NEWS ARCHIVES
20 May 2020
Rhodes benefits from stockpiling
The food producer says its international segment was held back by reduced shipments to China and foreign exchange losses.
Santova holds dividend due to global trade uncertainty
The logistics group says its resources are best conserved at this time due to ongoing uncertainty in the global economy.
Poseidon and the other banking gods
Poseidon is an appropriate figure of speech as the mythological god was grumpy and powerful - and these are grumpy COVID-19 times.
Richemont bulks up balance sheet with bond sales
The luxury goods group says the additional capital will help it weather potentially tougher times while supporting business development.
Jubilee relocates plant to boost earnings
The mine-to-metals company is relocating its fine chrome recovery plant from DCM to one of its larger chrome sites.
Texton continues with disposals
The property fund is selling non-core assets as it focuses on strengthening its balance sheet and reducing debt.
19 May 2020
Astral chickens out of dividend
The poultry producer has also delayed a major capital programme to expand volumes as a result of the Covid-19 lockdown.
intu seeks standstill as it risks covenant breaches
The shopping centre owner says once the market has normalised there will be a greater opportunity to explore alternative capital structures and solutions.
Lockdown puts pressure on Massmart’s sales
The retailer and wholesaler was unable to sell items that contributed more than half of its sales last year.
Calgro M3 in better shape to weather Covid-19
The residential property and memorial parks developer is exiting its rental portfolio and outsourcing construction as it reduces debt.
The residential property developer will reconsider a dividend once it has greater certainty about the impact of Covid-19 on its business.
Old Mutual Announces Digital AGM
In Staying with a digital mindset, Old Mutual, as part of their future development, has also unveiled an ambitious plan to create Africa’s biggest Digital Classroom.
Stor-Age sees demand returning
The specialist storage property fund says strong rental collections are evidence of the defensive and resilient nature of its business model.
18 May 2020
The drinks company says earnings for the year to end-June will be significantly lower as a result of alcohol restrictions.
Dis-Chem adds Baby City to its basket
The discount pharmacy chain says Baby City has been in its sights for many years and there are clear opportunities to harness synergies.
Richemont cuts dividend as Covid-19 hits sales
The luxury goods group is investigating a scheme to reward shareholders after halving its 2020 dividend to preserve cash.
Aspen sticks to profit outlook
There has been elevated demand for some products, while others have suffered due to declines in elective surgical procedures due to Covid-19.
Foschini warns of leaner times
The retailer says the Covid-19 lockdown and store closures will have a significant impact on its business this year.
Virus holds back SPAR’s Polish acquisition
The retailer and wholesaler says its other businesses delivered strong results and it is positive about the prosects for Poland.
15 May 2020
MTN prepares for tougher conditions
The network operator says it is too early to assess the impact of Covid-19 on its customers and quantify the effect on its business.
Altron trims dividend to preserve cash
After a strong year, the technology group expects revenue to dip in the period ahead due to Covid-19.
Long4Life well-placed to weather Covid-19
The company says it has a strong balance sheet, cash on hand and minimal debt, positioning it to take advantage of acquisition opportunities.
Liberty prepared for volatile year
The life assurer says volatile markets will affect returns from its Shareholder Investment Portfolio while new business volumes are likely to come under pressure.
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?
Description: Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
The Cape-focused real estate investment trust met its guidance for this year but says the outlook for the year ahead is less certain.
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies
Thorts - Mergers & Acquisitions: basic understanding of takeover regulations
Shareholders are motivated to invest more in financial markets when their rights are protected in terms of regulated rules.
14 May 2020
Brait expects short-term earnings hit
The investment group says results for the year to end-March will reflect the impact of Covid-19 on the value of its portfolio companies.
Transaction Capital brakes on its dividend
The financial services group says it wants to preserve financial flexibility and liquidity as the lockdown affects taxi drivers.
Iron ore and steel defies COVID-19 macro gloom
So, the COVID-19 lockdowns around the world must surely have had a devastating impact on mining?
Cartrack rallies on full-year dividend
The vehicle telematics group says it continues to generate lots of cash despite a decline in new subscriptions since the lockdown started.
The restaurant franchisor says customers have so far reacted favourably to delivery-only services from some of its restaurant chains.
Delta reviews its distribution policy
Despite a defensive portfolio with government as its biggest tenant, the property fund says liquidity remains of paramount importance at present.
Kore Potash says study confirms DX project's viability
The exploration and development company is preparing to move towards its first potash production in the Republic of Congo.