19 March 2020
The manufacturer has benefited from new vehicle launches but says it is already seeing declines in new vehicle sales and exports due to the pandemic.
The branded food producer and distributor has benefited from improving profit margins and a lower interest bill.
The residential property developer says it is keeping a close watch on the Covid-19 virus despite strong demand for its lifestyle apartments.
The cement producer says year-to-date sales are down in SA but most of its international operations have continued to grow revenue.
The telecommunications solutions company credits a debt recovery for the improvement.
The mining services group is no longer selling its Nkomati Anthracite and Benison Coal operations but has earmarked others for disposal.
18 March 2020
The oil and chemicals group has outlined a package of measures aimed at resetting its balance sheet so it can endure a low oil price.
The company has reported a small rise in first-half earnings but the outlook is uncertain due to the impact of Covid-19.
The hotel and casino group says the authorities have closed its operations and there is no certainty on when they will be allowed to reopen.
The network is ensuring that it has enough network capacity to enable people and businesses to seamlessly work from home.
The platinum producer will process most of the metal it used to deliver to Amplats using spare capacity at its Markina operations.
The diversified mining company says the polyhalite project supports its ongoing transition to supplying essential metals and minerals to meet evolving needs.
17 March 2020
Restricted trading in several European countries will place pressure on tenants and rentals as governments try to contain the coronavirus.
The insurance giant says it is likely to miss its targets this year due to market disruptions and weaker growth.
Investec decided against a global offer of its shares due to current market volatility.
The group says its production facilities and operations were unaffected after it restricted access to its IT infrastructure.
The group blames weaker demand, particularly in its home market, and a rising interest bill due to higher inventory levels.
The investment group says a deal could not be concluded on acceptable terms and further financial support was not forthcoming.
16 March 2020
Capitalworks is offering shareholders R21 per share to take the company private, with the option of retaining unlisted stock.
The first phase of a restructuring process will result in costs of about R1.5 billion, which will affect earnings this year.
The Medscheme owner says its growing trading businesses contributed to a strong rise in first-half operating profit.
The coal producer says it has made good progress with the Makhado coal project as it targets the premium hard coking coal market.
The real estate investment trust says occupancy numbers are satisfactory but it is unable to push through big rent increases due to the weak economy.
Expect another volatile week on global financial markets
13 March 2020
The group is confident its foundation business is capable of generating positive cash flow from operations in a low oil price environment.
The shopping centre owner has blamed a massive write-down in the value of its portfolio for a loss last year.
The financial services group decided against selling a stake in Ninety One to new investors due to the current market turmoil.
The insurance group says its operational performance was strong last year, while earnings declined due to one-off costs.
The diversified resources group plans to include more renewable energy in its portfolio as part of its response to climate change.