15 December 2020
The investment holding company is profiting from the growing market for medicinal cannabis and has disposed of its fuel businesses.
The pharmaceuticals and natural medicines group already has two significant export contracts.
Another period of reduced production and a drop in the chrome price could threaten its ability to continue as a going concern.
The move follows the withdrawal of its most recent financial statements after its auditors withdrew their audit opinion on evidence of fraud.
The publishing and printing group is disposing of its stakes in Octotel and RSAWeb to a private equity investor.
14 December 2020
The UK software and solutions group commences unconditional trading on the London and Johannesburg stock exchanges on Thursday.
Following a number of disposals, the agri group said it had made good progress in achieving its debt reduction milestones.
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'Being South African... is a strong and determined state of mind - it is believing in the improbable.'
The diversified mining group aims to grow volumes by 20 to 25 percent over the next three to five years.
Barring any new restrictions in the event of further Covid-19 waves, production is expected to return to normal from next year onwards.
The ICT group has been impacted by the weak economy and a slowdown in government spending.
The infrastructure supplies group has proposed a scheme of arrangement to buy out minority shareholders and delist.
US economic recovery appears to be stalling
11 December 2020
The emerging natural gas producer is developing what it believes is one of the highest concentrations of helium globally at Virginia in the Free State.
A rise in its share price swayed bondholders from taking up the invitation.
The listing will take the number of securities on A2X to 39 with a combined market cap of more than R2.2 trillion.
The industrial holding company says its strategy and diversified business model have proven to be resilient through the Covid-19 crisis.
Weekly summary of Merger & Acquisition activity by South African companies
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
The company is expanding its Temporary Employment Services business into more niched and highly skilled resources.
Weekly summary of corporate finance activity by South African exchange listed companies
The liquidity and debt challenges faced by companies will have an impact on their ability to comply with financing obligations and commitments
In recent years, minority shareholders have attempted to propose sustainability, climate risk and other environmentally-related shareholder resolutions to be tabled and voted upon at shareholders’ meetings
10 December 2020
The property fund says its auditors have withdrawn their audit opinion on its 2020 numbers which will delay the release of its interim results.
The industrial holding company will still own a stake through its joint venture with the Akoo family in Durban.
The hotel group says occupancies continue to recover but it will still report a decline in first-half earnings.
The life insurance group says the gradual easing of lockdown conditions has supported sales but it expects conditions to remain challenging.
The tobacco giant says the Covid-hit has not been as bad as expected, while the resumption of SA sales has helped.
The real estate investment trust says it is disappointed its share price has not reflected its performance.
09 December 2020
The cement producer says its capital restructuring project remains a key priority.
The fund manager credits its low-cost investment and savings products for a big rise in full-year earnings.
The appointment means the gold miner will have two women at the helm after Christine Ramon took over as interim CEO.
The company will consider dividends for ordinary shareholders in the medium term once it has de-risked the preference share structure.
Shareholders have approved the repurchase of up to 20 percent of its stock.