Never a dull day at Office for Truworths

Following a big impairment last year, the retail group has written down UK chain by a further R2.8 billion.

Curro grows learner numbers despite Covid-19

While there has been a decline in enrolments since January, the private schools group is still showing year-on-year growth in learners.

Stimulus surge takes the sting out of COVID-19

Moody's, the ratings agency, made the point recently that COVID-19 is driving business activity in America.

MTN names Ralph Mupita as new CEO

Ralph Mupita has been CFO since 2017 and has played a critical role in developing and executing its strategy, capital allocation and financial performance.

Metair positioned for recovery

The group is focused on new model launches and has approved a big investment to support new vehicle projects.

Sanlam warns of Covid-19 impact

The insurer will book R7.8 billion in impairment charges after Covid-19 impacted the value of its international businesses.

Santam to report lower earnings

The short-term insurer has been impacted by lower underwriting and investment results, as well as impairments.

Murray flags a full-year loss

After a strong start to the year, the engineering and construction services group says Covid-19 contributed to a perfect storm.

Grindrod to report wider loss despite resilient performance

The freight, logistics and financial services group says cash generation remains strong, as does its balance sheet.

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BHP braced for a challenging year

The diversified resources group says it should still generate returns due to its diversified portfolio of high-quality assets.

PPC cements over cracks in its accounts

The cement producer has delayed the release of its annual results due to disruptions caused by Covid-19 and after restating its 2019 numbers.

Northam snaps up more Zambezi prefs

The platinum producer has now bought back close to half the preference shares issued to fund its empowerment deal.

Resilient expects reduced payout

The real estate investment trust says it will stick to its dividend policy despite the impact of Covid-19.

Fortress warns of lower distribution

The real estate investment trust is tweaking its model so it can pay out less to A shareholders due to Covid-19.

Balwin to report lower earnings

The residential property developer held off on a final dividend last year due to uncertainty about Covid-19.

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Sasol to pursue rights issue as impairments result in losses

The exact amount to be raised will depend on how much the energy and chemicals group gets from asset disposals.

Tiger Brands finds buyers for VAMP business

The group will dispose of its meat processing business in two separate transactions worth a total of R428 million.

Afrimat bulks up on iron ore with Coza acquisition

The construction materials and bulk commodities producer will acquire a 25 percent stake in Coza from ArcelorMittal as part of the transaction.

Momentum Metropolitan warns of earnings decline

The insurance group says there has also been a data breach following a cyber attack on one of its subsidiaries.

Libstar supported by robust retail demand

The branded food producer will report a decline in interim earnings after it incurred extraordinary expenses as a result of Covid-19.

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Sweeter results as Tongaat cleans up

The sugar producer and agri-business says the restructuring has better positioned it to ride out Covid-19.

Sibanye-Stillwater flags surge in earnings

After a strike at its gold mines last year, the precious metals producer will return to a strong profit thanks to higher metals prices.

Woolworths rings up lower earnings due to Covid

Apart from the impact of Covid-19, the retailer has also been affected by new accounting methodology.

Impairments to push KAP into a loss

The industrial holding company will report a basic loss after Covid-19 and the weak polymer market resulted in impairments.

Europa Metals rallies on new Toral estimate

The minerals exploration and development company has raised the resource estimate of its Toral project by 40 percent.

The Week Ahead

S&P 500 almost back at record highs.

Master Drilling warns of lower earnings

The drilling specialist says many of the 23 countries where it operates imposed restrictions due to Covid-19.

Brait announces a new deal for New Look

The investment group said it is confident that a recapitalisation on top of steps taken by management will support the struggling fashion chain.

Rolling in the Deep...

It seems an eternity since West Texas Intermediate (WTI) May Futures traded at minus $40/bbl.

Customers return to Famous Brands’ GBK

The restaurant group says the board of GBK is reviewing options available to the business after it cut off further financial assistance.

PPC’s Ball sets refinancing in motion

The cement producer is negotiating a more sustainable structure for debt in the DRC and may pursue a rights issue.

Record volumes and weak rand support Exxaro

The resources group has reported a strong increase in first-half earnings as a softer currency helped offset lower thermal coal prices.

Who's doing what in the African M&A space?

Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)

Who's doing what this week in the South African M&A space?

Weekly summary of Merger & Acquisition activity by South African companies

Jubilee rallies on chrome deals

The metals processing company has secured material for its Windsor recovery plant while increasing its processing capacity.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Temporary respite for companies trading in insolvent circumstances

Description: Many companies may be trading in insolvent circumstances, potentially in contravention of the Companies Act 71 of 2008 (Act).

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