

Bauba bears the brunt of Covid-19

Bauba bears the brunt of Covid-19

The mining and exploration company was impacted by depleted opencast operations and a declining chrome ore price.

Aveng sets date for capital raise vote

Aveng sets date for capital raise vote

The engineering and construction group will ask shareholders to approve a R300 million rights issue, the second in under three years.

Shoppers return to Capital & Regional centres

Shoppers return to Capital & Regional centres

The community focused mall owner says almost all its stores have reopened following the most recent lockdown in England.

NEPI reports improving collections

NEPI reports improving collections

The shopping centre owner says it has made progress in reaching agreements with tenants across Central and Eastern Europe.

MTN sags on Nigerian SIM card freeze

MTN sags on Nigerian SIM card freeze

The Minister of Communications is using telecoms companies to force Nigerians to get national identity numbers.

Kibo progresses with Baobab supply deal

Kibo progresses with Baobab supply deal

The energy company is targeting a number of progressive supply agreements for its Benga power plant in Mozambique.

Holiday demand cushions tough year for De Beers

Holiday demand cushions tough year for De Beers

After a big decline at the height of the Covid-19 lockdown, its final sales cycles have been more positive.

York branches into avos and nuts

York branches into avos and nuts

The timber group is preparing for its first high-yield soft citrus crop as it diversifies its business and earnings.

Jasco pulls out all the stops after tough year

Jasco pulls out all the stops after tough year

The group believes it has sufficient available financing to continue its business and that its financials have been prepared on a going-concern basis.

Resilient Metrofile attracts more interest

Resilient Metrofile attracts more interest

The records management and document storage company says a second international investor has expressed interest in buying it.

Prosus joins Naspers on A2X

Prosus joins Naspers on A2X

The inclusion of Prosus will take the combined market cap of companies listed on the stock exchange to almost R5 trillion.

TymeBank signs up 2.5-million customers

TymeBank signs up 2.5-million customers

Owner African Rainbow Capital Investments says 1.5 million of its customers are actively using their accounts.

Delta director withdraws resignation

Delta director withdraws resignation

The move follows the withdrawal of its most recent financial statements after its auditors withdrew their audit opinion on evidence of fraud.

Chrometco at risk due to Covid-19

Chrometco at risk due to Covid-19

Another period of reduced production and a drop in the chrome price could threaten its ability to continue as a going concern.

Nutritional lifted by cannabis acquisitions

Nutritional lifted by cannabis acquisitions

The pharmaceuticals and natural medicines group already has two significant export contracts.

Labat Africa flags earnings recovery

Labat Africa flags earnings recovery

The investment holding company is profiting from the growing market for medicinal cannabis and has disposed of its fuel businesses.

Caxton shareholders approve disposals

Caxton shareholders approve disposals

The publishing and printing group is disposing of its stakes in Octotel and RSAWeb to a private equity investor.

Tongaat on track to meet targets

Tongaat on track to meet targets

Following a number of disposals, the agri group said it had made good progress in achieving its debt reduction milestones.

Healthy appetite for Bytes

Healthy appetite for Bytes

The UK software and solutions group commences unconditional trading on the London and Johannesburg stock exchanges on Thursday.

Anglo American targets sector-leading growth

Anglo American targets sector-leading growth

The diversified mining group aims to grow volumes by 20 to 25 percent over the next three to five years.

Amplats provides bullish production outlook

Amplats provides bullish production outlook

Barring any new restrictions in the event of further Covid-19 waves, production is expected to return to normal from next year onwards.

Accentuate still in a loss due to Covid-19

Accentuate still in a loss due to Covid-19

The infrastructure supplies group has proposed a scheme of arrangement to buy out minority shareholders and delist.

Sebata to report a reduced loss

Sebata to report a reduced loss

The ICT group has been impacted by the weak economy and a slowdown in government spending.

Capital Appreciation to list on A2X

Capital Appreciation to list on A2X

The listing will take the number of securities on A2X to 39 with a combined market cap of more than R2.2 trillion.

Poor take-up of Implats bond offer

Poor take-up of Implats bond offer

A rise in its share price swayed bondholders from taking up the invitation.

Renergen patents Covid vaccine transport solution

Renergen patents Covid vaccine transport solution

The emerging natural gas producer is developing what it believes is one of the highest concentrations of helium globally at Virginia in the Free State.

KAP Industrial cushioned by resilient businesses

KAP Industrial cushioned by resilient businesses

The industrial holding company says its strategy and diversified business model have proven to be resilient through the Covid-19 crisis.

Workforce buys SAP specialist

Workforce buys SAP specialist

The company is expanding its Temporary Employment Services business into more niched and highly skilled resources.

Barloworld to sell dealership stake

Barloworld to sell dealership stake

The industrial holding company will still own a stake through its joint venture with the Akoo family in Durban.

BAT upgrades guidance

BAT upgrades guidance

The tobacco giant says the Covid-hit has not been as bad as expected, while the resumption of SA sales has helped.

Schroder weathers impact of pandemic

Schroder weathers impact of pandemic

The real estate investment trust says it is disappointed its share price has not reflected its performance.

Sanlam reports sales recovery

Sanlam reports sales recovery

The life insurance group says the gradual easing of lockdown conditions has supported sales but it expects conditions to remain challenging.

City Lodge says guests are returning

City Lodge says guests are returning

The hotel group says occupancies continue to recover but it will still report a decline in first-half earnings.

Delta withdraws results and calls the cops

Delta withdraws results and calls the cops

The property fund says its auditors have withdrawn their audit opinion on its 2020 numbers which will delay the release of its interim results.

Sygnia grows assets in tough environment

Sygnia grows assets in tough environment

The fund manager credits its low-cost investment and savings products for a big rise in full-year earnings.

PPC cements over cracks as sales recover

PPC cements over cracks as sales recover

The cement producer says its capital restructuring project remains a key priority.

Ramos takes the chair at AngloGold Ashanti

Ramos takes the chair at AngloGold Ashanti

The appointment means the gold miner will have two women at the helm after Christine Ramon took over as interim CEO.

Northam buys more Zambezi prefs

Northam buys more Zambezi prefs

The company will consider dividends for ordinary shareholders in the medium term once it has de-risked the preference share structure.

Caxton plans share buyback

Caxton plans share buyback

Shareholders have approved the repurchase of up to 20 percent of its stock.

Amplats raises guidance after fixing faulty unit

Amplats raises guidance after fixing faulty unit

The platinum group metals company fixed the Phase A unit at its ACP Convertor Plan more than three months ahead of schedule.

Implats to buy back bonds as cash rises

Implats to buy back bonds as cash rises

The PGM producer says the move will reduce its debt liability and reduce the potential for future dilution to existing shareholders.

Long4Life launches new share buyback

Long4Life launches new share buyback

After buying back more than 40 million shares earlier this year, the investment company plans to spend up to R114 million repurchasing more stock.

NEPI Rockcastle sells listed portfolio to fund repurchase

NEPI Rockcastle sells listed portfolio to fund repurchase

The Central and Eastern Europe property group cashed in on an improvement in the Unibail Rodamco Westfield share price.

MC Mining on the lookout for a CEO

MC Mining on the lookout for a CEO

The company does not expect the departure of Berlin to impact a funding package for its flagship Makhado coal mine.

Wescoal under pressure as Eskom sales decline

Wescoal under pressure as Eskom sales decline

The coal producer says offtake by Eskom and other trading clients has not recovered to pre-lockdown levels.

Kumba tweaks 2020 guidance

Kumba tweaks 2020 guidance

The iron ore miner says it is ensuring that its value chain remains balanced, with finished stock maintained at optimal levels.

E-commerce drives Stenprop inquiries

E-commerce drives Stenprop inquiries

The multi-let industrial property group says there is demand from business wanting to start or grow their e-commerce operations.

Metair recharges guidance for battery business

Metair recharges guidance for battery business

Revenue from its energy storage business will be down by less than expected while its automotive components vertical has been more affected.

Load shedding provides a spark for Ellies

Load shedding provides a spark for Ellies

The consumer and commercial electronics group says it benefitted from rising demand for alternative energy solutions.

MTN poaches Telkom finance boss

MTN poaches Telkom finance boss

Tsholofelo Molefe replaces Ralph Mupita as group CFO and will support the execution of its growth and deleveraging strategy.

Oceana raises dividend after decent catch

Oceana raises dividend after decent catch

The Lucky Star owner says it was supported by continued demand and firm pricing for its products.

Alexander Forbes maintains earnings in tough environment

Alexander Forbes maintains earnings in tough environment

The employee benefits business says its clients were badly affected by the lockdown, with retrenchments, salary cuts, reduced retirements savings and business closures.

Ellies recovery comes through

Ellies recovery comes through

The electronics manufacturer and distributor will report a profit after slashing operating expenses and reducing losses at its manufacturing division.

Exxaro increases coal production

Exxaro increases coal production

The resources group says higher volumes and the weaker rand have cushioned a decline in coal prices.

No dividend from illiquid Rebosis

No dividend from illiquid Rebosis

The property fund says there is a material uncertainty on its ability to continue as a going concern.

Hyprop reports higher Black Friday footfall

Hyprop reports higher Black Friday footfall

The shopping centre owner says tenants at its malls spread specials out for the month of November due to Covid-19.

Tongaat soars as it returns to profitability

Tongaat soars as it returns to profitability

The sugar producer and landowner has also made progress in reducing debt in line with its commitment to lenders.

EOH stages big turnaround

EOH stages big turnaround

The technology services group is still trying to sell its IP businesses as it reduces debt while refinancing talks continue.

Sasol prepares to bank Lake Charles proceeds

Sasol prepares to bank Lake Charles proceeds

The energy and chemicals group says it has also successfully concluded talks with its lenders to keep its amended debt covenant in place.

Remgro mops up illiquid RCL stock

Remgro mops up illiquid RCL stock

The investment holding company says an offer to buy up to 100 million shares should not be seen as a takeover.

Nedbank to stick with SARB dividend guidance

Nedbank to stick with SARB dividend guidance

The bank has reported a continued improvement since August but says a dividend is unlikely this year.

PPC reports solid improvement

PPC reports solid improvement

The cement producer says after a difficult start to the year due to Covid-19, sales recovered strongly in the second quarter.

Nampak unpacks full-year loss due to Covid-19

Nampak unpacks full-year loss due to Covid-19

The packaging group was impacted by lockdowns, the ban on alcohol sales in SA and hefty impairments.

Redefine postpones dividend as it reduces debt

Redefine postpones dividend as it reduces debt

The real estate investment trust says offshore dividends were withheld and Covid-19 had a big impact on its local portfolio.

Ascendis well positioned for Covid-19

Ascendis well positioned for Covid-19

The pharmaceuticals group says its drugs and hospital equipment should offset the negative commercial impact of the pandemic.

Equites to develop new Amazon centre

Equites to develop new Amazon centre

The distribution centre is the second development deal to arise from its partnership with UK property developer Newlands.

Altron raises price for Bytes listing

Altron raises price for Bytes listing

The technology group is planning to demerge and list its Bytes UK business on the London Stock Exchange before Christmas.

Sygnia rallies on upbeat forecast

Sygnia rallies on upbeat forecast

After a good first-half, the fund manager says it will report strong full-year earnings growth.

Standard Bank says dividend remains uncertain

Standard Bank says dividend remains uncertain

After holding back on an interim payout, the bank says a final dividend will depend on a host of factors including regulatory guidance.

Invicta recovers following clean up

Invicta recovers following clean up

The investment holding and management company has sold businesses to strengthen its balance sheet while keeping a lid on costs.

Barloworld in a loss over Covid

Barloworld in a loss over Covid

The industrial group says it managed to maintain a strong balance sheet and cash balance, positioning it for the long-term.

Vukile expects a better second half

Vukile expects a better second half

The property fund has held back on an interim dividend and says its full-year distribution will be based on a 75 percent payout ratio.

Tharisa overcomes Covid challenges

Tharisa overcomes Covid challenges

The platinum and chrome producer has benefitted from an improved operational performance and higher PGM prices.

Aveng makes some progress despite Covid-19

Aveng makes some progress despite Covid-19

The engineering and infrastructure group says it is focused on restructuring its balance sheet and reducing debt

L2D warns of lower dividend

L2D warns of lower dividend

The property group says trading at its shopping centres has recovered but vacancies are also on the rise.

Resilient Bidvest says it is future fit

Resilient Bidvest says it is future fit

The industrial group says revenue and trading profit are in line with last year despite the impact of Covid-19 on growth and confidence.

Barloworld swings to a loss due to pandemic

Barloworld swings to a loss due to pandemic

The industrial group has faced a number of additional expenses and write-downs.

Delta sinks on results delay

Delta sinks on results delay

Its shares slumped after it postponed the release of its interim results while it figures out the impact of fraud on its accounts.

EasyEquities propels Purple to profit

EasyEquities propels Purple to profit

The online share trading and investment platform has scaled up significantly and entered new partnerships over the past year.

Raubex seals Beitbridge contract

Raubex seals Beitbridge contract

The public-private partnership includes a major upgrade of roads at the busiest inland border post in the country.

Stefanutti focused on restructuring

Stefanutti focused on restructuring

The beleaguered construction group is reducing loss-making projects so it can return to profitability.

Mr Price powers up with acquisition

Mr Price powers up with acquisition

The value retailer is also adding baby, school uniform and gifting lines to its offering.

Quantum sells more eggs during lockdown bake off

Quantum sells more eggs during lockdown bake off

The poultry group says egg prices were supported by the lockdown but have since dipped following the easing of restrictions.

Nampak prepares investors for a loss

Nampak prepares investors for a loss

The packaging group has been impacted by Covid-19, impairments and volatile currencies.

Kaap Agri brings back dividend

Kaap Agri brings back dividend

The group says footfall has returned to its retail fuel outlets and revenue has recovered - but not quite to pre-Covid-19 levels.

Murray and Roberts boosts its book

Murray and Roberts boosts its book

The engineering and construction group says new project awards are only likely to contribute to its second-half performance.

Lewis benefits from post lockdown demand

Lewis benefits from post lockdown demand

The furniture and appliances retailer reported pent up demand as its stores reopened after the toughest lockdown restrictions were eased.

Adcorp rallies as it returns to a profit

Adcorp rallies as it returns to a profit

The recruitment and training company slashed costs to deal with the fallout from Covid-19.

Arrowhead revises dividend policy

Arrowhead revises dividend policy

The real estate investment trust will no longer pay out 100 percent of distributable earnings to shareholders.

Etion in talks to unlock value for shareholders

Etion in talks to unlock value for shareholders

The digital technology investment company is in a stronger position after repositioning and restructuring its operations.

Consolidated Infrastructure suspends trading

Consolidated Infrastructure suspends trading

The infrastructure group says the move is aimed at protecting investors with limited information about its predicament.

Omnia delivers on turnaround plan

Omnia delivers on turnaround plan

The chemicals, fertiliser and explosives group has reduced debt and reorganised its business following an 18-month restructuring.

Coronation expects net outflows to continue

Coronation expects net outflows to continue

The fund manager says net client outflows should be expected in periods when economic conditions are tough and investor sentiment is negative.

Sasol disposals gain pace

Sasol disposals gain pace

The energy and chemicals group is selling non-core assets as it refocuses its operations and reduces debt.

Transaction Capital record derailed by Covid-19

Transaction Capital record derailed by Covid-19

After growing core HEPS by 23 percent for five years, its track record was broken by lockdown disruptions.<

Reunert sticks to final dividend

Reunert sticks to final dividend

The electrical engineering, electronics and ICT group says its operations have shown an improvement following the easing of lockdown restrictions.

Tharisa flags quadrupling in profit

Tharisa flags quadrupling in profit

The platinum and chrome producer grew production as prices of platinum group metals rallied.

Prosus starts buying Naspers shares today

Prosus starts buying Naspers shares today

The value retailer has swung to a loss after booking big impairments due to the impact the pandemic and constrained growth expectations.

Pepkor gains market share as Covid bites

Pepkor gains market share as Covid bites

The value retailer has swung to a loss after booking big impairments due to the impact the pandemic and constrained growth expectations.

Netcare reports a recovery in patient days

Netcare reports a recovery in patient days

The private hospital group says patient volumes are only likely to stabilise at more normalised levels next year.<

A2X adds Famous Brands to its menu of listings

A2X adds Famous Brands to its menu of listings

The listing of the restaurant group takes the number of securities on the exchange to 38 with a combined market capitalisation of R2.2 trillion.

Sirius increases dividend after resilient performance

Sirius increases dividend after resilient performance

The German-focused property group says it is in a strong cash positions with a healthy pipeline of opportunities.

enX reports loss due to Covid impairments

enX reports loss due to Covid impairments

The industrial group says revenue at almost all of its businesses has returned to above 80 percent of pre-lockdown levels.

Tiger tamed by earnings decline

Tiger tamed by earnings decline

The fast-moving consumer goods group admits that its full-year results have been disappointing but it expects to reverse the trend.

Spur saddles up as lockdown eases

Spur saddles up as lockdown eases

By the end of last month, most of its franchised restaurants had reopened with turnover recovering to previous levels.

Purple Group to turn a full-year profit

Purple Group to turn a full-year profit

The fintech group became profitable at the halfway stage as its EasyEquities online investment platform scaled up.

Santam plans to appeal business interruption judgement

Santam plans to appeal business interruption judgement

The short-term insurer believes the Western Cape High Court erred in its judgement regarding causation and the insured peril.

Sasol shareholders back Lake Charles deal

Sasol shareholders back Lake Charles deal

The energy and chemicals group will use the proceeds to reduce debt and may still resort to a rights issue.

Covid accelerates digital transformation at Liberty

Covid accelerates digital transformation at Liberty

The insurer says a pandemic reserve set up earlier this year will be reassessed at the end of December.

Empty tables leave Tsogo Sun with a loss

Empty tables leave Tsogo Sun with a loss

The gaming group says its operations delivered a solid performance last month as restrictions were relaxed.

Life Healthcare passes on dividend due to Covid

Life Healthcare passes on dividend due to Covid

The private hospital group has reported a loss but says activity is picking up at its hospitals.

Investec reinstates dividend despite tough first half

Investec reinstates dividend despite tough first half

The banking group held back on a final dividend for its 2020 year following guidance from banking regulators.

Woolworth supported by food sales as clothing declines

Woolworth supported by food sales as clothing declines

The retail group says trading conditions across its operations continue to be impacted by Covid-19.

Absa says a dividend is unlikely

Absa says a dividend is unlikely

Although many of its performance metrics are improving, the bank says it is focused on preserving capital.

SPAR delivers knockout performance

SPAR delivers knockout performance

Despite losses at its Polish business after Covid-19 disrupted progress in the new market, the group has grown earnings and raised its dividend.

Sasol directors agree to fee cut

Sasol directors agree to fee cut

The energy and chemicals group acknowledges the erosion of shareholder value over the past two years.

Brait concerned by second Covid wave

Brait concerned by second Covid wave

Virgin Active and New Look have closed their doors once again due to new lockdown restrictions in Europe and the UK.

Investec Property Fund delays dividend

Investec Property Fund delays dividend

The fund has announced a top-up payment on its previous distribution but is holding back on an interim payment for now.

