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.
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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.
21 June 2019
The construction group’s business rescue practitioners say while creditors may recover their loans, there will be no equity left.
Despite the negative short-term outlook for local property, the fund expects the extended shopping mall to serve as a catalyst for future opportunities.
The wealth manager and financial services group earned lower performance fees from Stenham and Peregrine Capital last year.
The metals and plastics group is expanding its client base and trading network with the acquisition of Gauteng-based Treppo.
Weekly summary of M&A activity by South African companies
Weekly summary of all M&A activity from across Africa (excluding South Africa)
The investment company has taken full ownership of two bus services in the Western Cape.
Weekly summary of corporate finance activity by South African exchange listed companies
Merger control complexities in Africa can undermine the commercial value of a proposed transaction – below are some of the potential stumbling blocks to doing business...