NEWS ARCHIVES
07 June 2019
The overreaction to the cost overruns at Sasol’s Lake Charles Chemical Project are correcting as predicted in Ingham Analytics note of last week.
Stenprop trims dividend as it repositions its portfolio
The industrial property investor has trimmed its full-year payout by 16% to 6.75p and will offer a scrip alternative subject to approval.
Gas producer Renergen rises on ASX debut
The natural gas and helium company’s shares rose 27.5% on their Australian debut.
The Namibian investment company expects a big improvement in full-year earnings from its main investment segments.
Bauba prepares for prospecting right
The platinum and chrome exploration company says its application for a prospecting right over the farm Hartebeesfontein has been accepted.
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)
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies
Thorts - Directors’ Power to Appoint: A look at section 68(3) of the Companies Act
Section 68(3) of the Companies Act empowers a board to appoint an eligible person to serve as a director of a company on a temporary basis.
06 June 2019
Mkhwanazi takes the chair at EOH
Xolani Mkhwanazi’s appointment as chairman follows those of CEO Stephen van Coller and financial director Megan Pydigadu.
Sibanye curtails job losses in restructuring
Close to 3,500 employees will be affected, with voluntary separation, early retirement and natural attrition accounting for the bulk of the job losses.
The insurer has grown new business and headline earnings despite turbulence in SA and other emerging markets.
Alex Forbes warns of earnings decline
The pension funds administrator has been affected by a number of write-offs and the cost of writing off an expensive IT contract.
Jubilee to double PGM production capacity
The company says it’s also progressing with its acquisition of the Sable Zinc refinery in Zambia as it tries to further diversify earnings.
My best and worst performers year to date
Today I was doing a quick month-end review of my US Share portfolio. Here are my Top five best performers.
05 June 2019
The food producer says its chicken and sugar businesses have weighed on earnings due to imports and the new sugar tax.
Consolidated Infrastructure hobbled by the weak economy
The pan-African infrastructure group is now focused on growing its power and energy capabilities across the continent.
MAS’s move east pays dividends
The Central and Eastern European property investor aims to grow its distribution by 30% between now and June 2022.
The print and packaging group’s 2018 results were affected by big impairments after Media24 renegotiated a printing contract.
Big four likely to bank 8% growth despite headwinds.
The performance of South Africa's major banks continues to compare favourably to banks in the USA, Canada, and Australia.
African Phoenix goes to court over pref share scheme
The investment group wants to buy back its preference shares as it shifts strategy.
04 June 2019
Imperial falls on unsatisfactory performance
The logistics group has reported weak operational performances will impair its Consumer Packaged Goods business as it rationalises its operations.
Lactalis made payment for Aspen's Nutritionals Business on Friday and it should appear in its bank account any day now.
Grand Parade in talks over Spur shareholding
It’s been speculated that the empowerment group could reduce its stake in Spur to focus on its Burger King franchise.
Cigarette companies taking strain
Reports last week indicate that cigarette sales in the US are falling more than forecast.
Trump’s actions on trade continue to dampen the outlook for US equities
German office demand boosts Sirius
The property investor has raised its full-year dividend by 6.3% following strong rental growth as it refined its strategy.
Delta trims dividend to fund capex
The property fund has forecast short-term pressure on earnings as it finalises bulk lease renewals and negotiates long-term financing of debt.
03 June 2019
Tongaat takes a caning on overstatement
The sugar producer and land owner’s shares fell as much as 10% on Friday after it said its balance sheet had been overstated.
Mr Price doffs its cap to Australia
Sales at the discount retailer topped R20 billion last year, with strong growth outside SA, but it’s called time on Australia.
Taste tries to get back on track
The restaurant and jewellery group has restructured its operations after losing focus and expanding too quickly.
Finbond goes platinum for the Afrikaans market
The lender says it still plans to transform into a retail bank and will target Afrikaners with its new “Finbond Platinum” online offering.
The infrastructure investment group has reported lower revenue due to a reduced stake in the Dorper Wind Farm as it diversifies its portfolio.
Consolidated Infrastructure tanks on trading statement
The infrastructure group expects its headline loss per share to widen as the tough economy exerted pressure on most of its businesses.