20 May 2020
The food producer says its international segment was held back by reduced shipments to China and foreign exchange losses.
The logistics group says its resources are best conserved at this time due to ongoing uncertainty in the global economy.
Poseidon is an appropriate figure of speech as the mythological god was grumpy and powerful - and these are grumpy COVID-19 times.
The luxury goods group says the additional capital will help it weather potentially tougher times while supporting business development.
The mine-to-metals company is relocating its fine chrome recovery plant from DCM to one of its larger chrome sites.
The property fund is selling non-core assets as it focuses on strengthening its balance sheet and reducing debt.
19 May 2020
The poultry producer has also delayed a major capital programme to expand volumes as a result of the Covid-19 lockdown.
The shopping centre owner says once the market has normalised there will be a greater opportunity to explore alternative capital structures and solutions.
The retailer and wholesaler was unable to sell items that contributed more than half of its sales last year.
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.
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.
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.
The discount pharmacy chain says Baby City has been in its sights for many years and there are clear opportunities to harness synergies.
The luxury goods group is investigating a scheme to reward shareholders after halving its 2020 dividend to preserve cash.
There has been elevated demand for some products, while others have suffered due to declines in elective surgical procedures due to Covid-19.
The retailer says the Covid-19 lockdown and store closures will have a significant impact on its business this year.
The retailer and wholesaler says its other businesses delivered strong results and it is positive about the prosects for Poland.
15 May 2020
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.
After a strong year, the technology group expects revenue to dip in the period ahead due to 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.
The life assurer says volatile markets will affect returns from its Shareholder Investment Portfolio while new business volumes are likely to come under pressure.
Weekly summary of Merger & Acquisition activity by South African companies
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 summary of corporate finance activity by South African exchange listed companies
Shareholders are motivated to invest more in financial markets when their rights are protected in terms of regulated rules.
14 May 2020
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.
The financial services group says it wants to preserve financial flexibility and liquidity as the lockdown affects taxi drivers.
So, the COVID-19 lockdowns around the world must surely have had a devastating impact on mining?
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.
Despite a defensive portfolio with government as its biggest tenant, the property fund says liquidity remains of paramount importance at present.
The exploration and development company is preparing to move towards its first potash production in the Republic of Congo.