19 June 2020
The leaner Sasol 2.0 will focus on its core Chemicals and Energy businesses to ensure that it remains sustainable at lower oil prices.
The steelmaker says previous cost-saving initiatives will not be enough due to the impact of Covid-19 on its business.
Which JSE listed mining company has a market capitalisation 40% larger thank Anglo America...
Weekly summary of Merger & Acquisition activity by South African companies
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
The retail group wants to reduce its debt and have cash on hand to take advantage of any opportunities that arise.
Majority shareholder PSG Financial Services will follow its rights and mop up more shares if they are not taken up by minorities.
Results have been distorted by the listing of Prosus last year, while Covid-19 may impact its 2021 numbers.
Weekly summary of corporate finance activity by South African exchange listed companies
The challenging commercial environment has served as a catalyst for innovation, resulting in an evolution of dealmaking that requires greater agility and flexibility
18 June 2020
Massmart says its losses will widen after it lost billions of rands in sales and it is borrowing R4 billion from parent group Walmart just in...
A clinical trial found that the steroid treatment reduced the death rate in patients requiring respiratory intervention as a result of Covid-19.
The sugar producer and land owner is disposing of non-core businesses in a bid to reduce debt by at least R8.1 billion by next March.
The platinum producer says it will remain an active participant in the development project and will retain its minority shareholding.
The tile manufacturer and retailer expects sales to continue recovering after they ground to a halt in April.
The investment company has reported a basic loss after impairing its hotel and gaming interests, as well as some oil and gas exploration assets.
17 June 2020
The health insurer and financial services group says full-year earnings will take a hit and it will not pay dividends until it is appropriate to.
Although sales have picked up sooner than expected, the food services company says it is too early to determine whether it will pay a dividend.
It will use the cash to support its other portfolio companies and may consider new investments, share buybacks or a special dividend.
The telecoms group says its full-year results were affected by retrenchment costs, Covid-19-related impairments and a decline in fixed-line business.
The coal producer expects demand to improve from next month as the economy continues to reopen.
The real estate investment trust says it would not meet liquidity requirements if it made the payment due to its capex obligations.
16 June 2020
15 June 2020
The industrial group booked higher credit losses and impairments as a result of the global economic slowdown and the pandemic.
Some hotels are now operating on a limited basis to accommodate stranded guests, business travellers, essential workers, and those in quarantine.
The word qaphela gives a clue to Ingham Analyitcs's thinking on Kumba. Do you stay? Do you go? Do you invest more.
The property group says the pandemic may lead to opportunities to buy more properties to meet growing demand for its multi-let industrial estates.
The logistics group says it has become fully operational again and no significant impairments of its assets are currently required.
The property fund says its apartments were almost half full by the end of February, bringing more traffic into its shopping centre.
The investment holding company plans to delist due to the impact the virus is expected to continuing to have on equity capital markets.