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.

10 September 2020

Zeder CEO quits amid strategy shift

Norman Celliers, who was instrumental in rationalising its investment portfolio, leaves at the end of the month.

No dividend as Aspen gets debt down

Following a number of disposals, the pharmaceuticals group says a reshaping process is complete.

Cautious Growthpoint holds back on dividend

The REIT deferred its decision on a final dividend until later this year as a precautionary measure to provide additional financial flexibility.

Momentum Metropolitan misses target due to Covid-19

The insurance group maintains its Reset and Grow strategy has placed in it a better position to manage the impact of the pandemic.

The devil incarnate, Softbank?

In the recent US tech market gyrations, the name Softbank has cropped up to take on the role of villain of the piece.

Sabvest fares better than expected

The investment company expects a recovery in most of its underlying investment companies next year if there are no further lockdowns.

Alviva warns of lower earnings

The ICT products and services group says it has focused on maintaining and improving equity to ensure its sustainability.


09 September 2020

Shoprite beats the recession blues

The supermarket giant has grown volumes as it increased its share of the local grocery market.

Aspen rallies on European thrombosis sale

The pharmaceuticals group says the deal supports its strategy to earn more of its revenue in emerging markets.

Impairments push Merafe into a loss

The company has held back on an interim dividend to focus on capital management and cash preservation.

Mustek relatively unscathed by Covid-19

The ICT group says there was increased demand for its products and services as more people worked from home.

Labat feeds its growing weed business

The investment group is negotiating to buy a cannabis cultivation operation in the Eastern Cape as it grows its medicinal cannabis business.



08 September 2020

AVI benefits from snacking during lockdown

Due to healthy cash generation and an expected recovery in businesses affected by the lockdown, the company has declared a final dividend.

Capitec warns of Covid earnings hit

The bank has been impacted by rising credit impairments and a decline in transaction volumes as a result of the lockdown.

Looking for dips - Capitec

Yesterday, Capitec issued a trading statement. Ingham Analytics have handily issued a Searchlight...

Brait marks down Iceland price tag

The investment group is giving the buyers a rebate in return for full payment almost two years ahead of schedule.

If you like ETFs, wait till you hear about structures

I believe the next stage of financial innovation is the Retail Structured Product.

Covid-19 takes a heavy toll on Bell

The equipment maker and distributor has also announced changes to its arrangement with shareholder John Deere.

Metrofile rallies on trading statement

The documents storage business will post a strong rise in headline earnings but a basic loss for the year to June.

Kibo acquires new power project

The energy group is acquiring power plants to take advantage of the fast growing reserve power market in the UK.



07 September 2020

C&R withholds dividend as earnings tumble

Due to the current level of uncertainty, the shopping centre owner says it will not resume dividends until market circumstances improve.

Encouraging support as MC Mining receives funding

The company is making progress in securing the balance of Phase 1 funding for its Makhado Project following lockdown delays.

Putprop increases dividend as conditions deteriorate

The property investment company says trading conditions will remain challenging, constraining capital and dividend growth in the sector.

Luxe Holdings flags narrower loss

The company, formerly called Taste Holdings, attributes the improvement to dilution following a rights issue in February.

Thorts - Dealmaking opportunities in a time of crisis

A liquidity crisis for some could mean an investment opportunity for others and the benefits don’t need to stop at the investor ..

The Week Ahead

SA Q2 GDP figures released on Tue Sep 8. Not for the faint-hearted.

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