NEWS ARCHIVES


26 January 2021

Woolworths soars on upbeat sales update

The retailer reported particularly strong turnover in the run-up to Christmas, with Australian sales also picking up.

Cashbuild benefits from DIY demand

The building materials retailer will report a strong rise in first-half revenue and earnings as it recovers from the hard lockdown.

Ascendis reconsiders disposal strategy

A consortium of lenders may veto asset sales, preferring a recapitalisation to reduce debt to a sustainable level.

Steinhoff puts Pepco plans back on the table

The retail group says it is considering options for its European retail business, sending its shares more than 15 percent higher.

Harmony on target with gold output

The gold mining company says the integration of the Mponeng mine and Mine Waste Solutions has gone according to plan, contributing to production.

Old Mutual warns of lower earnings

The insurance group says while sales are showing a recovery, it is concerned about the impact of Covid-19.




25 January 2021

Redefine cans 2020 dividend

The real estate investment trust says its solvency and liquidity would be at risk if it met the minimum distribution requirement.

Mr Price reports record market share as sales grow

The value retailer warns that the end of government support initiatives is likely to affect discretionary spending.

Mediclinic benefits from unseasonably high inpatient activity

The private hospital group says it is working with health authorities to support government-led vaccination roll-out plans.

Pan African prepares for solar power

The gold mining company expects to generate the first power from the solar photovoltaic plant in the third quarter of the year.

Reinet grows NAV despite weaker BAT

The investment fund has been reducing its stake in British American Tobacco and increasing its insurance investment.

The Week Ahead

President Biden stamps his authority on the White House.




22 January 2021

Massmart reports lower sales due to Covid-19

The retail and wholesale group says fourth-quarter sales were weaker but showed an improvement from earlier in the year.

The gift that keeps on giving for BHP

Is the share price fair? What’s up with iron ore?

Gold Fields hires former Amplats boss as CEO

Chris Griffith will take over from Nick Holland, who has led the gold mining company for the past 13 years.

South32 makes progress with disposals

The diversified mining company is targeting the divestment of its SA Energy Coal business by the end of March.

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

Weekly summary of Merger & Acquisition activity by South African companies

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

Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)

RDI set back by new restrictions

The real estate investment trust says new lockdown measures will delay the expected recovery in its operating assets.

Barloworld sells Motor Retail unit to JV

The industrial holding company will retain a 50 percent stake in the business through its partnership with the Akoo family.

Weekly corporate finance activity by SA exchange-listed companies

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




21 January 2021

Richemont buoyed by Chinese shoppers

Sales grew in all regions with the exception of Europe, where they were curtailed by renewed public health protection measures and a halt in tourism.

Sibyane-Stillwater beats production forecasts

The platinum group metals and gold producer says it is well positioned to deliver a more consistent and improved performance this year.

BHP maintains guidance as iron ore gains offset declining coal

The diversified resources group has raised iron ore guidance for the year after restarting its Samarco operations in Brazil.

Montauk gets go-ahead for JSE listing

Local investors will get shares in Nasdaq-listed Montauk Resources without impacting their foreign investment allowances.

Textainer takes out TAP Funding

Following the TAP deal, the company owns about 89 percent of the shipping containers in its fleet.




20 January 2021

Foschini cushioned by local sales

Turnover at its African operations was boosted by the acquisition of Jet in September.

Hammerson hit by new restrictions

The shopping centre owner has collected 41 percent of rent owed for the first quarter as lockdown restrictions are tightened in the UK and Europe.

Glencore sells Mopani stake to ZCCM

The diversified commodities marketer and trader has transferred its effective 73 percent interest in the copper mining company.

PSG buys back cheap shares

The investment holding company still trades at a significant discount to the value of its underlying investments.

Europa Metals starts drilling at Toral

The drilling programme forms part of a pre-feasibility study of the Spanish lead, zinc and silver project.

CIO Viewpoint: Cryptocurrencies move from pizza to regulatory scrutiny

Faced with expectations for inflation, low-to-zero interest rates and slim returns from traditional safe havens such as sovereign debt, investors are looking more closely at cryptocurrencies




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