NEWS ARCHIVES
30 October 2019
Prosus defends its Just Eat bid
The group denies associate Delivery Hero was being opportunistic when it reduced its stake in rival bidder Takeaway.com.
Octodec predicts flat growth as economy stalls
The real estate investment trust expects 2020 to be another challenging year, impacting its ability to grow distributions.
Santova buffeted by SA headwinds
The logistics group says recent acquisitions and a stronger offshore performance will reduce its reliance on South Africa.
Northam to expand Eland with Maroelabult acquisition
The assets lie next door to the Eland mine and will positively impact its build programme and provide additional planning optionality.
Acsion makes slow progress with Sandton mega-project
The property developer and manager expects to deliver Asciopolis at the end of its 2021 financial year.
29 October 2019
Heads roll over Sasol’s Lake Charles project
Its joint-CEOs have taken the fall for a significant cost overrun at its chemicals project in the US.
Indigestion over Aspen's Zantac recall
The Australian regulatory authority has told manufacturers to withdraw products containing ranitidine, including Zantac.
Famous Brands reduces GBK losses
Although the UK chain narrowed its losses, Famous Brands does not expect Gourmet Burger Kitchen to return to profit for another two years.
AngloGold closer to exiting SA
The gold producer says due diligence by prospective buyers of its Mponeng mine is complete.
The poultry group says full-year earnings will decline by between 50 and 60 percent due higher feed costs and lower selling prices.
Rebosis holds off on dividend ahead of Delta deal
The real estate investment trust wants to ensure the optimal capital structure if a merger with Delta Property Fund goes ahead.
Nu-World looks for new markets to grow earnings
The consumer electronics group has introduced new ranges and is looking for more opportunities to maintain and grow its market share.
While writing this article I have to admit to a degree of conflict in my mind.
28 October 2019
After a tough third quarter, the brewer expects only moderate group in EBITDA this year.
Premier Fishing warns of lower catch
The fishing industry has faced a challenging environment due to a reduction in allowable catch rates and unrest in Hong Kong.
Vivo Energy fueled up on Engen deal
The retailer and marketer of Shell and Engen-branded fuels and lubricants expects another year of strong growth in gross cash profit.
Stenprop benefits from demand for multi-lets
The industrial property company says demand is outstripping supply in the sector that it expects to be more resilient as Brexit approaches.
Grit grows acquisition pipeline
The pan-African property fund is adding more blue-chip tenants as it grows its portfolio across the continent.
Accelerate sells Kyalami centre as it focuses on Fourways
The fund has earmarked sales worth about R2.5 billion as it reduces its loan-to-value ratio.
While writing this article I have to admit to a degree of conflict in my mind.
25 October 2019
Market share gains have helped the pharmacy, health and beauty retailer deliver double-digit earnings growth.
Altron on track with 2022 goals
The ICT and electronics group is ahead of its target to double EBITDA by the end of its 2022 financial year.
Life Healthcare benefits from healthier second half
The private healthcare group has reported strong revenue growth at its local and international operations.
Who’s doing what this week in the South African M&A space?
Description: 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)
Quantum Foods hit by lower egg prices
The poultry and feeds group has warned of lower earnings due to a decline in egg prices and higher feed input costs.
Blue Label CEOs depart Cell C board
The founders of the company have nominated new members to the Cell C board as they focus on their core business.
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies
24 October 2019
Cartrack racks up over 1 million customers
The vehicle telematics group expects double-digit growth in subscription revenue for the foreseeable future.
The wine and spirits group has grown first-quarter revenue in the single digits as it leverages current trends.
Quilter grows assets despite investment manager departures
The wealth manager says assets under management have grown for the year despite big client outflows after a team of managers left the firm.
Ingham Analytics issues a note on Sanlam entitled “Digital driver”.
Since Ingham Analytics issued their previous note on Sanlam the share price has soared by 12% to R81.
Stonehage Fleming-Trying to wrap their arms around the family.
Stonehage Fleming is one of the largest family office firms in the world and offers a bespoke service to its global clients.
Trans Hex to go ahead with buyout meeting
The diamond miner says it will not oppose the liquidation of West Coast Resources and will proceed with its general meeting next week.