NEWS ARCHIVES
17 July 2020
TFG marks down shares in rights issue sale
The retail group has priced the rights offer at a big discount, which will be dilutive for those shareholders not taking up their rights.
Anglo companies weather Covid-19
The diversified resources company has stuck to revised guidance provided in April, with the exception of metallurgical and thermal coal.
Richemont sales almost halve on Covid-19
The luxury goods group says there were unprecedented levels of disruption from the Covid-19 pandemic, affecting all regions, channels and business areas.
Who's doing what this week in the South African M&A space?
Weekly summary of Merger & Acquisition activity by South African companies
Thorts - Business rescue when liquidation proceedings have been “initiated”
Businesses are under enormous pressure, with many facing the harsh reality of financial distress. It comes as no surprise that companies are increasingly turning to business...
Who's doing what in the African M&A space?
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
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Covid-19 widens losses at AMSA
The steelmaker has decided to idle some of its furnaces until demand recovers.
Hyprop dampens dividend expectations
The shopping centre owner will pay out less due to the impact of Covid-19 and a reduced payout policy.
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies
16 July 2020
Quantum takes flight on growing interest
The poultry and eggs group has attracted a number of large investors, as well as a few smaller ones.
Truworths’ sales suffer due to Covid-19
The retail group says lockdown measures in SA and the UK have taken their toll on revenue, while it has had to increase provisions for doubtful...
Covid-19 rings in lower earnings for Bell
The maker and distributor of articulated dump trucks and agricultural machinery says Covid-19 had had a negative impact on production and sales.
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15 July 2020
Astral enters the Quantum chicken run
The poultry producer has built up a sizeable stake in Quantum in order to protect its broiler supply agreement with the company.
Aspen commits to cheaper drugs after European probe
The pharmaceuticals group will reduce the price of six off-patent prescription cancer medicines for 10 years.
TFG pushes ahead with rights offer following JET deal
The retailer is targeting R3.95 billion which it will use to reduce debt, fund organic growth and pay for its proposed acquisition of JET.
US data provides a chink of light in COVID-19 gloom
Savings rates in the United States have mushroomed say Ingham Analytic...
Tsogo Sun Hotels sells Seychelles stake
The hotel group says Covid-19 has limited its ability to reduce debt, which will be achieved through the disposal of its URH stake.
Fairvest fetches less for Tokai Junction
The real estate investment trust will use the proceeds to settle debt as it focuses on retail assets in non-metropolitan areas.
14 July 2020
The Foschini Group tailors a deal for JET
The retailer says it has a unique opportunity to buy selected parts of the business, giving it significant scale at an attractive price.
Distell suffers a Monday babalas
The drinks group had started to recover from previous restrictions, generating cash flow and protecting jobs.
Jubilee plans copper expansion after strong first half
The mine-to-metals company says Zambia contains vast quantities of copper tailings that its skills can unlock.
US data provides a chink of light in COVID-19 gloom
Savings rates in the United States have mushroomed say Ingham Analytic...
Insights into the Future of Reporting
Discover why companies are finally embracing corporate reports as a means to communicate with stakeholders.
Orion consolidates ownership of Northern Cape project
Minority shareholders in the Jacomyspan nickel-copper-PGE project will exchange their interests for shares in Orion.
13 July 2020
Luxembourg-based investment fund Silverlands is seen as a long-term investor.
Zeder uses Quantum proceeds for share buy backs
The investment group sold its stake in the poultry and eggs group as it reshapes its portfolio and looks for new investment opportunities.
COVID-19 isn't the cause of the swift descent into imminent national bankruptcy...
Pan African cuts debt as production rises
At current rand gold prices and guided production levels, the gold producer expects to be debt free within the next year.
Thorts - The de-globalising pandemic: FDI and preparing for the post-COVID reality
COVID-19 will give rise to a conflict between the need for FDI and the need to protect the most vulnerable sectors of the economy from predatory...
Insights into the Future of Reporting
Discover why companies are finally embracing corporate reports as a means to communicate with stakeholders.
Basil Read says it owes Eskom nothing
The construction and engineering group sold out of a joint venture that was working on the Kusile power station in 2017.
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
Many investors are asking themselves, is there still time to buy into this parabolic run?
