NEWS ARCHIVES


02 June 2020

CORPORATE ANNOUNCEMENT BY: Sirius real estate

Bidvest's businesses on review due to virus

The group says it may retrench some employees as it right-sizes its operations to keep them competitive in a changing environment.

Standard Bank warns of Covid-19 impact

The bank says credit impairments may exceed those recorded during the global financial crisis.

Covid-19 puts paid to Sasfin’s deal with Arise

The niche bank and financial group says shareholders should still exercise caution due to the potential disposal of its stake in Efficient Group.

Capco grows its West End presence

The London real estate investor has bought a significant stake in Shaftesbury, which owns property near its Covent Garden estate.

Sirius declares dividend despite Covid-19

The German-focused real estate group has grown its rent roll by more than 5 percent for a sixth consecutive year.

Capital Appreciation grows dividend after strong year

The FinTech business says its business continued to operate throughout the lockdown, buoyed by growing demand for new technologies.

CORPORATE ANNOUNCEMENT BY: SASFIN HOLDINGS LIMITED

CORPORATE ANNOUNCEMENT BY: Capital Appreciation Limited




01 June 2020

Nampak toasts the reopening of bottle stores

The packaging group says it has been impacted by weak demand that has been aggravated by the Covid-19 lockdown.

Capitec flags rare earnings decline

Separately, a deal was announced that will see EasyEquities launch investing services on the new Capitec mobile banking app.

Raubex hopeful about new road projects

The construction and road-building group wants to participate in some of the projects aimed stimulating the economy post Covid-19.

Quilter wraps up odd-lot offer

The wealth manager has cut its shareholder base by close to half in a move that will reduce its administrative costs.

Reinet’s value declines on BAT and Covid-19 volatility

The investment group says the decrease in its net asset value from January to March topped one billion euros.

Global tourism gradually starts picking up again after forced hibernatio

Let's see what Chris Gilmour has to say about the week ahead.

Tsogo Sun hit as virus leaves beds empty

The hotel operator has appealed for the government to continue opening the economy as quickly as possible.




29 May 2020

Mr Price not shopping for Jet

The value retailer has dismissed speculation that it could be poised to buy clothing retail chain Jet.

Retrenchments on the cards as Barloworld prepares for post-Covid reality

The industrial group says its Automotive and Logistics and Equipment southern Africa operations will be most affected by the job cuts.

Illusory value

Ingham Analytics issues a Trader note entitled "Illusory value'which tackles the topic of Prosus and by extension Naspers and Tencent.

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

THE U.S. E-2 VISA - THE QUICKEST ROUTE TO LIVING AND WORKING IN AMERICA

Many South Africans are motivated to immigrate to the U.S. and are prepared to invest a significant sum of money, but are not prepared to wait...

Old Mutual warns of lower earnings as Covid-19 impacts sales

The life assurer says many of its agents have been unable to sell policies, impacting productivity and new business acquisition over the past two months.

MiX Telematics prepares for tougher year ahead

The vehicle tracking and asset management solutions group has suspended guidance due to market uncertainty.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Please Mr President, don’t put the cart before the horse

The question is whether by limiting rights, the spread of COVID-19 is kept to a minimum while balancing the urgent need for our economy to operate.

CORPORATE ANNOUNCEMENT BY: BRIMSTONE INVESTMENT CORPORATION LIMITED




28 May 2020

PSG to unbundle most of its Capitec stake

The investment holding company aims to reduce the discount its shares trade at and avoid any new regulatory requirements that may lie ahead.

Pepkor withholds dividend as sales decline

The retailer says it lost out on an estimated R5 billion in revenue during the lockdown in April.

Woolworths cushioned by strong food sales as clothing plummets

The retailer has suspended dividends until the trading has stabilised after reporting a big drop in clothing, home and beauty sales.

Springbok Legends Launch Online Video Series – “Use It or Lose It”

With sports from across all codes grinding to a halt with the onset of COVID-19, we have seen a huge impact on the entire value chain...

ADvTECH falls behind on school fees

The private education group says collections fell in April and it has been helping families affected by the lockdown.

Datatec lifted by Westcon turnaround

The tech group says it was able to adjust quickly to a remote working environment and has seen increased demand for work-from-home technologies.

Arrowhead postpones dividend decision

The real estate investment trust says in order to protect its balance sheet and bolster liquidity, it will decide on a dividend with its full year...

CORPORATE ANNOUNCEMENT BY: TASTE HOLDINGS LIMITED

CORPORATE ANNOUNCEMENT BY: enX GROUP LIMITED

CORPORATE ANNOUNCEMENT BY: ECSPONENT LIMITED

CORPORATE ANNOUNCEMENT BY: PSG GROUP LIMITED




27 May 2020

Absa says bad debts have doubled

The bank says impairments have risen sharply since late March and its return on equity has fallen materially.

Coronation sticks with dividend

Fund under management declined sharply in March due to the Covid-19 driven market crash and net outflows but it is still paying a dividend.

Covid-19 deters Famous Brands from dishing up a dividend

The restaurant group is concerned about how long trading restrictions will remain in force and how consumer spending is impacted after the lockdown.

Exemplar beats distribution guidance

The shopping centre owner has grown its annual dividend by more than expected but is not providing guidance for the year ahead.

Afrimat makes a play for Unicorn

The group may make a firm offer for Unicorn as it targets Nkomati Anthracite to beef up its Bulk Commodities division.

Orion Minerals advances with Prieska project

The minerals exploration and development company says an updated bankable feasibility study has delivered a number of improvements on a previous study.

CORPORATE ANNOUNCEMENT BY: Unicorn Capital Partners Limited

CORPORATE ANNOUNCEMENT BY: EXEMPLAR REITAIL LIMITED

CORPORATE ANNOUNCEMENT BY: RCL FOODS LIMITED




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