NEWS ARCHIVES


24 June 2020

Sasol's Lake Charles on the cusp of completion

The last remaining unit at the US project is on track for beneficial operation by the end of September.

Pepkor plans R2 billion bookbuild

The capital raise is just the latest in the retail sector aimed at reducing debt or funding growth opportunities created by the Covid-19 crisis.

intu puts administrators on standby

If it is unable to negotiate a deal with its lenders, the shopping centre owner may have to enter administration.

CMH cuts its cloth to fit new Covid-19 reality

The automotive group is adjusting its inventory to match reduced demand for vehicles as it also scales back its car rental business.

Peregrine says volatility is likely to continue

The financial services group says its investments and assets under management remain well diversified as markets experience continued volatility.

Mpact warns of Covid-19 earnings impact

The packaging group says the lockdown resulted in reduced demand for its packaging, while some non-essential lines stopped operating.

CORPORATE ANNOUNCEMENT BY: ELB GROUP LIMITED

CORPORATE ANNOUNCEMENT BY: CMH




23 June 2020

Telkom disconnects dividends for now

The telecoms group says it needs to preserve capital due to Covid-19 and as it prepares for an imminent auction of valuable spectrum.

Growthpoint says the worst may be behind it

While it entered the Covid-19 crisis with a strong balance sheet and prudent cash-flow management, it may still reconsider dividend payouts.

Stor-Age remains resilient in the face of Covid-19

The self storage property specialist has increased its final dividend but says it is not providing any guidance for the year ahead.

BA900 isn’t a British Airways service to Jo’burg

If you are a shareholder in a listed JSE bank you'd want to be up to speed with the newest data at the best of times...

Omnia rallies on profit turnaround

The chemicals, fertiliser and explosives group has reduced debt significantly after a R2 billion rights issue last year.

Switzerland joins Glencore probe

The Swiss Attorney General is investigating the company for failing to have measures in place to prevent graft in the DRC.

City Lodge plans R1.2 billion rights issue

The hotel group needs to reduce debt and cover a cash shortfall as most of its hotels remain closed due to the lockdown and travel restrictions.

CORPORATE ANNOUNCEMENT BY: DATATEC LIMITED

CORPORATE ANNOUNCEMENT BY: City Lodge Hotels Limited




22 June 2020

Covid-19 puts the brakes on Motus

The automotive group plans to close dealerships and scale back its car rental business due to the economic impact of the coronavirus.

Merafe and Glencore to lay off workers

The companies have commenced a section 189 process due to the worsening operating environment across the local ferrochrome industry.

Hulamin warns of wider losses

The aluminium products manufacturer delayed the release of its 2019 results as it resolved certain accounting issues.

Telkom rallies ahead of results

The telecoms group will report a big drop in full-year earnings due to restructuring costs and Covid-19 related impairments.

Basil Read rescue process hindered by Covid-19

The business rescue practitioners still believe the full implementation of the rescue plan will get a better result than a liquidation.

The Week Ahead

Mixed signals from US equity markets.




19 June 2020

Jobs at risk as Sasol unveils new look

The leaner Sasol 2.0 will focus on its core Chemicals and Energy businesses to ensure that it remains sustainable at lower oil prices.

AMSA plans large scale restructuring

The steelmaker says previous cost-saving initiatives will not be enough due to the impact of Covid-19 on its business.

New hands on the financial tiller

Which JSE listed mining company has a market capitalisation 40% larger thank Anglo America...

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)

TFG fashions cash call due to ongoing uncertainty

The retail group wants to reduce its debt and have cash on hand to take advantage of any opportunities that arise.

Curro plans rights issue as it eyes opportunities

Majority shareholder PSG Financial Services will follow its rights and mop up more shares if they are not taken up by minorities.

Naspers warns of lower earnings following Prosus unbundling

Results have been distorted by the listing of Prosus last year, while Covid-19 may impact its 2021 numbers.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Dealmaking in a tense global environment

The challenging commercial environment has served as a catalyst for innovation, resulting in an evolution of dealmaking that requires greater agility and flexibility

CORPORATE ANNOUNCEMENT BY: IMPERIAL LOGISTICS LIMITED




18 June 2020

Massmart suffers alcohol-free hangover

Massmart says its losses will widen after it lost billions of rands in sales and it is borrowing R4 billion from parent group Walmart just in...

Aspen and Ascendis climb on dexamethasone trials

A clinical trial found that the steroid treatment reduced the death rate in patients requiring respiratory intervention as a result of Covid-19.

Tongaat to reduce debt with eSwatini sale

The sugar producer and land owner is disposing of non-core businesses in a bid to reduce debt by at least R8.1 billion by next March.

Implats declines Waterberg option

The platinum producer says it will remain an active participant in the development project and will retain its minority shareholding.

Italtile sales dented by Covid-19

The tile manufacturer and retailer expects sales to continue recovering after they ground to a halt in April.

HCI hit by Covid-19-related impairments

The investment company has reported a basic loss after impairing its hotel and gaming interests, as well as some oil and gas exploration assets.

CORPORATE ANNOUNCEMENT BY: TONGAAT HULETT LIMITED

CORPORATE ANNOUNCEMENT BY: PRIMESERV GROUP LIMITED




First Page 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 Last Page