Tough day at Office for Truworths

The retailer's shares fell after it confirmed talks to restructure debt at its UK shoe chain as difficult trading conditions continue.

EOH sells CCS stake to repay debt

The technology services group says it will still be able to participate in CCS’s growth as it gains more international exposure.

Steinhoff wants executives’ salaries back

The furniture retailer has gone to court to recoup payments made to its former CEO and CFO.

Fairvest proposes Safari deal

The “friendly merger” of the two real estate investment trusts is expected to result in immediate cost savings and improved funding costs over time.

Does the Audi Q8 driving experience match its sportier and aggressive styling?

The current-generation Q7 was introduced in 2017 is a 7-seater SUV that was the original Quattro SUV that has gone through various upgrades and redesigns since...

What stops you from being financially free?

Are you the reason that you won’t be financially free one day? Carry on reading to find out, and I hope you don’t recognise yourself in...

Astoria offloads Kingswood stake

Due to the illiquid nature of the AIM-listed group’s shares, Astoria said selling its stake was in the best interests of shareholders.

Brait launches new incentive scheme

The group says a new class of “B” shares will align the long-term interest of its corporate advisor with those of its investors.

Tiso backs management share purchases

The group is cancelling its existing share incentive scheme following the sale of its media assets to Lebashe Investments.

No dividend as CSG swings to a loss

The services group says it’s retaining cash and reducing debt but will reassess its position in six months time.

The Week Ahead of 1 July 2019

Global growth slowing but no recession in sight.

Does the Audi Q8 driving experience match its sportier and aggressive styling?

The current-generation Q7 was introduced in 2017 is a 7-seater SUV that was the original Quattro SUV that has gone through various upgrades and redesigns since...

Sabvest takes up Apex stake

The group says Apex’s services will help facilitate and support its own investment activities.

Basil Read downscales as business rescue drags on

The group is moving to smaller premises after laying off most of its employees a year after entering rehabilitation.

The future of professional services businesses

I am the co-founder of a financial services company and most of my focus is on helping private individuals make better decisions about their money.

WBHO says skilled staff are emigrating

The roads, construction and civil engineering group says skilled employees are emigrating due to economic challenges and the weak construction sector.

Hudaco grinds on

The industrial group says the government needs to implement measures to kick-start the economy.

PBT Group hints at future dividends

The data management group hasn’t declared a 2019 dividend but says payouts are likely in the future due to improved operating conditions.

Attacq, Hyprop sell Ghana mall

The real estate investment trusts are scaling back their exposure to Africa outside SA after writing down the value of their properties.

PSV’s losses multiply in difficult year

The group says it’s confident it can continue as a going concern due to shareholder support and a planned capital raise.

Basil Read downscales as business rescue drags on

The group is moving to smaller premises after laying off most of its employees a year after entering rehabilitation.

Tiso Blackstar exiting its media empire

Titles including The Sunday Times, Business Day, Financial Mail and Sowetan will soon be under new ownership.

Spur to buy back Grand Parade stake

The restaurant franchisor wants to repurchase the 10% held by the casino and fast-food group before a five-year lock-in expires.

ATON’s bid for Murray drags on

Fifteen months on, the German firm has extended its offer to M&R’s minorities by another three months due to delays in getting regulatory approval.

Mid Cap Darlings – Resilient

Resilient was founded in 2000 and was one of the first property developers to look towards servicing the lower LSM markets with formal retail shopping infrastructure....

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)

PPC grows earnings in a tough market

The cement producer has cut overhead costs and improved its cash flow, helping it to reduce its SA debt.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Widespread amendments to SA’s Competition Law Regime

An extensive set of competition law amendments has been in the making since December 2017 when the Competition Amendment Bill was initially gazetted for public comment

Exxaro volumes fall on lower Medupi demand

The coal and heavy minerals producer says production volumes are down so far this year, while coal export prices have also declined.

New CEO for PPC

The cement producer says the former Holcim executive will take over as soon as his work permit has been approved.

Tough times for cement producer Sephaku

The cement and concrete producer plans to reduce debt while assessing future growth opportunities.

Sibanye enters JV with Generation Mining

The gold and platinum producer says selling a stake to Generation unlocks immediate value for the group.

Gemfields goes for gold

Although the group is focused on coloured gemstones, it said evidence of gold near its ruby mine couldn’t be ignored.

Grit targets premium listing

The pan-African property investor says it’s also considering its options to raise more capital to fund a pipeline of potential opportunities.

Sanlam a preferred Insurance sector stock for Ingham Analytics

Ingham Analytics rate Sanlam, together with Discovery, as the two preferred stocks in the life insurance sector. Sanlam’s income yield is both secure and attractive