NEWS ARCHIVES
15 April 2019
The company will report a big loss when it releases first-half results tomorrow due to a number of impairments and write-downs.
Brimstone pulls out of Clover deal due to Israeli connection
The empowerment group bowed to shareholder and community pressure due to the inclusion of an Israeli company in the transaction.
Unexpected developments delay AEEI’s results
The investment group says it still hopes to release its interim results before the end of May deadline.
Grand Parade chair still has skin in the game
The gaming and leisure group says Hassan Adams and his associates remain significant shareholders following last week share sale.
Higher taxes to upset Oceana’s catch
The fishing group says first-half gross profit rose sharply but higher taxes will result in lower earnings.
Jasco benefits from acquisition, ICT contracts
The group has swung back to a profit and plans to review its capital structure to unlock potential future growth opportunities.
12 April 2019
Sibanye-Stillwater gets cash upfront for gold
Combined with this week’s equity raise, the gold and platinum producer has access to about R10 billion of undrawn credit.
Altron rallies on profit forecast
More dividends lie ahead after the IT and electronics group said it expected a strong rise in full-year earnings.
Zeder marks down its investment in Pioneer
The investment group’s value has dropped following a 37% slide in Pioneer Foods’ share price.
Steinhoff’s Conforama secures funding arrangement
The French retailer says the capital will ensure the stability of its capital structure and operations.
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)
Tharisa’s production picks up despite blackouts
The platinum and chrome producer says it’s back on track to meet its Vision 2020 targets following improvements at its mining operations.
AH-Vest benefits from improved capacity
The branded sauces company invested in plant and equipment in the six months to end-December for its Veri Peri line of sauces.
Cashbuild lifted by new stores
Third-quarter growth was driven entirely by the new stores opened or acquired since the start of its 2018 financial year.
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies
Thorts - Higher penalties on the cards for failing to notify mergers
The Tribunal has the power to impose penalties of up to 10% of a firm's annual turnover in SA for failing to notify a merger
11 April 2019
Value Capital raises the stakes in Grand Parade
The activist investor has grown its shareholding to above 20% as chairman Hassan Adams reduces his stake.
Arrowhead and Gemgrow plan merger
The real estate investment trusts say a single listing will create a simpler group structure and benefit shareholders.
Sibanye raises R1.7 billlion capital buffer
The gold and platinum producer sold close to 109-million shares at R15.50 each to existing and new institutional investors.
Barloworld broadens black ownership in R3.5 billion transaction
The industrial conglomerate is selling a portfolio of its SA property to black investors, including employees, management and the broader public.
Santova expands its European offering
The logistics group will pay up to €1.92 for MLG Maritime Cargo Logistics as it expands its global presence.
Mid Cap Darlings – Life Healthcare Limited
The company’s name is relatively self-explanatory. Sometimes simplicity is key. This group of companies is trying to keep you alive. Of course, at a cost. But...
The industrial holding company gave no further details but the capital injection follows the sale of a stake to Regis Holdings last year.
enX still mulling options for fleet management unit
The industrial holding group says it’s also reviewing other opportunities to create more shareholder value.
First, the Nigerian government imposed massive fines of MTN in disputed circumstances for notional regulatory infractions. Now the executives of Vodacom's Tanzanian business have been arrested...
BUSINESS MAVERICK ANALYSIS: Trading on US-China deal to deliver the goods
Global free trade is one of those amazing benefits to global wealth. The IMF has measured a 60% reduction in prices in emerging economies since 1990...
10 April 2019
Sibanye plans capital raise as strike continues
The gold and platinum producer plans to raise R1.8 billion to tide it over but may resume dividend payments if all goes well.
Rolfes rallies as CEO buys shares
In what could be seen as a vote of confidence, Richard Buttle has spent more than half a million rand on the company’s shares.
Murray’s Dubai dispute nears an end
Dubai’s Department of Civil Aviation and the HMRT joint venture have to agree on a final account for the cancelled Dubai International Airport contract.
Premier Fishing lifted by squid acquisition
The fisheries group says it’s seeing the benefits of last year’s acquisition of Talhado Fishing Enterprises.
Jasco flags a return to profit
The electronics group’s ICT businesses have benefitted from higher spend in the telecommunications sector.
Indequity benefits from investment gains
The short-term insurer expects to report a strong rise in first-half earnings helped by a rise in investment income.
Accéntuate’s profits fall over 120% due to loss on Pentafloor
During 2017, Accéntuate purchased flooring specialist Pentafloor for R19.19 million to diversify the company’s offering in the flooring infrastructure segment.
Kibo shares soar 150% after CEO updates shareholders on four key projects
Over the past six months, JSE- and Aim-listed Kibo Energy has embarked on an extreme business makeover by selling off its mining assets to switch its...
4Sight shares up 40% thanks to higher earnings
On 27 March, Mauritian-based investment holding company 4Sight provided shareholders with an accurate trading update; from the one, the company released on 22 March.
Sibanye wants gold strike declared unprotected
AMCU says a verification process into membership numbers at Sibanye’s gold mines was flawed and the company was premature in declaring victory.
09 April 2019
Afrimat enters bid for Universal Coal
A consortium including JSE-listed Wescoal terminated negotiations for Universal after failing to get the recommendation of the junior coal miner’s board.
Pick n Pay claims market share gains
The retailer says turnover rose by a market-beating 9.6% in the 53 weeks to 3 March, with like-for-like volumes up 5.1%.
The private education group also welcomed a High Court judgement that law degrees from private institutions should be recognised by the Law Society.
Sirius flags strong results as its exits non-core properties
The German property investors expects like-for-like growth in rental income to top the 6.2% it reported last year.
IAPF revises distribution guidance upwards
Investec Australia Property Fund expects growth in its post-withholding tax distribution to be higher than previously forecast.