22 August 2019
The group says it is normal to engage with investors after making an announcement and they weren’t privy to any price sensitive information.
The private education and staffing group will report an increase in earnings when it publishes its interim results at the end of the month.
The mining holding company says full-year headline earnings will rise by as much as 28%.
The construction and infrastructure group’s business rescue practitioners says they will present a rescue plan on 30 August.
The investment group says annual earnings will be higher helped by an improvement at its Queenspark fashion chain.
21 August 2019
The supermarket chain says an improvement in fourth-quarter sales has continued into its new financial year.
The diversified miner has increased its final payout by more than expected despite disappointing growth in earnings for the year.
The gold producer says it is well positioned to benefit from the uplift in gold prices.
The industrial group has reported a 31% dip in net profit partly due to charges associated with an empowerment deal last year.
The packaging maker and recycler has reported a sharp dip in earnings after a strike affected its business trading period.
20 August 2019
The group has delayed the release of its annual results as it assesses the value of its investment in the mobile network operator.
The engineering and construction has attributed a fall of as much as 40% in profit to losses taken on an Australian roads project.
The diversified mining group will report lower basic earnings after impairing Nkomati Nickel and its investment in Malaysia’s Sakura Ferroalloys.
Global growth concerns hit equity markets. Nervousness spilled over into other emerging markets during last week and hit South Africa as well.
Mitchell Slape will take control at the ailing retailer the day after it reports an operating loss due to weak sales growth and rising expenses.
The logistics company says buying MLG Maritime Cargo Logistics will increase its presence along key international trade routes.
19 August 2019
The group has delayed the release of its results due to problems at the US project but does not expect further cost overruns.
The medical aid administrator says the rollout will take place over an extended period and there will still be a place for private health insurance.
Impairments on discontinued operations will result in an interim loss but its continuing businesses have done well despite the weak economy.
The logistics group expects to reported lower earnings with no quick recovery due to weak economic conditions in SA and Europe.
The private education group expects to report a rise of as much as 50% in interim earnings.
The hotels group says it is working on growing market share in a depressed environment.
The life assurer says first-half earnings will decline by up to 35% due to once-off charges linked to a recent empowerment deal.
16 August 2019
The retailer has impaired its investment in the UK shoe chain but is not contemplating a major financial restructuring of the business.
The gold producer expects its cash-generating ability to continue increasing as it reduces capex and gets more out of new projects.
The platinum producer will report a return to profitability thanks to higher prices for its metal and an improved operational performance.
Weekly summary of M&A activity by South African companies
Weekly summary of all M&A activity from across Africa (excluding South Africa)
The gold producer has benefitted from the full-year inclusion of its Moab Khotsong and Hidden Valley mines as well as lower impairments.
The food producer is impairing its sugar business due to the impact of the Health Promotion Levy.
Weekly summary of corporate finance activity by South African exchange listed companies
The consolidation of two previously separate ministries, Economic Development (EDD) and Trade and Industry (DTI), has significantly broadened the Minister’s merger control ‘toolkit’.