NEWS ARCHIVES


01 August 2019

intu sags on revaluation

The shopping centre owner says radical transformation is needed as more retailers struggle to remain relevant.

AngloGold Ashanti flags strong earnings rise

Although production declined marginally in the first half of its financial year, its earnings were boosted by once-off factors.

Glencore’s copper business misses the mark

The commodities producer and trader says its African copper business missed expectations, while it has taken a $350 million paper loss on cobalt inventories.

Umkhathi Wethu, in partnership with Allan Gray, takes in Healthcent to revolutionise patient care in South Africa

Johannesburg July 30th, 2019 - Umkhathi Wethu Ventures, in partnership with leading investment firm Allan Gray, has taken a stake in local healthtech company, Healthcent, to...

Standard Bank goes green with coal funding

The bank says it will make its policy on lending to coal mining operations public once it has been through the appropriate processes.

AMSA steels investors for a loss

The steel producer plans to cut jobs as part of a large-scale restructuring of its operations aimed at reducing costs.

Does your advisor make you money?

There is a lot of scepticism about the value of advice and financial service providers in general. Some bad brokers have earned the financial planning industry...




31 July 2019

Massmart’s earnings implode

The retailer and wholesale group expects to report an interim operating loss of up to R30 million as sales weakened and expenses rose.

Shoprite reports recovering sales

Fourth-quarter sales at the supermarket group were particularly strong, but not enough to boost full-year earnings.

JSE’s Newton-King to step down

The stock exchange operator says CEO Nicky-Newton King will be replaced by former JSE executive Leila Fourie when she retires.

Invicta hires outsider as new CEO

Steven Joffe will take over on 1 January from Arnold Goldstone, who will become non-executive chairman of Kian Ann Engineering.

MC Mining makes progress with Makhado

The coal miner expects the development of the hard coking coal project to make it the pre-eminent SA producer.




30 July 2019

L2D grows trading density in tough environment

The shopping centre owner says the quality of its properties have helped cushion it against the tough economy.

Hammerson hit by retail downturn

The UK shopping centre owner has reported a loss after lowering the value of its properties.

The Awkward Economist Learning Academy

Introducing The Awkward Economist Learning Academy. Take a look at the episodes recently launched by the Awkward Economist.

The Week Ahead 29 July 2019

Expect a 25 basis point cut in US interest rates next Wednesday

Efficient Group may delist from JSE

Private equity fund Apis is subscribing for shares in the financial services group and may extend an offer to minority shareholders.




29 July 2019

Omnia’s shareholders back recapitalisation plan

Almost all votes cast at last week’s general meeting were in favour of issuing new shares as the group grapples with high debt.

Rolfes cautionary stokes speculation

Its shares are worth less than half their value of two years ago despite the positive effects of a restructuring.

Brimstone finds new investors for Clover buyout

The empowerment group expects to incur once-off costs running into the millions following its decision to withdraw from the transaction.

Stefanutti keeps the wolf from the door

The construction group has raised R120 million of ring-fenced project capital as part of a larger funding plan.

TeleMasters declares dividend despite earnings plunge

The telecommunications solutions company has declared a 1.5c per share dividend although its 2019 earnings have tumbled more than 90%.




26 July 2019

Anglo American's billion dollar buyback

The group says the buyback recognises the resilience of its position and builds upon the $3.4 billion returned to shareholders since mid-2017.

Sasol update ends shares lower

Despite a higher rand-oil price, the group will report a fall in full-year earnings after writing own its assets by R18.1 billion.

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)

Frothy quarter for AB InBev

The brewer had its best quarterly beer sales in over five years in the three months to end-June.

Capco to proceed with demerger

The London property owner plans to list Covent Garden as a separate REIT while it mulls expressions of interest in Earls Court.

Vodacom buoyed by International business

The mobile network operator anticipated slower growth in SA due to new data regulations, price cuts and the weak economy.

Alex Forbes sells insurance business to Momentum Metropolitan

The R1.94 billion disposal forms part of its strategy to focus on its employee benefits business.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Flirting before the offer: The Intricacies of Approaching Shareholders

It makes sense for potential offerors to be able to engage with material shareholders in a target before an offer is formally launched.




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