NEWS ARCHIVES
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.
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 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.
20 August 2020
Never a dull day at Office for Truworths
Following a big impairment last year, the retail group has written down UK chain by a further R2.8 billion.
Curro grows learner numbers despite Covid-19
While there has been a decline in enrolments since January, the private schools group is still showing year-on-year growth in learners.
Stimulus surge takes the sting out of COVID-19
Moody's, the ratings agency, made the point recently that COVID-19 is driving business activity in America.
MTN names Ralph Mupita as new CEO
Ralph Mupita has been CFO since 2017 and has played a critical role in developing and executing its strategy, capital allocation and financial performance.
Metair positioned for recovery
The group is focused on new model launches and has approved a big investment to support new vehicle projects.
Sanlam warns of Covid-19 impact
The insurer will book R7.8 billion in impairment charges after Covid-19 impacted the value of its international businesses.
Santam to report lower earnings
The short-term insurer has been impacted by lower underwriting and investment results, as well as impairments.
After a strong start to the year, the engineering and construction services group says Covid-19 contributed to a perfect storm.
Grindrod to report wider loss despite resilient performance
The freight, logistics and financial services group says cash generation remains strong, as does its balance sheet.
19 August 2020
BHP braced for a challenging year
The diversified resources group says it should still generate returns due to its diversified portfolio of high-quality assets.
PPC cements over cracks in its accounts
The cement producer has delayed the release of its annual results due to disruptions caused by Covid-19 and after restating its 2019 numbers.
Northam snaps up more Zambezi prefs
The platinum producer has now bought back close to half the preference shares issued to fund its empowerment deal.
Resilient expects reduced payout
The real estate investment trust says it will stick to its dividend policy despite the impact of Covid-19.
Fortress warns of lower distribution
The real estate investment trust is tweaking its model so it can pay out less to A shareholders due to Covid-19.
Balwin to report lower earnings
The residential property developer held off on a final dividend last year due to uncertainty about Covid-19.
18 August 2020
Sasol to pursue rights issue as impairments result in losses
The exact amount to be raised will depend on how much the energy and chemicals group gets from asset disposals.
Tiger Brands finds buyers for VAMP business
The group will dispose of its meat processing business in two separate transactions worth a total of R428 million.
Afrimat bulks up on iron ore with Coza acquisition
The construction materials and bulk commodities producer will acquire a 25 percent stake in Coza from ArcelorMittal as part of the transaction.
Momentum Metropolitan warns of earnings decline
The insurance group says there has also been a data breach following a cyber attack on one of its subsidiaries.
Libstar supported by robust retail demand
The branded food producer will report a decline in interim earnings after it incurred extraordinary expenses as a result of Covid-19.
SENS
Disposal of 127 Charing Cross Road, London for GBP59.25m
Published date: 02-Feb-2021 09:07:00Result of Placing of existing ordinary shares and preference shares
Published date: 02-Feb-2021 09:07:00YESTERDAY'S BEST READ
Many investors are asking themselves, is there still time to buy into this parabolic run?
