17 November 2020
Over budget and way past schedule, Sasol says the last unit at its Lakes Charles Chemicals Project is now in operation.
The network operator says data usage surged in the first half of its financial year due to demand from stay-at-home customers.
The companies have benefitted from growth in e-commerce and their investment in Chinese internet giant Tencent.
The retailer has welcomed the recent easing of restrictions on alcohol sales.
The offer is lower than the carrying value of Scanmed, resulting in an additional impairment.
Rollin' with the Rand, we take a look at the major drivers of Rand strength and weakness, its relative value at the moment (now trading at...
The poultry and feeds group is paying a final dividend after surviving the worst of the lockdown.
16 November 2020
The stockbroker, fund management and private client business says delisting will level the playing field with competitors.
The hotel operator, which is buying out Hospitality Property Fund, says uncertainty and the weak economy will continue to weigh on the sector.
The property group is required to make a distribution by the end of February in order to retain its REIT status.
The investment holding company still needs the approval of shareholders and the competition authorities in eSwatini and Zimbabwe.
DealMakers AFRICA Q1-Q3 2020 roundup of M&A activity on the Continent
The IT security specialist reported lower first-half revenue and earnings but has excess cash on hand.
13 November 2020
Growth in subscribers and a lid on costs helped the video entertainment group grow first-half earnings as advertising came under pressure.
The printing and packaging group has taken steps to right-size its business, with the benefits expected next year and beyond.
The real estate investment trust raised gross proceeds of R4.3 billion from the share placement with institutional investors.
The private hospital group says after recovering, its Swiss and Middle East operations will be affected by a second wave of Covid-19.
The two mines most affected by Covid-19, South Deep and Cerro Corona, have shown a strong recovery.
Weekly summary of Merger & Acquisition activity by South African companies
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
The casino operator will report an interim loss due to the impact of the Covid-19 lockdown on its operations.
Weekly summary of corporate finance activity by South African exchange listed companies
Significantly more scenario and sensitivity analyses will need to be performed and mechanisms like earn-outs used to reduce the risks around the volatility of earnings and...
12 November 2020
The real estate investment trust wants to reduce leverage and maintain a strong balance sheet due to Covid-19.
If the transaction proceeds, the gases and equipment group expects to delist from the JSE around the middle of January.
The cement producer says it is on track to test investor appetite for the recapitalisation of its international operations by year end.
Financial technology (fintech) has disrupted financial services sectors around the world in recent years. At their core, fintechs are changing the way consumers access financial services...
The company says the lockdown impacted first-quarter sales as many of its clients were compelled to shut their businesses.
The lubricants and chemical products group reported a first-half loss last year due to distribution problems.
11 November 2020
Growth in its mobile business has placed it holiday as the third largest operator in the country.
The chemicals, fertiliser and explosives group has benefitted from a restructuring and rights issue last year.
The private hospital group will report a decline in earnings after procedures were postponed as a result of Covid-19.
Following the reopening of Sun City in September, the hotel and casino group has reported a strong recovery in gaming revenue.
Round up of South African M&A activity for the period Q1-Q3 2020 plus the M&A and GCF league tables
The services group will return to profitability following a turnaround at its security division.
The energy solutions and auto components group says Haffejee has extensive knowledge and experience in the the automotive sector.