Taxing times for RCL Foods

The food producer says its chicken and sugar businesses have weighed on earnings due to imports and the new sugar tax.

Consolidated Infrastructure hobbled by the weak economy

The pan-African infrastructure group is now focused on growing its power and energy capabilities across the continent.

MAS’s move east pays dividends

The Central and Eastern European property investor aims to grow its distribution by 30% between now and June 2022.

Novus flags higher earnings

The print and packaging group’s 2018 results were affected by big impairments after Media24 renegotiated a printing contract.

African Phoenix goes to court over pref share scheme

The investment group wants to buy back its preference shares as it shifts strategy.

Imperial falls on unsatisfactory performance

The logistics group has reported weak operational performances will impair its Consumer Packaged Goods business as it rationalises its operations.

Aspen’s cheque’s in the mail

Lactalis made payment for Aspen's Nutritionals Business on Friday and it should appear in its bank account any day now.

Grand Parade in talks over Spur shareholding

It’s been speculated that the empowerment group could reduce its stake in Spur to focus on its Burger King franchise.

Cigarette companies taking strain

Reports last week indicate that cigarette sales in the US are falling more than forecast.

The Week Ahead of 3 June 2019

Trump’s actions on trade continue to dampen the outlook for US equities

German office demand boosts Sirius

The property investor has raised its full-year dividend by 6.3% following strong rental growth as it refined its strategy.

Delta trims dividend to fund capex

The property fund has forecast short-term pressure on earnings as it finalises bulk lease renewals and negotiates long-term financing of debt.

Tongaat takes a caning on overstatement

The sugar producer and land owner’s shares fell as much as 10% on Friday after it said its balance sheet had been overstated.

Mr Price doffs its cap to Australia

Sales at the discount retailer topped R20 billion last year, with strong growth outside SA, but it’s called time on Australia.

Taste tries to get back on track

The restaurant and jewellery group has restructured its operations after losing focus and expanding too quickly.

Finbond goes platinum for the Afrikaans market

The lender says it still plans to transform into a retail bank and will target Afrikaners with its new “Finbond Platinum” online offering.

GAIA exchanges wind for sun

The infrastructure investment group has reported lower revenue due to a reduced stake in the Dorper Wind Farm as it diversifies its portfolio.

Consolidated Infrastructure tanks on trading statement

The infrastructure group expects its headline loss per share to widen as the tough economy exerted pressure on most of its businesses.

Omnia to raise R2 billion to reduce debt

Although discussions with creditors are progressing well, the chemicals and fertilizer group says it needs to reduce its debt.

Stefanutti Stocks looks for ways out of cash crunch

The construction group faces short-term liquidity pressure due to delayed payments from clients.

Life Healthcare hit by options contracts

The hospitals group entered a number of hedges when it sold its investment in India’s Max Healthcare but it says these will be offset by the...

Nampak pushes metal over plastic

The packaging group is trying to grow its share of the local packaging market by positioning cans as a better alternative.

Who’s doing what this week in the South African M&A space?

Weekly summary of M&A activity by South African companies

Who’s doing what in the African M&A space?

Weekly summary of all M&A activity from across Africa (excluding South Africa)

Strike ends at Amplats’ Mototolo mine

Fired workers will be reinstated and can make back lost income and production over the next four months.

Wescoal buys remainder of Moabsvelden coal project

The group says development activities at Moabsvelden are about to start, with the first coal expected by the end of the year.

Weekly corporate finance activity by SA exchange-listed companies

Weekly summary of corporate finance activity by South African exchange listed companies

Thorts - Metro Fibre’s game changer

Metro Fibre completed a landmark strategic equity capital raise positioning it for continued growth and establishing it as a diversified telecommunications company with national operations

Naspers sets date for Euronext listing

The Amsterdam-listed company will have a free float of up to 27%, which Naspers believes will attract more investors to its global internet assets

Famous Brands dishes up dividend as GBK recovers

The restaurant group says sales at its UK burger chains are showing positive growth as the new year gets underway.

Pepkor gains market share on low price appeal

The retail giant says first-half sales fell short of expectations in a challenging trading environment.

Stormy weather hits Santam

The short-term insurer’s net underwriting margin has dipped below its target range following a series of catastrophes.

Two CEOs to co-pilot Comair

The aviation group has appointed joint CEOs to manage its airline and non-airline businesses following the recent resignation of Erik Venter.

Does your advisor make you money?

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...

Arrowhead hopeful of post-election recovery

The real estate investment trust says tenants have been affected by the weak economy, resulting in higher vacancies and lower rental rates.

Insimbi trims dividend after tough year

The refractory and non-ferrous alloys group’s profitability was affected by a strike in the plastics industry as well as acquisition costs.

Naspers sets date for Euronext listing

The Amsterdam-listed company will have a free float of up to 27%, which Naspers believes will attract more investors to its global internet assets