NEWS ARCHIVES


15 July 2020

Astral enters the Quantum chicken run

The poultry producer has built up a sizeable stake in Quantum in order to protect its broiler supply agreement with the company.

Aspen commits to cheaper drugs after European probe

The pharmaceuticals group will reduce the price of six off-patent prescription cancer medicines for 10 years.

TFG pushes ahead with rights offer following JET deal

The retailer is targeting R3.95 billion which it will use to reduce debt, fund organic growth and pay for its proposed acquisition of JET.

US data provides a chink of light in COVID-19 gloom

Savings rates in the United States have mushroomed say Ingham Analytic...

Tsogo Sun Hotels sells Seychelles stake

The hotel group says Covid-19 has limited its ability to reduce debt, which will be achieved through the disposal of its URH stake.

Fairvest fetches less for Tokai Junction

The real estate investment trust will use the proceeds to settle debt as it focuses on retail assets in non-metropolitan areas.




14 July 2020

The Foschini Group tailors a deal for JET

The retailer says it has a unique opportunity to buy selected parts of the business, giving it significant scale at an attractive price.

Distell suffers a Monday babalas

The drinks group had started to recover from previous restrictions, generating cash flow and protecting jobs.

Jubilee plans copper expansion after strong first half

The mine-to-metals company says Zambia contains vast quantities of copper tailings that its skills can unlock.

US data provides a chink of light in COVID-19 gloom

Savings rates in the United States have mushroomed say Ingham Analytic...

Insights into the Future of Reporting

Discover why companies are finally embracing corporate reports as a means to communicate with stakeholders.

Orion consolidates ownership of Northern Cape project

Minority shareholders in the Jacomyspan nickel-copper-PGE project will exchange their interests for shares in Orion.




13 July 2020

Quantum reveals mystery buyer

Luxembourg-based investment fund Silverlands is seen as a long-term investor.

Zeder uses Quantum proceeds for share buy backs

The investment group sold its stake in the poultry and eggs group as it reshapes its portfolio and looks for new investment opportunities.

(I)n (M)y (F)ace... and yours

COVID-19 isn't the cause of the swift descent into imminent national bankruptcy...

Pan African cuts debt as production rises

At current rand gold prices and guided production levels, the gold producer expects to be debt free within the next year.

Thorts - The de-globalising pandemic: FDI and preparing for the post-COVID reality

COVID-19 will give rise to a conflict between the need for FDI and the need to protect the most vulnerable sectors of the economy from predatory...

Insights into the Future of Reporting

Discover why companies are finally embracing corporate reports as a means to communicate with stakeholders.

Basil Read says it owes Eskom nothing

The construction and engineering group sold out of a joint venture that was working on the Kusile power station in 2017.




10 July 2020

Aspen fined following UK pharma probe

The pharmaceuticals group says the fine by the Competition and Markets Authority brings the matter to a close after close to three years.

Growthpoint warns of lower payouts

The property group says full-year distributable earnings will be down and it is reconsidering its payout policy to shareholders.

Liberty Two Degrees to cut portfolio value

The real estate investment trust says the value of its properties has been affected by falling rentals and an increase in vacancies.

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

Thorts - The de-globalising pandemic: FDI and preparing for the post-COVID reality

COVID-19 will give rise to a conflict between the need for FDI and the need to protect the most vulnerable sectors of the economy from predatory...

Tharisa reports a strong quarter despite Covid-19

The chrome and platinum producer says mining output reached a record in May and June as it returned to full production.

Renergen prepares for first drill

The emerging natural gas and helium producer expects the first well at its Virginia gas project to spud towards the end of the month.

Weekly corporate finance activity by SA exchange-listed companies

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




09 July 2020

Quantum insiders snap up shares

Interest in the poultry group has surged since Country Bird acquired a stake from Zeder Investments last month.

Steinhoff sells Conforama France for nominal sum

The group explored various options after it was unable to secure a state-guaranteed loan to support Conforama during the Covid-19 crisis.

Rating retreat

Substantial market share gains have been made by Capitec relative to the Big Four banks.

Stefanutti slumps on Eskom payment claims

The construction group denies it was overpaid for work on the Kusile power station and says it is still owed money.

Taste about to morph into Luxe

The investment group will proceed with its share consolidation and name change in a fortnight.

PSV prepares to present plan to creditors

The group entered business rescue in March as its board resolved that it was in financial stress after shareholders opposed a rights issue.




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