NEWS ARCHIVES
31 July 2019
The retailer and wholesale group expects to report an interim operating loss of up to R30 million as sales weakened and expenses rose.
Shoprite reports recovering sales
Fourth-quarter sales at the supermarket group were particularly strong, but not enough to boost full-year earnings.
JSE’s Newton-King to step down
The stock exchange operator says CEO Nicky-Newton King will be replaced by former JSE executive Leila Fourie when she retires.
Invicta hires outsider as new CEO
Steven Joffe will take over on 1 January from Arnold Goldstone, who will become non-executive chairman of Kian Ann Engineering.
MC Mining makes progress with Makhado
The coal miner expects the development of the hard coking coal project to make it the pre-eminent SA producer.
30 July 2019
L2D grows trading density in tough environment
The shopping centre owner says the quality of its properties have helped cushion it against the tough economy.
Hammerson hit by retail downturn
The UK shopping centre owner has reported a loss after lowering the value of its properties.
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Efficient Group may delist from JSE
Private equity fund Apis is subscribing for shares in the financial services group and may extend an offer to minority shareholders.
29 July 2019
Omnia’s shareholders back recapitalisation plan
Almost all votes cast at last week’s general meeting were in favour of issuing new shares as the group grapples with high debt.
Rolfes cautionary stokes speculation
Its shares are worth less than half their value of two years ago despite the positive effects of a restructuring.
Brimstone finds new investors for Clover buyout
The empowerment group expects to incur once-off costs running into the millions following its decision to withdraw from the transaction.
Stefanutti keeps the wolf from the door
The construction group has raised R120 million of ring-fenced project capital as part of a larger funding plan.
TeleMasters declares dividend despite earnings plunge
The telecommunications solutions company has declared a 1.5c per share dividend although its 2019 earnings have tumbled more than 90%.
26 July 2019
Anglo American's billion dollar buyback
The group says the buyback recognises the resilience of its position and builds upon the $3.4 billion returned to shareholders since mid-2017.
Sasol update ends shares lower
Despite a higher rand-oil price, the group will report a fall in full-year earnings after writing own its assets by R18.1 billion.
Interestingly, in 2016, Anglo American changed its mind about disposing of its large stake in Kumba. There must be good reason for that so does that...
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)
The brewer had its best quarterly beer sales in over five years in the three months to end-June.
Capco to proceed with demerger
The London property owner plans to list Covent Garden as a separate REIT while it mulls expressions of interest in Earls Court.
Vodacom buoyed by International business
The mobile network operator anticipated slower growth in SA due to new data regulations, price cuts and the weak economy.
Alex Forbes sells insurance business to Momentum Metropolitan
The R1.94 billion disposal forms part of its strategy to focus on its employee benefits business.
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies
Thorts - Flirting before the offer: The Intricacies of Approaching Shareholders
It makes sense for potential offerors to be able to engage with material shareholders in a target before an offer is formally launched.
25 July 2019
AECI looks beyond earnings dip
The chemicals and explosives group expects the benefits of realignment projects to outweigh the costs in the second half of its financial year.
Weak economy dents AVI’s earnings
The branded consumer goods group says the difficult trading environment has limited sales growth.
Mpact rolls out strong first half
The paper and packaging group says underlying earnings rose by up to a third, supported by its containerboard operations.
The automotive components and energy storage business has flagged a rise of as much as 23% in first-half earnings.
The black-owned financial services group plans to list on A2X markets at the end of the month as it progresses to the JSE’s Main Board.
The electronics group says impairments, increased provisions and legal fees have pushed it into the red.
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
Many investors are asking themselves, is there still time to buy into this parabolic run?
