27 March 2020
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...
The real estate investment trust says given the current uncertainty it has withdrawn its full-year guidance.
The wine and spirits producer is halting most of its production but will continue to make alcohol for sanitisers.
Ingham Analytics has warned in several notes that the poor fiscal situation has repercussions for the big four banks in South Africa.
Weekly summary of corporate finance activity by South African exchange listed companies
Weekly summary of Merger & Acquisition activity by South African companies
The industrial minerals, bulk commodities and construction materials group says it is too early to quantify the potential impact.
The shopping centre owner received less than a third of rent owed to it by the due date this week.
The London property owner says it is conserving cash as it negotiates payment plans with tenants who are affected by trading restrictions.
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
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26 March 2020
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.
The property fund says it is unclear how Covid-19 will impact its balance sheet and distributable income.
The company says as an essential services provider, it will continue supplying coal to Eskom and other essential services like hospitals.
The German real estate group says underlying occupancies are likely to dip but demand for storage space is on the rise.
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.
The niche bank and financial services group says discussions with the European investment and development company are ongoing.
25 March 2020
Most mines are being placed on care and maintenance but some remain critical to the economy, including those supplying coal to Eskom.
Operators in the hospitality sector are preparing to close almost all their operations for the duration of the countrywide lockdown.
The investment group says companies in its portfolio will be affected differently by the pandemic, with most of its Virgin Active gyms closing.
Mpact and Trellidor have delayed payment of their dividends until September in order to preserve financial liquidity due to current uncertainty.
The pulp and paper producer says the Vulindlela expansion project will undergo a controlled shut down due to the pending lockdown.
The drilling services specialist has maintained a stable order book as it develops new technology and makes complementary acquisitions.
24 March 2020
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.
The private education and staffing group says it will revisit the situation at its May board meeting and may resort to share buybacks.
Standard Bank says it remains well capitalised and liquid but cannot estimate the likely negative impact Covid-19 will have on its performance.
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Households are stocking up on long life products including canned meat and vegetables and baby food due to Covid-19.
The casual dining restaurant group is beefing up its home delivery capability but says trading will become increasingly difficult, impacting sales this year.
The companies say they will revisit the share repurchase at a later date once markets have settled.
23 March 2020
While supply chain disruptions are easing, the retail group says turnover will be impacted as European countries restrict trading.
The gold producer says it is developing plans to help regain delayed production once mining operations resume.
The bank and wealth manager will report a decline in full-year earnings, with the pandemic impacting fourth-quarter results.
The ICT group says its Logicalis and Westcon division have reported rising orders for remote access computing, security and collaboration networks.
The network operator says it will reduce the price of its monthly bundles by up to a half next month.
Fear grips the world
The investment group has liquidated loss-making franchises and is disposing of businesses so it can improve shareholder returns.