NEWS ARCHIVES
05 February 2021
Dipula decides against distribution
The property fund says its short-term liquidity could come under pressure if lockdowns and trading restrictions affect its tenants.
Glencore to hand back Colombian mining contracts
The National Mining Agency declined a request to keep the loss-making mines on care and maintenance.
The publishing and printing group now owns just under a third of the issued share capital of Mpact.
Huge Group signs distribution deal with NEC
A number of its subsidiaries will help NED Nederlands leverage its presence in Africa.
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
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies
04 February 2021
Distell dispenses surprise update
The drinks group has grown volumes and revenue as South Africans stockpiled ahead of liquor bans.
Super Group recovers from Covid-19
After posting a decline in earnings last year, the group will report an improved performance for the first half of its new financial year.
Sappi sees signs of a recovery
The paper and pulp producer expects profitability to continue improving in the second quarter as demand and prices recover.
Hulamin reports improving demand
The aluminium products manufacturer says demand for its rolled products has picked up since the announcement of new import duties.
The electrical, cable and lighting business says first-half earnings will be as much as 30 percent higher.
Glencore adds former Anglo CEO to its board
Cynthia Carroll has worked in the resources sector for more than 30 years at companies that include Amoco, Alcan, Anglo American and Vedanta.
03 February 2021
Ingham Analytic says that the Sasol trading statement for the six months ended 31 December 2020 seems quite good at first glance but less so in...
Motus motors ahead on trading update
A trading update from the automotive group points to a better outcome than it expected three months ago.
Vodacom says new spectrum is key
The network operator says any further delays in allocating new 5G spectrum will be negative for customers.
A lender consortium has increased its debt exposure to more than three-quarters and wants Ascendis to hold on to Remedica.
Curro marked down on Covid-19 impact
The group will report a basic loss and a big decline in headline earnings after the pandemic resulted in fewer learners and rising impairments.
The property fund released unreviewed results in 2019 after it bumped heads with its auditors over property valuations.
Orion secures Okiep copper option
The Okiep Copper Company historically produced more than 2 million tons of copper in the Northern Cape.
02 February 2021
The telecoms and fintech group says it is ready, able and willing to proceed with its offer for Adapt IT.
Brait weighed down by Virgin gym chain
The investment company says liquidity at its Virgin gyms in the UK, Italy and Asia Pacific has dried up.
DRDGOLD supported by higher gold price
The mine tailings retreatment specialist says increased revenue was offset by higher costs.
Bowler Metcalf rallies on bullish update
The plastics manufacturer benefitted from higher sales volumes and operational efficiencies.
The Polish government has eased restrictions as Covid-19 case numbers in the country continue to decline.
01 February 2021
Sasol soars on positive turnaround
The energy and chemicals company says its performance was impacted by Covid-19 and hurricanes that battered the US Gulf Coast.
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EOH makes progress with turnaround
The technology services company expects to report positive first-half operating profit as it trims debt and cuts costs.
AMSA rallies on improving prospects
International steel prices are back at levels last seen in 2008 after hard lockdowns resulted in demand outstripping supply.
Barloworld on track with strategy
The industrial holding company says it has benefitted from easing lockdown restrictions and recent acquisitions.
The company took steps to save costs and create synergies after lockdowns impacted its first-half performance.
Spur suffers under revised lockdown restrictions
The restaurant group says the national curfew, banned alcohol sales and the closure of beaches hurt sales in December.