NEWS ARCHIVES
27 March 2020
Mr Price prepares for lockdown sales knock
The value retailer says it will not make any local sales at all over the next three weeks, starting its 2021 financial year on the back...
Growthpoint going ahead with dividend payment
The real estate investment trust says given the current uncertainty it has withdrawn its full-year guidance.
Distell ready for alcohol-free lockdown
The wine and spirits producer is halting most of its production but will continue to make alcohol for sanitisers.
Ingham Analytics issues a note on South African banks entitled ““COVID-19 coup de grâce for banks”
Ingham Analytics has warned in several notes that the poor fiscal situation has repercussions for the big four banks in South Africa.
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies
Who's doing what this week in the South African M&A space?
Weekly summary of Merger & Acquisition activity by South African companies
Afrimat to suspend most operations
The industrial minerals, bulk commodities and construction materials group says it is too early to quantify the potential impact.
intu in talks with banks as tenants withhold rent
The shopping centre owner received less than a third of rent owed to it by the due date this week.
Capco halts share buybacks due to Covid-19
The London property owner says it is conserving cash as it negotiates payment plans with tenants who are affected by trading restrictions.
Who's doing what in the African M&A space?
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
Thorts - Activist shareholder or appraisal investor?
Shareholder activism has gradually been increasing in the last decade, and plays an important and relevant role in our corporate society.
26 March 2020
Sibanye-Stillwater likely to miss guidance
The group is placing its local mines on care and maintenance and scaling back on new project work in the US.
The construction and infrastructure group says it remains committed to future dividends once circumstances permit.
Emira withdraws dividend guidance
The property fund says it is unclear how Covid-19 will impact its balance sheet and distributable income.
Wescoal to maintain coal production
The company says as an essential services provider, it will continue supplying coal to Eskom and other essential services like hospitals.
Sirius getting fewer tenant enquiries
The German real estate group says underlying occupancies are likely to dip but demand for storage space is on the rise.
Vivo Energy taking precautions
Its petrol stations remain open and it is supplying commercial customers but there has been a drop in aviation and transport volumes.
The resources group will become the third from the sector to list on the alternative exchange.
Sasfin still in talks with Arise
The niche bank and financial services group says discussions with the European investment and development company are ongoing.
25 March 2020
Miners seek clarity on Covid-19 lockdown
Most mines are being placed on care and maintenance but some remain critical to the economy, including those supplying coal to Eskom.
Hotel and casino operators close shop
Operators in the hospitality sector are preparing to close almost all their operations for the duration of the countrywide lockdown.
Brait likely to take a hit from coronavirus
The investment group says companies in its portfolio will be affected differently by the pandemic, with most of its Virgin Active gyms closing.
Dividends postponed as companies conserve cash
Mpact and Trellidor have delayed payment of their dividends until September in order to preserve financial liquidity due to current uncertainty.
Sappi declares force majeure at Saiccor Mill
The pulp and paper producer says the Vulindlela expansion project will undergo a controlled shut down due to the pending lockdown.
Master Drilling benefits from diversification
The drilling services specialist has maintained a stable order book as it develops new technology and makes complementary acquisitions.
24 March 2020
Dividends on hold as companies batten down the hatches
A growing number of property groups say retaining cash will help them weather the difficult conditions that are likely to continue for the short term.
ADvTECH defers dividend as pandemic spreads
The private education and staffing group says it will revisit the situation at its May board meeting and may resort to share buybacks.
Banks ready to assist customers
Standard Bank says it remains well capitalised and liquid but cannot estimate the likely negative impact Covid-19 will have on its performance.
What do fixed income and equities have in common? A lot says Ingham Analytics.
In another timely Macro Insight at a time of turmoil in markets is titled "Fixed income leads the way for equities" offers valuable pointers- and lessons.
Rhodes reports rising demand for tinned goods
Households are stocking up on long life products including canned meat and vegetables and baby food due to Covid-19.
Famous Brands restricted by Covid-19 rules
The casual dining restaurant group is beefing up its home delivery capability but says trading will become increasingly difficult, impacting sales this year.
Alexander Forbes halts Mercer share buybacks
The companies say they will revisit the share repurchase at a later date once markets have settled.
23 March 2020
Steinhoff sales impacted by Covid-19
While supply chain disruptions are easing, the retail group says turnover will be impacted as European countries restrict trading.
AngloGold closes Argentine mine due to Covid-19
The gold producer says it is developing plans to help regain delayed production once mining operations resume.
Covid-19 adds to Investec’s challenges
The bank and wealth manager will report a decline in full-year earnings, with the pandemic impacting fourth-quarter results.
Datatec benefits from more home workers
The ICT group says its Logicalis and Westcon division have reported rising orders for remote access computing, security and collaboration networks.
MTN slashes data prices in CompCom deal
The network operator says it will reduce the price of its monthly bundles by up to a half next month.
New focus pays off for Grand Parade
The investment group has liquidated loss-making franchises and is disposing of businesses so it can improve shareholder returns.