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28 August 2019

Imperial takes restructuring pain

The logistics group says the benefits of a big reorganisation should reflect in its bottom line in the year ahead.

Strike pushes Sibanye-Stillwater into a loss

The group has also recognised a fair-value loss on its dollar convertible bonds due to a rally in its share price this year.

DRDGold flags higher earnings

The mine tailings re-treatment specialist has benefitted from a higher gold price and the inclusion of Far West Gold Recoveries.

Sea Harvest helps reduce Brimstone’s losses

The black empowerment investment group says its interim loss and headline loss will be lower, partly due to its Sea Harvest investment.

“The Yield Curve is Inverted” Why the hype, what is it and how does it impact you?

Recently there has been a lot of hype around the “Inverted Yield Curve” and upcoming recession. So, what is this hype all about?

Amplats wraps up acquisition of prospecting rights from Atlatsa

The platinum producer is buying the Kwanda North and Central Block rights from Atlatsa, which is in the process of delisting from the JSE.

27 August 2019

Naspers prepares for $100 billion Prosus listing

Naspers says the top 10 consumer internet giant will have an estimated market capitalisation of $100 billion on day one.

Naspers capitalisation could be taxing

SA investors taking up stock in Prosus when it lists next month may be liable for capital gains tax.

Sasol swept by more waves at Lake Charles

The oil and chemicals group has revised its earnings guidance for the project lower due to problems at the Ethane Cracker.

Acquisitive Stadio grows earnings strongly

The private education group has grown student numbers and earnings following a spate of acquisitions.

The Week Ahead of 26 August 2019

Global growth is cooling and the measures that central banks have to stimulate is limited.

Super Group steers its way through the downturn

The logistics group continues to benefit from positive momentum in the commodities cycle as consumer-facing business come under pressure.

Safari battle heats up

More than a quarter of the retail property owner’s shareholders say they won’t support Comprop’s proposed R5.90 per share offer.

26 August 2019

Naspers shareholders say yes to global listing

Investors will get one share in Prosus for each Naspers share they hold when it lists next month.

No dividend as Northam triples operating profit

The platinum producer says its current capital structure, project commitments and the difficult economy preclude the payment of a cash dividend.

Grindrod bites the bullet following restructuring

With its non-core businesses held for sale, the freight and financial services group is focused on trade corridors and finance.

Hulamin buckles under tough conditions

The aluminium products manufacturer says it has taken corrective action after a number of factors impacted interim earnings.

NEPI Rockcastle sticks with distribution guidance

The property owner says it has had more visits to its shopping centre as retail spending by Eastern Europeans grows.

Murray and Roberts’ strategic plan gains traction

The specialised engineering and construction group expects a rebound in annual earnings and says its order book remains strong.

23 August 2019

Mr Price marked down after bleak winter

The budget retailer says an imbalance in its clothing assortment resulted in bigger markdowns but it is seeing a spring recovery.

Old Mutual fires Moyo, again

The life assurer and asset manager served CEO Peter Moyo with a further notice terminating his employment.

Special dividend as Italtile turns 50

The tile maker and retailer said it ended the year with cash in excess of its requirements.

Who’s doing what this week in the South African M&A space?

Weekly summary of M&A activity by South African companies

Who’s doing what in the African M&A space?

Weekly summary of all M&A activity from across Africa (excluding South Africa)

South32 finds buyer for SA Energy Coal

The diversified mining group says selling its SA coal operations will strengthen its balance sheet and improve margins.

Dividend bonanza from Exxaro despite weak coal sales

The resources group has benefited from increased income from its investments and selling down its Tronox stake.

Corporate finance activity of the week

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

Thorts - International inbound investment defies negative SA

The acquisition of Clover Industries

22 August 2019

Sasol denies favouring some investors

The group says it is normal to engage with investors after making an announcement and they weren’t privy to any price sensitive information.

Sasol - Confidence takes a knock

However, whilst there is noise and angst in the market at this time, depressing the share price to level seen ten years ago, Ingham Analytics do...

ADvTECH rises on earnings forecast

The private education and staffing group will report an increase in earnings when it publishes its interim results at the end of the month.

Assore lifted by improved trading conditions

The mining holding company says full-year headline earnings will rise by as much as 28%.

Group Five prepares for rescue plan

The construction and infrastructure group’s business rescue practitioners says they will present a rescue plan on 30 August.

Rex Trueform’s retail operations pick up

The investment group says annual earnings will be higher helped by an improvement at its Queenspark fashion chain.

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