NEWS ARCHIVES


10 November 2020

MultiChoice broadcasts higher earnings

The video entertainment business says a narrower loss from its Rest of Africa business is behind the improvement.

Harmony benefits from higher gold as production recovers

At current prices and levels of production, the gold producer expects to be in a net cash position by the end of March.

Spur to dish up lower earnings

The restaurant group has booked impairments and is preparing for credit losses as a result of Covid-19.

Imperial mulls options for its international operations

The logistics group says the impact of Covid-19 has required it to priorities its capital allocation.

Optimistic Raubex declares interim dividend

After holding back on a final dividend last year, the group has gained confidence due to higher cash balances and a growing order book.

Luxe says sales are recovering

The luxury goods group has also reported a rise in robberies at its stores following the easing of the lockdown.




09 November 2020

Richemont targets China with new JV

The luxury goods group is part of a new joint venture with Farfetch as it tries to increase Chinese sales through digital channels.

Pepkor claims more market share

The retailer says trading conditions have favoured its defensive discount and value positioning in the market.

Motus motors ahead on trading update

The automotive group has projected a possible rise in first-half earnings.

Pan African rallies on possible tailings deal

The tailings pretreatment specialist says the acquisition is subject to the positive outcome of a lengthy due diligence.

The Week Ahead

Joe Biden wins the US presidency but the Democrats fail to win the senate.

Argent shielded by offshore businesses

The steel manufacturer and trader is not paying an interim dividend as it continues to buy back its own shares.




06 November 2020

TFG slashes debt as Covid takes its toll

Despite the impact of Covid-19 on sales, the retail group has cut its debt by almost three quarters.

Truworths looks past Covid with manufacturing deal

The retailer has bought one of its local ladieswear suppliers, supporting the local manufacturing sector.

Dis-Chem holds dividend in favour of acquisitions

The pharmacy group also needs to preserve cash due to the uncertainty that has resulted from Covid-19.

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)

Amplats lowers guidance after another water leak

The platinum group metals producer has closed its ACP Phase B unit for a full rebuild due to continuing problems.

Sappi says demand is returning

The paper and pulp group has reported a fourth-quarter loss but says demand for some of its products remains strong.

Retail disposals leave RDI stronger

The real estate investment trust also says deputy CEO Stephen Oakenfull will replace Mike Watters as CEO next month.

Weekly corporate finance activity by SA exchange-listed companies

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

CORPORATE ANNOUNCEMENT BY: DIS-CHEM PHARMACIES

CORPORATE ANNOUNCEMENT BY: ZARCLEAR HOLDINGS LIMITED

CORPORATE ANNOUNCEMENT BY: REDEFINE PROPERTIES LIMITED




05 November 2020

Steinhoff gets support for settlement deal

While two dissenting creditors have not backed the plan, the retailer does not expect a delay to the settlement.

Mr Price warns of lower earnings

The value retailer was only allowed to sell its full range of merchandise from June.

Shoprite and Equites complete distribution centre JV

Shoprite has contributed three logistics centres and some land to the joint venture, while Equites is investing cash.

JSE winds up Link deal

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

Telkom rallies on bullish earnings forecast

The telecoms group will report a rise in first-half profit despite the economic impact of Covid-19.

Delta winds up second probe

The impact of alleged procurement irregularities and misappropriation of funds on its historical financial statements is still being determined.

CIG slumps on business rescue proceedings

Negotiations with funders for a voluntary debt restructure of its Consolidated Power Projects subsidiary were unsuccessful.

Mazor plans buyout, delisting

The company says the costs associated with being listed outweigh the benefits.

BAT expands its moral oral portfolio

The tobacco giant is trying to get more users to adopt its non-combustible products as smokers decline.

Indequity benefits from declining claims

Although premium growth was held back due to the weak economy, the insurer says there were fewer claims during the lockdown.

CORPORATE ANNOUNCEMENT BY: NORTHAM PLATINUM LIMITED




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