Clicks: a valuation multiple that defies gravity
Market participants continue to question how much longer Clicks can hang onto a high P/E multiple with single-digit growth.
This quarterly result was a perfect storm for Cashbuild, with looting this quarter and incredible sales in the base quarter.
Pick n Pay navigates sales disruptions
Pick n Pay lost R1.7bn in sales from the civil unrest and liquor disruptions. You wouldn't say so by looking at HEPS.
Balwin is better, but still well off 2019 numbers
Balwin has posted strong growth vs. the nightmare that was 2020, although HEPS is still well off 2019 numbers.
CMH's leaner model pays dividends (literally)
With a strong recovery across its business lines and a significantly lower expense base, CMH has posted excellent interims.
BHP maintains 2022 production and cost guidance
BHP has released an operational update for the quarter ended September 2021.
Calgro M3 posts a strong recovery
Revenue and gross profit have jumped sharply and the balance sheet looks better, but there's still no dividend.
Renergen hits the spot (market)
Renergen has released an announcement with more plot twists than a Tarantino. Even blockchain tech gets a nod!
Irongate: far from unconditional love
Irongate Group has received an unsolicited and non-binding offer for the company. It has all the makings of a hostile bid.
Karooooo needs to grow into its new shoes
Karooooo's second quarter results show promising growth, but the company needs to grow into its infrastructure now.
Mediclinic: the left-field reopening trade
Mediclinic has posted a strong recovery, with the market jumping into Mediclinic and Life on Friday as a result.
Is Long4Life's listing on the chopping block?
Long4Life has posted a strong recovery in most businesses, with the latest SENS dropping two bombshells.
Famous Brands returns to profitability
Famous Brands has indicated a return to profitability, with the market pricing in a strong recovery for the business.
Equites positions itself for empowered sale-and-leasebacks
Equites is executing a clever strategy of being a sale-and-leaseback partner to leading corporates.
Altron's trading statement gets the cold shoulder
Altron fell 6.5% yesterday despite releasing a trading statement that reflects a return to profitability in continuing operations.
Murray & Roberts expands in the US
Murray & Roberts is acquiring J.J. White in the US on an EBITDA multiple of around 5.5x.
Sephaku and PPC cement their gains
With construction on the up, a change in government policy re: imported cement has rallied the PPC and Sephaku share prices.
Capital Appreciation benefits from digital adoption
Capital Appreciation operates businesses in the payments and software industries - great places to play over the past year.
Alaris tunes into Delisting FM
Radio frequency technology company Alaris looks set to be taken private by a consortium of investors.
CSG: another small cap could be headed for the exit
ARC has its sights set on small cap CSG Holdings, a consistent underperformer on the JSE.
Tesla dances around GM in times of shortage
Credit where credit is due: Tesla is navigating the chip shortage far more effectively than GM is.
Nedbank preference shareholders get a liquidity event
As changes in banking regulations make preferences shares less attractive, Nedbank wants to buy all its prefs back.
Mondi is managing to pass increases on to customers. Can that carry on for the rest of the year?
Foschini inches into the green
There's a lot of head-scratching at the moment around Foschini's share price, as the underlying operations have really been struggling.
Invicta gets more fibre in its diet
Invicta is acquiring Dartcom Group, an important move into a new business line for the industrials group.
Is the Sirius share price running out of steam?
Sirius has done great things with the balance sheet, but I'm still not sure the assets justify the current valuation.
Zeder: a value unlock, but how much?
There's a potential value unlock in play at Zeder, but it takes some guesswork to size the opportunity.
Datatec quadruples its earnings
Datatec is an international ICT business that has had a big year for its share price and its earnings.
Massmart will take an 87.5% stake in OneCart but won't change its business model.
Pepkor: shouldn't earnings be higher?
Pepkor has guided for HEPS growth of at least 20% - I'm wondering whether "at least" is the key point here.
Sanlam and Absa to join forces in investments
Absa and Sanlam will combine their investment businesses to create a black-owned business looking after over R1 trillion in assets.
EOH's share price has finally caught a bid, but the company isn't making a dent in the R2bn debt balance.
Insimbi is the company you've never heard of, which has posted strong results.
Kaap Agri restructures the forecourts business
Kaap Agri is selling its stake in 21 retail fuel sites, as there are better uses for its capital.
Afrimat confirms bumper earnings
The benefit of higher iron ore prices is clear to see in Afrimat's latest trading statement.
Nampak is another great example of a JSE company that seems to have beaten the odds this year.
Capitec keeps bucking the trend
Despite economic hardship clearly coming through in the data, Capitec continues to grow earnings at an incredible rate.
Redefining the retail property sector
Redefine has released a great presentation highlighting retail property trends in the wake of the pandemic.
Distell's deal cocktail is still being mixed
Distell's deal with Heineken still isn't finalised. Shareholders have no choice but to be patient.
York delivers a major earnings recovery
York has made an explicit commitment to pay higher dividends unless there are attractive projects to invest in.
Adapt IT posts a drop in profit
Adapt IT is on the cusp of being taken private. The latest result won't go down as one of its best.
Barloworld's focused approach pays off
Barloworld's cash management through the pandemic has been exceptional.
British American Tobacco raising hybrid capital
BAT is raising EUR2 billion through an innovative structure. The risks in the prospectus were worth a read.
Indluplace internalises its admin
Indluplace has released an operational update with mixed news for shareholders.
Alviva's top-line hit by chip shortages
Alviva could only grow revenue by 1% in the year to June 2021. EBITDA and HEPS jumped sharply though, thanks to other initiatives.
Sibanye-Stillwater's must-read investor day
Sibanye's detailed presentations from last week's investor day are an incredible source of insight into the industry.
Transaction Capital's detailed pre-close update
Transaction Capital's portfolio is a diverse offering of businesses at different stages in their growth cycles.
Transaction Capital can’t get enough of WeBuyCars
Transaction Capital now has a clear pathway to 100% ownership of WeBuyCars by 2026.
Competition Commission goes from bad to worse
The Comp Comm has now entered the twilight zone, prescribing conditions for the BKSA deal that are ridiculous at best.
Mediclinic secures ESG-linked debt
The new kid on the funding block is debt funding with a rate that varies based on sustainability targets being met.
Caxton and CTP grows on key metrics
Caxton and CTP has been riding the small cap wave on the JSE and has made some solid capital allocation decisions.
RMI closes the value gap, but there's a sting in the tail
RMI is unbundling its stakes in Discovery and Momentum to help close the value gap. The rights offer isn't such great news.
Afrimat's track record is Hotazel
Although pressure on iron ore prices is hurting the share price, Afrimat's track record in M&A speaks for itself.
Rocomamas may be home of the Smashburger. It also released smashing results as the clear winner in the Spur Corporation.
Sibanye takes a meaningful step towards lithium
Serial dealmaker Neal Froneman is at it again, this time with a meaty deal in the US lithium market. I like it.
Growthpoint and Hyprop report earnings
When interesting property funds release earnings, it's well worth paying attention.
Jubilee successfully taps the market for capital
Jubilee has raised USD41.8m to increase its investment in the Zambian operations and execute an expansion plan.
Datatec achieves revenue growth of 15%
Datatec has extensive global operations, with Europe as its largest region. The remote working trend has been lucrative.
Universal Partners: Dentists, toilets and payroll
Universal Partners must have one of the most interesting and varied investment portfolios of any JSE-listed company.
Stor-Age's share price got carried away last year and has traded sideways this year, but the underlying business is strong.
Raubex is thoroughly enjoying the excitement in the construction sector and the results reflect that.
Karooooo announces a bolt-on acquisition
Karooooo grew its subscribers by 20% in the last quarter and has acquired 70.1% in systems partner Picup.
Vodacom is entering the Ethiopian market via a consortium deal that includes direct and indirect participation.
Famous Brands’ recovery is starting to sizzle
The restaurant group has released a voluntary update for the six months to August 2021.
City Lodge needs us to “get back to life”
City Lodge's occupancy rate is still too low, as the company hopes for people to get off Zoom and onto planes instead.
Life insurance has been a really tough business model over the past 18 months.
York Timber is profitable again
The trees might be falling but the share price isn't, as York registered a further 7.4% gain yesterday.
Only Libstar's cheese is laughing
If ever you wanted to see how painful it can be to have high input costs and low pricing power, read Libstar's results.
If shareholders approve the buyout and delisting of Imperial, it will be a loss to the JSE. The latest results prove it.
There’s still no firm offer for Tower
The RDC deal has taken a step closer to being real, but the buyer still needs to raise the funding.
Shoprite delivers for shareholders
Shoprite's focused strategy is paying off, as the group is becoming leaner and smarter overall.
AVI: the results aren't as tasty as the biscuits
Even with Strawberry Whirls in the product range, AVI could only manage 0.5% revenue growth.
Digging in the dustbin: Ascendis and Steinhoff
Steinhoff and Ascendis are two of the most speculative plays on the JSE at the moment. They both had the Monday blues.
Steinhoff's share price has been on a charge, but the Cape Town High Court is where perhaps the biggest risk is playing out.
Pressure is mounting on Apple and the Big Tech firms in general, as Apple seeks to appease regulators.
There was a lot of news over the past three days. In this article, I touch on as many important tidbits as possible.
Ascendis - is it a butterfly yet?
Ascendis has released its long-awaited restructuring announcement. It's generally good, but risks remain.
Tiger sells its Nigerian investment
Tiger Brands has decided to sell its Nigerian investment, marking another SA corporate that has shied away from Nigeria.
Stellar Capital has been a major disappointment for investors. Now, there's a take-private plan at a large discount to NAV.
Discovery grows earnings despite mortality provisions
Discovery's diversification has created a more resilient group, which has grown earnings despite higher mortality rates.
Sibanye-Stillwater achieves record cash flows
Sibanye-Stillwater is trading on an annualised dividend yield of 10% and underlying operations are performing well.
Blue Label continues to support Cell C
You can say many things about Blue Label Telecoms, but you can never accuse them of being boring.
Distell’s dividend can’t be served
Distell's potential deal with Heineken is still on the cards. As part of that negotiation, there's no Distell dividend this year.
Adcock's customers didn't catch a cold
This has been another year of sideways action for Adcock, although operating segment performance varied wildly.
DRDGOLD - fourteen years of dividends
DRDGOLD won't be top-of-mind as a dividend payer for many investors, yet the company has consistently generated cash.
Dis-Chem goes from strength to strength
Dis-Chem is about to open its 200th retail store. That milestone will be celebrated against a backdrop of great revenue growth.
Trellidor: more than security barriers
Trellidor is a JSE small cap that trades on a relatively high multiple despite low liquidity. There are good reasons why.
Shoprite: watch out for the extra week
Shoprite's focused strategy continues to pay off, although investors must interpret the latest results with care.
Bidvest locks in a strong recovery
Bidvest's share price recovery this year has been driven by solid growth in headline earnings.
Mr Price released solid numbers, but the market didn't agree. The share price dropped 6.5% in response to the update.
Massmart sells one ugly duckling
Massmart has managed to attract a suitor for its worst division. The next strategic priority has to be Game.
Standard Bank's results reflect underlying themes that have been common across the industry.
Sirius acquires more business parks assets
Sirius has acquired four more business park assets in Germany, along with a parcel of land for development.
Curro weighed down by expense growth
Curro's top-line has shown solid growth this year, but not enough to offset substantial growth in expenses.
Old Mutual sees operational improvements
Old Mutual's adjusted HEPS is up, but the same cannot be said for HEPS without those important adjustments.
DRDGOLD's earnings have doubled
DRDGOLD is highly sensitive to the gold price, which makes it a rollercoaster ride for investors.
Grindrod’s HEPS could creep into the green
Grindrod's core portfolio is performing well. Unfortunately, the group still has many non-core assets to dispose of.
Homechoice jumps on earnings release
Homechoice hasn't been the investor's choice, down over 3 and 5 years. Are its fortunes changing?
Absa's diluted HEPS is 7% ahead of interim 2019 numbers. Notably, the bank bucked the trend in trading income.
Distell, Cashbuild, Northam Platinum, Impala Platinum, Sasfin and Truworths all released trading statements yesterday.
Sasol has walked through the fire and survived. Is the best now over for shareholders, or does the company have more to give?
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Thungela keeps shareholders smiling
Thungela has given shareholders a 125% return in just over two months after being unbundled by Anglo American.
The Avengers: investment edition
Construction group Aveng is up 500% from its low of just 1 cent per share. Superhero references are appropriate.
Massmart is losing at this Game
The losses at Massmart are still enormous. How much more patience can Walmart possibly have with the business?
MTN is yellow but the share price is green
MTN has released its interim results, showing significant improvement in the balance sheet and most operations.
Master Drilling's results aren't boring
Master Drilling has achieved a solid earnings recovery vs. 2020 and is running ahead of 2019 numbers.
Nedbank’s core lending business leads a recovery
Nedbank's net income from lending activities grew 85%, helping to drive a strong earnings recovery vs. 2020's horrible numbers.
AdvTech's business model is working
AdvTech expects HEPS to be between 34% and 39% higher for the six months to June 2021, a strong result for the company.
Steinhoff settlement offer gets shareholders singing
Steinhoff's share price rocketed 23% yesterday on the news of support from some major creditors for a revised settlement offer.
Exxaro is primarily a coal and iron ore business, which has helped drive substantial growth in interim earnings.
Merafe's positive profit swing of R1.5bn
Merafe is on an annualised P/E of just 2x - this is a favourite of value investors at the moment.
Sasol has emerged into the light
Sasol is still trading on a modest P/E of around 5.5x despite recovering strongly in FY21.
AngloGold delivers poor results to shareholders
AngloGold disappointed on production and sales figures as well as costs. The share price took a hard knock accordingly.
Absa recovers to pre-Covid levels; Standard Bank and Nedbank lag
Absa's earnings are in line with 2019 numbers, while Standard Bank and Nedbank remain well down on pre-Covid levels.
Paper and packaging reporting bonanza
Sappi, Mpact and Mondi all released updates yesterday. Within the sector, Mpact has been the clear winner this year.
Telkom reaches an inflection point
It's official: Telkom has more homes connected to fibre than to copper. It's a great measure of the company's evolution.
WeBuyCars deal gets CompComm approval
Transaction Capital has obtained Competition Commission approval for the WeBuyCars deal, clearing a critical hurdle.
Nedbank: still way down on pre-Covid levels
Nedbank's HEPS is up around 150% vs. the first six months of 2020 but still 25% down on pre-Covid levels.
Huge Group released an abridged earnings report yesterday that reminded the market of a tough FY21 result.
Murray & Roberts wins North American mining contracts
Murray & Roberts is encouraged by the return of mining investment in North America, having been awarded two contracts.
Royal Bafokeng joins the dividend party
Royal Bafokeng is trading on an annualised P/E of below 3x and has declared a juicy dividend.
Curro's earnings get the red pen
Curro's revenues are up but headline earnings per share has crashed off the back of a huge rights offer in September 2020.
Orion Minerals pushes forward with Okiep
Orion Minerals has taken a huge step in its quest to become a major base metals producer in South Africa.
In the great HUG vs. ADI vs. Volaris fight, Huge has not emerged victorious. The Adapt IT shareholders sent a clear message here.
Without the Jet deal, the TFG share price would probably be a lot lower than it is today.
MTN's earnings are down, but significant de-risking in operations in Nigeria and the Middle-East helped drive the share price higher.
Nampak is winning the war on its debt
Nampak's debt ratios aren't just within the revised bank limits, but are now within the previous limits as well.
EOH is still juggling its debt
EOH has released a pre-close update which is a mixed bag. Margins are still strong but the debt balance hasn't been dented.
Sibanye-Stillwater is making further investments in battery metals, this time with a deal in France.
Ellies might have red branding, but the company no longer has a red bottom line.
Adapt IT - is there a Huge opportunity?
The clock is ticking. If you hold Adapt IT shares, you need to make your choice re: the Huge offer this morning.
Metair has maintained earnings momentum in the past six months and has released a trading statement.
Mustek's earnings are burning brightly
Mustek expects earnings to be at least 190% higher than the prior financial year, as this small cap keeps impressing.
Attacq's portfolio wasn't damaged in the riots, which positions the company favourably for a sector recovery.
Implats increases volumes and earnings
Impala Platinum has increased gross concentrate volumes by 15.6% and expects HEPS to be at least 20% higher.
Adapt IT shareholders must decide by 30th July whether to accept the Huge offer or ride out the Volaris offer.
Lighthouse shines towards France
Lighthouse Capital is a Mauritian-domiciled property fund that is making a significant investment in France.
AVI could only grow revenue by 0.5% in the year ended June 2021 but has at least grown HEPS by 5% - 7%.
So Kumba, Kumba, staaaaand by me
Kumba has doubled its revenue year-on-year and has added another massive dividend to the mining sector bonanza.
Liberty Two Degrees grinds out a dividend
Liberty Two Degrees has released results for the six months to June 2021 and is now trading on an annualised dividend yield of 6.4%.
Anglo American Platinum has declared a magnificent dividend, with yesterday's closing price reflecting a 19% annualised dividend yield.
Tiger Brands is deep in the Koo
Tiger Brands doesn't have an enviable food safety record. The latest issue pales in comparison to Listeriosis, but will still cost the company a fortune.
Merafe’s chrome shines brightly
The theme in mining at the moment is that production and prices are higher. It's no different for ferrochrome, to Merafe's benefit.
