17 September 2020

Motus withholds dividend as car sales stall

The automotive group says it will reassess the resumption of payouts this year depending on its trading results.

Discovery reveals the impact of Covid-19

The financial services group has held back on a dividend and says payments will only resume when appropriate.

Record dividend as Pan African cashes in on higher gold price

The mining company has beaten full-year production guidance despite the impact of Covid-19 on its operations.

USDZAR hits 16.20!

Should you double down on rand or switch to US dollars?

Brait receives Iceland cash

The investment group says members are returning to its Virgin Active gyms while food group Premier has had a strong first half.

Mpact declares force majeure at Springs operation

The paper and packaging group says the impact on earnings remains uncertain as it waits for power to be restored to its paper mill.

16 September 2020

Load shedding proves a drag on TFG

Adding insult to Covid-19 injury, the retail group has lost about 15,000 trading hours due to load shedding.

Harmony targets higher production

The gold miner says the acquisition of the Mponeng mine will help lift production in the year ahead.

ARC Investments plans rights issue

Funds raised will be used to pay for existing and new investments and settle an outstanding fund management fee.

PPC falls as adds asset sales to a possible rights issue

Its shares fell sharply after it said asset sales are also on the cards as its battles to reduce debt.

Covid-19 dents Transaction Capital growth record

The company will report a decline in earnings but says the taxi industry has rebounded and it expects benefits from WeBuyCars.

Remgro flags profit decline

The investment company says most of its underlying investments have been affected by the Covid-19 pandemic.


15 September 2020

Bidvest delivers credible performance

Incoming CEO Mpumi Madisa will take the reins as the services and trading group recovers from the impact of Covid-19.

Metrofile increases dividend after resilient performance

The documents storage business, which is the target of a proposed takeover, says it has benefitted from annuity income streams.

Steel yourself

If you're a shareholder in Kumba (of which Anglo American owns 70%), BHP, Fortescue and Rio Tinto you'll be interested in what is driving iron ore...

Volatility is predicting something extraordinary this November…

Futures on the Volatility Index (often called the VIX) are showing an unusual pattern in terms of their pricing.

Harmony gets green light for AngloGold mines

The Department of Mineral Resources and Energy approved the transfer of the West Wits mineral rights to Harmony with no conditions.

Jubilee Metals gets Zambian licence renewed

The metals processing company says it will be in the position to produce its first copper concentrate within three months.

Astral claims limited Covid-19 impact

Operating profit and headline earnings will be lower due to additional costs and the impact of the lockdown on chicken prices.

Grand Parade’s losses widen on Covid-19

The investment group has accelerated the sale of non-core assets in response to the pandemic.


14 September 2020

Anglo sees sparkle return to De Beers

The diamond producer has reported a recovery in demand for diamonds as sentiment improves and lockdown conditions ease.

Afrox cushioned by stable healthcare demand

The gases and welding products group has reported lower volumes after sales were impacted by the Covid-19 lockdown.

Sasfin to report a loss due to provisions

The bank and financial services group says it has focused on ensuring a strong balance sheet to withstand further shocks to the economy.

Net1 refocuses on SA business

The fintech and payments group says it has begun reinvesting in its SA operations, with demand returning since the lockdown was eased.

RMH devalues property investments

The investment company says Covid-19 has had a big impact on valuations of its property in SA and Europe.

What's Happening in the Markets this Week

The Chinese economic recovery keeps going | South African second-quarter GDP figures were released on Tue Sep 8 and were far worse than generally anticipated.

11 September 2020

FirstRand takes Covid credit knock on the chin

The banking group says activity levels are expected to remain muted for now, but it is positioned for a recovery when things normalises.

Most challenging period for Sanlam

Covid-19 turned the tables on what started out as a positive year for the insurance group.

Bidvest warns of Covid-19 impact

The industrial services and trading group has booked a number of impairments and additional charges as it right-sized its operations.

The big players may have found a new way to game the market

Many of you may have been surprised by the recent rise in markets, despite the fact the real economy remains depressed.

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)

Harmony to report a loss despite higher gold price

While sales benefitted from the higher rand gold price, the weaker rand impacted dollar borrowings and the value of its gold hedges.

Balwin impacted by construction lockdown

The residential property developer says it lost about three months of construction activity as a result of the lockdown.

Corporate finance activity of the week

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

Thorts - COVID-19 – The good, the bad and the possibility to bounce back

COVID-19 will be a massive destructor of current economic value and social structures in the interim, but it will undoubtedly create opportunities through necessity.

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