29 June 2020
The company wants to replace a R1.5 billion deal for 15 percent of Sun’s Latin American business with a bid for 50 percent of the entire...
Its shares plunged between the time it warned that administration was likely and their suspension hours later.
The stock and bond exchange operator says market volatility has supported first-half earnings, masking weakness in the economy and financial markets.
The aluminium products manufacturer has booked a R1.3 billion impairment of its businesses as it prepares for a further decline in demand.
The industrial group says most of its businesses were performing well until faced with Covid-19 and the lockdown.
US equity markets weaken as the number of new coronavirus cases spikes.
26 June 2020
The hotel and casino operator says its Latin American partner has not yet made an actual offer nor addressed any of its concerns.
The budget retailer says it remains to be seen whether the growing move to online shopping is a permanent step change in consumer behaviour.
Weekly summary of Merger & Acquisition activity by South African companies
Weekly summary of corporate finance activity by South African exchange listed companies
The group says just as it was recovering from severe load shedding in December, trading conditions were overwhelmed by Covid-19.
Sales at its Entyce and Snackworks divisions helped offset the impact of Covid-19 on its footwear and fashion businesses.
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
The Constitutional Court's decision in this matter has important implications for respondents in Tribunal proceedings who seek to access the Commission's investigative record
25 June 2020
The agri group and land owner will report return to profitability when its releases its annual results at the end of next month.
As it prepares for a cash call, a Chilean suitor may bid R22 per share for a controlling stake in the hotels and casinos group.
The investment holding company says a R5.6 billion equity capital raise also contributed to a big decline in its net asset value per share.
Anthony Ball is non-executive chairman of Value Capital Partners, a big shareholder of the cement producer.
The platinum producer has lifted force majeure on its contractual deliveries and says most customers have elected to receive their metal.
The real estate investment trust says by retaining additional cash it will be better positioned to withstand the impact of Covid-19 on its portfolio.
24 June 2020
The last remaining unit at the US project is on track for beneficial operation by the end of September.
The capital raise is just the latest in the retail sector aimed at reducing debt or funding growth opportunities created by the Covid-19 crisis.
If it is unable to negotiate a deal with its lenders, the shopping centre owner may have to enter administration.
The automotive group is adjusting its inventory to match reduced demand for vehicles as it also scales back its car rental business.
The financial services group says its investments and assets under management remain well diversified as markets experience continued volatility.
The packaging group says the lockdown resulted in reduced demand for its packaging, while some non-essential lines stopped operating.
23 June 2020
The telecoms group says it needs to preserve capital due to Covid-19 and as it prepares for an imminent auction of valuable spectrum.
While it entered the Covid-19 crisis with a strong balance sheet and prudent cash-flow management, it may still reconsider dividend payouts.
The self storage property specialist has increased its final dividend but says it is not providing any guidance for the year ahead.
The chemicals, fertiliser and explosives group has reduced debt significantly after a R2 billion rights issue last year.
The Swiss Attorney General is investigating the company for failing to have measures in place to prevent graft in the DRC.
The hotel group needs to reduce debt and cover a cash shortfall as most of its hotels remain closed due to the lockdown and travel restrictions.