Omnia to wipe out debt with Oro Agri sale

The fertiliser and chemicals group says the disposal gives it the opportunity to de-risk its capital structure and return cash to shareholders.

CMH earnings stall on Covid-19

The automotive group is paying a dividend of 100c a share as its business returns to some form of normality and predictability.

Calgro positioned for growth after Covid-related loss

The housing developer has streamlined its business and says it is positioned for a return to profitability once conditions normalise.

South32 sticks to guidance despite Covid setback

The diversified mining group says it will also deliver immediate value to shareholders by resuming share buybacks.

Europa Metals rallies on grant award

The grant from the Spanish government will be used for research and development at its Toral lead, zinc and silver project.

Oasis Crescent warns of lower distribution

The property fund says it has been cushioned by its high-quality tenant base and debt-free balance sheet.

CORPORATE ANNOUNCEMENT BY: Combined Motor Holdings Limited

CORPORATE ANNOUNCEMENT BY: ELB GROUP LIMITED

Afrox receives takeout offer

Controlling shareholder Linde says the company is more suited to an unlisted environment due to the poor tradability of its shares.

Metrofile takeover hampered by Covid-19

The document storage company says a private equity consortium is still keen to acquire it but is hampered by Covid-19.

York Timber finally out of the woods

Following a big turnaround in earnings, the forestry company is establishing its first soft citrus crop as it diversifies its business.

Nickel for Elon?

Last week, Ingham Analytics issued an Energy Monitor, a new theme on developments in the broad energy basket, and today they are issuing their first Mining...

Thorts - Tax pitfalls when issuing shares at a discount

From a tax perspective, even if shares are issued at a discount for sound commercial reasons, it may have adverse tax consequences for the company or...

RDI reports improved rent collections

The real estate investment trust says negotiations with tenants and clients are ongoing.

Renergen narrows its losses as it prepares to pump its first gas

The emerging helium and natural gas producer said earnings last year were impacted by once-off transactions costs.

Adcorp bounces back

The recruitment and training company will report improved earnings and says its made good progress in strengthening its balance sheet.

PSG declares ad hoc dividend after Capitec unbundling

The group reported a headline loss following a decline in the share prices of its listed investments.

Less than three months to go before your offshore allowance expires!

It has never been more crucial for South Africans to diversify their portfolios globally.

Nickel for Elon?

Last week, Ingham Analytics issued an Energy Monitor, a new theme on developments in the broad energy basket, and today they are issuing their first Mining...

Thorts - Tax pitfalls when issuing shares at a discount

From a tax perspective, even if shares are issued at a discount for sound commercial reasons, it may have adverse tax consequences for the company or...

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)

Mediclinic remains cautious despite recovery

The private hospital operator expects to report a 5 percent decline in first-half revenue, weighed down by its SA operations.

Pepkor warns of Covid hit on earnings

The retail group said it was impacted by lost sales, higher provisions and the likely impairment of goodwill and assets.

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

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

CORPORATE ANNOUNCEMENT BY: PSG GROUP LIMITED

The end for Famous Brands and GBK

Sky News reported that a British businessman reached a deal to buy the upmarket burger chain through a pre-pack administration.

Hulamin gets off lightly with new US tariffs

The aluminium products manufacturer says a number of countries have had higher anti-dumping duties imposed on them.

Cartrack revs up dividend despite Covid

The company says continued investment in its business and high barriers to entry should support future earnings.

Coronation lifts assets and earnings

Fund under management have recovered from March, when equity markets toppled due to Covid-19.

Anglo reports improving sales by De Beers

With buying increasing ahead of the holiday season, De Beers says it is too early to call a sustained recovery in trading conditions.

Montauk targets 2021 Nasdaq listing

The renewable energy company says conditions are now favourable to implement the proposed listing in the US.

Omnia close to a deal on Oro Agri

The fertiliser and chemicals group is in final negotiations after receiving an offer for the business this year.

Alviva cautions on possible Tarsus takeover

The ICT group has already conducted due diligence on its rival and a deal could affect the price of its shares.

Equites benefits from online shopping

The property group says Covid-19 has resulted in increased demand for prime modern logistics space.

Cartrack rallies ahead of results

The group is expected to report that first-half profit increased by at least a fifth.

Ascendis hires new finance boss

Cheryl-Jane Kujenga led a balance sheet restructuring process while CFO at Adcorp.

Brikor warns of interim loss

The brickmaker closed most of its operations at the height of the lockdown, with it coal mining operation running at reduced capacity.

CORPORATE ANNOUNCEMENT BY: RICHEMONT