NEWS ARCHIVES


29 April 2020

Gemfields delisting from Bermuda

The coloured gemstones group says the listing is no longer required following its admission to AIM on the London Stock Exchange.

Hudaco prepares for A2X listing

The automotive and industrial parts distributor will take the number of securities on the alternative market to 37 when it lists on 5 May.

Atlantic Leaf maintains strong tenant base

The real estate investment trust says the only vacancy was the one left by collapsed travel firm Thomas Cook.<

Kore Potash makes progress with Dougou project

The exploration and development company expects to publish the pre-feasibility study next month as it moves towards its first potash production.

Covid-19 a further blow to Labat Africa

The investment holding company is considering exiting its fuel investments to focus on growing its healthcare business.




28 April 2020

Quilter prices odd-lot offer

Shareholders eligible for the stock buyback should receive payment by the end of May.

FirstRand gets more gloomy

The banking group has pulled its earnings guidance for the year to end-June due to the continued deterioration in trading conditions.

Eurozone Stress Fractures – Déjà vu all over again

The eurozone members are squabbling among themselves (yet again) around the economic and financial fallout of coronavirus.

Wesizwe flags a full-year profit

Shares of the platinum producer rallied on news of a 200 percent improvement in its profitability.

MC Mining pushing ahead with Makhado funding

The coal producer continues to engage with potential capital providers and expects to have funding for the project in place by the end of September.

The Week Ahead

An additional 4.4 million Americans filed for unemployment benefit last week, bringing the total US unemployment figure above 26 million.

Merafe reports output decline as production stops

The Glencore Merafe Chrome Venture put its operations on care and maintenance last month due to the national lockdown.

Trematon positioned to weather Covid-19

The investment holding company says it is in a comfortable financial position and its Generation Schools business has adapted to online education.




24 April 2020

PSG cuts dividend as Capitec saves cash

The investment holding company is also looking for ways to unlock the discount its shares trade at as it considers corporate action.

Sasol targets salaries as Covid-19 grips

The oil and chemicals group says it has to take all necessary measures to manage current market volatility and uncertainty.

A raw state

Can Sasol make savings, what about the feasibility of a gigantic rights issue?

Clicks maintains health during lockdown

While retail outlets are operating under sales restrictions, pharmaceutical distribution business UPD is in prime position to supply healthcare facilities with medicine.

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)

Anglo cuts its cloth to fit Covid-19 curtailment

With a number of its mines operating at reduced capacity, Anglo has trimmed production guidance for the year and is cutting back on spending.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - EC set to extend investors’ duties of care to the public, beneficiaries and shareholders

Up to now, the boards of institutional investors and asset managers have owed fiduciary duties of care only to their shareholders and companies. This is set...

CORPORATE ANNOUNCEMENT BY: ELB GROUP LIMITED




23 April 2020

Standard Bank prepares for worse bad debt

The bank says says credit impairment charges in the first three months of the year were significantly higher than a year ago.

Gemfields steps up security to protect its gems

The Mozambican government recently released prisoners to reduce overcrowding in its prisons, including around 150 illegal miners.

Octodec withholds dividend amid uncertainty

The property group says future payouts are at the mercy of a shrinking economy, rising unemployment and declining disposable income.

KAP warns a dividend is unlikely as it cuts salaries

The industrial group says it is cutting costs, including its wage bill, and its board is unlikely to declare a dividend this year.

Nu-World cushioned by offshore businesses

The consumer electronics group is expanding products and brands offshore as it battles weak consumer demand in SA.

Lockdown adds pressure to Cashbuild’s sales

The building materials retailer says its SA stores are operating under strict guidelines and reduced hours.




22 April 2020

Sasol slides as oil prices turn negative

The oil and chemicals group fell sharply before recovering most of its losses as oil futures contracts for May expired.

BHP maintains guidance despite Covid-19 setback

The mining giant expects full-year production to be in line with last year but may trim capital spending going into 2021.

Eskom serves force majeure letters on Wescoal

Wescoal says Eskom has not yet indicated how its coal supply agreement with its power stations will be affected.

Liberty open for business - from home

The life assurer says the impact of volatile market conditions has been felt mostly in its Shareholder Investment Portfolio.

Quilter to proceed with dividend payout

The wealth manager says its financial position remains strong after completing part of its share buyback programme.

Stenprop says its properties remain in demand

The group says it continues to attract new tenants for its multi-let industrial properties through digital channels.

CORPORATE ANNOUNCEMENT BY: PRIMESERV GROUP LIMITED




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