NEWS ARCHIVES


20 July 2020

AECI chemistry no match for Covid-19

The chemicals and explosives group has been affected by Covid-19, as well as costs associated with a restructuring of some of its business segments.

Cartrack deal stalls

The vehicle telematics group says discussions that would have resulted in restructuring and offshore listing have been terminated.

Barloworld says Mongolian Caterpillar deal is still on

The earthmoving equipment agent says Wagner Asia Equipment will be a good fit within its current portfolio.

Thorts - Business rescue when liquidation proceedings have been “initiated”

Businesses are under enormous pressure, with many facing the harsh reality of financial distress. It comes as no surprise that companies are increasingly turning to business...

The Week Ahead

Initial jobless claims in the US totalled over 1 million for the 17th straight week last week.

Investec Property Fund not immune to virus

The fund says it will only make a decision on its final dividend in September as it assesses the economic impact of Covid-19.

PBT Group benefits from offshore expansion

The data solutions and services group is confident it can weather the Covid-19 storm due to its strong financial position.




17 July 2020

TFG marks down shares in rights issue sale

The retail group has priced the rights offer at a big discount, which will be dilutive for those shareholders not taking up their rights.

Anglo companies weather Covid-19

The diversified resources company has stuck to revised guidance provided in April, with the exception of metallurgical and thermal coal.

Richemont sales almost halve on Covid-19

The luxury goods group says there were unprecedented levels of disruption from the Covid-19 pandemic, affecting all regions, channels and business areas.

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

Weekly summary of Merger & Acquisition activity by South African companies

Thorts - Business rescue when liquidation proceedings have been “initiated”

Businesses are under enormous pressure, with many facing the harsh reality of financial distress. It comes as no surprise that companies are increasingly turning to business...

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

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

Covid-19 widens losses at AMSA

The steelmaker has decided to idle some of its furnaces until demand recovers.

Hyprop dampens dividend expectations

The shopping centre owner will pay out less due to the impact of Covid-19 and a reduced payout policy.

Weekly corporate finance activity by SA exchange-listed companies

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

CORPORATE ANNOUNCEMENT BY: Sebata Holdings Limited

CORPORATE ANNOUNCEMENT BY: ATLANTIC LEAF PROPERTIES LIMITED




16 July 2020

Quantum takes flight on growing interest

The poultry and eggs group has attracted a number of large investors, as well as a few smaller ones.

Truworths’ sales suffer due to Covid-19

The retail group says lockdown measures in SA and the UK have taken their toll on revenue, while it has had to increase provisions for doubtful...

Tiger Brands signs up new CFO

Deepa Sita has a strong background in the food and retail sectors.

Covid-19 rings in lower earnings for Bell

The maker and distributor of articulated dump trucks and agricultural machinery says Covid-19 had had a negative impact on production and sales.




15 July 2020

Astral enters the Quantum chicken run

The poultry producer has built up a sizeable stake in Quantum in order to protect its broiler supply agreement with the company.

Aspen commits to cheaper drugs after European probe

The pharmaceuticals group will reduce the price of six off-patent prescription cancer medicines for 10 years.

TFG pushes ahead with rights offer following JET deal

The retailer is targeting R3.95 billion which it will use to reduce debt, fund organic growth and pay for its proposed acquisition of JET.

Tsogo Sun Hotels sells Seychelles stake

The hotel group says Covid-19 has limited its ability to reduce debt, which will be achieved through the disposal of its URH stake.

Fairvest fetches less for Tokai Junction

The real estate investment trust will use the proceeds to settle debt as it focuses on retail assets in non-metropolitan areas.




14 July 2020

The Foschini Group tailors a deal for JET

The retailer says it has a unique opportunity to buy selected parts of the business, giving it significant scale at an attractive price.

Distell suffers a Monday babalas

The drinks group had started to recover from previous restrictions, generating cash flow and protecting jobs.

Jubilee plans copper expansion after strong first half

The mine-to-metals company says Zambia contains vast quantities of copper tailings that its skills can unlock.

Insights into the Future of Reporting

Discover why companies are finally embracing corporate reports as a means to communicate with stakeholders.

Orion consolidates ownership of Northern Cape project

Minority shareholders in the Jacomyspan nickel-copper-PGE project will exchange their interests for shares in Orion.




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