City Lodge checks out of East Africa
City Lodge will sell its interests in Kenya and Tanzania, raising R460m for the group and cutting substantial operating losses.
Famous Brands' through-the-cycle update
The food franchise group has released an operational update that includes comparatives to 2019. They tell quite the story.
The gap between corporates and small businesses continues to widen, as Distell posted a strong result under the circumstances.
Cashbuild delivers trading density growth
Cashbuild's sales growth has been driven almost entirely by existing stores and helped along by high product inflation.
At the current valuation multiples, you only need to believe that platinum group metals will be relevant until the next Olympics.
Netflix's demanding valuation is hard to watch
Netflix's free cash flow pressures have continued as I expected. Will the introduction of gaming help the company slow down the content creation treadmill?
Mr Price gives another civil unrest update
Mr Price suffered the loss of 111 stores, which the company intends to reopen based on specific circumstances of each store.
Transnet continues to be the fly in the soup
Port disruptions last week were understandable, but the underlying state of our rail network is creating longer-lasting problems.
Netstar gives fascinating data on the riots
The disruption to supply chains has been laid bare and the gap between big corporates and SMEs has surely widened as a result.
Mining houses on the right side of the cycle
BHP, Anglo American, Kumba and Anglo American Platinum released important updates showing the benefits of high commodity prices.
Truworths dragged down by UK business
Group sales growth of 0.5% is thanks to a decent performance in South Africa, as UK sales took a nasty 12.9% drop in rand terms.
Karooooo invests in its growth
Karooooo's EBITDA is down, but this is typical of growth stocks that are investing heavily in subscriber growth (which was up 22% in constant currencies).
Pick n Pay and Shoprite give their riot updates
The leading grocery retails suffered damage to as much as 10% of their footprints, but the supply chain capabilities have proven to be resilient.
Woolworths posts substantial growth in online sales
Taking a closer look at the Woolworths announcement shows how the online market in South Africa is still in its infancy vs. developed markets.
Lewis updates the market on damage
Lewis Group had to close over a third of its stores last week, with 7% of the footprint suffering lasting damage.
Ascendis gets a bite for the Animal Health Division
Acorn Agri is opening its wallet for the Animal Health Division in Ascendis, offering an implied P/E of 11.7x for the business.
Steinhoff offers creditors a higher settlement
Steinhoff is attributing a higher settlement offer to improved trading. Personally, I think it has more to do with recent legal setbacks.
Retailers suffered extensive damage
Massmart, The Foschini Group, Pepkor Holdings and Spar have all updated the market on the damage to their stores from the looting.
Standard Bank has made a meaty offer to buy the rest of Liberty, in a deal welcomed by major Liberty shareholders.
Redefine, Fairvest, Exemplar, Stor-Age, Safari, Oasis Crescent and Indluplace have all given damage updates.
Property funds count their losses
Resilient, Arrowhead, Dipula and Vukile have updated the market on the extent of the damage.
Famous Brands: the pain never ends
99 outlets have been damaged and are non-operational. These are direct losses for franchisees as small business owners.
Cashbuild suffers damage to 36 stores
Cashbuild's share price is up since Friday, as the market predicts demand for construction materials in months to come.
Mr Price gives the realistic view
Mr Price has bravely acknowledged the challenge of the road ahead with SASRIA and restocking stores.
US banking juggernauts report earnings
Trading revenue may have slowed down, but strong advisory fees have boosted Goldman Sachs in particular.
AngloGold aims to consolidate near Vegas
AngloGold Ashanti wants to consolidate operations in Nevada. It's a deal that makes a lot of sense.
Huge Group's shareholders have strongly supported the company's desire to own a slice of Adapt IT.
The debt may be restructured, but the pain isn't over. There could still be a capital raise on the horizon.
The parent company of Weber has filed to list in the US. They may have invented the kettle "grill" but we perfected the braai.
Prosus releases its prospectus
The real test now begins for Prosus. Will Naspers shareholders accept the offer? It ominously ends on Friday the 13th!
Renergen: masters of surprise gas
The P12 well was intended to be abandoned. Instead, gas is now flowing and there's a healthy amount of helium in it.
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The market loves Transaction Capital
A hot share price didn't put anyone off, as the market showed its love for Transaction Capital with a "multiple times oversubscribed" bookbuild.
The public vote on Prosus was closer than you think
Prosus will tell you that 90.1% of votes were in favour of the new structure. That doesn't tell the full story.
Zeder: less of a discount than you think
Zeder's share price is 30% lower than the sum-of-the-parts valuation. However, that valuation is missing some key costs.
Another JSE stalwart heads for the door
Imperial Logistics is the latest company that looks set to leave the JSE. It's a win for shareholders and a loss for the market.
Schroder is a property fund focused on Western Europe and listed on the JSE. The fund is cash-flush at the moment.
The market throws equity at Equites
Equites planned to raise R500m on the JSE to fund its pipeline. Demand was so high that the amount was increased to R1bn.
Harmony is the largest gold producer in South Africa by volume. The company has achieved its objectives for the recent financial year.
Appeal against Steinhoff withdrawn in Holland
As Steinhoff looks likely to return to the negotiating table with creditors, Hamilton won't be appealing in Dutch courts.
Attacq sells its logistics exposure
This is clever dealmaking. Attacq is reducing debt by selling logistics exposure at attractive prices.
Ellies achieves a non-dilutive B-BBEE deal
A B-BBEE deal with shares issued at a premium, no vendor assistance and a 10-year lock-in? Believe it. It's real.
The EOH rollercoaster continues
EOH is managing another PR mess, this time linked to a possible restriction on public sector work
Despite the pandemic, CSG Holdings posted another year of operating profit. This small cap has shown surprising resilience.
Chrometco is running out of road
Chrometco's businesses are either headed for business rescue or care and maintenance, as the group becomes a casualty of the latest lockdown.
Liberty is still finding its way
Although earnings are still heading in the right direction, a 20% improvement on a substantial loss is still a loss.
Tencent. Alibaba. The cheese is the growth potential in a huge market. The trap is the Chinese regulatory ecosystem.
Facebook updates its market cap status
Facebook has become the fastest company in history to reach the $1tn market cap milestone, but the antitrust fight is far from over.
Chinese ride-hailing app Didi debuted on the US market last week. In a shocking turn of events, Chinese regulators are now targeting the company.
Robinhood: the shovels for the gold rush
Robinhood is coming to market. The company has defined an era, providing the tools for an uprising of retail investors. It hasn't been smooth sailing.
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Tongaat's recovery story is coming under pressure. Will this be a sugar rush for investors, or a sugar coma?
RCL Foods made a decision years ago to diversify away from chicken. Shareholders have been thankful ever since.
Accelerate Property Fund believes long-term office vacancies are just 2.3%
Accelerate's office property valuation is based on long-term vacancies of 2.3% - a lot lower than current market realities.
Caxton impacts the Mpact share price
Caxton is making a play for Mpact, with the Mpact board finding out in the strangest way imaginable.
Nutritional Holdings remains fully committed to a "better late than never" disclosure strategy.
ArcelorMittal SA stuns the market
After a really tough few years and a major restructure, AMSA is reaping the benefits of high global steel prices.
Argent's HEPS chart is impressive
Argent's website might look outdated and dreary, but there's nothing dreary about the earnings.
EOH is taking aim at four former execs, suing each one for over R1.5bn under a variety of claims.
KAP has a diversified, integrated group with a variety of business units - a strategy that is paying off.
RMB Holdings - a property company with a confusing name
RMB Holdings has confirmed that these aren't the right economic conditions for selling properties.
After a year of significant corporate actions, Invicta has emerged with an improved balance sheet and the declaration of a dividend.
Etsy blazes an acquisition trail
US-listed Etsy is buying growth at quite a speed, announcing its second acquisition this month alone.
Cashbuild nails an earnings recovery
Cashbuild has released a trading statement that guides earnings growth of 100% vs. FY20 and 19% vs. FY19.
Glencore isn't afraid of the Big Bad Coal
While Anglo American bails out of coal as quickly as possible and BHP Billiton follows suit, Glencore is happy to pick up the pieces.
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Steinhoff's operations are improving but the balance sheet is still a mess and the litigation settlement is far from being a foregone conclusion.
Ascendis Health is selling Farmalider
Ascendis acquired Farmalider for R210m in 2015 and has now agreed to sell the investment for just R84m.
Crookes Brothers is one of few primary agriculture businesses on the JSE. The company has announced a substantial improvement in earnings.
An office property sector in crisis
Growthpoint's update is enough to send a shiver down the spine of any REIT investor, especially in office portfolios.
Old Mutual is unbundling a chunky part of its stake in Nedbank in a bid to unlock value for shareholders. The market liked it.
Nedbank reports lacklustre demand for debt from corporates
Demand for debt has been stronger among retail and business banking clients, thanks to low rates, with corporate clients preferring to deleverage.
Murray & Roberts' investor day
Murray & Roberts has a record order book, driven by Australian infrastructure spending. An investor day has revealed many details for investors.
Ascendis Health is keeping advisors busy
Ascendis Health's share price has almost dropped to where it was before the restructure was announced in mid-May, but progress has been made.
Long4Life looks set to unbundle the Sport and Recreation unit, but only once it has a few more acquisitions to its name.
Omnia's strong result and R6 dividend per share is being overshadowed by a R900m tax dispute with SARS, tucked away in the long-form announcement.
Curro terminated 5% of the learner base in January due to non-payment of fees. It's a stark reminder of what lockdown did to the middle-class.
Grindrod Limited’s stubborn discount to NAV continues
Grindrod Limited released a pre-close business update for the five months to May 2021, with a positive narrative overall thanks to activity in commodities.
Hudaco sees a recovery in earnings
Hudaco has announced a significant jump in interim profit, as operations return to normal vs. a nightmarish base in 2020.
An Apple a day doesn't keep antitrust away
Apple is now under investigation by German antitrust authorities. This is just the latest news in a long line of regulatory risks for the FAANG giants.
Ford and General Motors increase their earnings guidance
Despite supply chain challenges from chip shortages, Ford and General Motors have increased their second quarter earnings expectations.
Grand Parade Investments isn't going down without a fight, as the parties "engage with the Competition Commission" re: the Burger King decision.
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Sephaku is the latest company to add to the positive construction industry narrative that is becoming a feature of the market.
Property updates: Accelerate and Fortress
Investors in Accelerate and Fortress will have to be patient for more dividends, with both property funds unable to pay distributions, albeit for different reasons.
Imperial Logistics is acquiring Deep Catch, an integrated logistics business headquartered in Namibia. It's a wonderful case study for techniques used in structuring deals.
Arrowhead will work together with Fairvest
Arrowhead's independent board has assessed Fairvest's approach and determined that the firms should work together to propose a merger.
Bell Equipment: a company of few words
Bell's profitability seems to be recovering quickly, which activist shareholders will be watching with interest.
Mpactful investment in South Africa
Mpact has released a strong earnings update and confirmed that R500m has been earmarked for further investment in South Africa.
Irongate raises A$50m on the JSE
The Investec Australia Property Fund rebranded to Irongate Group in late 2020 and has successfully tapped the market for capital.
Is formal wear making a comeback?
Ted Baker isn't on the radar of SA investors, but the London-listed retailer has brought us some fascinating insights in its latest results.
Another Huge circular is upon us
Huge Group has released its Category 1 circular to shareholders. It's worth revisiting just how much paperwork there is in this Adapt IT bidding war.
Sanlam allocating more capital to SA
Sanlam is acquiring Alexander Forbes' Life business for R100m, thereby strengthening its position in the South African market.
Alexander Forbes has walked a difficult road but is upbeat about its new operating model.
After a monumental recovery year and an appreciable jump in the share price, Omnia is ready to make big decisions about capital allocation.
SAB Zenzele Kabili - our very own Gamestop?
The NAV of each Zenzele Kabili share is R60. The share price is R180. It's not hard to see the potential problems here.
MAGIC MARKETS PODCAST: Investing in Agri
Wandile Sihlobo is an expert on the agriculture sector in South Africa. His insights on the latest episode of Magic Markets are invaluable.
The architects of the Naspers / Prosus web are fighting battles on all fronts, as asset managers take the activist route.
SAB Zenzele Kabili has a net asset value per share of R60. The share price is R180 and even the directors are worried.
Super Group back on the right side of operating leverage
Super Group is expecting a substantial recovery in profitability as top-line growth returns to the business.
The Foschini Group and a year to forget
TFG will be thrilled to say goodbye to the FY21 financial year, a revolting experience for the clothing industry by any measure.
Hyprop and Vukile share prices rally
Hyprop and Vukile are retail-focused funds that are struggling with negative rental reversions. Still, the shares rallied in response to earnings updates.
Sanlam's impressive dividend history may return to form soon, based on strong through-the-cycle growth in the business.
Bidcorp's diversification pays off
Bidcorp is a global food service business. The diversified footprint is its greatest strength.
Sirius tweaks its balance sheet
Sirius is considering a raise of €300 million in senior unsecured bonds.
Stor-Age bucked the REIT trend
Stor-Age has withstood the pandemic and continued to grow its business.
The vertically integrated Life
Life Healthcare is set to indirectly benefit from the Alzheimer's treatment that has been approved by the FDA, but the company cannot currently quantify the impact.
EOH is trying to clean its house and pay for its mortgage at the same time. Under those circumstances, Sybrin has found a suitor.
Nutritional Holdings is suspended on the JSE. After several months of increasingly strange SENS announcements, there's a new development.
FirstRand benefits from welfare states
FirstRand is expecting a major profit recovery, assisted by lower impairments and better-than-expected economic recoveries in key markets.
The resource that people love to hate
Thungela Resources has commenced trading on the JSE and London Stock Exchange and came under immediate selling pressure as Anglo shareholders offloaded the exposure to coal.
David Hufton has taken the reins at Sygnia, inheriting strong asset and profit growth. Can Sygnia keep this up if the market goes sideways?
Sirius Real Estate Fund has released strong results but the share price shrugged them off. Read more to find out why.
Prosus invests 1% of market cap in Stack Overflow
Stack Overflow is one of the 50 most-visited websites in the world. Combined with high levels of user engagement, that was enough to catch the eye...
Mondi has signed a €750 million revolving credit facility, with the cost of debt varying based on achievement of certain sustainability targets.
Jubilee investors wagging their tailings
Jubilee Metals has been highly rewarding for shareholders, but it took a long time to happen. The company has announced an acquisition of more PGM tailings.
Coronation has bought more shares in Tower despite the company being under offer. What practical lessons can we learn from this deal?
Looking abroad: Tesla and Twitter
Tesla has lost market share and Twitter is offering dubious features as part of a subscription service. Big brands don't always mean big profits.
MAGIC MARKETS PODCAST: Venture Capital Views
The window for s12J investments is closing. In Episode 28 of Magic Markets, hosts The Finance Ghost and Mohammed Nalla get to grips with the s12J...
Stadio coughs up for CA Connect
Stadio's investment in CA Connect has far exceeded expectations, but an earn-out structure means that Stadio shareholders aren't reaping all the benefits.
Lucky Star. Unlucky hurricanes.
Oceana has navigated rough seas (literally) to grow HEPS by 4% and the interim dividend by 10%.
Broad pressure on broadcasting
Video may have killed the radio star, but the pandemic has nearly killed the radio business.
The Competition Commission Discount
How do you kill economic empowerment? It's easy - just widen the liquidity discount by blocking legitimate market sales.
Barloworld's share price has performed strongly in reaction to recent results, successful dealmaking and a decision to focus on key market strengths by the group.
Was the day darkest before Shoprite's Nigerian dawn?
Has Shoprite given up too soon on Nigeria? The retailer has exited the country just as African economies benefit from higher commodity prices and trade levels.
Alexander Forbes needs to cut expenses
Alexander Forbes has hinted at expense cuts, as the group struggles to grow profitability after selling the large short-term insurance business.
Sibanye-Stillwater buybacks will be larger than SA investments
Sibanye-Stillwater has announced a buyback programme for 5% of issued shares (over R9bn at current prices). That's larger than the R6.3bn investment programme in South Africa.
Bidvest is so diversified that it has winners and losers in every economic cycle. The narrative from the company gives us great insights into various sectors.
Delta means (and needs) change
Delta Property Fund is a rare example of when investors should read the auditor's report before anything else.
Famous Brands' cupboard is bare
Famous Brands has experienced the worst year imaginable. Does the future look any brighter?
Comp Comm says no to Pepkor's DIY project
The Competition Commission has recommended that the Pepkor - Cashbuild transaction be prohibited, a blow to both parties hoping to close a deal in this fast-growing...
Adcorp: no dividend as revenue drops sharply
Adcorp's profits have soared and cash collections are much higher, but the turnaround is far from over.
Invicta aligns with Chinese partners
Invicta is restructuring its Kian Ann investment to align with Chinese partners and unlock roughly R300m in cash to reduce offshore debt.
Standard Bank swimming between the waves
There are critical base effects in Standard Bank's latest numbers. By isolating April 2021, what can we learn about the economic recovery?
PODCAST: Magic Markets Ep27 Beyond the Multiples
The recent market sell-off has been painful for growth investors. In this episode, Craig Antonie of AnBro Capital Investments explains why the future still looks bright...
Nampak returns to profitability
The packaging group says dividends will remain suspended until it further reduces its debt.
Liberty Two Degrees encouraged by recovery
The property group says there has been a notable monthly improvement in its operational performance as customers return to malls.
