26 April 2021
Shareholders representing more than 44 percent of its shares plan to back an offer by Canadian firm Volaris.
The offer has been made at a significant discount to the net asset value of the property fund.
After a year of volatile markets with high trading volumes, investment banks are posting terrific financial results. In this episode, the hosts give insights into this...
The logistics group says the deal will make it more competitive as it positions itself as a gateway to Africa.
The Indian coronavirus situation is spiralling out of control.
Financial director Jason Quinn has replaced Daniel Mminele as an interim measure.
First-quarter mortgage disbursements continue to be strong and well ahead of the same period last year.
23 April 2021
The health and beauty retailer says shopping patterns have changed as a result of the pandemic.
Interim earnings will be lower but will show a big improvement from the second half of its last financial year.
The diversified mining giant has trimmed coal production for 2021, partly due to the demerger of its SA thermal coal operations.
The company wants to be disciplined in its capital allocation, increasing gold reserves from exploration on existing mine sites.
Weekly summary of Merger & Acquisition activity by South African companies
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
The automotive group says the R250-million acquisition will enhance operational synergies and unlock value.
Weekly summary of corporate finance activity by South African exchange listed companies
It is likely that businesses involved in M&A transactions will, going forward, be required to disclose whether the business has a comprehensive insurance policy in place
22 April 2021
Despite the impact of Covid-19, the retailer says its core SA food and grocery business delivered a market-leading performance last year.
The real estate investment trust says it will consider its profitability, solvency and liquidity at year end before deciding on a payment.
The holding company for Cartrack has retained most of its investors following its listing on Nasdaq.
Cryptocurrency-arbitrage is making its into the mainstream and affords South African investors a unique opportunity to accumulate quick profits from cryptocurrencies with low-risk returns.
As the saying goes, one either has to 'adapt or die'. This applies to most areas of life as well as business where failing to recognize...
The agriculture services group expects interim earnings to be more than a fifth higher than last year.
The platinum miner is sticking to its full-year guidance notwithstanding the ongoing Covid-19 uncertainty.
The wealth manager expects the revamped investment platform to be transformative for the business.
21 April 2021
Mminele is leaving on a no-fault basis following differences with the board on matters of strategy and culture transformation.
The investment group says it is pursuing initiatives to unlock value for shareholders to the extent possible.
Favourable iron ore prices resulted in exceptional profit growth at its Bulk Commodities division.
The drinks group says its SA business has been resilient, while operations outside the country have done well.
The lifestyle investment company has reported an improved second half as its operations recovered from the impact of the hard lockdown.
The digital technology investment company is selling the business for more than its current market value.
20 April 2021
The retailer resumed an IPO evaluation process for its European subsidiary in January.
Less than 2 percent of shareholders chose to take the cash while the rest will get 1 Karooooo share for every 10 Cartrack shares held.
Sales for the three months to end-March are in line with those reported for the first half of its financial year.
The specialist engineering and construction group will contribute to the brownfields expansion of the Tanami gold mine in the Northern Territory of Australia.
The logistics group is narrowing its focus to Africa and businesses serving the continent.
Investment house RECM and Calibre distributed the bulk of its Astoria holding to shareholders, creating liquidity in the stock.