23 June 2021
Omnia's strong result and R6 dividend per share is being overshadowed by a R900m tax dispute with SARS, tucked away in the long-form announcement.
Grindrod Limited released a pre-close business update for the five months to May 2021, with a positive narrative overall thanks to activity in commodities.
Curro terminated 5% of the learner base in January due to non-payment of fees. It's a stark reminder of what lockdown did to the middle-class.
Hudaco has announced a significant jump in interim profit, as operations return to normal vs. a nightmarish base in 2020.
The leaders of the Group of Seven (G7) countries agreed to stop subsidising fossil fuels within four years.
22 June 2021
Apple is now under investigation by German antitrust authorities. This is just the latest news in a long line of regulatory risks for the FAANG giants.
Despite supply chain challenges from chip shortages, Ford and General Motors have increased their second quarter earnings expectations.
Renergen has announced a 1.1% helium discovery at its Evander project.
Grand Parade Investments isn't going down without a fight, as the parties "engage with the Competition Commission" re: the Burger King decision.
Naspers and Prosus released their annual results announcement for the year ended March 2021, a watershed year for growth-oriented investments.
21 June 2021
The Australian market offers much greater liquidity in the small cap space than the JSE, thanks to a far broader spread of retail shareholders.
Investors in Accelerate and Fortress will have to be patient for more dividends, with both property funds unable to pay distributions, albeit for different reasons.
Sephaku is the latest company to add to the positive construction industry narrative that is becoming a feature of the market.
A new reporting framework should drive improved thinking and reporting on the issues and relationships that truly drive enterprise value.
The US Fed indicates that US interest rates could rise sooner than anticipated.
18 June 2021
Imperial Logistics is acquiring Deep Catch, an integrated logistics business headquartered in Namibia. It's a wonderful case study for techniques used in structuring deals.
The Healthy Company, written by Professor Mervyn King SC and Leigh Roberts, is a handbook for directors and executives - and those on their way to...
Weekly summary of Merger & Acquisition activity by South African companies
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
As more listed vehicles start trading and gain significant scale, there will be serious activity in this space which bodes well for the future of infrastructure...
Weekly summary of corporate finance activity by South African exchange listed companies
17 June 2021
Mpact has released a strong earnings update and confirmed that R500m has been earmarked for further investment in South Africa.
Arrowhead's independent board has assessed Fairvest's approach and determined that the firms should work together to propose a merger.
The Investec Australia Property Fund rebranded to Irongate Group in late 2020 and has successfully tapped the market for capital.
Bell's profitability seems to be recovering quickly, which activist shareholders will be watching with interest.
Section 12J is an investment tax incentive designed to encourage investment into a range of private companies which meet defined criteria.