Sobering update from Distell

The drinks company says earnings for the year to end-June will be significantly lower as a result of alcohol restrictions.

Dis-Chem adds Baby City to its basket

The discount pharmacy chain says Baby City has been in its sights for many years and there are clear opportunities to harness synergies.

Richemont cuts dividend as Covid-19 hits sales

The luxury goods group is investigating a scheme to reward shareholders after halving its 2020 dividend to preserve cash.

Aspen sticks to profit outlook

There has been elevated demand for some products, while others have suffered due to declines in elective surgical procedures due to Covid-19.

Foschini warns of leaner times

The retailer says the Covid-19 lockdown and store closures will have a significant impact on its business this year.

Virus holds back SPAR’s Polish acquisition

The retailer and wholesaler says its other businesses delivered strong results and it is positive about the prosects for Poland.

MTN prepares for tougher conditions

The network operator says it is too early to assess the impact of Covid-19 on its customers and quantify the effect on its business.

Altron trims dividend to preserve cash

After a strong year, the technology group expects revenue to dip in the period ahead due to Covid-19.

Long4Life well-placed to weather Covid-19

The company says it has a strong balance sheet, cash on hand and minimal debt, positioning it to take advantage of acquisition opportunities.

Liberty prepared for volatile year

The life assurer says volatile markets will affect returns from its Shareholder Investment Portfolio while new business volumes are likely to come under pressure.

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?

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

Spear withholds 2021 guidance

The Cape-focused real estate investment trust met its guidance for this year but says the outlook for the year ahead is less certain.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Mergers & Acquisitions: basic understanding of takeover regulations

Shareholders are motivated to invest more in financial markets when their rights are protected in terms of regulated rules.

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Brait expects short-term earnings hit

The investment group says results for the year to end-March will reflect the impact of Covid-19 on the value of its portfolio companies.

Transaction Capital brakes on its dividend

The financial services group says it wants to preserve financial flexibility and liquidity as the lockdown affects taxi drivers.

Iron ore and steel defies COVID-19 macro gloom

So, the COVID-19 lockdowns around the world must surely have had a devastating impact on mining?

Cartrack rallies on full-year dividend

The vehicle telematics group says it continues to generate lots of cash despite a decline in new subscriptions since the lockdown started.

Spur opens for deliveries

The restaurant franchisor says customers have so far reacted favourably to delivery-only services from some of its restaurant chains.

Delta reviews its distribution policy

Despite a defensive portfolio with government as its biggest tenant, the property fund says liquidity remains of paramount importance at present.

Kore Potash says study confirms DX project's viability

The exploration and development company is preparing to move towards its first potash production in the Republic of Congo.

Tongaat starch sale hangs in the balance

Barloworld subdiariary KLL issued a material adverse change notice to Tongaat due the expected impact of Covid-19 on its starch operation.

Pick n Pay’s shares dive as it saves on dividend

The supermarket group says it will consider a final dividend once it can properly assess the full impact of Covid-19 on its operations.

Sibanye-Stillwater in the pound seats

The precious metals group has reported a rebound in first-quarter production amidst rising prices for the metals it digs out the ground.

Why do central banks do what they do?

What could the South African Reserve Bank do that would be a fool's errand that will end badly for the country? In "Why do central banks...

Blessing in disguise

Call in the International Monetary Fund for the economic restructure that a factious ANC government cannot launch. Increasingly, the call seems inevitable.

Calgro flags a recovery

The affordable housing developer says it is well positioned for growth and should be able to absorb the impact of Covid-19.

Afrimat ramps up its operations

The mining and materials group says it will increase capacity at its open cast operations in line with market demand and government health regulations.

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Price cuts boost data traffic at Vodacom

The network operator says the trend of increased data traffic has continued into its new financial year after it reduced tariffs again last month.

Life Healthcare counts the cost of Covid-19

The private hospitals group is holding back on an interim dividend so it can preserve cash due to uncertainty brought on by the pandemic.

Why do central banks do what they do?

What could the South African Reserve Bank do that would be a fool's errand that will end badly for the country? In "Why do central banks...

RDI holds back dividend due to Covid-19

The real estate investment trust says it will re-evaluate its cash and liquidity position at year end.

AngloGold Ashanti shines on higher gold price

The gold producer says free cash flow more than trebled despite lost production as a result of Covid-19 restrictions.

Group Five to delist next month

The business rescue practitioners says there is no realistic prospect of anything remaining for shareholders.

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