NEWS ARCHIVES
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
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.
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.
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.
05 May 2020
Famous Brands dubious about home delivery
The casual dining restaurant group says it has started reopening some of its local restaurants for delivery-only services.
Redefine cautious as fundamentals deteriorate
The real estate investment trust has withdrawn full-year guidance and is holding back on its interim dividend.
Equites holds fire on Pepkor warehouse
Due to the impact of Covid-19, the property fund says it would not be prudent to proceed on the original commercial terms.
Imperial offloads European shipping business
The logistics group says shipping was identified as being non-core to its Gateway to Africa strategy.
Kimpton Kawana Bay Resort. A World-Class Citizenship by Investment Opportunity
There has been increased demand from High Net Worth Individuals in South Africa seeking secondary citizenship as a way to protect themselves and their families from...
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.
04 May 2020
Comair hits Covid-19 turbulence
The airline operator says the lockdown has caused conditions to deteriorate to the point where it is in a very difficult financial position.
RCL circular held up by postal lockdown
The food producer says it is trying all avenues to facilitate timeous access to an important circular by all shareholders.
After lockdown restrictions are over, the takeover consortium will need to take a fresh look at its books before making a firm offer.
BAT smouldering over tobacco ban
The tobacco giant says cigarette sales have only been restricted in a few countries as it reports a good start to its 2020 financial year.
Kimpton Kawana Bay Resort. A World-Class Citizenship by Investment Opportunity
There has been increased demand from High Net Worth Individuals in South Africa seeking secondary citizenship as a way to protect themselves and their families from...
RMH distributes restructure circular
The investment holding company has encouraged shareholders to obtain the circular electronically as there may be postal delays.
PPC cements CFO position as Covid-19 bites
The cement producer says overall SA sales volumes for April were about 95 percent lower than last year.
EPP rallies as Polish centres reopen
The Polish property investors says retailers will be able to resume trading sooner than previously expected.
SENS
Disposal of 127 Charing Cross Road, London for GBP59.25m
Published date: 02-Feb-2021 09:07:00Result of Placing of existing ordinary shares and preference shares
Published date: 02-Feb-2021 09:07:00YESTERDAY'S BEST READ
Many investors are asking themselves, is there still time to buy into this parabolic run?
