14 February 2020

Tongaat plans starch sale

The agricultural processing group is disposing of some assets as it tries to get its debt under control.

Comair hits turbulence as costs rise

Recent headwinds include rising operational costs, the grounding of its Boeing MAX 8 aircraft and the SAA business rescue.

South32 reports lower earnings as prices decline

The diversified mining group says its operating profit remained strong and it has paid a special dividend due to its robust financial position.

Italtile grows earnings in challenging environment

The tile manufacturer and retailer has continued to open new stores and is piloting a new lighting division.

Ansarada DealMakers Annual Awards

A look at Adviser categories at next week’s Ansarada DealMakers Annual Awards and the winners over the past five years

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

Weekly summary of Merger & Acquisition activity by South African companies

Mpact reaches settlement with CompCom

The packaging group maintains that the relationships with the companies it acquired stakes in were above board.

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

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

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Protecting intangible assets in Africa

While IP protection in Africa is complex and difficult to navigate, it is possible. Regional systems provide protection in multiple countries

13 February 2020

Harmony buys AngloGold’s last SA mine

Separately, AngloGold Ashanti said a non-cash impairment charge following the sale of Mponeng would result in flat to lower full-year earnings.

Gold Fields back in the money

Given its healthy position, the gold producer says it has decided to go ahead with the construction of its Salares Norte project in Chile.

DRDGOLD declares dividend as profit jumps

The gold mine tailings retreatment specialist benefitted from a 26 percent rise in the gold price as it increased production by a third.

Pioneer takeover gets Commission approval

The Commission has attached a number of conditions including job retention, investment and an empowerment deal worth at least R1.6 billion.

Tiger Brands still under pressure

The food group says it has made good progress with the disposal of its processed meats business as it prepares investors for lower earnings.

Barloworld monitoring coronavirus

Amid already weak macroeconomic and trading conditions, the group says there is concern over its negative impact on growth and commodity prices.

12 February 2020

intu slumps as Link shuns recapitalisation

The shopping centre owner says it remains engaged with shareholders and potential new investors after the Hong Kong REIT withdrew.

Harmony profits from higher gold price as output declines

The gold producer has lowered full-year production guidance due to grade issues at its Kusasalethu and Moab Khotsong mines.

MTN to report higher earnings

Full-year results will be distorted by the adoption of new accounting standards and a number of non-operational items.

SPAR reports slower growth

The retailer and wholesaler has faced challenging conditions in all three of its main geographies as it expands into Poland.

Investec Fund grows European logistics exposure

The property fund has increasing its stake in its Pan European Logistics platform as it takes advantage of growth in e-commerce.

Ecsponent sinks as it warns of default

The small cap financial services company says it will not be in a position to redeem preference shares that are due for payment next month.

11 February 2020

intu flirts with new cornerstone investor

The debt-laden shopping centre owner says it is in discussions with shareholder Peel Group and and Link REIT to back a cash call.

Super Group slowed down by tough conditions

The logistics and supply chain group has been impacted by the weak local economy and a big decline in German car making.

Investec shareholders back Ninety One listing

The shareholder vote paves the way for Ninety One to demerge from Investec on 13 March and list three days later.

Ingham Analytics issues a note on Sasol. The note is titled “Brent Burden”

Brent oil has fallen by 20% since the first week of January and if this persisted for a full financial year it would significantly knock earnings...

Northam flags record profit

First-half operating profit likely tripled and the platinum producer has bought more of its Zambezi prefs without increasing its debt ratio.

Brimstone takes control of Obsidian

The transaction fits its strategy of having control or significant influence over its portfolio of unlisted investments.

Workforce wraps up Chartall acquisition

The services holding company says its training cluster will make a bigger contribution to future revenue and earnings.

10 February 2020

Pioneer doesn’t expect CMA to delay takeover

The food group says it is waiting for news from the relevant authorities and will provide more feedback this week.

Mediclinic wins case for Klerksdorp hospital group

After the Competition Tribunal upheld a recommendation that the takeover be prohibited, the matter was referred to the Competition Appeal Court.

The Week Ahead with Chris Gilmour 10 February 2020

The S&P 500 shrugged off the coronavirus scare and reached a record high last week.

Italtile weathers the tough economy

The tile manufacturer and retail has managed to grow first-half earnings but has toned down its guidance for the second six months.

EOH appoints Mthembu as new chair

The group considered a number of external candidates but Mthembu stood out due to his industry experience and knowledge of the company.

Net1 expects more losses as it reinvests

The fintech and payments group will spend some of the proceeds from the sale of its Korean business to grow its SA and European operations.

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