NEWS ARCHIVES
07 April 2020
Woolies execs agree to pay cut for staff
The retail group has warned that earnings are likely to be more than 20 percent down from last year as the lockdown curtails sales.
Grindrod hampered as trade corridors close
The decision to allow some mines to continue operating may mitigate the impact of Covid-19 on its Port and Terminals operations.
The Market’s Twin Towers” Part 2: Volatility
Top trader Andrew Kinsey explains why volatility is often overquoted and substantially misunderstood.
Ascendis Health – Fortune could favour the brave investor
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...
Gemfields’ auctions grind to a halt after a record year
Sales will come under pressure as the group cannot hold its regular auctions of coloured gemstones.
RDI confident despite tenant arrears
The UK and German property owner says it has a strong track record of income resilience dispute current short-term disruptions.
ELB Engineering Services enters business rescue
The engineering and capital equipment supplier says conditions are likely to continue deteriorating due to Covid-19.
06 April 2020
Chips are down for Famous Brands
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.
EasyEquities turns profitable for Purple Group
The online share investment platform has reached a tipping point, with more than 150-thousand active users.
Hamstrung AMSA declares force majeure
The steel producer has suspended operations and says it will be reducing the salaries of workers for the next three months as conditions deteriorate.
AfroCentric shielded from lockdown conditions
The healthcare group says there has been a spike in demand for some products, while Medscheme continues to process claims and assist members.
The airline operator gave no reason for pulling out of the deal, which was aimed at extending its diversification strategy.
03 April 2020
Ince: South Africa’s most experienced Virtual AGM Solutions Provider Continues to Deliver
PRESS RELEASE: For immediate release.
Famous Brands writes off UK burger chain
The casual dining restaurant group may impair the full value of its investment in Gourmet Burger Kitchen due to the open-ended lockdown.
Altron considers listing Bytes
The technology group says it will start to lay the groundwork now and will assess market conditions for a listing closer to the time.
Libstar postpones dividend to preserve cash
The food group says retail channels have picked up but sales to restaurants, cafes and bars have dried up.
Who's doing what this week in the South African M&A space?
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)
Cheap eggs hit Quantum's earnings
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 corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies
Thorts - Shareholder activists: being the change they want to see in the world
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
Moody’s downgrades SA banks to junk
The ratings agency says borrowers will find it more difficult to repay loans due to the weak economy, resulting in higher credit impairments.
The JSE All Share isn’t alone, and neither is the rand
Ingham Analytics issues an Equity Searchlight entitled "The JSE All Share isn’t alone, and neither is the rand."
Zeder announces Pioneer windfall
The special dividend is less than planned as the investment group is holding some of the sale proceeds back due to uncertain market conditions.
Afrimat to keep producing iron ore
The materials group says the government has created exemptions for goods deemed critical to the health of the economy and its recovery post-crisis.
York battles against cheap imports
The timber producer says dumping of uncertified Brazilian plywood resulted in a sharp decline in international prices.
Attacq withdraws dividend guidance as it works with tenants
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.
Net1 says fee income will come under pressure
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
Sasol guards against ongoing volatility
The oil and chemicals group has put hedges in place as it warns that weaker demand and pricing could impact earnings this year.
Sanlam lines up new leadership
Former Old Mutual executive Paul Hanratty replaces CEO Ian Kirk, who will stay on until December to help address Covid-19 challenges.
Harmony shuts underground mines
The gold producer says output from its SA mines will fall by around three quarters during the 21-day lockdown.
RMH assessing optimal timing for FirstRand unbundling
The investment holding company says it is committed to the restructuring of its portfolio but Covid-19 has caused unprecedented market turmoil.
Capital & Regional’s tenants behind on their rent
The community shopping centre owner says it is engaging with retailers after collecting just half of its second-quarter rent.
What does COVID-19 mean for your personal finances?
The coronavirus that started in Wuhan in China in late 2019, has now engulfed the world and wreaked havoc upon the global economy.
Covid-19 adds to Workforce’s challenges
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.
SENS
Further Announcement on the Disposal of Nutritional Foods (Pty) Ltd and Associated Resignation of Director NUTRITIONAL HOLDINGS LIMITED (Registration number: 2004/002282/06) (Incorporated in the Republic of...
Published date: 02-Aug-2021 17:45:00Change in Sponsor HULISANI LIMITED Incorporated in the Republic of South Africa (Registration number: 2015/363903/06) JSE Share code: HUL ISIN: ZAE000212072 ("the Company") CHANGE IN SPONSOR...
Published date: 02-Aug-2021 17:44:00Notification of change in the beneficial interest in Accelerate ACCELERATE PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Registration No 2005/015057/06) JSE code: APF...
Published date: 02-Aug-2021 17:30:00YESTERDAY'S BEST READ
Weekly summary of corporate finance activity by South African exchange listed companies
