13 August 2020

Clicks ready to dispense dividend despite Covid-19

Although pharmacy sales have not fared as well, the group has reported a strong rise in retail and wholesale turnover so far this year.

FirstRand steels itself rising credit losses

The financial services group says an increase in credit impairments is largely to blame for an expected drop in earnings.

Absa warns of sharp earnings decline

The banking group says credit impairments were four times higher in the first half of its financial year due to Covid-19.

Harmony gets big boost from rising gold

The company says its operating free cash flow margin is likely to double following a 25 percent jump in the gold price.

Redefine declares dispute over Mall of the South put option

Property investment and development company Zenprop plans to exercise its option to sell Mall of the South Property Development.

Peregrine buyout enters the final straight

Following Competition Tribunal approval, the private equity buyout still hinges on a couple of outstanding conditions.

12 August 2020

Impairments push Sasol into a loss

The energy and chemicals group says it was impacted by Covid-19 and a severe decline in crude oil and chemical product prices.

Exxaro aided by record coal exports

The diversified resources group says while the operating environment remained challenging, its managed operations were resilient.

Quilter makes it through its most challenging first half

The wealth manager says while it is used to managing through financial market volatility, the last six months were unprecedented.

Stadio weathers the Covid pandemic

The higher education group expects first-half core headline earnings to be as much as 30 percent higher than last year.

Sephaku swings to a loss as infrastructure spending dries up

The building and construction materials group says Covid-19 could not have come at a worse time for the industry.

The Week Ahead

Gold breaks through $2000 per ounce.



11 August 2020

AngloGold set for strong annual payout

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.

Richemont proposes new loyalty scheme

The luxury goods group plans to reward shareholders with tradable warrants after trimming its dividend ratio.

Iron ore up, all else down

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...

Lewis raises impairments due to Covid-19

The furniture and appliances retailer says it lost out on sales and customer account payments in March as the lockdown took effect.

Curro warns of lower earnings

The private schools group says first-half earnings were impacted by a R67 million impairment but recurring earnings will be higher.

The Week Ahead

Gold breaks through $2000 per ounce.

Strong support for Orion capital raise

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

MTN hanging up on Middle East operations

The cell phone network operator says it is focusing its future strategy on its African markets, where growth has been strong.

Mondi rallies on dividend resumption

After a resilient first-half, the paper and packaging group resumed has dividends, recognising the importance to shareholders.

Glencore suspends dividends to cut debt

The mining and commodities marketing giant is prioritising debt due to the uncertainties presented by Covid-19.

Hammerson to reduce debt with rights issue, disposal

The shopping centre owner will ask shareholders for more cash to reduce debt and strengthen its defences against Covid-19.

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)

Jubilee moves closer to copper target

The metals processing company has entered a JV that will accelerate copper production at its Sable Refinery in Zambia.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Retail sector presents challenges and opportunities in the face of COVID-19

The sector has had to transform radically, not only to survive the current situation, but also to ensure that it remains viable and sustainable.

CORPORATE ANNOUNCEMENT BY: South Ocean Holdings Limited


06 August 2020


Gold Fields rides the bullion rally

The gold producer will report a strong rise in interim earnings as it maintained production amid a rising gold price.

DRDGOLD lifts production but misses target

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.

JSE benefits from Covid-19 turbulence

The exchange operator says its first half performance masks the structural impediment of the SA economy.

Covid provisions push Liberty into a loss

The life assurer has set up a R3 billion reserve fund to cover increased mortality claims, withdrawals and lapse rates.

DealMakers South Africa M&A Analysis H1 2020

Round up of South African M&A activity for the period H1 2020 plus the M&A and GCF league tables

Covid 19: The last reprieve from nature?

It's time to end the war on nature. Change the climate. Start your postgraduate study in Climate Change.

Covid-19 and power cuts decimate Mpact’s earnings

The packaging group says it was impacted by the closure of quick-service restaurants and the banning of alcohol sales.

No battle in RMI's bid for Hastings

RMI and OUTsurance plan to raise their stake in the UK insurer to 30 percent, with the option of an additional 10 percent.

CORPORATE ANNOUNCEMENT BY: Rand Merchant Investment Holdings Limited




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