03 March 2020
The industrial services group says its debt levels remain comfortable and it will consider strategic investments here and offshore.
Industry frameworks are being developed to address challenges local poultry and sugar groups continue to face due to cheap imports imbalances.
The ICT solutions and services group has appointed advisors to look into a possible flotation of its Latin American business on the B3 exchange.
The group says a foreign investor proposes floating a restructured group on a major stock exchange with a secondary listing on the JSE.
The group has benefited from acquisitions and improved margins at its SA operations but has warned of weaker abalone sales due to the coronavirus.
The property investors aims to dispose of the remainder of the Western European property investments by next year.
02 March 2020
The sugar producer and land owner will use the proceeds to reduce debt in line with a financing agreement with its lenders.
The platinum producer says it may consider resuming dividends in the medium term after it has de-risked the Zambezi preference share structure.
The commodities group has lifted its interim dividend by a quarter, supported by a strong rise in prices for platinum group metals.
This analysis, timed to take stock of the implications of the 2020 government budget, is a must-read too.
The group is now focused on improving cash generation, reducing debt and improving returns to shareholders.
Global Equity markets suffer rapid correction.
The infrastructure group says although its turnaround will still take some time a solid platform has been established.
28 February 2020
The brewer says the pandemic is likely to result in a 10 percent decline in first-quarter EBITDA, with the impact continuing to evolve.
The furniture manufacturer and retailer says it is taking a number of steps to mitigate against any potential effect of the pandemic.
The platinum producer has benefited from a 41 percent rise in the rand price of its metals while sustaining its operating performance.
The retailer and wholesaler has swung to its full-year loss and is now preparing to rejig its business and close unprofitable stores.
Weekly summary of Merger & Acquisition activity by South African companies
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
The cigarette maker has grown its share of a declining market and raised prices to compensate for lower volumes.
The paper and packaging group says it remains highly cash generative and is seeing evidence of pricing stability in certain segments.
Weekly summary of corporate finance activity by South African exchange listed companies
Disruptive technologies are forcing companies to change their business approach for fear of losing their market share or becoming irrelevant
27 February 2020
The budget aims to cut the public sector wage bill instead of hiking taxes and may stave off a credit rating downgrade next month.
The automotive group says the impact of the coronavirus on the production and supply of cars and spare parts is an added risk.
The airline operator has swung to a half-year loss and has suspended dividend payments due to its current financial status.
The London property owner has reported a decline in its property portfolio and net asset value after selling its Earls Court development.
The shipping group says the pandemic has shown the high interdependence of all regions and industries due to globalisation.
26 February 2020
The retailer is also forming a joint venture with Equites Property Fund to manage and develop a portfolio of logistics properties.
The private school group says it was affected by its decision to retain learners in a depressed economy, while its interest bill rose.
The chemicals and explosives group is taking measures to mitigate the impact of the coronavirus on its African mining operations.
The logistics group has benefitted from the rationalisation and cost-cutting it implemented last year.
The shopping centre owner has maintained its 2019 dividend but warns that it will come down sharply this year.
The food group has benefited from margin improvement and a lower interest bill after it used its listing proceeds to reduce debt.