Vukile to declared reduced dividend
The property fund says the start of its financial year coincided with the outbreak of Covid-19, resulting in rental relief for tenants.
Huge Group raises its bid for Adapt IT
The telecoms group has trumped an offer from Canadian firm Volaris with its higher offer but there is still no cash involved.
Test Pepkor reports higher earnings as it grows market share
The discount retail group benefitted from a strong operational performance and a lower interest bill.
Test Mr Price stages strong recovery
The value retail group has clawed back lost growth from the first half of its financial year as it grew its share of the clothing market.
Mr Price stages strong recovery
The value retail group has clawed back lost growth from the first half of its financial year as it grew its share of the clothing market.
Pepkor reports higher earnings as it grows market share
The discount retail group benefitted from a strong operational performance and a lower interest bill.
Lewis reports strong post-lockdown recovery
The furniture retailer ensured that its stores were well stocked to meet the post lockdown demand.
Life Healthcare weathers Covid-19 impact
The group has held back on an interim dividend due to the impact a potential third wave of the pandemic may have on its business.
Afrimat does well from diversified portfolio
The Demaneng iron ore mine was allowed to reopen early in the lockdown while Construction Materials and Industrial Minerals also staged a recovery.
Tharisa grows production into PGM rally
The company has raised its interim dividend after earnings soared due to higher output and higher metal prices.
Bytes beats forecasts with maiden results
The technology group was included in the FTSE 250 index in March due to strong demand for its shares.
Pepco Group rises on Warsaw debut
Shares of the European discount retailer gained 12.5 percent and were the most traded on the Warsaw bourse yesterday.
Zeder still mulling future strategy
The agribusiness investment company says it remains focused on growing its investee companies while it evaluates various third party approaches.
Arrowhead holds off on interim dividend
The real estate investment trust will make a decision at the end of its financial year as it preserves liquidity due to Covid-19.
Mediclinic agrees to Spire acquisition
The private hospital operator says it will use the proceeds to reduce debt as its global network recovers from Covid-19.
Coronation rides the market recovery
The fund manager says it outperformed across its key mandates as markets benefitted from central bank stimulus.
Datatec resumes dividends off a stronger financial base
The technology group says it has seen a structural shift in its business to software and services with growing annuity income.
Insurance overtakes tobacco in Reinet portfolio
The investment holding company has invested further win Pension Insurance Corporation while reducing its stake in British American Tobacco.
Reunert reports first-half recovery
The electrical engineering, electronics and ICT group says while its businesses have adapted, operating profit is not yet back at pre-Covid levels.
Alcohol and tobacco restrictions held back local sales growth but its international operations have raced ahead.
Telkom mulls dividends following a strong year
The telecoms group says next-generation technologies have overtaken other sources of revenue.
Netcare stages second-half recovery
While down on last year due to Covid-19, the healthcare group says its interim results show a strong improvement from the prior six months.
Nampak returns to profitability
The packaging group says it benefitted from the non-recurrence of a number of limiting factors last year.
Barloworld pays dividends as it turns a profit
The industrial holding company has resumed dividend payments, adding a special dividend to its first-half payout.
Momentum Metropolitan reports strong new business
The insurance group says the value of new business more than doubled in the first nine months of its financial year.
Richemont rallies to a new high on recovery
The luxury goods group says doubling its dividend is justified given its solid cash flow and the attractive long-term prospects for the industry.
Investec reports second-half recovery
The bank and wealth manager has reported a smaller-than-expected decline in full-year earnings.
Pan African reprioritises spending after positive year
The gold mining company wants to extend the life of its Evander assets and move forward with a pre-feasibility study at Mintails.
Afrimat expands into manganese mining
The commodities company says the development of Gravenhage will increase its scale in the ferrous-metal value chain.
Dis-Chem resumes dividends as it shakes of Covid
The discount pharmacy and healthcare group is preparing to help roll out Covid-19 vaccines to as many as 800,000 people a month.<
Builders Warehouse has done well due to DIY trends but sales at Game are down as shoppers avoid malls.
Tiger Brands cautious despite earnings recovery
The fast-moving consumer goods group says strong first-quarter growth tailed off in the second three months.
High feed costs ruffle Quantum’s earnings
The poultry and eggs group says a rise in the international prices of key commodities could not be recovered from customers.
Woolworths flags higher earnings
The retailer says profit will be more than a fifth higher, partly due to an improved trading performance.
Netcare warns of Covid impact on earnings
The private hospital group says its performance was hit by the second, more contagious wave of the pandemic.
Ninety One reports record funds despite net outflows
The fund manager has reported record levels of assets under management due to a strong investment performance.
Investec Property Fund weathers Covid-19
The fund has continued paying out dividends throughout the pandemic and says gearing levels leave it well positioned.
enX says trading activity is recovering
The industrial group says its first half performance was good considering the prior comparable period fell before Covid-19.
Indluplace defers dividend decision
The real estate investment trust will decide on shareholder payouts at the end of its financial year.
Tharisa flags a surge in interim earnings
The platinum and chrome miner says first-half profit will be about six times higher than last year.
RFG supported by international recovery
While sales were constrained by shipping and logistics challenges, its international operations returned to profitability.
Vodacom raises earnings target as data usage grows
The mobile network operator invested more than R10-billion in its local infrastructure last year as demand grew.
Heineken makes a move on Distell
The Dutch brewing giant is interesting in buying the majority of Distell.
Spar supported by Swiss and Irish operations
The wholesale and distribution group says its Southern African operations have been affected by changing consumer behaviour due to Covid-19.
Telkom boosted by mobile growth
The telecoms group will report a sharp rise in earnings as mobile service revenue grew and it paid less in severance and retirement packages.
Santova profits from disrupted shipping market
The trade solutions and logistics group says while volumes were down last year due to Covid-19 constraints, profit margins improved.
Astral impacted by higher maize prices
The poultry group says it is likely to continue to be affected by higher raw material costs, while bird flu outbreaks also pose a threat.
Balwin makes second-half comeback
Sales were supported by the development of an online sales portal and ongoing demand for its residential properties.
Altron creates value in tough year
Shareholders have benefitted from the demerger of Bytes UK and its pursuit of growth areas like cloud and IT security.
Dipula resumes dividend as it reduces debt
The real estate investment trust held back on a distribution for its 2020 financial year due to the potential impact of Covid-19.
The housing and memorial parks developer says its improved liquidity will help it weather further challenges.
An independent board has yet to opine on an all-cash takeover bid by Canadian firm Volaris.
The retail group has reported improving sales but will report a full-year loss after impairment its UK operations.
The final offer price implies a total equity value of its European subsidiary of about R85-billion.
Sasol sells Mozambique pipeline stake
The energy and chemicals group will receive as much as R5-billion for the 30 percent stake.
Redefine defers dividend decision
The real estate investment trust says its holding back until the end of the year as a precautionary measure due to Covid-19.
Spear declares dividend after tough year
The Cape-focused real estate investment trust says its resilient portfolio has maintained high occupancies in its portfolio.
Long4Life considers its options as earnings recover
The lifestyle investment group has not declared a dividend due to a share buy-back programme that may continue.
Absa flags big earnings recovery
Credit impairments have reduced after the blow out during the hard lockdown last year.
The fast-moving consumer goods group will report a sharp rise in earnings due to cost savings and after big impairments were not repeated.
The current management team of CNA is taking control at the same price Astoria paid for the stationery chain a year ago.
Steinhoff to oppose liquidation application
The former owners of Tekkie Town want their business or their money back.
Famous Brands hit with final GBK impairment
The restaurant group will report a full-year basic loss after the UK burger chain was placed into administration last October.
Brait gets court sanction for Virgin restructuring
The investment firm says measures taken will have a big impact on the sustainability of the health club chain.
Ascendis strikes deal with creditors
Ascendis Health will surrender its international operations to its lenders in exchange for clearing its massive debt burden.
Prosus to acquire more of Naspers
The two companies hope the move will narrow the big discount their shares trade at relative to their underlying value.
Lewis soars on earnings growth
The retailer says it maintained good momentum in merchandise sales while the health of its debtors book also continued to improve.
Transaction Capital targets bigger stake in WeBuyCars
The company has resumed dividend payments after the used vehicle e-commerce business contributed to a strong first half.
Curro acquires HeronBridge College
The private schools group says the acquisition is aligned with its intention to expand its geographical footprint and extend its education offering.
Pepkor to report bumper first half
A lower interest bill and improved trading have contributed to a big improvement in interim earnings.
Harmony benefits from higher gold price
The gold mining company encountered production issues and rising costs due to Covid-19.
Hyprop raises the maximum in oversubscribed book build
The real estate investment trust sold the maximum number of shares allowed under the authority of its shareholders.
The real estate investment trust has reported negative distributable income due to a big deferred payment liability.
Barloworld flags improve earnings
Apart from improved performances from its Equipment business, the group has benefitted from acquisitions.
Reunert returns to profitability
While it continues to be impacted by the Covid-19 pandemic, it says its overall financial results have improved notably.
Montauk seals European RNG deal
The agreement will result in its renewable natural gas used to make fuel for the European vehicle market.
Raubex rallies on rising order book
The construction and road-building group has reported a strong second-half recovery as it bulks up its order book.
AngloGold Ashanti cushioned by gold price
The gold mining company has reported a decline in first-quarter production as operations in Brazil and Ghana were impacted by Covid-19.
Novus rallies as it builds cash position
The print and packaging company says cash generation and careful cash preservation saw it end the year with more in the bank.
Adapt IT CEO takes time off as shares sag
The technology group says it has granted Sbu Shabalala a three-month leave of absence to sort out personal matters.
Clicks buys Pick n Pay pharmacy business
The health, beauty and pharmacy retailer says the acquisition will speed up the rollout of its nationwide pharmacy network.
NEPI Rockcastle plans to redomicile
The Central and Eastern Europe shopping centre owner says the shift to Malta would establish a more efficient corporate structure closer to its properties.
Liberty Two Degrees welcomes shoppers back
After retail turnover was impacted by lockdown restrictions at the beginning of the year, L2D has reported a much stronger March.
Calgro M3 reports improved second half
The housing and memorial parks developer will report a big rise in full-year earnings but a headline loss.
Net1 makes progress with strategy
While the Covid-19 impact in SA has reduced, the fintech and payments group has reported a quarterly loss due to its fixed cost base.
Alphamin reports record quarter
The tin mining company grew sales into a rising price environment for the metal.
The agriculture services group says retail sales have rebounded and retail fuel sales have also improved as Covid-related restrictions ease.
Sibanye-Stillwater delivers knockout quarterlies
Core quarterly earnings from its local PGM operations came in higher than the cost of buying them.
Gold Fields maintains guidance despite Covid impact
The South Deep mine in South Africa was affected by the second wave of the pandemic while Cerro Corona in Peru was impacted by unusually wet...
Sappi cushioned by rising dissolving pulp prices
The pulp and paper producer expects quarterly earnings to continue recovering from the impact of Covid-19.
Karooooo keeps up the momentum despite Covid-19
The holding company for vehicle telematics group Cartrack has presented its first results since its Nasdaq listing.
Its shares rallied on news of expanding profit margins as MTN South Africa catches up.
Transaction Capital back on track after Covid-19
The company expects to resume dividend payments this year as earnings return to pre-pandemic levels.
DRDGOLD declines on lower production
The mine tailings retreatment specialist says it will consider a final dividend despite planned capex this year.
M&R adds another contract down under
The specialist engineering and construction group is adding to its Energy, Resources and Infrastructure order book.
The company has renegotiated an option agreement and will buy Salene Chrome Zimbabwe in its entirety.
Steinhoff rallies on Pepco IPO target
The retailer plans could raise as much as 1 billion euros when it lists its European subsidiary in Poland on 26 May.
Equites lifts dividend after defensive year
The majority of its tenants remained operational throughout the year although it still provided short-term cash flow relief.
The automotive group attributes a second-half turnaround to its speed in right-sizing its operations as quickly as possible.
Value Group grows earnings in challenging environment
The warehousing, distribution and logistics group has withheld a final dividend as it prepares to buy out minority shareholders.
Jubilee Metals eyes Cypriot joint venture
The metals processing company has six months to assess the merits of copper and gold waste processing on the island.
AMSA on the hunt for a new CFO
Desmond Maharaj is leaving the steelmaker to pursue personal opportunities after less than three years in the position.
Lime sale eases pressure on PPC
The cement producer may not need not need to raise capital from shareholders as it strengthens its balance sheet.
Quantum warns of earnings decline
Its eggs business will report a first-half loss due to the disproportionate rise in input costs against the increase in egg prices.
Italtile CEO to retire in planned move to Europe
The company has already named a replacement due to a succession plan that has been five years in the making.
Sanlam to increase stake in SAHAM
The insurance group says increasing its stake will enable it to explore broad partnerships to support growth in North and Francophone West Africa.
Trading improves as Attacq addresses debt
The retail estate investment trust has repaid euro debt and is refinancing a syndicated loan which matures next year.
RFG to report big rise in earnings
Despite a dip in turnover due to ongoing Covid-19 restrictions and congestion at the Cape Town harbour, earnings will be significantly higher.
The platinum group metals group says it continues to demonstrate resilience amid the ongoing challenges presented by Covid-19.
Stenprop reports record leasing as MLI demand grows
The property group has managed to capture strong rental uplifts due to increased demand for its multi-let industrial estates.
Trematon grows education business
The investment holding company says its General Education business is growing faster than expected, resulting in extra costs.
Ascendis extends talks with lenders
The pharmaceuticals and healthcare group says an announcement on its recapitalisation deal will be made as soon as negotiations are finalised.
Investec Property Fund disposes of European industrial asset
The fund plans to focus on its SA and Pan-European logistics portfolios.
Sasol flags an improved performance
The energy and chemicals group has repositioned itself for sustained profitability in a low oil price environment.
Fairvest makes overture to Arrowhead
The property investor says it received separate approaches from Arrowhead investors to take a stake in the fund.
Glencore on track to meet full-year target
The commodities mining and trading giant says first-quarter output was broadly in line with its expectations.
Tongaat slumps on debt, sugar production loss
The agri group says its lenders have agreed to extend a deadline for it to reduce debt or face a default.
AfroCentric boosts pharmaceuticals portfolio
Subsidiary Activo is buying Exeltis SA, which has a strong pipeline of new products.
South32 boosts cash after strong performance
The diversified mining company has reported production records at Brazil Alumina and Australia Manganese and benefitted from improving commodity prices.
Astral guides on earnings decline
The poultry group has been affected by higher feed costs and constrained consumer spending, exacerbated by Covid-19.
Altron impacted by Bytes demerger
The technology group will report lower headline earnings after it unbundled the UK business to its shareholders.
Life Healthcare cushioned by global operations
The private hospital group says strong demand for scans has buoyed its international operations while Southern Africa is recovering.
Home office demand boosts Pepkor
The retail group reported a strong rise in demand for furniture and electronics as South Africans prepared to study and work from home.
Mahube explores restructuring options
The energy infrastructure company is looking for ways to grow its asset and capital base.
Growthpoint dismisses bid for Globalworth
The property group says it agrees with the assessment by an independent committee that the takeover offer is too low.
The healthcare and pharmaceuticals company has until 30 April to agree on a recapitalisation or its creditors will close in.
Steinhoff proceeding with Pepco IPO
The embattled retail group will list its European subsidiary on the Warsaw Stock Exchange, releasing at least 15 percent of its shares.
Imperial broadens BEE ownership
The logistics group says the deal will make it more competitive as it positions itself as a gateway to Africa.
Absa appoints interim FD following CEO departure
Financial director Jason Quinn has replaced Daniel Mminele as an interim measure.
Emira shareholders receive mandatory offer
The offer has been made at a significant discount to the net asset value of the property fund.
Support builds for Adapt IT takeover
Shareholders representing more than 44 percent of its shares plan to back an offer by Canadian firm Volaris.
Standard Bank still impacted by pandemic
First-quarter mortgage disbursements continue to be strong and well ahead of the same period last year.
Clicks in fine health despite Covid
The health and beauty retailer says shopping patterns have changed as a result of the pandemic.
Anglo production back on track
The diversified mining giant has trimmed coal production for 2021, partly due to the demerger of its SA thermal coal operations.
Recovering Netcare cautions on third Covid wave
Interim earnings will be lower but will show a big improvement from the second half of its last financial year.
AngloGold declines additional Tropicana stake
The company wants to be disciplined in its capital allocation, increasing gold reserves from exploration on existing mine sites.
Motus buys the rest of Renault SA
The automotive group says the R250-million acquisition will enhance operational synergies and unlock value.
Pick n Pay benefits from Project Future
Despite the impact of Covid-19, the retailer says its core SA food and grocery business delivered a market-leading performance last year.
Octodec holds back on dividend due to Covid-19
The real estate investment trust says it will consider its profitability, solvency and liquidity at year end before deciding on a payment.
Karooooo completes trek back to the JSE
The holding company for Cartrack has retained most of its investors following its listing on Nasdaq.
Kaap Agri rises on profit forecast
The agriculture services group expects interim earnings to be more than a fifth higher than last year.
RBPlat reports higher first-quarter production
The platinum miner is sticking to its full-year guidance notwithstanding the ongoing Covid-19 uncertainty.
Quilter Investment Platform achieves record sales
The wealth manager expects the revamped investment platform to be transformative for the business.
PSG battles to narrow stubborn discount
The investment group says it is pursuing initiatives to unlock value for shareholders to the extent possible.
