NEWS ARCHIVES


18 August 2020

Sasol to pursue rights issue as impairments result in losses

The exact amount to be raised will depend on how much the energy and chemicals group gets from asset disposals.

Tiger Brands finds buyers for VAMP business

The group will dispose of its meat processing business in two separate transactions worth a total of R428 million.

Afrimat bulks up on iron ore with Coza acquisition

The construction materials and bulk commodities producer will acquire a 25 percent stake in Coza from ArcelorMittal as part of the transaction.

Momentum Metropolitan warns of earnings decline

The insurance group says there has also been a data breach following a cyber attack on one of its subsidiaries.

Libstar supported by robust retail demand

The branded food producer will report a decline in interim earnings after it incurred extraordinary expenses as a result of Covid-19.

CORPORATE ANNOUNCEMENT BY: Trencor Limited




17 August 2020

Sweeter results as Tongaat cleans up

The sugar producer and agri-business says the restructuring has better positioned it to ride out Covid-19.

Sibanye-Stillwater flags surge in earnings

After a strike at its gold mines last year, the precious metals producer will return to a strong profit thanks to higher metals prices.

Woolworths rings up lower earnings due to Covid

Apart from the impact of Covid-19, the retailer has also been affected by new accounting methodology.

Impairments to push KAP into a loss

The industrial holding company will report a basic loss after Covid-19 and the weak polymer market resulted in impairments.

Europa Metals rallies on new Toral estimate

The minerals exploration and development company has raised the resource estimate of its Toral project by 40 percent.

The Week Ahead

S&P 500 almost back at record highs.

Master Drilling warns of lower earnings

The drilling specialist says many of the 23 countries where it operates imposed restrictions due to Covid-19.




14 August 2020

Brait announces a new deal for New Look

The investment group said it is confident that a recapitalisation on top of steps taken by management will support the struggling fashion chain.

Rolling in the Deep...

It seems an eternity since West Texas Intermediate (WTI) May Futures traded at minus $40/bbl.

Customers return to Famous Brands’ GBK

The restaurant group says the board of GBK is reviewing options available to the business after it cut off further financial assistance.

PPC’s Ball sets refinancing in motion

The cement producer is negotiating a more sustainable structure for debt in the DRC and may pursue a rights issue.

Record volumes and weak rand support Exxaro

The resources group has reported a strong increase in first-half earnings as a softer currency helped offset lower thermal coal prices.

Who's doing what in the African M&A space?

Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)

Who's doing what this week in the South African M&A space?

Weekly summary of Merger & Acquisition activity by South African companies

Jubilee rallies on chrome deals

The metals processing company has secured material for its Windsor recovery plant while increasing its processing capacity.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Temporary respite for companies trading in insolvent circumstances

Description: Many companies may be trading in insolvent circumstances, potentially in contravention of the Companies Act 71 of 2008 (Act).

CORPORATE ANNOUNCEMENT BY: TRANSCEND RESIDENTIAL PROPERTY FUND LIMITED




13 August 2020

Clicks ready to dispense dividend despite Covid-19

Although pharmacy sales have not fared as well, the group has reported a strong rise in retail and wholesale turnover so far this year.

FirstRand steels itself rising credit losses

The financial services group says an increase in credit impairments is largely to blame for an expected drop in earnings.

Absa warns of sharp earnings decline

The banking group says credit impairments were four times higher in the first half of its financial year due to Covid-19.

Harmony gets big boost from rising gold

The company says its operating free cash flow margin is likely to double following a 25 percent jump in the gold price.

Redefine declares dispute over Mall of the South put option

Property investment and development company Zenprop plans to exercise its option to sell Mall of the South Property Development.

Peregrine buyout enters the final straight

Following Competition Tribunal approval, the private equity buyout still hinges on a couple of outstanding conditions.




12 August 2020

Impairments push Sasol into a loss

The energy and chemicals group says it was impacted by Covid-19 and a severe decline in crude oil and chemical product prices.

Exxaro aided by record coal exports

The diversified resources group says while the operating environment remained challenging, its managed operations were resilient.

Quilter makes it through its most challenging first half

The wealth manager says while it is used to managing through financial market volatility, the last six months were unprecedented.

Stadio weathers the Covid pandemic

The higher education group expects first-half core headline earnings to be as much as 30 percent higher than last year.

Sephaku swings to a loss as infrastructure spending dries up

The building and construction materials group says Covid-19 could not have come at a worse time for the industry.

The Week Ahead

Gold breaks through $2000 per ounce.

CORPORATE ANNOUNCEMENT BY: PEREGRINE HOLDINGS LIMITED

CORPORATE ANNOUNCEMENT BY: REDEFINE PROPERTIES 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 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 Last Page