NEWS ARCHIVES
05 August 2020
Pick n Pay rings up Covid-19 costs
The supermarket group says first-half earnings will be less than half those reported last year due to Covid-19 and retrenchment costs.
Cashbuild extends reach with TBC acquisition
The R1.1 billion deal will increase its presence in the coastal regions and expose it to the higher end of the market.
Ingham Analytics say that if Sasol management keep flogging the shareholders' silver as they're attempting to do...
RBPlat's profits surge despite Covid-19
The platinum producer lost 45 days of production due to the pandemic but was supported by higher metal prices.
Blue Label warns about Cell C default
The mobile operator says the non-payment was not a surprise to lenders that understood its turnaround strategy.
Cartrack grows revenue despite Covid disruption
The vehicle telematics group says new subscriber additions decelerated in the three months to end-May as a result of the pandemic.
Ecsponent sells MyBucks Zambia stake
The investment group says it will use the proceeds to settle high yield debt as it restructures its business.
04 August 2020
Shoprite exiting Nigeria as local sales rise
The retailer has reported a strong increase in SA sales despite the challenges posed by Covid-19.
Hammerson mulls rights issue and JV exit
The shopping centre owner is battling to reduce debt as it collects just a portion of its rentals due to Covid-19.
Renergen ready to drill first well
The emerging natural gas and helium producer says results from the Virginia Gas Project are still a month or so away.
Make American Dream your alternative future
When you have your heart set on immigrating, the question then becomes, where would the best country be for you and your family to move to?
Premier Hotels & Resorts is open for Business
It's business (un)usual as Premier Hotels and Resorts welcome back Essential Services, Business Travellers and small conference groups
Implats appoints new chairman designate
Thandi Orleyn will replace Mandla Gantsho as chair of the platinum producer after its AGM in October.
The digital technology company says there has been a big decline in project spending by its customers.
Trematon sells Gansbaai centre
The disposal is line with with its strategy of optimising investment returns.
03 August 2020
MTN holding back on an interim dividend
The network operator is preserving its liquidity due to Covid-19 uncertainty but may pay a final dividend at year-end.
Glencore supported by marketing business
The group says its marketing arm has risen to the challenge posed by Covid-19, with strong counter-cyclical earnings.
Gloomy outlook as Novus reports a loss
The print and packaging group says it is only likely to return to a profit in 2022 if the lockdown lifts by next March.
Thorts - Amendment and restatement of documents: Considerations for security providers
In funding transactions (whether by means of debt or the issue of preference shares), funders typically require security for the funding provided.
Make American Dream your alternative future
When you have your heart set on immigrating, the question then becomes, where would the best country be for you and your family to move to?
Astoria encouraged by trading at CNA
The investment group led a consortium of investors that bought the stationary chain from Edcon in April.
Sebata holding out for NOSA proceeds
If the ICT company receives the earn-out owed to it from the NOSA disposal it is likely to dish it out to shareholders.
31 July 2020
AB InBev hails the return of beer drinkers
The global brewing giant has impaired its African operations and says the second alcohol ban in SA will affect its third-quarter performance.
Diamond’s aren’t Anglo’s best friend
The diversified resources group says first-half sales volumes at subsidiary De Beers fell close to a half.
Surprise as AngloGold CEO quits
The gold mining company gave no reason for Kelvin Dushnisky leaving on 1 September after two years at the helm.
Thorts - Amendment and restatement of documents: Considerations for security providers
In funding transactions (whether by means of debt or the issue of preference shares), funders typically require security for the funding provided.
You might be astonished by what you thought you knew, but didn't. Or by what you thought you didn't need to know, but did.
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)
Steinhoff’s loss widens as Covid impacts sales
The retail group says the financial costs of its restructuring also continues to be substantial as it seeks to settle lawsuits.
Sappi says demand is slowly returning
The pulp and paper producer fell into a quarterly loss as Covid-19 added to already weak markets for dissolving pulp and graphic paper.
Europa Metals pours cold water on recent rally
Its share price retraced some of its recent heady gains after it said there was no material event to explain the recent surge.
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies
30 July 2020
EOH fined the max for false financials
The JSE blamed a lack of governance and oversight mechanisms, inadequate and ineffective controls and systems on previous management.
Standard Bank warns of Covid earnings hit
The bank says headline earnings may halve due to the impact of continent-wide lockdowns on economic activity.
Sasol sells oxygen site to reduce debt
The energy and chemicals group is selling the site to a unit of French multinational Air Liquide as part of its accelerated disposal programme.
Grand Parade gets smaller burger deal due to Covid-19
The sale to ECP Africa Fund was renegotiated due to the risk introduced by Covid-19 and the sales impact of the lockdown.
AECI to pay dividend despite Covid-19 challenges
Although its markets remain affected, the chemicals and explosives group says its solid financial position allows it to pay an interim dividend.
Accelerate holds back on dividend
The property fund, which owns half of the Fourways super-regional mall, says it is also unlikely to pay a dividend for its 2021 year.
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
The diversified resources group plans to use the proceeds from the disposal to reduce debt and invest in renewable energy projects.
The process of choosing assets to uncouple and sell should be based on careful analysis of two main characteristics: growth and market share.