Long4Life hires Investec to help improve shareholder value
The lifestyle investment company has reported an improved second half as its operations recovered from the impact of the hard lockdown.
Etion sells Lawtrust to Altron
The digital technology investment company is selling the business for more than its current market value.
Absa and CEO Daniel Mminele part ways
Mminele is leaving on a no-fault basis following differences with the board on matters of strategy and culture transformation.
Afrimat reaches new high on profit forecast
Favourable iron ore prices resulted in exceptional profit growth at its Bulk Commodities division.
Distell holds up in the face of liquor bans
The drinks group says its SA business has been resilient, while operations outside the country have done well.
Steinhoff seeks consent for Pepco listing
The retailer resumed an IPO evaluation process for its European subsidiary in January.
Cashbuild continues strong sales trend
Sales for the three months to end-March are in line with those reported for the first half of its financial year.
Murray secures new Australian contract
The specialist engineering and construction group will contribute to the brownfields expansion of the Tanami gold mine in the Northern Territory of Australia.
Investment house RECM and Calibre distributed the bulk of its Astoria holding to shareholders, creating liquidity in the stock.
Imperial sells South American shipping business
The logistics group is narrowing its focus to Africa and businesses serving the continent.
Cartrack shareholders opt for reinvestment in Karooooo
Less than 2 percent of shareholders chose to take the cash while the rest will get 1 Karooooo share for every 10 Cartrack shares held.
The tile and sanitaryware manufacturer and retailer says if conditions continue, earnings may be more than 70 percent higher.
Mediclinic cautions on third Covid wave
The private healthcare services group says a new wave of the pandemic in Europe will slow its recovery.
Spanjaard rallies on possible buyout
Shareholder Spanjaard Group may make an offer to buy out minority shareholders in the lubricants and chemical products group.
RDI shareholders back buyout offer
The UK and German-focused real estate investment trust is being bought by strategic shareholder Starwood Capital.
Octodec defers dividend decision
Due to Covid-19 uncertainty, the property group will wait until publication of its full-year results before making any decision on its 2021 distribution.
RAC prepares for Astoria distribution
Following the distribution, RECM and Calibre will be left with a majority stake in Goldrush as its biggest investment.
The industrial group says the disposal represents an attractive opportunity to monetise its investment at a decent valuation.
Merafe reports improved production
The company, which shares in a joint venture with Glencore, attributes the rise in output to production efficiencies.
PSG Konsult weathers Covid-19 challenges
The financial services group says it was able to operate successfully in a challenging environment due to investment in its systems.
Following a shift in strategy, the investment holding company says it has had a number of approaches from third parties keen on its assets.
Covid-19 disrupts Hulamin recovery
The aluminium products manufacturer says the lockdown in SA and across the globe impacted sales of all products last year.
Bell falls into a loss due to Covid-19
The maker and distributor of articulated dump trucks and agricultural machinery may receive an offer to buy out minorities.
Finbond buys stake in US lender
The mutual bank and microlender says the deal will enhance its dollar earnings and expand its digital offering to more US states.
EOH makes progress with turnaround
The technology services group has reported a decline in revenue after selling some businesses but says earnings are of a better quality.
Capitec doubles dividend as earnings recover
After a tough first half, the bank says earnings recovered in the second six months as it grew customer numbers and its digital offering.
Raubex reports second-half recovery
The construction and road-building group has reversed a first-half loss as all three divisions returned to profitability.
The platinum and chrome miner says production has been resilient despite extreme weather conditions and the ongoing impact of Covid-19 restrictions.
Schroder says Seville centre may breach banking covenant
The real estate investment trust says the Metromar centre is about to be revalued and it is working with its lending partner.
Renergen comes clean on mystery customer
The company halted trade in its shares in Australia after a market announcement fell short on disclosure.
Hammerson confirms it may sell its retail parks
The shopping centre owner is disposing of some of its properties in order to reduce debt.
Renergen strikes deal with auto supplier
The emerging helium and natural gas producer will supply helium to inflate car airbags.
The German-focused real estate growth says its rental roll and cash collection remained resilient despite Covid-19.
BHP joint venture files for bankruptcy protection
Samarco has filed for a judicial reorganisation to keep creditors off its back to it can continue operating.
Ellies granted liquidation order
The consumer and commercial electronics group applied to liquidate its manufacturing division after cutting financial assistance.
Alphamin rises on record earnings
The tin mining company has benefitted from record tin sales and a higher price for the metal.
Exxaro sells non-core coal assets
Exxaro Coal Central has been sold to privately owned BEE company Overlooked for an undisclosed sum.
Purple Group supported by EasyEquities
The online trading and investment platform has more than half a million funded retail accounts, with platform assets almost at R27-billion.
RMH rallies on special dividend
The investment holding company is returning capital to shareholders that had been set aside for a Romanian property development.
Covid-19 keeps Hulamin in a loss
The aluminium products manufacturer says the Covid-19 lockdown disrupted an expected recovery in its performance last year.
Investec Property Fund sticks to payout target
The property fund says distributable earnings for the year will be down but its payout ratio remains the same.
Prosus closes Tencent block trade
The consumer internet group sold a stake in the Chinese internet and gaming giant to help fund its growth businesses.
Alcohol ban costs Pick n Pay billions
The supermarket group says its full-year results will show a market-leading performance on core sales.
Prosus to reduce Tencent stake
A three-year lock-up since Naspers last reduced its stake in the Chinese internet and gaming giant recently expired.
Purple Group flags bumper earnings
The fintech company has scaled up its EasyEquities investment platform and benefitted from new partnerships.
Rebosis rallies on investor talks
The property fund says a successful outcome could crystalise value for its shareholders.
De Beers reports slowing diamond sales
The Anglo American subsidiary says demand remains solid as the industry enters a traditional quieter period for sales.
Volaris plans to use Adapt IT as its African champion for future transactions driven by the local management team.
Eastplats hires new CFO as production ramps up
Wylie Hui previously served as the CFO of several publicly listed mining companies and provided consulting and CFO services to numerous public companies.
Sygnia to list its ETFs on A2X
The exchange says the cost-sensitive instruments will benefit from its cheap trading platform.
Aveng taps investors for more cash
The engineering and construction group says shareholders indicated they wanted to invest more.
Advanced Health wraps up rights issue
The day hospital group raised capital to help relieve cash flow pressure exacerbated by Covid-19.
Quilter simplifies its business with international sale
The wealth manager says it may return the majority of the proceeds from the disposal to its shareholders.
Financial director Fulufhedzani Ravele has resigned as the company works towards production at its Virginia Gas Project this year.
Cartrack raises cash ahead of Nasdaq debut
The vehicle telematics group has sold over a million shares pursuant to its initial public offering
Airbnb vice president for worldwide sales operations and geographies Romain Voog will replace Martin Scheepbouwer at the classifieds business.
Life Healthcare completes Scanmed sale
The private hospital group decided to sell its Polish business due to a shift in strategy.
Nampak encouraged by trading results
The packaging group says its financial performance is largely in line with expectations, despite Covid-19 restrictions.
Ascendis debt mars first-half performance
The pharmaceuticals and healthcare group reported an interim loss despite a strong operational performance.
The cement producer has strengthened its position after reaching an agreement that removes the exposure of its SA business to DRC debt.
Super Group bulks up its Australian fleet business
Subsidiary SG Fleet has acquired the Australian and New Zealand business of LeasePlan, a fleet management and leasing services group.
Workforce reports improved second half
While full year revenue and earnings fell due to Covid-19, the group says most divisions bounced back after a difficult first half.
Balwin recovers from tough first half
The residential property developer says sales were supported by its online sales platform and record low interest rates.
Gemfields sinks into a loss due to Covid
The precious stones group believes the tough decisions taken in 2020 position it for an optimal recovery this year.
Mr Price gets Power Fashion go-ahead
The transaction to acquire the 170-store retailer becomes effective tomorrow after it received competition authority approval.
York Timber is back in the black
The timber company generated more cash from its operations as it managed its stock levels more efficiently.
TeleMasters optimistic despite first-half loss
The technology investment company was impacted by more customers working from home and some closing their businesses entirely.
Despite reduced revenue, the technology group benefitted from cost-cutting following a restructuring of its operations.
SA Corporate Real Estate revalues portfolio
The real estate investment trust says divestments over the past year have placed it in a position to make a distribution.
Renergen rallies on wild-card results
The emerging helium and natural gas producer says tests from well samples show higher helium concentrations.
Orion Minerals raises estimates at Okiep
The exploration and development company is performing due diligence after acquiring an option agreement on the copper project.
The metals recycling company will report improved full-year results despite a weaker first half.
South32 pushes out end date for coal sale
The diversified mining company says work is progressing to finalise arrangements that will underpin the sustainability of the business.
Kibo sets date for MAST listing
The company plans to take advantage of demand for reserve power to back up the renewable energy market.
Advanced Health reports rising turnover
The day hospital group says its facilities have become safe havens for specialists to operate in.
Pandemic rains on Grand Parade
With restrictions on casinos for much of the period, the investment group reported a loss for the six months ended December.
Invicta in talks over Kian Ann
The industrial investment holding company says a positive outcome could have a material effect on its share price.
The investment holding company says its Queenspark chain of clothing stores reported a first-half loss.
Eastplats reports improved operational performance
The platinum and chrome retreatment company has swung to a loss due to higher non-cash finance costs, forex losses and a legal settlement.
Remgro earnings hit by Mediclinic and FirstRand
The investment holding company says the rest of its portfolio had a resilient performance during the Covid-19 pandemic.
Sabvest rallies on NAV improvement
While most of its investee companies are paying interest and dividends again, Sabvest has reduced its dividends for the first time in 20 years.
Ascendis prepares investors for a first-half loss
The healthcare and pharmaceuticals group says its net finance costs more than doubled in the six months to end-December.
The technology services group says it has made progress in reducing its debt and exiting some legacy contracts.
Magda Wierzycka will remain a non-executive director and shareholder of the multi-management company she co-founded in 2006.
HomeChoice reports profit drop due to Covid-19
The direct marketer and FinTech company reduced its credit risk and was also impacted by sales of lower-margin goods last year.
Super Group rises on possible deal
The Financial Review said SG Fleet may acquire the Australian fleet vehicle leasing business of LeasePlan.
EastPlats completes plant reconfiguration
The platinum producer says the move will help it ramp up production at a time of increasing demand and rising prices.
RAC prepares to distribute Astoria to shareholders
The investment company says an application will be made to the JSE to lift the suspension on Astoria following the unbundling.
Old Mutual delivers dividend despite Covid pressure
The insurance group says it remains well capitalised and many of the costs if faced last year were one off in nature.
AdvTech declares dividend after resilient year
The private education group shifted 75,000 students to online tuition as SA went into lockdown last year.
Resilient sticks to distribution policy despite Covid challenges
The real estate investment trust says it is not in a position to provide dividend guidance due to the ongoing uncertainty.
Master Drilling impacted by Covid-19 lockdowns
While revenue has been hit by the pandemic, the drilling specialist says cash generation was much improved and its order book is steady.
Attacq holds back on distribution
The real estate investment trust wants to maintain maximum liquidity due to the ongoing impact of Covid-19.
Alaris gets off to a strong start
The group credits organic growth for its strong performance but is diversifying with the acquisition of Linwave Technology.
Investec Property Fund declares interim payout
The fund says the performance of its SA portfolio recovered marginally in the second half of its financial year.
Investec sags on profit warning
While conditions have improved, the UK and SA bank and wealth manager says it will report a decline of up to 29 percent in full-year earnings.
Caxton impacted by magazine closures
The printing and publishing group has booked an impairment due to the permanent decline in magazine and newspaper publishing.
Northam boosted by rising metal prices
The platinum mining company will continue buying back its Zambezi preference shares rather than paying an interim dividend.
RMB Holdings scraps Romanian investment
Shares of the investment holding company rallied after it said it would return the funds set aside for the investment to shareholders.
Exxaro declares special dividend
The resources group will return some of the proceeds of the sale of its Tronox stake to shareholders, while buying back its own shares.
The automotive components and energy storage group reported a strong rebound in its second-half performance.
York Timber returns to profitability
The forestry company says first-half earnings this month will show a big recovery in earnings and significantly higher cash generation.
Master Drilling sags on profit warning
The drilling services company says many of the countries it operates in have imposed restrictive measures due to the Covid-19 pandemic.
ARC raises Rain’s value on data surge
The data network company benefitted from demand for data last year as it grew its customer base.
Libstar maintains final dividend
The group reported stable cash flows as a rise in retail sales made up for a decline to the food service industry.
Credit losses swelled to R146-million last year after Covid-19 impacted the ability of families to pay for tuition.
The software, security and cloud services specialist says its performance is likely to be ahead of market expectations.
Remgro held back by FirstRand, Mediclinic
The investment holding company says the rest of its portfolio had a resilient performance during the Covid-19 pandemic.
The financial services investment holding company has reported a rise in first-half earnings thanks to its OUTsurance subsidiary.
KAP Industrial reports good performance
The industrial holding company says projected levels of economic activity and consumer demand should support it for the rest of the year.
Shoprite benefits from market share gains
The retailer says its Supermarkets RSA business has achieved 22 months of uninterrupted market shares gains.
Pandemic ruffles Astral’s earnings
The poultry and feeds group was not able to recover higher feed input costs in the selling prices for its chickens.
South Ocean turns profitable on cable shortage
The company took advantage of a shortage of electrical cables following the hard lockdown of last April and May.
Sirius buys another business park
The German-focused real estate company has bought five assets since the beginning of January.
The engineering and construction group says there was wide support from shareholders, who indicated more cash may be available.
Sun International in a loss due to Covid
The hotel and casino group says it will take some time for its trading results to recover due to the impact of lockdowns on its operations.
Mr Price goes upmarket with Yuppiechef deal
The group is targeting a higher LSM customer base with the acquisition of the kitchen and homeware retailer and wholesaler.
Stadio overcomes Covid challenges
The private tertiary education group has grown revenue and core headline earnings but reported a basic loss due to once-off costs.
Cartrack prepares for Karooooo listing
Minority shareholders will be entitled to subscribe for 1 Karooooo share for every 10 Cartrack shares held.
AdvTech gets a pass rate for 2020
The private education and resourcing group will report higher normalised earnings for the year despite the challenges of Covid-19.
Hammerson loss widens on Covid
The shopping centre owner has written down the value of its properties following the biggest fall in net rental income in its history.
Woolworths winds up Australian property disposal
Proceeds from the sale of the Elizabeth Street store will pay down debt as part of a bigger balance sheet restructuring.
EPP concludes Power Parks deal
The Polish retail property group has added 110,000 square metres to its portfolio with the addition of the four retail parks.
The IT security specialist says full-year profit will be at least 20 percent down on last year.
MTN Nigeria buys more spectrum
The network operator says the additional spectrum will support the deepening of broadband penetration in its biggest market.
Covid-19 devours Famous Brands’ sales
The restaurant group says its operations have been impacted to varying degrees by national lockdowns.
Brait provides Virgin Active with more financial muscle
The investment firm says Virgin Active Europe has lost a quarter of its membership base as a result of Covid-19 lockdowns.
Aspen in robust shape as it tackles debt
The specialty pharmaceuticals debt says it remains committed to the reintroduction of dividend payments.
MTN suspends dividends as it tackles debt
The mobile network operator plans to resume dividend payments this year and may declare special dividends too.
Ascendis given ultimatum to reach a deal
If a recapitalisation arrangement is not reached by the end of April, its lenders may close in.
Growthpoint declares dividend after tough first half
The property group says it is committed to continuing paying dividends twice a year so it can retain its REIT status.
Master Drilling takes stake in disruptor
The drilling services company says AVA is aligned with its strategy to diversify its services and invest in new opportunities.
EPP remains prudent with dividend
The biggest retail landlord in Poland is bullish on its prospects but wants to retain capital due to Covid-19 challenges.
RBPlat declares dividend after record year
The platinum group metals miner has declared a maiden dividend a decade after listing on the JSE.
The technology group advised shareholders to wait for guidance on a takeover bid as it unveiled improved earnings.
Capital & Regional hit by UK lockdown
The community shopping centre owner says with non-essential retailers shut, less than a third of its stores are operational.
Renergen rises on wild-card gas strike
The flow rate from the P007 well was higher than almost all other existing wells in the permit area.
Motus acquires stake in getWorth
The automotive group says the acquisition will fast-track its positioning in on-line vehicle buying and warehouse retailing.
Diversification pays off for Afrocentric
The investment holding company benefitted from the integration of its Retail Segment in the six months ended December.
Massmart plans more disposals as it stabilises its business
The group plans to sell Cambridge Food, Rhino and Massfresh as it focuses on categories in which it has a leading position.
Special dividend from AVI as it cuts debt
The fast-moving consumer goods group says while it still feels the impact of Covid-19, demand is shifting.
Metrofile still hopeful on buyout talks
The group says discussions with the Housatonic consortium are likely to resume, as it delivered growth in first-half earnings.
Old Mutual warns of earnings decline
The insurance group has increased its Covid-19 provisions by close to R4 billion after earlier provisions proved to be insufficient.
Capitec reports second-half recovery
The bank says headline earnings per share improved in the second half of its financial year as the economy reopened.
Sun International flags loss due to Covid-19
The group has written down the value of some local operations after they were closed for an extended period during the lockdowns.
Mpact ends 2020 in strong position
The paper and packaging group has generated record cash, strengthened its balance sheet and bought back undervalued shares.
