NEWS ARCHIVES


03 February 2021

Motus motors ahead on trading update

A trading update from the automotive group points to a better outcome than it expected three months ago.

Vodacom says new spectrum is key

The network operator says any further delays in allocating new 5G spectrum will be negative for customers.

Ascendis cancels asset sales

A lender consortium has increased its debt exposure to more than three-quarters and wants Ascendis to hold on to Remedica.

Curro marked down on Covid-19 impact

The group will report a basic loss and a big decline in headline earnings after the pandemic resulted in fewer learners and rising impairments.

JSE rebukes Rebosis

The property fund released unreviewed results in 2019 after it bumped heads with its auditors over property valuations.

Orion secures Okiep copper option

The Okiep Copper Company historically produced more than 2 million tons of copper in the Northern Cape.

CORPORATE ANNOUNCEMENT BY: ANCHOR GROUP LIMITED




02 February 2021

Huge shareholders back bid

The telecoms and fintech group says it is ready, able and willing to proceed with its offer for Adapt IT.

Brait weighed down by Virgin gym chain

The investment company says liquidity at its Virgin gyms in the UK, Italy and Asia Pacific has dried up.

DRDGOLD supported by higher gold price

The mine tailings retreatment specialist says increased revenue was offset by higher costs.

Bowler Metcalf rallies on bullish update

The plastics manufacturer benefitted from higher sales volumes and operational efficiencies.

EPP reopens Polish malls

The Polish government has eased restrictions as Covid-19 case numbers in the country continue to decline.

CORPORATE ANNOUNCEMENT BY: VUNANI LIMITED

CORPORATE ANNOUNCEMENT BY: HUGE GROUP LIMITED




01 February 2021

Sasol soars on positive turnaround

The energy and chemicals company says its performance was impacted by Covid-19 and hurricanes that battered the US Gulf Coast.

PODCAST: Magic Markets Ep10: Losing their Shorts

Everyone is talking about the short squeeze strategy, WallStreetBets and GameStop, but what is actually going on here?

EOH makes progress with turnaround

The technology services company expects to report positive first-half operating profit as it trims debt and cuts costs.

AMSA rallies on improving prospects

International steel prices are back at levels last seen in 2008 after hard lockdowns resulted in demand outstripping supply.

Barloworld on track with strategy

The industrial holding company says it has benefitted from easing lockdown restrictions and recent acquisitions.

The Week Ahead

Wall Street rattled by retail trader hedge fund attacks.

Hudaco stages big recovery

The company took steps to save costs and create synergies after lockdowns impacted its first-half performance.

Spur suffers under revised lockdown restrictions

The restaurant group says the national curfew, banned alcohol sales and the closure of beaches hurt sales in December.




29 January 2021

Clicks to close Musica

The health and beauty retailer says the inevitable demise of the brand has been accelerated by the Covid-19 pandemic.

Anglo reports recovering production

The diversified mining company says production in the second half of the year was almost back at 2019 levels.

Italtile benefits from home renovators

The tile manufacturer and retailer will deliver first-half earnings growth of at least 25 percent.

Kibo prepares for LSE listing of MAST

The multi-asset energy company has issued a pathfinder prospects to help guide on a price range for its UK subsidiary.

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)

Weekly corporate finance activity by SA exchange-listed companies

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

CORPORATE ANNOUNCEMENT BY: NORTHAM PLATINUM LIMITED

CORPORATE ANNOUNCEMENT BY: Mpact Limited

ADAPT IT HOLDINGS LIMITED




28 January 2021

Huge Group bids for Adapt IT

A takeover of the software and digital services group would create a new mid-size player.

Steinhoff rallies on Pepco update

Its shares have continued their ascent following a first-quarter trading update from its European retail business.

Lewis reports continued demand for its goods

The furniture and appliances retailer says its stores benefitted from buoyant Black Friday sales.

Covid-19 still ails Life Healthcare

The private hospital group says while its first-quarter performance has improved, the second Covid-19 wave poses a big challenge.

Afrimat to offload UCP

The bulk commodities and construction material group will retain the Nkomati Anthracite Mine which has been restructured out of UCP.

Hudaco recovers from first-half Covid hit

The group will report a decline in full-year earnings but show a big improvement from the first half.




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