NEWS ARCHIVES
09 July 2021
Another JSE stalwart heads for the door
Imperial Logistics is the latest company that looks set to leave the JSE. It's a win for shareholders and a loss for the market.
Zeder: less of a discount than you think
Zeder's share price is 30% lower than the sum-of-the-parts valuation. However, that valuation is missing some key costs.
Who's doing what this week in the South African M&A space?
Weekly summary of Merger & Acquisition activity by South African companies
Who's doing what in the African M&A space?
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
Thorts: What the Gatekeepers think of Reg 28 Amendments
Alternative assets are receiving consideration as suitable replacements for the long-term needs of pension funds but issues around definitions must be addressed
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies
08 July 2021
The market throws equity at Equites
Equites planned to raise R500m on the JSE to fund its pipeline. Demand was so high that the amount was increased to R1bn.
Schroder is a property fund focused on Western Europe and listed on the JSE. The fund is cash-flush at the moment.
Harmony is the largest gold producer in South Africa by volume. The company has achieved its objectives for the recent financial year.
Appeal against Steinhoff withdrawn in Holland
As Steinhoff looks likely to return to the negotiating table with creditors, Hamilton won't be appealing in Dutch courts.
07 July 2021
Ellies achieves a non-dilutive B-BBEE deal
A B-BBEE deal with shares issued at a premium, no vendor assistance and a 10-year lock-in? Believe it. It's real.
Attacq sells its logistics exposure
This is clever dealmaking. Attacq is reducing debt by selling logistics exposure at attractive prices.
The EOH rollercoaster continues
EOH is managing another PR mess, this time linked to a possible restriction on public sector work
Unemployment is intrinsically an ESG crisis, likely to affect retail investors
South Africa is certainly no land of milk and honey right now.
06 July 2021
Tencent. Alibaba. The cheese is the growth potential in a huge market. The trap is the Chinese regulatory ecosystem.
Liberty is still finding its way
Although earnings are still heading in the right direction, a 20% improvement on a substantial loss is still a loss.
Chrometco is running out of road
Chrometco's businesses are either headed for business rescue or care and maintenance, as the group becomes a casualty of the latest lockdown.
Despite the pandemic, CSG Holdings posted another year of operating profit. This small cap has shown surprising resilience.
Unemployment is intrinsically an ESG crisis, likely to affect retail investors
South Africa is certainly no land of milk and honey right now.
05 July 2021
Robinhood: the shovels for the gold rush
Robinhood is coming to market. The company has defined an era, providing the tools for an uprising of retail investors. It hasn't been smooth sailing.
Facebook updates its market cap status
Facebook has become the fastest company in history to reach the $1tn market cap milestone, but the antitrust fight is far from over.
Chinese ride-hailing app Didi debuted on the US market last week. In a shocking turn of events, Chinese regulators are now targeting the company.
MAGIC MARKETS PODCAST: The ESG Enforcer
Tracey Davies is an ESG enforcer, keeping South African corporates honest. This is possibly our most passionate show thus far and is a must-listen.
SENS
Further Announcement on the Disposal of Nutritional Foods (Pty) Ltd and Associated Resignation of Director NUTRITIONAL HOLDINGS LIMITED (Registration number: 2004/002282/06) (Incorporated in the Republic of...
Published date: 02-Aug-2021 17:45:00Change in Sponsor HULISANI LIMITED Incorporated in the Republic of South Africa (Registration number: 2015/363903/06) JSE Share code: HUL ISIN: ZAE000212072 ("the Company") CHANGE IN SPONSOR...
Published date: 02-Aug-2021 17:44:00Notification of change in the beneficial interest in Accelerate ACCELERATE PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Registration No 2005/015057/06) JSE code: APF...
Published date: 02-Aug-2021 17:30:00YESTERDAY'S BEST READ
Weekly summary of corporate finance activity by South African exchange listed companies