Trellidor unlocks strong first half
Assuming the economy remains open and consumer confidence is sustained, the company expects full-year sales to be well up on last year.
Growthpoint guides on lower distribution
The REIT says its board will take the likely impact of Covid-19 as well as its liquidity requirements into account when deciding on its payout.
Jasco to report an improved performance
The technology group will report an operating profit and a reduced headline loss per share for the first half of its financial year.
Fairvest remains resilient despite Covid-19
The property investment holding company says its full-year distribution may be higher than its 2020 payout.
Momentum Metropolitan declares dividend after tough period
The insurance group has increased its provisions while claims have shot up due to Covid-19.
The short-term insurer is not paying a final dividend after earnings tumbled as a result of Covid-19.
Grindrod reports solid operating performance
The freight, logistics and financial services group says its core operations performed well despite Covid-19.
Sasfin takes cautious approach
Despite returning to profitability, the business bank and financial services group is remaining prudent by withholding an interim dividend.
ARM doubles dividend after strong first half
The diversified minerals group says commodity prices are expected to remain robust, supported by economic activity in China and Covid-19 stimulus measures.
The specialist engineering and construction group says it should return to profitability in 2022 and beyond.
Standard Bank flags lower earnings
The banking group says its 2020 profits could halve from a year earlier due to the impact of Covid-19.
Brimstone reports Covid-induced loss
The black-empowered investment group has reduced its debt after disposing of a portion of some of its holdings.
Cashbuild cashes in on DIY trend
The building materials retailer has more than doubled first half profit due to favourable trading conditions and diligent execution.
Spur adds drive-thrus as sales decline
After reporting a big drop in first-half sales, the restaurant group is extending its format to cater for the new reality of Covid-19 dining.
The construction group has been negatively affected by more unidentified costs to complete a big roads project in Melbourne.
Caxton warns of lower earnings
The printing and publishing group says it continues to feel the ripples of the Covid-19 lockdowns.
Wescoal rallies on extended bid
A consortium including RBFT Investments plans to buy up to 116-million Wescoal shares due to the prospects for the coal miner.
Bidvest earnings gets hygiene boost
The industrial group says it is future-fit following a clean up of its portfolio of businesses.
Hyprop holds off on dividend for now
The property group says it will make a decision on its payout at the end of its financial year as it strengthens its balance sheet.
Strong performances from Sugar and Banking have offset a weaker showing from Chicken as the good group conducts a strategic review of its portfolio.
Sea Harvest stays afloat despite Covid-19
The seafood and fisheries group says it benefitted from an increase in in-home consumption but Aquaculture exports took a knock.
Alviva grows earnings in uncertain environment
The technology group says full-year earnings should show an improvement on last year and it is well positioned for a recovery.
Steinhoff reports mixed impact from Covid-19
The retail group says Pepkor Africa and Pepco continued to perform well due to the everyday value focus.
Value Group to proceed with delisting
The warehousing, distribution and logistics group says it does not make sense to remain listed as its shares barely trade.
Blue Label resilient in adverse environment
The company is optimistic that network operator Cell C will be able to successfully implement a recapitalisation.
City Lodge battles to get bums in beds
The hotel group anticipates a slow recovery in the hospitality sector but says the vaccination programme should lead to improved travel confidence.
MTN Syria placed under guardianship
The network operator denies allegations that it has breached its licence conditions and plans to appeal.
AB InBev impacted by alcohol bans
The global brewing giant expects a better 2021as consumers adapt to ongoing Covid-19 restrictions.
Woolworths makes progress with turnaround
The retailer has grown first-half earnings, supported by strong sales at its food division.
JSE benefits from Covid-related volatility
The stock and bond exchange operator also attributed higher earnings to its investments in technology and skills.
Market volatility mars Discovery’s performance
The financial services group says it was affected by a stronger rand and higher interest rates as it raised Covid-19 provisions.
Adcock suffers from lack of colds and flu
The pharmaceuticals group says sales of cold and flu medication, as well as hospital products, remain under pressure.
AECI supported by diversification strategy
The chemicals, fertiliser and explosives group has maintained its 2020 dividend due to its solid financial position.
Distell grows earnings despite alcohol ban
The drinks group is holding back on dividends due to uncertainty but will review its position after June.
TymeBank attracts global investors
The digital bank, owned by African Rainbow Capital, plans to use the cash to fund growth in South Africa and enter the Philippines.
Kumba delivers record earnings despite Covid impact
The iron ore miner produced less metal last year but benefitted from efficiencies and higher export prices.
Harmony says it is no longer marginal
The gold mining company says its growth strategy of the past five years has resulted in a diversified and de-risked asset portfolio.
Bidcorp confident of recovery as restrictions ease
The food services company has withheld an interim dividend but says market conditions should rebound as social restrictions are lifted.
Imperial earmarks more international disposals
The logistics group says its Logistics International operation is not core to its Gateway to Africa strategy.
The automotive group has scaled its business to adapt to the new economic circumstances.
Liberty Two Degrees says shoppers are returning
The property group says turnover at its shopping centres recovered to 91 percent of 2019 levels in the final quarter of last year.
Grand Parade seals Burger King deal
The investment group is selling some of its holdings as it tries to create more value for shareholders.
AngloGold aims for higher production
The gold mining has more than quadruped its annual dividend as it benefitted from a higher gold price and a more efficient portfolio.
Amplats wants mechanised mines to boost output
The mining company reported record earnings for 2019 as it benefitted from a strong rise in prices for its metals.
The banking group has already warned that a dividend is unlikely after the SARB advised banks to conserve capital.
Massmart to close more stores as it prepares for another loss
The retail and wholesale group plans to close an additional 14 Masscash stores as it tries to return the division to profitability.
Harmony Gold prepares for shining results
The mining company has benefitted from increased production, a higher rand gold price and its bargain purchase of the Mponeng gold mine.
Bidcorp buffeted by second Covid wave
The food services company says a recovery at its operations in Europe and the UK was cut short by the second wave of the pandemic.
Steinhoff rises on Pepco results
The discount European retailer has reported higher sales but lower earnings due to the impact of Covid-19 on its stores.
Santam earnings hit by Covid-19 claims
The short-term insurer says Contingent Business Interruption claims have had a significant adverse impact on its underwriting results.
Higher gold price supports payout from Gold Fields
The gold mining company has trebled its annual dividend as CEO Nick Holland prepares to retire.
Sibanye-Stillwater delivers record earnings
A strong operational performance coincided with stronger metal prices and a weaker rand.
Truworths holds up under Covid-19 pressure
The retailer has reported a small decline in earnings but remains cash flush after buying back shares.
Value Group sees little value in JSE listing
The warehousing, distribution and logistics group is mulling an offer to minorities so it can delist from the exchange.
The niche logistics company has not declared an interim dividend so it can preserve cash and take advantage of new opportunities.
Dis-Chem grows sales as customers venture back out
The pharmacy and healthcare group says although customers are returning to its stores in shopping centres, consumer behaviour has changed.
Stadio grows earnings as enrolments rise
The private tertiary education group says it saved on costs as it altered teaching and learning practices during the lockdowns.
AECI earnings impacted by Covid-19
The chemicals and explosives group says customer activity has not yet returned to pre-pandemic levels.
BAT says SA cigarette sales are recovering
The global tobacco giant compensated for a dip in volumes with higher prices and a stronger sales mix.
Tiger Brands suffers the January blues
The fast-moving consumer goods group says after a strong start to its financial year, sales came under pressure last month.
Cartrack gets the green light to list on Nasdaq
The vehicle telematics group has offered shareholders cash or shares in Karooooo when its lists in the US.
SPAR cushioned by home renovators
The wholesale and distribution group has reported flat grocery sales in SA but a big increase in turnover from its Build it chain.
DRDGOLD raises dividend after strong first half
The mine tailings pretreatment specialist is tracking towards the upper end of its full-year production guidance.
Pan African prepares for Egoli
The gold mining company says the new underground gold mine will contribute considerably to its future gold production.
The diversified resources giant says its outlook for global growth and commodity demand remains positive.
Glencore resumes dividend after cutting debt
The company has reported strong performances from its Marketing and Industrial metals operations, offset by weaker coal prices.
Resilient in talks to sell malls
The real estate investment trust is negotiating the sale of seven of its shopping centres to the PIC.
Transcend hit with additional municipal fees
The residential property fund has lowered its full-year distribution but is disputing the back charges it received.
Shoprite held back by alcohol ban
The supermarket group says its LiquorShop business lost out on 79 trading days due to lockdown restrictions.
Deloitte settles with Steinhoff shareholders
The auditing firm did not in any way admit liability for the losses incurred by Steinhoff and its stakeholders.
Momentum Metropolitan raises provisions
The insurance group says first-half earnings will be down as much as 50 percent after it increased its Covid-19 reserves.
Adapt IT hires Nodus to evaluate Huge bid
The software and digital services group has cautioned shareholders to sit tight until an independent opinion has been published.
Sibanye-Stillwater mulls K4 development
The mining company has reported a big increase in platinum group metal reserves, partly due to the inclusion of K4.
The company says its Industries business has been impacted by the lack of traction on the Digital Terrestrial Television programme by government.
Vivo Energy beats expectations on recovery
The service station operator plans to maintain its dividend payout at 2019 levels after recovering from Covid-19 lockdown restrictions.
Emira warns of lower distribution
The property fund says its board will take the impact of Covid-19 and its financial position into account when deciding on the payout.
Delta sells Domus property to reduce debt
The property fund says the Pretoria office property has been sold as a going concern to Pacificus Developments.
HomeChoice still weighed down by Covid-19
The direct marketer and fintech company says its full-year performance will not show any improvement on the first half.
SilverBridge flags higher earnings
The specialised ICT group reported a return to profitability last year after repositioning its business.
AMSA reduces its losses as prices rise
The steelmaker has benefitted from restructuring, cost cutting and an improvement in steel prices.
Italtile profits from work-from-home trend
The tile and sanitaryware manufacturer and retailer says if current trading conditions continue, it is in for a good year.
The distributor of electrical and lighting products benefitted from having too much stock on hand at the end of its last financial year.
Kaap Agri starts year on a strong note
The agriculture services group says growth was driven by strong operational performances across all divisions.
Transpaco flags upcoming results
The packaging group will report higher first-half profit from total operations.
Gold Fields buoyed by higher gold price
A big rise in fourth-quarter production also helped mitigate the impact of Covid-19 on its gold mines in SA and Peru.
Orion encouraged by Okiep results
The exploration and development company has the exclusive option to undertake due diligence at Okiep in the Northern Cape.
MC Mining gets loan reprieve from the IDC
The coal mining company says the extension of the IDC debt facility confirms its support for the Makhado Project.
Schroder loses retail tenant at Metromar
The real estate investment trust says any reduction in income from the vacancy will not have a material impact on expected dividend.
AngloGold shines on higher gold price
The gold mining company has benefitted from a big rise in the gold price last year.
The platinum producer has benefitted from higher PGM prices and the inclusion of its new business in Canada.
The real estate investment trusts plans to sell its last remaining retail assets by the end of the year.
The network operator says the sale to Belgian telecoms group Proximus will help it reduce debt and unlock value for shareholders.
Metrofile flags higher earnings
The records management and document storage group has grown first-half earnings and reduced debt despite the impact of Covid-19.
Trellidor locks in higher earnings
The security gates specialist has benefitted from stronger sales, cost controls and fewer shares in issue.
Telkom supported by mobile growth
The telecoms group reported a big decline in fixed line and interconnection revenue as the economy remains under strain.
Amplats buoyed by higher PGM prices
The platinum group metals miner says higher prices more than made up for the closure of its converter plant.
Pan African to report bumper earnings
The gold mining company has benefitted from the weaker rand, a higher gold price and increased production.
Mpact prepares to unpack better earnings
The paper and packaging group reduced its interest bill as it used strong cash flows to pay down debt.
Hyprop rises on Atterbury disposal
The real estate investment trust will use the proceeds from the sale to reduce its loan-to-value ratio.
Bowler Metcalf beats the tough economy
The packaging business defied general market sentiment, delivering growth in revenue and earnings.
Nampak rallies on packaging turnaround
The packaging group says its Metals business was not as badly affected by the third alcohol ban, which ended last week.
While the second Covid-19 wave has been more severe, revenue and operating profit have improved since the end of its last financial year.
MTN prepares to ring up higher earnings
The network operator will report a rise of as much as 70 per cent in full-year profit as it grows subscribers and service revenue.
Sibanye-Stillwater to report bumper profits
A strong operational performance and the full-year inclusion of its Marikana operations coincided with an improvement in metal prices.
Huge lays out rationale for Adapt IT bid
The telecoms and fintech group says a combination with Adapt IT would reduce financial risk exposure and create critical mass.
Kibo sees good demand for MAST IPO
The energy company says MAST will announce its LSE listing date with its final prospectus.
Dipula decides against distribution
The property fund says its short-term liquidity could come under pressure if lockdowns and trading restrictions affect its tenants.
The publishing and printing group now owns just under a third of the issued share capital of Mpact.
Huge Group signs distribution deal with NEC
A number of its subsidiaries will help NED Nederlands leverage its presence in Africa.
Glencore to hand back Colombian mining contracts
The National Mining Agency declined a request to keep the loss-making mines on care and maintenance.
Distell dispenses surprise update
The drinks group has grown volumes and revenue as South Africans stockpiled ahead of liquor bans.
Super Group recovers from Covid-19
After posting a decline in earnings last year, the group will report an improved performance for the first half of its new financial year.
Sappi sees signs of a recovery
The paper and pulp producer expects profitability to continue improving in the second quarter as demand and prices recover.
Glencore adds former Anglo CEO to its board
Cynthia Carroll has worked in the resources sector for more than 30 years at companies that include Amoco, Alcan, Anglo American and Vedanta.
Hulamin reports improving demand
The aluminium products manufacturer says demand for its rolled products has picked up since the announcement of new import duties.
The electrical, cable and lighting business says first-half earnings will be as much as 30 percent higher.
Curro marked down on Covid-19 impact
The group will report a basic loss and a big decline in headline earnings after the pandemic resulted in fewer learners and rising impairments.
Vodacom says new spectrum is key
The network operator says any further delays in allocating new 5G spectrum will be negative for customers.
A lender consortium has increased its debt exposure to more than three-quarters and wants Ascendis to hold on to Remedica.
Motus motors ahead on trading update
A trading update from the automotive group points to a better outcome than it expected three months ago.
Orion secures Okiep copper option
The Okiep Copper Company historically produced more than 2 million tons of copper in the Northern Cape.
The property fund released unreviewed results in 2019 after it bumped heads with its auditors over property valuations.
The telecoms and fintech group says it is ready, able and willing to proceed with its offer for Adapt IT.
Brait weighed down by Virgin gym chain
The investment company says liquidity at its Virgin gyms in the UK, Italy and Asia Pacific has dried up.
Bowler Metcalf rallies on bullish update
The plastics manufacturer benefitted from higher sales volumes and operational efficiencies.
DRDGOLD supported by higher gold price
The mine tailings retreatment specialist says increased revenue was offset by higher costs.
The Polish government has eased restrictions as Covid-19 case numbers in the country continue to decline.
Sasol soars on positive turnaround
The energy and chemicals company says its performance was impacted by Covid-19 and hurricanes that battered the US Gulf Coast.
EOH makes progress with turnaround
The technology services company expects to report positive first-half operating profit as it trims debt and cuts costs.
The company took steps to save costs and create synergies after lockdowns impacted its first-half performance.
Spur suffers under revised lockdown restrictions
The restaurant group says the national curfew, banned alcohol sales and the closure of beaches hurt sales in December.
AMSA rallies on improving prospects
International steel prices are back at levels last seen in 2008 after hard lockdowns resulted in demand outstripping supply.
Barloworld on track with strategy
The industrial holding company says it has benefitted from easing lockdown restrictions and recent acquisitions.
The health and beauty retailer says the inevitable demise of the brand has been accelerated by the Covid-19 pandemic.
Italtile benefits from home renovators
The tile manufacturer and retailer will deliver first-half earnings growth of at least 25 percent.
Anglo reports recovering production
The diversified mining company says production in the second half of the year was almost back at 2019 levels.
Kibo prepares for LSE listing of MAST
The multi-asset energy company has issued a pathfinder prospects to help guide on a price range for its UK subsidiary.
Lewis reports continued demand for its goods
The furniture and appliances retailer says its stores benefitted from buoyant Black Friday sales.
Steinhoff rallies on Pepco update
Its shares have continued their ascent following a first-quarter trading update from its European retail business.
Covid-19 still ails Life Healthcare
The private hospital group says while its first-quarter performance has improved, the second Covid-19 wave poses a big challenge.
Hudaco recovers from first-half Covid hit
The group will report a decline in full-year earnings but show a big improvement from the first half.
The bulk commodities and construction material group will retain the Nkomati Anthracite Mine which has been restructured out of UCP.
A takeover of the software and digital services group would create a new mid-size player.
Pepkor benefits as consumers shop down
The value retail group has continued to grow its share of the market as consumers shop down.
Quilter grows assets in tough year
The wealth manager grow assets under management by 7 percent as it completes the migration of funds to its new UK investment platform.
Aveng proceeds with rights issue
Following the rights issue, the company says its remaining debt is sustainable and should be paid off in the next three years.
Orion rallies on new copper prospects
The minerals exploration and development company says it could not have asked for a better start to 2021.
