10 November 2020
The video entertainment business says a narrower loss from its Rest of Africa business is behind the improvement.
At current prices and levels of production, the gold producer expects to be in a net cash position by the end of March.
The restaurant group has booked impairments and is preparing for credit losses as a result of Covid-19.
The logistics group says the impact of Covid-19 has required it to priorities its capital allocation.
After holding back on a final dividend last year, the group has gained confidence due to higher cash balances and a growing order book.
The luxury goods group has also reported a rise in robberies at its stores following the easing of the lockdown.
09 November 2020
The luxury goods group is part of a new joint venture with Farfetch as it tries to increase Chinese sales through digital channels.
The retailer says trading conditions have favoured its defensive discount and value positioning in the market.
The automotive group has projected a possible rise in first-half earnings.
The tailings pretreatment specialist says the acquisition is subject to the positive outcome of a lengthy due diligence.
Joe Biden wins the US presidency but the Democrats fail to win the senate.
The steel manufacturer and trader is not paying an interim dividend as it continues to buy back its own shares.
06 November 2020
Despite the impact of Covid-19 on sales, the retail group has cut its debt by almost three quarters.
The retailer has bought one of its local ladieswear suppliers, supporting the local manufacturing sector.
The pharmacy group also needs to preserve cash due to the uncertainty that has resulted from Covid-19.
Weekly summary of Merger & Acquisition activity by South African companies
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
The platinum group metals producer has closed its ACP Phase B unit for a full rebuild due to continuing problems.
The paper and pulp group has reported a fourth-quarter loss but says demand for some of its products remains strong.
The real estate investment trust also says deputy CEO Stephen Oakenfull will replace Mike Watters as CEO next month.
Weekly summary of corporate finance activity by South African exchange listed companies
05 November 2020
While two dissenting creditors have not backed the plan, the retailer does not expect a delay to the settlement.
The value retailer was only allowed to sell its full range of merchandise from June.
Shoprite has contributed three logistics centres and some land to the joint venture, while Equites is investing cash.
The stock exchange operator has bought a controlling stake in the second largest share registry business in SA as it diversifies its revenues.
04 November 2020
The telecoms group will report a rise in first-half profit despite the economic impact of Covid-19.
The impact of alleged procurement irregularities and misappropriation of funds on its historical financial statements is still being determined.
Negotiations with funders for a voluntary debt restructure of its Consolidated Power Projects subsidiary were unsuccessful.
The company says the costs associated with being listed outweigh the benefits.
The tobacco giant is trying to get more users to adopt its non-combustible products as smokers decline.
Although premium growth was held back due to the weak economy, the insurer says there were fewer claims during the lockdown.