08 June 2020
The auto component and battery manufacturer will invest in a new factory in KwaZulu-Natal to support contracts worth billions from Ford SA.
The pay-TV group says it benefitted from cost containment and reduced losses at its African operations outside SA.
The shopping centre owner expects almost all of the floor space at its malls to be open for business by the end of the month.
The private equity group says it plans to wind up Ecsponent Financial Services, which has also been fined R3 million by the FSCA.
US unemployment numbers may have bottomed in April
05 June 2020
The banking group says full-year earnings will decline as it accounts for an expected increase in credit impairments.
The two companies have been unable to agree on an arbitrator to decide whether a material adverse change has occurred due to Covid-19.
The fishing group reported a rise in operating profit as steady demand for products like Lucky Star canned fish made up for weakness in the US.
The property fund has granted tenants most affected by Covid-19 concessions and has deferred some rentals for up to a year.
Weekly summary of Merger & Acquisition activity by South African companies
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
Weekly summary of corporate finance activity by South African exchange listed companies
The uncertainty and practical challenges for parties to commercial transactions during the lockdown period necessitates careful consideration of the effects of COVID-19 on their transaction agreements
04 June 2020
The construction and infrastructure group will report a full-year loss as its Probuild business in Australia attracts a possible offer.
The insurer says business interruption as a result of the national lockdown is not covered under insurance protection against infectious diseases.
The platinum producer says the temporary closure to fix a leak is unrelated to recent repair work at its ACP Phase B unit.
The pan-African real estate company says it has been supported by the structure of its leases, blue-chip tenants and a diversified portfolio.
The real estate investment trust says Rory Mackey has been made permanent again.
03 June 2020
The private hospital group says a high degree of uncertainty remains regarding the progression of the Covid-19 pandemic and its full impact.
The logistics group says it will report a decline in full-year earnings due to the impact of Covid-19 and further rationalisation costs
The airline operator, currently in business rescue, has not earned any revenue since mid-March when flights were cancelled.
The beleaguered shopping centre owner says it is likely to collect a third less rent than last year as some tenants remain shuttered.
02 June 2020
The group says it may retrench some employees as it right-sizes its operations to keep them competitive in a changing environment.
The bank says credit impairments may exceed those recorded during the global financial crisis.
The niche bank and financial group says shareholders should still exercise caution due to the potential disposal of its stake in Efficient Group.
The London real estate investor has bought a significant stake in Shaftesbury, which owns property near its Covent Garden estate.
The German-focused real estate group has grown its rent roll by more than 5 percent for a sixth consecutive year.
The FinTech business says its business continued to operate throughout the lockdown, buoyed by growing demand for new technologies.