NEWS ARCHIVES


29 May 2020

Mr Price not shopping for Jet

The value retailer has dismissed speculation that it could be poised to buy clothing retail chain Jet.

Retrenchments on the cards as Barloworld prepares for post-Covid reality

The industrial group says its Automotive and Logistics and Equipment southern Africa operations will be most affected by the job cuts.

Illusory value

Ingham Analytics issues a Trader note entitled "Illusory value'which tackles the topic of Prosus and by extension Naspers and Tencent.

Who's doing what in the African M&A space?

Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)

Who's doing what this week in the South African M&A space?

Weekly summary of Merger & Acquisition activity by South African companies

THE U.S. E-2 VISA - THE QUICKEST ROUTE TO LIVING AND WORKING IN AMERICA

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...

Old Mutual warns of lower earnings as Covid-19 impacts sales

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.

MiX Telematics prepares for tougher year ahead

The vehicle tracking and asset management solutions group has suspended guidance due to market uncertainty.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Please Mr President, don’t put the cart before the horse

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.

CORPORATE ANNOUNCEMENT BY: BRIMSTONE INVESTMENT CORPORATION LIMITED




28 May 2020

PSG to unbundle most of its Capitec stake

The investment holding company aims to reduce the discount its shares trade at and avoid any new regulatory requirements that may lie ahead.

Pepkor withholds dividend as sales decline

The retailer says it lost out on an estimated R5 billion in revenue during the lockdown in April.

Woolworths cushioned by strong food sales as clothing plummets

The retailer has suspended dividends until the trading has stabilised after reporting a big drop in clothing, home and beauty sales.

Springbok Legends Launch Online Video Series – “Use It or Lose It”

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...

ADvTECH falls behind on school fees

The private education group says collections fell in April and it has been helping families affected by the lockdown.

Datatec lifted by Westcon turnaround

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.

Arrowhead postpones dividend decision

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...

CORPORATE ANNOUNCEMENT BY: TASTE HOLDINGS LIMITED

CORPORATE ANNOUNCEMENT BY: enX GROUP LIMITED

CORPORATE ANNOUNCEMENT BY: ECSPONENT LIMITED

CORPORATE ANNOUNCEMENT BY: PSG GROUP LIMITED




27 May 2020

Absa says bad debts have doubled

The bank says impairments have risen sharply since late March and its return on equity has fallen materially.

Coronation sticks with dividend

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.

Covid-19 deters Famous Brands from dishing up 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.

Exemplar beats distribution guidance

The shopping centre owner has grown its annual dividend by more than expected but is not providing guidance for the year ahead.

Afrimat makes a play for Unicorn

The group may make a firm offer for Unicorn as it targets Nkomati Anthracite to beef up its Bulk Commodities division.

Orion Minerals advances with Prieska project

The minerals exploration and development company says an updated bankable feasibility study has delivered a number of improvements on a previous study.

CORPORATE ANNOUNCEMENT BY: Unicorn Capital Partners Limited

CORPORATE ANNOUNCEMENT BY: EXEMPLAR REITAIL LIMITED

CORPORATE ANNOUNCEMENT BY: RCL FOODS LIMITED




26 May 2020

Are interest rates in South Africa higher than they could or should be?

Top trader Andrew Kinsey argues that South Africa has had to deal with the pernicious effects of multiple major central banks pursuing colossal programs.

Tiger Brands warns of prolonged downturn

The group has withheld an interim dividend as it prioritises cash preservation due to the Covid-19 uncertainty.

Netcare suspends dividend as Covid-19 impacts operations

The private hospital operator says the pandemic has introduced significant uncertainty and forecast risk for the remainder of its financial year.

Murray optimistic despite short-term constraints

The specialist engineering and construction group has grown its order book and believes clients will go ahead and award new tenders.

Truworths says a divided is unlikely as Office weighs on earnings

The retail group says it is considering all possibilities for its Office chain of shoe stores, which remain shut under the UK lockdown.

EPP revokes dividend due to Covid-19

The Polish shopping centre owner will retain the 53 million euros it would have paid out to preserve capital and maintain liquidity.

Nampak prepares to unpack an interim loss

Apart from ongoing tough trading conditions, the packaging group is preparing to impair its operations outside SA.

Vunani flags lower earnings

The fund management, advisory services and commodities trading business says full-year earnings will fall by as much as 87 percent.

CORPORATE ANNOUNCEMENT BY: AFRICAN PHOENIX INVESTMENTS LIMITED

CORPORATE ANNOUNCEMENT BY: ELB GROUP LIMITED

CORPORATE ANNOUNCEMENT BY: STELLAR CAPITAL PARTNERS LIMITED

CORPORATE ANNOUNCEMENT BY: VUKILE PROPERTY FUND LIMITED

CORPORATE ANNOUNCEMENT BY: ATLANTIC LEAF PROPERTIES LIMITED




25 May 2020

Nedbank calculates initial Covid-19 impact

The bank has restructured loans amounting to R81 billion to affected customers as it prepares for a decline in profitability.

Sasol slides on Covid-19, oil impact

The oil and chemicals group says its full-year earnings will be at least 20 percent down from last year.

Tsogo Sun in a spin over Covid-19

The casino operator will has booked large impairments as its casinos and bingo outlets remain closed under the lockdown.

Atlantic Leaf agrees buyout as property sector struggles

The deal will give large shareholder Vukile Property Fund the opportunity to exit as it disposes of non-core investments.

The Week Ahead

Global unemployment remaining dangerously high.

Hulisani warns of wider losses

The renewable energy investment company has written off its investment in Ignite Energy Projects as it focuses on its SA operations.




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