22 February 2019
The financial services group says the decline is temporary and profit growth should return to its target of inflation plus 10%.
CEO Adrian Gore gave another virtuoso performance at the interim results presentation in Discovery’s new head office on Thursday 21 Feb.
The global mining giant has grown full-year earnings by 13% but disappointed with a slight decline in its dividend for the year.
The retailer wants to reduce its interest-bearing debt in Australia due to challenging conditions facing the retail sector.
Weekly summary of M&A activity by South African companies
Weekly summary of corporate finance activity by South African exchange listed companies
The retailer expects challenging conditions to continue for the remainder of its financial year with a medium-term improvement.
Weekly summary of all M&A activity from across Africa (excluding South Africa)
The top advisory firms for 2018 were recognised at the DealMakers Annual Awards Banquet this week
Signs are starting to point, once more, to the potential for the mining industry as a vital contributor to the social and economic development of SA...
In a hard-hitting Budget that bluntly put a daily R1-billion price tag on borrowing costs, Finance Minister Tito Mboweni pulled off a political juggling act "in...
21 February 2019
A R23 billion bailout for Eskom this year will add to government’s spending burden and a rising budget shortfall.
Under new CEO Stephen van Coller, the group has committed to strict corporate governance and has appointed ENSafrica to review all public-sector contracts.
The food services group’s European operations were the stand-out performers in the first six months of its financial year.
The retail property group plans to retain cash and pay down debt after weak sentiment diminished the value of its shopping centres.
The branded foods group says it's benefitted from selling price category in a number of categories but hasn’t been able to recover cost increases.
20 February 2019
While Brimstone may pull out of the consortium offering investors R25 per share, analysts believe it has enough support from shareholders to succeed.
There is a good argument to be made that the Milco buyout at R25 represents decent value for current shareholders...
The iron ore producer is returning all of last year’s headline earnings to shareholders through its dividend payments.
The gold producer is divesting of mines that don’t deliver the returns it can achieve with other opportunities.
The airline will take delivery of six new aircraft this year which will mitigate high fuel prices and enhance the potential revenue per flight.
Do you change your passwords often? Of course not! We are too busy...
19 February 2019
The platinum producer has improved its payout ratio after restructuring its operations to strip out loss-making ounces and become more efficient.
The platinum producer has swung back to profit, assisted by an improved performance from its Rustenburg mines.
The group is simplifying its capital structure to support its growth as an investment holding company.
The infrastructure and resources group has sold its Infraset business to the Colossal Africa Consortium for up to R200 million as part of its restructuring.
It would be hard to overstate the importance of the Public Investment Corporation to the South African economy and to our society more broadly.
#ChrisGilmour: Is the S&P 500 reaching resistance?
18 February 2019
The tech services group says it's also working with Microsoft to better understand its decision to cancel agreements with its EOH Mthombo.
The group said it took the decision to exit the US franchises following sustained losses and an unsuccessful process to dispose of them.
Combined with investment in its new businesses, the group expects to report a decline in first-half earnings after mortality claims spiked.
The real estate investment trust says Edcon stores occupy a smaller portion of its portfolio following closures and reduced floor space.
The branded food producer says while it managed to increase prices in some categories, input costs have also been on the rise.
As I sit here in darkness again, trapped in the purgatory between outrage and resignation, an emergent fact about Eskom becomes evident.