13 August 2020
Although pharmacy sales have not fared as well, the group has reported a strong rise in retail and wholesale turnover so far this year.
The financial services group says an increase in credit impairments is largely to blame for an expected drop in earnings.
The banking group says credit impairments were four times higher in the first half of its financial year due to Covid-19.
The company says its operating free cash flow margin is likely to double following a 25 percent jump in the gold price.
Property investment and development company Zenprop plans to exercise its option to sell Mall of the South Property Development.
Following Competition Tribunal approval, the private equity buyout still hinges on a couple of outstanding conditions.
12 August 2020
The energy and chemicals group says it was impacted by Covid-19 and a severe decline in crude oil and chemical product prices.
The diversified resources group says while the operating environment remained challenging, its managed operations were resilient.
The wealth manager says while it is used to managing through financial market volatility, the last six months were unprecedented.
The higher education group expects first-half core headline earnings to be as much as 30 percent higher than last year.
The building and construction materials group says Covid-19 could not have come at a worse time for the industry.
Gold breaks through $2000 per ounce.
11 August 2020
The gold producer has reported a big increase in free cash flow, assisted by a 26 percent year-on-year increase in the gold price.
The luxury goods group plans to reward shareholders with tradable warrants after trimming its dividend ratio.
How high can BHP go? It is already a shade below AUD40 on the Australian exchange whilst on the JSE the stock is up 20% year...
The furniture and appliances retailer says it lost out on sales and customer account payments in March as the lockdown took effect.
The private schools group says first-half earnings were impacted by a R67 million impairment but recurring earnings will be higher.
Gold breaks through $2000 per ounce.
The Australian minerals exploration and development company will use the proceeds from the share issue to advance its Prieska project in the Northern Cape.
07 August 2020
The cell phone network operator says it is focusing its future strategy on its African markets, where growth has been strong.
After a resilient first-half, the paper and packaging group resumed has dividends, recognising the importance to shareholders.
The mining and commodities marketing giant is prioritising debt due to the uncertainties presented by Covid-19.
The shopping centre owner will ask shareholders for more cash to reduce debt and strengthen its defences against Covid-19.
Weekly summary of Merger & Acquisition activity by South African companies
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
The metals processing company has entered a JV that will accelerate copper production at its Sable Refinery in Zambia.
Weekly summary of corporate finance activity by South African exchange listed companies
The sector has had to transform radically, not only to survive the current situation, but also to ensure that it remains viable and sustainable.
06 August 2020
The gold producer will report a strong rise in interim earnings as it maintained production amid a rising gold price.
The gold producer has come in just shy of its full-year production guidance due to Covid-19 but has benefitted from a higher rand gold price.
The exchange operator says its first half performance masks the structural impediment of the SA economy.
The life assurer has set up a R3 billion reserve fund to cover increased mortality claims, withdrawals and lapse rates.
Round up of South African M&A activity for the period H1 2020 plus the M&A and GCF league tables
It's time to end the war on nature. Change the climate. Start your postgraduate study in Climate Change.
The packaging group says it was impacted by the closure of quick-service restaurants and the banning of alcohol sales.
RMI and OUTsurance plan to raise their stake in the UK insurer to 30 percent, with the option of an additional 10 percent.