12 May 2020

Price cuts boost data traffic at Vodacom

The network operator says the trend of increased data traffic has continued into its new financial year after it reduced tariffs again last month.

Life Healthcare counts the cost of Covid-19

The private hospitals group is holding back on an interim dividend so it can preserve cash due to uncertainty brought on by the pandemic.

Why do central banks do what they do?

What could the South African Reserve Bank do that would be a fool's errand that will end badly for the country? In "Why do central banks...

RDI holds back dividend due to Covid-19

The real estate investment trust says it will re-evaluate its cash and liquidity position at year end.

AngloGold Ashanti shines on higher gold price

The gold producer says free cash flow more than trebled despite lost production as a result of Covid-19 restrictions.

Group Five to delist next month

The business rescue practitioners says there is no realistic prospect of anything remaining for shareholders.



11 May 2020

S&P downgrades SA banks

The agency does not rate banks above the national ratings given the direct and indirect impact that sovereign distress would have on their debt.

Phumelela limps into business rescue

The horse racing and sports betting group says business rescue is the best option to ensure its long-term survival.

Labat Africa places fuel operation into business rescue

While the black-owned investment group has considered exiting its energy investments, it says the focus is now on returning Force Fuel to profitability.

Resilient sticks to dividend policy

The REIT says it will also write of its remaining investment in Edcon, which entered business rescue at the end of last month.

Adcorp warns of full-year loss

The recruitment company says earnings were impacted by impairments as it struggled with constrained trading conditions.

Merafe resumes limited operations

The company says stringent Covid-19 restrictions and return to work processes have been implemented as it commences some operations.

The Week Ahead

The strong rise in the S&P 500 may be overly optimistic

08 May 2020

Dissolving pulp out of fashion for Sappi

The pulp and paper producer says orders for dissolving pulp have fallen sharply due to lower demand for textiles.

AB InBev loses froth over Covid-19

The group expects a worse second-quarter after more governments restricted its ability to brew and sell beer.

Kaap Agri prepares for continued volatility

While retail trade is likely to remain under pressure in the short term, it expects its good agri-trade performance to continue.

DRDGOLD dips into its stockpile as output declines

The gold producer sold down its inventory in anticipation of the lockdown, benefitting from a rising gold price.

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)

Premier Fishing’s exports under pressure

While global demand for its products remains high, the fisheries group has been hampered by restrictions on exports and pressure on selling prices.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Can a subsidiary company ever hold more than 10% of the issued shares in its holding company?

If a subsidiary crosses the 10% threshold through no act of its own, from a policy perspective, this should probably not be a breach of the...




07 May 2020

Higher gold price cushions Harmony

The gold producer may raise up to $200 million in share capital to part fund the acquisition of Mponeng from AngloGold Ashanti.

Lower for longer on rates?

Ingham Analytics poses an interesting question for investors.

NEPI Rockcastle welcomes back shoppers

The shopping centre owner says close to half the floor space at its shopping centres is trading again as lockdown restrictions are eased.

Investec Australia Property Fund cautious after a fruitful year

The fund says it is holding back on providing any guidance for the year ahead due to the potential impact of Covid-19.

Fairvest withdraws distribution guidance

The shopping centre owner says it has no idea how Covid-19 will impact distributable income in the months ahead.

Anchor grows assets in volatile environment

The fund manager and stockbroker says it benefited from strong inflows and rand weakness in the first quarter of the year.

CORPORATE ANNOUNCEMENT BY: intu properties plc


06 May 2020

Comair descends into business rescue

The airline operator says its business model remains sounds and it believes it will return to the skies once restrictions have been lifted.

enX sale to Bidvest falls through

Bidvest declined to extend the deadline to give the Prudential Authority more time to approve the R3.1 billion Eqstra transaction.

Telkom delays results due to Covid-19

The telecoms group says investors should not draw undue adverse inferences as a result of it making use of the extension.

Amplats ramps up processing plant

The group says it is engaging with suppliers of PGM concentrate to lift force majeure imminently as it restarts refined production.

Equites benefits from strong tenant base

The specialist logistics property fund has reported strong rental collections, with most of its tenants continuing to operate during the lockdown.

Stenprop makes progress on rent collections

The property group has also continued to benefit from interest in its multi-let industrial properties in the UK.

Phumelela faces possible liquidation

Unless talks to raise capital are successful it will have to decide whether there is a reasonable prospect that its business can be rescued.


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