NEWS ARCHIVES


19 June 2020

Jobs at risk as Sasol unveils new look

The leaner Sasol 2.0 will focus on its core Chemicals and Energy businesses to ensure that it remains sustainable at lower oil prices.

AMSA plans large scale restructuring

The steelmaker says previous cost-saving initiatives will not be enough due to the impact of Covid-19 on its business.

New hands on the financial tiller

Which JSE listed mining company has a market capitalisation 40% larger thank Anglo America...

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)

TFG fashions cash call due to ongoing uncertainty

The retail group wants to reduce its debt and have cash on hand to take advantage of any opportunities that arise.

Curro plans rights issue as it eyes opportunities

Majority shareholder PSG Financial Services will follow its rights and mop up more shares if they are not taken up by minorities.

Naspers warns of lower earnings following Prosus unbundling

Results have been distorted by the listing of Prosus last year, while Covid-19 may impact its 2021 numbers.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Dealmaking in a tense global environment

The challenging commercial environment has served as a catalyst for innovation, resulting in an evolution of dealmaking that requires greater agility and flexibility

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18 June 2020

Massmart suffers alcohol-free hangover

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...

Aspen and Ascendis climb on dexamethasone trials

A clinical trial found that the steroid treatment reduced the death rate in patients requiring respiratory intervention as a result of Covid-19.

Tongaat to reduce debt with eSwatini sale

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.

Implats declines Waterberg option

The platinum producer says it will remain an active participant in the development project and will retain its minority shareholding.

Italtile sales dented by Covid-19

The tile manufacturer and retailer expects sales to continue recovering after they ground to a halt in April.

HCI hit by Covid-19-related impairments

The investment company has reported a basic loss after impairing its hotel and gaming interests, as well as some oil and gas exploration assets.

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17 June 2020

Discovery sets billions aside for Covid-19

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.

Bidcorp sees quicker recovery

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.

Zeder sells Quantum stake to Country Bird

It will use the cash to support its other portfolio companies and may consider new investments, share buybacks or a special dividend.

Telkom to ring up lower earnings

The telecoms group says its full-year results were affected by retrenchment costs, Covid-19-related impairments and a decline in fixed-line business.

Wescoal flags full-year loss

The coal producer expects demand to improve from next month as the economy continues to reopen.

Delta holds back on dividend due to Covid-19

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

CORPORATE ANNOUNCEMENT BY: INVICTA HOLDINGS LIMITED

CORPORATE ANNOUNCEMENT BY: ATLANTIC LEAF PROPERTIES LIMITED

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CORPORATE ANNOUNCEMENT BY: Sebata Holdings Limited




15 June 2020

Barloworld to report a loss due to Covid-19

The industrial group booked higher credit losses and impairments as a result of the global economic slowdown and the pandemic.

City Lodge secures more debt to help it through the crisis

Some hotels are now operating on a limited basis to accommodate stranded guests, business travellers, essential workers, and those in quarantine.

Kumba, qaphela!

The word qaphela gives a clue to Ingham Analyitcs's thinking on Kumba. Do you stay? Do you go? Do you invest more.

Stenprop sees opportunities in Covid-19 environment

The property group says the pandemic may lead to opportunities to buy more properties to meet growing demand for its multi-let industrial estates.

Value Group resilient in the face of Covid-19

The logistics group says it has become fully operational again and no significant impairments of its assets are currently required.

Castleview hopes residential uptake will increase footfall

The property fund says its apartments were almost half full by the end of February, bringing more traffic into its shopping centre.

Zarclear hit by Covid-19 market volatility

The investment holding company plans to delist due to the impact the virus is expected to continuing to have on equity capital markets.




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