01 August 2019
The shopping centre owner says radical transformation is needed as more retailers struggle to remain relevant.
Although production declined marginally in the first half of its financial year, its earnings were boosted by once-off factors.
The commodities producer and trader says its African copper business missed expectations, while it has taken a $350 million paper loss on cobalt inventories.
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...
The bank says it will make its policy on lending to coal mining operations public once it has been through the appropriate processes.
The steel producer plans to cut jobs as part of a large-scale restructuring of its operations aimed at reducing costs.
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
The retailer and wholesale group expects to report an interim operating loss of up to R30 million as sales weakened and expenses rose.
Fourth-quarter sales at the supermarket group were particularly strong, but not enough to boost full-year earnings.
The stock exchange operator says CEO Nicky-Newton King will be replaced by former JSE executive Leila Fourie when she retires.
Steven Joffe will take over on 1 January from Arnold Goldstone, who will become non-executive chairman of Kian Ann Engineering.
The coal miner expects the development of the hard coking coal project to make it the pre-eminent SA producer.
30 July 2019
The shopping centre owner says the quality of its properties have helped cushion it against the tough economy.
The UK shopping centre owner has reported a loss after lowering the value of its properties.
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Expect a 25 basis point cut in US interest rates next Wednesday
Private equity fund Apis is subscribing for shares in the financial services group and may extend an offer to minority shareholders.
29 July 2019
Almost all votes cast at last week’s general meeting were in favour of issuing new shares as the group grapples with high debt.
Its shares are worth less than half their value of two years ago despite the positive effects of a restructuring.
The empowerment group expects to incur once-off costs running into the millions following its decision to withdraw from the transaction.
The construction group has raised R120 million of ring-fenced project capital as part of a larger funding plan.
The telecommunications solutions company has declared a 1.5c per share dividend although its 2019 earnings have tumbled more than 90%.
26 July 2019
The group says the buyback recognises the resilience of its position and builds upon the $3.4 billion returned to shareholders since mid-2017.
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.
Weekly summary of M&A activity by South African companies
Weekly summary of all M&A activity from across Africa (excluding South Africa)
The brewer had its best quarterly beer sales in over five years in the three months to end-June.
The London property owner plans to list Covent Garden as a separate REIT while it mulls expressions of interest in Earls Court.
The mobile network operator anticipated slower growth in SA due to new data regulations, price cuts and the weak economy.
The R1.94 billion disposal forms part of its strategy to focus on its employee benefits business.
Weekly summary of corporate finance activity by South African exchange listed companies
It makes sense for potential offerors to be able to engage with material shareholders in a target before an offer is formally launched.