17 June 2020
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.
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.
It will use the cash to support its other portfolio companies and may consider new investments, share buybacks or a special dividend.
The telecoms group says its full-year results were affected by retrenchment costs, Covid-19-related impairments and a decline in fixed-line business.
The coal producer expects demand to improve from next month as the economy continues to reopen.
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
The industrial group booked higher credit losses and impairments as a result of the global economic slowdown and the pandemic.
Some hotels are now operating on a limited basis to accommodate stranded guests, business travellers, essential workers, and those in quarantine.
The word qaphela gives a clue to Ingham Analyitcs's thinking on Kumba. Do you stay? Do you go? Do you invest more.
The property group says the pandemic may lead to opportunities to buy more properties to meet growing demand for its multi-let industrial estates.
The logistics group says it has become fully operational again and no significant impairments of its assets are currently required.
The property fund says its apartments were almost half full by the end of February, bringing more traffic into its shopping centre.
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
RMH is ending its association with FirstRand and its well-known businesses such as FNB, RMB and Wesbank, marking the end of an era.
Volatility returned with a vengeance to US and world markets this week.
The pan-African real estate company wants to consolidate its three listings into two in order to save on costs and boost liquidity.
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.
Weekly summary of Merger & Acquisition activity by South African companies
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
The company expects to return to full production in mid-July as shareholders approve an equity raise to fund its latest acquisition.
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 summary of corporate finance activity by South African exchange listed companies
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
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...
11 June 2020
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.
The fund manager doubled first-half profit despite big swings in asset prices as Covid-19 escalated in March.
While the year started well for the insurer, it has been impacted by extreme market volatility and pressure on new business volumes.
The shopping centre owner says its core focus is on retaining tenants as it negotiates rent relief packages with retailers.
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.