Mining remains in the doldrums

Lower gold production led a decline in overall mining production in April, continuing the negative trend for the sector.

Novus adapts to new base

The printing and packaging group has had to adjust since Media24 renegotiated printing contracts on less favourable terms.

Zarclear benefits from revised strategy

The investment group narrowed the discount to value its shares trade at after building a new investment case.

Trustco recovery aided by once-offs

The Namibian investment company says its diversity also assisted growth in 2019 earnings.

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)

Pembury reverses course on retirement

The group says it decided to dispose of its remaining retirement villages following feedback from shareholders and potential funders.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - The cost of not saying sorry

In this age of round-the-clock company scrutiny, almost as much focus is given to how a company handles a crisis as to the crisis itself.

Fake News

I have been getting really angry about how the South African press is being used by media-savvy operators with suspect motives to play on our fears....

BAT expects vaping growth to ignite sales

The world’s second-biggest cigarette maker says its New Category portfolio will report growth of between 30% and 50% this year.

Naspers talks Turkey in digital payments space

The consumer internet group believes there’s a big opportunity for its PayU subsidiary in Turkey as the government promotes digitisation of the economy.

Hope for 2nd quarter growth

After load shedding contributed to a fall in GDP in the first three months of the year, positive growth has started to emerge for the second...

Crookes Brothers gets a boost from nuts and bananas

The agricultural group says its 2019 results underscore the success of its diversification strategy.

Fake News

I have been getting really angry about how the South African press is being used by media-savvy operators with suspect motives to play on our fears....

Group Five to fill investors in on business rescue

The construction group’s business rescue practitioners will engage with shareholders next week as assets are put up for sale.

Resilient Stor-age raises dividend

The self-storage property group expects next year’s dividend to be 7%-9% higher if conditions don’t deteriorate.

Oando’s AGM cancelled amid boardroom tussle

The Nigerian oil group says the SEC’s actions are not in the best interests of the company or its shareholders.

Wescoal won’t be farming on Vanggatfontein

Acquiring the surface rights to the farm where its Vanggatfontein colliery is situated will allow it to expand the operation.

Adrenna warns of lower earnings

The property group will report a headline loss per share but its tangible net asset value has improved.

Introducing The Awkward Economist Learning Academy

Investments and Economics are everyone's problem and they impact us to varying degrees.

Tongaat suspended on results delay

The sugar producer said the decision wasn’t taken lightly and was meant to protect investors as its financial statements couldn’t be trusted.

MultiChoice’s maiden results will reveal a loss

While earnings have been affected by forex losses and a stake given to its empowerment schemes, its core profit will be as much as 12% higher.

ARC gets AI backing for TymeBank

Ethos Private Equity’s Artificial Intelligence Fund has invested in the new digital bank.

Profit dips as Capital Appreciation invests for growth

The FinTech business is developing new productions and building capacity as it signs on more financial institutions as customers.

NEPI Rockcastle takes A2X to 21

The European shopping centre owner will take a secondary listing on the exchange next Tuesday in addition to its JSE and Euronext listings.

The Week Ahead of 10 June 2019

Global growth prospects continue to deteriorate

A new chapter in Lonmin’s 110-year history

Investors will receive shares in Sibanye-Stillwater this week following the suspension and delisting of the group’s stock from the JSE and the LSE.

Bidvest maintains margins despite tough trading conditions

The industrials services group says growth in trading profit lost momentum in the four months to end-April.

Stars align for Kibo’s Benga project

The energy company has submitted its feasibility studies to Mozambique’s authorities and is now trying to secure coal supply and power purchase agreements.

Crookes prepares for bumper harvest

The agricultural group has benefited from strong sugar yields and new macadamia orchards coming into production.