Woolworths soars on upbeat sales update
The retailer reported particularly strong turnover in the run-up to Christmas, with Australian sales also picking up.
Old Mutual warns of lower earnings
The insurance group says while sales are showing a recovery, it is concerned about the impact of Covid-19.
Harmony on target with gold output
The gold mining company says the integration of the Mponeng mine and Mine Waste Solutions has gone according to plan, contributing to production.
Ascendis reconsiders disposal strategy
A consortium of lenders may veto asset sales, preferring a recapitalisation to reduce debt to a sustainable level.
Cashbuild benefits from DIY demand
The building materials retailer will report a strong rise in first-half revenue and earnings as it recovers from the hard lockdown.
Steinhoff puts Pepco plans back on the table
The retail group says it is considering options for its European retail business, sending its shares more than 15 percent higher.
Mr Price reports record market share as sales grow
The value retailer warns that the end of government support initiatives is likely to affect discretionary spending.
Mediclinic benefits from unseasonably high inpatient activity
The private hospital group says it is working with health authorities to support government-led vaccination roll-out plans.
The real estate investment trust says its solvency and liquidity would be at risk if it met the minimum distribution requirement.
Pan African prepares for solar power
The gold mining company expects to generate the first power from the solar photovoltaic plant in the third quarter of the year.
Reinet grows NAV despite weaker BAT
The investment fund has been reducing its stake in British American Tobacco and increasing its insurance investment.
Gold Fields hires former Amplats boss as CEO
Chris Griffith will take over from Nick Holland, who has led the gold mining company for the past 13 years.
South32 makes progress with disposals
The diversified mining company is targeting the divestment of its SA Energy Coal business by the end of March.
Barloworld sells Motor Retail unit to JV
The industrial holding company will retain a 50 percent stake in the business through its partnership with the Akoo family.
Massmart reports lower sales due to Covid-19
The retail and wholesale group says fourth-quarter sales were weaker but showed an improvement from earlier in the year.
RDI set back by new restrictions
The real estate investment trust says new lockdown measures will delay the expected recovery in its operating assets.
BHP maintains guidance as iron ore gains offset declining coal
The diversified resources group has raised iron ore guidance for the year after restarting its Samarco operations in Brazil.
Montauk gets go-ahead for JSE listing
Local investors will get shares in Nasdaq-listed Montauk Resources without impacting their foreign investment allowances.
Richemont buoyed by Chinese shoppers
Sales grew in all regions with the exception of Europe, where they were curtailed by renewed public health protection measures and a halt in tourism.
Sibyane-Stillwater beats production forecasts
The platinum group metals and gold producer says it is well positioned to deliver a more consistent and improved performance this year.
Textainer takes out TAP Funding
Following the TAP deal, the company owns about 89 percent of the shipping containers in its fleet.
The investment holding company still trades at a significant discount to the value of its underlying investments.
Europa Metals starts drilling at Toral
The drilling programme forms part of a pre-feasibility study of the Spanish lead, zinc and silver project.
Foschini cushioned by local sales
Turnover at its African operations was boosted by the acquisition of Jet in September.
Glencore sells Mopani stake to ZCCM
The diversified commodities marketer and trader has transferred its effective 73 percent interest in the copper mining company.
Hammerson hit by new restrictions
The shopping centre owner has collected 41 percent of rent owed for the first quarter as lockdown restrictions are tightened in the UK and Europe.
Long4Life to continue share buybacks
The lifestyle investment company has been repurchasing shares rather than using surplus liquidity to pay dividends.
Limited take-up of Texton offer
The property fund says investors holding less than 2 percent of its shares tendered them to a mandatory offer.
Conduit Capital to report a turnaround
The investment holding company says its Constantia Insurance business has produced nine consecutive months of underwriting profits.
Murray blindsided in Middle East
The specialist engineering and construction group says its former client acted in utmost bad faith by calling in bond securities.
Jubilee supported by blue-chip investors
The metals processing company has placed almost 5 percent of its enlarged share capital with institutional shareholders.
The SFO will continue to offer assistance to the ongoing investigations of other law enforcement partners.
Covid-19 dents sales at Truworths
The retailer will report a decline in first-half sales and earnings as Covid-19 continues to affect its stores in SA and the UK.
EPP impacted as Poland extends lockdown
The shopping centre owner says about 30 percent of its floorspace remains operational due to trading restrictions.
Ascendis cautions on Ivermax hype
The pharmaceuticals group says the antiparasitic remedy has not been authorised as a treatment for Covid-19.
Pick n Pay hires new CEO as Brasher retires
Brasher will be replaced by Pieter Boone, who was identified in a global search that included internal candidates.
Curro expands in the Eastern Cape
The private schools group has bought a preparatory school in Port Elizabeth, using some of the proceeds of a rights issue.
The investment holding company extended an offer it made to one minority shareholder of the poultry and food group.
Jubilee’s metals strategy takes shape
The metals processing company is expanding into copper and cobalt as its PGM and chrome operations mature.
Alaris in talks to buy UK business
The antenna specialist has said it wants to strengthen its radio frequency and microwave electronic design and manufacturing capabilities.
Merafe reports big decline in annual output
The company, which shares in a joint venture with Glencore, says production was impacted by Covid-10, weak markets and electricity constraints.
Covid-19 fails to derail Cartrack
The vehicle telematics group continues to grow subscribers as it targets a Nasdaq listing.
Tharisa reports strong first quarter
The mining company says it is on track to meet its full-year production guidance in a strong spot market for platinum group metals.
Schroder grows value in tough market
The real estate investment trust has benefitted from new leases while investing in its landmark Paris property.
The disposal, announced last October, will help the fertiliser and chemicals group pay off debt and return cash to shareholders.
Stellar finalises Tellumat disposals
Tellumat sold its Air Traffic Management and Defence and Security businesses to Hensoldt South Africa for an undisclosed sum.
Your dividend cheque is NOT in the post
Companies will no longer pay dividends to shareholders using cheques as they have been discontinued by banks.
Murray notches up another contract win
The specialist engineering and construction group expects to return to profitability this year as new projects start contributing to earnings.
WBHO says Probuild sale is over
Buyers of the business withdrew their investment application on advice that it would be rejected by the Federal Government of Australia.
Alphamin beats production guidance
The tin miner is developing more resources adjacent to its Mpama North site in the Democratic Republic of Congo.
Accentuate sets delisting date
The infrastructure supplies group has been taken over by shareholder Pruta Securities.
Mazor prepares to leave the JSE
A general offer to shareholders has kicked in after a scheme of arrangement failed to win enough support.
AfroCentric division wins government medical tender
Medical aid administrator Medscheme will hold the managed care services contract for 5 years, with a few new add-ons.
Cartrack aims for Nasdaq after delisting
Founding shareholder Zak Calisto is offering shareholders a stake in his holding company if they want to remain invested in the vehicle telematics group.
After a delayed reaction to a jump in the price of Brent crude on Tuesday, Sasol rose to its highest since last February.
Tsogo builds Hospitality stake
The hotel operator extended the closing date for its general offer to 29 January.
Hyprop butts heads with JSE over dividends
The REIT will now pay a cash dividend, giving shareholders the option to reinvest in Hyprop shares.
Mondi bulks up Turkish packaging operations
The paper and packaging group plans a mandatory offer to minority shareholders after buying a majority stake in Olmuksan International Paper.
Conduit CEO to defer compensation
Sean Riskowitz says he will delay all personal remuneration until shareholder value is restored.
Santam starts assessing lockdown claims
The short-term insurer will continue with its application for leave to appeal the Ma-Afrika judgment, specifically regarding the indemnity period.
The cash proceeds from the transaction will be used to repay near-term debt obligations.
Labat Africa recovers on healthcare investments
The investment company has moved out of the fuel business as it focuses on growing its healthcare assets.
Sirius acquires three new business parks
The German-focused real estate group says it continues to benefit from a strong cash position as it makes further acquisitions.
The mining services company requires external funding support which it says it will be easier to secure in an unlisted environment.
Labat Africa flags a positive turnaround
The investment holding company is profiting from the growing market for medicinal cannabis and has disposed of its fuel businesses.
AngloGold sees the new year in with Sadiola sale
The disposal of its stake in the Malian mine wraps up a portfolio rationalisation that started in 2014.
Afrox prepares to delist from JSE
Shareholders approved a full takeover by parent company group Linde earlier this month.
Stenprop exits Berlin retail property
The property group plans to switch its entire portfolio to UK multi-let industrial estates by March 2022.
Attacq sells MAS stake to Oppenheimer company
The real estate investment trust will use the proceeds to pay down debt and fund development opportunities.
Exxaro Black Mountain sale falls through
The diversified resources group says it will continue to evaluate its options on the investment as part of its strategic review.
The freight and logistics group decided to dispose of its stake in the agri business last year after deeming it non-core.
BHP to restart Samarco operations
Production at the iron ore mine was suspended five years ago after a dam collapsed, destroying towns and killing 19 people.
MAS continues Western Europe property disposals
The European real estate company is focused on growing its presence in Central and Eastern Europe.
Marshall Monteagle maintains dividend despite tough year
The investment company says all its companies have had to adjust to the new and challenging environment.
AB InBev sells stake in US can plants
The brewing giant says the deal will help it optimise its assets, unlock shareholder value and repay debt.
South32 a step closer to SA coal sale
The global mining group expects to secure approval from Eskom in time to close the deal by the end of March.
Hammerson targets European investors
The shopping centre owner has taken a secondary listing on the Irish Stock Exchange, which trades as Euronext Dublin.
CMH sells property in lease back deal
The Randjespark property is currently occupied by one of its subsidiaries, which will rent it back from the empowerment buyers.
Afristrat narrows its losses after restructuring
The private equity investor plans to rebuild its banking and financial services platform around the assets of fintech company MyBucks.
NEPI resilient despite new restrictions
The Central and Eastern Europe shopping centre owner says its malls are operating at about 80 percent capacity for now.
Stenprop acquires more industrial properties
The company says it remains on track to be fully-invested in multi-let industrial properties by the end of its next financial year.
Kibo on track with Benga Power Plant
The Africa-focused energy company has agreed a coal supply deal with Vale as its Benga project progresses.
Basil Read winds up remaining contracts
The construction and engineering group entered business rescue two and a half years ago.
Marshall Monteagle slips into a loss
The UK-based procurement and investment group has been impacted by Covid-19 and increased competition.
Hyprop at odds with JSE over distribution
The real estate investment trust had planned to introduce a shareholder loan claim in order to preserve cash.
The energy and chemicals group says the deal is part of its ongoing, strategy aligned, asset divestment programme.
Dis-Chem bulks up with pharmacy deal
The pharmacy group has bought Medicare Health, which operates pharmacies across four provinces where it is underrepresented.
Stenprop sells German retail centre
The property group will use the proceeds to make further acquisitions in UK multi-let industrial property.
South32 close to wrapping up coal sale
The diversified mining and metals company expects to conclude the sale of its SA Energy Coal business early next year.
Woolies sells David Jones flagship store
The retailer plans to pay down debt and create separate funding structures for its two Australian businesses.
AngloGold prepares for bumper dividend
The gold mining company has generated its strongest free cash flow in close to a decade.
Cash-flush Caxton invests in packaging
The publishing and printing group has increased its stake in Mpact after selling its interests in Octotel and RSAWeb.
Pepkor buys Steinhoff-owned warehouses
Pepkor will issue new shares worth R1.05 billion to Steinhoff in return for properties it currently leases from the company.
Bauba bears the brunt of Covid-19
The mining and exploration company was impacted by depleted opencast operations and a declining chrome ore price.
Aveng sets date for capital raise vote
The engineering and construction group will ask shareholders to approve a R300 million rights issue, the second in under three years.
Shoppers return to Capital & Regional centres
The community focused mall owner says almost all its stores have reopened following the most recent lockdown in England.
NEPI reports improving collections
The shopping centre owner says it has made progress in reaching agreements with tenants across Central and Eastern Europe.
MTN sags on Nigerian SIM card freeze
The Minister of Communications is using telecoms companies to force Nigerians to get national identity numbers.
Kibo progresses with Baobab supply deal
The energy company is targeting a number of progressive supply agreements for its Benga power plant in Mozambique.
Holiday demand cushions tough year for De Beers
After a big decline at the height of the Covid-19 lockdown, its final sales cycles have been more positive.
York branches into avos and nuts
The timber group is preparing for its first high-yield soft citrus crop as it diversifies its business and earnings.
Jasco pulls out all the stops after tough year
The group believes it has sufficient available financing to continue its business and that its financials have been prepared on a going-concern basis.
Resilient Metrofile attracts more interest
The records management and document storage company says a second international investor has expressed interest in buying it.
The inclusion of Prosus will take the combined market cap of companies listed on the stock exchange to almost R5 trillion.
TymeBank signs up 2.5-million customers
Owner African Rainbow Capital Investments says 1.5 million of its customers are actively using their accounts.
Delta director withdraws resignation
The move follows the withdrawal of its most recent financial statements after its auditors withdrew their audit opinion on evidence of fraud.
Chrometco at risk due to Covid-19
Another period of reduced production and a drop in the chrome price could threaten its ability to continue as a going concern.
Nutritional lifted by cannabis acquisitions
The pharmaceuticals and natural medicines group already has two significant export contracts.
Labat Africa flags earnings recovery
The investment holding company is profiting from the growing market for medicinal cannabis and has disposed of its fuel businesses.
Caxton shareholders approve disposals
The publishing and printing group is disposing of its stakes in Octotel and RSAWeb to a private equity investor.
Tongaat on track to meet targets
Following a number of disposals, the agri group said it had made good progress in achieving its debt reduction milestones.
The UK software and solutions group commences unconditional trading on the London and Johannesburg stock exchanges on Thursday.
Anglo American targets sector-leading growth
The diversified mining group aims to grow volumes by 20 to 25 percent over the next three to five years.
Amplats provides bullish production outlook
Barring any new restrictions in the event of further Covid-19 waves, production is expected to return to normal from next year onwards.
Accentuate still in a loss due to Covid-19
The infrastructure supplies group has proposed a scheme of arrangement to buy out minority shareholders and delist.
Sebata to report a reduced loss
The ICT group has been impacted by the weak economy and a slowdown in government spending.
Capital Appreciation to list on A2X
The listing will take the number of securities on A2X to 39 with a combined market cap of more than R2.2 trillion.
Poor take-up of Implats bond offer
A rise in its share price swayed bondholders from taking up the invitation.
Renergen patents Covid vaccine transport solution
The emerging natural gas producer is developing what it believes is one of the highest concentrations of helium globally at Virginia in the Free State.
KAP Industrial cushioned by resilient businesses
The industrial holding company says its strategy and diversified business model have proven to be resilient through the Covid-19 crisis.
The company is expanding its Temporary Employment Services business into more niched and highly skilled resources.
Barloworld to sell dealership stake
The industrial holding company will still own a stake through its joint venture with the Akoo family in Durban.
The tobacco giant says the Covid-hit has not been as bad as expected, while the resumption of SA sales has helped.
Schroder weathers impact of pandemic
The real estate investment trust says it is disappointed its share price has not reflected its performance.
The life insurance group says the gradual easing of lockdown conditions has supported sales but it expects conditions to remain challenging.
City Lodge says guests are returning
The hotel group says occupancies continue to recover but it will still report a decline in first-half earnings.
Delta withdraws results and calls the cops
The property fund says its auditors have withdrawn their audit opinion on its 2020 numbers which will delay the release of its interim results.
Sygnia grows assets in tough environment
The fund manager credits its low-cost investment and savings products for a big rise in full-year earnings.
PPC cements over cracks as sales recover
The cement producer says its capital restructuring project remains a key priority.
Ramos takes the chair at AngloGold Ashanti
The appointment means the gold miner will have two women at the helm after Christine Ramon took over as interim CEO.
Northam buys more Zambezi prefs
The company will consider dividends for ordinary shareholders in the medium term once it has de-risked the preference share structure.
Shareholders have approved the repurchase of up to 20 percent of its stock.
Amplats raises guidance after fixing faulty unit
The platinum group metals company fixed the Phase A unit at its ACP Convertor Plan more than three months ahead of schedule.
Implats to buy back bonds as cash rises
The PGM producer says the move will reduce its debt liability and reduce the potential for future dilution to existing shareholders.
Long4Life launches new share buyback
After buying back more than 40 million shares earlier this year, the investment company plans to spend up to R114 million repurchasing more stock.
NEPI Rockcastle sells listed portfolio to fund repurchase
The Central and Eastern Europe property group cashed in on an improvement in the Unibail Rodamco Westfield share price.
MC Mining on the lookout for a CEO
The company does not expect the departure of Berlin to impact a funding package for its flagship Makhado coal mine.
Wescoal under pressure as Eskom sales decline
The coal producer says offtake by Eskom and other trading clients has not recovered to pre-lockdown levels.
The iron ore miner says it is ensuring that its value chain remains balanced, with finished stock maintained at optimal levels.
E-commerce drives Stenprop inquiries
The multi-let industrial property group says there is demand from business wanting to start or grow their e-commerce operations.
Metair recharges guidance for battery business
Revenue from its energy storage business will be down by less than expected while its automotive components vertical has been more affected.
Load shedding provides a spark for Ellies
The consumer and commercial electronics group says it benefitted from rising demand for alternative energy solutions.
MTN poaches Telkom finance boss
Tsholofelo Molefe replaces Ralph Mupita as group CFO and will support the execution of its growth and deleveraging strategy.
