EOH cuts salaries to ride out Covid-19

The technology group is taking a number of measures to secure its sustainability as a key player in the SA IT infrastructure.

Banks urged to hold back on divs, bonuses

The Prudential Authority of the SARB has relaxed capital requirements for banks but wants them to preserve cash in return.

Imperial protected by critical industries

The logistics group has withdrawn earnings guidance but says a number of its businesses continue to deliver critical products.

Octodec withdraws dividend guidance

The company says it is committed to assisting tenants to navigate through the period as part of its retention strategy.

Covid-19 increases pressure on Stefanutti

The construction group says most governments in the countries where it operates have clamped down on non-essential projects.

Grenada strikes a chord with SA investors seeking secondary citizenship

Citizenship by investment in 120 days and visa-free travel to 143 countries...

Woolies execs agree to pay cut for staff

The retail group has warned that earnings are likely to be more than 20 percent down from last year as the lockdown curtails sales.

Grindrod hampered as trade corridors close

The decision to allow some mines to continue operating may mitigate the impact of Covid-19 on its Port and Terminals operations.

The Market’s Twin Towers” Part 2: Volatility

Top trader Andrew Kinsey explains why volatility is often overquoted and substantially misunderstood.

Ascendis Health – Fortune could favour the brave investor

The plan was simple. Ascendis Health was brought to the JSE in late 2013 by private equity operation Coast2Coast with a view to exiting the business...

Gemfields’ auctions grind to a halt after a record year

Sales will come under pressure as the group cannot hold its regular auctions of coloured gemstones.

RDI confident despite tenant arrears

The UK and German property owner says it has a strong track record of income resilience dispute current short-term disruptions.

ELB Engineering Services enters business rescue

The engineering and capital equipment supplier says conditions are likely to continue deteriorating due to Covid-19.

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Chips are down for Famous Brands

Apart from its Lamberts Bay Foods business, all restaurants and manufacturing plants have shut for the duration of the lockdown.

EOH warns of Covid-19 risks

The technology group says it will report a much reduced first-half loss but is unsure of what lies ahead due to the pandemic.

EasyEquities turns profitable for Purple Group

The online share investment platform has reached a tipping point, with more than 150-thousand active users.

Hamstrung AMSA declares force majeure

The steel producer has suspended operations and says it will be reducing the salaries of workers for the next three months as conditions deteriorate.

AfroCentric shielded from lockdown conditions

The healthcare group says there has been a spike in demand for some products, while Medscheme continues to process claims and assist members.

The Week Ahead with Chris Gilmour 6 April 2020

The global economic storm gathers momentum

Comair grounds Star Air deal

The airline operator gave no reason for pulling out of the deal, which was aimed at extending its diversification strategy.

Ince: South Africa’s most experienced Virtual AGM Solutions Provider Continues to Deliver

PRESS RELEASE: For immediate release.

Famous Brands writes off UK burger chain

The casual dining restaurant group may impair the full value of its investment in Gourmet Burger Kitchen due to the open-ended lockdown.

Altron considers listing Bytes

The technology group says it will start to lay the groundwork now and will assess market conditions for a listing closer to the time.

Libstar postpones dividend to preserve cash

The food group says retail channels have picked up but sales to restaurants, cafes and bars have dried up.

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)

Cheap eggs hit Quantum's earnings

The poultry producer says rising volumes were not enough to offset the impact of lower egg prices and higher feed production costs.

ARM to resume some operations

Due to exemptions for goods critical to the economy, the group can continue loading iron ore at two of its mines in the Northern Cape.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Shareholder activists: being the change they want to see in the world

Recent unprecedented victories in South Africa achieved through shareholder activism have cemented the global trend of shareholder activism as a viable tool

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Moody’s downgrades SA banks to junk

The ratings agency says borrowers will find it more difficult to repay loans due to the weak economy, resulting in higher credit impairments.

The JSE All Share isn’t alone, and neither is the rand

Ingham Analytics issues an Equity Searchlight entitled "The JSE All Share isn’t alone, and neither is the rand."

Zeder announces Pioneer windfall

The special dividend is less than planned as the investment group is holding some of the sale proceeds back due to uncertain market conditions.

Afrimat to keep producing iron ore

The materials group says the government has created exemptions for goods deemed critical to the health of the economy and its recovery post-crisis.

York battles against cheap imports

The timber producer says dumping of uncertified Brazilian plywood resulted in a sharp decline in international prices.

Attacq withdraws dividend guidance as it works with tenants

The REIT has already paid its interim dividend but says it does not know how its full-year payout will be affected by Covid-19.

Net1 says fee income will come under pressure

The fintech and payments group says while the third-quarter impact will be muted, the three months to June are the ones to watch.

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