NEWS ARCHIVES


19 August 2019

Sasol sinks on Lake Charles

The group has delayed the release of its results due to problems at the US project but does not expect further cost overruns.

Discovery shrugs off immediate NHI threat

The medical aid administrator says the rollout will take place over an extended period and there will still be a place for private health insurance.

Grindrod tanks on trading statement

Impairments on discontinued operations will result in an interim loss but its continuing businesses have done well despite the weak economy.

Obstacles in Imperial’s road

The logistics group expects to reported lower earnings with no quick recovery due to weak economic conditions in SA and Europe.

Stadio marked up on earnings score

The private education group expects to report a rise of as much as 50% in interim earnings.

City Lodge’s earnings fall as vacancies rise

The hotels group says it is working on growing market share in a depressed environment.

Empowerment deal affects Sanlam’s earnings

The life assurer says first-half earnings will decline by up to 35% due to once-off charges linked to a recent empowerment deal.




16 August 2019

Office takes it out of Truworths

The retailer has impaired its investment in the UK shoe chain but is not contemplating a major financial restructuring of the business.

Gold Fields profitable as production rises

The gold producer expects its cash-generating ability to continue increasing as it reduces capex and gets more out of new projects.

Implats guides on profit surge

The platinum producer will report a return to profitability thanks to higher prices for its metal and an improved operational performance.

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)

Harmony to report improved earnings

The gold producer has benefitted from the full-year inclusion of its Moab Khotsong and Hidden Valley mines as well as lower impairments.

Sugar tax decays RCL's earnings

The food producer is impairing its sugar business due to the impact of the Health Promotion Levy.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Merging of economics ministries broadens merger control scope

The consolidation of two previously separate ministries, Economic Development (EDD) and Trade and Industry (DTI), has significantly broadened the Minister’s merger control ‘toolkit’.




15 August 2019

Bitter UK medicine for Aspen

The pharmaceuticals group will pay £8 million and ensure competition in the supply of the medicine used to treat Addison’s Disease.

Curro plans further expansion as numbers grow

The private schools group says its focus will be on increasing its existing capacity rather than greenfield campuses.

Metair all charged up

The group says it has benefited from operational improvements but looming wage talks are clouding its outlook for the rest of the year.

South African banks and climate risk: latest developments

Standard Bank releases disappointing Coal-Fired Power Finance Policy.

Promises to keep to yourself

A sports scientist recently told me that an estimated 5% of people actually follow through on their fitness goals that are sparked by New Year’s Resolutions.

Safari and Fairvest break off talks

Safari says its independent board is now in a position to properly engage with Comprop on its rival bid for the property group.

Emira benefits from diversification

The real estate investment trust says investments in the US and in residential property have made it more defensive.

Exxaro’s earnings belie lower coal sales

The coal producer says a bigger contribution from its equity-accounted investments has compensated for weaker coal sales.




14 August 2019

Warning bell sounded for Kumba

Ingham Analytics says unless rand weakness is maintained over an extended period, Kumba’s earnings are likely to come under pressure.

Absa gains share in tough economy

The banking group says a bigger share of the retail market helped prop up interim earnings.

Steinhoff considers more disposals

The furniture retailer says its only hope for survival is to become a pure investment holding company focused on the retail sector.

Empowerment deal pushes KAP’s earnings lower

The industrial group says costs associated with the empowerment deal stripped 7.3c from earnings per share.

Strike damages Transpaco’s earnings

The group says the unprecedented three-month plastic industry strike and a stagnant economy are to blame for a decline in its performance.




13 August 2019

Omnia prices its rights issue

Shareholders who do not take up the deeply discounted rights shares face dilution.

Libstar flags a mixed first-half performance

The group has improved its profit margins but has been impacted by impairments and the adoption of new accounting standards.

Northam returns to full-year profit

The platinum producer says its two mines reported solid operating performances as it benefitted from higher metals prices.

Sabvest’s listed portfolio takes a knock

The investment holding company says a number of its listed investments should show an improvement in the period ahead.

Grindrod Shipping says ahoy to IVS Okudogo

The shipping group expects to take delivery of the IVS Prestwick vessel next month as it bulks up its fleet.

Murray’s Clough wins US contract

The project is Clough USA’s first major contract since the group was established in North America.




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