Reunert flags big earnings decline

Reunert flags big earnings decline

The electrical engineering, electronics and ICT group says free cash flow generation was in line with historic ratios despite the tough environment.

enX rallies on buyer interest

enX rallies on buyer interest

The industrial group says the potential disposal represents an attractive opportunity to monetise its investment in a major subsidiary.

Rhodes impacted by Covid restrictions

Rhodes impacted by Covid restrictions

While sales of pies and fruit juice have recovered, the food group says it will continue to feel the aftershock of the Covid-19 pandemic.

WBHO swings to full-year loss

WBHO swings to full-year loss

On top of Covid-19, the construction group has faced increased losses in Australia as it prepares to scale down its business there.

Stor-Age grows occupancies despite lockdown

Stor-Age grows occupancies despite lockdown

The self storage property specialist says enquiry levels returned to pre-Covid-19 levels by the end of May as restrictions were eased.

Raubex rallies on contract awards

Raubex rallies on contract awards

The construction and road building company says it is well positioned to participate in infrastructure projects announced by the government.

Ninety One to pay maiden dividend

Ninety One to pay maiden dividend

The fund manager experienced its first half-year net outflows as investors became more cautious and it lost mandates.

Super Group adds up the cost of Covid

Super Group adds up the cost of Covid

The logistics, supply chain and dealership group expects a big recovery this year if there are no further lockdowns.

Vodacom charged by data surge

Vodacom charged by data surge

The network operator says data usage surged in the first half of its financial year due to demand from stay-at-home customers.

Sasol switches on last Lake Charles unit

Sasol switches on last Lake Charles unit

Over budget and way past schedule, Sasol says the last unit at its Lakes Charles Chemicals Project is now in operation.

Shoprite sales dampened by liquor ban

Shoprite sales dampened by liquor ban

The retailer has welcomed the recent easing of restrictions on alcohol sales.

Astral uncracked by Covid-19

Astral uncracked by Covid-19

The poultry and feeds group is paying a final dividend after surviving the worst of the lockdown.

Life Healthcare gets offer for Polish operation

Life Healthcare gets offer for Polish operation

The offer is lower than the carrying value of Scanmed, resulting in an additional impairment.

Prosus and Naspers ride on Tencent stake

Prosus and Naspers ride on Tencent stake

The companies have benefitted from growth in e-commerce and their investment in Chinese internet giant Tencent.

Anchor to cast off from JSE

Anchor to cast off from JSE

The stockbroker, fund management and private client business says delisting will level the playing field with competitors.

ISA declares interim dividend as cash mounts

ISA declares interim dividend as cash mounts

The IT security specialist reported lower first-half revenue and earnings but has excess cash on hand.

Octodec guides on lower distribution

Octodec guides on lower distribution

The property group is required to make a distribution by the end of February in order to retain its REIT status.

Invicta disposals move forward

Invicta disposals move forward

The investment holding company still needs the approval of shareholders and the competition authorities in eSwatini and Zimbabwe.

Tsogo Sun forecasts a slow recovery

Tsogo Sun forecasts a slow recovery

The hotel operator, which is buying out Hospitality Property Fund, says uncertainty and the weak economy will continue to weigh on the sector.

Novus impacted by magazine closures

Novus impacted by magazine closures

The printing and packaging group has taken steps to right-size its business, with the benefits expected next year and beyond.

No jackpot for Tsogo Sun Gaming

No jackpot for Tsogo Sun Gaming

The casino operator will report an interim loss due to the impact of the Covid-19 lockdown on its operations.

Mediclinic still cautious about Covid-19

Mediclinic still cautious about Covid-19

The private hospital group says after recovering, its Swiss and Middle East operations will be affected by a second wave of Covid-19.

Gold Fields settles into new normal

Gold Fields settles into new normal

The two mines most affected by Covid-19, South Deep and Cerro Corona, have shown a strong recovery.

Growthpoint falls after bookbuild

Growthpoint falls after bookbuild

The real estate investment trust raised gross proceeds of R4.3 billion from the share placement with institutional investors.

Primeserv to report lower earnings due to Covid-19

Primeserv to report lower earnings due to Covid-19

The company says the lockdown impacted first-quarter sales as many of its clients were compelled to shut their businesses.

Afrox prepares for Linde buyout vote

Afrox prepares for Linde buyout vote

If the transaction proceeds, the gases and equipment group expects to delist from the JSE around the middle of January.

PPC remains cautious despite rising sales

PPC remains cautious despite rising sales

The cement producer says it is on track to test investor appetite for the recapitalisation of its international operations by year end.

Growthpoint sells shares to trim debt

Growthpoint sells shares to trim debt

The real estate investment trust wants to reduce leverage and maintain a strong balance sheet due to Covid-19.

Spanjaard flags return to profitability

Spanjaard flags return to profitability

The lubricants and chemical products group reported a first-half loss last year due to distribution problems.

Metair hires Riaz Haffejee to replace retiring CEO

Metair hires Riaz Haffejee to replace retiring CEO

The energy solutions and auto components group says Haffejee has extensive knowledge and experience in the the automotive sector.

Telkom rings up more mobile customers

Telkom rings up more mobile customers

Growth in its mobile business has placed it holiday as the third largest operator in the country.

Omnia flags explosive results

Omnia flags explosive results

The chemicals, fertiliser and explosives group has benefitted from a restructuring and rights issue last year.

CSG turnaround pays off

CSG turnaround pays off

The services group will return to profitability following a turnaround at its security division.

Life Healthcare says procedures are normalising

Life Healthcare says procedures are normalising

The private hospital group will report a decline in earnings after procedures were postponed as a result of Covid-19.

Sun International draws punters back

Sun International draws punters back

Following the reopening of Sun City in September, the hotel and casino group has reported a strong recovery in gaming revenue.

Luxe says sales are recovering

Luxe says sales are recovering

The luxury goods group has also reported a rise in robberies at its stores following the easing of the lockdown.

Optimistic Raubex declares interim dividend

Optimistic Raubex declares interim dividend

After holding back on a final dividend last year, the group has gained confidence due to higher cash balances and a growing order book.

Imperial mulls options for its international operations

Imperial mulls options for its international operations

The logistics group says the impact of Covid-19 has required it to priorities its capital allocation.

Spur to dish up lower earnings

Spur to dish up lower earnings

The restaurant group has booked impairments and is preparing for credit losses as a result of Covid-19.

Harmony benefits from higher gold as production recovers

Harmony benefits from higher gold as production recovers

At current prices and levels of production, the gold producer expects to be in a net cash position by the end of March.

MultiChoice broadcasts higher earnings

MultiChoice broadcasts higher earnings

The video entertainment business says a narrower loss from its Rest of Africa business is behind the improvement.

Richemont targets China with new JV

Richemont targets China with new JV

The luxury goods group is part of a new joint venture with Farfetch as it tries to increase Chinese sales through digital channels.

Motus motors ahead on trading update

Motus motors ahead on trading update

The automotive group has projected a possible rise in first-half earnings.

Pepkor claims more market share

Pepkor claims more market share

The retailer says trading conditions have favoured its defensive discount and value positioning in the market.

Argent shielded by offshore businesses

Argent shielded by offshore businesses

The steel manufacturer and trader is not paying an interim dividend as it continues to buy back its own shares.

Pan African rallies on possible tailings deal

Pan African rallies on possible tailings deal

The tailings pretreatment specialist says the acquisition is subject to the positive outcome of a lengthy due diligence.

TFG slashes debt as Covid takes its toll

TFG slashes debt as Covid takes its toll

Despite the impact of Covid-19 on sales, the retail group has cut its debt by almost three quarters.

Dis-Chem holds dividend in favour of acquisitions

Dis-Chem holds dividend in favour of acquisitions

The pharmacy group also needs to preserve cash due to the uncertainty that has resulted from Covid-19.

Truworths looks past Covid with manufacturing deal

Truworths looks past Covid with manufacturing deal

The retailer has bought one of its local ladieswear suppliers, supporting the local manufacturing sector.

Sappi says demand is returning

Sappi says demand is returning

The paper and pulp group has reported a fourth-quarter loss but says demand for some of its products remains strong.

Amplats lowers guidance after another water leak

Amplats lowers guidance after another water leak

The platinum group metals producer has closed its ACP Phase B unit for a full rebuild due to continuing problems.

Retail disposals leave RDI stronger

Retail disposals leave RDI stronger

The real estate investment trust also says deputy CEO Stephen Oakenfull will replace Mike Watters as CEO next month.

JSE winds up Link deal

JSE winds up Link deal

The stock exchange operator has bought a controlling stake in the second largest share registry business in SA as it diversifies its revenues.

Shoprite and Equites complete distribution centre JV

Shoprite and Equites complete distribution centre JV

Shoprite has contributed three logistics centres and some land to the joint venture, while Equites is investing cash.

Steinhoff gets support for settlement deal

Steinhoff gets support for settlement deal

While two dissenting creditors have not backed the plan, the retailer does not expect a delay to the settlement.

Mr Price warns of lower earnings

Mr Price warns of lower earnings

The value retailer was only allowed to sell its full range of merchandise from June.

Telkom rallies on bullish earnings forecast

Telkom rallies on bullish earnings forecast

The telecoms group will report a rise in first-half profit despite the economic impact of Covid-19.

CIG slumps on business rescue proceedings

CIG slumps on business rescue proceedings

Negotiations with funders for a voluntary debt restructure of its Consolidated Power Projects subsidiary were unsuccessful.

Delta winds up second probe

Delta winds up second probe

The impact of alleged procurement irregularities and misappropriation of funds on its historical financial statements is still being determined.

Indequity benefits from declining claims

Indequity benefits from declining claims

Although premium growth was held back due to the weak economy, the insurer says there were fewer claims during the lockdown.

Mazor plans buyout, delisting

Mazor plans buyout, delisting

The company says the costs associated with being listed outweigh the benefits.

BAT expands its moral oral portfolio

BAT expands its moral oral portfolio

The tobacco giant is trying to get more users to adopt its non-combustible products as smokers decline.

AngloGold Ashanti to double dividend ratio

AngloGold Ashanti to double dividend ratio

The gold mining company has benefitted from a rising gold price as it continues to reduce debt.

Aspen jumps on Covid-19 vaccine deal

Aspen jumps on Covid-19 vaccine deal

The pharmaceuticals company has invested R3 billion in the Port Elizabeth facility where it can produce more than 300 million doses a year of the vaccine.

Tiger Brands claws back some earnings

Tiger Brands claws back some earnings

The company says its operating performance was better than expected towards the end of the year, with few supply chain disruptions.

Sibanye-Stillwater plans odd-lot offer

Sibanye-Stillwater plans odd-lot offer

The number of shareholders on its registers has jumped by 60 percent following the acquisition of Lonmin last year.

Altron to proceed with Bytes UK listing

Altron to proceed with Bytes UK listing

Shareholders will end up with 3 Bytes shares for every 8 Altron shares they hold plus some cash.

enX warns of full-year loss

enX warns of full-year loss

The industrial group has been impacted by Covid-19-related costs and a number of impairments.

Prosus plans $5 billion share buyback

Prosus plans $5 billion share buyback

The consumer internet company will buy its own shares as well as those of Naspers in a further attempt to narrow its discount to NAV.

MTN rises on growing subscriber base

MTN rises on growing subscriber base

The network operator has also completed the sale of its Jumia stake for net proceeds of R2.3 billion.

Glencore cuts coal guidance as strike continues

Glencore cuts coal guidance as strike continues

The commodities mining and trading giant has maintained guidance for other metals and minerals following a third-quarter recovery.

Texton rallies on mandatory offer

Texton rallies on mandatory offer

The property fund says a buyout consortium does not intend to apply for its delisting from the JSE.

MC Mining makes progress with Makhado funding

MC Mining makes progress with Makhado funding

The coal group expects to conclude debt and equity funding for the project by the end of this year or the first quarter of 2021.

AH-Vest dishes up a maiden dividend

AH-Vest dishes up a maiden dividend

Despite significant Covid-19 disruptions to its supply chain, the food group grew full-year earnings by more than a third.

Bulk commodities save Afrimat

Bulk commodities save Afrimat

A firmer iron ore price offset reduced demand for its industrial minerals and construction materials.

Sibanye-Stillwater pledges superior returns for shareholders

Sibanye-Stillwater pledges superior returns for shareholders

The precious metals group has used its strong cash flow to reduce debt as it benefits from rising commodity prices.

AB InBev says cheers to dividend due to Covid-19

AB InBev says cheers to dividend due to Covid-19

The brewer is sticking to its commitment to pay down debt, which has been impacted by the pandemic.

Nedbank says loan demand is recovering

Nedbank says loan demand is recovering

The bank is still guiding for full-year earnings to be more than 20 percent down from last year.

WBHO to report a loss as Probuild sale proceeds

WBHO to report a loss as Probuild sale proceeds

The construction and engineering group has been hampered by Covid-19 and loss-making projects in Australia.

Kibo secures third UK site

Kibo secures third UK site

The energy group plans to list its UK subsidiary this year as it builds a portfolio of flexible power projects across the UK.

MTN Nigeria reports strong subscriber growth

MTN Nigeria reports strong subscriber growth

The network operator says operating conditions remain challenging despite the relaxation of lockdown restrictions.

Etion may dispose of underlying businesses

Etion may dispose of underlying businesses

Shares in the digital technology group rallied after it said it planned to unlock value for investors.

DRDGOLD plans interim dividend

DRDGOLD plans interim dividend

Barring any unforeseen events, the gold producer plans to pay an interim payout as it benefits from rising production and a higher gold price.

Santova buoyed by global expansion

Santova buoyed by global expansion

The trade solutions and logistics group grew first-half earnings despite losses in its home market.

Stadio moves ahead with single brand strategy

Stadio moves ahead with single brand strategy

The higher education group has merged four of its brands into a single multiversity in a move that will result in efficiencies.

Value Group motors its way through Covid-19

Value Group motors its way through Covid-19

The logistics group has increased its interim dividend after growing its customer base and cutting costs.

RH Bophelo flags strong first-half performance

RH Bophelo flags strong first-half performance

The healthcare investment group will report a big increase in earnings and an improvement in its net asset value.

Astoria still reinventing itself

Astoria still reinventing itself

After buying CNA in April, the group is busy acquiring a portfolio of assets from RAC Investments.

More Consolidated Infrastructure directors quit

More Consolidated Infrastructure directors quit

The pan-African infrastructure group is in the midst of a debt restructuring that is critical to its sustainability and ability to trade.

Famous Brands hopeful for a better second half

Famous Brands hopeful for a better second half

Although Black Friday and the December holidays are historically the peak trading period for the industry, consumer spending remains unpredictable.

Diversification pays off for Adapt IT

Diversification pays off for Adapt IT

Four of its six divisions grew earnings over the past year despite the constraints of Covid-19.

Astral refines earnings forecast

Astral refines earnings forecast

The poultry producer will report a decline in full-year earnings as a result of ongoing water supply costs, land shedding and Covid-19.

Cover pushes Finbond into a loss

Cover pushes Finbond into a loss

The mutual bank and microlender says increased business activity is needed to support an economic recovery.

Merafe reports dwindling ferrochrome production

Merafe reports dwindling ferrochrome production

The Glencore Merafe Chrome Venture reopened three of its smelters last month following the easing of lockdown restrictions.

Stenprop on track with portfolio conversion

Stenprop on track with portfolio conversion

The group says demand for its multi-let industrial properties continues as it reduces vacancies.

TFG hit by second wave

TFG hit by second wave

The retail group says it will post an interim headline loss but is well positioned for any economic recovery.

Massmart counts the cost of Covid-19

Massmart counts the cost of Covid-19

The retailer and wholesaler lost billions of rand in sales due to restrictions during the lockdown.

NEPI Rockcastle impacted by new Covid lockdowns

NEPI Rockcastle impacted by new Covid lockdowns

The shopping centre owner says the restrictions have been imposed for an initial two weeks when the situation will be reassessed.

Datatec cushioned by work-from-home trend

Datatec cushioned by work-from-home trend

The technology group says its businesses provide many of the products and services needed in a remote working environment.

Altron rallies on Bytes listing plan

Altron rallies on Bytes listing plan

The technology services group has proposed listing its UK business and unbundling it to shareholders.

Clicks shakes off Covid-19

Clicks shakes off Covid-19

The health and beauty retailer traded throughout the lockdown but with restrictions.

Sasol gets Lake Charles back on track

Sasol gets Lake Charles back on track

The energy and chemicals group will ask shareholders to approve the sale of a stake in the project, which is recovering from Hurricane Laura.

Anglo reports production recovery

Anglo reports production recovery

The diversified mining group says production has recovered as its operations return to almost normal capacity.

Long4Life positioned for the new normal

Long4Life positioned for the new normal

The lifestyle investment company says its portfolio of brands is aligned to serving post-pandemic growth sectors.

Libstar says sales are recovering

Libstar says sales are recovering

The branded food producer remains cautious as the full impact of Covid-19 on consumer spending remains unquantifiable.

Stor-Age enters UK joint venture

Stor-Age enters UK joint venture

The self-storage property fund says the partnership with Moorfield will hep it meet its medium-tern growth objectives in the UK.

Cashbuild recovery continues

Cashbuild recovery continues

The building materials retailer has reported a strong rise in sales as it bounces back from the impact of the lockdown.

Quilter reports improved fund inflows

Quilter reports improved fund inflows

The wealth manager says current challenges include the economic slowdown, the move to a new investment platform and Brexit.

Nu-World gloomy on retail sector

Nu-World gloomy on retail sector

The consumer electronics group says wholesalers are geared up for Black Friday and year-end sales.

Pick n Pay buys Bottles for online growth

Pick n Pay buys Bottles for online growth

Although first-half sales were held back by Covid-19, its partnership with the delivery app helped online sales double.

BHP sticks to guidance

BHP sticks to guidance

The diversified resources group says first-quarter production was supported by its metallurgical coal and iron ore operations.

Steinhoff fined for dodgy accounts

Steinhoff fined for dodgy accounts

The retail group has received the maximum permissible fine by the JSE for publishing incorrect, false and misleading financials

Standard Bank remains on high alert

Standard Bank remains on high alert

New waves of Covid-19 infection, subsequent lockdowns and further job losses remain a risk.

Orion resumes drilling for new prospects

Orion resumes drilling for new prospects

The exploration company says any new discoveries near Prieska in the Northern Cape will benefit from the infrastructure it is already developing.

Europa Metals rallies on grant award

Europa Metals rallies on grant award

The grant from the Spanish government will be used for research and development at its Toral lead, zinc and silver project.

Omnia to wipe out debt with Oro Agri sale

Omnia to wipe out debt with Oro Agri sale

The fertiliser and chemicals group says the disposal gives it the opportunity to de-risk its capital structure and return cash to shareholders.

Calgro positioned for growth after Covid-related loss

Calgro positioned for growth after Covid-related loss

The housing developer has streamlined its business and says it is positioned for a return to profitability once conditions normalise.

CMH earnings stall on Covid-19

CMH earnings stall on Covid-19

The automotive group is paying a dividend of 100c a share as its business returns to some form of normality and predictability.

South32 sticks to guidance despite Covid setback

South32 sticks to guidance despite Covid setback

The diversified mining group says it will also deliver immediate value to shareholders by resuming share buybacks.

Oasis Crescent warns of lower distribution

Oasis Crescent warns of lower distribution

The property fund says it has been cushioned by its high-quality tenant base and debt-free balance sheet.

