NEWS ARCHIVES
10 December 2020
Delta withdraws results and calls the cops
The property fund says its auditors have withdrawn their audit opinion on its 2020 numbers which will delay the release of its interim results.
Stuck between the devil and the deep blue sea
Ingham Analytics say that a $2bn rights issue is appearing more likely by the day.
Barloworld to sell dealership stake
The industrial holding company will still own a stake through its joint venture with the Akoo family in Durban.
City Lodge says guests are returning
The hotel group says occupancies continue to recover but it will still report a decline in first-half earnings.
The life insurance group says the gradual easing of lockdown conditions has supported sales but it expects conditions to remain challenging.
The tobacco giant says the Covid-hit has not been as bad as expected, while the resumption of SA sales has helped.
Schroder weathers impact of pandemic
The real estate investment trust says it is disappointed its share price has not reflected its performance.
09 December 2020
PPC cements over cracks as sales recover
The cement producer says its capital restructuring project remains a key priority.
Sygnia grows assets in tough environment
The fund manager credits its low-cost investment and savings products for a big rise in full-year earnings.
Ramos takes the chair at AngloGold Ashanti
The appointment means the gold miner will have two women at the helm after Christine Ramon took over as interim CEO.
Northam buys more Zambezi prefs
The company will consider dividends for ordinary shareholders in the medium term once it has de-risked the preference share structure.
Shareholders have approved the repurchase of up to 20 percent of its stock.
08 December 2020
Ingham Analytics say that copper, along with other industrial and agricultural commodity prices, has been on a strong run.
Amplats raises guidance after fixing faulty unit
The platinum group metals company fixed the Phase A unit at its ACP Convertor Plan more than three months ahead of schedule.
Implats to buy back bonds as cash rises
The PGM producer says the move will reduce its debt liability and reduce the potential for future dilution to existing shareholders.
MC Mining on the lookout for a CEO
The company does not expect the departure of Berlin to impact a funding package for its flagship Makhado coal mine.
Is it time to buy South African property? And, if so, how should you do it?
As we all know 2020 has been a tough year for the South African economy.
Magic Markets Ep4: Pension Tension (with Nerina Visser)
Nerina is a highly respected expert in South African financial markets, with a particular focus on ETFs.
Long4Life launches new share buyback
After buying back more than 40 million shares earlier this year, the investment company plans to spend up to R114 million repurchasing more stock.
NEPI Rockcastle sells listed portfolio to fund repurchase
The Central and Eastern Europe property group cashed in on an improvement in the Unibail Rodamco Westfield share price.
07 December 2020
MTN poaches Telkom finance boss
Tsholofelo Molefe replaces Ralph Mupita as group CFO and will support the execution of its growth and deleveraging strategy.
The iron ore miner says it is ensuring that its value chain remains balanced, with finished stock maintained at optimal levels.
Wescoal under pressure as Eskom sales decline
The coal producer says offtake by Eskom and other trading clients has not recovered to pre-lockdown levels.
E-commerce drives Stenprop inquiries
The multi-let industrial property group says there is demand from business wanting to start or grow their e-commerce operations.
Metair recharges guidance for battery business
Revenue from its energy storage business will be down by less than expected while its automotive components vertical has been more affected.
Load shedding provides a spark for Ellies
The consumer and commercial electronics group says it benefitted from rising demand for alternative energy solutions.
04 December 2020
No dividend from illiquid Rebosis
The property fund says there is a material uncertainty on its ability to continue as a going concern.
Hyprop reports higher Black Friday footfall
The shopping centre owner says tenants at its malls spread specials out for the month of November due to Covid-19.
Neither a borrower nor a lender be
Ingham Analytics have issued “Neither a borrower nor a lender be” which looks at South African banks from a macro view.
TOP 35-UNDER-35 2020: MEET THE WINNERS
The Top-35-under-35 competition was launched by the South African Institute of Chartered Accountants (SAICA) in 2014 to recognise its young CA(SA) achievers.
Who's doing what this week in the South African M&A space?
Weekly summary of Merger & Acquisition activity by South African companies
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies
Oceana raises dividend after decent catch
The Lucky Star owner says it was supported by continued demand and firm pricing for its products.
Exxaro increases coal production
The resources group says higher volumes and the weaker rand have cushioned a decline in coal prices.
The electronics manufacturer and distributor will report a profit after slashing operating expenses and reducing losses at its manufacturing division.
Alexander Forbes maintains earnings in tough environment
The employee benefits business says its clients were badly affected by the lockdown, with retrenchments, salary cuts, reduced retirements savings and business closures.
Who's doing what in the African M&A space?
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
Thorts - Despite the “pandemic quarter" SA’s agricultural sector remains buoyant
As one of the few sectors that seems able to successfully rally against South Africa’s economic challenges, agriculture’s investment potential is worth exploring
Thorts - Use of knowledge qualifiers in respect of warranties in private company M&A transactions
The use of a knowledge qualifier is to limit the reach of a contractual provision so that it only applies to what the relevant party “knows”.