NEWS ARCHIVES
08 October 2020
Tobacco and alcohol bans cost Pick n Pay
Apart from lost sales during the lockdown, the retailer faced additional costs to improve hygiene and safety and reward front-line staff.
No dividend as Zeder reconsiders strategy
The agricultural investment company is maintaining a cautious stance but says conditions for its underlying businesses are improving.
Afrimat supported by iron ore prices
The open-pit mining company says its businesses have recovered from the impact from the impact of Covid-19.
Tsogo makes firm offer for Hospitality
Minority shareholders are being offered the same terms that fund managers agreed to in July for their Hospitality shares.
Despite resilient businesses, the technology group says it was impacted by currency movements and the effect of a tax credit last year.
Sirius reports increased demand for rentals
The German-focused real estate group says it collected almost all rent owed to it in the first half of the year.
07 October 2020
Despite a sharp fall in the oil price this year, the resources group believes that the fundamentals for oil will be attractive for the next decade.
Investors would be well advised to take stock of labour force, consumption, and savings patterns when tailoring their investment strategies.
The investment company says Net1 is an attractive investment trading at a discount to the cash on its balance sheet.
Renergen strikes supply deal with Logico
Logico will transport liquefied natural gas to Total filling stations between Johannesburg and Durban.
Newpark to report lower distribution
The real estate investment trust granted some tenants short-term cash flow relief due to Covid-19.
06 October 2020
French investor says oui to MultiChoice
No comment as the French media company acquires a sizeable holding its biggest competitor on the continent.
Balwin rallies after President opens Mooikloof Mega-City
The public-private development has been designated as a strategic integrated project.
Afrimat wants business rescue for UCP’s Nkomati mine
The open-pit mining company says it cannot provide additional funding to the mine on an unsecured basis.
Growthpoint to pay final dividend
The real estate investment trust delayed the declaration of its full-year payout due to the uncertainty caused by Covid-19.
The freight and logistics group says it will resume repurchases following sustained cash generation from its continuing businesses.
Sasfin recovers value from Efficient sale
The bank has sold its stake in Efficient for more than it was worth at the end of June.
05 October 2020
Sasol sells Lake Charles stake to trim debt
The energy and chemicals group may still resort to a rights issue to get comfortably within its debt covenant thresholds.
The mutual bank and microlender says advances were heavily impacted by the Covid-19 lockdown, resulting in a big increase in surplus cash.
Insimbi dented by Covid-19 lockdown
The metals recycling company says second quarter earnings bounced back after it lost several weeks of trading in the first quarter.
Thorts - A guide to take-private transactions in South Africa
The fall in equity and other markets brought about by the impact of COVID-19 has led to many listed companies appearing attractively priced to take-private.
Unicorn Capital Partners narrows its losses
The company, which is likely to be taken over by Afrimat, faced a number of issues on top of Covid-19.
Sibanye-Stillwater bolsters executive after strong growth
Business development vice president Richard Stewart has been promoted to chief operating officer from 1 December.
02 October 2020
Wendy Lucas-Bull to replace Christo Wiese at Shoprite
Wiese is retiring from the position he has held for close to three decades at the annual general meeting next month.
The restaurant group is replacing Pierre van Tonder, who has led it for the last 24 years, as well as CFO Phillip Matthee.
Ingham Analytics examines the phenomenon, not of Kruger Park animals, but of the large tech stocks in the US that have been the driver of the...
Who's doing what in the African M&A space?
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
Thorts - A guide to take-private transactions in South Africa
The fall in equity and other markets brought about by the impact of COVID-19 has led to many listed companies appearing attractively priced to take-private.
Who's doing what this week in the South African M&A space?
Weekly summary of Merger & Acquisition activity by South African companies
Metair cancels its 2019 dividend
The auto components and energy storage company says paying the dividend would imperil its solvency and liquidity.
Covid-19 puts Ellies' going concern status at risk
The consumer and commercial electronics manufacturer says the continued onslaught of the Covid-19 pandemic has rendered its prospects for growth challenging.
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies
SENS
Change to the Board - Director Appointment MINE RESTORATION INVESTMENTS LIMITED Incorporated in the Republic of South Africa (Registration number: 1987/004821/06) Share code: MRI ISIN: ZAE000164562...
Published date: 23-Jul-2021 17:23:00Acquisition of Up To 35% Of Financiera Contigo - Amendment of Agreement Finbond Group Limited (Registration number: 2001/015761/06) Share code: FGL ISIN: ZAE000138095 ("Finbond" or "the...
Published date: 23-Jul-2021 17:00:00AGM Results and Market Update FAMOUS BRANDS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1969/004875/06) Share code: FBR ISIN code: ZAE000053328 ("Famous Brands"...
Published date: 23-Jul-2021 17:00:00YESTERDAY'S BEST READ
Mr Price suffered the loss of 111 stores, which the company intends to reopen based on specific circumstances of each store.
Port disruptions last week were understandable, but the underlying state of our rail network is creating longer-lasting problems.
The disruption to supply chains has been laid bare and the gap between big corporates and SMEs has surely widened as a result.