York Timber finally out of the woods

York Timber finally out of the woods

Following a big turnaround in earnings, the forestry company is establishing its first soft citrus crop as it diversifies its business.

Metrofile takeover hampered by Covid-19

Metrofile takeover hampered by Covid-19

The document storage company says a private equity consortium is still keen to acquire it but is hampered by Covid-19.

Renergen narrows its losses as it prepares to pump its first gas

Renergen narrows its losses as it prepares to pump its first gas

The emerging helium and natural gas producer said earnings last year were impacted by once-off transactions costs.

Afrox receives takeout offer

Afrox receives takeout offer

Controlling shareholder Linde says the company is more suited to an unlisted environment due to the poor tradability of its shares.

RDI reports improved rent collections

RDI reports improved rent collections

The real estate investment trust says negotiations with tenants and clients are ongoing.

Adcorp bounces back

Adcorp bounces back

The recruitment and training company will report improved earnings and says its made good progress in strengthening its balance sheet.

PSG declares ad hoc dividend after Capitec unbundling

PSG declares ad hoc dividend after Capitec unbundling

The group reported a headline loss following a decline in the share prices of its listed investments.

Mediclinic remains cautious despite recovery

Mediclinic remains cautious despite recovery

The private hospital operator expects to report a 5 percent decline in first-half revenue, weighed down by its SA operations.

Pepkor warns of Covid hit on earnings

Pepkor warns of Covid hit on earnings

The retail group said it was impacted by lost sales, higher provisions and the likely impairment of goodwill and assets.

Cartrack revs up dividend despite Covid

Cartrack revs up dividend despite Covid

The company says continued investment in its business and high barriers to entry should support future earnings.

Coronation lifts assets and earnings

Coronation lifts assets and earnings

Fund under management have recovered from March, when equity markets toppled due to Covid-19.

The end for Famous Brands and GBK

The end for Famous Brands and GBK

Sky News reported that a British businessman reached a deal to buy the upmarket burger chain through a pre-pack administration.

Montauk targets 2021 Nasdaq listing

Montauk targets 2021 Nasdaq listing

The renewable energy company says conditions are now favourable to implement the proposed listing in the US.

Hulamin gets off lightly with new US tariffs

Hulamin gets off lightly with new US tariffs

The aluminium products manufacturer says a number of countries have had higher anti-dumping duties imposed on them.

Anglo reports improving sales by De Beers

Anglo reports improving sales by De Beers

With buying increasing ahead of the holiday season, De Beers says it is too early to call a sustained recovery in trading conditions.

Ascendis hires new finance boss

Ascendis hires new finance boss

Cheryl-Jane Kujenga led a balance sheet restructuring process while CFO at Adcorp.

Brikor warns of interim loss

Brikor warns of interim loss

The brickmaker closed most of its operations at the height of the lockdown, with it coal mining operation running at reduced capacity.

Cartrack rallies ahead of results

Cartrack rallies ahead of results

The group is expected to report that first-half profit increased by at least a fifth.

Alviva cautions on possible Tarsus takeover

Alviva cautions on possible Tarsus takeover

The ICT group has already conducted due diligence on its rival and a deal could affect the price of its shares.

Omnia close to a deal on Oro Agri

Omnia close to a deal on Oro Agri

The fertiliser and chemicals group is in final negotiations after receiving an offer for the business this year.

Equites benefits from online shopping

Equites benefits from online shopping

The property group says Covid-19 has resulted in increased demand for prime modern logistics space.

Jubilee rallies on record quarterly earnings

Jubilee rallies on record quarterly earnings

The metals processing company will soon add copper to the mix as it prepares for its first production.

Balwin comes through on dividend

Balwin comes through on dividend

The property developing is paying its final dividend for 2020 alongside its interim dividend due to higher cash resources.

Murray rises on Clough contract win

Murray rises on Clough contract win

The engineering and construction services group says its order book supports a return to profitability this year.

Caxton sells Octotel, RSAWeb stakes

Caxton sells Octotel, RSAWeb stakes

The publishing and printing group says the businesses need focused shareholders to take them to the next level

PPC loss exceeds its market cap

PPC loss exceeds its market cap

Covid-19 has added to a torrid time for the cement producer, which it taking urgent steps to reduce its debt.

Exxaro still negotiating Black Mountain sale

Exxaro still negotiating Black Mountain sale

The diversified resources group says it will apprise the market as soon as a transaction has been concluded.

Steinhoff progresses with settlement

Steinhoff progresses with settlement

The embattled retailer says the process has been more complex and time-consuming than expected.

Jaded Sasol shareholders likely to approve Lake Charles deal

Jaded Sasol shareholders likely to approve Lake Charles deal

Shareholder activist Theo Botha says the transaction will probably go ahead as Sasol battles to reduce its debt.

Spur people recover their taste for life

Spur people recover their taste for life

The restaurant group says the recovery has exceeded its expectations given the tight consumer environment.

Raubex sees more road ahead

Raubex sees more road ahead

The construction and roadbuilding group will report a first-half loss but is encouraged by new infrastructure projects.

Covid-19 wipes out Long4Life’s earnings

Covid-19 wipes out Long4Life’s earnings

The lifestyle investment company says all three division have been negatively impacted by the pandemic.

Confident PSG Konsult declares dividend

Confident PSG Konsult declares dividend

The financial services group says the payout reflects its strong financial position and confidence in its prospects.

No dividend as Zeder reconsiders strategy

No dividend as Zeder reconsiders strategy

The agricultural investment company is maintaining a cautious stance but says conditions for its underlying businesses are improving.

Datatec flags lower earnings

Datatec flags lower earnings

Despite resilient businesses, the technology group says it was impacted by currency movements and the effect of a tax credit last year.

Afrimat supported by iron ore prices

Afrimat supported by iron ore prices

The open-pit mining company says its businesses have recovered from the impact from the impact of Covid-19.

Tobacco and alcohol bans cost Pick n Pay

Tobacco and alcohol bans cost Pick n Pay

Apart from lost sales during the lockdown, the retailer faced additional costs to improve hygiene and safety and reward front-line staff.

Tsogo makes firm offer for Hospitality

Tsogo makes firm offer for Hospitality

Minority shareholders are being offered the same terms that fund managers agreed to in July for their Hospitality shares.

Sirius reports increased demand for rentals

Sirius reports increased demand for rentals

The German-focused real estate group says it collected almost all rent owed to it in the first half of the year.

VCP grows Net1 stake

VCP grows Net1 stake

The investment company says Net1 is an attractive investment trading at a discount to the cash on its balance sheet.

BHP oils up its portfolio

BHP oils up its portfolio

Despite a sharp fall in the oil price this year, the resources group believes that the fundamentals for oil will be attractive for the next decade.

Renergen strikes supply deal with Logico

Renergen strikes supply deal with Logico

Logico will transport liquefied natural gas to Total filling stations between Johannesburg and Durban.

Newpark to report lower distribution

Newpark to report lower distribution

The real estate investment trust granted some tenants short-term cash flow relief due to Covid-19.

French investor says oui to MultiChoice

French investor says oui to MultiChoice

No comment as the French media company acquires a sizeable holding its biggest competitor on the continent.

Balwin rallies after President opens Mooikloof Mega-City

Balwin rallies after President opens Mooikloof Mega-City

The public-private development has been designated as a strategic integrated project.

Grindrod to resume buybacks

Grindrod to resume buybacks

The freight and logistics group says it will resume repurchases following sustained cash generation from its continuing businesses.

Growthpoint to pay final dividend

Growthpoint to pay final dividend

The real estate investment trust delayed the declaration of its full-year payout due to the uncertainty caused by Covid-19.

Sasfin recovers value from Efficient sale

Sasfin recovers value from Efficient sale

The bank has sold its stake in Efficient for more than it was worth at the end of June.

Afrimat wants business rescue for UCP’s Nkomati mine

Afrimat wants business rescue for UCP’s Nkomati mine

The open-pit mining company says it cannot provide additional funding to the mine on an unsecured basis.

Sasol sells Lake Charles stake to trim debt

Sasol sells Lake Charles stake to trim debt

The energy and chemicals group may still resort to a rights issue to get comfortably within its debt covenant thresholds.

Insimbi dented by Covid-19 lockdown

Insimbi dented by Covid-19 lockdown

The metals recycling company says second quarter earnings bounced back after it lost several weeks of trading in the first quarter.

Unicorn Capital Partners narrows its losses

Unicorn Capital Partners narrows its losses

The company, which is likely to be taken over by Afrimat, faced a number of issues on top of Covid-19.

Finbond warns of interim loss

Finbond warns of interim loss

The mutual bank and microlender says advances were heavily impacted by the Covid-19 lockdown, resulting in a big increase in surplus cash.

Sibanye-Stillwater bolsters executive after strong growth

Sibanye-Stillwater bolsters executive after strong growth

Business development vice president Richard Stewart has been promoted to chief operating officer from 1 December.

Metair cancels its 2019 dividend

Metair cancels its 2019 dividend

The auto components and energy storage company says paying the dividend would imperil its solvency and liquidity.

Covid-19 puts Ellies' going concern status at risk

Covid-19 puts Ellies' going concern status at risk

The consumer and commercial electronics manufacturer says the continued onslaught of the Covid-19 pandemic has rendered its prospects for growth challenging.

Spur dishes up new executives

Spur dishes up new executives

The restaurant group is replacing Pierre van Tonder, who has led it for the last 24 years, as well as CFO Phillip Matthee.

Wendy Lucas-Bull to replace Christo Wiese at Shoprite

Wendy Lucas-Bull to replace Christo Wiese at Shoprite

Wiese is retiring from the position he has held for close to three decades at the annual general meeting next month.

Capitec takes a whack from Covid

Capitec takes a whack from Covid

The bank almost tripled its credit impairment charge as it provided for the full impact of Covid-19 on its credit book.

PPC picks up more errors in its accounts

PPC picks up more errors in its accounts

The cement producer has delayed the release of its results by another week as its sorts out prior year accounts.

Covid pushes Sasfin into a loss

Covid pushes Sasfin into a loss

The bank says increased credit provisions and private equity devaluations were behind the big decline.

Adapt IT rallies on trading statement

Adapt IT rallies on trading statement

The software and digital services provider says the resilience of many of its businesses has likely resulted in a rise in full-year HEPS.

Nampak jumps on new supply deals

Nampak jumps on new supply deals

New large contracts are expected to boost earnings next year and close the gap caused by the impact of Covid-19.

Barloworld starch acquisition will stiffen resilience

Barloworld starch acquisition will stiffen resilience

The industrial group says Tongaat Hulett Starch has been resilient during Covid-19, as have its equipment businesses.

EPP remains cautious despite recovery

EPP remains cautious despite recovery

The Polish property group has held back on an interim dividend and may dispose of assets to strengthen its balance sheet.

Ascendis steps up asset sales

Ascendis steps up asset sales

The pharmaceuticals group has appointed advisers as it accelerates the disposal of asset to reduce debt.

Calgro warns of wider loss due to Covid-10

Calgro warns of wider loss due to Covid-10

After returning to profitability in the second half of last year, the property developer says Covid-19 impacted its performance this year.

Netcare adopts more nuanced Covid approach

Netcare adopts more nuanced Covid approach

The average length of stay for Covid-19 patients requiring a critical care bed has fallen to about six days after peaking at 17.

CMH dented by Covid impact

CMH dented by Covid impact

The car dealership and rental group says its operations were closed at the height of the lockdown as they were not essential services.

AMSA to restart blast furnace

AMSA to restart blast furnace

After idling the furnace in July, the steelmaker says demand has recovered faster than expected.

EPE presents gloomy outlook

EPE presents gloomy outlook

The private equity investor took a stake in Brait just before Covid-19 resulted in the closure of gyms and non-essential retailers.

Liberty Two Degrees reports improving conditions

Liberty Two Degrees reports improving conditions

The mall owner says footcount at its Eastgate shopping centre is almost back to the same level as last year.

Remgro feels the impact of Covid-19

Remgro feels the impact of Covid-19

The investment holding company says the pandemic impacted the earnings of the companies in its portfolio.

Alviva supported by home workers

Alviva supported by home workers

The ICT company has seen healthy demand for its products and services due to remote working requirements.

Hammerson wraps up capital raise

Hammerson wraps up capital raise

The London and JSE-listed property development and investment company says the vast majority of shareholders took up their rights.

RMI holds back on dividend as insurance

RMI holds back on dividend as insurance

The investment holding company says its position will be dynamically assessed over the coming months.

Famous Brands writes off the rest of GBK

Famous Brands writes off the rest of GBK

The group will report an interim loss due to operational losses and the final impairment of its GBK burger investment.

EPP may sell assets to reduce debt

EPP may sell assets to reduce debt

The Polish landlord is not paying an interim dividend and is planning disposals to bring down its loan to value.

Ailing Advanced Health to sell hospitals

Ailing Advanced Health to sell hospitals

The hospitals group has put four SA businesses up for sale and received an offer for the others.

Investec Property Fund goes ahead with dividend

Investec Property Fund goes ahead with dividend

The fund is in a stronger position after selling Belgian properties and an interest in its Pan-European logistics portfolio.

Texton mulls new distribution policy

Texton mulls new distribution policy

The property fund says it will take advantage of a two-month extension before deciding on its final payout for the past year.

Resilient Fairvest sticks to distribution

Resilient Fairvest sticks to distribution

The shopping centre owner says its focus on lower-LSM markets in non-metropolitan areas shielded it from the worst of the lockdown.

Covid-19 scuppers Grand Parade

Covid-19 scuppers Grand Parade

The investment group says the pandemic eroded all the gains it achieved in the first half of the year.

Trellidor encouraged by sales recovery

Trellidor encouraged by sales recovery

The security gate, shutter and blinds company says it lost an entire month of sales during the Covid-19 lockdown.

Attacq brakes on dividends due to Covid impact

Attacq brakes on dividends due to Covid impact

The real estate investment trust says it will consider a final dividend next year, conditions permitting.

Sweet outcome for Tongaat Hulett

Sweet outcome for Tongaat Hulett

Independent expert Rothschild and Co. says it is reasonably likely that Tongaat Hulett Starch will meet a key profit hurdle.

Ascendis flags narrower losses

Ascendis flags narrower losses

Results for last year have been restated after the sale of Remedica fell through but it has continued with its disposal programme.

Adcorp takes a cut in Dare disposal

Adcorp takes a cut in Dare disposal

The staffing and training group has sold the Australian business for a fraction of what it paid five years ago.

Sasol still shaken by Hurricane Laura

Sasol still shaken by Hurricane Laura

Much of the Lake Charles area has been without power since Hurricane Laura made landfall late last month.

Hulamin dented by falling beer and car demand

Hulamin dented by falling beer and car demand

The aluminium products manufacturer says turnaround action taken last year has softened the blow.

AngloGold reinstates guidance, albeit lower

AngloGold reinstates guidance, albeit lower

The gold producer has lowered its full-year forecast after some mines in Argentina, Brazil and SA were closed during the lockdown.

Arrowhead makes progress with disposals

Arrowhead makes progress with disposals

The real estate investment trust says its sales programme has beaten expectations, as has the collection of rentals in arrears.

Caxton swings to a loss due to Covid

Caxton swings to a loss due to Covid

The publishing and printing group says due to an uncertain trading future, its board has yet to decided on an annual dividend.

SPAR trading under surreal conditions

SPAR trading under surreal conditions

The wholesaler and retailer has benefitted from strong sales in Switzerland and Ireland and the weaker rand.

Investec flags lower earnings

Investec flags lower earnings

The banking group has faced reduced economic activity, volatile markets, declining interest rates and a weaker rand.

Telkom reports mixed impact from Covid-19

Telkom reports mixed impact from Covid-19

The telecoms group says demand for mobile data has helped push it into number 3 position in the mobile market.

RMH expects property sector to remain tough

RMH expects property sector to remain tough

Due to the uncertainty around the duration of the Covid-19 pandemic, it cannot forecast the impact on the value of its property investments.

Hulamin to report biggest losses due to Covid-19

Hulamin to report biggest losses due to Covid-19

The aluminium products manufacturer says local and export sales declined due to the pandemic, while its factories were also affected.

EPP still considering interim dividend

EPP still considering interim dividend

The Polish real estate group says interim distributable income will be up to two-thirds lower as it remains focused on retaining maximum liquidity.

Woolworths expects no respite for now

Woolworths expects no respite for now

After a tough second half, the retailer says the trading environment will remain challenging and uncertain for the foreseeable future.

Hyprop guides on lower earnings

Hyprop guides on lower earnings

The shopping centre owner says it is considering different options to settle its interim dividend and the declaration of a final distribution.

OneLogix holds dividend as profit declines

OneLogix holds dividend as profit declines

The niche logistics group has laid of 5 percent of its workers as it right-sized its business.

Blue Label bids adios to Mexico

Blue Label bids adios to Mexico

The company is selling its non-controlling interest in Mexico as its focuses on its local distribution businesses.

Discovery reveals the impact of Covid-19

Discovery reveals the impact of Covid-19

The financial services group has held back on a dividend and says payments will only resume when appropriate.

Motus withholds dividend as car sales stall

Motus withholds dividend as car sales stall

The automotive group says it will reassess the resumption of payouts this year depending on its trading results.

Record dividend as Pan African cashes in on higher gold price

Record dividend as Pan African cashes in on higher gold price

The mining company has beaten full-year production guidance despite the impact of Covid-19 on its operations.

Brait receives Iceland cash

Brait receives Iceland cash

The investment group says members are returning to its Virgin Active gyms while food group Premier has had a strong first half.

Mpact declares force majeure at Springs operation

Mpact declares force majeure at Springs operation

The paper and packaging group says the impact on earnings remains uncertain as it waits for power to be restored to its paper mill.

Harmony targets higher production

Harmony targets higher production

The gold miner says the acquisition of the Mponeng mine will help lift production in the year ahead.

ARC Investments plans rights issue

ARC Investments plans rights issue

Funds raised will be used to pay for existing and new investments and settle an outstanding fund management fee.

Remgro flags profit decline

Remgro flags profit decline

The investment company says most of its underlying investments have been affected by the Covid-19 pandemic.

Covid-19 dents Transaction Capital growth record

Covid-19 dents Transaction Capital growth record

The company will report a decline in earnings but says the taxi industry has rebounded and it expects benefits from WeBuyCars.

PPC falls as adds asset sales to a possible rights issue

PPC falls as adds asset sales to a possible rights issue

Its shares fell sharply after it said asset sales are also on the cards as its battles to reduce debt.

Load shedding proves a drag on TFG

Load shedding proves a drag on TFG

Adding insult to Covid-19 injury, the retail group has lost about 15,000 trading hours due to load shedding.

Bidvest delivers credible performance

Bidvest delivers credible performance

Incoming CEO Mpumi Madisa will take the reins as the services and trading group recovers from the impact of Covid-19.

Metrofile increases dividend after resilient performance

Metrofile increases dividend after resilient performance

The documents storage business, which is the target of a proposed takeover, says it has benefitted from annuity income streams.

Astral claims limited Covid-19 impact

Astral claims limited Covid-19 impact

Operating profit and headline earnings will be lower due to additional costs and the impact of the lockdown on chicken prices.

Harmony gets green light for AngloGold mines

Harmony gets green light for AngloGold mines

The Department of Mineral Resources and Energy approved the transfer of the West Wits mineral rights to Harmony with no conditions.

