24 April 2020
The investment holding company is also looking for ways to unlock the discount its shares trade at as it considers corporate action.
The oil and chemicals group says it has to take all necessary measures to manage current market volatility and uncertainty.
While retail outlets are operating under sales restrictions, pharmaceutical distribution business UPD is in prime position to supply healthcare facilities with medicine.
Weekly summary of Merger & Acquisition activity by South African companies
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
With a number of its mines operating at reduced capacity, Anglo has trimmed production guidance for the year and is cutting back on spending.
Weekly summary of corporate finance activity by South African exchange listed companies
Up to now, the boards of institutional investors and asset managers have owed fiduciary duties of care only to their shareholders and companies. This is set...
23 April 2020
The bank says says credit impairment charges in the first three months of the year were significantly higher than a year ago.
The Mozambican government recently released prisoners to reduce overcrowding in its prisons, including around 150 illegal miners.
The property group says future payouts are at the mercy of a shrinking economy, rising unemployment and declining disposable income.
The industrial group says it is cutting costs, including its wage bill, and its board is unlikely to declare a dividend this year.
The consumer electronics group is expanding products and brands offshore as it battles weak consumer demand in SA.
The building materials retailer says its SA stores are operating under strict guidelines and reduced hours.
22 April 2020
The oil and chemicals group fell sharply before recovering most of its losses as oil futures contracts for May expired.
The mining giant expects full-year production to be in line with last year but may trim capital spending going into 2021.
Wescoal says Eskom has not yet indicated how its coal supply agreement with its power stations will be affected.
The life assurer says the impact of volatile market conditions has been felt mostly in its Shareholder Investment Portfolio.
The wealth manager says its financial position remains strong after completing part of its share buyback programme.
The group says it continues to attract new tenants for its multi-let industrial properties through digital channels.
21 April 2020
Phumelela says an extended lockdown could spell disaster for the local industry, resulting in rationalisation and job losses.
The resources group says after consulting its lawyers, it does not believe the event constitutes a force majeure.
The private hospitals group has suspended all non-urgent procedures, freeing up beds for an expected influx of Covid-19 patients.
German firm RIB Software has accelerated its call option for the outstanding stake in CCS, while EOH has also sold LSD back to its sellers.
The retailer says restrictions on trade due to social distancing and lockdown measures will hurt revenue this year.
The diversified miner says apart from some SA and Colombian operations, full-year production guidance remains intact.
The gold producer says it will take up to five working days to restart its underground operations and steps have been taken to protect workers.
20 April 2020
The platinum miner recalled some of its workforce last week as it prepares to increase production under government guidelines.
The private hospitals group has suspended non-urgent elective surgery to deal with the coronavirus pandemic.
While providing essential services, the food and agriculture investment company says it is not to immune to challenges posed by Covid-19.
The engineering and construction services group says lockdown conditions will have a considerable negative impact on earnings.
Chinese GDP growth contracts to levels not experienced since the 1970s
The aluminium products manufacturer says it is managing cash flows and costs daily as the lockdown continues.
The small cap financial services company wants to convert R2.56 billion in preference shares into equity following a change to its business model.