NEWS ARCHIVES


15 June 2020

Barloworld to report a loss due to Covid-19

The industrial group booked higher credit losses and impairments as a result of the global economic slowdown and the pandemic.

City Lodge secures more debt to help it through the crisis

Some hotels are now operating on a limited basis to accommodate stranded guests, business travellers, essential workers, and those in quarantine.

Stenprop sees opportunities in Covid-19 environment

The property group says the pandemic may lead to opportunities to buy more properties to meet growing demand for its multi-let industrial estates.

Value Group resilient in the face of Covid-19

The logistics group says it has become fully operational again and no significant impairments of its assets are currently required.

Castleview hopes residential uptake will increase footfall

The property fund says its apartments were almost half full by the end of February, bringing more traffic into its shopping centre.

Zarclear hit by Covid-19 market volatility

The investment holding company plans to delist due to the impact the virus is expected to continuing to have on equity capital markets.




12 June 2020

RMB bids adieu to FirstRand

RMH is ending its association with FirstRand and its well-known businesses such as FNB, RMB and Wesbank, marking the end of an era.

Grit may delist from JSE

The pan-African real estate company wants to consolidate its three listings into two in order to save on costs and boost liquidity.

Covid-19 hinders Metrofile takeover

The takeover consortium will need to re-examine the value of the records management and documents storage business once the virus has run its course.

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)

Harmony gets the green light to raise $200 million

The company expects to return to full production in mid-July as shareholders approve an equity raise to fund its latest acquisition.

Investec Property Fund exits Australia fund

The fund says its balance sheet is now significantly weighted to SA and Europe after it disposed of its minority position at an attractive return.

Weekly corporate finance activity by SA exchange-listed companies

Weekly summary of corporate finance activity by South African exchange listed companies

Thorts - Becoming a “virtual’ reality: Shareholder e-meetings

In the rush to the new normal, now may be a very good time for South African listed companies to re-assess their shareholder meeting procedures

Thorts - The Future of the West African Corporate Finance Market

Conditions created by COVID-19 will present select opportunities for the discerning investor, who must be prepared to take advantage of such opportunities once they appear or...

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11 June 2020

MultiChoice meets maiden dividend pledge

The lockdown pushed more subscribers its way and it is now ready to add streaming services from Netflix and Amazon Prime to its Explora decoder.

Sygnia expects market volatility to continue

The fund manager doubled first-half profit despite big swings in asset prices as Covid-19 escalated in March.

Sanlam strikes a cautious tone due to Covid-19

While the year started well for the insurer, it has been impacted by extreme market volatility and pressure on new business volumes.

Shoppers return to Hyprop’s malls

The shopping centre owner says its core focus is on retaining tenants as it negotiates rent relief packages with retailers.

Amplats converter unit almost fixed

The platinum producer says a leak at its ACP Phase B unit was unconnected to recent repair work and it would be ready next week.




10 June 2020

EOH rallies on positive update

The technology company says a resilient third-quarter performance has helped it pay down debt faster.

Steinhoff says impact of Covid-19 will be material

The retailer has also agreed to help the criminal authorities fund an additional forensic probe into its accounting fraud.

Arrowhead expands disposal programme due to Covid-19

The real estate investment trust is also evaluating a merger with subsidiary Indluplace Properties due to current market conditions.

Chips are down for Tsogo Sun Gaming

The casino operator says it is faced with the uncertainty of when its casinos will be allowed to reopen and the restrictions they may face.

Libstar grows retail sales as restaurants remain shuttered

The food group says it expects its performance to improve as restrictions on quick-service restaurants are eased.

Life Healthcare targeted in cyber attack

The group says patient care has not been affected but it is still trying to determine the extent to which sensitive data has been compromised.




09 June 2020

Brait sells Iceland back to founder

The disposal forms part of a five-year strategy to maximise value through the realisation of the assets in its portfolio.

Ascendis buys time to clean up balance sheet

Debt repayments have been pushed out to the end of next year, alleviating the need for a fire sale of its assets.

Capital light Alexander Forbes pays a special dividend

The employee benefits business will distribute most of the cash it received from the sale of its insurance business.

Takeaway hiatus hurts RCL

The food producer says full-year earnings will be down due to Covid-19 and it may have to impair the carrying value of its assets.

Sasfin says rising impairments will affect earnings

The bank and financial services group says there has been a big increase in impairments, which it expects to continue for now.

Rate cuts boost interest in Fortress disposals

The real estate investment trust says its disposals team continues to receive enquiries for its non-core industrial and office properties.

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