28 June 2019
Titles including The Sunday Times, Business Day, Financial Mail and Sowetan will soon be under new ownership.
The restaurant franchisor wants to repurchase the 10% held by the casino and fast-food group before a five-year lock-in expires.
Fifteen months on, the German firm has extended its offer to M&R’s minorities by another three months due to delays in getting regulatory approval.
Resilient was founded in 2000 and was one of the first property developers to look towards servicing the lower LSM markets with formal retail shopping infrastructure....
Weekly summary of M&A activity by South African companies
Weekly summary of all M&A activity from across Africa (excluding South Africa)
The cement producer has cut overhead costs and improved its cash flow, helping it to reduce its SA debt.
Weekly summary of corporate finance activity by South African exchange listed companies
An extensive set of competition law amendments has been in the making since December 2017 when the Competition Amendment Bill was initially gazetted for public comment
27 June 2019
The coal and heavy minerals producer says production volumes are down so far this year, while coal export prices have also declined.
The cement producer says the former Holcim executive will take over as soon as his work permit has been approved.
The cement and concrete producer plans to reduce debt while assessing future growth opportunities.
The gold and platinum producer says selling a stake to Generation unlocks immediate value for the group.
Although the group is focused on coloured gemstones, it said evidence of gold near its ruby mine couldn’t be ignored.
The pan-African property investor says it’s also considering its options to raise more capital to fund a pipeline of potential opportunities.
26 June 2019
The chemicals, fertilizer and explosives group has reported a more than R1 billion swing in profitability following a tough year for all its divisions.
Shareholders could be in for a bumper payout after the platinum producer changes its dividend policy last year.
Declining demand brought on by economic uncertainty impacted the digital technology group as it completed a restructuring.
The real estate investment trust says its 2019 distribution will be at the lower end of previous guidance, partly due to its Edcon exposure.
The coal producer says its second-half performance was impacted by disruptions, including industrial action at its Vanggatfontein mine.
The documents storage business plans to sell or close three businesses and expand its digital services offering.
25 June 2019
The stock-exchange operator says the difficult economic environment in SA has impacted investor appetite.
The property fund sees a secondary listing on A2X as an opportunity to attract new investors and deliver more value for shareholders.
The engineering and capital equipment group says just about every sector it operates in has been under severe pressure.
The announcement of the partnership with ESS Tech came alongside the release of its 2018 financial results.
Some shareholders were unable to receive stock in Tsogo Sun Hotels in this month’s unbundling.
The S&P 500 reaches new all-time high. Geopolitical tensions in the middle east escalated significantly last week with the shooting down of an unmanned US drone...
A consortium headed by the British development finance institution will ultimately hold 40% of Mettle Solar Investments.
Apart from a umber of once-off costs, the digital technology group says customers are spending less on projects.
24 June 2019
The group now expects to list its international internet assets on Euronext Amsterdam in September.
The group says it has completed its transition to a global consumer internet group as it prepares for an Amsterdam listing.
The cement producer says debt is down and headline earnings will be at least a third higher.
Under the deal, Haohua Energy International will help arrange funding for the development of MC’s coking coal assets.
The IT services group has bounced back after exiting its loss-making operations in the Middle East and Africa while expanding in Western Europe.