22 March 2019

Omnia’s earnings implode as debt rises

The fertilizer and chemicals group will swing to a full-year loss due to a bigger interest bill and a number of once-off charges.

Astoria shareholders back downsizing plan

The investment group plans to liquidate its listed equity portfolio and return capital.

Fortress calls off Resilient deal

The transaction was aimed at loosening ties between the two real estate investment trusts after shareholders raised concerns.

ANALYSIS: Debt is not necessarily a dirty word - but it may be

Several SA companies have suffered big share-price declines over the past year, notably drug maker Aspen and sugar producer Tongaat. The common factor among many of...

CSG warns of lower earnings

The services group gave no reason for the expected decline in profit.

BUSINESS MAVERICK OP-ED: Mark Bristow and his Randgold team tick the right boxes to run the biggest gold merger ever

Mining eats money like competitors eat frankfurters in a hot dog eating competition, writes former mining CEO Peter Flack. This fact and others means that mining...

Insimbi in acquisition talks

The group has racked up a number of acquisitions as it expands its presence in the metal recycling, beneficiation and trading business.

POLL PICKS RAMAPHOSA: ANC 61%, DA 18%, EFF 10% - Ipsos poll

An Ipsos poll indicates that the EFF could be the official opposition in three provinces, that the DA is unlikely to take three provinces, and that...

20 March 2019

Hulamin impairs assets due to tough environment

Despite record production, the aluminium products maker is reducing the value of its assets by a combined R1.45 billion.

Mixed bag from Remgro’s investments

Lower earnings from Total, RCL Foods and Community Investment Holdings offset gains from Mediclinic, Grindrod and FirstRand.

Sasfin cleans up credit book

The financial services group has posted a strong rise in first-half earnings after it took steps to improve its credit processes.

Astoria prepares to scale down

The group says if shareholders don’t approve resolutions at today’s general meeting its performance will continue to be driven by global equity markets.

Alaris flags a better second half

The radio frequency technology company says its orders are lumpy due to long sales cycles.

Netcare sells hospitals to RH Bophelo

Last year’s acquisition of Akeso Clinics was conditional on the sale of the Rand and Bell Street hospitals.

Business: Black Box Shows Similarities in Lion Air, Ethiopian Crashes

Investigators into the 737 MAX Ethiopian Air Boeing 737 Max crash have confirmed what seemed to most aviation regulators from the start; that the crash was...

Business: ANALYSIS: Deutsche-Commerzbank Tie-Up Smacks of Despair

Germany's two biggest banks Deutsche Bank and rival Commerzbank confirmed on Sunday confirmed they are formally discussing a merger, an implicit acknowledgment that both lenders face...

19 March 2019

Sun City casts a shadow over Sun International

The hotels and casinos group expects trading in South Africa to remain subdued due to continued pressure on disposal income.

ADvTECH boosts numbers through expansion

The private education group has grown its presence outside SA, while its staffing business has also profited from the move to alternative markets.

Ascendis to revise strategy if Remedica sale proceeds

The healthcare group has withheld an interim dividend so that it can retain cash and pay down debt.

Grand Parade reviews strategy after Dunkin’ Donuts failure

The investment group blames the poor performance on the challenges of launching a premium brand in a tough trading environment.


Is the Woolies water worth is mettle? Will it amalgamate the value investors need?

The Week Ahead of 18 March 2019

The S&P 500 rose by 2.9% to close at a 2019 high of 2822.5. It is now 20% higher than at its low point on Christmas...

Bell rings up strong global sales

The group is investing in an expanded range of trucks due to strong global demand, while local conditions remain subdued.

Hulamin flags lower headline earnings

The aluminium products manufacturer has revised down expectations for its 2018 results, due out today.

HomeChoice blames Post Office for weak sales

The group says second-half retail sales were impacted by a backlog at the Post Office, which meant its catalogues weren’t delivered on time.

Raven Property eyes growth in Russian e-commerce

The Russian warehouse investor says occupancy levels are benefiting as market fundamentals in the market improve.

18 March 2019

Steinhoff’s R100 billion accounts fraud

PwC’s first report following an investigation into the accounts of the furniture retailer found bogus transactions worth more than R100 billion.

Investec on track with demerger

The specialist bank and wealth manager says it's faced challenging conditions in SA and the UK, with market volatility affecting earnings at Asset Management.

Tsogo to unbundle hotels

Tsogo said the separate listing would improve disclosure and allow for a valuation that is not discounted for gaming-related regulatory risks.

Metrofile rises on results release

Shares in the documents storage business sank a week ago after its chief financial officer quit and it warned of weaker results.

Calgro M3 ends Afhco joint venture

The property developer says the end of the JV doesn’t change its long-term strategy of growing annuity income through rentals.

Balwin preserves cash in tough environment

Despite strong demand for its apartments, the property developer remains cautious due to the weak economy, interest rates and policy uncertainty

15 March 2019

Exxaro's dividend soars after a bumper year

The resources group has lifted its full-year dividend by 55% after a year of record production and a bigger payout from Sishen.

Metair charged up after a strong year

The group’s automotive components and battery businesses both delivered strong growth and it expects conditions to remain favourable.

MC Mining pushes ahead with Makhado

The coal producer says phase one of its flagship project has been approved in time to take advantage of positive coking coal prices.

Quantum Foods warns of weaker earnings

The poultry and egg producer has warned of lower first-half earnings after a strong 2018 financial year.

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)

ARC misses targets after tough year

The investment group’s portfolio was affected by the weak economy, with the value of its listed investments declining last year.

RMBH rides on FirstRand’s growth

The investment holding company has narrowed the discount to its underlying intrinsic value to 11.2%.

Capital & Regional falls after reducing its dividend

The real estate investment trust wants to preserve cash to fund investment while maintaining its distribution requirements.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Need to limit uncertainty for foreign acquiring firms

Steps need to be taken to ensure that the Competition Amendment Act doesn’t unjustifiably intrude on the Constitutional rights of foreign acquiring firms and shareholders

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