NEWS ARCHIVES
25 April 2019
Wescoal declares force majeure at Vanggatfontein
Production at the colliery will be suspended for six to eight weeks after the mining contractor was forced to fire all contract workers due to violent...
PSG gets a kicker from Capitec
The bank now makes up two-thirds of PSG’s value from just over half a year ago.
Max disposal hits Life Healthcare’s earnings
The group will report lower first-half earnings partly due to costs related to the sale of its stake in Max Healthcare.
EPP sells shares to new investor
The Polish property group announced an accelerated bookbuild to bring a “significant” new investor on board.
Standard Bank’s Notice of Annual General Meeting, released on 17 April 2019, includes a resolution proposed by shareholders that would require the bank to prepare a...
An African proverb says that “ukuhamba kukubona”, which loosely translated means that through travel, you get to see. Imperial Logistics Limited is not a spectacles company,...
Slimmed down Astoria prepares to pay out
The company has changed its investment policy which has resulted in a capital payout to shareholders.
Value Group flags higher earnings
The group’s 2018 earnings were impacted by transaction costs for a black economic empowerment deal.
24 April 2019
Valuations scupper bid for RDI
The European shopping centre and hotel owner said a conditional proposal from the Australian property group undervalued the group.
Omnia rallies after ruling out rights issue
The fertilizer and chemicals group has engaged with its main bankers to devise and implement a debt restructuring to ensure its long-term sustainability.
CEO Jebb McIntosh says with costs reduced to a minimum, all that’s missing is a boost to the group’s revenue line.
Mr Price brings A2X into fashion
The exchange says Mr Price’s upcoming listing is an important milestone as it continues to attract listed companies from various sectors.
Atlantic Leaf makes progress in challenging year
The property investor has changed to a UK REIT which it says should assist in its strategy to raise new capital from investors.
The Week Ahead with Chris Gilmour - 23 April 2019
US equity markets need a push from corporate earnings to move substantially higher
Indequity benefits from rand weakness
The short-term insurer’s strategic hedge against rand depreciation paid off in the first half of its financial year.
23 April 2019
Shoprite reaches deal to curb Wiese’s control
By eliminating the two-tier capital structure, the retailer says its stock is likely to be more appealing to institutional investors.
Sasol back on track after strong third quarter
The group has made up for some lost production at its Second Synfuels Operations, while mining productivity is tracking ahead of last year.
Delta secures more government leases
By signing 5-year lease agreements, the Department of Public Works will give the property fund more predictable earnings going forward.
Ingenuity expects five-fold rise in HEPS
The Western Cape property investor is in the process of buying back close to a third of its shares.
New EasyEquities clients rain on Purple
The fintech group has narrowed its losses due to a big improvement at its GT247.com derivatives business as it continues to build EasyEquities.
Trematon reduces its headline loss
The group has investments in SA and UK property, as well as a majority stake in Generation Schools.
The industrial group says the expansion strategy for its equipment division could include European countries outside the UK.
18 April 2019
Just the right medicine from Clicks
The pharmacy, health and beauty retailer has raised its interim dividend by 15% after a strong first half.
Massmart's sales start to recover
The retailer and wholesaler says it’s too soon to call the rise in first-quarter sales a trend.
Tiger Brands to defend class action suit
The claims of more than 1,000 victims are proceeding against the food producer in a single matter.
Gold strike ends at Sibanye-Stillwater
The miner has resolved a five-month strike at its SA gold operations as it prepares to enter wage negotiations at its platinum mines.
A little bit of good news goes a long way.
A little bit of good news goes a long way. Over the last few days we saw some good news coming out on three companies in...
The mechanics of the Oceana unbundling
Tiger Brands recently sold 8 million Oceana shares to Brimstone, a black-controlled and managed investment holding company, thus bolstering BEE ownership credentials. The Group will now...
The private hospitals group says its 2019 results will be in line with expectations despite the challenging healthcare environment.
PSG Konsult grows earnings despite weak markets
The group has increased its dividend by 10% after its asset management and insurance divisions compensated for flat earnings from PSG Wealth.
The retail group’s 2018 results were negatively affected by a R500 million provision.
Quantum Foods warns of lower earnings
The poultry group had a strong 2018 financial year due to higher egg prices and lower raw material costs.
Kibo hires Wimmer to manage debt raising
The boutique investment bank will advise Kibo on African project financing as its African energy projects approach a final investment decision.
17 April 2019
EOH to cut debt with asset sales
The tech services group’s shares have doubled over the past week despite it swinging to a first-half loss.
Steinhoff may settle with claimants
The furniture retailer wants more detail about who the claimants are and how big their shareholdings were.
Zeder’s value falls on weak sentiment
Share prices of the investment group’s portfolio of companies have declined sharply over the past year.
Insimbi warns of lower earnings
The group says margins came under pressure as the US/China trade stand-off and Brexit weighed on commodity prices, while fuel prices went up.
Sabvest invests in cryptocurrency startup
The investment group is buying a 30% stake in Revix for R11 million as it invests alongside its founders.
For a strong cuppa tea, Five Roses parent company AVI will serve you just at the right temperature, of course with a packet of Baker’s Biscuits....
Nu-World grows earnings in tough market
The consumer electronics and liquor group has maintained market share by introduction more brands and new models of electronic goods.