10 April 2019
The gold and platinum producer plans to raise R1.8 billion to tide it over but may resume dividend payments if all goes well.
In what could be seen as a vote of confidence, Richard Buttle has spent more than half a million rand on the company’s shares.
Dubai’s Department of Civil Aviation and the HMRT joint venture have to agree on a final account for the cancelled Dubai International Airport contract.
The fisheries group says it’s seeing the benefits of last year’s acquisition of Talhado Fishing Enterprises.
The S&P 500 may make a new high this quarter
The electronics group’s ICT businesses have benefitted from higher spend in the telecommunications sector.
The short-term insurer expects to report a strong rise in first-half earnings helped by a rise in investment income.
During 2017, Accéntuate purchased flooring specialist Pentafloor for R19.19 million to diversify the company’s offering in the flooring infrastructure segment.
Over the past six months, JSE- and Aim-listed Kibo Energy has embarked on an extreme business makeover by selling off its mining assets to switch its...
On 27 March, Mauritian-based investment holding company 4Sight provided shareholders with an accurate trading update; from the one, the company released on 22 March.
AMCU says a verification process into membership numbers at Sibanye’s gold mines was flawed and the company was premature in declaring victory.
09 April 2019
A consortium including JSE-listed Wescoal terminated negotiations for Universal after failing to get the recommendation of the junior coal miner’s board.
The retailer says turnover rose by a market-beating 9.6% in the 53 weeks to 3 March, with like-for-like volumes up 5.1%.
The private education group also welcomed a High Court judgement that law degrees from private institutions should be recognised by the Law Society.
The German property investors expects like-for-like growth in rental income to top the 6.2% it reported last year.
Investec Australia Property Fund expects growth in its post-withholding tax distribution to be higher than previously forecast.
08 April 2019
The “track and trace” process required to ensure appropriate adjustments of accounting irregularities has proved to be more complex and time-consuming than expected.
The group has been looking for new complementary markets to support its order book in Australia.
The engineering group and capital equipment supplier says it’s pursuing all possible recoveries, including insurance claims, back charges, and project asset sales.
The construction materials group expects to report a rise of between 20% and 30% in full-year earnings.
Eskom chairman Jabu Mabuza told journalists on Wednesday that Eskom would have a R250bn shortfall over the next three years and even the thumping R69bn capital...
The European property investor has appointed former banking executive Werner Behrens as CEO from 1 May.
The energy firm’s auditors say there’s material uncertainty about its ability to continue as a going concern as its liabilities exceed its assets.
05 April 2019
PwC was commissioned by a subcommittee to investigation share trading activities and historic related-party transactions for any signs of malfeasance.
CFO Matthew Roberts will try to revive the shopping centre operator after a tough year and a number of abandoned takeover bids.
The fisheries group has flagged a rise of as much as 30% in first-half earnings.
Weekly summary of M&A activity by South African companies
Weekly summary of all M&A activity from across Africa (excluding South Africa)
South Africa's new stock exchanges are reporting they are making great strides in their very short history, yet an argument still exists about whether they will...
The ecotourism operator says due to its proposed delisting it wants to clear up the facts.
Weekly summary of corporate finance activity by South African exchange listed companies
Businesses must live with the reality of a tight regulatory framework and their M&A advisers must be familiar with the full body of law
04 April 2019
The tech services group aims to wind up its investigation by the end of May so it can clear its reputation after Microsoft terminated partnership agreements.
The wealth management group says the deal will secure its position in the UK financial advice market as it consolidates.
The real estate investment trust said proceeds of its R700 million book build would be used for opportunities in Spain.
The real estate investor says it is now focused on growing its branded office parks in Germany’s big seven cities.
Currently, Tsogo Sun Holdings has a diversified portfolio of assets including those in gaming entertainment and hospitality. The familiar assets attributable to the group include Montecasino,...
The Johannesburg Stock Exchange is up as the curtain closes on the first quarter of 2019, which will cheer the bruised bank accounts of SA's investors....