19 July 2019
The diversified miner says it is on track to meet this year’s production target as Minas-Rio ramps up production ahead of schedule.
A mandatory offer was triggered after CEO Zak Calisto’s investment company took a 68% stake in the group
The SPAR Group is wholesale and retail distributor of food, drink, building and pharmaceutical products founded in 1963, now home to 350 000 employees serving clients...
Weekly summary of M&A activity by South African companies
Weekly summary of all M&A activity from across Africa (excluding South Africa)
The luxury goods group says Japanese and Chinese sales were particularly strong, while protests in Hong Kong affected its business there.
The life assurer expects a strong rise in first-half earnings due to stronger equity markets and a continued turnaround of its business.
Weekly summary of corporate finance activity by South African exchange listed companies
Many Ugandan businesses are eagerly watching developments in the area of Islamic banking, which could offer a welcome alternative to conventional banking services.
18 July 2019
The group says it is not ruling out an appeal after the High Court set the contract aside due to tender irregularities.
The chemicals and explosives group says once-off restructuring costs will be offset by the resultant benefits.
The platinum producer wants to use the tailwind of higher rand PGM prices to reduce debt and optimise its balance sheet.
The world’s biggest mining company reported a strong fourth quarter after a cyclone disrupted its Australian iron ore operations in March.
The Department of Mineral Resources has granted its unconditional consent for the transfer of the mining rights to RBPlat.
17 July 2019
A report by ENS has uncovered unsubstantiated payments, tender irregularities and other unethical business deals in public sector business.
Shareholders are in line for a bigger dividend as the group benefits from higher rand PGM prices and a recent restructuring.
The company says it has not experienced material benefits from being on the JSE and delisting will allow it to focus on its performance.
AFI Europe has exclusivity for eight weeks to conduct a due diligence exercise on the €309 million office portfolio.
16 July 2019
The two divisional CEOs resigned with immediate effect ahead of the release of a report into public sector contracts.
The brewer said the decision not to proceed with the public offering was partly due to prevailing market conditions.
Bidvest will pay an enterprise value of R3.1 billion for the fleet management and logistics business.
The R245 million facility will be used to develop the west pit and modify the existing Vele Colliery processing plant.
It sometimes feels like I am a one trick pony… all I ever do when I write these is moan about how difficult conditions in South...
It was suggested that Pioneer may be about to make an acquisition or that Zeder could unbundle its stake in the food producer.
15 July 2019
Losses have narrowed but unless it’s given the space to stabilise its business, its ability to continue as a going concern will be hampered.
The aluminium products manufacturer is looking for new markets due to a decline in demand from the US and carmakers.
The gold producer has benefited from a restructuring but says protest action at its Barberton Mine has resulted in lost production days.
The real estate investment trust blames its stake in the UK shopping centre owner for its depressed share price.
The sports betting and horse racing group says it won’t be in a position to pay a final dividend as conditions continue to deteriorate.
Trump likely to turn his tariff attention to Europe shortly