NEWS ARCHIVES


17 November 2020

Sasol switches on last Lake Charles unit

Over budget and way past schedule, Sasol says the last unit at its Lakes Charles Chemicals Project is now in operation.

Vodacom charged by data surge

The network operator says data usage surged in the first half of its financial year due to demand from stay-at-home customers.

Prosus and Naspers ride on Tencent stake

The companies have benefitted from growth in e-commerce and their investment in Chinese internet giant Tencent.

Shoprite sales dampened by liquor ban

The retailer has welcomed the recent easing of restrictions on alcohol sales.

Life Healthcare gets offer for Polish operation

The offer is lower than the carrying value of Scanmed, resulting in an additional impairment.

Magic Markets Ep1: Rollin’ with the Rand

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...

Astral uncracked by Covid-19

The poultry and feeds group is paying a final dividend after surviving the worst of the lockdown.

CORPORATE ANNOUNCEMENT BY: CAXTON&CTP PUBLISHERS & PRINTERS LIMITED

CORPORATE ANNOUNCEMENT BY: Reinet Investments




16 November 2020

Anchor to cast off from JSE

The stockbroker, fund management and private client business says delisting will level the playing field with competitors.

Tsogo Sun forecasts a slow recovery

The hotel operator, which is buying out Hospitality Property Fund, says uncertainty and the weak economy will continue to weigh on the sector.

Octodec guides on lower distribution

The property group is required to make a distribution by the end of February in order to retain its REIT status.

Invicta disposals move forward

The investment holding company still needs the approval of shareholders and the competition authorities in eSwatini and Zimbabwe.

DealMakers AFRICA M&A Analysis Q1-Q3 2020 (excluding South Africa)

DealMakers AFRICA Q1-Q3 2020 roundup of M&A activity on the Continent

ISA declares interim dividend as cash mounts

The IT security specialist reported lower first-half revenue and earnings but has excess cash on hand.




13 November 2020

MultiChoice tops 20 million households

Growth in subscribers and a lid on costs helped the video entertainment group grow first-half earnings as advertising came under pressure.

Novus impacted by magazine closures

The printing and packaging group has taken steps to right-size its business, with the benefits expected next year and beyond.

Growthpoint falls after bookbuild

The real estate investment trust raised gross proceeds of R4.3 billion from the share placement with institutional investors.

Mediclinic still cautious about Covid-19

The private hospital group says after recovering, its Swiss and Middle East operations will be affected by a second wave of Covid-19.

Gold Fields settles into new normal

The two mines most affected by Covid-19, South Deep and Cerro Corona, have shown a strong recovery.

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)

No jackpot for Tsogo Sun Gaming

The casino operator will report an interim loss due to the impact of the Covid-19 lockdown on its operations.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - The impact of the COVID-19 pandemic on company valuations

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...

CORPORATE ANNOUNCEMENT BY: Mpact Limited

CORPORATE ANNOUNCEMENT BY: PRIMESERV GROUP LIMITED




12 November 2020

Growthpoint sells shares to trim debt

The real estate investment trust wants to reduce leverage and maintain a strong balance sheet due to Covid-19.

Afrox prepares for Linde buyout vote

If the transaction proceeds, the gases and equipment group expects to delist from the JSE around the middle of January.

PPC remains cautious despite rising sales

The cement producer says it is on track to test investor appetite for the recapitalisation of its international operations by year end.

The Development and Importance of Financial Technology in South Africa

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...

Primeserv to report lower earnings due to Covid-19

The company says the lockdown impacted first-quarter sales as many of its clients were compelled to shut their businesses.

Spanjaard flags return to profitability

The lubricants and chemical products group reported a first-half loss last year due to distribution problems.




11 November 2020

Telkom rings up more mobile customers

Growth in its mobile business has placed it holiday as the third largest operator in the country.

Omnia flags explosive results

The chemicals, fertiliser and explosives group has benefitted from a restructuring and rights issue last year.

Life Healthcare says procedures are normalising

The private hospital group will report a decline in earnings after procedures were postponed as a result of Covid-19.

Sun International draws punters back

Following the reopening of Sun City in September, the hotel and casino group has reported a strong recovery in gaming revenue.

DealMakers South Africa M&A Analysis Q1-Q3 2020

Round up of South African M&A activity for the period Q1-Q3 2020 plus the M&A and GCF league tables

CSG turnaround pays off

The services group will return to profitability following a turnaround at its security division.

Metair hires Riaz Haffejee to replace retiring CEO

The energy solutions and auto components group says Haffejee has extensive knowledge and experience in the the automotive sector.

CORPORATE ANNOUNCEMENT BY: ATTACQ LIMITED




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