15 June 2020
The industrial group booked higher credit losses and impairments as a result of the global economic slowdown and the pandemic.
Some hotels are now operating on a limited basis to accommodate stranded guests, business travellers, essential workers, and those in quarantine.
The property group says the pandemic may lead to opportunities to buy more properties to meet growing demand for its multi-let industrial estates.
The logistics group says it has become fully operational again and no significant impairments of its assets are currently required.
The property fund says its apartments were almost half full by the end of February, bringing more traffic into its shopping centre.
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
RMH is ending its association with FirstRand and its well-known businesses such as FNB, RMB and Wesbank, marking the end of an era.
The pan-African real estate company wants to consolidate its three listings into two in order to save on costs and boost liquidity.
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.
Weekly summary of Merger & Acquisition activity by South African companies
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
The company expects to return to full production in mid-July as shareholders approve an equity raise to fund its latest acquisition.
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 summary of corporate finance activity by South African exchange listed companies
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
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...
11 June 2020
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.
The fund manager doubled first-half profit despite big swings in asset prices as Covid-19 escalated in March.
While the year started well for the insurer, it has been impacted by extreme market volatility and pressure on new business volumes.
The shopping centre owner says its core focus is on retaining tenants as it negotiates rent relief packages with retailers.
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
The technology company says a resilient third-quarter performance has helped it pay down debt faster.
The retailer has also agreed to help the criminal authorities fund an additional forensic probe into its accounting fraud.
The real estate investment trust is also evaluating a merger with subsidiary Indluplace Properties due to current market conditions.
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.
The food group says it expects its performance to improve as restrictions on quick-service restaurants are eased.
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
The disposal forms part of a five-year strategy to maximise value through the realisation of the assets in its portfolio.
Debt repayments have been pushed out to the end of next year, alleviating the need for a fire sale of its assets.
The employee benefits business will distribute most of the cash it received from the sale of its insurance business.
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.
The bank and financial services group says there has been a big increase in impairments, which it expects to continue for now.
The real estate investment trust says its disposals team continues to receive enquiries for its non-core industrial and office properties.