25 June 2021
Old Mutual is unbundling a chunky part of its stake in Nedbank in a bid to unlock value for shareholders. The market liked it.
Growthpoint's update is enough to send a shiver down the spine of any REIT investor, especially in office portfolios.
Weekly summary of Merger & Acquisition activity by South African companies
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
Digital markets and Big Tech firms are likely to be the flavour of the month for competition authorities for some time to come.
Weekly summary of corporate finance activity by South African exchange listed companies
24 June 2021
Demand for debt has been stronger among retail and business banking clients, thanks to low rates, with corporate clients preferring to deleverage.
Murray & Roberts has a record order book, driven by Australian infrastructure spending. An investor day has revealed many details for investors.
Long4Life looks set to unbundle the Sport and Recreation unit, but only once it has a few more acquisitions to its name.
Ascendis Health's share price has almost dropped to where it was before the restructure was announced in mid-May, but progress has been made.
Gary Booysen of Rand Swiss weighs in on the Naspers / Prosus debate, reminding us that there's "value in the rump"
23 June 2021
Omnia's strong result and R6 dividend per share is being overshadowed by a R900m tax dispute with SARS, tucked away in the long-form announcement.
Grindrod Limited released a pre-close business update for the five months to May 2021, with a positive narrative overall thanks to activity in commodities.
Curro terminated 5% of the learner base in January due to non-payment of fees. It's a stark reminder of what lockdown did to the middle-class.
Hudaco has announced a significant jump in interim profit, as operations return to normal vs. a nightmarish base in 2020.
The leaders of the Group of Seven (G7) countries agreed to stop subsidising fossil fuels within four years.
22 June 2021
Apple is now under investigation by German antitrust authorities. This is just the latest news in a long line of regulatory risks for the FAANG giants.
Despite supply chain challenges from chip shortages, Ford and General Motors have increased their second quarter earnings expectations.
Renergen has announced a 1.1% helium discovery at its Evander project.
Grand Parade Investments isn't going down without a fight, as the parties "engage with the Competition Commission" re: the Burger King decision.
Naspers and Prosus released their annual results announcement for the year ended March 2021, a watershed year for growth-oriented investments.
21 June 2021
The Australian market offers much greater liquidity in the small cap space than the JSE, thanks to a far broader spread of retail shareholders.
Investors in Accelerate and Fortress will have to be patient for more dividends, with both property funds unable to pay distributions, albeit for different reasons.
Sephaku is the latest company to add to the positive construction industry narrative that is becoming a feature of the market.
A new reporting framework should drive improved thinking and reporting on the issues and relationships that truly drive enterprise value.
The US Fed indicates that US interest rates could rise sooner than anticipated.