11 July 2019
The steel producer says cost-saving initiatives won’t be enough to counter the significant challenges it faces.
In the latest proposed merger in the property sector, the real estate investment trust says there’s compelling rationale for a tie-up.
Dovish comments made by US Fed chair Jerome Powell added to the rand’s strength.
We have all read the scary statistics explaining how few people will be able to retire comfortably in South Africa. If you haven’t, just know that...
10 July 2019
In a structured equity transaction, Kuwait’s Cale Street Investments will pay £186.3 million for half of the intu Derby shopping centre.
The property fund will use the proceeds of £12 million to pay down debt and fund capex requirements.
The platinum and chrome producer has reported an increase in third-quarter chrome production following a pit redesign.
The energy company says the change in approach to its application has provided further clarity on its coal to power project in that country.
The industrial group hasn’t received the subscription price from its prospective empowerment partner.
09 July 2019
The platinum producer is the JSE’s top performer this year, buoyed by higher metals prices and an operational turnaround.
After a year and a half in the job, Philip Dieperink is vacating his position and will be replaced by operations director Theodore de Klerk.
Arrowhead’s reverse take-over of Gemgrow is expected to benefit both sets of shareholders and improve liquidity and access to capital markets.
The ICT group says their combined portfolio will offer a better range of services and solutions to local and international customers.
Sasol, despite short-term volatility in the share price, should continue to be considered as a core portfolio holding for South African investors.
The are few winners in the new cold war. As the US and China reached an uneasy truce of sorts on the fringes of the G20...
The Australian minerals explorer has also received environmental authorisation for its Prieska Zinc-Copper Project in the Northern Cape.
08 July 2019
The pharmaceuticals group says it’s now in a position to explore options with other potential partners for its European pharmaceuticals business.
The diamond producer says operating in an unlisted environment would reduce costs, while shareholders would get the chance to exit at a premium.
The engineering and construction group will use the proceeds to strengthen its financial position and reduce debt as it’s turnaround continues.
Chief financial officer Tiffany Purves will take on a dual role while the investment group looks for a replacement CEO.
05 July 2019
SAA’s settlement over anti-competitive behaviour will lift Comair’s headline earning’s by 277c per share.
The bank says taking a secondary listing for its three precious-metal ETFs will help reduce overall costs for investors.
The wealth manager is undertaking a strategic view of its Old Mutual Wealth Life Assurance business which could lead to its disposal.
One of the grandpas on the stock exchange, Reunert was founded in 1888 by Theodore Reunert and Otto Lenz, and listed on the JSE in 1948.
Weekly summary of M&A activity by South African companies
Weekly summary of all M&A activity from across Africa (excluding South Africa)
The group’s Kamoto Copper Company has asked armed forces near its mines to exercise restraint against illegal artisanal in the area.
The logistics group says the transactions will bolster its position in the refrigerated and retail sectors.
Weekly summary of corporate finance activity by South African exchange listed companies
Home to the fastest-growing middle class in the world, Africa is predicted to have a larger workforce than both China and India by the year 2034.