NEWS ARCHIVES
04 April 2019
EOH sets deadline for public sector contract probe
The tech services group aims to wind up its investigation by the end of May so it can clear its reputation after Microsoft terminated partnership agreements.
Quilter bulks up advisory business with Lighthouse deal
The wealth management group says the deal will secure its position in the UK financial advice market as it consolidates.
Vukile sells shares to grow Spanish portfolio
The real estate investment trust said proceeds of its R700 million book build would be used for opportunities in Spain.
Sirius completes asset disposal programme
The real estate investor says it is now focused on growing its branded office parks in Germany’s big seven cities.
Mid Cap Darlings - Tsogo Sun Holdings
Currently, Tsogo Sun Holdings has a diversified portfolio of assets including those in gaming entertainment and hospitality. The familiar assets attributable to the group include Montecasino,...
BUSINESS MAVERICK: The curious duality of SA's first business quarter
The Johannesburg Stock Exchange is up as the curtain closes on the first quarter of 2019, which will cheer the bruised bank accounts of SA's investors....
03 April 2019
Steinhoff investors delay their day in court
Aggrieved European shareholders and the retailer have agreed to postpone legal proceedings until 15 May.
BHP reviews guidance after Tropical Cyclone Veronica
The diversified mining group says its initial estimate is for a 6 to 8 million tonne reduction in output from Western Australia Iron Ore.
York Timber sells outlier plantation to Sappi
The timber producer said the commercial forestry assets were too far from its processing operations.
Edward Kieswetter walked into a strike on his first day in office on Monday, April 1. In an interview, he says his three priorities will be...
Accéntuate floored by acquisition
After reporting a first-half loss, the infrastructure supplies group is selling Pentafloor back to the original owners.
Wesizwe aims lower with Bakubung mine
The platinum developer has reported a headline loss for 2018 and now plans to get a smaller mine up and running.
02 April 2019
The group expects to declare a final dividend of between 15c and 23c per share due to a decline in full-year earnings.
Slicker Oando benefits from higher oil prices
The Nigerian oil producer has cut debt and improved earnings and says there’s scope to resume dividend payments.
Schroder completes warehouse redeployment
The European property investor has redeployed all of the proceeds from last year’s sale of low-yielding retail properties into more lucrative logistics assets.
Trencor withholds dividend as it mulls Textainer listing
The group is preserving cash after buying back shares worth R100 million as it considers an inward listing of US investment Textainer.
South Africa dodges a bullet from Moody’s
The very strong bounce in the S&P 500 during the first quarter of 2019 has resulted in the strongest Mar quarter since 1998. After flirting with...
EVITA'S FREE SPEECH: Ep. 188: Evita exposes the April Fools (Video)
ANC cadre Evita Bezuidenhout tries to expose fake news and highlight alternative facts with a weekly episode of EVITA'S FREE SPEECH.
AYO credits contract win for strong growth
The technology company has more than tripled first-half earnings and hopes to win more lucrative contracts with multi-nationals.
Atlatsa gets debt reprieve as it winds down
The platinum mining and exploration group reported a lower loss for 2018 as it prepares to buy out minorities and go private.
01 April 2019
Calgro M3 prepares investors for a loss
The housing developer says it’s taken steps to address the issues it can control and is awaiting an insurance claim for those it can’t.
Phumelela battles over hurdles
The horse racing and sports betting business plans to downsize after reporting weaker results from its local operations.
Adcorp rallies as profit returns
The outsourced services and labour broking group says full-year profit will rise as much as 253%.
Brainworks stalls results on currency uncertainty
The hotels and real estate investor expects to report a profit after paying down debt and existing the financial service sector.
Conduit Capital hit by Constantia underwriting loss
The investment holding company expects its insurance business to achieve an underwriting profit in the second half of the year.
Business Maverick: Capitec’s results show the heat is on in banking
Capitec's results on Thursday were more keenly watched than normal because of a slew of new entrants into the banking field. The company reported good results,...
4Sight plans further expansion offshore
The new-age technology group plans to grow in the Americas after its first full year on the JSE.
29 March 2019
Capitec jumps as it draws more customers
The bank reported a rise in transaction fees as it grew active customer numbers to 11.4-million.
The retailer hasn’t disclosed how much it expects for the motor dealership after selling its remaining stake in KAP Industrial for R4.8 billion earlier this week.
Netcare pays dearly to keep the lights on
The private hospitals group expects to pay over R10 million this year to keep generators running at its hospitals during load shedding.
Anchor maintains earnings in tough market
The financial services group says it was affected by weak investment markets and reduced activity on the JSE, which resulted in lower brokerage.
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)
Jubilee Metals swings to profit as projects come onstream
The processor of surface materials produced almost twice as much platinum group metals last year at costs below the industry average.
TeleMasters loses GSM customers as it shifts to the cloud
The telecommunication systems business plans to acquire complementary businesses this year to improve its offering.
The mining services group says it’s completed its conversion to an investment holding company, with a strong rise in first-half earnings.
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies
Thorts - How amendments to the Companies Act could affect M&A deals
The amendments relate to changes in disclosure/governance requirements and to address some of the technical ambiguities in the Act which may affect M&A deals