Jubilee Metals gets Zambian licence renewed

Jubilee Metals gets Zambian licence renewed

The metals processing company says it will be in the position to produce its first copper concentrate within three months.

Grand Parade’s losses widen on Covid-19

Grand Parade’s losses widen on Covid-19

The investment group has accelerated the sale of non-core assets in response to the pandemic.

RMH devalues property investments

RMH devalues property investments

The investment company says Covid-19 has had a big impact on valuations of its property in SA and Europe.

Afrox cushioned by stable healthcare demand

Afrox cushioned by stable healthcare demand

The gases and welding products group has reported lower volumes after sales were impacted by the Covid-19 lockdown.

Sasfin to report a loss due to provisions

Sasfin to report a loss due to provisions

The bank and financial services group says it has focused on ensuring a strong balance sheet to withstand further shocks to the economy.

Anglo sees sparkle return to De Beers

Anglo sees sparkle return to De Beers

The diamond producer has reported a recovery in demand for diamonds as sentiment improves and lockdown conditions ease.

Net1 refocuses on SA business

Net1 refocuses on SA business

The fintech and payments group says it has begun reinvesting in its SA operations, with demand returning since the lockdown was eased.

Bidvest warns of Covid-19 impact

Bidvest warns of Covid-19 impact

The industrial services and trading group has booked a number of impairments and additional charges as it right-sized its operations.

FirstRand takes Covid credit knock on the chin

FirstRand takes Covid credit knock on the chin

The banking group says activity levels are expected to remain muted for now, but it is positioned for a recovery when things normalises.

Most challenging period for Sanlam

Most challenging period for Sanlam

Covid-19 turned the tables on what started out as a positive year for the insurance group.

Harmony to report a loss despite higher gold price

Harmony to report a loss despite higher gold price

While sales benefitted from the higher rand gold price, the weaker rand impacted dollar borrowings and the value of its gold hedges.

Balwin impacted by construction lockdown

Balwin impacted by construction lockdown

The residential property developer says it lost about three months of construction activity as a result of the lockdown.

Zeder CEO quits amid strategy shift

Zeder CEO quits amid strategy shift

Norman Celliers, who was instrumental in rationalising its investment portfolio, leaves at the end of the month.

Cautious Growthpoint holds back on dividend

Cautious Growthpoint holds back on dividend

The REIT deferred its decision on a final dividend until later this year as a precautionary measure to provide additional financial flexibility.

Momentum Metropolitan misses target due to Covid-19

Momentum Metropolitan misses target due to Covid-19

The insurance group maintains its Reset and Grow strategy has placed in it a better position to manage the impact of the pandemic.

Sabvest fares better than expected

Sabvest fares better than expected

The investment company expects a recovery in most of its underlying investment companies next year if there are no further lockdowns.

Alviva warns of lower earnings

Alviva warns of lower earnings

The ICT products and services group says it has focused on maintaining and improving equity to ensure its sustainability.

No dividend as Aspen gets debt down

No dividend as Aspen gets debt down

Following a number of disposals, the pharmaceuticals group says a reshaping process is complete.

Mustek relatively unscathed by Covid-19

Mustek relatively unscathed by Covid-19

The ICT group says there was increased demand for its products and services as more people worked from home.

Shoprite beats the recession blues

Shoprite beats the recession blues

The supermarket giant has grown volumes as it increased its share of the local grocery market.

Aspen rallies on European thrombosis sale

Aspen rallies on European thrombosis sale

The pharmaceuticals group says the deal supports its strategy to earn more of its revenue in emerging markets.

Impairments push Merafe into a loss

Impairments push Merafe into a loss

The company has held back on an interim dividend to focus on capital management and cash preservation.

Labat feeds its growing weed business

Labat feeds its growing weed business

The investment group is negotiating to buy a cannabis cultivation operation in the Eastern Cape as it grows its medicinal cannabis business.

AVI benefits from snacking during lockdown

AVI benefits from snacking during lockdown

Due to healthy cash generation and an expected recovery in businesses affected by the lockdown, the company has declared a final dividend.

Metrofile rallies on trading statement

Metrofile rallies on trading statement

The documents storage business will post a strong rise in headline earnings but a basic loss for the year to June.

Capitec warns of Covid earnings hit

Capitec warns of Covid earnings hit

The bank has been impacted by rising credit impairments and a decline in transaction volumes as a result of the lockdown.

Brait marks down Iceland price tag

Brait marks down Iceland price tag

The investment group is giving the buyers a rebate in return for full payment almost two years ahead of schedule.

Kibo acquires new power project

Kibo acquires new power project

The energy group is acquiring power plants to take advantage of the fast growing reserve power market in the UK.

Covid-19 takes a heavy toll on Bell

Covid-19 takes a heavy toll on Bell

The equipment maker and distributor has also announced changes to its arrangement with shareholder John Deere.

Luxe Holdings flags narrower loss

Luxe Holdings flags narrower loss

The company, formerly called Taste Holdings, attributes the improvement to dilution following a rights issue in February.

Putprop increases dividend as conditions deteriorate

Putprop increases dividend as conditions deteriorate

The property investment company says trading conditions will remain challenging, constraining capital and dividend growth in the sector.

C&R withholds dividend as earnings tumble

C&R withholds dividend as earnings tumble

Due to the current level of uncertainty, the shopping centre owner says it will not resume dividends until market circumstances improve.

Encouraging support as MC Mining receives funding

Encouraging support as MC Mining receives funding

The company is making progress in securing the balance of Phase 1 funding for its Makhado Project following lockdown delays.

Telkom scotches rumours of rights issue

Telkom scotches rumours of rights issue

The telecoms operator says an amendment to its resolutions was not an expression of its intention to issue more shares.

Big dividend as Implats posts record earnings

Big dividend as Implats posts record earnings

A strong operational performance combined with rising metals prices helped offset the impact of Covid-19.

Santam counts the cost of Covid-19

Santam counts the cost of Covid-19

The insurer has reported a decline in its underwriting margin due to Covid-19 related claims, partly offset by benign motor claims.

Truworths pays dividend despite Covid losses

Truworths pays dividend despite Covid losses

Despite more hefty impairments, Truworths is providing more funding to Office and says it is committed to turning the UK chain around.

City Lodge withholds dividend after challenging year

City Lodge withholds dividend after challenging year

With almost all its hotels closed, the group earned practically no revenue in the final quarter of its financial year.

Eating in supports Libstar

Eating in supports Libstar

While the group missed out on restaurant trade during the lockdown, consumers bought more of its products to prepare food at home.

RDI cuts retail exposure with German disposal

RDI cuts retail exposure with German disposal

The real estate investment trust says retail property now make up less than a quarter of its total portfolio.

Hammerson consolidates ahead of capital raise

Hammerson consolidates ahead of capital raise

The 24 for 1 rights issue will be highly dilutive for shareholders who do not take up their rights.

Strong response to Renergen LNG auction

Strong response to Renergen LNG auction

With registrations completed, the emerging natural gas producer says allocations will be made following the end of the bid process in October.

RMI outlines Covid-19 hit

RMI outlines Covid-19 hit

Covid-19 has resulted in significant provisions at associates Momentum Metropolitan and Discovery.

Old Mutual defers dividend following Covid-19 hit

Old Mutual defers dividend following Covid-19 hit

The insurer says it will revisit its decision at the end of the year once it has a clearer picture of the economy.

Cashbuild pays dividend despite tough conditions

Cashbuild pays dividend despite tough conditions

The building materials retailer says the hard lockdown cost it an estimated R600 million in revenue.

Safe haven demand pays off for DRDGOLD

Safe haven demand pays off for DRDGOLD

The gold company has raised its final dividend by 75 percent as it benefited from increased production and a higher gold price.

Pan African Resources flags big profit increase

Pan African Resources flags big profit increase

The gold producer says headline earnings will be almost double those reported last year thanks to the higher gold price.

Transpaco unpacks earnings surprise

Transpaco unpacks earnings surprise

The packaging manufacturer says its plastics division beat expectations after suffering a three-month strike the previous year.

Ecsponent probes misappropriated loan

Ecsponent probes misappropriated loan

The company says its ability to service the facility has been impacted and it is trying to renegotiate terms with the lender.

ADvTECH passes 1st semester despite Covid-19

ADvTECH passes 1st semester despite Covid-19

The private education and resourcing group says its schools division reported an improved performance due to measures taken before the pandemic.

Diversified portfolio cushions African Rainbow

Diversified portfolio cushions African Rainbow

The mining company says higher PGM and iron ore prices made up for a decline in manganese and thermal coal.

Life Healthcare in recovery mode

Life Healthcare in recovery mode

The private hospital group says revenue has recovered as it prepares for the resumption of elective procedures at its facilities.

Sasol reports limited damage from Hurricane Laura

Sasol reports limited damage from Hurricane Laura

The energy and chemicals group says it has insurance cover as its manufacturing facilities in Lake Charles remain closed.

Sun International reveals big Covid-19 loss

Sun International reveals big Covid-19 loss

The hotel and gaming group says there will be no quick recovery to previous trading levels but it will continue to reduce debt.

Northam delivers record earnings despite Covid setback

Northam delivers record earnings despite Covid setback

The platinum producer says it has returned value to shareholders by buying back Zambezi preference shares.

Steinhoff encouraged by recovery

Steinhoff encouraged by recovery

The retail group says its main trading subsidiaries are poised to gain market share due to their resilient and defensive discount offerings.

Grindrod Shipping navigates Covid storm

Grindrod Shipping navigates Covid storm

The shipping group says the pandemic has exacerbated an environment that has been challenging and volatile for the last several years.

MAS sticks to disposal plan despite Covid-19

MAS sticks to disposal plan despite Covid-19

The European real estate company says while the pandemic hampered disposals, it is proceeding with the sale of Western European assets.

Discovery hit by Covid-19, volatile rates

Discovery hit by Covid-19, volatile rates

The insurer and financial service group says full-year headline earnings could be wiped out by the impact of Covid-19.

Distell displays Covid-19 hangover

Distell displays Covid-19 hangover

The drinks group says it is working to make alcohol consumption safer as prohibition is a blunt instrument.

Massmart’s losses widen due to Covid-19

Massmart’s losses widen due to Covid-19

With sales under pressure, the retail and wholesale group racked up additional costs due to the pandemic and an internal restructuring.

Sibanye-Stillwater reinstates dividends on record earnings

Sibanye-Stillwater reinstates dividends on record earnings

The company says the outlook for the second half of the year is extremely positive as its local operations achieve optimal production.

Blue Label back in the black

Blue Label back in the black

The distributor of airtime, data and electricity vouchers says most of its products and services have been essential during the lockdown.

Grindrod remains resilient amidst pandemic

Grindrod remains resilient amidst pandemic

The freight, logistics and financial services group says its cash generation and balance sheet remain strong.

Resilient comes through with dividend

Resilient comes through with dividend

The real estate investment trust says it cannot provide any guidance for the year ahead due to the ongoing uncertainty.

Adcock not dispensing a dividend

Adcock not dispensing a dividend

The pharmaceuticals group says it prefers to adopt a prudent cash preservation approach until the full impact of Covid-19 is better understood.

Stadio makes progress with branding strategy

Stadio makes progress with branding strategy

The tertiary education group says Covid-19 has created a shift in the perception and attractiveness of distance learning.

Murray hit by Covid-19 impairments

Murray hit by Covid-19 impairments

The engineering and construction services group says its exposure to natural resources positions it well for a recovery.

Bidcorp prepares for the new normal

Bidcorp prepares for the new normal

The food services company says a majority of its customers emerged from hibernation and sales continue to recover.

Covid-19 bores into Master Drilling’s performance

Covid-19 bores into Master Drilling’s performance

The drilling specialist says many of the 23 countries where it operates imposed restrictions due to Covid-19.

Lewis declares dividend despite Covid-19 impact

Lewis declares dividend despite Covid-19 impact

The furniture and appliances retailer plans to open 20 new stores this year despite the lingering impact of the pandemic.

Italtile optimistic about its prospects

Italtile optimistic about its prospects

The tile retailer and manufacturer is paying a final dividend and plans to grow its store network in the year ahead.

Dis-Chem benefits from online shift

Dis-Chem benefits from online shift

The discount pharmacy chain says Covid-19 has matured the e-commerce environment and consumer adoption by three to five years.

Imperial positioned for changing market trends

Imperial positioned for changing market trends

The logistics group has been impacted by Covid-related costs but says it is well positioned to capture new opportunities that arise.

Absa battered by rising bad debts

Absa battered by rising bad debts

The banks says all its business units remain profitable despite the Covid-19 impact on credit impairments.

Old Mutual forecasts first-half loss

Old Mutual forecasts first-half loss

The group has booked a number of impairments in anticipation of rising death claims and the impact of Covid-19 on the economy and its business.

Aspen rises on potential Europe deal

Aspen rises on potential Europe deal

The pharmaceuticals group has been selling non-core assets to reduce debt that has been worrying investors.

Famous Brands sells tashas back to founders

Famous Brands sells tashas back to founders

The restaurant group has not disclosed how much it received for returning the upmarket cafe chain to full family ownership.

Bidcorp warns of lower earnings

Bidcorp warns of lower earnings

The global food services business suffered a big decline in fourth-quarter sales and has racked up additional abnormal costs.

Tongaat fined again for accounting fraud

Tongaat fined again for accounting fraud

The FSCA says the restated financial resulted have highlighted the gap that existed between prior public statements and the financial reality.

Sun International lets go of Latam Dreams

Sun International lets go of Latam Dreams

The group will use the $160 million from the sale of Sun Dreams to extinguish offshore debt in Latin America and reduce local gearing.

NEPI Rockcastle offers shares in lieu of dividend

NEPI Rockcastle offers shares in lieu of dividend

The shopping centre owner wants to protect its balance sheet and liquidity due to Covid-19 fallout.

RCL suffers from restaurant closures

RCL suffers from restaurant closures

The food group will report a significant decline in headline earnings and a basic loss for the year due to hefty impairments.

Insimbi optimistic despite Covid-19 challenges

Insimbi optimistic despite Covid-19 challenges

The metals recycler says it lost 7 weeks of revenue in its new financial year due to the hard lockdown.

Covid-19 masks Tiger’s recovery

Covid-19 masks Tiger’s recovery

The fast-moving consumer goods group will report a decline in full-year earnings as the pandemic added to its costs.

Covid crashes ARB's party

Covid crashes ARB's party

The group has booked some impairments as it may take two to three years to get back to pre-Covid-19 levels of activity.

Implats flags earnings bonanza

Implats flags earnings bonanza

The platinum producer says a big increase in the dollar basket price for PGMs, together with the weaker rand, are behind the increase.

Nedbank warns of elevated impairments

Nedbank warns of elevated impairments

The banking group says its credit loss ratio will remain above levels reached during the global financial crisis this year.

Standard Bank’s earnings fall as bad debts rise

Standard Bank’s earnings fall as bad debts rise

The bank says risk remains high and should the outcome be worse than expected, additional provisions will be required.

Mr Price rings up lower sales due to Covid-19

Mr Price rings up lower sales due to Covid-19

The value retailer claims to have gained market share even as sales were impacted by the lockdown and the challenging economic environment.

Gold Fields benefits from new projects, rising gold price

Gold Fields benefits from new projects, rising gold price

Despite the recent rally, the gold producer says it continues to run and plan its business at lower gold prices.

Massmart’s interim loss tops R1 billion

Massmart’s interim loss tops R1 billion

Excluding the impact of Covid-19, the mass retailer and wholesaler said its losses for the period would probably have been smaller.

Santam to report lower earnings

Santam to report lower earnings

The short-term insurer has been impacted by lower underwriting and investment results, as well as impairments.

Curro grows learner numbers despite Covid-19

Curro grows learner numbers despite Covid-19

While there has been a decline in enrolments since January, the private schools group is still showing year-on-year growth in learners.

Metair positioned for recovery

Metair positioned for recovery

The group is focused on new model launches and has approved a big investment to support new vehicle projects.

Never a dull day at Office for Truworths

Never a dull day at Office for Truworths

Following a big impairment last year, the retail group has written down UK chain by a further R2.8 billion.

MTN names Ralph Mupita as new CEO

MTN names Ralph Mupita as new CEO

Ralph Mupita has been CFO since 2017 and has played a critical role in developing and executing its strategy, capital allocation and financial performance.

Grindrod to report wider loss despite resilient performance

Grindrod to report wider loss despite resilient performance

The freight, logistics and financial services group says cash generation remains strong, as does its balance sheet.

Murray flags a full-year loss

Murray flags a full-year loss

After a strong start to the year, the engineering and construction services group says Covid-19 contributed to a perfect storm.

Sanlam warns of Covid-19 impact

Sanlam warns of Covid-19 impact

The insurer will book R7.8 billion in impairment charges after Covid-19 impacted the value of its international businesses.

BHP braced for a challenging year

BHP braced for a challenging year

The diversified resources group says it should still generate returns due to its diversified portfolio of high-quality assets.

PPC cements over cracks in its accounts

PPC cements over cracks in its accounts

The cement producer has delayed the release of its annual results due to disruptions caused by Covid-19 and after restating its 2019 numbers.

Fortress warns of lower distribution

Fortress warns of lower distribution

The real estate investment trust is tweaking its model so it can pay out less to A shareholders due to Covid-19.

Balwin to report lower earnings

Balwin to report lower earnings

The residential property developer held off on a final dividend last year due to uncertainty about Covid-19.

Resilient expects reduced payout

Resilient expects reduced payout

The real estate investment trust says it will stick to its dividend policy despite the impact of Covid-19.

Northam snaps up more Zambezi prefs

Northam snaps up more Zambezi prefs

The platinum producer has now bought back close to half the preference shares issued to fund its empowerment deal.

Libstar supported by robust retail demand

Libstar supported by robust retail demand

The branded food producer will report a decline in interim earnings after it incurred extraordinary expenses as a result of Covid-19.

Sasol to pursue rights issue as impairments result in losses

Sasol to pursue rights issue as impairments result in losses

The exact amount to be raised will depend on how much the energy and chemicals group gets from asset disposals.

Tiger Brands finds buyers for VAMP business

Tiger Brands finds buyers for VAMP business

The group will dispose of its meat processing business in two separate transactions worth a total of R428 million.

Momentum Metropolitan warns of earnings decline

Momentum Metropolitan warns of earnings decline

The insurance group says there has also been a data breach following a cyber attack on one of its subsidiaries.

Afrimat bulks up on iron ore with Coza acquisition

Afrimat bulks up on iron ore with Coza acquisition

The construction materials and bulk commodities producer will acquire a 25 percent stake in Coza from ArcelorMittal as part of the transaction.

Master Drilling warns of lower earnings

Master Drilling warns of lower earnings

The drilling specialist says many of the 23 countries where it operates imposed restrictions due to Covid-19.

Europa Metals rallies on new Toral estimate

Europa Metals rallies on new Toral estimate

The minerals exploration and development company has raised the resource estimate of its Toral project by 40 percent.

 Impairments to push KAP into a loss

Impairments to push KAP into a loss

The industrial holding company will report a basic loss after Covid-19 and the weak polymer market resulted in impairments.

Sweeter results as Tongaat cleans up

Sweeter results as Tongaat cleans up

The sugar producer and agri-business says the restructuring has better positioned it to ride out Covid-19.

