NEWS ARCHIVES
18 June 2020
Massmart suffers alcohol-free hangover
Massmart says its losses will widen after it lost billions of rands in sales and it is borrowing R4 billion from parent group Walmart just in...
Aspen and Ascendis climb on dexamethasone trials
A clinical trial found that the steroid treatment reduced the death rate in patients requiring respiratory intervention as a result of Covid-19.
Tongaat to reduce debt with eSwatini sale
The sugar producer and land owner is disposing of non-core businesses in a bid to reduce debt by at least R8.1 billion by next March.
Implats declines Waterberg option
The platinum producer says it will remain an active participant in the development project and will retain its minority shareholding.
Italtile sales dented by Covid-19
The tile manufacturer and retailer expects sales to continue recovering after they ground to a halt in April.
HCI hit by Covid-19-related impairments
The investment company has reported a basic loss after impairing its hotel and gaming interests, as well as some oil and gas exploration assets.
17 June 2020
Discovery sets billions aside for Covid-19
The health insurer and financial services group says full-year earnings will take a hit and it will not pay dividends until it is appropriate to.
Although sales have picked up sooner than expected, the food services company says it is too early to determine whether it will pay a dividend.
Zeder sells Quantum stake to Country Bird
It will use the cash to support its other portfolio companies and may consider new investments, share buybacks or a special dividend.
Telkom to ring up lower earnings
The telecoms group says its full-year results were affected by retrenchment costs, Covid-19-related impairments and a decline in fixed-line business.
The coal producer expects demand to improve from next month as the economy continues to reopen.
Delta holds back on dividend due to Covid-19
The real estate investment trust says it would not meet liquidity requirements if it made the payment due to its capex obligations.
16 June 2020
15 June 2020
Barloworld to report a loss due to Covid-19
The industrial group booked higher credit losses and impairments as a result of the global economic slowdown and the pandemic.
City Lodge secures more debt to help it through the crisis
Some hotels are now operating on a limited basis to accommodate stranded guests, business travellers, essential workers, and those in quarantine.
The word qaphela gives a clue to Ingham Analyitcs's thinking on Kumba. Do you stay? Do you go? Do you invest more.
Stenprop sees opportunities in Covid-19 environment
The property group says the pandemic may lead to opportunities to buy more properties to meet growing demand for its multi-let industrial estates.
Value Group resilient in the face of Covid-19
The logistics group says it has become fully operational again and no significant impairments of its assets are currently required.
Castleview hopes residential uptake will increase footfall
The property fund says its apartments were almost half full by the end of February, bringing more traffic into its shopping centre.
Zarclear hit by Covid-19 market volatility
The investment holding company plans to delist due to the impact the virus is expected to continuing to have on equity capital markets.
12 June 2020
RMH is ending its association with FirstRand and its well-known businesses such as FNB, RMB and Wesbank, marking the end of an era.
What are volatility traders afraid of?
Volatility returned with a vengeance to US and world markets this week.
The pan-African real estate company wants to consolidate its three listings into two in order to save on costs and boost liquidity.
Covid-19 hinders Metrofile takeover
The takeover consortium will need to re-examine the value of the records management and documents storage business once the virus has run its course.
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)
Harmony gets the green light to raise $200 million
The company expects to return to full production in mid-July as shareholders approve an equity raise to fund its latest acquisition.
Investec Property Fund exits Australia fund
The fund says its balance sheet is now significantly weighted to SA and Europe after it disposed of its minority position at an attractive return.
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies
Thorts - Becoming a “virtual’ reality: Shareholder e-meetings
In the rush to the new normal, now may be a very good time for South African listed companies to re-assess their shareholder meeting procedures
Thorts - The Future of the West African Corporate Finance Market
Conditions created by COVID-19 will present select opportunities for the discerning investor, who must be prepared to take advantage of such opportunities once they appear or...
SENS
Further Announcement on the Disposal of Nutritional Foods (Pty) Ltd and Associated Resignation of Director NUTRITIONAL HOLDINGS LIMITED (Registration number: 2004/002282/06) (Incorporated in the Republic of...
Published date: 02-Aug-2021 17:45:00Change in Sponsor HULISANI LIMITED Incorporated in the Republic of South Africa (Registration number: 2015/363903/06) JSE Share code: HUL ISIN: ZAE000212072 ("the Company") CHANGE IN SPONSOR...
Published date: 02-Aug-2021 17:44:00Notification of change in the beneficial interest in Accelerate ACCELERATE PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Registration No 2005/015057/06) JSE code: APF...
Published date: 02-Aug-2021 17:30:00YESTERDAY'S BEST READ
Weekly summary of corporate finance activity by South African exchange listed companies
