07 June 2019
The overreaction to the cost overruns at Sasol’s Lake Charles Chemical Project are correcting as predicted in Ingham Analytics note of last week.
The industrial property investor has trimmed its full-year payout by 16% to 6.75p and will offer a scrip alternative subject to approval.
The natural gas and helium company’s shares rose 27.5% on their Australian debut.
The Namibian investment company expects a big improvement in full-year earnings from its main investment segments.
The platinum and chrome exploration company says its application for a prospecting right over the farm Hartebeesfontein has been accepted.
Weekly summary of M&A activity by South African companies
Weekly summary of all M&A activity from across Africa (excluding South Africa)
Weekly summary of corporate finance activity by South African exchange listed companies
Section 68(3) of the Companies Act empowers a board to appoint an eligible person to serve as a director of a company on a temporary basis.
06 June 2019
Xolani Mkhwanazi’s appointment as chairman follows those of CEO Stephen van Coller and financial director Megan Pydigadu.
Close to 3,500 employees will be affected, with voluntary separation, early retirement and natural attrition accounting for the bulk of the job losses.
The insurer has grown new business and headline earnings despite turbulence in SA and other emerging markets.
The pension funds administrator has been affected by a number of write-offs and the cost of writing off an expensive IT contract.
The company says it’s also progressing with its acquisition of the Sable Zinc refinery in Zambia as it tries to further diversify earnings.
Today I was doing a quick month-end review of my US Share portfolio. Here are my Top five best performers.
05 June 2019
The food producer says its chicken and sugar businesses have weighed on earnings due to imports and the new sugar tax.
The pan-African infrastructure group is now focused on growing its power and energy capabilities across the continent.
The Central and Eastern European property investor aims to grow its distribution by 30% between now and June 2022.
The print and packaging group’s 2018 results were affected by big impairments after Media24 renegotiated a printing contract.
The performance of South Africa's major banks continues to compare favourably to banks in the USA, Canada, and Australia.
The investment group wants to buy back its preference shares as it shifts strategy.
04 June 2019
The logistics group has reported weak operational performances will impair its Consumer Packaged Goods business as it rationalises its operations.
Lactalis made payment for Aspen's Nutritionals Business on Friday and it should appear in its bank account any day now.
It’s been speculated that the empowerment group could reduce its stake in Spur to focus on its Burger King franchise.
Reports last week indicate that cigarette sales in the US are falling more than forecast.
Trump’s actions on trade continue to dampen the outlook for US equities
The property investor has raised its full-year dividend by 6.3% following strong rental growth as it refined its strategy.
The property fund has forecast short-term pressure on earnings as it finalises bulk lease renewals and negotiates long-term financing of debt.
03 June 2019
The sugar producer and land owner’s shares fell as much as 10% on Friday after it said its balance sheet had been overstated.
Sales at the discount retailer topped R20 billion last year, with strong growth outside SA, but it’s called time on Australia.
The restaurant and jewellery group has restructured its operations after losing focus and expanding too quickly.
The lender says it still plans to transform into a retail bank and will target Afrikaners with its new “Finbond Platinum” online offering.
The infrastructure investment group has reported lower revenue due to a reduced stake in the Dorper Wind Farm as it diversifies its portfolio.
The infrastructure group expects its headline loss per share to widen as the tough economy exerted pressure on most of its businesses.