20 May 2019

AMCU loses bid to halt platinum merger

The Competition Appeal Court has upheld the Competition Tribunal’s conditional approval of Sibanye-Stillwater’s takeover of Lonmin.

Aspen close to dispensing infant formula business

The pharmaceuticals group’s high level of debt has concerned investors and the sale will help it deleverage its balance sheet.

Acquisitions boost Richemont’s sales

Yoox Net-a-Porter and Watchfinder & Co. lifted the luxury brands group’s full-year sales by more than a quarter.

Liberty stems outflows as turnaround gains traction

The life assurer took remedial action last year to improve the value of new business, stem outflows and improve its financial performance.

Lewis flags strong results

After declining in the first half of the year, revenue from finance charges, initiation fees and insurance premiums picked up in the second half.

New mine delivers for Pan African

The gold producer is on track to meet its annual production target as it shifts to a low-cost, long-life asset base.

17 May 2019

Investec shuts robo advisor as it prepares for demerger

The group says it’s committed to listing Investec Asset Management as it positions its bank and wealth management business for future growth.

Strike weighs on Dis-Chem

The discount pharmacy group gained market share and raised its full-year dividend by 8.5% despite the impact of the industrial action.

On the pricey side

Ingham Analytics has issued a “Trader” note on BHP. This is a good example of a very short report that alerts an opportunistic investor to short...

DealMakers South Africa M&A Analysis Q1 2019

A quarterly roundup of South African M&A activity plus the quarter’s M&A and GCF league tables

DealMakers Africa M&A Regional Analysis Q1 2019

An analysis of Africa’s first quarter M&A activity – by region and country

Audi Q8

Audi just threw a curved ball into the Up-scale SUV market with the introduction of their new creation – the Audi Q8. This new best-of -breed...

MTN Nigeria jumps on debut

MTN listed its Nigerian business at 90 naira after disputed claims by Nigeria's Attorney General created uncertainty over its valuation.

Datatec back in the black on Westcon turnaround

The ICT group isn’t paying a 2019 dividend but has bought back more than 10% of its own stock.

Santova navigates choppy waters

The group has raised its dividend by 7.1% to 7.5c despite encountering one of the toughest trading environments since the global financial crisis.

Group Five sells assets to cut debt

The construction and infrastructure group has announced its first update since entering business rescue.

Eastplats on track with retreatment project

Eastplats’ Retreatment Project on track to reach full production by July.

Who’s doing what this week in the South African M&A space?

Weekly summary of M&A activity by South African companies

Who’s doing what in the African M&A space?

Weekly summary of all M&A activity from across Africa (excluding South Africa)

Weekly corporate finance activity by SA exchange-listed companies

Weekly summary of corporate finance activity by South African exchange listed companies

16 May 2019

Liquor is TOPS at Spar

The supermarket and distribution group reported strong first-half sales from its liquor and hardware segments.

Sorbet adds gloss to Long4Life

The lifestyle investment group says revenue from the chain of beauty stores topped R100 million for the first time.

No slowing Transaction Capital

The SA Taxi owner says it extended its track record of high-quality organic earnings growth, raising its interim dividend by 29%.

Tough first half for Tharisa

Production was affected after it decided to reconfigure its open pit mine to make access easier.

VAT increase weighs on Balwin Properties

The property developer slashed its dividend as profit margins declined but it expects continued urbanisation to drive demand for its apartments.

Mid Cap Darlings – Santam

Insurers tend to be like those reliable yet strict friends that for the most part, you can call on when you in a bit of a...

Spear REIT weathers the drought

The Cape-focused real estate investment trust has delivered on its distribution guidance for its 2019 financial year.

15 May 2019

Kumba expects rock solid results

The iron ore producer expects first-half earnings to be at least 160% up on last year.

Investec Property Fund strengthens offshore focus

The real estate investment trust’s 2019 distribution was supported by its investment in its Pan-European logistics platform.

Rebosis holds back on dividend as it pays down debt

The real estate investment trust had a tough first half, impairing the value of its UK investment by close to R2 billion.

Lighthouse Capital makes progress on strategy

The property investor is exiting its listed portfolio so it can grow its direct property and development assets.

MiX Telematics grows earnings on new subscribers

The vehicle tracking and asset management solutions group is targeting similar growth in the year ahead.

Argent sees silver lining

The group expects to report a strong rise in full-year earnings after it downsized and restructured its operations.

Mazor cuts costs as it prepares for another tough year

The steel, aluminium and glass group says its tendering for as many contracts as possible in a constrained market.

Vodacom’s earnings down on BEE deal

Stripping out the costs of the R16.4 billion scheme, full-year profit would have been 4.2% higher.

Raubex’s earnings hit a donga

The group says it’s rightsized its roads and earthworks businesses due to a big drop in business from the public sector.

14 May 2019

Netcare feels the strain of local healthcare sector

The private hospitals group increased earnings due to the inclusion of Akeso Clinics as demand for mental healthcare services grew.

Astral’s fortunes deteriorate

Selling prices have fallen and costs have risen, resulting in a sharp decline in first-half earnings.<

Calgro M3 at a loss after land invasions

The affordable housing and memorial parks developer faced a series of obstacles last year that pushed it into a full-year loss.

The Week Ahead of 13 May 2019

Just when you thought it was safe to go back in the water…..

What stops you from being financially free?

Are you the reason that you won’t be financially free one day? Carry on reading to find out, and I hope you don’t recognise yourself in...

Vodacom’s earnings down on BEE deal

Stripping out the costs of the R16.4 billion scheme, full-year profit would have been 4.2% higher.

Octodec prepares for lower second-half payout

The real estate investment trust says its payout has been affected by pressure on rental income growth and rising operating costs.

Raubex’s earnings hit a donga

The group says it’s rightsized its roads and earthworks businesses due to a big drop in business from the public sector.

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