27 August 2020
The banking group is hopeful that impairments will decline and client activity will continue to improve as the year progresses.
The food services company says a majority of its customers emerged from hibernation and sales continue to recover.
The pharmaceuticals group says it prefers to adopt a prudent cash preservation approach until the full impact of Covid-19 is better understood.
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The engineering and construction services group says its exposure to natural resources positions it well for a recovery.
The tertiary education group says Covid-19 has created a shift in the perception and attractiveness of distance learning.
The real estate investment trust says it cannot provide any guidance for the year ahead due to the ongoing uncertainty.
26 August 2020
The discount pharmacy chain says Covid-19 has matured the e-commerce environment and consumer adoption by three to five years.
The furniture and appliances retailer plans to open 20 new stores this year despite the lingering impact of the pandemic.
The logistics group has been impacted by Covid-related costs but says it is well positioned to capture new opportunities that arise.
The tile retailer and manufacturer is paying a final dividend and plans to grow its store network in the year ahead.
The drilling specialist says many of the 23 countries where it operates imposed restrictions due to Covid-19.
25 August 2020
The banks says all its business units remain profitable despite the Covid-19 impact on credit impairments.
The pharmaceuticals group has been selling non-core assets to reduce debt that has been worrying investors.
The FSCA says the restated financial resulted have highlighted the gap that existed between prior public statements and the financial reality.
The restaurant group has not disclosed how much it received for returning the upmarket cafe chain to full family ownership.
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.
The global food services business suffered a big decline in fourth-quarter sales and has racked up additional abnormal costs.
24 August 2020
The group will use the $160 million from the sale of Sun Dreams to extinguish offshore debt in Latin America and reduce local gearing.
The fast-moving consumer goods group will report a decline in full-year earnings as the pandemic added to its costs.
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The food group will report a significant decline in headline earnings and a basic loss for the year due to hefty impairments.
The shopping centre owner wants to protect its balance sheet and liquidity due to Covid-19 fallout.
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The group has booked some impairments as it may take two to three years to get back to pre-Covid-19 levels of activity.
The metals recycler says it lost 7 weeks of revenue in its new financial year due to the hard lockdown.
21 August 2020
The bank says risk remains high and should the outcome be worse than expected, additional provisions will be required.
The banking group says its credit loss ratio will remain above levels reached during the global financial crisis this year.
Despite the recent rally, the gold producer says it continues to run and plan its business at lower gold prices.
The value retailer claims to have gained market share even as sales were impacted by the lockdown and the challenging economic environment.
Weekly summary of Merger & Acquisition activity by South African companies
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
Excluding the impact of Covid-19, the mass retailer and wholesaler said its losses for the period would probably have been smaller.
The platinum producer says a big increase in the dollar basket price for PGMs, together with the weaker rand, are behind the increase.
Weekly summary of corporate finance activity by South African exchange listed companies
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.