Naspers shareholders say yes to global listing

Investors will get one share in Prosus for each Naspers share they hold when it lists next month.

No dividend as Northam triples operating profit

The platinum producer says its current capital structure, project commitments and the difficult economy preclude the payment of a cash dividend.

Grindrod bites the bullet following restructuring

With its non-core businesses held for sale, the freight and financial services group is focused on trade corridors and finance.

Hulamin buckles under tough conditions

The aluminium products manufacturer says it has taken corrective action after a number of factors impacted interim earnings.

NEPI Rockcastle sticks with distribution guidance

The property owner says it has had more visits to its shopping centre as retail spending by Eastern Europeans grows.

Murray and Roberts’ strategic plan gains traction

The specialised engineering and construction group expects a rebound in annual earnings and says its order book remains strong.

Mr Price marked down after bleak winter

The budget retailer says an imbalance in its clothing assortment resulted in bigger markdowns but it is seeing a spring recovery.

Old Mutual fires Moyo, again

The life assurer and asset manager served CEO Peter Moyo with a further notice terminating his employment.

Special dividend as Italtile turns 50

The tile maker and retailer said it ended the year with cash in excess of its requirements.

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)

South32 finds buyer for SA Energy Coal

The diversified mining group says selling its SA coal operations will strengthen its balance sheet and improve margins.

Dividend bonanza from Exxaro despite weak coal sales

The resources group has benefited from increased income from its investments and selling down its Tronox stake.

Corporate finance activity of the week

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

Thorts - International inbound investment defies negative SA

The acquisition of Clover Industries

Sasol denies favouring some investors

The group says it is normal to engage with investors after making an announcement and they weren’t privy to any price sensitive information.

Sasol - Confidence takes a knock

However, whilst there is noise and angst in the market at this time, depressing the share price to level seen ten years ago, Ingham Analytics do...

ADvTECH rises on earnings forecast

The private education and staffing group will report an increase in earnings when it publishes its interim results at the end of the month.

Assore lifted by improved trading conditions

The mining holding company says full-year headline earnings will rise by as much as 28%.

Group Five prepares for rescue plan

The construction and infrastructure group’s business rescue practitioners says they will present a rescue plan on 30 August.

Rex Trueform’s retail operations pick up

The investment group says annual earnings will be higher helped by an improvement at its Queenspark fashion chain.

Shoprite recovers after ‘testing’ year

The supermarket chain says an improvement in fourth-quarter sales has continued into its new financial year.

BHP pays record dividend

The diversified miner has increased its final payout by more than expected despite disappointing growth in earnings for the year.

Harmony’s losses narrow as production rises

The gold producer says it is well positioned to benefit from the uplift in gold prices.

KAP maintains dividend after tough year

The industrial group has reported a 31% dip in net profit partly due to charges associated with an empowerment deal last year.

Strike takes it out of Transpaco

The packaging maker and recycler has reported a sharp dip in earnings after a strike affected its business trading period.

Cell C gets Blue Label down

The group has delayed the release of its annual results as it assesses the value of its investment in the mobile network operator.

WBHO warns on earnings decline

The engineering and construction has attributed a fall of as much as 40% in profit to losses taken on an Australian roads project.

ARM takes impairment on the chin

The diversified mining group will report lower basic earnings after impairing Nkomati Nickel and its investment in Malaysia’s Sakura Ferroalloys.

The Week Ahead of 19 August 2019 with Chris Gilmour

Global growth concerns hit equity markets. Nervousness spilled over into other emerging markets during last week and hit South Africa as well.

Massmart gets green light for new CEO

Mitchell Slape will take control at the ailing retailer the day after it reports an operating loss due to weak sales growth and rising expenses.

Santova completes Maritime deal

The logistics company says buying MLG Maritime Cargo Logistics will increase its presence along key international trade routes.