NEWS ARCHIVES


21 November 2019

Prosus dismisses Takeaway.com’s Just Eat deal

With less than a month to go before the first closing date, neither side is budging in the takeover battle for Just Eat.

Lewis Group benefits from diversification

The furniture and appliances retailer has expanded into the upper end of the market and is also growing online sales.

PPC's earnings crumble on Zimbabwe inflation

The cement producer has resorted to hyperinflationary accounting for PPC Zimbabwe, while volumes in Southern Africa also declined.

Dipula reduces vacancies in tough market

The fund has declared a lower combined dividend due to longer lead times on new leases, higher costs and the weak economy.

GAIA to report a big rise in earnings

The infrastructure investor says the increase is due to the dividend income it earns from its portfolio of renewable energy assets.

Hosken flags lower profit

The black empowerment investment holding company says its results were affected by impairments and equity losses.




20 November 2019

RMH and Remgro to unbundle FirstRand

The investment holding companies plan to distribute their holdings in FirstRand to shareholders, while Remgro will also distribute its RMB stake.

Coronation’s assets decline as savings pool shrinks

The investment manager says the challenging markets of the past five years have resulted in many attractively priced opportunities for active managers.

Rhodes Food dishes up a tasty dividend

Baked beans was the fastest growing sales category last year, giving the food producer a welcome tail wind.

Omnia flags a return to profit

Following last year's big loss and its recent capital raise, the chemicals, fertiliser and explosives group has delivered some positive news.

Stor-Age locks up a strong first half

The self storage property fund says its defensive business model will help support it despite challenging conditions in SA and the UK.

Insurance does well for Reinet as tobacco dwindles

The investment company is seeing a growing contribution Pension Insurance Corporation as British American Tobacco stays under pressure.




19 November 2019

Telkom the third wheel in Cell C/MTN pact

The two mobile operators have signed an extended roaming agreement that could assist its recapitalisation, leaving Telkom out in the cold.

Candy bows out as Capco sells Earls Court

Candy Ventures has abandoned its plan to make an offer for Capco after it sold its Earls Court development property.

Pioneer prepares for PepsiCo takeover

The branded food producer expects to finalise the transaction early next year if it gets regulatory approval.

Astral hit by higher costs, lower prices

After record profit last year, the group has reported a decline in earnings as the weak consumer and high imports put pressure on prices.

Netcare benefits from mental health expansion

While acute patient day numbers declined marginally last year, its Akesa network of mental health facilities reported strong growth.

Barloworld to pay special dividend

The earthmoving equipment agent generated strong free cash flows in the year to end-September.




18 November 2019

Telkom puts Cell C on speed dial

The telecoms group is close to completing a due diligence but says any deal would hinge on Cell C reducing its debt.

Steinhoff beds down UK sale

The retailer has sold a UK unit to specialist retail sector investor Alteri as it reduces debt through asset sales.

No strikes as platinum sector reaches wage accord

Platinum producers have inked a three-year wage deal with unions without mediation or industrial action.

Kaap Agri to reap higher earnings

The group says profit will be up to 7 percent higher despite a number of negative factors that continue to hamper its performance.

Invicta rallies on earnings forecast

The engineering and capital equipment group says profit will be significantly higher after a big tax provision affected its previous earnings.

ISA optimistic about demand for IT security

The IT security specialist says the key drivers of the information security market remain robust.




15 November 2019

Sasfin rallies as Arise shows interest

European investment fund Arise may become a shareholder of reference in the niche bank and financial services group.

Mediclinic gets Hirslanden back on its feet

The private hospitals group has returned to a first-half profit after adapting to a tougher regulatory environment in Switzerland.

Sappi halts dividend due to soggy pulp prices

The group has cut back on capital expenditure and will manage its working capital as it rides out weakness in dissolving wood pulp prices.

Diversification strategy pays off for Oceana

Financial highlights for the year ended 30 September 2019.

Who’s doing what this week in the South African M&A space?

Weekly summary of Merger & Acquisition activity by South African companies

Who’s doing what in the African M&A space?

Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)

Impairment to weigh on Pepkor’s earnings

While most of its operations have performed well in a difficult trading environment, the retailer has impaired its building materials division.

Sephaku comes unstuck in hard market

The cement producer says competitors have engaged in aggressive market tactics and it has also had to contend with rising imports.

Weekly corporate finance activity by SA exchange-listed companies

Weekly summary of corporate finance activity by South African exchange listed companies




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