Woolworths rings up lower earnings due to Covid

Woolworths rings up lower earnings due to Covid

Apart from the impact of Covid-19, the retailer has also been affected by new accounting methodology.

Sibanye-Stillwater flags surge in earnings

Sibanye-Stillwater flags surge in earnings

After a strike at its gold mines last year, the precious metals producer will return to a strong profit thanks to higher metals prices.

Jubilee rallies on chrome deals

Jubilee rallies on chrome deals

The metals processing company has secured material for its Windsor recovery plant while increasing its processing capacity.

Brait announces a new deal for New Look

Brait announces a new deal for New Look

The investment group said it is confident that a recapitalisation on top of steps taken by management will support the struggling fashion chain.

Record volumes and weak rand support Exxaro

Record volumes and weak rand support Exxaro

The resources group has reported a strong increase in first-half earnings as a softer currency helped offset lower thermal coal prices.

PPC’s Ball sets refinancing in motion

PPC’s Ball sets refinancing in motion

The cement producer is negotiating a more sustainable structure for debt in the DRC and may pursue a rights issue.

Customers return to Famous Brands’ GBK

Customers return to Famous Brands’ GBK

The restaurant group says the board of GBK is reviewing options available to the business after it cut off further financial assistance.

Redefine declares dispute over Mall of the South put option

Redefine declares dispute over Mall of the South put option

Property investment and development company Zenprop plans to exercise its option to sell Mall of the South Property Development.

Peregrine buyout enters the final straight

Peregrine buyout enters the final straight

Following Competition Tribunal approval, the private equity buyout still hinges on a couple of outstanding conditions.

Clicks ready to dispense dividend despite Covid-19

Clicks ready to dispense dividend despite Covid-19

Although pharmacy sales have not fared as well, the group has reported a strong rise in retail and wholesale turnover so far this year.

FirstRand steels itself rising credit losses

FirstRand steels itself rising credit losses

The financial services group says an increase in credit impairments is largely to blame for an expected drop in earnings.

Absa warns of sharp earnings decline

Absa warns of sharp earnings decline

The banking group says credit impairments were four times higher in the first half of its financial year due to Covid-19.

Harmony gets big boost from rising gold

Harmony gets big boost from rising gold

The company says its operating free cash flow margin is likely to double following a 25 percent jump in the gold price.

Quilter makes it through its most challenging first half

Quilter makes it through its most challenging first half

The wealth manager says while it is used to managing through financial market volatility, the last six months were unprecedented.

Sephaku swings to a loss as infrastructure spending dries up

Sephaku swings to a loss as infrastructure spending dries up

The building and construction materials group says Covid-19 could not have come at a worse time for the industry.

Impairments push Sasol into a loss

Impairments push Sasol into a loss

The energy and chemicals group says it was impacted by Covid-19 and a severe decline in crude oil and chemical product prices.

Exxaro aided by record coal exports

Exxaro aided by record coal exports

The diversified resources group says while the operating environment remained challenging, its managed operations were resilient.

Stadio weathers the Covid pandemic

Stadio weathers the Covid pandemic

The higher education group expects first-half core headline earnings to be as much as 30 percent higher than last year.

AngloGold set for strong annual payout

AngloGold set for strong annual payout

The gold producer has reported a big increase in free cash flow, assisted by a 26 percent year-on-year increase in the gold price.

Curro warns of lower earnings

Curro warns of lower earnings

The private schools group says first-half earnings were impacted by a R67 million impairment but recurring earnings will be higher.

Lewis raises impairments due to Covid-19

Lewis raises impairments due to Covid-19

The furniture and appliances retailer says it lost out on sales and customer account payments in March as the lockdown took effect.

Richemont proposes new loyalty scheme

Richemont proposes new loyalty scheme

The luxury goods group plans to reward shareholders with tradable warrants after trimming its dividend ratio.

 Strong support for Orion capital raise

Strong support for Orion capital raise

The Australian minerals exploration and development company will use the proceeds from the share issue to advance its Prieska project in the Northern Cape.

Jubilee moves closer to copper target

Jubilee moves closer to copper target

The metals processing company has entered a JV that will accelerate copper production at its Sable Refinery in Zambia.

MTN hanging up on Middle East operations

MTN hanging up on Middle East operations

The cell phone network operator says it is focusing its future strategy on its African markets, where growth has been strong.

Hammerson to reduce debt with rights issue, disposal

Hammerson to reduce debt with rights issue, disposal

The shopping centre owner will ask shareholders for more cash to reduce debt and strengthen its defences against Covid-19.

Mondi rallies on dividend resumption

Mondi rallies on dividend resumption

After a resilient first-half, the paper and packaging group resumed has dividends, recognising the importance to shareholders.

Glencore suspends dividends to cut debt

Glencore suspends dividends to cut debt

The mining and commodities marketing giant is prioritising debt due to the uncertainties presented by Covid-19.

No battle in RMI's bid for Hastings

No battle in RMI's bid for Hastings

RMI and OUTsurance plan to raise their stake in the UK insurer to 30 percent, with the option of an additional 10 percent.

Covid provisions push Liberty into a loss

Covid provisions push Liberty into a loss

The life assurer has set up a R3 billion reserve fund to cover increased mortality claims, withdrawals and lapse rates.

DRDGOLD lifts production but misses target

DRDGOLD lifts production but misses target

The gold producer has come in just shy of its full-year production guidance due to Covid-19 but has benefitted from a higher rand gold price.

Covid-19 and power cuts decimate Mpact’s earnings

Covid-19 and power cuts decimate Mpact’s earnings

The packaging group says it was impacted by the closure of quick-service restaurants and the banning of alcohol sales.

Gold Fields rides the bullion rally

Gold Fields rides the bullion rally

The gold producer will report a strong rise in interim earnings as it maintained production amid a rising gold price.

JSE benefits from Covid-19 turbulence

JSE benefits from Covid-19 turbulence

The exchange operator says its first half performance masks the structural impediment of the SA economy.

Pick n Pay rings up Covid-19 costs

Pick n Pay rings up Covid-19 costs

The supermarket group says first-half earnings will be less than half those reported last year due to Covid-19 and retrenchment costs.

Cashbuild extends reach with TBC acquisition

Cashbuild extends reach with TBC acquisition

The R1.1 billion deal will increase its presence in the coastal regions and expose it to the higher end of the market.

RBPlat's profits surge despite Covid-19

RBPlat's profits surge despite Covid-19

The platinum producer lost 45 days of production due to the pandemic but was supported by higher metal prices.

Blue Label warns about Cell C default

Blue Label warns about Cell C default

The mobile operator says the non-payment was not a surprise to lenders that understood its turnaround strategy.

Cartrack grows revenue despite Covid disruption

Cartrack grows revenue despite Covid disruption

The vehicle telematics group says new subscriber additions decelerated in the three months to end-May as a result of the pandemic.

Ecsponent sells MyBucks Zambia stake

Ecsponent sells MyBucks Zambia stake

The investment group says it will use the proceeds to settle high yield debt as it restructures its business.

Shoprite exiting Nigeria as local sales rise

Shoprite exiting Nigeria as local sales rise

The retailer has reported a strong increase in SA sales despite the challenges posed by Covid-19.

Hammerson mulls rights issue and JV exit

Hammerson mulls rights issue and JV exit

The shopping centre owner is battling to reduce debt as it collects just a portion of its rentals due to Covid-19.

Renergen ready to drill first well

Renergen ready to drill first well

The emerging natural gas and helium producer says results from the Virginia Gas Project are still a month or so away.

Implats appoints new chairman designate

Implats appoints new chairman designate

Thandi Orleyn will replace Mandla Gantsho as chair of the platinum producer after its AGM in October.

Etion warns of wider losses

Etion warns of wider losses

The digital technology company says there has been a big decline in project spending by its customers.

Trematon sells Gansbaai centre

Trematon sells Gansbaai centre

The disposal is line with with its strategy of optimising investment returns.

MTN holding back on an interim dividend

MTN holding back on an interim dividend

The network operator is preserving its liquidity due to Covid-19 uncertainty but may pay a final dividend at year-end.

Glencore supported by marketing business

Glencore supported by marketing business

The group says its marketing arm has risen to the challenge posed by Covid-19, with strong counter-cyclical earnings.

Gloomy outlook as Novus reports a loss

Gloomy outlook as Novus reports a loss

The print and packaging group says it is only likely to return to a profit in 2022 if the lockdown lifts by next March.

Sebata holding out for NOSA proceeds

Sebata holding out for NOSA proceeds

If the ICT company receives the earn-out owed to it from the NOSA disposal it is likely to dish it out to shareholders.

Astoria encouraged by trading at CNA

Astoria encouraged by trading at CNA

The investment group led a consortium of investors that bought the stationary chain from Edcon in April.

Europa Metals pours cold water on recent rally

Europa Metals pours cold water on recent rally

Its share price retraced some of its recent heady gains after it said there was no material event to explain the recent surge.

Diamond’s aren’t Anglo’s best friend

Diamond’s aren’t Anglo’s best friend

The diversified resources group says first-half sales volumes at subsidiary De Beers fell close to a half.

AB InBev hails the return of beer drinkers

AB InBev hails the return of beer drinkers

The global brewing giant has impaired its African operations and says the second alcohol ban in SA will affect its third-quarter performance.

Steinhoff’s loss widens as Covid impacts sales

Steinhoff’s loss widens as Covid impacts sales

The retail group says the financial costs of its restructuring also continues to be substantial as it seeks to settle lawsuits.

Sappi says demand is slowly returning

Sappi says demand is slowly returning

The pulp and paper producer fell into a quarterly loss as Covid-19 added to already weak markets for dissolving pulp and graphic paper.

Surprise as AngloGold CEO quits

Surprise as AngloGold CEO quits

The gold mining company gave no reason for Kelvin Dushnisky leaving on 1 September after two years at the helm.

Sasol sells oxygen site to reduce debt

Sasol sells oxygen site to reduce debt

The energy and chemicals group is selling the site to a unit of French multinational Air Liquide as part of its accelerated disposal programme.

Standard Bank warns of Covid earnings hit

Standard Bank warns of Covid earnings hit

The bank says headline earnings may halve due to the impact of continent-wide lockdowns on economic activity.

EOH fined the max for false financials

EOH fined the max for false financials

The JSE blamed a lack of governance and oversight mechanisms, inadequate and ineffective controls and systems on previous management.

Grand Parade gets smaller burger deal due to Covid-19

Grand Parade gets smaller burger deal due to Covid-19

The sale to ECP Africa Fund was renegotiated due to the risk introduced by Covid-19 and the sales impact of the lockdown.

AECI to pay dividend despite Covid-19 challenges

AECI to pay dividend despite Covid-19 challenges

Although its markets remain affected, the chemicals and explosives group says its solid financial position allows it to pay an interim dividend.

Accelerate holds back on dividend

Accelerate holds back on dividend

The property fund, which owns half of the Fourways super-regional mall, says it is also unlikely to pay a dividend for its 2021 year.

Kumba plans expansion despite Covid-19 risks

Kumba plans expansion despite Covid-19 risks

The company plans to develop a new pit that will extend the life of its Kolomela mine and says it is encouraged by the recovery in...

Vivo Energy reopens its pumps

Vivo Energy reopens its pumps

The service station operator says fuel sales have rebounded following the easing of lockdown restrictions.

Bowler Metcalfe flags improved profitability

Bowler Metcalfe flags improved profitability

The plastics manufacturer says trading has been reasonable throughout the lockdown, with some beneficial procurement opportunities.

Comair asks for more time for business rescue plan

Comair asks for more time for business rescue plan

The business rescue practitioners need another month to finalise short-term bridge funding and advance two offers from potential investors.

Impairments add to Sebata’s headline loss

Impairments add to Sebata’s headline loss

The information and communications technology group says its headline loss was impacted by the write-down of financial assets.

Amplats reports lower earnings due to Covid disruptions

Amplats reports lower earnings due to Covid disruptions

The platinum producer says its second half should be stronger, although significant risks and headwinds still exist.

Invicta starts new year with a clean slate

Invicta starts new year with a clean slate

The investment holding and management company took a decision to seriously review its balance sheet, resulting in significant impairments.

Steinhoff offers settlement to resolve claims

Steinhoff offers settlement to resolve claims

The group says if all claims against it were successful, its net asset value would fall short of the amount needed to settle them.

AngloGold to report higher earnings as gold rallies

AngloGold to report higher earnings as gold rallies

The gold producer has benefitted from a rising gold prices, higher foreign exchange gain and lower once-off costs.

Santam to provide R1 billion in relief to business customers

Santam to provide R1 billion in relief to business customers

Insurers have been under pressure from the authorities to provide some relief to their clients as an interim measure ahead of court rulings.

Liberty to swing to a first-half loss

Liberty to swing to a first-half loss

The life assurer has set aside R3 billion to cover the expected increase in mortality and retrenchment claims as a result of Covid-19.

L2D holds back on dividend as it cuts its portfolio value

L2D holds back on dividend as it cuts its portfolio value

The shopping centre owner says it will consider the payment of a final dividend with its full-year results.

Octodec to revisit distribution policy

Octodec to revisit distribution policy

After withholding an interim distribution, the real estate investment trust says it will decided on its policy with its full-year results.

Delta offloads Grit stake ahead of delisting

Delta offloads Grit stake ahead of delisting

Grit is consolidating its three listings into two, which it says will save on costs and boost trading in London and Mauritius.

Woolworths saved by food sales as clothing declines

Woolworths saved by food sales as clothing declines

The retailer benefitted from a big rise in online sales as it marked down merchandise to manage inventory and generate cash.

MTN rallies on earnings bonanza

MTN rallies on earnings bonanza

First-half earnings were boosted by disposals while headline earnings gained from non-operational items.

Lockdown costs Pepkor billions in sales

Lockdown costs Pepkor billions in sales

The retailer says sales have recovered strongly following the relaxation of lockdown restrictions and as consumers trade down.

City Lodge to slump into a loss

City Lodge to slump into a loss

The hotel group has reopened some of its hotels as lockdown restrictions ease but occupancies remain low.

Sasol's last US unit has been delayed

Sasol's last US unit has been delayed

The Low Density Polyethylene Unit plant at Lake Charles is now expected to reach beneficial operation before the end of October.

Vodacom reports higher traffic as customers stay at home

Vodacom reports higher traffic as customers stay at home

The network operator says a big rise in volumes offset the impact of lower tariffs after it cut the price of its data.

PPC cement sales bounce back

PPC cement sales bounce back

The cement producer partly attributes a recovery in sales volumes last month to an absence of imports in the market.

Invicta rally halted on looming loss

Invicta rally halted on looming loss

A week-long rally in its shares ended after it warned of the extent of its full-year loss.

Implats flags significantly higher earnings

Implats flags significantly higher earnings

The platinum producer says it has benefitted from a rise in the price of platinum group metals and a weaker rand.

Spur laments alcohol ban and curfew

Spur laments alcohol ban and curfew

The restaurant group says earnings for the year are likely to be at least 40 percent down from last year due to Covid-19.

Eastplats eyes platinum re-treatment JV

Eastplats eyes platinum re-treatment JV

The group is looking into the feasibility of processing platinum group metals at its Zandfontein operation.

Stenprop beefs up MLI portfolio

Stenprop beefs up MLI portfolio

The UK and German property owner says the acquisition of Bowthorpe Park Industrial Estate takes it closer to its goal.

Mediclinic's offshore operations in better health

Mediclinic's offshore operations in better health

Shares of the private hospital group rallied after it reported stronger operating performances at its Swiss and UAE businesses.

New Frontier believes its centres are viable

New Frontier believes its centres are viable

The property group says its shopping centres may be undervalued as it tries to assess the lasting impact of Covid-19.

Argent rallies on upbeat forecast

Argent rallies on upbeat forecast

The steel product manufacturer and trader has been buying back its own shares and flagged a turnaround at some local businesses.

Afrimat makes all-share offer for Unicorn

Afrimat makes all-share offer for Unicorn

The materials group is targeting Nkomati Anthracite which will sit alongside the Demaneng iron ore mine in its bulk commodities portfolio.

Datatec benefits from home workers

Datatec benefits from home workers

The technology group says demand for networked cloud computing and remote access solutions has been strong due to Covid-19.

Strikes, rain and Covid-19 push Wescoal into a loss

Strikes, rain and Covid-19 push Wescoal into a loss

The coal mining company maintained positive cash flow for the year despite challenges across its operations.

Capco slashes property values

Capco slashes property values

The London real estate owner has reduced the value of its prime Covent Garden precinct in the West End as well as Lillie Square.

Brait’s gyms are starting to pump

Brait’s gyms are starting to pump

The investment group says the reopened Virgin Active clubs are beating expectations in terms of usage and membership numbers.

MC Mining gets go-ahead on IDC loan

MC Mining gets go-ahead on IDC loan

The company says it will now focus on securing the balance of Phase 1 funding for its Makhado Project following lockdown delays.

Invicta sells assets to cut debt

Invicta sells assets to cut debt

The investment holding company is disposing of a number of businesses in its Capital Equipment Group segment to improve its capital structure.

Spur on the lookout for new CEO

Spur on the lookout for new CEO

Pierre van Tonder, who has led the restaurant group since 1996, plans to retire at the end of the year.

Renergen to hold first LNG auction

Renergen to hold first LNG auction

The emerging natural gas and helium producer is preparing for the first production from its Virginia Gas Project in the Free State.

Tsogo Sun Hotels increases Hospitality stake

Tsogo Sun Hotels increases Hospitality stake

The hotel operator is taking advantage of the big discount Hospitality Property Fund trades at relative to its net asset value.

Balwin plans new Pretoria development

Balwin plans new Pretoria development

The residential property developer will build thousands of apartments on a piece of land it has agreed to buy east of Pretoria.

South32 places Metalloys on temporary care and maintenance

South32 places Metalloys on temporary care and maintenance

The diversified mining company has written down the value of its manganese alloy smelters and will also account for one-of restructuring costs.

PBT Group benefits from offshore expansion

PBT Group benefits from offshore expansion

The data solutions and services group is confident it can weather the Covid-19 storm due to its strong financial position.

Cartrack deal stalls

Cartrack deal stalls

The vehicle telematics group says discussions that would have resulted in restructuring and offshore listing have been terminated.

Investec Property Fund not immune to virus

Investec Property Fund not immune to virus

The fund says it will only make a decision on its final dividend in September as it assesses the economic impact of Covid-19.

Barloworld says Mongolian Caterpillar deal is still on

Barloworld says Mongolian Caterpillar deal is still on

The earthmoving equipment agent says Wagner Asia Equipment will be a good fit within its current portfolio.

Anglo companies weather Covid-19

Anglo companies weather Covid-19

The diversified resources company has stuck to revised guidance provided in April, with the exception of metallurgical and thermal coal.

Richemont sales almost halve on Covid-19

Richemont sales almost halve on Covid-19

The luxury goods group says there were unprecedented levels of disruption from the Covid-19 pandemic, affecting all regions, channels and business areas.

TFG marks down shares in rights issue sale

TFG marks down shares in rights issue sale

The retail group has priced the rights offer at a big discount, which will be dilutive for those shareholders not taking up their rights.

Hyprop dampens dividend expectations

Hyprop dampens dividend expectations

The shopping centre owner will pay out less due to the impact of Covid-19 and a reduced payout policy.

