11 December 2020
The emerging natural gas producer is developing what it believes is one of the highest concentrations of helium globally at Virginia in the Free State.
A rise in its share price swayed bondholders from taking up the invitation.
The listing will take the number of securities on A2X to 39 with a combined market cap of more than R2.2 trillion.
The industrial holding company says its strategy and diversified business model have proven to be resilient through the Covid-19 crisis.
Weekly summary of Merger & Acquisition activity by South African companies
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
The company is expanding its Temporary Employment Services business into more niched and highly skilled resources.
Weekly summary of corporate finance activity by South African exchange listed companies
The liquidity and debt challenges faced by companies will have an impact on their ability to comply with financing obligations and commitments
In recent years, minority shareholders have attempted to propose sustainability, climate risk and other environmentally-related shareholder resolutions to be tabled and voted upon at shareholders’ meetings
10 December 2020
The property fund says its auditors have withdrawn their audit opinion on its 2020 numbers which will delay the release of its interim results.
Ingham Analytics say that a $2bn rights issue is appearing more likely by the day.
The industrial holding company will still own a stake through its joint venture with the Akoo family in Durban.
The hotel group says occupancies continue to recover but it will still report a decline in first-half earnings.
The life insurance group says the gradual easing of lockdown conditions has supported sales but it expects conditions to remain challenging.
The tobacco giant says the Covid-hit has not been as bad as expected, while the resumption of SA sales has helped.
The real estate investment trust says it is disappointed its share price has not reflected its performance.
09 December 2020
The cement producer says its capital restructuring project remains a key priority.
The fund manager credits its low-cost investment and savings products for a big rise in full-year earnings.
The appointment means the gold miner will have two women at the helm after Christine Ramon took over as interim CEO.
The company will consider dividends for ordinary shareholders in the medium term once it has de-risked the preference share structure.
Shareholders have approved the repurchase of up to 20 percent of its stock.
08 December 2020
Ingham Analytics say that copper, along with other industrial and agricultural commodity prices, has been on a strong run.
The platinum group metals company fixed the Phase A unit at its ACP Convertor Plan more than three months ahead of schedule.
The PGM producer says the move will reduce its debt liability and reduce the potential for future dilution to existing shareholders.
The company does not expect the departure of Berlin to impact a funding package for its flagship Makhado coal mine.
As we all know 2020 has been a tough year for the South African economy.
Nerina is a highly respected expert in South African financial markets, with a particular focus on ETFs.
After buying back more than 40 million shares earlier this year, the investment company plans to spend up to R114 million repurchasing more stock.
The Central and Eastern Europe property group cashed in on an improvement in the Unibail Rodamco Westfield share price.
07 December 2020
Tsholofelo Molefe replaces Ralph Mupita as group CFO and will support the execution of its growth and deleveraging strategy.
The iron ore miner says it is ensuring that its value chain remains balanced, with finished stock maintained at optimal levels.
The coal producer says offtake by Eskom and other trading clients has not recovered to pre-lockdown levels.
The multi-let industrial property group says there is demand from business wanting to start or grow their e-commerce operations.
Revenue from its energy storage business will be down by less than expected while its automotive components vertical has been more affected.
USD continues to weaken as risk on appetite improves.
The consumer and commercial electronics group says it benefitted from rising demand for alternative energy solutions.