Mediclinic cautions on third Covid wave

The private healthcare services group says a new wave of the pandemic in Europe will slow its recovery.

Italtile maintains momentum

The tile and sanitaryware manufacturer and retailer says if conditions continue, earnings may be more than 70 percent higher.

PODCAST: Magic Markets Ep21: Crypto Arbitrage

Due to pricing differences in Bitcoin between foreign and local markets, there are profits that can be made. Future Forex helps people execute the arbitrage and...

Octodec defers dividend decision

Due to Covid-19 uncertainty, the property group will wait until publication of its full-year results before making any decision on its 2021 distribution.

RDI shareholders back buyout offer

The UK and German-focused real estate investment trust is being bought by strategic shareholder Starwood Capital.

Spanjaard rallies on possible buyout

Shareholder Spanjaard Group may make an offer to buy out minority shareholders in the lubricants and chemical products group.

PSG Konsult weathers Covid-19 challenges

The financial services group says it was able to operate successfully in a challenging environment due to investment in its systems.

ENX sells UK forklift unit

The industrial group says the disposal represents an attractive opportunity to monetise its investment at a decent valuation.

Merafe reports improved production

The company, which shares in a joint venture with Glencore, attributes the rise in output to production efficiencies.

RAC prepares for Astoria distribution

Following the distribution, RECM and Calibre will be left with a majority stake in Goldrush as its biggest investment.

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)

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts: Digital mergers to face more scrutiny in South Africa

Competition authorities must strike the right balance between careful scrutiny of digital mergers and the needs of an increasing number of South Africans to access innovative...

PPS RESILIENCE PRODUCES SOUND PERFORMANCE IN UNPRECEDENTED YEAR

Professional Provident Society (PPS), the financial services company focused solely on providing financial solutions for graduate professionals, produced a resilient 2020 performance.

CORPORATE ANNOUNCEMENT BY: ENX GROUP LIMITED

EOH makes progress with turnaround

The technology services group has reported a decline in revenue after selling some businesses but says earnings are of a better quality.

Zeder considers asset sales

Following a shift in strategy, the investment holding company says it has had a number of approaches from third parties keen on its assets.

Covid-19 disrupts Hulamin recovery

The aluminium products manufacturer says the lockdown in SA and across the globe impacted sales of all products last year.

Bell falls into a loss due to Covid-19

The maker and distributor of articulated dump trucks and agricultural machinery may receive an offer to buy out minorities.

Finbond buys stake in US lender

The mutual bank and microlender says the deal will enhance its dollar earnings and expand its digital offering to more US states.

PPS RESILIENCE PRODUCES SOUND PERFORMANCE IN UNPRECEDENTED YEAR

Professional Provident Society (PPS), the financial services company focused solely on providing financial solutions for graduate professionals, produced a resilient 2020 performance.

CORPORATE ANNOUNCEMENT BY: ZEDER INVESTMENTS LIMITED

CORPORATE ANNOUNCEMENT BY: HULAMIN

Capitec doubles dividend as earnings recover

After a tough first half, the bank says earnings recovered in the second six months as it grew customer numbers and its digital offering.

Renergen comes clean on mystery customer

The company halted trade in its shares in Australia after a market announcement fell short on disclosure.

Raubex reports second-half recovery

The construction and road-building group has reversed a first-half loss as all three divisions returned to profitability.

Tharisa targets remain intact

The platinum and chrome miner says production has been resilient despite extreme weather conditions and the ongoing impact of Covid-19 restrictions.

Schroder says Seville centre may breach banking covenant

The real estate investment trust says the Metromar centre is about to be revalued and it is working with its lending partner.

CORPORATE ANNOUNCEMENT BY: ZARCLEAR HOLDINGS LIMITED

Hammerson confirms it may sell its retail parks

The shopping centre owner is disposing of some of its properties in order to reduce debt.

Sirius maintains growth rate

The German-focused real estate growth says its rental roll and cash collection remained resilient despite Covid-19.

Renergen strikes deal with auto supplier

The emerging helium and natural gas producer will supply helium to inflate car airbags.

Ellies granted liquidation order

The consumer and commercial electronics group applied to liquidate its manufacturing division after cutting financial assistance.

BHP joint venture files for bankruptcy protection

Samarco has filed for a judicial reorganisation to keep creditors off its back to it can continue operating.