29 May 2020
The value retailer has dismissed speculation that it could be poised to buy clothing retail chain Jet.
The industrial group says its Automotive and Logistics and Equipment southern Africa operations will be most affected by the job cuts.
Ingham Analytics issues a Trader note entitled "Illusory value'which tackles the topic of Prosus and by extension Naspers and Tencent.
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
Weekly summary of Merger & Acquisition activity by South African companies
Many South Africans are motivated to immigrate to the U.S. and are prepared to invest a significant sum of money, but are not prepared to wait...
The life assurer says many of its agents have been unable to sell policies, impacting productivity and new business acquisition over the past two months.
The vehicle tracking and asset management solutions group has suspended guidance due to market uncertainty.
Weekly summary of corporate finance activity by South African exchange listed companies
The question is whether by limiting rights, the spread of COVID-19 is kept to a minimum while balancing the urgent need for our economy to operate.
28 May 2020
The investment holding company aims to reduce the discount its shares trade at and avoid any new regulatory requirements that may lie ahead.
The retailer says it lost out on an estimated R5 billion in revenue during the lockdown in April.
The retailer has suspended dividends until the trading has stabilised after reporting a big drop in clothing, home and beauty sales.
With sports from across all codes grinding to a halt with the onset of COVID-19, we have seen a huge impact on the entire value chain...
The private education group says collections fell in April and it has been helping families affected by the lockdown.
The tech group says it was able to adjust quickly to a remote working environment and has seen increased demand for work-from-home technologies.
The real estate investment trust says in order to protect its balance sheet and bolster liquidity, it will decide on a dividend with its full year...
27 May 2020
The bank says impairments have risen sharply since late March and its return on equity has fallen materially.
Fund under management declined sharply in March due to the Covid-19 driven market crash and net outflows but it is still paying a dividend.
The restaurant group is concerned about how long trading restrictions will remain in force and how consumer spending is impacted after the lockdown.
The shopping centre owner has grown its annual dividend by more than expected but is not providing guidance for the year ahead.
The group may make a firm offer for Unicorn as it targets Nkomati Anthracite to beef up its Bulk Commodities division.
The minerals exploration and development company says an updated bankable feasibility study has delivered a number of improvements on a previous study.
26 May 2020
Top trader Andrew Kinsey argues that South Africa has had to deal with the pernicious effects of multiple major central banks pursuing colossal programs.
The group has withheld an interim dividend as it prioritises cash preservation due to the Covid-19 uncertainty.
The private hospital operator says the pandemic has introduced significant uncertainty and forecast risk for the remainder of its financial year.
The specialist engineering and construction group has grown its order book and believes clients will go ahead and award new tenders.
The retail group says it is considering all possibilities for its Office chain of shoe stores, which remain shut under the UK lockdown.
The Polish shopping centre owner will retain the 53 million euros it would have paid out to preserve capital and maintain liquidity.
Apart from ongoing tough trading conditions, the packaging group is preparing to impair its operations outside SA.
The fund management, advisory services and commodities trading business says full-year earnings will fall by as much as 87 percent.
25 May 2020
The bank has restructured loans amounting to R81 billion to affected customers as it prepares for a decline in profitability.
The oil and chemicals group says its full-year earnings will be at least 20 percent down from last year.
The casino operator will has booked large impairments as its casinos and bingo outlets remain closed under the lockdown.
The deal will give large shareholder Vukile Property Fund the opportunity to exit as it disposes of non-core investments.
Global unemployment remaining dangerously high.
The renewable energy investment company has written off its investment in Ignite Energy Projects as it focuses on its SA operations.