Oceana raises dividend after decent catch
The Lucky Star owner says it was supported by continued demand and firm pricing for its products.
Alexander Forbes maintains earnings in tough environment
The employee benefits business says its clients were badly affected by the lockdown, with retrenchments, salary cuts, reduced retirements savings and business closures.
The electronics manufacturer and distributor will report a profit after slashing operating expenses and reducing losses at its manufacturing division.
Exxaro increases coal production
The resources group says higher volumes and the weaker rand have cushioned a decline in coal prices.
No dividend from illiquid Rebosis
The property fund says there is a material uncertainty on its ability to continue as a going concern.
Hyprop reports higher Black Friday footfall
The shopping centre owner says tenants at its malls spread specials out for the month of November due to Covid-19.
Tongaat soars as it returns to profitability
The sugar producer and landowner has also made progress in reducing debt in line with its commitment to lenders.
The technology services group is still trying to sell its IP businesses as it reduces debt while refinancing talks continue.
Sasol prepares to bank Lake Charles proceeds
The energy and chemicals group says it has also successfully concluded talks with its lenders to keep its amended debt covenant in place.
Remgro mops up illiquid RCL stock
The investment holding company says an offer to buy up to 100 million shares should not be seen as a takeover.
Nedbank to stick with SARB dividend guidance
The bank has reported a continued improvement since August but says a dividend is unlikely this year.
The cement producer says after a difficult start to the year due to Covid-19, sales recovered strongly in the second quarter.
Nampak unpacks full-year loss due to Covid-19
The packaging group was impacted by lockdowns, the ban on alcohol sales in SA and hefty impairments.
Redefine postpones dividend as it reduces debt
The real estate investment trust says offshore dividends were withheld and Covid-19 had a big impact on its local portfolio.
Ascendis well positioned for Covid-19
The pharmaceuticals group says its drugs and hospital equipment should offset the negative commercial impact of the pandemic.
Equites to develop new Amazon centre
The distribution centre is the second development deal to arise from its partnership with UK property developer Newlands.
Altron raises price for Bytes listing
The technology group is planning to demerge and list its Bytes UK business on the London Stock Exchange before Christmas.
Sygnia rallies on upbeat forecast
After a good first-half, the fund manager says it will report strong full-year earnings growth.
Standard Bank says dividend remains uncertain
After holding back on an interim payout, the bank says a final dividend will depend on a host of factors including regulatory guidance.
Invicta recovers following clean up
The investment holding and management company has sold businesses to strengthen its balance sheet while keeping a lid on costs.
Barloworld in a loss over Covid
The industrial group says it managed to maintain a strong balance sheet and cash balance, positioning it for the long-term.
Vukile expects a better second half
The property fund has held back on an interim dividend and says its full-year distribution will be based on a 75 percent payout ratio.
Tharisa overcomes Covid challenges
The platinum and chrome producer has benefitted from an improved operational performance and higher PGM prices.
Aveng makes some progress despite Covid-19
The engineering and infrastructure group says it is focused on restructuring its balance sheet and reducing debt
The property group says trading at its shopping centres has recovered but vacancies are also on the rise.
Resilient Bidvest says it is future fit
The industrial group says revenue and trading profit are in line with last year despite the impact of Covid-19 on growth and confidence.
Barloworld swings to a loss due to pandemic
The industrial group has faced a number of additional expenses and write-downs.
Its shares slumped after it postponed the release of its interim results while it figures out the impact of fraud on its accounts.
EasyEquities propels Purple to profit
The online share trading and investment platform has scaled up significantly and entered new partnerships over the past year.
Raubex seals Beitbridge contract
The public-private partnership includes a major upgrade of roads at the busiest inland border post in the country.
Stefanutti focused on restructuring
The beleaguered construction group is reducing loss-making projects so it can return to profitability.
Mr Price powers up with acquisition
The value retailer is also adding baby, school uniform and gifting lines to its offering.
Quantum sells more eggs during lockdown bake off
The poultry group says egg prices were supported by the lockdown but have since dipped following the easing of restrictions.
Nampak prepares investors for a loss
The packaging group has been impacted by Covid-19, impairments and volatile currencies.
Kaap Agri brings back dividend
The group says footfall has returned to its retail fuel outlets and revenue has recovered - but not quite to pre-Covid-19 levels.
Murray and Roberts boosts its book
The engineering and construction group says new project awards are only likely to contribute to its second-half performance.
Lewis benefits from post lockdown demand
The furniture and appliances retailer reported pent up demand as its stores reopened after the toughest lockdown restrictions were eased.
Adcorp rallies as it returns to a profit
The recruitment and training company slashed costs to deal with the fallout from Covid-19.
Arrowhead revises dividend policy
The real estate investment trust will no longer pay out 100 percent of distributable earnings to shareholders.
Etion in talks to unlock value for shareholders
The digital technology investment company is in a stronger position after repositioning and restructuring its operations.
Consolidated Infrastructure suspends trading
The infrastructure group says the move is aimed at protecting investors with limited information about its predicament.
Omnia delivers on turnaround plan
The chemicals, fertiliser and explosives group has reduced debt and reorganised its business following an 18-month restructuring.
Coronation expects net outflows to continue
The fund manager says net client outflows should be expected in periods when economic conditions are tough and investor sentiment is negative.
The energy and chemicals group is selling non-core assets as it refocuses its operations and reduces debt.
Transaction Capital record derailed by Covid-19
After growing core HEPS by 23 percent for five years, its track record was broken by lockdown disruptions.<
Reunert sticks to final dividend
The electrical engineering, electronics and ICT group says its operations have shown an improvement following the easing of lockdown restrictions.
Tharisa flags quadrupling in profit
The platinum and chrome producer grew production as prices of platinum group metals rallied.
Prosus starts buying Naspers shares today
The value retailer has swung to a loss after booking big impairments due to the impact the pandemic and constrained growth expectations.
Pepkor gains market share as Covid bites
The value retailer has swung to a loss after booking big impairments due to the impact the pandemic and constrained growth expectations.
Netcare reports a recovery in patient days
The private hospital group says patient volumes are only likely to stabilise at more normalised levels next year.<
A2X adds Famous Brands to its menu of listings
The listing of the restaurant group takes the number of securities on the exchange to 38 with a combined market capitalisation of R2.2 trillion.
Sirius increases dividend after resilient performance
The German-focused property group says it is in a strong cash positions with a healthy pipeline of opportunities.
enX reports loss due to Covid impairments
The industrial group says revenue at almost all of its businesses has returned to above 80 percent of pre-lockdown levels.
Tiger tamed by earnings decline
The fast-moving consumer goods group admits that its full-year results have been disappointing but it expects to reverse the trend.
Spur saddles up as lockdown eases
By the end of last month, most of its franchised restaurants had reopened with turnover recovering to previous levels.
Purple Group to turn a full-year profit
The fintech group became profitable at the halfway stage as its EasyEquities online investment platform scaled up.
Santam plans to appeal business interruption judgement
The short-term insurer believes the Western Cape High Court erred in its judgement regarding causation and the insured peril.
Sasol shareholders back Lake Charles deal
The energy and chemicals group will use the proceeds to reduce debt and may still resort to a rights issue.
Covid accelerates digital transformation at Liberty
The insurer says a pandemic reserve set up earlier this year will be reassessed at the end of December.
Empty tables leave Tsogo Sun with a loss
The gaming group says its operations delivered a solid performance last month as restrictions were relaxed.
Life Healthcare passes on dividend due to Covid
The private hospital group has reported a loss but says activity is picking up at its hospitals.
Investec reinstates dividend despite tough first half
The banking group held back on a final dividend for its 2020 year following guidance from banking regulators.
Woolworth supported by food sales as clothing declines
The retail group says trading conditions across its operations continue to be impacted by Covid-19.
Absa says a dividend is unlikely
Although many of its performance metrics are improving, the bank says it is focused on preserving capital.
SPAR delivers knockout performance
Despite losses at its Polish business after Covid-19 disrupted progress in the new market, the group has grown earnings and raised its dividend.
Sasol directors agree to fee cut
The energy and chemicals group acknowledges the erosion of shareholder value over the past two years.
Brait concerned by second Covid wave
Virgin Active and New Look have closed their doors once again due to new lockdown restrictions in Europe and the UK.
Investec Property Fund delays dividend
The fund has announced a top-up payment on its previous distribution but is holding back on an interim payment for now.
Reunert flags big earnings decline
The electrical engineering, electronics and ICT group says free cash flow generation was in line with historic ratios despite the tough environment.
The industrial group says the potential disposal represents an attractive opportunity to monetise its investment in a major subsidiary.
Rhodes impacted by Covid restrictions
While sales of pies and fruit juice have recovered, the food group says it will continue to feel the aftershock of the Covid-19 pandemic.
On top of Covid-19, the construction group has faced increased losses in Australia as it prepares to scale down its business there.
Stor-Age grows occupancies despite lockdown
The self storage property specialist says enquiry levels returned to pre-Covid-19 levels by the end of May as restrictions were eased.
Raubex rallies on contract awards
The construction and road building company says it is well positioned to participate in infrastructure projects announced by the government.
Ninety One to pay maiden dividend
The fund manager experienced its first half-year net outflows as investors became more cautious and it lost mandates.
Super Group adds up the cost of Covid
The logistics, supply chain and dealership group expects a big recovery this year if there are no further lockdowns.
The network operator says data usage surged in the first half of its financial year due to demand from stay-at-home customers.
Sasol switches on last Lake Charles unit
Over budget and way past schedule, Sasol says the last unit at its Lakes Charles Chemicals Project is now in operation.
Shoprite sales dampened by liquor ban
The retailer has welcomed the recent easing of restrictions on alcohol sales.
The poultry and feeds group is paying a final dividend after surviving the worst of the lockdown.
Life Healthcare gets offer for Polish operation
The offer is lower than the carrying value of Scanmed, resulting in an additional impairment.
Prosus and Naspers ride on Tencent stake
The companies have benefitted from growth in e-commerce and their investment in Chinese internet giant Tencent.
The stockbroker, fund management and private client business says delisting will level the playing field with competitors.
ISA declares interim dividend as cash mounts
The IT security specialist reported lower first-half revenue and earnings but has excess cash on hand.
Octodec guides on lower distribution
The property group is required to make a distribution by the end of February in order to retain its REIT status.
Invicta disposals move forward
The investment holding company still needs the approval of shareholders and the competition authorities in eSwatini and Zimbabwe.
Tsogo Sun forecasts a slow recovery
The hotel operator, which is buying out Hospitality Property Fund, says uncertainty and the weak economy will continue to weigh on the sector.
Novus impacted by magazine closures
The printing and packaging group has taken steps to right-size its business, with the benefits expected next year and beyond.
No jackpot for Tsogo Sun Gaming
The casino operator will report an interim loss due to the impact of the Covid-19 lockdown on its operations.
Mediclinic still cautious about Covid-19
The private hospital group says after recovering, its Swiss and Middle East operations will be affected by a second wave of Covid-19.
Gold Fields settles into new normal
The two mines most affected by Covid-19, South Deep and Cerro Corona, have shown a strong recovery.
Growthpoint falls after bookbuild
The real estate investment trust raised gross proceeds of R4.3 billion from the share placement with institutional investors.
Primeserv to report lower earnings due to Covid-19
The company says the lockdown impacted first-quarter sales as many of its clients were compelled to shut their businesses.
Afrox prepares for Linde buyout vote
If the transaction proceeds, the gases and equipment group expects to delist from the JSE around the middle of January.
PPC remains cautious despite rising sales
The cement producer says it is on track to test investor appetite for the recapitalisation of its international operations by year end.
Growthpoint sells shares to trim debt
The real estate investment trust wants to reduce leverage and maintain a strong balance sheet due to Covid-19.
Spanjaard flags return to profitability
The lubricants and chemical products group reported a first-half loss last year due to distribution problems.
Metair hires Riaz Haffejee to replace retiring CEO
The energy solutions and auto components group says Haffejee has extensive knowledge and experience in the the automotive sector.
Telkom rings up more mobile customers
Growth in its mobile business has placed it holiday as the third largest operator in the country.
The chemicals, fertiliser and explosives group has benefitted from a restructuring and rights issue last year.
The services group will return to profitability following a turnaround at its security division.
Life Healthcare says procedures are normalising
The private hospital group will report a decline in earnings after procedures were postponed as a result of Covid-19.
Sun International draws punters back
Following the reopening of Sun City in September, the hotel and casino group has reported a strong recovery in gaming revenue.
Luxe says sales are recovering
The luxury goods group has also reported a rise in robberies at its stores following the easing of the lockdown.
Optimistic Raubex declares interim dividend
After holding back on a final dividend last year, the group has gained confidence due to higher cash balances and a growing order book.
Imperial mulls options for its international operations
The logistics group says the impact of Covid-19 has required it to priorities its capital allocation.
Spur to dish up lower earnings
The restaurant group has booked impairments and is preparing for credit losses as a result of Covid-19.
Harmony benefits from higher gold as production recovers
At current prices and levels of production, the gold producer expects to be in a net cash position by the end of March.
MultiChoice broadcasts higher earnings
The video entertainment business says a narrower loss from its Rest of Africa business is behind the improvement.
Richemont targets China with new JV
The luxury goods group is part of a new joint venture with Farfetch as it tries to increase Chinese sales through digital channels.
Motus motors ahead on trading update
The automotive group has projected a possible rise in first-half earnings.
Pepkor claims more market share
The retailer says trading conditions have favoured its defensive discount and value positioning in the market.
Argent shielded by offshore businesses
The steel manufacturer and trader is not paying an interim dividend as it continues to buy back its own shares.
Pan African rallies on possible tailings deal
The tailings pretreatment specialist says the acquisition is subject to the positive outcome of a lengthy due diligence.
TFG slashes debt as Covid takes its toll
Despite the impact of Covid-19 on sales, the retail group has cut its debt by almost three quarters.
Dis-Chem holds dividend in favour of acquisitions
The pharmacy group also needs to preserve cash due to the uncertainty that has resulted from Covid-19.
Truworths looks past Covid with manufacturing deal
The retailer has bought one of its local ladieswear suppliers, supporting the local manufacturing sector.
Sappi says demand is returning
The paper and pulp group has reported a fourth-quarter loss but says demand for some of its products remains strong.
Amplats lowers guidance after another water leak
The platinum group metals producer has closed its ACP Phase B unit for a full rebuild due to continuing problems.
Retail disposals leave RDI stronger
The real estate investment trust also says deputy CEO Stephen Oakenfull will replace Mike Watters as CEO next month.
The stock exchange operator has bought a controlling stake in the second largest share registry business in SA as it diversifies its revenues.
Shoprite and Equites complete distribution centre JV
Shoprite has contributed three logistics centres and some land to the joint venture, while Equites is investing cash.
Steinhoff gets support for settlement deal
While two dissenting creditors have not backed the plan, the retailer does not expect a delay to the settlement.
Mr Price warns of lower earnings
The value retailer was only allowed to sell its full range of merchandise from June.
Telkom rallies on bullish earnings forecast
The telecoms group will report a rise in first-half profit despite the economic impact of Covid-19.
CIG slumps on business rescue proceedings
Negotiations with funders for a voluntary debt restructure of its Consolidated Power Projects subsidiary were unsuccessful.
The impact of alleged procurement irregularities and misappropriation of funds on its historical financial statements is still being determined.
Indequity benefits from declining claims
Although premium growth was held back due to the weak economy, the insurer says there were fewer claims during the lockdown.
The company says the costs associated with being listed outweigh the benefits.
BAT expands its moral oral portfolio
The tobacco giant is trying to get more users to adopt its non-combustible products as smokers decline.
AngloGold Ashanti to double dividend ratio
The gold mining company has benefitted from a rising gold price as it continues to reduce debt.
Aspen jumps on Covid-19 vaccine deal
The pharmaceuticals company has invested R3 billion in the Port Elizabeth facility where it can produce more than 300 million doses a year of the vaccine.
Tiger Brands claws back some earnings
The company says its operating performance was better than expected towards the end of the year, with few supply chain disruptions.
Sibanye-Stillwater plans odd-lot offer
The number of shareholders on its registers has jumped by 60 percent following the acquisition of Lonmin last year.
Altron to proceed with Bytes UK listing
Shareholders will end up with 3 Bytes shares for every 8 Altron shares they hold plus some cash.
The industrial group has been impacted by Covid-19-related costs and a number of impairments.
Prosus plans $5 billion share buyback
The consumer internet company will buy its own shares as well as those of Naspers in a further attempt to narrow its discount to NAV.
MTN rises on growing subscriber base
The network operator has also completed the sale of its Jumia stake for net proceeds of R2.3 billion.
Glencore cuts coal guidance as strike continues
The commodities mining and trading giant has maintained guidance for other metals and minerals following a third-quarter recovery.
Texton rallies on mandatory offer
The property fund says a buyout consortium does not intend to apply for its delisting from the JSE.
MC Mining makes progress with Makhado funding
The coal group expects to conclude debt and equity funding for the project by the end of this year or the first quarter of 2021.
AH-Vest dishes up a maiden dividend
Despite significant Covid-19 disruptions to its supply chain, the food group grew full-year earnings by more than a third.
A firmer iron ore price offset reduced demand for its industrial minerals and construction materials.
Sibanye-Stillwater pledges superior returns for shareholders
The precious metals group has used its strong cash flow to reduce debt as it benefits from rising commodity prices.
