PPC removes DRC millstone

The cement producer has strengthened its position after reaching an agreement that removes the exposure of its SA business to DRC debt.

Ascendis debt mars first-half performance

The pharmaceuticals and healthcare group reported an interim loss despite a strong operational performance.

Super Group bulks up its Australian fleet business

Subsidiary SG Fleet has acquired the Australian and New Zealand business of LeasePlan, a fleet management and leasing services group.

Nampak encouraged by trading results

The packaging group says its financial performance is largely in line with expectations, despite Covid-19 restrictions.

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)

Workforce reports improved second half

While full year revenue and earnings fell due to Covid-19, the group says most divisions bounced back after a difficult first half.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts: Back to basics: Preliminary aspects to consider when drafting a sale agreement

Parties should always be aware that they can regulate and agree on any terms they wish (provided such terms are within the confines of the law)

CORPORATE ANNOUNCEMENT BY: ASCENDIS HEALTH LIMITED

CORPORATE ANNOUNCEMENT BY: Revego Africa Energy Limited

Mr Price gets Power Fashion go-ahead

The transaction to acquire the 170-store retailer becomes effective tomorrow after it received competition authority approval.

Balwin recovers from tough first half

The residential property developer says sales were supported by its online sales platform and record low interest rates.

Jasco returns to a profit

Despite reduced revenue, the technology group benefitted from cost-cutting following a restructuring of its operations.

York Timber is back in the black

The timber company generated more cash from its operations as it managed its stock levels more efficiently.

Gemfields sinks into a loss due to Covid

The precious stones group believes the tough decisions taken in 2020 position it for an optimal recovery this year.

TeleMasters optimistic despite first-half loss

The technology investment company was impacted by more customers working from home and some closing their businesses entirely.

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CORPORATE ANNOUNCEMENT BY: Adapt IT Holdings Limited

Renergen rallies on wild-card results

The emerging helium and natural gas producer says tests from well samples show higher helium concentrations.

Orion Minerals raises estimates at Okiep

The exploration and development company is performing due diligence after acquiring an option agreement on the copper project.

SA Corporate Real Estate revalues portfolio

The real estate investment trust says divestments over the past year have placed it in a position to make a distribution.

Kibo sets date for MAST listing

The company plans to take advantage of demand for reserve power to back up the renewable energy market.

Insimbi bounces back

The metals recycling company will report improved full-year results despite a weaker first half.

South32 pushes out end date for coal sale

The diversified mining company says work is progressing to finalise arrangements that will underpin the sustainability of the business.

CORPORATE ANNOUNCEMENT BY: SA Corporate Real Estate Limited

Pandemic rains on Grand Parade

With restrictions on casinos for much of the period, the investment group reported a loss for the six months ended December.

Invicta in talks over Kian Ann

The industrial investment holding company says a positive outcome could have a material effect on its share price.

Eastplats reports improved operational performance

The platinum and chrome retreatment company has swung to a loss due to higher non-cash finance costs, forex losses and a legal settlement.

Rex Trueform hit by Covid-19

The investment holding company says its Queenspark chain of clothing stores reported a first-half loss.

Advanced Health reports rising turnover

The day hospital group says its facilities have become safe havens for specialists to operate in.

The Week Ahead

The stuck container ship in the Suez canal could cause global supply chain disruptions.

EOH to report reduced loss

The technology services group says it has made progress in reducing its debt and exiting some legacy contracts.

Ascendis prepares investors for a first-half loss

The healthcare and pharmaceuticals group says its net finance costs more than doubled in the six months to end-December.

Remgro earnings hit by Mediclinic and FirstRand

The investment holding company says the rest of its portfolio had a resilient performance during the Covid-19 pandemic.

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)

Sabvest rallies on NAV improvement

While most of its investee companies are paying interest and dividends again, Sabvest has reduced its dividends for the first time in 20 years.

Sygnia joint CEO to step down

Magda Wierzycka will remain a non-executive director and shareholder of the multi-management company she co-founded in 2006.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts: Adjusting for COVID-19 in business enterprise valuations

The pandemic has brought significant complexity when determining the value of underlying assets - valuers should take care in ensuring that specific challenges are addressed

CORPORATE ANNOUNCEMENT BY: VALUE GROUP LIMITED