NEWS ARCHIVES
08 August 2019
The group expects to list Investec Asset Management on the London and Johannesburg bourses in the first quarter of next year.
Mpact reaps benefits of investment programme
The packaging and recycling group says improvements to its business have more than offset the challenging trading environment.
Defensive Pepkor grows sales in tough environment
The retailer says it has continued to grow its share of the market through its pricing strategy and value approach.
Distell suffers forex babelaas
The wine and spirits maker has impaired its Angolan investment and recognised a credit loss provision in Zimbabwe due to currency issues.
DRC businesses drain Glencore’s earnings
The commodities group says it has taken measures to address challenges at its copper and cobalt operations and plans to halt production at Mutanda.
Italtile warns of slower second half
The tile manufacturer will still report a rise in full-year earnings despite a significant deterioration in trading conditions since April.
07 August 2019
Nedbank calls for faster action
The bank says structural reforms need to be tackled more urgently to avoid a downgrade, which would result in lower growth and more job losses.
The platinum producer has been hit with higher cash costs and levels of depreciation due to the ramp-up of its Styldrift project.
Curro slumps on trading update
Excluding a sizeable tax adjustment, the private schools group will report single digit profit growth.
The deal is just the latest to be announced as consolidation in the property sector accelerates.
Northam buys more Zambezi prefs
Buying the shares will reduce its Zambezi preference share liability and the dividends it pays on them.
Invicta takes engineering to A2X
The engineering and capital equipment group’s listing will take the number of securities trading on A2X to 28.
06 August 2019
Quilter finds buyer for life business
Shareholders are likely to get an extra distribution after the wealth manager sold its non-core life assurance business.
Merafe withholds dividend due to volatile markets
Global uncertainty has curtailed demand, resulting in a surplus of ferrochrome on the market.
SA Corporate rebuffs offers as MD stays on
The REIT says proposals from Dipula and Emira are not in its best interests as Rory Mackey agrees to stay on for another year.
Hyprop, Attacq sell Zambian mall
The real estate investment trusts are cutting their exposure to Africa outside SA due to difficult trading conditions and declining property prices.
Jubilee benefits from rising chrome production
The metals group says its processing projects are tracking ahead of schedule as it diversifies its earnings base.
Sea Harvest forecasts a strong catch
The seafood and fisheries group will benefit from last year’s acquisition of Viking Fishing.
Streamlined South Ocean back in the black
The investment holding company has returned to profitability following the disposal of Radiant Group.
05 August 2019
The technology services group has appointed a chief risk officer to its board on top of other measures taken to improve its corporate governance.
Gold Fields rises on upbeat update
The gold producer will report a near doubling in normalised earnings when it releases its interim results next week.
Naspers’s global listing could lift your tax bill
Investors will receive shares in Prosus unless they choose to receive more Naspers stock instead. Either way, there are capital gains tax implications.
Capital and Regional holds up in tough environment
The shopping centre owner says its focus on community centres has helped it weather slower consumer spending and structural changes in the retail sector.
Streamlined South Ocean back in the black
The investment holding company has returned to profitability following the disposal of Radiant Group.
SENS
Disposal of 127 Charing Cross Road, London for GBP59.25m
Published date: 02-Feb-2021 09:07:00Result of Placing of existing ordinary shares and preference shares
Published date: 02-Feb-2021 09:07:00YESTERDAY'S BEST READ
The black-empowered investment group has reduced its debt after disposing of a portion of some of its holdings.
Despite returning to profitability, the business bank and financial services group is remaining prudent by withholding an interim dividend.
The banking group says its 2020 profits could halve from a year earlier due to the impact of Covid-19.
