NEWS ARCHIVES
08 March 2019
MTN surges after announcing asset sales
The network operator plans to realise at least R15 billion over the next three years which it will use to reduce debt.
Standard Bank benefits from African growth
The bank’s operations outside SA now contribute close to a third of headline earnings.
Sanlam earnings down on market volatility
The life assurer has raised its dividend by 8% despite a dip in earnings due to weak investments markets.
Aspen to pay down debt as it focuses on pharma
The pharmaceuticals group says it’s splitting its SA business to increase focus following the sale of its Nutritionals business.
Who’s doing what this week in the South African M&A space?
Weekly summary of M&A activity by South African companies
Who’s doing what in the African M&A space?
Weekly summary of all M&A activity from across Africa (excluding South Africa)
EPP unscathed by Sunday trading ban
The Polish shopping centre owner says more than 100 million customers visited its centres last year.
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies
Thorts – Cross-border loan transactions from a SA perspective
The South African loan market regularly sees syndicated and cross-border loan transactions involving a number of legal jurisdictions
07 March 2019
Mining results show why Murray is a target
ATON will be watching closely after a strong first half for Underground Mining offset weaker performances from the group’s other divisions.
Grindrod on solid ground after shipping spin-off
The freight, logistics and financial services group says it's positioned its businesses to increase market share and to capitalise on any global market improvements.
Afrox cuts dividend as costs rise
The group is restructuring its operations to focus on areas where it can grow earnings in a subdued economy.
Transaction Capital expects to maintain and grow dividends
The group says its two operating divisions have had a strong start to 2019, with upside potential if the economy improves.
A TOTAL RESET: Back to basics, says CEO Pattison after Edcon rescue coup
Edcon CEO Grant Pattison has pulled off a remarkable coup, saving SA's largest clothing retailer from imminent extinction and 27,000 jobs in the process. But enormous...
ANALYSIS: Christo Wiese might have more bad news for Shoprite: R4-billion, to be exact
Shoprite could be in for a thumping R4-billion bill in its effort to buy out founder Christo Wiese's controlling deferred shares, if previous valuations of these...
Exxaro expects bumper earnings
The diversified resources group says higher coal prices and a lack of once-off transactions will result in higher earnings.
Texton plans shake-up under new CEO
Marius Muller plans to selectively reposition the property fund’s portfolio and dispose of properties that are non-core.
06 March 2019
Nedbank lifted by Ecobank recovery
While the bank's West African-associate weighed on 2017 earnings, a turnaround last year helped mitigate challenging conditions at home.
Clover grows earnings as takeover looms
The dairy and drinks growth says the early implementation of its strategic focus has contributed to a stable performance despite weak consumer spending.
Alex Forbes dismisses media reports
The company says a disgruntled former employee may have leaked confidential company information and shareholders should pay no heed.
Resilient and Fortress to loosen ties
Resilient plans to take back the shares Fortress owns in it as the property companies continued to address market concerns.
RBPlat plans rights offer as Styldrift ramps up
The platinum producer intends to raise R1 billion to help fund upgrades of its recently acquired Maseve asset and grow production at Styldrift.
Fortress flags smaller 2019 distribution
The real estate investment trust has changed the way it treats the interest it earns from loans to the Siyakha Education Trusts.
Attacq grows earnings in tough environment
The real estate investment trust reported good trading at its Mall of Africa centre and growth in dividends from its stake in MAS Real Estate.
SA Corp. lowers distribution in tough economy
The real estate company has faced increased property rates, additional refinancing costs and higher provisions for bad debts.
Stadio Final Results to 31 Dec 2018
Listed tertiary education provider Stadio was spun off from former parent Curro in 2017. Since then, it has confounded its critics with earnings in excess of...
05 March 2019
Stadio rallies on strong 2018 growth
The group more than doubled student numbers after a string of acquisitions as it takes advantage of the demand for private tertiary education.
Bidvest shakes off weak economy
The industrial services, trading and distribution group has grown earnings against a frail economic backdrop and is preparing for a new CEO.
RCL cries fowl over cheap imports
The food producer says there’s an oversupply of chicken in the market due to imports, while high levels of imported sugar remain even after the government...
Rolfes back on the road to recovery
The speciality chemicals group has sacrificed margin in a competitive environment but says it’s refined its strategy and is going back to basics.
MAS’s move east pays dividends
The property investor has raised its interim distribution by 40% as its strategy to target growth assets in Central and Eastern Europe pays off.
Frothy end to 2018 for the world’s biggest brewer
After a tough 2018 which saw AB InBev cut its dividend to reduce debt, sales have improved and it forecasts a better 2019.
04 March 2019
Landlords step up in Edcon recapitalisation
Property groups have agreed to reduce floor space, cut rentals and buy equity as they participate in the rescue one of their biggest tenants.
African growth leaves Distell in high spirits
While local volumes dipped in the six months to end-December, African markets outside of SA consumed more of Distell’s wines and spirits.
Hyprop benefits from move offshore
The shopping centre owner says it has agreed to support Edcon as part of its restructuring proposal and may take up an equity stake in the...
ARM lifts dividend despite hefty impairment
The diversified miner is in discussions with its partner in Nkomati, Norilsk Nickel, on the mine’s future.
Newsdeck: Musk Warns Loss Likely as Tesla Shuts Stores, Cuts Model 3 Cost
Elon Musk is delivering on one big promise -- a $35,000 Model 3 -- while warning Tesla Inc. may not be able to pull off a...
Pieter-Dirk Uys: OPINIONISTA: To be or Not to be: The theatrical writing (or rioting) is on the wall
In the 2019 Budget speech, the creation of a South African National Theatre was mooted. But is it a step in the right direction? Many citizens...