18 August 2020
The exact amount to be raised will depend on how much the energy and chemicals group gets from asset disposals.
The group will dispose of its meat processing business in two separate transactions worth a total of R428 million.
The construction materials and bulk commodities producer will acquire a 25 percent stake in Coza from ArcelorMittal as part of the transaction.
The insurance group says there has also been a data breach following a cyber attack on one of its subsidiaries.
The branded food producer will report a decline in interim earnings after it incurred extraordinary expenses as a result of Covid-19.
17 August 2020
The sugar producer and agri-business says the restructuring has better positioned it to ride out Covid-19.
After a strike at its gold mines last year, the precious metals producer will return to a strong profit thanks to higher metals prices.
Apart from the impact of Covid-19, the retailer has also been affected by new accounting methodology.
The industrial holding company will report a basic loss after Covid-19 and the weak polymer market resulted in impairments.
The minerals exploration and development company has raised the resource estimate of its Toral project by 40 percent.
S&P 500 almost back at record highs.
The drilling specialist says many of the 23 countries where it operates imposed restrictions due to Covid-19.
14 August 2020
The investment group said it is confident that a recapitalisation on top of steps taken by management will support the struggling fashion chain.
It seems an eternity since West Texas Intermediate (WTI) May Futures traded at minus $40/bbl.
The restaurant group says the board of GBK is reviewing options available to the business after it cut off further financial assistance.
The cement producer is negotiating a more sustainable structure for debt in the DRC and may pursue a rights issue.
The resources group has reported a strong increase in first-half earnings as a softer currency helped offset lower thermal coal prices.
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
Weekly summary of Merger & Acquisition activity by South African companies
The metals processing company has secured material for its Windsor recovery plant while increasing its processing capacity.
Weekly summary of corporate finance activity by South African exchange listed companies
Description: Many companies may be trading in insolvent circumstances, potentially in contravention of the Companies Act 71 of 2008 (Act).
13 August 2020
Although pharmacy sales have not fared as well, the group has reported a strong rise in retail and wholesale turnover so far this year.
The financial services group says an increase in credit impairments is largely to blame for an expected drop in earnings.
The banking group says credit impairments were four times higher in the first half of its financial year due to Covid-19.
The company says its operating free cash flow margin is likely to double following a 25 percent jump in the gold price.
Property investment and development company Zenprop plans to exercise its option to sell Mall of the South Property Development.
Following Competition Tribunal approval, the private equity buyout still hinges on a couple of outstanding conditions.
12 August 2020
The energy and chemicals group says it was impacted by Covid-19 and a severe decline in crude oil and chemical product prices.
The diversified resources group says while the operating environment remained challenging, its managed operations were resilient.
The wealth manager says while it is used to managing through financial market volatility, the last six months were unprecedented.
The higher education group expects first-half core headline earnings to be as much as 30 percent higher than last year.
The building and construction materials group says Covid-19 could not have come at a worse time for the industry.
Gold breaks through $2000 per ounce.