31 March 2021
The transaction to acquire the 170-store retailer becomes effective tomorrow after it received competition authority approval.
The residential property developer says sales were supported by its online sales platform and record low interest rates.
Despite reduced revenue, the technology group benefitted from cost-cutting following a restructuring of its operations.
The timber company generated more cash from its operations as it managed its stock levels more efficiently.
The precious stones group believes the tough decisions taken in 2020 position it for an optimal recovery this year.
The technology investment company was impacted by more customers working from home and some closing their businesses entirely.
30 March 2021
If you want an expert take on why ViacomCBS has fallen like a stone, top international trader Andrew Kinsey gives a succinct analysis.
The emerging helium and natural gas producer says tests from well samples show higher helium concentrations.
The exploration and development company is performing due diligence after acquiring an option agreement on the copper project.
The real estate investment trust says divestments over the past year have placed it in a position to make a distribution.
The company plans to take advantage of demand for reserve power to back up the renewable energy market.
The metals recycling company will report improved full-year results despite a weaker first half.
The diversified mining company says work is progressing to finalise arrangements that will underpin the sustainability of the business.
29 March 2021
With restrictions on casinos for much of the period, the investment group reported a loss for the six months ended December.
The industrial investment holding company says a positive outcome could have a material effect on its share price.
The platinum and chrome retreatment company has swung to a loss due to higher non-cash finance costs, forex losses and a legal settlement.
The investment holding company says its Queenspark chain of clothing stores reported a first-half loss.
The day hospital group says its facilities have become safe havens for specialists to operate in.
The stuck container ship in the Suez canal could cause global supply chain disruptions.
26 March 2021
The technology services group says it has made progress in reducing its debt and exiting some legacy contracts.
The healthcare and pharmaceuticals group says its net finance costs more than doubled in the six months to end-December.
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The investment holding company says the rest of its portfolio had a resilient performance during the Covid-19 pandemic.
Weekly summary of Merger & Acquisition activity by South African companies
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
While most of its investee companies are paying interest and dividends again, Sabvest has reduced its dividends for the first time in 20 years.
Magda Wierzycka will remain a non-executive director and shareholder of the multi-management company she co-founded in 2006.
Weekly summary of corporate finance activity by South African exchange listed companies
The pandemic has brought significant complexity when determining the value of underlying assets - valuers should take care in ensuring that specific challenges are addressed
25 March 2021
The Financial Review said SG Fleet may acquire the Australian fleet vehicle leasing business of LeasePlan.
The direct marketer and FinTech company reduced its credit risk and was also impacted by sales of lower-margin goods last year.
In 2020, the US Federal Reserve gave American banks a temporary relief that is due to expire shortly.
The investment company says an application will be made to the JSE to lift the suspension on Astoria following the unbundling.
The platinum producer says the move will help it ramp up production at a time of increasing demand and rising prices.
The insurance group says it remains well capitalised and many of the costs if faced last year were one off in nature.