Comair hits Covid-19 turbulence

The airline operator says the lockdown has caused conditions to deteriorate to the point where it is in a very difficult financial position.

RCL circular held up by postal lockdown

The food producer says it is trying all avenues to facilitate timeous access to an important circular by all shareholders.

Metrofile takeover put on ice

After lockdown restrictions are over, the takeover consortium will need to take a fresh look at its books before making a firm offer.

BAT smouldering over tobacco ban

The tobacco giant says cigarette sales have only been restricted in a few countries as it reports a good start to its 2020 financial year.

Kimpton Kawana Bay Resort. A World-Class Citizenship by Investment Opportunity

There has been increased demand from High Net Worth Individuals in South Africa seeking secondary citizenship as a way to protect themselves and their families from...

RMH distributes restructure circular

The investment holding company has encouraged shareholders to obtain the circular electronically as there may be postal delays.

The Week Ahead

Some countries slowly opening up after lockdown.

PPC cements CFO position as Covid-19 bites

The cement producer says overall SA sales volumes for April were about 95 percent lower than last year.

EPP rallies as Polish centres reopen

The Polish property investors says retailers will be able to resume trading sooner than previously expected.

Kimpton Kawana Bay Resort. A World-Class Citizenship by Investment Opportunity

There has been increased demand from High Net Worth Individuals in South Africa seeking secondary citizenship as a way to protect themselves and their families from...

PSG confirms possible Capitec unbundling

The investment group wants to narrow the discount its shares trade at and avoid the burden of new regulations.

Edcon to file for business rescue

The lockdown was the final blow for the retailer, which was restructuring its business in a battle for survival.

MTN cautions about tougher conditions in Nigeria, Ghana

The mobile network operator reported strong first-quarter growth from both operations but said future conditions were likely to be more challenging.

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

Bell Equipment reduces salaries as it delays its results

The earthmoving equipment and articulated dump truck group is implementing short time across its operations and reducing executive and director remuneration.

RBPlat defers capex due to Covid-19

The platinum producer has withdrawn full-year guidance and will defer capital expenditure to safeguard its position.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Nigerian tax developments

In October 2019, the president presented the 2020 Budget proposal and Finance Bill to the national assembly - in January the Finance Bill was signed into...

CORPORATE ANNOUNCEMENT BY: EXXARO RESOURCES LIMITED

Gemfields delisting from Bermuda

The coloured gemstones group says the listing is no longer required following its admission to AIM on the London Stock Exchange.

Hudaco prepares for A2X listing

The automotive and industrial parts distributor will take the number of securities on the alternative market to 37 when it lists on 5 May.

Atlantic Leaf maintains strong tenant base

The real estate investment trust says the only vacancy was the one left by collapsed travel firm Thomas Cook.<

Kore Potash makes progress with Dougou project

The exploration and development company expects to publish the pre-feasibility study next month as it moves towards its first potash production.

Covid-19 a further blow to Labat Africa

The investment holding company is considering exiting its fuel investments to focus on growing its healthcare business.

Quilter prices odd-lot offer

Shareholders eligible for the stock buyback should receive payment by the end of May.

FirstRand gets more gloomy

The banking group has pulled its earnings guidance for the year to end-June due to the continued deterioration in trading conditions.

Eurozone Stress Fractures – Déjà vu all over again

The eurozone members are squabbling among themselves (yet again) around the economic and financial fallout of coronavirus.

Wesizwe flags a full-year profit

Shares of the platinum producer rallied on news of a 200 percent improvement in its profitability.

MC Mining pushing ahead with Makhado funding

The coal producer continues to engage with potential capital providers and expects to have funding for the project in place by the end of September.

The Week Ahead

An additional 4.4 million Americans filed for unemployment benefit last week, bringing the total US unemployment figure above 26 million.

Merafe reports output decline as production stops

The Glencore Merafe Chrome Venture put its operations on care and maintenance last month due to the national lockdown.

Trematon positioned to weather Covid-19

The investment holding company says it is in a comfortable financial position and its Generation Schools business has adapted to online education.