17 December 2019

EOH beats target with Afrocentric deal

The disposal means EOH has passed its targeted asset sales this year as it reduces debt.

Nampak offloads Plastics Europe

The packaging group has not disclosed the sale price but says the transaction will remove the pension fund liability from its balance sheet.

Rebosis at odds over property values

The real estate investment trust says its auditors have given a qualified opinion after coming up with a lower value for its properties.

Taste in talks with potential Domino’s buyers

The group says it will focus on growing and expanding its luxury goods brands once it has sold its remaining food interests.

Implats finalises Canadian acquisition

The platinum producer has merged its Canadian assets into Impala Canada, which will be lead by former NAP CFO Tim Hill.

Northam strikes five-year wage deal

The agreement at Booysendal provides for continuity, certainty and allows all stakeholders to focus on the sustainability of the business going forward.

The Week Ahead

Last week signalled good news for financial markets. Trade tensions between the US and China eased and the Conservative Party won a convincing majority of seats...

13 December 2019

MTN defends data pricing

The network operator says while there is work to be done on price transformation it needs more spectrum to carry traffic cost effectively.

Mediclinic maintains healthy growth

The private healthcare group says full-year revenue is likely to rise by about 6.5 percent and profit margins will be in line with guidance.

Investec fund grows European logistics exposure

European logistics have been the top performer for the Investec Property Fund on a risk-adjusted basis over the last 18 months.

Kibo signs accord to help roll out UK power projects

The group plans to develop and operate a portfolio of small-scale reserve power generation projects in the UK.

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

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)

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts – Mitigating risk in corporate transactions: options, waivers and penalties

Each corporate transaction poses risks for the transacting parties, ranging from large unknown liability risk to small execution risks.

12 December 2019

Metair batteries spark interest

The battery and automotive components group says it has also had an unsolicited approach for its Turkish operation.

Tongaat to remain suspended for now

The sugar producer and land owner wants investors to have a clearer view of its most recent performance before its shares start trading again.

Italtile confident it can improve sales

The tile manufacturer and retailer has reported a small improvement in retail turnover and expects its second half to be better.

Bell grows black ownership

The group has increased black ownership of two large SA divisions to a majority in a top-up transaction.

Rights issue to dilute loss from Taste

The investment group issued over a billion new shares earlier this year to shore up its operations.

African Phoenix grows NAV

The investment group has reported a sharp rise in its net asset value but a full-year loss as it restructures its business.

11 December 2019

No sweeteners in Tongaat results

Auditors Deloitte and Touche have raised concern about its ability to continue as a going concern.

Anglo geared for higher production

While the diversified miner is targeting a strong rise in production, it has trimmed its short-term guidance for diamonds, coal and iron ore.

Amplats warns of cost impact of load shedding

The platinum producer says power outages make it even more likely it will miss its cost guidance this year.

Harmony keeps workers above ground

The gold producer says it will resume underground shifts once it has the assurance of reliable power supply.

Load shedding poses threat to Merafe

The company says the power outages threaten the future viability of some of its operations and the wider ferroalloys sector.

Ingham Analytics issues a note on Baidu, the Chinese “Google”, entitled “Bide your time on Baidu”.

This latest note by Ingham Analytics is hot on the heels of the Prosus note last week "It’s all in Tencent"which also had a China tech...

Prosus crosses first Just Eat hurdle

The Spanish Markets and Competition Commission has cleared the acquisition of Just Eat shares by Prosus subsidiary MIH Food Delivery Holdings.

10 December 2019

Metrofile unveils private equity buyout deal

If the offer proceeds, shareholders will receive R3.30 per share as well as the rights to an interim dividend if it pays one.

Conduit swaps Constantia for stake in Trustco business

The investment company says shareholders will benefit from a stake in a larger and more diversified financial services group.

The Week Ahead 9 December 2019

Global growth to get a boost from EM economies next year.

Sibanye-Stillwater sets date for new listing

The current corporate structure has the SA gold assets at holding company level and platinum assets as subsidiaries.

Ingham Analytics issues a note on Baidu, the Chinese “Google”, entitled “Bide your time on Baidu”.

This latest note by Ingham Analytics is hot on the heels of the Prosus note last week "It’s all in Tencent"which also had a China tech...

New strategy takes shape at Alexander Forbes

The financial services group is wrapping up the sale of its insurance businesses as it prepares to expand its employee benefits operation.

New CEO for Stadio as it continues expansion

The tertiary education group says Southern Business School CEO Chris Vorster will replace Chris van der Merwe as it buys out minorities in the school.

Prosus to dish up more for Just Eat

Increasing its offer provided Just Eat shareholders with compelling value and a good reason to accept its all cash offer.

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