Mini-budget paints a bleak picture

Ratings agencies are expected to view the MTBPS as credit negative, with further downgrades possible.

Ascendis takes measures to restore confidence

The pharmaceuticals and healthcare group has swung to a full-year loss due to hefty impairments across its business.

Imperial on course despite obstacles

The logistics group expects high single-digit revenue growth and a low double-digit increase in profit this year.

IAPF ready for growth after capital raise

The fund says its reduced gearing following its listing and subsequent capital and its balance sheet is well-positioned for growth.

Just Share’s preliminary comments on Sasol’s Climate Change Report

Sasol Limited's long-awaited Climate Change Report was released on 28 October 2019.

MTN grows subscribers outside SA

The network operator has reported big increases in service revenue from its businesses in Nigeria and Ghana.

Prosus defends its Just Eat bid

The group denies associate Delivery Hero was being opportunistic when it reduced its stake in rival bidder Takeaway.com.

Octodec predicts flat growth as economy stalls

The real estate investment trust expects 2020 to be another challenging year, impacting its ability to grow distributions.

Santova buffeted by SA headwinds

The logistics group says recent acquisitions and a stronger offshore performance will reduce its reliance on South Africa.

Northam to expand Eland with Maroelabult acquisition

The assets lie next door to the Eland mine and will positively impact its build programme and provide additional planning optionality.

Acsion makes slow progress with Sandton mega-project

The property developer and manager expects to deliver Asciopolis at the end of its 2021 financial year.

Heads roll over Sasol’s Lake Charles project

Its joint-CEOs have taken the fall for a significant cost overrun at its chemicals project in the US.

Indigestion over Aspen's Zantac recall

The Australian regulatory authority has told manufacturers to withdraw products containing ranitidine, including Zantac.

Famous Brands reduces GBK losses

Although the UK chain narrowed its losses, Famous Brands does not expect Gourmet Burger Kitchen to return to profit for another two years.

AngloGold closer to exiting SA

The gold producer says due diligence by prospective buyers of its Mponeng mine is complete.

The Week Ahead of 28 October 2019

A further decline in US interest rates on the cards this week,

No golden egg from Astral

The poultry group says full-year earnings will decline by between 50 and 60 percent due higher feed costs and lower selling prices.

Rebosis holds off on dividend ahead of Delta deal

The real estate investment trust wants to ensure the optimal capital structure if a merger with Delta Property Fund goes ahead.

Nu-World looks for new markets to grow earnings

The consumer electronics group has introduced new ranges and is looking for more opportunities to maintain and grow its market share.

Theo Botha, representing Proxy View, has identified three governance issues that should be raised at this AGM

While writing this article I have to admit to a degree of conflict in my mind.

AB InBev loses its froth

After a tough third quarter, the brewer expects only moderate group in EBITDA this year.

Premier Fishing warns of lower catch

The fishing industry has faced a challenging environment due to a reduction in allowable catch rates and unrest in Hong Kong.

Vivo Energy fueled up on Engen deal

The retailer and marketer of Shell and Engen-branded fuels and lubricants expects another year of strong growth in gross cash profit.

Stenprop benefits from demand for multi-lets

The industrial property company says demand is outstripping supply in the sector that it expects to be more resilient as Brexit approaches.

Grit grows acquisition pipeline

The pan-African property fund is adding more blue-chip tenants as it grows its portfolio across the continent.

Accelerate sells Kyalami centre as it focuses on Fourways

The fund has earmarked sales worth about R2.5 billion as it reduces its loan-to-value ratio.

Theo Botha, representing Proxy View, has identified three governance issues that should be raised at this AGM

While writing this article I have to admit to a degree of conflict in my mind.

Clicks in fine health

Market share gains have helped the pharmacy, health and beauty retailer deliver double-digit earnings growth.

Altron on track with 2022 goals

The ICT and electronics group is ahead of its target to double EBITDA by the end of its 2022 financial year.

Life Healthcare benefits from healthier second half

The private healthcare group has reported strong revenue growth at its local and international operations.

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

Description: 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)

Quantum Foods hit by lower egg prices

The poultry and feeds group has warned of lower earnings due to a decline in egg prices and higher feed input costs.

Blue Label CEOs depart Cell C board

The founders of the company have nominated new members to the Cell C board as they focus on their core business.

Weekly corporate finance activity by SA exchange-listed companies

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