25 June 2020

Sweeter tidings from Tongaat

The agri group and land owner will report return to profitability when its releases its annual results at the end of next month.

Sun International plans rights issue

As it prepares for a cash call, a Chilean suitor may bid R22 per share for a controlling stake in the hotels and casinos group.

Brait's value topples due to Covid-19

The investment holding company says a R5.6 billion equity capital raise also contributed to a big decline in its net asset value per share.

Ball takes executive roll at PPC

Anthony Ball is non-executive chairman of Value Capital Partners, a big shareholder of the cement producer.

Implats’ ramp-up beats expectations

The platinum producer has lifted force majeure on its contractual deliveries and says most customers have elected to receive their metal.

Schroder trims dividend as a safeguard

The real estate investment trust says by retaining additional cash it will be better positioned to withstand the impact of Covid-19 on its portfolio.

24 June 2020

Sasol's Lake Charles on the cusp of completion

The last remaining unit at the US project is on track for beneficial operation by the end of September.

Pepkor plans R2 billion bookbuild

The capital raise is just the latest in the retail sector aimed at reducing debt or funding growth opportunities created by the Covid-19 crisis.

intu puts administrators on standby

If it is unable to negotiate a deal with its lenders, the shopping centre owner may have to enter administration.

CMH cuts its cloth to fit new Covid-19 reality

The automotive group is adjusting its inventory to match reduced demand for vehicles as it also scales back its car rental business.

Peregrine says volatility is likely to continue

The financial services group says its investments and assets under management remain well diversified as markets experience continued volatility.

Mpact warns of Covid-19 earnings impact

The packaging group says the lockdown resulted in reduced demand for its packaging, while some non-essential lines stopped operating.



23 June 2020

Telkom disconnects dividends for now

The telecoms group says it needs to preserve capital due to Covid-19 and as it prepares for an imminent auction of valuable spectrum.

Growthpoint says the worst may be behind it

While it entered the Covid-19 crisis with a strong balance sheet and prudent cash-flow management, it may still reconsider dividend payouts.

Stor-Age remains resilient in the face of Covid-19

The self storage property specialist has increased its final dividend but says it is not providing any guidance for the year ahead.

BA900 isn’t a British Airways service to Jo’burg

If you are a shareholder in a listed JSE bank you'd want to be up to speed with the newest data at the best of times...

Omnia rallies on profit turnaround

The chemicals, fertiliser and explosives group has reduced debt significantly after a R2 billion rights issue last year.

Switzerland joins Glencore probe

The Swiss Attorney General is investigating the company for failing to have measures in place to prevent graft in the DRC.

City Lodge plans R1.2 billion rights issue

The hotel group needs to reduce debt and cover a cash shortfall as most of its hotels remain closed due to the lockdown and travel restrictions.



22 June 2020

Covid-19 puts the brakes on Motus

The automotive group plans to close dealerships and scale back its car rental business due to the economic impact of the coronavirus.

Merafe and Glencore to lay off workers

The companies have commenced a section 189 process due to the worsening operating environment across the local ferrochrome industry.

Hulamin warns of wider losses

The aluminium products manufacturer delayed the release of its 2019 results as it resolved certain accounting issues.

Telkom rallies ahead of results

The telecoms group will report a big drop in full-year earnings due to restructuring costs and Covid-19 related impairments.

Basil Read rescue process hindered by Covid-19

The business rescue practitioners still believe the full implementation of the rescue plan will get a better result than a liquidation.

The Week Ahead

Mixed signals from US equity markets.

19 June 2020

Jobs at risk as Sasol unveils new look

The leaner Sasol 2.0 will focus on its core Chemicals and Energy businesses to ensure that it remains sustainable at lower oil prices.

AMSA plans large scale restructuring

The steelmaker says previous cost-saving initiatives will not be enough due to the impact of Covid-19 on its business.

New hands on the financial tiller

Which JSE listed mining company has a market capitalisation 40% larger thank Anglo America...

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)

TFG fashions cash call due to ongoing uncertainty

The retail group wants to reduce its debt and have cash on hand to take advantage of any opportunities that arise.

Curro plans rights issue as it eyes opportunities

Majority shareholder PSG Financial Services will follow its rights and mop up more shares if they are not taken up by minorities.

Naspers warns of lower earnings following Prosus unbundling

Results have been distorted by the listing of Prosus last year, while Covid-19 may impact its 2021 numbers.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Dealmaking in a tense global environment

The challenging commercial environment has served as a catalyst for innovation, resulting in an evolution of dealmaking that requires greater agility and flexibility


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