07 April 2020
The retail group has warned that earnings are likely to be more than 20 percent down from last year as the lockdown curtails sales.
The decision to allow some mines to continue operating may mitigate the impact of Covid-19 on its Port and Terminals operations.
Top trader Andrew Kinsey explains why volatility is often overquoted and substantially misunderstood.
The plan was simple. Ascendis Health was brought to the JSE in late 2013 by private equity operation Coast2Coast with a view to exiting the business...
Sales will come under pressure as the group cannot hold its regular auctions of coloured gemstones.
The UK and German property owner says it has a strong track record of income resilience dispute current short-term disruptions.
The engineering and capital equipment supplier says conditions are likely to continue deteriorating due to Covid-19.
06 April 2020
Apart from its Lamberts Bay Foods business, all restaurants and manufacturing plants have shut for the duration of the lockdown.
The technology group says it will report a much reduced first-half loss but is unsure of what lies ahead due to the pandemic.
The online share investment platform has reached a tipping point, with more than 150-thousand active users.
The steel producer has suspended operations and says it will be reducing the salaries of workers for the next three months as conditions deteriorate.
The healthcare group says there has been a spike in demand for some products, while Medscheme continues to process claims and assist members.
The global economic storm gathers momentum
The airline operator gave no reason for pulling out of the deal, which was aimed at extending its diversification strategy.
03 April 2020
PRESS RELEASE: For immediate release.
The casual dining restaurant group may impair the full value of its investment in Gourmet Burger Kitchen due to the open-ended lockdown.
The technology group says it will start to lay the groundwork now and will assess market conditions for a listing closer to the time.
The food group says retail channels have picked up but sales to restaurants, cafes and bars have dried up.
Weekly summary of Merger & Acquisition activity by South African companies
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
The poultry producer says rising volumes were not enough to offset the impact of lower egg prices and higher feed production costs.
Due to exemptions for goods critical to the economy, the group can continue loading iron ore at two of its mines in the Northern Cape.
Weekly summary of corporate finance activity by South African exchange listed companies
Recent unprecedented victories in South Africa achieved through shareholder activism have cemented the global trend of shareholder activism as a viable tool
02 April 2020
The ratings agency says borrowers will find it more difficult to repay loans due to the weak economy, resulting in higher credit impairments.
Ingham Analytics issues an Equity Searchlight entitled "The JSE All Share isn’t alone, and neither is the rand."
The special dividend is less than planned as the investment group is holding some of the sale proceeds back due to uncertain market conditions.
The materials group says the government has created exemptions for goods deemed critical to the health of the economy and its recovery post-crisis.
The timber producer says dumping of uncertified Brazilian plywood resulted in a sharp decline in international prices.
The REIT has already paid its interim dividend but says it does not know how its full-year payout will be affected by Covid-19.
The fintech and payments group says while the third-quarter impact will be muted, the three months to June are the ones to watch.
01 April 2020
The oil and chemicals group has put hedges in place as it warns that weaker demand and pricing could impact earnings this year.
Former Old Mutual executive Paul Hanratty replaces CEO Ian Kirk, who will stay on until December to help address Covid-19 challenges.
The gold producer says output from its SA mines will fall by around three quarters during the 21-day lockdown.
The investment holding company says it is committed to the restructuring of its portfolio but Covid-19 has caused unprecedented market turmoil.
The community shopping centre owner says it is engaging with retailers after collecting just half of its second-quarter rent.
The coronavirus that started in Wuhan in China in late 2019, has now engulfed the world and wreaked havoc upon the global economy.
The group says while some of its clients and businesses have been affected by the lockdown, it has the resources to deal with the situation.