13 August 2019
Shareholders who do not take up the deeply discounted rights shares face dilution.
The group has improved its profit margins but has been impacted by impairments and the adoption of new accounting standards.
The platinum producer says its two mines reported solid operating performances as it benefitted from higher metals prices.
The investment holding company says a number of its listed investments should show an improvement in the period ahead.
The shipping group expects to take delivery of the IVS Prestwick vessel next month as it bulks up its fleet.
The project is Clough USA’s first major contract since the group was established in North America.
12 August 2019
Shareholders on the Naspers register this Friday will be allowed to vote on its plan to list Prosus in Amsterdam next month.
The bank's operations outside SA have reported a strong rise in profit, compensating for flat earnings in its home market.
Revenue from the network operator's businesses in Nigeria, Ghana and Uganda compensated for muted growth in its home market.
The gold producer says it has received strong interest in its remaining SA gold mine after reporting a strong first half performance.
The mining group's US platinum operations bounced back in the three months to June as its SA gold mines recovered from a five-month strike.
South Africa remains one of the most vulnerable emerging economies to global trade tensions.
08 August 2019
The group expects to list Investec Asset Management on the London and Johannesburg bourses in the first quarter of next year.
The packaging and recycling group says improvements to its business have more than offset the challenging trading environment.
The retailer says it has continued to grow its share of the market through its pricing strategy and value approach.
The wine and spirits maker has impaired its Angolan investment and recognised a credit loss provision in Zimbabwe due to currency issues.
The commodities group says it has taken measures to address challenges at its copper and cobalt operations and plans to halt production at Mutanda.
The tile manufacturer will still report a rise in full-year earnings despite a significant deterioration in trading conditions since April.
07 August 2019
The bank says structural reforms need to be tackled more urgently to avoid a downgrade, which would result in lower growth and more job losses.
The platinum producer has been hit with higher cash costs and levels of depreciation due to the ramp-up of its Styldrift project.
Excluding a sizeable tax adjustment, the private schools group will report single digit profit growth.
The deal is just the latest to be announced as consolidation in the property sector accelerates.
Buying the shares will reduce its Zambezi preference share liability and the dividends it pays on them.
The engineering and capital equipment group’s listing will take the number of securities trading on A2X to 28.