Covid-19 widens losses at AMSA

Covid-19 widens losses at AMSA

The steelmaker has decided to idle some of its furnaces until demand recovers.

Covid-19 rings in lower earnings for Bell

Covid-19 rings in lower earnings for Bell

The maker and distributor of articulated dump trucks and agricultural machinery says Covid-19 had had a negative impact on production and sales.

Tiger Brands signs up new CFO

Tiger Brands signs up new CFO

Deepa Sita has a strong background in the food and retail sectors.

Truworths’ sales suffer due to Covid-19

Truworths’ sales suffer due to Covid-19

The retail group says lockdown measures in SA and the UK have taken their toll on revenue, while it has had to increase provisions for doubtful...

Quantum takes flight on growing interest

Quantum takes flight on growing interest

The poultry and eggs group has attracted a number of large investors, as well as a few smaller ones.

Astral enters the Quantum chicken run

Astral enters the Quantum chicken run

The poultry producer has built up a sizeable stake in Quantum in order to protect its broiler supply agreement with the company.

Aspen commits to cheaper drugs after European probe

Aspen commits to cheaper drugs after European probe

The pharmaceuticals group will reduce the price of six off-patent prescription cancer medicines for 10 years.

Fairvest fetches less for Tokai Junction

Fairvest fetches less for Tokai Junction

The real estate investment trust will use the proceeds to settle debt as it focuses on retail assets in non-metropolitan areas.

TFG pushes ahead with rights offer following JET deal

TFG pushes ahead with rights offer following JET deal

The retailer is targeting R3.95 billion which it will use to reduce debt, fund organic growth and pay for its proposed acquisition of JET.

Tsogo Sun Hotels sells Seychelles stake

Tsogo Sun Hotels sells Seychelles stake

The hotel group says Covid-19 has limited its ability to reduce debt, which will be achieved through the disposal of its URH stake.

The Foschini Group tailors a deal for JET

The Foschini Group tailors a deal for JET

The retailer says it has a unique opportunity to buy selected parts of the business, giving it significant scale at an attractive price.

Orion consolidates ownership of Northern Cape project

Orion consolidates ownership of Northern Cape project

Minority shareholders in the Jacomyspan nickel-copper-PGE project will exchange their interests for shares in Orion.

Distell suffers a Monday babalas

Distell suffers a Monday babalas

The drinks group had started to recover from previous restrictions, generating cash flow and protecting jobs.

Jubilee plans copper expansion after strong first half

Jubilee plans copper expansion after strong first half

The mine-to-metals company says Zambia contains vast quantities of copper tailings that its skills can unlock.

Basil Read says it owes Eskom nothing

Basil Read says it owes Eskom nothing

The construction and engineering group sold out of a joint venture that was working on the Kusile power station in 2017.

Pan African cuts debt as production rises

Pan African cuts debt as production rises

At current rand gold prices and guided production levels, the gold producer expects to be debt free within the next year.

Quantum reveals mystery buyer

Quantum reveals mystery buyer

Luxembourg-based investment fund Silverlands is seen as a long-term investor.

Zeder uses Quantum proceeds for share buy backs

Zeder uses Quantum proceeds for share buy backs

The investment group sold its stake in the poultry and eggs group as it reshapes its portfolio and looks for new investment opportunities.

