NEWS ARCHIVES
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.
10 July 2020
Aspen fined following UK pharma probe
The pharmaceuticals group says the fine by the Competition and Markets Authority brings the matter to a close after close to three years.
Growthpoint warns of lower payouts
The property group says full-year distributable earnings will be down and it is reconsidering its payout policy to shareholders.
Liberty Two Degrees to cut portfolio value
The real estate investment trust says the value of its properties has been affected by falling rentals and an increase in vacancies.
Who's doing what in the African M&A space?
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
Who's doing what this week in the South African M&A space?
Weekly summary of Merger & Acquisition activity by South African companies
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...
Tharisa reports a strong quarter despite Covid-19
The chrome and platinum producer says mining output reached a record in May and June as it returned to full production.
Renergen prepares for first drill
The emerging natural gas and helium producer expects the first well at its Virginia gas project to spud towards the end of the month.
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies
09 July 2020
Quantum insiders snap up shares
Interest in the poultry group has surged since Country Bird acquired a stake from Zeder Investments last month.
Steinhoff sells Conforama France for nominal sum
The group explored various options after it was unable to secure a state-guaranteed loan to support Conforama during the Covid-19 crisis.
Substantial market share gains have been made by Capitec relative to the Big Four banks.
Stefanutti slumps on Eskom payment claims
The construction group denies it was overpaid for work on the Kusile power station and says it is still owed money.
Taste about to morph into Luxe
The investment group will proceed with its share consolidation and name change in a fortnight.
PSV prepares to present plan to creditors
The group entered business rescue in March as its board resolved that it was in financial stress after shareholders opposed a rights issue.
08 July 2020
Mystery buyers ruffle Quantum's feathers
A number of third parties have been snapping up shares in the poultry group after Country Bird bought a big stake.
Massmart to slash jobs at Game
Section 189 consultations with unions and stakeholders follow a similar process at DionWired and its Masscash division.
Santam defends Covid-19 claims position
The short-term insurer says its balance sheet is strong enough to accommodate claims if it loses in court.
The chemicals, fertiliser and explosives group has reduced debt and implemented a turnaround plan that has placed it in a strong position.
Afrox warns of lower earnings due to Covid-19
The gases and welding products group says it remains focused on containing cost and preserving cash and liquidity for the foreseeable future.
RDI encouraged by trading as restrictions ease
As conditions turn more favourable, former parent company Redefine Properties has exited its stake in the UK real estate investment trust.
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 black-empowered investment group has reduced its debt after disposing of a portion of some of its holdings.
Despite returning to profitability, the business bank and financial services group is remaining prudent by withholding an interim dividend.
The banking group says its 2020 profits could halve from a year earlier due to the impact of Covid-19.
