23 August 2019
The budget retailer says an imbalance in its clothing assortment resulted in bigger markdowns but it is seeing a spring recovery.
The life assurer and asset manager served CEO Peter Moyo with a further notice terminating his employment.
The tile maker and retailer said it ended the year with cash in excess of its requirements.
Weekly summary of M&A activity by South African companies
Weekly summary of all M&A activity from across Africa (excluding South Africa)
The diversified mining group says selling its SA coal operations will strengthen its balance sheet and improve margins.
The resources group has benefited from increased income from its investments and selling down its Tronox stake.
Weekly summary of corporate finance activity by South African exchange listed companies
The acquisition of Clover Industries
22 August 2019
The group says it is normal to engage with investors after making an announcement and they weren’t privy to any price sensitive information.
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...
The private education and staffing group will report an increase in earnings when it publishes its interim results at the end of the month.
The mining holding company says full-year headline earnings will rise by as much as 28%.
The construction and infrastructure group’s business rescue practitioners says they will present a rescue plan on 30 August.
The investment group says annual earnings will be higher helped by an improvement at its Queenspark fashion chain.
21 August 2019
The supermarket chain says an improvement in fourth-quarter sales has continued into its new financial year.
The diversified miner has increased its final payout by more than expected despite disappointing growth in earnings for the year.
The gold producer says it is well positioned to benefit from the uplift in gold prices.
The industrial group has reported a 31% dip in net profit partly due to charges associated with an empowerment deal last year.
The packaging maker and recycler has reported a sharp dip in earnings after a strike affected its business trading period.
20 August 2019
The group has delayed the release of its annual results as it assesses the value of its investment in the mobile network operator.
The engineering and construction has attributed a fall of as much as 40% in profit to losses taken on an Australian roads project.
The diversified mining group will report lower basic earnings after impairing Nkomati Nickel and its investment in Malaysia’s Sakura Ferroalloys.
Global growth concerns hit equity markets. Nervousness spilled over into other emerging markets during last week and hit South Africa as well.
Mitchell Slape will take control at the ailing retailer the day after it reports an operating loss due to weak sales growth and rising expenses.
The logistics company says buying MLG Maritime Cargo Logistics will increase its presence along key international trade routes.
19 August 2019
The group has delayed the release of its results due to problems at the US project but does not expect further cost overruns.
The medical aid administrator says the rollout will take place over an extended period and there will still be a place for private health insurance.
Impairments on discontinued operations will result in an interim loss but its continuing businesses have done well despite the weak economy.
The logistics group expects to reported lower earnings with no quick recovery due to weak economic conditions in SA and Europe.
The private education group expects to report a rise of as much as 50% in interim earnings.
The hotels group says it is working on growing market share in a depressed environment.
The life assurer says first-half earnings will decline by up to 35% due to once-off charges linked to a recent empowerment deal.