22 June 2020
The automotive group plans to close dealerships and scale back its car rental business due to the economic impact of the coronavirus.
The companies have commenced a section 189 process due to the worsening operating environment across the local ferrochrome industry.
The aluminium products manufacturer delayed the release of its 2019 results as it resolved certain accounting issues.
The telecoms group will report a big drop in full-year earnings due to restructuring costs and Covid-19 related impairments.
The business rescue practitioners still believe the full implementation of the rescue plan will get a better result than a liquidation.
Mixed signals from US equity markets.
19 June 2020
The leaner Sasol 2.0 will focus on its core Chemicals and Energy businesses to ensure that it remains sustainable at lower oil prices.
The steelmaker says previous cost-saving initiatives will not be enough due to the impact of Covid-19 on its business.
Weekly summary of Merger & Acquisition activity by South African companies
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
The retail group wants to reduce its debt and have cash on hand to take advantage of any opportunities that arise.
Majority shareholder PSG Financial Services will follow its rights and mop up more shares if they are not taken up by minorities.
Results have been distorted by the listing of Prosus last year, while Covid-19 may impact its 2021 numbers.
Weekly summary of corporate finance activity by South African exchange listed companies
The challenging commercial environment has served as a catalyst for innovation, resulting in an evolution of dealmaking that requires greater agility and flexibility
18 June 2020
Massmart says its losses will widen after it lost billions of rands in sales and it is borrowing R4 billion from parent group Walmart just in...
A clinical trial found that the steroid treatment reduced the death rate in patients requiring respiratory intervention as a result of Covid-19.
The sugar producer and land owner is disposing of non-core businesses in a bid to reduce debt by at least R8.1 billion by next March.
The platinum producer says it will remain an active participant in the development project and will retain its minority shareholding.
The tile manufacturer and retailer expects sales to continue recovering after they ground to a halt in April.
The investment company has reported a basic loss after impairing its hotel and gaming interests, as well as some oil and gas exploration assets.
17 June 2020
The health insurer and financial services group says full-year earnings will take a hit and it will not pay dividends until it is appropriate to.
Although sales have picked up sooner than expected, the food services company says it is too early to determine whether it will pay a dividend.
It will use the cash to support its other portfolio companies and may consider new investments, share buybacks or a special dividend.
The telecoms group says its full-year results were affected by retrenchment costs, Covid-19-related impairments and a decline in fixed-line business.
The coal producer expects demand to improve from next month as the economy continues to reopen.
The real estate investment trust says it would not meet liquidity requirements if it made the payment due to its capex obligations.