10 June 2020
Those who understand the nature of foreign exchange will still find profitable niches...
The technology company says a resilient third-quarter performance has helped it pay down debt faster.
The retailer has also agreed to help the criminal authorities fund an additional forensic probe into its accounting fraud.
The real estate investment trust is also evaluating a merger with subsidiary Indluplace Properties due to current market conditions.
The casino operator says it is faced with the uncertainty of when its casinos will be allowed to reopen and the restrictions they may face.
The food group says it expects its performance to improve as restrictions on quick-service restaurants are eased.
The group says patient care has not been affected but it is still trying to determine the extent to which sensitive data has been compromised.
09 June 2020
The disposal forms part of a five-year strategy to maximise value through the realisation of the assets in its portfolio.
Debt repayments have been pushed out to the end of next year, alleviating the need for a fire sale of its assets.
The employee benefits business will distribute most of the cash it received from the sale of its insurance business.
The food producer says full-year earnings will be down due to Covid-19 and it may have to impair the carrying value of its assets.
The bank and financial services group says there has been a big increase in impairments, which it expects to continue for now.
The real estate investment trust says its disposals team continues to receive enquiries for its non-core industrial and office properties.
08 June 2020
The auto component and battery manufacturer will invest in a new factory in KwaZulu-Natal to support contracts worth billions from Ford SA.
The pay-TV group says it benefitted from cost containment and reduced losses at its African operations outside SA.
The shopping centre owner expects almost all of the floor space at its malls to be open for business by the end of the month.
The private equity group says it plans to wind up Ecsponent Financial Services, which has also been fined R3 million by the FSCA.
US unemployment numbers may have bottomed in April
05 June 2020
The banking group says full-year earnings will decline as it accounts for an expected increase in credit impairments.
The two companies have been unable to agree on an arbitrator to decide whether a material adverse change has occurred due to Covid-19.
The fishing group reported a rise in operating profit as steady demand for products like Lucky Star canned fish made up for weakness in the US.
The property fund has granted tenants most affected by Covid-19 concessions and has deferred some rentals for up to a year.
Weekly summary of Merger & Acquisition activity by South African companies
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
Weekly summary of corporate finance activity by South African exchange listed companies
The uncertainty and practical challenges for parties to commercial transactions during the lockdown period necessitates careful consideration of the effects of COVID-19 on their transaction agreements
04 June 2020
Sasol is up around 35% in a month. Is this the beginning of a major recovery?
The construction and infrastructure group will report a full-year loss as its Probuild business in Australia attracts a possible offer.
The insurer says business interruption as a result of the national lockdown is not covered under insurance protection against infectious diseases.
The platinum producer says the temporary closure to fix a leak is unrelated to recent repair work at its ACP Phase B unit.
The pan-African real estate company says it has been supported by the structure of its leases, blue-chip tenants and a diversified portfolio.
The real estate investment trust says Rory Mackey has been made permanent again.