Liberty Two Degrees to cut portfolio value

Liberty Two Degrees to cut portfolio value

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

Growthpoint warns of lower payouts

Growthpoint warns of lower payouts

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

Aspen fined following UK pharma probe

Aspen fined following UK pharma probe

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

Tharisa reports a strong quarter despite Covid-19

Tharisa reports a strong quarter despite Covid-19

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

Renergen prepares for first drill

Renergen prepares for first drill

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

Quantum insiders snap up shares

Quantum insiders snap up shares

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

Steinhoff sells Conforama France for nominal sum

Steinhoff sells Conforama France for nominal sum

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

PSV prepares to present plan to creditors

PSV prepares to present plan to creditors

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

Taste about to morph into Luxe

Taste about to morph into Luxe

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

Stefanutti slumps on Eskom payment claims

Stefanutti slumps on Eskom payment claims

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

Mystery buyers ruffle Quantum's feathers

Mystery buyers ruffle Quantum's feathers

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

Omnia restructuring pays off

Omnia restructuring pays off

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

Massmart to slash jobs at Game

Massmart to slash jobs at Game

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

RDI encouraged by trading as restrictions ease

RDI encouraged by trading as restrictions ease

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

Afrox warns of lower earnings due to Covid-19

Afrox warns of lower earnings due to Covid-19

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

Santam defends Covid-19 claims position

Santam defends Covid-19 claims position

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

Tongaat not giving up on starch sale

Tongaat not giving up on starch sale

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

Blue Label expects better earnings despite WiConnect closure

Blue Label expects better earnings despite WiConnect closure

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

Crookes Brothers disappointed with performance

Crookes Brothers disappointed with performance

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

PBT Group flags higher earnings

PBT Group flags higher earnings

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

NEPI takes another stab at office sale

NEPI takes another stab at office sale

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

Capital & Regional says tenants remain in arrears

Capital & Regional says tenants remain in arrears

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

Grit sticks to dividend as rent comes in

Grit sticks to dividend as rent comes in

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

Old Mutual makes Williamson CEO after bruising battle with Moyo

Old Mutual makes Williamson CEO after bruising battle with Moyo

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

Capitec impairments soar on Covid-19

Capitec impairments soar on Covid-19

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

Homechoice cancels dividend as earnings decline

Homechoice cancels dividend as earnings decline

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

Grand Parade loses at the slots

Grand Parade loses at the slots

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

Novus prepares investors for a loss

Novus prepares investors for a loss

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

Pan African aims for more US investors

Pan African aims for more US investors

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

Northam beats Zambezi target

Northam beats Zambezi target

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

Stadio grows enrolments despite Covid-19

Stadio grows enrolments despite Covid-19

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

Long4Life warns of a first-half loss

Long4Life warns of a first-half loss

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

JSE fines Tongaat for fraudulent accounts

JSE fines Tongaat for fraudulent accounts

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

Steinhoff whacked with advisory fees

Steinhoff whacked with advisory fees

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

ELB offers a premium as it prepares to delist

ELB offers a premium as it prepares to delist

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

Sasol steps up asset disposals

Sasol steps up asset disposals

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

Vukile plays it safe with final dividend

Vukile plays it safe with final dividend

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

Barloworld to shed more jobs due to Covid-19

Barloworld to shed more jobs due to Covid-19

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

Distell is in better spirits

Distell is in better spirits

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

Resilient says shoppers have changed their approach

Resilient says shoppers have changed their approach

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

Attacq scraps dividend due to debt deal

Attacq scraps dividend due to debt deal

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

Naspers and Prosus ride the online trend

Naspers and Prosus ride the online trend

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

Adcorp weighs up Australian presence

Adcorp weighs up Australian presence

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

Rebosis expects more retail casualties

Rebosis expects more retail casualties

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

EPP mulling an interim dividend

EPP mulling an interim dividend

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

CSG flags a full-year loss

CSG flags a full-year loss

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

Grand Parade flips its head office

Grand Parade flips its head office

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

Sun International cries foul over IPS plan

Sun International cries foul over IPS plan

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

Hulamin prepares for tougher times

Hulamin prepares for tougher times

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

intu administration for shopping centre owner

intu administration for shopping centre owner

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

JSE gets Covid-19 boost

JSE gets Covid-19 boost

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

KAP to take a Covid-19 klap

KAP to take a Covid-19 klap

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

Sun International brushes potential bid aside

Sun International brushes potential bid aside

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

Mr Price positioned for online growth

Mr Price positioned for online growth

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

Snacks and drinks sate AVI during lockdown

Snacks and drinks sate AVI during lockdown

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

Hudaco optimistic about a better second half

Hudaco optimistic about a better second half

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

Sweeter tidings from Tongaat

Sweeter tidings from Tongaat

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

Ball takes executive roll at PPC

Ball takes executive roll at PPC

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

Schroder trims dividend as a safeguard

Schroder trims dividend as a safeguard

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

Sun International plans rights issue

Sun International plans rights issue

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

Implats’ ramp-up beats expectations

Implats’ ramp-up beats expectations

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

Brait's value topples due to Covid-19

Brait's value topples due to Covid-19

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

intu puts administrators on standby

intu puts administrators on standby

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

Sasol's Lake Charles on the cusp of completion

Sasol's Lake Charles on the cusp of completion

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

Peregrine says volatility is likely to continue

Peregrine says volatility is likely to continue

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

Mpact warns of Covid-19 earnings impact

Mpact warns of Covid-19 earnings impact

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

CMH cuts its cloth to fit new Covid-19 reality

CMH cuts its cloth to fit new Covid-19 reality

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

Pepkor plans R2 billion bookbuild

Pepkor plans R2 billion bookbuild

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

City Lodge plans R1.2 billion rights issue

City Lodge plans R1.2 billion rights issue

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

Switzerland joins Glencore probe

Switzerland joins Glencore probe

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

Omnia rallies on profit turnaround

Omnia rallies on profit turnaround

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

Telkom disconnects dividends for now

Telkom disconnects dividends for now

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

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

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

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

Growthpoint says the worst may be behind it

Growthpoint says the worst may be behind it

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

Covid-19 puts the brakes on Motus

Covid-19 puts the brakes on Motus

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

Hulamin warns of wider losses

Hulamin warns of wider losses

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

Merafe and Glencore to lay off workers

Merafe and Glencore to lay off workers

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

Basil Read rescue process hindered by Covid-19

Basil Read rescue process hindered by Covid-19

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

Telkom rallies ahead of results

Telkom rallies ahead of results

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

TFG fashions cash call due to ongoing uncertainty

TFG fashions cash call due to ongoing uncertainty

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

Jobs at risk as Sasol unveils new look

Jobs at risk as Sasol unveils new look

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

AMSA plans large scale restructuring

AMSA plans large scale restructuring

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

Curro plans rights issue as it eyes opportunities

Curro plans rights issue as it eyes opportunities

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

Naspers warns of lower earnings following Prosus unbundling

Naspers warns of lower earnings following Prosus unbundling

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

Implats declines Waterberg option

Implats declines Waterberg option

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

HCI hit by Covid-19-related impairments

HCI hit by Covid-19-related impairments

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

Massmart suffers alcohol-free hangover

Massmart suffers alcohol-free hangover

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

Italtile sales dented by Covid-19

Italtile sales dented by Covid-19

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

Tongaat to reduce debt with eSwatini sale

Tongaat to reduce debt with eSwatini sale

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

Aspen and Ascendis climb on dexamethasone trials

Aspen and Ascendis climb on dexamethasone trials

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

Wescoal flags full-year loss

Wescoal flags full-year loss

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

Discovery sets billions aside for Covid-19

Discovery sets billions aside for Covid-19

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

Bidcorp sees quicker recovery

Bidcorp sees quicker recovery

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

Telkom to ring up lower earnings

Telkom to ring up lower earnings

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

Zeder sells Quantum stake to Country Bird

Zeder sells Quantum stake to Country Bird

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

Delta holds back on dividend due to Covid-19

Delta holds back on dividend due to Covid-19

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

Value Group resilient in the face of Covid-19

Value Group resilient in the face of Covid-19

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

Barloworld to report a loss due to Covid-19

Barloworld to report a loss due to Covid-19

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

Stenprop sees opportunities in Covid-19 environment

Stenprop sees opportunities in Covid-19 environment

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

City Lodge secures more debt to help it through the crisis

City Lodge secures more debt to help it through the crisis

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

Castleview hopes residential uptake will increase footfall

Castleview hopes residential uptake will increase footfall

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

Zarclear hit by Covid-19 market volatility

Zarclear hit by Covid-19 market volatility

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

Harmony gets the green light to raise $200 million

Harmony gets the green light to raise $200 million

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

Covid-19 hinders Metrofile takeover

Covid-19 hinders Metrofile takeover

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

Investec Property Fund exits Australia fund

Investec Property Fund exits Australia fund

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

Grit may delist from JSE

Grit may delist from JSE

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

Sygnia expects market volatility to continue

Sygnia expects market volatility to continue

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

Shoppers return to Hyprop’s malls

Shoppers return to Hyprop’s malls

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

Amplats converter unit almost fixed

Amplats converter unit almost fixed

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

Sanlam strikes a cautious tone due to Covid-19

Sanlam strikes a cautious tone due to Covid-19

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

EOH rallies on positive update

EOH rallies on positive update

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

Steinhoff says impact of Covid-19 will be material

Steinhoff says impact of Covid-19 will be material

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

Libstar grows retail sales as restaurants remain shuttered

Libstar grows retail sales as restaurants remain shuttered

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

Chips are down for Tsogo Sun Gaming

Chips are down for Tsogo Sun Gaming

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

Life Healthcare targeted in cyber attack

Life Healthcare targeted in cyber attack

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

Arrowhead expands disposal programme due to Covid-19

Arrowhead expands disposal programme due to Covid-19

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

Capital light Alexander Forbes pays a special dividend

Capital light Alexander Forbes pays a special dividend

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

Ascendis buys time to clean up balance sheet

Ascendis buys time to clean up balance sheet

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

Takeaway hiatus hurts RCL

Takeaway hiatus hurts RCL

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

Brait sells Iceland back to founder

Brait sells Iceland back to founder

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

Sasfin says rising impairments will affect earnings

Sasfin says rising impairments will affect earnings

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

Rate cuts boost interest in Fortress disposals

Rate cuts boost interest in Fortress disposals

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

NEPI Rockcastle welcomes more customers

NEPI Rockcastle welcomes more customers

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

Metair clinches big Ford contracts

Metair clinches big Ford contracts

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

MultiChoice to report strong turnaround

MultiChoice to report strong turnaround

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

Ecsponent subsidiary loses its licence

Ecsponent subsidiary loses its licence

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

Oceana defers dividend despite steady earnings catch

Oceana defers dividend despite steady earnings catch

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

FirstRand prepares for rising impairments

FirstRand prepares for rising impairments

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

Tongaat and Barloworld still at odd over starch deal

Tongaat and Barloworld still at odd over starch deal

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

Tower brings in more rent

Tower brings in more rent

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

WBHO attracts interest Down Under

WBHO attracts interest Down Under

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

Santam raises provisions for Covid-19 claims

Santam raises provisions for Covid-19 claims

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

Amplats recloses processing plant

Amplats recloses processing plant

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

CEO to stay on at SA Corporate

CEO to stay on at SA Corporate

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

Grit revises guidance due to Covid-19

Grit revises guidance due to Covid-19

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

Mediclinic’s loss doubles due to writedowns

Mediclinic’s loss doubles due to writedowns

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

Covid-19 wipes out Imperial’s restructuring gains

Covid-19 wipes out Imperial’s restructuring gains

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

Comair descends into an annual loss

Comair descends into an annual loss

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

intu expects big drop in rent collection

intu expects big drop in rent collection

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

Standard Bank warns of Covid-19 impact

Standard Bank warns of Covid-19 impact

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

Bidvest's businesses on review due to virus

Bidvest's businesses on review due to virus

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

Sirius declares dividend despite Covid-19

Sirius declares dividend despite Covid-19

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

Capco grows its West End presence

Capco grows its West End presence

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

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

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

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

Capital Appreciation grows dividend after strong year

Capital Appreciation grows dividend after strong year

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

Nampak toasts the reopening of bottle stores

Nampak toasts the reopening of bottle stores

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

Raubex hopeful about new road projects

Raubex hopeful about new road projects

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

Capitec flags rare earnings decline

Capitec flags rare earnings decline

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

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

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

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

Tsogo Sun hit as virus leaves beds empty

Tsogo Sun hit as virus leaves beds empty

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

Mr Price not shopping for Jet

Mr Price not shopping for Jet

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

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

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

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

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

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

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

MiX Telematics prepares for tougher year ahead

MiX Telematics prepares for tougher year ahead

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

Woolworths cushioned by strong food sales as clothing plummets

Woolworths cushioned by strong food sales as clothing plummets

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

Pepkor withholds dividend as sales decline

Pepkor withholds dividend as sales decline

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

Datatec lifted by Westcon turnaround

Datatec lifted by Westcon turnaround

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

Arrowhead postpones dividend decision

Arrowhead postpones dividend decision

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

PSG to unbundle most of its Capitec stake

PSG to unbundle most of its Capitec stake

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

ADvTECH falls behind on school fees

ADvTECH falls behind on school fees

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

Orion Minerals advances with Prieska project

Orion Minerals advances with Prieska project

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

Covid-19 deters Famous Brands from dishing up a dividend

Covid-19 deters Famous Brands from dishing up a dividend

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

Coronation sticks with dividend

Coronation sticks with dividend

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

Afrimat makes a play for Unicorn

Afrimat makes a play for Unicorn

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

Absa says bad debts have doubled

Absa says bad debts have doubled

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

Exemplar beats distribution guidance

Exemplar beats distribution guidance

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

Netcare suspends dividend as Covid-19 impacts operations

Netcare suspends dividend as Covid-19 impacts operations

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

Tiger Brands warns of prolonged downturn

Tiger Brands warns of prolonged downturn

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

Murray optimistic despite short-term constraints

Murray optimistic despite short-term constraints

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

EPP revokes dividend due to Covid-19

EPP revokes dividend due to Covid-19

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

Vunani flags lower earnings

Vunani flags lower earnings

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

Nampak prepares to unpack an interim loss

Nampak prepares to unpack an interim loss

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

Truworths says a divided is unlikely as Office weighs on earnings

Truworths says a divided is unlikely as Office weighs on earnings

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

Hulisani warns of wider losses

Hulisani warns of wider losses

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

Atlantic Leaf agrees buyout as property sector struggles

Atlantic Leaf agrees buyout as property sector struggles

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

Nedbank calculates initial Covid-19 impact

Nedbank calculates initial Covid-19 impact

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

Sasol slides on Covid-19, oil impact

Sasol slides on Covid-19, oil impact

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

Tsogo Sun in a spin over Covid-19

Tsogo Sun in a spin over Covid-19

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

Investec counts the cost of Covid-19

Investec counts the cost of Covid-19

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

SPAR held back by Polish losses

SPAR held back by Polish losses

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

Afrimat well positioned for economic rebuild

Afrimat well positioned for economic rebuild

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

Quantum’s earnings crack on lower egg prices

Quantum’s earnings crack on lower egg prices

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

Hudaco prepares investors for no dividend

Hudaco prepares investors for no dividend

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

 Dis-Chem holds back on dispensing dividend

Dis-Chem holds back on dispensing dividend

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

Investec Property Fund benefits from offshore focus

Investec Property Fund benefits from offshore focus

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

Impairments hit Tiger Brands’ earnings

Impairments hit Tiger Brands’ earnings

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

Ninety One hampered by Covid-19

Ninety One hampered by Covid-19

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

Esor to delist next month

Esor to delist next month

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

enX earnings skewed by failed Bidvest deal

enX earnings skewed by failed Bidvest deal

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

Mr Price prepares to go shopping

Mr Price prepares to go shopping

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

Rhodes benefits from stockpiling

Rhodes benefits from stockpiling

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

Richemont bulks up balance sheet with bond sales

Richemont bulks up balance sheet with bond sales

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

Santova holds dividend due to global trade uncertainty

Santova holds dividend due to global trade uncertainty

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

Jubilee relocates plant to boost earnings

Jubilee relocates plant to boost earnings

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

Texton continues with disposals

Texton continues with disposals

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

Stor-Age sees demand returning

Stor-Age sees demand returning

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

Astral chickens out of dividend

Astral chickens out of dividend

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

Balwin holds off on dividend

Balwin holds off on dividend

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

Calgro M3 in better shape to weather Covid-19

Calgro M3 in better shape to weather Covid-19

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

Lockdown puts pressure on Massmart’s sales

Lockdown puts pressure on Massmart’s sales

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

intu seeks standstill as it risks covenant breaches

intu seeks standstill as it risks covenant breaches

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

Old Mutual Announces Digital AGM

Old Mutual Announces Digital AGM

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

Sobering update from Distell

Sobering update from Distell

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

Dis-Chem adds Baby City to its basket

Dis-Chem adds Baby City to its basket

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

Aspen sticks to profit outlook

Aspen sticks to profit outlook

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

Richemont cuts dividend as Covid-19 hits sales

Richemont cuts dividend as Covid-19 hits sales

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

Virus holds back SPAR’s Polish acquisition

Virus holds back SPAR’s Polish acquisition

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

Foschini warns of leaner times

Foschini warns of leaner times

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

Liberty prepared for volatile year

Liberty prepared for volatile year

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

Long4Life well-placed to weather Covid-19

Long4Life well-placed to weather Covid-19

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

Altron trims dividend to preserve cash

Altron trims dividend to preserve cash

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

MTN prepares for tougher conditions

MTN prepares for tougher conditions

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

Spear withholds 2021 guidance

Spear withholds 2021 guidance

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

Brait expects short-term earnings hit

Brait expects short-term earnings hit

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

Transaction Capital brakes on its dividend

Transaction Capital brakes on its dividend

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

Cartrack rallies on full-year dividend

Cartrack rallies on full-year dividend

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

Spur opens for deliveries

Spur opens for deliveries

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

Delta reviews its distribution policy

Delta reviews its distribution policy

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

Kore Potash says study confirms DX project's viability

Kore Potash says study confirms DX project's viability

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

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

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

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

Afrimat ramps up its operations

Afrimat ramps up its operations

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

Tongaat starch sale hangs in the balance

Tongaat starch sale hangs in the balance

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

Sibanye-Stillwater in the pound seats

Sibanye-Stillwater in the pound seats

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

Calgro flags a recovery

Calgro flags a recovery

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

Price cuts boost data traffic at Vodacom

Price cuts boost data traffic at Vodacom

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

Life Healthcare counts the cost of Covid-19

Life Healthcare counts the cost of Covid-19

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

AngloGold Ashanti shines on higher gold price

AngloGold Ashanti shines on higher gold price

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

Group Five to delist next month

Group Five to delist next month

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

RDI holds back dividend due to Covid-19

RDI holds back dividend due to Covid-19

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

S&P downgrades SA banks

S&P downgrades SA banks

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

Merafe resumes limited operations

Merafe resumes limited operations

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

Phumelela limps into business rescue

Phumelela limps into business rescue

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

Adcorp warns of full-year loss

Adcorp warns of full-year loss

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

Resilient sticks to dividend policy

Resilient sticks to dividend policy

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

Labat Africa places fuel operation into business rescue

Labat Africa places fuel operation into business rescue

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

Dissolving pulp out of fashion for Sappi

Dissolving pulp out of fashion for Sappi

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

AB InBev loses froth over Covid-19

AB InBev loses froth over Covid-19

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

Kaap Agri prepares for continued volatility

Kaap Agri prepares for continued volatility

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

DRDGOLD dips into its stockpile as output declines

DRDGOLD dips into its stockpile as output declines

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

Premier Fishing’s exports under pressure

Premier Fishing’s exports under pressure

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

Investec Australia Property Fund cautious after a fruitful year

Investec Australia Property Fund cautious after a fruitful year

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

Higher gold price cushions Harmony

Higher gold price cushions Harmony

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

Fairvest withdraws distribution guidance

Fairvest withdraws distribution guidance

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

NEPI Rockcastle welcomes back shoppers

NEPI Rockcastle welcomes back shoppers

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

Anchor grows assets in volatile environment

Anchor grows assets in volatile environment

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

Stenprop makes progress on rent collections

Stenprop makes progress on rent collections

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

enX sale to Bidvest falls through

enX sale to Bidvest falls through

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

Amplats ramps up processing plant

Amplats ramps up processing plant

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

Telkom delays results due to Covid-19

Telkom delays results due to Covid-19

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

Comair descends into business rescue

Comair descends into business rescue

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

Equites benefits from strong tenant base

Equites benefits from strong tenant base

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

Famous Brands dubious about home delivery

Famous Brands dubious about home delivery

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

Phumelela faces possible liquidation

Phumelela faces possible liquidation

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

Redefine cautious as fundamentals deteriorate

Redefine cautious as fundamentals deteriorate

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

Imperial offloads European shipping business

Imperial offloads European shipping business

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

Equites holds fire on Pepkor warehouse

Equites holds fire on Pepkor warehouse

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

BAT smouldering over tobacco ban

BAT smouldering over tobacco ban

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

Comair hits Covid-19 turbulence

Comair hits Covid-19 turbulence

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

Metrofile takeover put on ice

Metrofile takeover put on ice

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

EPP rallies as Polish centres reopen

EPP rallies as Polish centres reopen

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

PPC cements CFO position as Covid-19 bites

PPC cements CFO position as Covid-19 bites

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

RCL circular held up by postal lockdown

RCL circular held up by postal lockdown

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

PSG confirms possible Capitec unbundling

PSG confirms possible Capitec unbundling

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

Edcon to file for business rescue

Edcon to file for business rescue

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

RBPlat defers capex due to Covid-19

RBPlat defers capex due to Covid-19

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

Bell Equipment reduces salaries as it delays its results

Bell Equipment reduces salaries as it delays its results

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

MTN cautions about tougher conditions in Nigeria, Ghana

MTN cautions about tougher conditions in Nigeria, Ghana

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

Covid-19 a further blow to Labat Africa

Covid-19 a further blow to Labat Africa

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

Gemfields delisting from Bermuda

Gemfields delisting from Bermuda

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

Atlantic Leaf maintains strong tenant base

Atlantic Leaf maintains strong tenant base

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

Hudaco prepares for A2X listing

Hudaco prepares for A2X listing

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

Kore Potash makes progress with Dougou project

Kore Potash makes progress with Dougou project

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

FirstRand gets more gloomy

FirstRand gets more gloomy

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

MC Mining pushing ahead with Makhado funding

MC Mining pushing ahead with Makhado funding

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

Wesizwe flags a full-year profit

Wesizwe flags a full-year profit

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

Trematon positioned to weather Covid-19

Trematon positioned to weather Covid-19

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

Merafe reports output decline as production stops

Merafe reports output decline as production stops

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

PSG cuts dividend as Capitec saves cash

PSG cuts dividend as Capitec saves cash

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

Clicks maintains health during lockdown

Clicks maintains health during lockdown

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

Anglo cuts its cloth to fit Covid-19 curtailment

Anglo cuts its cloth to fit Covid-19 curtailment

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

Sasol targets salaries as Covid-19 grips

Sasol targets salaries as Covid-19 grips

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

Lockdown adds pressure to Cashbuild’s sales

Lockdown adds pressure to Cashbuild’s sales

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

Octodec withholds dividend amid uncertainty

Octodec withholds dividend amid uncertainty

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

Gemfields steps up security to protect its gems

Gemfields steps up security to protect its gems

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

Nu-World cushioned by offshore businesses

Nu-World cushioned by offshore businesses

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

Standard Bank prepares for worse bad debt

Standard Bank prepares for worse bad debt

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

KAP warns a dividend is unlikely as it cuts salaries

KAP warns a dividend is unlikely as it cuts salaries

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

Liberty open for business - from home

Liberty open for business - from home

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

BHP maintains guidance despite Covid-19 setback

BHP maintains guidance despite Covid-19 setback

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

Sasol slides as oil prices turn negative

Sasol slides as oil prices turn negative

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

Quilter to proceed with dividend payout

Quilter to proceed with dividend payout

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

Stenprop says its properties remain in demand

Stenprop says its properties remain in demand

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

Eskom serves force majeure letters on Wescoal

Eskom serves force majeure letters on Wescoal

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

EOH speeds up disposals due to Covid-19

EOH speeds up disposals due to Covid-19

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

Life Healthcare preps for pandemic

Life Healthcare preps for pandemic

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

Pandemic reins in horse racing

Pandemic reins in horse racing

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

Steinhoff reports deteriorating conditions

Steinhoff reports deteriorating conditions

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

South32 on track despite Covid-32 impact

South32 on track despite Covid-32 impact

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

Harmony set to restart local production

Harmony set to restart local production

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

Exxaro questions Eskom's force majeure

Exxaro questions Eskom's force majeure

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

Ecsponent plans pref share restructure

Ecsponent plans pref share restructure

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

Murray and Roberts warns of Covid-19 hit

Murray and Roberts warns of Covid-19 hit

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

Implats exec arrested as workers return

Implats exec arrested as workers return

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

Road ahead uncertain as Zeder recovers

Road ahead uncertain as Zeder recovers

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

Mediclinic puts off operations to focus on pandemic

Mediclinic puts off operations to focus on pandemic

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

Hulamin keeping a close eye on its cash

Hulamin keeping a close eye on its cash

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

Truworths may exit Office: report

Truworths may exit Office: report

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

HomeChoice pulls dividend for now

HomeChoice pulls dividend for now

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

Vodacom increases capacity as demand soars

Vodacom increases capacity as demand soars

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

Ascendis finds buyer for Scitec as it accelerates disposals

Ascendis finds buyer for Scitec as it accelerates disposals

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

Tiger Brands closes Durban bakery after Covid-19 scare

Tiger Brands closes Durban bakery after Covid-19 scare

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

Schroder protected by diverse portfolio

Schroder protected by diverse portfolio

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

Net1 cancels Bank Frick option

Net1 cancels Bank Frick option

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

AngloGold Ashanti restarts most operations

AngloGold Ashanti restarts most operations

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

Datatec still mulling Brazil listing for Logicalis

Datatec still mulling Brazil listing for Logicalis

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

CMH’s profit growth stalls

CMH’s profit growth stalls

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

Banks tumble as conditions deteriorate

Banks tumble as conditions deteriorate

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

Capitec toes the SARB’s dividend line

Capitec toes the SARB’s dividend line

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

PSG Konsult raises dividend after tough year

PSG Konsult raises dividend after tough year

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

Momentum Metropolitan buys Alex Forbes’ Namibian business

Momentum Metropolitan buys Alex Forbes’ Namibian business

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

Sirius collects most of its rent despite Covid-19

Sirius collects most of its rent despite Covid-19

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

The Week Ahead

The Week Ahead

The coronavirus curves appear to be flattening.

Safari’s tenants withhold rent due to lockdown

Safari’s tenants withhold rent due to lockdown

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

Afrimat gets boost from iron ore production

Afrimat gets boost from iron ore production

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

Zeder primes investors for higher earnings

Zeder primes investors for higher earnings

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

Mondi pulls dividend due to Covid-19 uncertainty

Mondi pulls dividend due to Covid-19 uncertainty

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

Standard Bank to proceed with dividend payment

Standard Bank to proceed with dividend payment

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

Sasol cuts output as motorists stay home

Sasol cuts output as motorists stay home

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

Tiger Brands mulls an interim dividend

Tiger Brands mulls an interim dividend

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

Ascendis steps into the Covid-19 breach

Ascendis steps into the Covid-19 breach

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

Naspers and Prosus have the resources to endure Covid-19

Naspers and Prosus have the resources to endure Covid-19

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

Covid-19 increases pressure on Stefanutti

Covid-19 increases pressure on Stefanutti

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

Octodec withdraws dividend guidance

Octodec withdraws dividend guidance

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

Banks urged to hold back on divs, bonuses

Banks urged to hold back on divs, bonuses

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

Imperial protected by critical industries

Imperial protected by critical industries

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

EOH cuts salaries to ride out Covid-19

EOH cuts salaries to ride out Covid-19

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

RDI confident despite tenant arrears

RDI confident despite tenant arrears

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

Woolies execs agree to pay cut for staff

Woolies execs agree to pay cut for staff

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

Gemfields’ auctions grind to a halt after a record year

Gemfields’ auctions grind to a halt after a record year

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

Grindrod hampered as trade corridors close

Grindrod hampered as trade corridors close

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

ELB Engineering Services enters business rescue

ELB Engineering Services enters business rescue

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

Comair grounds Star Air deal

Comair grounds Star Air deal

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

Chips are down for Famous Brands

Chips are down for Famous Brands

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

AfroCentric shielded from lockdown conditions

AfroCentric shielded from lockdown conditions

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

EOH warns of Covid-19 risks

EOH warns of Covid-19 risks

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

Hamstrung AMSA declares force majeure

Hamstrung AMSA declares force majeure

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

EasyEquities turns profitable for Purple Group

EasyEquities turns profitable for Purple Group

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

ARM to resume some operations

ARM to resume some operations

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

Cheap eggs hit Quantum's earnings

Cheap eggs hit Quantum's earnings

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

Altron considers listing Bytes

Altron considers listing Bytes

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

Famous Brands writes off UK burger chain

Famous Brands writes off UK burger chain

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

Libstar postpones dividend to preserve cash

Libstar postpones dividend to preserve cash

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

Moody’s downgrades SA banks to junk

Moody’s downgrades SA banks to junk

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

Afrimat to keep producing iron ore

Afrimat to keep producing iron ore

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

York battles against cheap imports

York battles against cheap imports

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

Zeder announces Pioneer windfall

Zeder announces Pioneer windfall

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

Attacq withdraws dividend guidance as it works with tenants

Attacq withdraws dividend guidance as it works with tenants

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

Net1 says fee income will come under pressure

Net1 says fee income will come under pressure

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

Sasol guards against ongoing volatility

Sasol guards against ongoing volatility

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

Sanlam lines up new leadership

Sanlam lines up new leadership

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

Covid-19 adds to Workforce’s challenges

Covid-19 adds to Workforce’s challenges

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

RMH assessing optimal timing for FirstRand unbundling

RMH assessing optimal timing for FirstRand unbundling

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

Harmony shuts underground mines

Harmony shuts underground mines

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

Capital & Regional’s tenants behind on their rent

Capital & Regional’s tenants behind on their rent

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

What does COVID-19 mean for your personal finances?

What does COVID-19 mean for your personal finances?

