NEWS ARCHIVES


27 August 2020

Nedbank impacted by the Great Lockdown Crisis

The banking group is hopeful that impairments will decline and client activity will continue to improve as the year progresses.

Bidcorp prepares for the new normal

The food services company says a majority of its customers emerged from hibernation and sales continue to recover.

Adcock not dispensing a dividend

The pharmaceuticals group says it prefers to adopt a prudent cash preservation approach until the full impact of Covid-19 is better understood.

An Apple a day…?

Ingham Analytics in "An Apple a day...?" has some thought-provoking stats to consider.

Murray hit by Covid-19 impairments

The engineering and construction services group says its exposure to natural resources positions it well for a recovery.

Stadio makes progress with branding strategy

The tertiary education group says Covid-19 has created a shift in the perception and attractiveness of distance learning.

Resilient comes through with dividend

The real estate investment trust says it cannot provide any guidance for the year ahead due to the ongoing uncertainty.

CORPORATE ANNOUNCEMENT BY: Nedbank Limited

CORPORATE ANNOUNCEMENT BY: ADCOCK INGRAM

CORPORATE ANNOUNCEMENT BY: Stadio Holdings Limited




26 August 2020

Dis-Chem benefits from online shift

The discount pharmacy chain says Covid-19 has matured the e-commerce environment and consumer adoption by three to five years.

Lewis declares dividend despite Covid-19 impact

The furniture and appliances retailer plans to open 20 new stores this year despite the lingering impact of the pandemic.

Imperial positioned for changing market trends

The logistics group has been impacted by Covid-related costs but says it is well positioned to capture new opportunities that arise.

Italtile optimistic about its prospects

The tile retailer and manufacturer is paying a final dividend and plans to grow its store network in the year ahead.

Covid-19 bores into Master Drilling’s performance

The drilling specialist says many of the 23 countries where it operates imposed restrictions due to Covid-19.

CORPORATE ANNOUNCEMENT BY: Master Drilling Group Limited

CORPORATE ANNOUNCEMENT BY: Lewis Group




25 August 2020

Absa battered by rising bad debts

The banks says all its business units remain profitable despite the Covid-19 impact on credit impairments.

Aspen rises on potential Europe deal

The pharmaceuticals group has been selling non-core assets to reduce debt that has been worrying investors.

Tongaat fined again for accounting fraud

The FSCA says the restated financial resulted have highlighted the gap that existed between prior public statements and the financial reality.

Famous Brands sells tashas back to founders

The restaurant group has not disclosed how much it received for returning the upmarket cafe chain to full family ownership.

Old Mutual forecasts first-half loss

The group has booked a number of impairments in anticipation of rising death claims and the impact of Covid-19 on the economy and its business.

Bidcorp warns of lower earnings

The global food services business suffered a big decline in fourth-quarter sales and has racked up additional abnormal costs.

CORPORATE ANNOUNCEMENT BY: City Lodge Hotels Limited

CORPORATE ANNOUNCEMENT BY: PEREGRINE HOLDINGS LIMITED




24 August 2020

Sun International lets go of Latam Dreams

The group will use the $160 million from the sale of Sun Dreams to extinguish offshore debt in Latin America and reduce local gearing.

Covid-19 masks Tiger’s recovery

The fast-moving consumer goods group will report a decline in full-year earnings as the pandemic added to its costs.

Fed fortune cookie follie

Andrew Kinsey's latest note analyses the Federal Reserve's latest minutes...

RCL suffers from restaurant closures

The food group will report a significant decline in headline earnings and a basic loss for the year due to hefty impairments.

NEPI Rockcastle offers shares in lieu of dividend

The shopping centre owner wants to protect its balance sheet and liquidity due to Covid-19 fallout.

The Week Ahead

S&P 500 reaches new record high.

Covid crashes ARB's party

The group has booked some impairments as it may take two to three years to get back to pre-Covid-19 levels of activity.

Insimbi optimistic despite Covid-19 challenges

The metals recycler says it lost 7 weeks of revenue in its new financial year due to the hard lockdown.




21 August 2020

Standard Bank’s earnings fall as bad debts rise

The bank says risk remains high and should the outcome be worse than expected, additional provisions will be required.

Nedbank warns of elevated impairments

The banking group says its credit loss ratio will remain above levels reached during the global financial crisis this year.

Gold Fields benefits from new projects, rising gold price

Despite the recent rally, the gold producer says it continues to run and plan its business at lower gold prices.

Mr Price rings up lower sales due to Covid-19

The value retailer claims to have gained market share even as sales were impacted by the lockdown and the challenging economic environment.

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)

Massmart’s interim loss tops R1 billion

Excluding the impact of Covid-19, the mass retailer and wholesaler said its losses for the period would probably have been smaller.

Implats flags earnings bonanza

The platinum producer says a big increase in the dollar basket price for PGMs, together with the weaker rand, are behind the increase.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Working from home, a new normal for investment banks?

Technology has enabled and COVID-19 has forced people to work from home but certain social dynamics, key to keeping industries thriving, cannot be replaced by technology.

CORPORATE ANNOUNCEMENT BY: FREEDOM PROPERTY FUND LIMITED




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