Quantum reveals mystery buyer

Luxembourg-based investment fund Silverlands is seen as a long-term investor.

Zeder uses Quantum proceeds for share buy backs

The investment group sold its stake in the poultry and eggs group as it reshapes its portfolio and looks for new investment opportunities.

Pan African cuts debt as production rises

At current rand gold prices and guided production levels, the gold producer expects to be debt free within the next year.

Thorts - The de-globalising pandemic: FDI and preparing for the post-COVID reality

COVID-19 will give rise to a conflict between the need for FDI and the need to protect the most vulnerable sectors of the economy from predatory...

Insights into the Future of Reporting

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

Basil Read says it owes Eskom nothing

The construction and engineering group sold out of a joint venture that was working on the Kusile power station in 2017.

Aspen fined following UK pharma probe

The pharmaceuticals group says the fine by the Competition and Markets Authority brings the matter to a close after close to three years.

Growthpoint warns of lower payouts

The property group says full-year distributable earnings will be down and it is reconsidering its payout policy to shareholders.

Liberty Two Degrees to cut portfolio value

The real estate investment trust says the value of its properties has been affected by falling rentals and an increase in vacancies.

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

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

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

Weekly summary of Merger & Acquisition activity by South African companies

Thorts - The de-globalising pandemic: FDI and preparing for the post-COVID reality

COVID-19 will give rise to a conflict between the need for FDI and the need to protect the most vulnerable sectors of the economy from predatory...

Tharisa reports a strong quarter despite Covid-19

The chrome and platinum producer says mining output reached a record in May and June as it returned to full production.

Renergen prepares for first drill

The emerging natural gas and helium producer expects the first well at its Virginia gas project to spud towards the end of the month.

Weekly corporate finance activity by SA exchange-listed companies

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

Quantum insiders snap up shares

Interest in the poultry group has surged since Country Bird acquired a stake from Zeder Investments last month.

Steinhoff sells Conforama France for nominal sum

The group explored various options after it was unable to secure a state-guaranteed loan to support Conforama during the Covid-19 crisis.

Stefanutti slumps on Eskom payment claims

The construction group denies it was overpaid for work on the Kusile power station and says it is still owed money.

Taste about to morph into Luxe

The investment group will proceed with its share consolidation and name change in a fortnight.

PSV prepares to present plan to creditors

The group entered business rescue in March as its board resolved that it was in financial stress after shareholders opposed a rights issue.

Mystery buyers ruffle Quantum's feathers

A number of third parties have been snapping up shares in the poultry group after Country Bird bought a big stake.

Massmart to slash jobs at Game

Section 189 consultations with unions and stakeholders follow a similar process at DionWired and its Masscash division.

Santam defends Covid-19 claims position

The short-term insurer says its balance sheet is strong enough to accommodate claims if it loses in court.

Omnia restructuring pays off

The chemicals, fertiliser and explosives group has reduced debt and implemented a turnaround plan that has placed it in a strong position.

Afrox warns of lower earnings due to Covid-19

The gases and welding products group says it remains focused on containing cost and preserving cash and liquidity for the foreseeable future.

RDI encouraged by trading as restrictions ease

As conditions turn more favourable, former parent company Redefine Properties has exited its stake in the UK real estate investment trust.

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Tongaat not giving up on starch sale

The agri group is pushing ahead with approvals for the transaction while it awaits third party determination on the impact of Covid-19 on the business.

Blue Label expects better earnings despite WiConnect closure

It says its 2020 performance will still take a R330 million hit after it closed its WiConnect retail stores as Covid-19 halted a turnaround.

NEPI takes another stab at office sale

The property investor says it signed a non-binding memorandum with AFI Europe at the weekend that could end a dispute between the two companies.

PBT Group flags higher earnings

The IT services company says full-year growth benefitted from continued demand for its services.

Crookes Brothers disappointed with performance

The agricultural group reported a weaker performance from its macadamia and deciduous fruit crops and wrote down the value of its biological asset.