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.
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
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.
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.
19 October 2020
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.
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
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.
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
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.
SENS
Disposal of 127 Charing Cross Road, London for GBP59.25m
Published date: 02-Feb-2021 09:07:00Result of Placing of existing ordinary shares and preference shares
Published date: 02-Feb-2021 09:07:00YESTERDAY'S BEST READ
According to a JPMorgan report, the fifth commodity supercycle has started, and in this week's Share360 Thema report we want to highlight the various ways by...
