NEWS ARCHIVES


08 December 2020

Dr Copper gives a diagnosis

Ingham Analytics say that copper, along with other industrial and agricultural commodity prices, has been on a strong run.

Amplats raises guidance after fixing faulty unit

The platinum group metals company fixed the Phase A unit at its ACP Convertor Plan more than three months ahead of schedule.

Implats to buy back bonds as cash rises

The PGM producer says the move will reduce its debt liability and reduce the potential for future dilution to existing shareholders.

MC Mining on the lookout for a CEO

The company does not expect the departure of Berlin to impact a funding package for its flagship Makhado coal mine.

Is it time to buy South African property? And, if so, how should you do it?

As we all know 2020 has been a tough year for the South African economy.

Magic Markets Ep4: Pension Tension (with Nerina Visser)

Nerina is a highly respected expert in South African financial markets, with a particular focus on ETFs.

Long4Life launches new share buyback

After buying back more than 40 million shares earlier this year, the investment company plans to spend up to R114 million repurchasing more stock.

NEPI Rockcastle sells listed portfolio to fund repurchase

The Central and Eastern Europe property group cashed in on an improvement in the Unibail Rodamco Westfield share price.




07 December 2020

MTN poaches Telkom finance boss

Tsholofelo Molefe replaces Ralph Mupita as group CFO and will support the execution of its growth and deleveraging strategy.

Kumba tweaks 2020 guidance

The iron ore miner says it is ensuring that its value chain remains balanced, with finished stock maintained at optimal levels.

Wescoal under pressure as Eskom sales decline

The coal producer says offtake by Eskom and other trading clients has not recovered to pre-lockdown levels.

E-commerce drives Stenprop inquiries

The multi-let industrial property group says there is demand from business wanting to start or grow their e-commerce operations.

Metair recharges guidance for battery business

Revenue from its energy storage business will be down by less than expected while its automotive components vertical has been more affected.

The Week Ahead

USD continues to weaken as risk on appetite improves.

Load shedding provides a spark for Ellies

The consumer and commercial electronics group says it benefitted from rising demand for alternative energy solutions.




04 December 2020

No dividend from illiquid Rebosis

The property fund says there is a material uncertainty on its ability to continue as a going concern.

Hyprop reports higher Black Friday footfall

The shopping centre owner says tenants at its malls spread specials out for the month of November due to Covid-19.

Neither a borrower nor a lender be

Ingham Analytics have issued “Neither a borrower nor a lender be” which looks at South African banks from a macro view.

TOP 35-UNDER-35 2020: MEET THE WINNERS

The Top-35-under-35 competition was launched by the South African Institute of Chartered Accountants (SAICA) in 2014 to recognise its young CA(SA) achievers.

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

Weekly summary of Merger & Acquisition activity by South African companies

Weekly corporate finance activity by SA exchange-listed companies

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

Oceana raises dividend after decent catch

The Lucky Star owner says it was supported by continued demand and firm pricing for its products.

Exxaro increases coal production

The resources group says higher volumes and the weaker rand have cushioned a decline in coal prices.

Ellies recovery comes through

The electronics manufacturer and distributor will report a profit after slashing operating expenses and reducing losses at its manufacturing division.

Alexander Forbes maintains earnings in tough environment

The employee benefits business says its clients were badly affected by the lockdown, with retrenchments, salary cuts, reduced retirements savings and business closures.

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

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

Thorts - Despite the “pandemic quarter" SA’s agricultural sector remains buoyant

As one of the few sectors that seems able to successfully rally against South Africa’s economic challenges, agriculture’s investment potential is worth exploring

Thorts - Use of knowledge qualifiers in respect of warranties in private company M&A transactions

The use of a knowledge qualifier is to limit the reach of a contractual provision so that it only applies to what the relevant party “knows”.

CORPORATE ANNOUNCEMENT BY: OCEANA GROUP




03 December 2020

Sasol prepares to bank Lake Charles proceeds

The energy and chemicals group says it has also successfully concluded talks with its lenders to keep its amended debt covenant in place.

EOH stages big turnaround

The technology services group is still trying to sell its IP businesses as it reduces debt while refinancing talks continue.

Froth back

Ingham Analytics have updated their assessment of Capitec in "Froth back?" in which they analyse the financial situation and flesh out the valuation metrics.

Tongaat soars as it returns to profitability

The sugar producer and landowner has also made progress in reducing debt in line with its commitment to lenders.

PPC reports solid improvement

The cement producer says after a difficult start to the year due to Covid-19, sales recovered strongly in the second quarter.

Nedbank to stick with SARB dividend guidance

The bank has reported a continued improvement since August but says a dividend is unlikely this year.

Remgro mops up illiquid RCL stock

The investment holding company says an offer to buy up to 100 million shares should not be seen as a takeover.

Altron raises price for Bytes listing

The technology group is planning to demerge and list its Bytes UK business on the London Stock Exchange before Christmas.

Redefine postpones dividend as it reduces debt

The real estate investment trust says offshore dividends were withheld and Covid-19 had a big impact on its local portfolio.

Equites to develop new Amazon centre

The distribution centre is the second development deal to arise from its partnership with UK property developer Newlands.

Ascendis well positioned for Covid-19

The pharmaceuticals group says its drugs and hospital equipment should offset the negative commercial impact of the pandemic.

CORPORATE ANNOUNCEMENT BY: Capital Appreciation Limited




02 December 2020

Magic Markets Ep3: Touch my junk (bonds)

In the third episode of Magic Markets, we ask you to touch our junk.

Nampak unpacks full-year loss due to Covid-19

The packaging group was impacted by lockdowns, the ban on alcohol sales in SA and hefty impairments.

Sygnia rallies on upbeat forecast

After a good first-half, the fund manager says it will report strong full-year earnings growth.

CORPORATE ANNOUNCEMENT BY: REDEFINE PROPERTIES LIMITED

Altron raises price for Bytes listing

The technology group is planning to demerge and list its Bytes UK business on the London Stock Exchange before Christmas.

CORPORATE ANNOUNCEMENT BY: AFRIMAT LIMITED

Redefine postpones dividend as it reduces debt

The real estate investment trust says offshore dividends were withheld and Covid-19 had a big impact on its local portfolio.

Equites to develop new Amazon centre

The distribution centre is the second development deal to arise from its partnership with UK property developer Newlands.

Ascendis well positioned for Covid-19

The pharmaceuticals group says its drugs and hospital equipment should offset the negative commercial impact of the pandemic.




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