NEWS ARCHIVES
16 April 2021
PSG Konsult weathers Covid-19 challenges
The financial services group says it was able to operate successfully in a challenging environment due to investment in its systems.
The industrial group says the disposal represents an attractive opportunity to monetise its investment at a decent valuation.
Merafe reports improved production
The company, which shares in a joint venture with Glencore, attributes the rise in output to production efficiencies.
RAC prepares for Astoria distribution
Following the distribution, RECM and Calibre will be left with a majority stake in Goldrush as its biggest investment.
Who's doing what this week in the South African M&A space?
Weekly summary of Merger & Acquisition activity by South African companies
Who's doing what in the African M&A space?
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies
Thorts: Digital mergers to face more scrutiny in South Africa
Competition authorities must strike the right balance between careful scrutiny of digital mergers and the needs of an increasing number of South Africans to access innovative...
PPS RESILIENCE PRODUCES SOUND PERFORMANCE IN UNPRECEDENTED YEAR
Professional Provident Society (PPS), the financial services company focused solely on providing financial solutions for graduate professionals, produced a resilient 2020 performance.
15 April 2021
EOH makes progress with turnaround
The technology services group has reported a decline in revenue after selling some businesses but says earnings are of a better quality.
Following a shift in strategy, the investment holding company says it has had a number of approaches from third parties keen on its assets.
Covid-19 disrupts Hulamin recovery
The aluminium products manufacturer says the lockdown in SA and across the globe impacted sales of all products last year.
Bell falls into a loss due to Covid-19
The maker and distributor of articulated dump trucks and agricultural machinery may receive an offer to buy out minorities.
Finbond buys stake in US lender
The mutual bank and microlender says the deal will enhance its dollar earnings and expand its digital offering to more US states.
NOPE, you can make money out of volatility
Top trader and risk expert Andrew Kinsey provides practical tips to play a notably volatile situation to advantage once the extremes diminish.
PPS RESILIENCE PRODUCES SOUND PERFORMANCE IN UNPRECEDENTED YEAR
Professional Provident Society (PPS), the financial services company focused solely on providing financial solutions for graduate professionals, produced a resilient 2020 performance.
14 April 2021
Capitec doubles dividend as earnings recover
After a tough first half, the bank says earnings recovered in the second six months as it grew customer numbers and its digital offering.
Renergen comes clean on mystery customer
The company halted trade in its shares in Australia after a market announcement fell short on disclosure.
Raubex reports second-half recovery
The construction and road-building group has reversed a first-half loss as all three divisions returned to profitability.
The platinum and chrome miner says production has been resilient despite extreme weather conditions and the ongoing impact of Covid-19 restrictions.
Schroder says Seville centre may breach banking covenant
The real estate investment trust says the Metromar centre is about to be revalued and it is working with its lending partner.
13 April 2021
Hammerson confirms it may sell its retail parks
The shopping centre owner is disposing of some of its properties in order to reduce debt.
The German-focused real estate growth says its rental roll and cash collection remained resilient despite Covid-19.
Check out "Slap" which takes another look at Alibaba after the regulatory penalty this past weekend. Is Alibaba a buy or not?
Renergen strikes deal with auto supplier
The emerging helium and natural gas producer will supply helium to inflate car airbags.
Ellies granted liquidation order
The consumer and commercial electronics group applied to liquidate its manufacturing division after cutting financial assistance.
BHP joint venture files for bankruptcy protection
Samarco has filed for a judicial reorganisation to keep creditors off its back to it can continue operating.
12 April 2021
Purple Group supported by EasyEquities
The online trading and investment platform has more than half a million funded retail accounts, with platform assets almost at R27-billion.
Podcast: Magic Markets Ep20: Buy-Toi-Let
In Episode 20 of Magic Markets, hosts The Finance Ghost and Mohammed Nalla (Moe-Knows) discuss property investing and their respective views on whether buy-to-let is a...
Exxaro sells non-core coal assets
Exxaro Coal Central has been sold to privately owned BEE company Overlooked for an undisclosed sum.
Covid-19 keeps Hulamin in a loss
The aluminium products manufacturer says the Covid-19 lockdown disrupted an expected recovery in its performance last year.
RMH rallies on special dividend
The investment holding company is returning capital to shareholders that had been set aside for a Romanian property development.
Alphamin rises on record earnings
The tin mining company has benefitted from record tin sales and a higher price for the metal.