17 June 2020

Discovery sets billions aside for Covid-19

The health insurer and financial services group says full-year earnings will take a hit and it will not pay dividends until it is appropriate to.

Bidcorp sees quicker recovery

Although sales have picked up sooner than expected, the food services company says it is too early to determine whether it will pay a dividend.

Zeder sells Quantum stake to Country Bird

It will use the cash to support its other portfolio companies and may consider new investments, share buybacks or a special dividend.

Telkom to ring up lower earnings

The telecoms group says its full-year results were affected by retrenchment costs, Covid-19-related impairments and a decline in fixed-line business.

Wescoal flags full-year loss

The coal producer expects demand to improve from next month as the economy continues to reopen.

Delta holds back on dividend due to Covid-19

The real estate investment trust says it would not meet liquidity requirements if it made the payment due to its capex obligations.

16 June 2020







15 June 2020

Barloworld to report a loss due to Covid-19

The industrial group booked higher credit losses and impairments as a result of the global economic slowdown and the pandemic.

City Lodge secures more debt to help it through the crisis

Some hotels are now operating on a limited basis to accommodate stranded guests, business travellers, essential workers, and those in quarantine.

Kumba, qaphela!

The word qaphela gives a clue to Ingham Analyitcs's thinking on Kumba. Do you stay? Do you go? Do you invest more.

Stenprop sees opportunities in Covid-19 environment

The property group says the pandemic may lead to opportunities to buy more properties to meet growing demand for its multi-let industrial estates.

Value Group resilient in the face of Covid-19

The logistics group says it has become fully operational again and no significant impairments of its assets are currently required.

Castleview hopes residential uptake will increase footfall

The property fund says its apartments were almost half full by the end of February, bringing more traffic into its shopping centre.

Zarclear hit by Covid-19 market volatility

The investment holding company plans to delist due to the impact the virus is expected to continuing to have on equity capital markets.

12 June 2020

RMB bids adieu to FirstRand

RMH is ending its association with FirstRand and its well-known businesses such as FNB, RMB and Wesbank, marking the end of an era.

What are volatility traders afraid of?

Volatility returned with a vengeance to US and world markets this week.

Grit may delist from JSE

The pan-African real estate company wants to consolidate its three listings into two in order to save on costs and boost liquidity.

Covid-19 hinders Metrofile takeover

The takeover consortium will need to re-examine the value of the records management and documents storage business once the virus has run its course.

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)

Harmony gets the green light to raise $200 million

The company expects to return to full production in mid-July as shareholders approve an equity raise to fund its latest acquisition.

Investec Property Fund exits Australia fund

The fund says its balance sheet is now significantly weighted to SA and Europe after it disposed of its minority position at an attractive return.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Becoming a “virtual’ reality: Shareholder e-meetings

In the rush to the new normal, now may be a very good time for South African listed companies to re-assess their shareholder meeting procedures

Thorts - The Future of the West African Corporate Finance Market

Conditions created by COVID-19 will present select opportunities for the discerning investor, who must be prepared to take advantage of such opportunities once they appear or...

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11 June 2020

MultiChoice meets maiden dividend pledge

The lockdown pushed more subscribers its way and it is now ready to add streaming services from Netflix and Amazon Prime to its Explora decoder.

Sygnia expects market volatility to continue

The fund manager doubled first-half profit despite big swings in asset prices as Covid-19 escalated in March.

Sanlam strikes a cautious tone due to Covid-19

While the year started well for the insurer, it has been impacted by extreme market volatility and pressure on new business volumes.

Shoppers return to Hyprop’s malls

The shopping centre owner says its core focus is on retaining tenants as it negotiates rent relief packages with retailers.

Amplats converter unit almost fixed

The platinum producer says a leak at its ACP Phase B unit was unconnected to recent repair work and it would be ready next week.

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