21 November 2019
With less than a month to go before the first closing date, neither side is budging in the takeover battle for Just Eat.
The furniture and appliances retailer has expanded into the upper end of the market and is also growing online sales.
The cement producer has resorted to hyperinflationary accounting for PPC Zimbabwe, while volumes in Southern Africa also declined.
The fund has declared a lower combined dividend due to longer lead times on new leases, higher costs and the weak economy.
The infrastructure investor says the increase is due to the dividend income it earns from its portfolio of renewable energy assets.
The black empowerment investment holding company says its results were affected by impairments and equity losses.
20 November 2019
The investment holding companies plan to distribute their holdings in FirstRand to shareholders, while Remgro will also distribute its RMB stake.
The investment manager says the challenging markets of the past five years have resulted in many attractively priced opportunities for active managers.
Baked beans was the fastest growing sales category last year, giving the food producer a welcome tail wind.
Following last year's big loss and its recent capital raise, the chemicals, fertiliser and explosives group has delivered some positive news.
The self storage property fund says its defensive business model will help support it despite challenging conditions in SA and the UK.
The investment company is seeing a growing contribution Pension Insurance Corporation as British American Tobacco stays under pressure.
19 November 2019
The two mobile operators have signed an extended roaming agreement that could assist its recapitalisation, leaving Telkom out in the cold.
Candy Ventures has abandoned its plan to make an offer for Capco after it sold its Earls Court development property.
The branded food producer expects to finalise the transaction early next year if it gets regulatory approval.
After record profit last year, the group has reported a decline in earnings as the weak consumer and high imports put pressure on prices.
While acute patient day numbers declined marginally last year, its Akesa network of mental health facilities reported strong growth.
The earthmoving equipment agent generated strong free cash flows in the year to end-September.
18 November 2019
The telecoms group is close to completing a due diligence but says any deal would hinge on Cell C reducing its debt.
The retailer has sold a UK unit to specialist retail sector investor Alteri as it reduces debt through asset sales.
Platinum producers have inked a three-year wage deal with unions without mediation or industrial action.
The group says profit will be up to 7 percent higher despite a number of negative factors that continue to hamper its performance.
The engineering and capital equipment group says profit will be significantly higher after a big tax provision affected its previous earnings.
The IT security specialist says the key drivers of the information security market remain robust.
15 November 2019
European investment fund Arise may become a shareholder of reference in the niche bank and financial services group.
The private hospitals group has returned to a first-half profit after adapting to a tougher regulatory environment in Switzerland.
The group has cut back on capital expenditure and will manage its working capital as it rides out weakness in dissolving wood pulp prices.
Financial highlights for the year ended 30 September 2019.
Weekly summary of Merger & Acquisition activity by South African companies
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
While most of its operations have performed well in a difficult trading environment, the retailer has impaired its building materials division.
The cement producer says competitors have engaged in aggressive market tactics and it has also had to contend with rising imports.
Weekly summary of corporate finance activity by South African exchange listed companies