17 March 2020
Restricted trading in several European countries will place pressure on tenants and rentals as governments try to contain the coronavirus.
The insurance giant says it is likely to miss its targets this year due to market disruptions and weaker growth.
Investec decided against a global offer of its shares due to current market volatility.
Ingham Analytics say that such is the immediacy and savagery of the international equities sell-off that even if you wanted to liquidate to cash in an...
The group says its production facilities and operations were unaffected after it restricted access to its IT infrastructure.
The group blames weaker demand, particularly in its home market, and a rising interest bill due to higher inventory levels.
The investment group says a deal could not be concluded on acceptable terms and further financial support was not forthcoming.
16 March 2020
Capitalworks is offering shareholders R21 per share to take the company private, with the option of retaining unlisted stock.
The first phase of a restructuring process will result in costs of about R1.5 billion, which will affect earnings this year.
The Medscheme owner says its growing trading businesses contributed to a strong rise in first-half operating profit.
The coal producer says it has made good progress with the Makhado coal project as it targets the premium hard coking coal market.
The real estate investment trust says occupancy numbers are satisfactory but it is unable to push through big rent increases due to the weak economy.
Expect another volatile week on global financial markets
13 March 2020
The group is confident its foundation business is capable of generating positive cash flow from operations in a low oil price environment.
The shopping centre owner has blamed a massive write-down in the value of its portfolio for a loss last year.
The financial services group decided against selling a stake in Ninety One to new investors due to the current market turmoil.
The insurance group says its operational performance was strong last year, while earnings declined due to one-off costs.
The diversified resources group plans to include more renewable energy in its portfolio as part of its response to climate change.
12 March 2020
The network operator also says CEO Rob Shuter will step down when his four-year contract expires next year.
The banking group has grown full-year earnings thanks to stronger performances from its operations outside the country.
The real estate investment trust says growth in its annual dividend will be nominal at best.
The pharmaceuticals group plans to slash costs and sell more businesses as it restructures its balance sheet and reduces debt.
The effect of the coronavirus has not been significant so far but the retail group says it could affect stock availability later this year.
The wealth manager says it will halve its shareholder base, including many Old Mutual policyholders who received shares during its unbundling.
11 March 2020
The banking group says it is not immune to the serious macroeconomic challenges facing the country, which it is affecting all customer segments.
The network operator will slash the price of data bundles and provide some free services after the Competition Commission weighed in.
The real estate investment trust has faced headwinds in SA and the UK and expects its operating environment to remain challenging for now.
The financial services group says its taxi finance and debt collection services businesses have remained highly defensive in a tough market.
The group plans to issue additional N shares to investors as it holds onto its cash to reduce debt and make investments.