NEWS ARCHIVES


20 January 2021

Foschini cushioned by local sales

Turnover at its African operations was boosted by the acquisition of Jet in September.

Hammerson hit by new restrictions

The shopping centre owner has collected 41 percent of rent owed for the first quarter as lockdown restrictions are tightened in the UK and Europe.

Glencore sells Mopani stake to ZCCM

The diversified commodities marketer and trader has transferred its effective 73 percent interest in the copper mining company.

PSG buys back cheap shares

The investment holding company still trades at a significant discount to the value of its underlying investments.

Europa Metals starts drilling at Toral

The drilling programme forms part of a pre-feasibility study of the Spanish lead, zinc and silver project.

CIO Viewpoint: Cryptocurrencies move from pizza to regulatory scrutiny

Faced with expectations for inflation, low-to-zero interest rates and slim returns from traditional safe havens such as sovereign debt, investors are looking more closely at cryptocurrencies




19 January 2021

Murray blindsided in Middle East

The specialist engineering and construction group says its former client acted in utmost bad faith by calling in bond securities.

Long4Life to continue share buybacks

The lifestyle investment company has been repurchasing shares rather than using surplus liquidity to pay dividends.

Conduit Capital to report a turnaround

The investment holding company says its Constantia Insurance business has produced nine consecutive months of underwriting profits.

Limited take-up of Texton offer

The property fund says investors holding less than 2 percent of its shares tendered them to a mandatory offer.

CORPORATE ANNOUNCEMENT BY: ELB GROUP LIMITED




18 January 2021

Covid-19 dents sales at Truworths

The retailer will report a decline in first-half sales and earnings as Covid-19 continues to affect its stores in SA and the UK.

EPP impacted as Poland extends lockdown

The shopping centre owner says about 30 percent of its floorspace remains operational due to trading restrictions.

UK fraud body drops BAT probe

The SFO will continue to offer assistance to the ongoing investigations of other law enforcement partners.

Jubilee supported by blue-chip investors

The metals processing company has placed almost 5 percent of its enlarged share capital with institutional shareholders.

Ascendis cautions on Ivermax hype

The pharmaceuticals group says the antiparasitic remedy has not been authorised as a treatment for Covid-19.

The Week Ahead

Joe Biden unveils his stimulus plan.




15 January 2021

Pick n Pay hires new CEO as Brasher retires

Brasher will be replaced by Pieter Boone, who was identified in a global search that included internal candidates.

Jubilee’s metals strategy takes shape

The metals processing company is expanding into copper and cobalt as its PGM and chrome operations mature.

Curro expands in the Eastern Cape

The private schools group has bought a preparatory school in Port Elizabeth, using some of the proceeds of a rights issue.

Remgro grows RCL stake

The investment holding company extended an offer it made to one minority shareholder of the poultry and food group.




14 January 2021

Covid-19 fails to derail Cartrack

The vehicle telematics group continues to grow subscribers as it targets a Nasdaq listing.

Alaris in talks to buy UK business

The antenna specialist has said it wants to strengthen its radio frequency and microwave electronic design and manufacturing capabilities.

Merafe reports big decline in annual output

The company, which shares in a joint venture with Glencore, says production was impacted by Covid-10, weak markets and electricity constraints.




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