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

Barloworld hunkers down for the long haul

Barloworld hunkers down for the long haul

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

Metair postpones dividend as it warns of lower earnings

Metair postpones dividend as it warns of lower earnings

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

Nampak gets temporary relief from weak rand

Nampak gets temporary relief from weak rand

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

Sappi reports falling demand due to Covid-19

Sappi reports falling demand due to Covid-19

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

Insurers prepare for Covid-19 claims

Insurers prepare for Covid-19 claims

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

EasyEquities sees demand for beaten-down shares

EasyEquities sees demand for beaten-down shares

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

Exxaro to help keep the lights on

Exxaro to help keep the lights on

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

Anglo revises guidance on scaled-back operations

Anglo revises guidance on scaled-back operations

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

South32 cuts back on spending due to Covid-19 uncertainty

South32 cuts back on spending due to Covid-19 uncertainty

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

Macozoma to take the chair at Vodacom

Macozoma to take the chair at Vodacom

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

Resilient withdraws dividend guidance

Resilient withdraws dividend guidance

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

Mediclinic lines up new chair

Mediclinic lines up new chair

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

Distell ready for alcohol-free lockdown

Distell ready for alcohol-free lockdown

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

intu in talks with banks as tenants withhold rent

intu in talks with banks as tenants withhold rent

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

Capco halts share buybacks due to Covid-19

Capco halts share buybacks due to Covid-19

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

Afrimat to suspend most operations

Afrimat to suspend most operations

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

Growthpoint going ahead with dividend payment

Growthpoint going ahead with dividend payment

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

Mr Price prepares for lockdown sales knock

Mr Price prepares for lockdown sales knock

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

Sirius getting fewer tenant enquiries

Sirius getting fewer tenant enquiries

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

WBHO withdraws dividend

WBHO withdraws dividend

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

Wescoal to maintain coal production

Wescoal to maintain coal production

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

Exxaro brings coal to A2X

Exxaro brings coal to A2X

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

Vivo Energy taking precautions

Vivo Energy taking precautions

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

Emira withdraws dividend guidance

Emira withdraws dividend guidance

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

Sasfin still in talks with Arise

Sasfin still in talks with Arise

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

Sibanye-Stillwater likely to miss guidance

Sibanye-Stillwater likely to miss guidance

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

Sappi declares force majeure at Saiccor Mill

Sappi declares force majeure at Saiccor Mill

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

Miners seek clarity on Covid-19 lockdown

Miners seek clarity on Covid-19 lockdown

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

Master Drilling benefits from diversification

Master Drilling benefits from diversification

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

Brait likely to take a hit from coronavirus

Brait likely to take a hit from coronavirus

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

Hotel and casino operators close shop

Hotel and casino operators close shop

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

Dividends postponed as companies conserve cash

Dividends postponed as companies conserve cash

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

Banks ready to assist customers

Banks ready to assist customers

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

Famous Brands restricted by Covid-19 rules

Famous Brands restricted by Covid-19 rules

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

Rhodes reports rising demand for tinned goods

Rhodes reports rising demand for tinned goods

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

Dividends on hold as companies batten down the hatches

Dividends on hold as companies batten down the hatches

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

ADvTECH defers dividend as pandemic spreads

ADvTECH defers dividend as pandemic spreads

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

Alexander Forbes halts Mercer share buybacks

Alexander Forbes halts Mercer share buybacks

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

New focus pays off for Grand Parade

New focus pays off for Grand Parade

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

MTN slashes data prices in CompCom deal

MTN slashes data prices in CompCom deal

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

Covid-19 adds to Investec’s challenges

Covid-19 adds to Investec’s challenges

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

Datatec benefits from more home workers

Datatec benefits from more home workers

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

Steinhoff sales impacted by Covid-19

Steinhoff sales impacted by Covid-19

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

AngloGold closes Argentine mine due to Covid-19

AngloGold closes Argentine mine due to Covid-19

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

Amplats counts the cost of plant repairs

Amplats counts the cost of plant repairs

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

Rain buoys ARC

Rain buoys ARC

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

Capitec moves to calm investors

Capitec moves to calm investors

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

EOH cuts losses as restructuring progresses

EOH cuts losses as restructuring progresses

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

Sasfin ready to deal with Covid-19 fallout

Sasfin ready to deal with Covid-19 fallout

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

Metair prepared for Covid-19

Metair prepared for Covid-19

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

Libstar dishes up higher earnings

Libstar dishes up higher earnings

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

Balwin says residential demand remains strong

Balwin says residential demand remains strong

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

PPC sees signs of stabilising volumes

PPC sees signs of stabilising volumes

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

TeleMasters flags higher earnings

TeleMasters flags higher earnings

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

Unicorn warns of steeper losses

Unicorn warns of steeper losses

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

Remgro calls for coordinated Covid-19 action

Remgro calls for coordinated Covid-19 action

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

Sasol mulls cash call to deal with fallout

Sasol mulls cash call to deal with fallout

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

Anglo wraps up Sirius acquisition

Anglo wraps up Sirius acquisition

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

Vodacom prepares for more home workers

Vodacom prepares for more home workers

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

Sibanye steps in with Marikana processing

Sibanye steps in with Marikana processing

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

Sun International shuts Latam operations

Sun International shuts Latam operations

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

Ninety One lists in volatile market

Ninety One lists in volatile market

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

Taste liquidates Domino’s after failing to find a buyer

Taste liquidates Domino’s after failing to find a buyer

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

Old Mutual warns of growing risks

Old Mutual warns of growing risks

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

Bell Equipment warns of earnings slump

Bell Equipment warns of earnings slump

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

Omnia hit by cyberattack

Omnia hit by cyberattack

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

Shopping mall owners warn about Covid-19 fallout

Shopping mall owners warn about Covid-19 fallout

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

Indluplace reduces vacancies in tough environment

Indluplace reduces vacancies in tough environment

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

Peregrine rallies on private equity offer

Peregrine rallies on private equity offer

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

MC Mining’s losses widen on weaker coal prices

MC Mining’s losses widen on weaker coal prices

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

AfroCentric boosted by acquisitions

AfroCentric boosted by acquisitions

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

Telkom hit by retrenchment costs

Telkom hit by retrenchment costs

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

Sanlam buffeted by headwinds

Sanlam buffeted by headwinds

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

Exxaro reducing coal exposure

Exxaro reducing coal exposure

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

intu warns it could go bust

intu warns it could go bust

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

Sasol caught up in market turmoil

Sasol caught up in market turmoil

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

Investec scraps Ninety One stock sale

Investec scraps Ninety One stock sale

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

MTN boosted by operations outside SA

MTN boosted by operations outside SA

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

Absa banks on Africa regions as local growth dwindles

Absa banks on Africa regions as local growth dwindles

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

Ascendis battens down the hatches

Ascendis battens down the hatches

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

Growthpoint warns of flat 2020 dividend

Growthpoint warns of flat 2020 dividend

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

Quilter plans odd-lot offer

Quilter plans odd-lot offer

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

Pepkor warns of COVID-19 stock shortage

Pepkor warns of COVID-19 stock shortage

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

FirstRand warns of weaker growth

FirstRand warns of weaker growth

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

Vodacom reaches social pact with CompCom

Vodacom reaches social pact with CompCom

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

Texton trims debt in challenging environment

Texton trims debt in challenging environment

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

Transaction Capital maintains momentum

Transaction Capital maintains momentum

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

Brimstone opts for capitalisation to conserve cash

Brimstone opts for capitalisation to conserve cash

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

Tough first half for AVI

Tough first half for AVI

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

Merafe underwhelmed with its results

Merafe underwhelmed with its results

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

Trellidor trims dividend as weak economy bites

Trellidor trims dividend as weak economy bites

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

Metrofile increases dividend ahead of takeover

Metrofile increases dividend ahead of takeover

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

Amid the market mayhem, Assore to delist

Amid the market mayhem, Assore to delist

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

Moody’s cuts Sasol to junk on rising debt

Moody’s cuts Sasol to junk on rising debt

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

Sanlam warns profit could fall by a quarter

Sanlam warns profit could fall by a quarter

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

Capitec primes shareholders for higher earnings

Capitec primes shareholders for higher earnings

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

Amplats declares force majeure

Amplats declares force majeure

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

Pioneer on track for delisting

Pioneer on track for delisting

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

Standard Bank stifled by economic malaise

Standard Bank stifled by economic malaise

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

Momentum Metropolitan gains traction

Momentum Metropolitan gains traction

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

STADIO beats prelisting forecasts

STADIO beats prelisting forecasts

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

Santam affected by rising catastrophe claims

Santam affected by rising catastrophe claims

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

Aspen keeping a watch on COVID-19

Aspen keeping a watch on COVID-19

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

intu ditches cash call on extreme conditions

intu ditches cash call on extreme conditions

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

Mpact trims dividend after tough year

Mpact trims dividend after tough year

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

Afrox lifted by healthcare deal

Afrox lifted by healthcare deal

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

Grindrod’s new focus yields results

Grindrod’s new focus yields results

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

Murray’s plan falls into place as orders roll in

Murray’s plan falls into place as orders roll in

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

Adapt IT rallies as it halts acquisitions

Adapt IT rallies as it halts acquisitions

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

WBHO resumes dividend despite more provisions

WBHO resumes dividend despite more provisions

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

Cashbuild maintains dividend despite tough trading

Cashbuild maintains dividend despite tough trading

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

Attacq pays higher dividend

Attacq pays higher dividend

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

RBPlat delivers record results

RBPlat delivers record results

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

Delta and Rebosis fail to agree on merger

Delta and Rebosis fail to agree on merger

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

Nedbank misses targets as recession bites

Nedbank misses targets as recession bites

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

Bidvest still on the lookout for deals

Bidvest still on the lookout for deals

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

RCL’s Master Plans for sugar and chicken

RCL’s Master Plans for sugar and chicken

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

Sea Harvest reports a strong 2019 catch

Sea Harvest reports a strong 2019 catch

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

MAS Real Estate lifts dividend on strong CEE performance

MAS Real Estate lifts dividend on strong CEE performance

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

Datatec may list Logicalis business in Brazil

Datatec may list Logicalis business in Brazil

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

Cartrack attracts foreign interest

Cartrack attracts foreign interest

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

Northam buys more prefs as earnings surge

Northam buys more prefs as earnings surge

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

Diversified portfolio cushions African Rainbow

Diversified portfolio cushions African Rainbow

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

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

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

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

Tongaat sells starch unit to Barloworld

Tongaat sells starch unit to Barloworld

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

CIG makes progress under tough conditions

CIG makes progress under tough conditions

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

BAT smoulders on higher dividend

BAT smoulders on higher dividend

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

Coronavirus hits AB InBev's sales in China

Coronavirus hits AB InBev's sales in China

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

No dividend as Massmart tackles turnaround

No dividend as Massmart tackles turnaround

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

Mondi increases dividend despite a dip in earnings

Mondi increases dividend despite a dip in earnings

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

Implats reinstates dividends, saves jobs

Implats reinstates dividends, saves jobs

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

Coronavirus makes 2020 even tougher for Steinhoff

Coronavirus makes 2020 even tougher for Steinhoff

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

Grindrod Shipping says coronavirus has disrupted trading patterns

Grindrod Shipping says coronavirus has disrupted trading patterns

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

Motus steers through hazardous conditions

Motus steers through hazardous conditions

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

Comair buffeted by strong headwinds

Comair buffeted by strong headwinds

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

Capco focused on London’s West End

Capco focused on London’s West End

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

Curro marked down for weaker earnings

Curro marked down for weaker earnings

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

Shoprite brings in more high-end customers

Shoprite brings in more high-end customers

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

AECI benefits from restructuring

AECI benefits from restructuring

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

Imperial holds up under deteriorating conditions

Imperial holds up under deteriorating conditions

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

Hammerson rebases dividend on rental pressure

Hammerson rebases dividend on rental pressure

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

Libstar prepares to dish up higher earnings

Libstar prepares to dish up higher earnings

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

Market bloodbath adds to Sasol’s woes

Market bloodbath adds to Sasol’s woes

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

L2D maintains dividend in tough environment

L2D maintains dividend in tough environment

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

Tough conditions puts the brakes on Super Group

Tough conditions puts the brakes on Super Group

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

JSE maintains payout in a volatile market

JSE maintains payout in a volatile market

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

Adapt IT holds back on dividend

Adapt IT holds back on dividend

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

Blue Label flags a return to profit

Blue Label flags a return to profit

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

AngloGold shines on higher gold price

AngloGold shines on higher gold price

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

NEPI Rockcastle beats guidance with its dividend

NEPI Rockcastle beats guidance with its dividend

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

Assore hurt by weaker commodity prices

Assore hurt by weaker commodity prices

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

Aspen continues to cut debt

Aspen continues to cut debt

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

Aveng to report reduced losses

Aveng to report reduced losses

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

Tongaat sells Umhlanga land to Balwin

Tongaat sells Umhlanga land to Balwin

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

Woolies trims dividend after tough period

Woolies trims dividend after tough period

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

Truworths maintains dividend in tough environment

Truworths maintains dividend in tough environment

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

Anglo benefits from higher iron ore, platinum prices

Anglo benefits from higher iron ore, platinum prices

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

VitalityLife mars Discovery’s results

VitalityLife mars Discovery’s results

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

Amplats appoints new female CEO

Amplats appoints new female CEO

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

Stadio rallies on trading statement

Stadio rallies on trading statement

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

Grand Parade to flip its last burger

Grand Parade to flip its last burger

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

Bidcorp adds coronavirus to its challenges

Bidcorp adds coronavirus to its challenges

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

Dis-Chem claims market-share gains in constrained environment

Dis-Chem claims market-share gains in constrained environment

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

Sibanye positioned to resume dividend payouts

Sibanye positioned to resume dividend payouts

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

Emira cushioned by offshore expansion

Emira cushioned by offshore expansion

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

Comair going after SAA debt

Comair going after SAA debt

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

Coronavirus fails to derail Kumba dividend

Coronavirus fails to derail Kumba dividend

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

BHP cautious about coronavirus

BHP cautious about coronavirus

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

Pan African delivers on strategy despite obstacles

Pan African delivers on strategy despite obstacles

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

Write-downs push Glencore into a loss

Write-downs push Glencore into a loss

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

KAP Industrial pummelled by polymers

KAP Industrial pummelled by polymers

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

WBHO flags higher earnings despite Australian losses

WBHO flags higher earnings despite Australian losses

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

Merafe prepares investors for a loss

Merafe prepares investors for a loss

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

Amplats CEO to step down after record year

Amplats CEO to step down after record year

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

Bidcorp to report slowing growth

Bidcorp to report slowing growth

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

Discovery hindered by UK life business

Discovery hindered by UK life business

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

AB InBev goes broader with new BEE scheme

AB InBev goes broader with new BEE scheme

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

African Rainbow to present a mixed bag

African Rainbow to present a mixed bag

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

Mpact to report a loss after impairing mills

Mpact to report a loss after impairing mills

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

Resilient holds up as Edcon scales back

Resilient holds up as Edcon scales back

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

Sibanye continues its heady rise

Sibanye continues its heady rise

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

AECI flags a rise in profit

AECI flags a rise in profit

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

Blue Label pockets cash for disposals

Blue Label pockets cash for disposals

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

Adapt IT warns of earnings decline

Adapt IT warns of earnings decline

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

Gemfields returns to the LSE

Gemfields returns to the LSE

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

Mpact reaches settlement with CompCom

Mpact reaches settlement with CompCom

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

South32 reports lower earnings as prices decline

South32 reports lower earnings as prices decline

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

Tongaat plans starch sale

Tongaat plans starch sale

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

Italtile grows earnings in challenging environment

Italtile grows earnings in challenging environment

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

Comair hits turbulence as costs rise

Comair hits turbulence as costs rise

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

Gold Fields back in the money

Gold Fields back in the money

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

Pioneer takeover gets Commission approval

Pioneer takeover gets Commission approval

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

Harmony buys AngloGold’s last SA mine

Harmony buys AngloGold’s last SA mine

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

Tiger Brands still under pressure

Tiger Brands still under pressure

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

DRDGOLD declares dividend as profit jumps

DRDGOLD declares dividend as profit jumps

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

Barloworld monitoring coronavirus

Barloworld monitoring coronavirus

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

Harmony profits from higher gold price as output declines

Harmony profits from higher gold price as output declines

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

Ecsponent sinks as it warns of default

Ecsponent sinks as it warns of default

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

intu slumps as Link shuns recapitalisation

intu slumps as Link shuns recapitalisation

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

Investec Fund grows European logistics exposure

Investec Fund grows European logistics exposure

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

SPAR reports slower growth

SPAR reports slower growth

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

MTN to report higher earnings

MTN to report higher earnings

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

Northam flags record profit

Northam flags record profit

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

Investec shareholders back Ninety One listing

Investec shareholders back Ninety One listing

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

intu flirts with new cornerstone investor

intu flirts with new cornerstone investor

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

Super Group slowed down by tough conditions

Super Group slowed down by tough conditions

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

Brimstone takes control of Obsidian

Brimstone takes control of Obsidian

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

Workforce wraps up Chartall acquisition

Workforce wraps up Chartall acquisition

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

EOH appoints Mthembu as new chair

EOH appoints Mthembu as new chair

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

Italtile weathers the tough economy

Italtile weathers the tough economy

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

Mediclinic wins case for Klerksdorp hospital group

Mediclinic wins case for Klerksdorp hospital group

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

Net1 expects more losses as it reinvests

Net1 expects more losses as it reinvests

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

Pioneer doesn’t expect CMA to delay takeover

Pioneer doesn’t expect CMA to delay takeover

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

AMSA slumps to a loss after toughest year

AMSA slumps to a loss after toughest year

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

Implats benefits from higher PGM prices

Implats benefits from higher PGM prices

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

Gold Fields ends 2019 with a shine

Gold Fields ends 2019 with a shine

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

Higher gold price makes up for lower production at Harmony

Higher gold price makes up for lower production at Harmony

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

AVI gets a lift from Simplot sale

AVI gets a lift from Simplot sale

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

OneLogix reports lower earnings as volumes decline

OneLogix reports lower earnings as volumes decline

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

Steinhoff rally peters out

Steinhoff rally peters out

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

Sappi bogged down by weak pulp prices

Sappi bogged down by weak pulp prices

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

Ascendis on the mend

Ascendis on the mend

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

Universal Partners takes Techstream stake

Universal Partners takes Techstream stake

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

Vodacom prepares for 5G rollout

Vodacom prepares for 5G rollout

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

Invicta mulls rights issue

Invicta mulls rights issue

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

City Lodge warns of lower earnings

City Lodge warns of lower earnings

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

Glencore benefits from Katanga ramp-up

Glencore benefits from Katanga ramp-up

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

Edcon offloads CNA to Astoria

Edcon offloads CNA to Astoria

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

Tongaat slumps as trading resumes

Tongaat slumps as trading resumes

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

RBPlat settles early with Amplats

RBPlat settles early with Amplats

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

Barloworld buys Mongolian Caterpillar dealer

Barloworld buys Mongolian Caterpillar dealer

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

Orion Minerals encouraged by Australian drilling results

Orion Minerals encouraged by Australian drilling results

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

Merafe JV hit by load shedding

Merafe JV hit by load shedding

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

Sasol prepares investors for earnings fall

Sasol prepares investors for earnings fall

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

Ninety One prepares for vote

Ninety One prepares for vote

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

Tongaat sweetens results with recovery plan

Tongaat sweetens results with recovery plan

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

Hudaco calls for urgent action

Hudaco calls for urgent action

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

Momentum Metropolitan winds up Alex Forbes deal

Momentum Metropolitan winds up Alex Forbes deal

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

MC Mining CEO quits

MC Mining CEO quits

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

Sasol says Lake Charles continues to kick into gear

Sasol says Lake Charles continues to kick into gear

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

Ascendis breaks silence on failed Remedica sale

Ascendis breaks silence on failed Remedica sale

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

DRDGOLD gets the benefit of West Rand tailings

DRDGOLD gets the benefit of West Rand tailings

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

EOH makes headway with cost savings

EOH makes headway with cost savings

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

Game on for Massmart as it aims for recovery

Game on for Massmart as it aims for recovery

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

Ellies sells property ahead of results

Ellies sells property ahead of results

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

Finbond plans to repurchase cheap shares

Finbond plans to repurchase cheap shares

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

Renergen misses equity-raise target

Renergen misses equity-raise target

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

Insider takes top position at Tiger

Insider takes top position at Tiger

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

Tongaat ready to trade again

Tongaat ready to trade again

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

intu sells another centre

intu sells another centre

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

Blue Label punished as Cell C defaults

Blue Label punished as Cell C defaults

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

Amplats flags bumper earnings

Amplats flags bumper earnings

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

Diversification pays off for Lewis

Diversification pays off for Lewis

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

Spur deals with economic reality

Spur deals with economic reality

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

Woolworths marks down earnings

Woolworths marks down earnings

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

Sasol takes Amaglug-glug to A2X

Sasol takes Amaglug-glug to A2X

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

Investec fund reduces SA exposure

Investec fund reduces SA exposure

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

Net1 offloads Korean firm to focus on core strategy

Net1 offloads Korean firm to focus on core strategy

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

Pembury addresses CEO, governance concerns

Pembury addresses CEO, governance concerns

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

Sasol claims limited damage at Lake Charles

Sasol claims limited damage at Lake Charles

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

Pepkor held back by late start to school year

Pepkor held back by late start to school year

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

Pan African on track to meet guidance

Pan African on track to meet guidance

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

Bowler Metcalf recovers from plastics strike

Bowler Metcalf recovers from plastics strike

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

Reinet gets go-ahead to broaden mandate

Reinet gets go-ahead to broaden mandate

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

AMSA to report loss as it cuts jobs

AMSA to report loss as it cuts jobs

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

Clicks continues healthy performance

Clicks continues healthy performance

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

AVI to report reduced profit after tough first half

AVI to report reduced profit after tough first half

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

Anglo meets targets on mixed performance

Anglo meets targets on mixed performance

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

Shoprite keeps the tills ringing

Shoprite keeps the tills ringing

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

Naspers sells Prosus shares worth R24 billion

Naspers sells Prosus shares worth R24 billion

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

Europa Metals to stop drilling while it regroups

Europa Metals to stop drilling while it regroups

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

BAT recovery boosts Reinet

BAT recovery boosts Reinet

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

Equites lines up more logistics tenants

Equites lines up more logistics tenants

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

Renergen raises cash as gas project progresses

Renergen raises cash as gas project progresses

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

Brait prices rights issue at deep discount

Brait prices rights issue at deep discount

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

BHP maintains production targets despite bushfires

BHP maintains production targets despite bushfires

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

Redefine sells stake in European portfolio

Redefine sells stake in European portfolio

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

Sephaku cements rights issue

Sephaku cements rights issue

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

Comair announces revamped board

Comair announces revamped board

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

intu confirms cash call to sort out debt

intu confirms cash call to sort out debt

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

Sirius shareholders urged to back Anglo bid

Sirius shareholders urged to back Anglo bid

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

Merafe negotiates job cuts at loss-making smelter

Merafe negotiates job cuts at loss-making smelter

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

Equites to develop new Pepkor hub

Equites to develop new Pepkor hub

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

Mr Price disappoints with sales growth

Mr Price disappoints with sales growth

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

Record Black Friday sales for TFG

Record Black Friday sales for TFG

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

Richemont grows sales despite Hong Kong protests

Richemont grows sales despite Hong Kong protests

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

Life Healthcare CEO quits for Australia

Life Healthcare CEO quits for Australia

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

Gemfields aims for Valentine’s listing

Gemfields aims for Valentine’s listing

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

Delta sells Grit shares to cut debt

Delta sells Grit shares to cut debt

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

Sibanye-Stillwater curbs Marikana job losses

Sibanye-Stillwater curbs Marikana job losses

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

ISA slumps on Check Point demotion

ISA slumps on Check Point demotion

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

Vivo caught up in Moroccan fuel probe

Vivo caught up in Moroccan fuel probe

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

South32 reduces coal production ahead of SAEC sale

South32 reduces coal production ahead of SAEC sale

The diversified miner expects the sale of SA Energy Coa