Steinhoff prices Pepco IPO

The final offer price implies a total equity value of its European subsidiary of about R85-billion.

TFG hit with UK impairment

The retail group has reported improving sales but will report a full-year loss after impairment its UK operations.

Sasol sells Mozambique pipeline stake

The energy and chemicals group will receive as much as R5-billion for the 30 percent stake.

Redefine defers dividend decision

The real estate investment trust says its holding back until the end of the year as a precautionary measure due to Covid-19.

Spear declares dividend after tough year

The Cape-focused real estate investment trust says its resilient portfolio has maintained high occupancies in its portfolio.

The Week Ahead

Higher inflation spooks global equity markets.

Of false prophets and false profits

Apparently, I had no idea what I was talking about with Musk and Tesla and what appeared to me to be incredibly obvious risks.

Long4Life considers its options as earnings recover

The lifestyle investment group has not declared a dividend due to a share buy-back programme that may continue.

Absa flags big earnings recovery

Credit impairments have reduced after the blow out during the hard lockdown last year.

Steinhoff to oppose liquidation application

The former owners of Tekkie Town want their business or their money back.

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

Tiger claws its way back

The fast-moving consumer goods group will report a sharp rise in earnings due to cost savings and after big impairments were not repeated.

Famous Brands hit with final GBK impairment

The restaurant group will report a full-year basic loss after the UK burger chain was placed into administration last October.

Astoria offloads CNA stake

The current management team of CNA is taking control at the same price Astoria paid for the stationery chain a year ago.

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

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

Thorts: Put your money where your mask is

Businesses are rethinking the way that they operate and finding ways to adapt and innovate to stay relevant.

CORPORATE ANNOUNCEMENT BY: LONG4LIFE LIMITED

Prosus to acquire more of Naspers

The two companies hope the move will narrow the big discount their shares trade at relative to their underlying value.

Ascendis strikes deal with creditors

Ascendis Health will surrender its international operations to its lenders in exchange for clearing its massive debt burden.

Lewis soars on earnings growth

The retailer says it maintained good momentum in merchandise sales while the health of its debtors book also continued to improve.

Transaction Capital targets bigger stake in WeBuyCars

The company has resumed dividend payments after the used vehicle e-commerce business contributed to a strong first half.

Brait gets court sanction for Virgin restructuring

The investment firm says measures taken will have a big impact on the sustainability of the health club chain.

The global pandemic drove many of us to thinking how to make the world a better place, but how can we make a difference through ESG investing?

Environmental, Social, and Governance (ESG) considers three central factors in measuring the sustainability and societal impact of an investment in a company or business.

Curro acquires HeronBridge College

The private schools group says the acquisition is aligned with its intention to expand its geographical footprint and extend its education offering.

CORPORATE ANNOUNCEMENT BY: ASCENDIS HEALTH LIMITED

CORPORATE ANNOUNCEMENT BY: ASCENDIS HEALTH LTD

Pepkor to report bumper first half

A lower interest bill and improved trading have contributed to a big improvement in interim earnings.

Harmony benefits from higher gold price

The gold mining company encountered production issues and rising costs due to Covid-19.

Barloworld flags improve earnings

Apart from improved performances from its Equipment business, the group has benefitted from acquisitions.

Reunert returns to profitability

While it continues to be impacted by the Covid-19 pandemic, it says its overall financial results have improved notably.

Knowing when to go long or to short the market requires great skill, with only 1% of hedge funds managers surviving beyond 10 years

The most common of the hedge fund strategies - representing two thirds of the industry- involves taking long positions in equities...

Rebosis deal talks continue

The real estate investment trust has reported negative distributable income due to a big deferred payment liability.

Hyprop raises the maximum in oversubscribed book build

The real estate investment trust sold the maximum number of shares allowed under the authority of its shareholders.

Adapt IT CEO takes time off as shares sag

The technology group says it has granted Sbu Shabalala a three-month leave of absence to sort out personal matters.

Clicks buys Pick n Pay pharmacy business

The health, beauty and pharmacy retailer says the acquisition will speed up the rollout of its nationwide pharmacy network.

AngloGold Ashanti cushioned by gold price

The gold mining company has reported a decline in first-quarter production as operations in Brazil and Ghana were impacted by Covid-19.

Raubex rallies on rising order book

The construction and road-building group has reported a strong second-half recovery as it bulks up its order book.

Novus rallies as it builds cash position

The print and packaging company says cash generation and careful cash preservation saw it end the year with more in the bank.

DealMakers South Africa M&A Analysis Q1 2021

Round up of South African M&A activity for Q1 2021 plus the M&A and GCF league tables

Montauk seals European RNG deal

The agreement will result in its renewable natural gas used to make fuel for the European vehicle market.