NEWS ARCHIVES


21 October 2020

Pick n Pay buys Bottles for online growth

Although first-half sales were held back by Covid-19, its partnership with the delivery app helped online sales double.

Standard Bank remains on high alert

New waves of Covid-19 infection, subsequent lockdowns and further job losses remain a risk.

Road to nowhere?

Warnings signs abound, as was pointed out in "Gold a must?" , and investors need to take heed with the investment choices they make.

Steinhoff fined for dodgy accounts

The retail group has received the maximum permissible fine by the JSE for publishing incorrect, false and misleading financials

BHP sticks to guidance

The diversified resources group says first-quarter production was supported by its metallurgical coal and iron ore operations.

Orion resumes drilling for new prospects

The exploration company says any new discoveries near Prieska in the Northern Cape will benefit from the infrastructure it is already developing.

The Week Ahead

Joe Biden's lead over Donald Trump stretches even further.

CORPORATE ANNOUNCEMENT BY: Mpact Limited




20 October 2020

Omnia to wipe out debt with Oro Agri sale

The fertiliser and chemicals group says the disposal gives it the opportunity to de-risk its capital structure and return cash to shareholders.

CMH earnings stall on Covid-19

The automotive group is paying a dividend of 100c a share as its business returns to some form of normality and predictability.

Calgro positioned for growth after Covid-related loss

The housing developer has streamlined its business and says it is positioned for a return to profitability once conditions normalise.

South32 sticks to guidance despite Covid setback

The diversified mining group says it will also deliver immediate value to shareholders by resuming share buybacks.

Europa Metals rallies on grant award

The grant from the Spanish government will be used for research and development at its Toral lead, zinc and silver project.

Oasis Crescent warns of lower distribution

The property fund says it has been cushioned by its high-quality tenant base and debt-free balance sheet.

CORPORATE ANNOUNCEMENT BY: Combined Motor Holdings Limited

CORPORATE ANNOUNCEMENT BY: ELB GROUP LIMITED




19 October 2020

Afrox receives takeout offer

Controlling shareholder Linde says the company is more suited to an unlisted environment due to the poor tradability of its shares.

Metrofile takeover hampered by Covid-19

The document storage company says a private equity consortium is still keen to acquire it but is hampered by Covid-19.

York Timber finally out of the woods

Following a big turnaround in earnings, the forestry company is establishing its first soft citrus crop as it diversifies its business.

Nickel for Elon?

Last week, Ingham Analytics issued an Energy Monitor, a new theme on developments in the broad energy basket, and today they are issuing their first Mining...

Thorts - Tax pitfalls when issuing shares at a discount

From a tax perspective, even if shares are issued at a discount for sound commercial reasons, it may have adverse tax consequences for the company or...

RDI reports improved rent collections

The real estate investment trust says negotiations with tenants and clients are ongoing.

Renergen narrows its losses as it prepares to pump its first gas

The emerging helium and natural gas producer said earnings last year were impacted by once-off transactions costs.




16 October 2020

Adcorp bounces back

The recruitment and training company will report improved earnings and says its made good progress in strengthening its balance sheet.

PSG declares ad hoc dividend after Capitec unbundling

The group reported a headline loss following a decline in the share prices of its listed investments.

Less than three months to go before your offshore allowance expires!

It has never been more crucial for South Africans to diversify their portfolios globally.

Nickel for Elon?

Last week, Ingham Analytics issued an Energy Monitor, a new theme on developments in the broad energy basket, and today they are issuing their first Mining...

Thorts - Tax pitfalls when issuing shares at a discount

From a tax perspective, even if shares are issued at a discount for sound commercial reasons, it may have adverse tax consequences for the company or...

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)

Mediclinic remains cautious despite recovery

The private hospital operator expects to report a 5 percent decline in first-half revenue, weighed down by its SA operations.

Pepkor warns of Covid hit on earnings

The retail group said it was impacted by lost sales, higher provisions and the likely impairment of goodwill and assets.

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

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

CORPORATE ANNOUNCEMENT BY: PSG GROUP LIMITED




15 October 2020

The end for Famous Brands and GBK

Sky News reported that a British businessman reached a deal to buy the upmarket burger chain through a pre-pack administration.

Hulamin gets off lightly with new US tariffs

The aluminium products manufacturer says a number of countries have had higher anti-dumping duties imposed on them.

Cartrack revs up dividend despite Covid

The company says continued investment in its business and high barriers to entry should support future earnings.

Coronation lifts assets and earnings

Fund under management have recovered from March, when equity markets toppled due to Covid-19.

Anglo reports improving sales by De Beers

With buying increasing ahead of the holiday season, De Beers says it is too early to call a sustained recovery in trading conditions.

Montauk targets 2021 Nasdaq listing

The renewable energy company says conditions are now favourable to implement the proposed listing in the US.




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