AB InBev says cheers to dividend due to Covid-19
The brewer is sticking to its commitment to pay down debt, which has been impacted by the pandemic.
Nedbank says loan demand is recovering
The bank is still guiding for full-year earnings to be more than 20 percent down from last year.
WBHO to report a loss as Probuild sale proceeds
The construction and engineering group has been hampered by Covid-19 and loss-making projects in Australia.
The energy group plans to list its UK subsidiary this year as it builds a portfolio of flexible power projects across the UK.
MTN Nigeria reports strong subscriber growth
The network operator says operating conditions remain challenging despite the relaxation of lockdown restrictions.
Etion may dispose of underlying businesses
Shares in the digital technology group rallied after it said it planned to unlock value for investors.
DRDGOLD plans interim dividend
Barring any unforeseen events, the gold producer plans to pay an interim payout as it benefits from rising production and a higher gold price.
Santova buoyed by global expansion
The trade solutions and logistics group grew first-half earnings despite losses in its home market.
Stadio moves ahead with single brand strategy
The higher education group has merged four of its brands into a single multiversity in a move that will result in efficiencies.
Value Group motors its way through Covid-19
The logistics group has increased its interim dividend after growing its customer base and cutting costs.
RH Bophelo flags strong first-half performance
The healthcare investment group will report a big increase in earnings and an improvement in its net asset value.
Astoria still reinventing itself
After buying CNA in April, the group is busy acquiring a portfolio of assets from RAC Investments.
More Consolidated Infrastructure directors quit
The pan-African infrastructure group is in the midst of a debt restructuring that is critical to its sustainability and ability to trade.
Famous Brands hopeful for a better second half
Although Black Friday and the December holidays are historically the peak trading period for the industry, consumer spending remains unpredictable.
Diversification pays off for Adapt IT
Four of its six divisions grew earnings over the past year despite the constraints of Covid-19.
Astral refines earnings forecast
The poultry producer will report a decline in full-year earnings as a result of ongoing water supply costs, land shedding and Covid-19.
Cover pushes Finbond into a loss
The mutual bank and microlender says increased business activity is needed to support an economic recovery.
Merafe reports dwindling ferrochrome production
The Glencore Merafe Chrome Venture reopened three of its smelters last month following the easing of lockdown restrictions.
Stenprop on track with portfolio conversion
The group says demand for its multi-let industrial properties continues as it reduces vacancies.
The retail group says it will post an interim headline loss but is well positioned for any economic recovery.
Massmart counts the cost of Covid-19
The retailer and wholesaler lost billions of rand in sales due to restrictions during the lockdown.
NEPI Rockcastle impacted by new Covid lockdowns
The shopping centre owner says the restrictions have been imposed for an initial two weeks when the situation will be reassessed.
Datatec cushioned by work-from-home trend
The technology group says its businesses provide many of the products and services needed in a remote working environment.
Altron rallies on Bytes listing plan
The technology services group has proposed listing its UK business and unbundling it to shareholders.
The health and beauty retailer traded throughout the lockdown but with restrictions.
Sasol gets Lake Charles back on track
The energy and chemicals group will ask shareholders to approve the sale of a stake in the project, which is recovering from Hurricane Laura.
Anglo reports production recovery
The diversified mining group says production has recovered as its operations return to almost normal capacity.
Long4Life positioned for the new normal
The lifestyle investment company says its portfolio of brands is aligned to serving post-pandemic growth sectors.
Libstar says sales are recovering
The branded food producer remains cautious as the full impact of Covid-19 on consumer spending remains unquantifiable.
Stor-Age enters UK joint venture
The self-storage property fund says the partnership with Moorfield will hep it meet its medium-tern growth objectives in the UK.
The building materials retailer has reported a strong rise in sales as it bounces back from the impact of the lockdown.
Quilter reports improved fund inflows
The wealth manager says current challenges include the economic slowdown, the move to a new investment platform and Brexit.
Nu-World gloomy on retail sector
The consumer electronics group says wholesalers are geared up for Black Friday and year-end sales.
Pick n Pay buys Bottles for online growth
Although first-half sales were held back by Covid-19, its partnership with the delivery app helped online sales double.
The diversified resources group says first-quarter production was supported by its metallurgical coal and iron ore operations.
Steinhoff fined for dodgy accounts
The retail group has received the maximum permissible fine by the JSE for publishing incorrect, false and misleading financials
Standard Bank remains on high alert
New waves of Covid-19 infection, subsequent lockdowns and further job losses remain a risk.
Orion resumes drilling for new prospects
The exploration company says any new discoveries near Prieska in the Northern Cape will benefit from the infrastructure it is already developing.
Europa Metals rallies on grant award
The grant from the Spanish government will be used for research and development at its Toral lead, zinc and silver project.
Omnia to wipe out debt with Oro Agri sale
The fertiliser and chemicals group says the disposal gives it the opportunity to de-risk its capital structure and return cash to shareholders.
Calgro positioned for growth after Covid-related loss
The housing developer has streamlined its business and says it is positioned for a return to profitability once conditions normalise.
CMH earnings stall on Covid-19
The automotive group is paying a dividend of 100c a share as its business returns to some form of normality and predictability.
South32 sticks to guidance despite Covid setback
The diversified mining group says it will also deliver immediate value to shareholders by resuming share buybacks.
Oasis Crescent warns of lower distribution
The property fund says it has been cushioned by its high-quality tenant base and debt-free balance sheet.
York Timber finally out of the woods
Following a big turnaround in earnings, the forestry company is establishing its first soft citrus crop as it diversifies its business.
Metrofile takeover hampered by Covid-19
The document storage company says a private equity consortium is still keen to acquire it but is hampered by Covid-19.
Renergen narrows its losses as it prepares to pump its first gas
The emerging helium and natural gas producer said earnings last year were impacted by once-off transactions costs.
Controlling shareholder Linde says the company is more suited to an unlisted environment due to the poor tradability of its shares.
RDI reports improved rent collections
The real estate investment trust says negotiations with tenants and clients are ongoing.
The recruitment and training company will report improved earnings and says its made good progress in strengthening its balance sheet.
PSG declares ad hoc dividend after Capitec unbundling
The group reported a headline loss following a decline in the share prices of its listed investments.
Mediclinic remains cautious despite recovery
The private hospital operator expects to report a 5 percent decline in first-half revenue, weighed down by its SA operations.
Pepkor warns of Covid hit on earnings
The retail group said it was impacted by lost sales, higher provisions and the likely impairment of goodwill and assets.
Cartrack revs up dividend despite Covid
The company says continued investment in its business and high barriers to entry should support future earnings.
Coronation lifts assets and earnings
Fund under management have recovered from March, when equity markets toppled due to Covid-19.
The end for Famous Brands and GBK
Sky News reported that a British businessman reached a deal to buy the upmarket burger chain through a pre-pack administration.
Montauk targets 2021 Nasdaq listing
The renewable energy company says conditions are now favourable to implement the proposed listing in the US.
Hulamin gets off lightly with new US tariffs
The aluminium products manufacturer says a number of countries have had higher anti-dumping duties imposed on them.
Anglo reports improving sales by De Beers
With buying increasing ahead of the holiday season, De Beers says it is too early to call a sustained recovery in trading conditions.
Ascendis hires new finance boss
Cheryl-Jane Kujenga led a balance sheet restructuring process while CFO at Adcorp.
The brickmaker closed most of its operations at the height of the lockdown, with it coal mining operation running at reduced capacity.
Cartrack rallies ahead of results
The group is expected to report that first-half profit increased by at least a fifth.
Alviva cautions on possible Tarsus takeover
The ICT group has already conducted due diligence on its rival and a deal could affect the price of its shares.
Omnia close to a deal on Oro Agri
The fertiliser and chemicals group is in final negotiations after receiving an offer for the business this year.
Equites benefits from online shopping
The property group says Covid-19 has resulted in increased demand for prime modern logistics space.
Jubilee rallies on record quarterly earnings
The metals processing company will soon add copper to the mix as it prepares for its first production.
Balwin comes through on dividend
The property developing is paying its final dividend for 2020 alongside its interim dividend due to higher cash resources.
Murray rises on Clough contract win
The engineering and construction services group says its order book supports a return to profitability this year.
Caxton sells Octotel, RSAWeb stakes
The publishing and printing group says the businesses need focused shareholders to take them to the next level
PPC loss exceeds its market cap
Covid-19 has added to a torrid time for the cement producer, which it taking urgent steps to reduce its debt.
Exxaro still negotiating Black Mountain sale
The diversified resources group says it will apprise the market as soon as a transaction has been concluded.
Steinhoff progresses with settlement
The embattled retailer says the process has been more complex and time-consuming than expected.
Jaded Sasol shareholders likely to approve Lake Charles deal
Shareholder activist Theo Botha says the transaction will probably go ahead as Sasol battles to reduce its debt.
Spur people recover their taste for life
The restaurant group says the recovery has exceeded its expectations given the tight consumer environment.
The construction and roadbuilding group will report a first-half loss but is encouraged by new infrastructure projects.
Covid-19 wipes out Long4Life’s earnings
The lifestyle investment company says all three division have been negatively impacted by the pandemic.
Confident PSG Konsult declares dividend
The financial services group says the payout reflects its strong financial position and confidence in its prospects.
No dividend as Zeder reconsiders strategy
The agricultural investment company is maintaining a cautious stance but says conditions for its underlying businesses are improving.
Despite resilient businesses, the technology group says it was impacted by currency movements and the effect of a tax credit last year.
Afrimat supported by iron ore prices
The open-pit mining company says its businesses have recovered from the impact from the impact of Covid-19.
Tobacco and alcohol bans cost Pick n Pay
Apart from lost sales during the lockdown, the retailer faced additional costs to improve hygiene and safety and reward front-line staff.
Tsogo makes firm offer for Hospitality
Minority shareholders are being offered the same terms that fund managers agreed to in July for their Hospitality shares.
Sirius reports increased demand for rentals
The German-focused real estate group says it collected almost all rent owed to it in the first half of the year.
The investment company says Net1 is an attractive investment trading at a discount to the cash on its balance sheet.
Despite a sharp fall in the oil price this year, the resources group believes that the fundamentals for oil will be attractive for the next decade.
Renergen strikes supply deal with Logico
Logico will transport liquefied natural gas to Total filling stations between Johannesburg and Durban.
Newpark to report lower distribution
The real estate investment trust granted some tenants short-term cash flow relief due to Covid-19.
French investor says oui to MultiChoice
No comment as the French media company acquires a sizeable holding its biggest competitor on the continent.
Balwin rallies after President opens Mooikloof Mega-City
The public-private development has been designated as a strategic integrated project.
The freight and logistics group says it will resume repurchases following sustained cash generation from its continuing businesses.
Growthpoint to pay final dividend
The real estate investment trust delayed the declaration of its full-year payout due to the uncertainty caused by Covid-19.
Sasfin recovers value from Efficient sale
The bank has sold its stake in Efficient for more than it was worth at the end of June.
Afrimat wants business rescue for UCP’s Nkomati mine
The open-pit mining company says it cannot provide additional funding to the mine on an unsecured basis.
Sasol sells Lake Charles stake to trim debt
The energy and chemicals group may still resort to a rights issue to get comfortably within its debt covenant thresholds.
Insimbi dented by Covid-19 lockdown
The metals recycling company says second quarter earnings bounced back after it lost several weeks of trading in the first quarter.
Unicorn Capital Partners narrows its losses
The company, which is likely to be taken over by Afrimat, faced a number of issues on top of Covid-19.
The mutual bank and microlender says advances were heavily impacted by the Covid-19 lockdown, resulting in a big increase in surplus cash.
Sibanye-Stillwater bolsters executive after strong growth
Business development vice president Richard Stewart has been promoted to chief operating officer from 1 December.
Metair cancels its 2019 dividend
The auto components and energy storage company says paying the dividend would imperil its solvency and liquidity.
Covid-19 puts Ellies' going concern status at risk
The consumer and commercial electronics manufacturer says the continued onslaught of the Covid-19 pandemic has rendered its prospects for growth challenging.
The restaurant group is replacing Pierre van Tonder, who has led it for the last 24 years, as well as CFO Phillip Matthee.
Wendy Lucas-Bull to replace Christo Wiese at Shoprite
Wiese is retiring from the position he has held for close to three decades at the annual general meeting next month.
Capitec takes a whack from Covid
The bank almost tripled its credit impairment charge as it provided for the full impact of Covid-19 on its credit book.
PPC picks up more errors in its accounts
The cement producer has delayed the release of its results by another week as its sorts out prior year accounts.
Covid pushes Sasfin into a loss
The bank says increased credit provisions and private equity devaluations were behind the big decline.
Adapt IT rallies on trading statement
The software and digital services provider says the resilience of many of its businesses has likely resulted in a rise in full-year HEPS.
Nampak jumps on new supply deals
New large contracts are expected to boost earnings next year and close the gap caused by the impact of Covid-19.
Barloworld starch acquisition will stiffen resilience
The industrial group says Tongaat Hulett Starch has been resilient during Covid-19, as have its equipment businesses.
EPP remains cautious despite recovery
The Polish property group has held back on an interim dividend and may dispose of assets to strengthen its balance sheet.
The pharmaceuticals group has appointed advisers as it accelerates the disposal of asset to reduce debt.
Calgro warns of wider loss due to Covid-10
After returning to profitability in the second half of last year, the property developer says Covid-19 impacted its performance this year.
Netcare adopts more nuanced Covid approach
The average length of stay for Covid-19 patients requiring a critical care bed has fallen to about six days after peaking at 17.
The car dealership and rental group says its operations were closed at the height of the lockdown as they were not essential services.
After idling the furnace in July, the steelmaker says demand has recovered faster than expected.
The private equity investor took a stake in Brait just before Covid-19 resulted in the closure of gyms and non-essential retailers.
Liberty Two Degrees reports improving conditions
The mall owner says footcount at its Eastgate shopping centre is almost back to the same level as last year.
Remgro feels the impact of Covid-19
The investment holding company says the pandemic impacted the earnings of the companies in its portfolio.
Alviva supported by home workers
The ICT company has seen healthy demand for its products and services due to remote working requirements.
Hammerson wraps up capital raise
The London and JSE-listed property development and investment company says the vast majority of shareholders took up their rights.
RMI holds back on dividend as insurance
The investment holding company says its position will be dynamically assessed over the coming months.
Famous Brands writes off the rest of GBK
The group will report an interim loss due to operational losses and the final impairment of its GBK burger investment.
EPP may sell assets to reduce debt
The Polish landlord is not paying an interim dividend and is planning disposals to bring down its loan to value.
Ailing Advanced Health to sell hospitals
The hospitals group has put four SA businesses up for sale and received an offer for the others.
Investec Property Fund goes ahead with dividend
The fund is in a stronger position after selling Belgian properties and an interest in its Pan-European logistics portfolio.
Texton mulls new distribution policy
The property fund says it will take advantage of a two-month extension before deciding on its final payout for the past year.
Resilient Fairvest sticks to distribution
The shopping centre owner says its focus on lower-LSM markets in non-metropolitan areas shielded it from the worst of the lockdown.
Covid-19 scuppers Grand Parade
The investment group says the pandemic eroded all the gains it achieved in the first half of the year.
Trellidor encouraged by sales recovery
The security gate, shutter and blinds company says it lost an entire month of sales during the Covid-19 lockdown.
Attacq brakes on dividends due to Covid impact
The real estate investment trust says it will consider a final dividend next year, conditions permitting.
Sweet outcome for Tongaat Hulett
Independent expert Rothschild and Co. says it is reasonably likely that Tongaat Hulett Starch will meet a key profit hurdle.
Ascendis flags narrower losses
Results for last year have been restated after the sale of Remedica fell through but it has continued with its disposal programme.
Adcorp takes a cut in Dare disposal
The staffing and training group has sold the Australian business for a fraction of what it paid five years ago.
Sasol still shaken by Hurricane Laura
Much of the Lake Charles area has been without power since Hurricane Laura made landfall late last month.
Hulamin dented by falling beer and car demand
The aluminium products manufacturer says turnaround action taken last year has softened the blow.
AngloGold reinstates guidance, albeit lower
The gold producer has lowered its full-year forecast after some mines in Argentina, Brazil and SA were closed during the lockdown.
Arrowhead makes progress with disposals
The real estate investment trust says its sales programme has beaten expectations, as has the collection of rentals in arrears.
Caxton swings to a loss due to Covid
The publishing and printing group says due to an uncertain trading future, its board has yet to decided on an annual dividend.
SPAR trading under surreal conditions
The wholesaler and retailer has benefitted from strong sales in Switzerland and Ireland and the weaker rand.
The banking group has faced reduced economic activity, volatile markets, declining interest rates and a weaker rand.
Telkom reports mixed impact from Covid-19
The telecoms group says demand for mobile data has helped push it into number 3 position in the mobile market.
RMH expects property sector to remain tough
Due to the uncertainty around the duration of the Covid-19 pandemic, it cannot forecast the impact on the value of its property investments.
Hulamin to report biggest losses due to Covid-19
The aluminium products manufacturer says local and export sales declined due to the pandemic, while its factories were also affected.
EPP still considering interim dividend
The Polish real estate group says interim distributable income will be up to two-thirds lower as it remains focused on retaining maximum liquidity.
Woolworths expects no respite for now
After a tough second half, the retailer says the trading environment will remain challenging and uncertain for the foreseeable future.
Hyprop guides on lower earnings
The shopping centre owner says it is considering different options to settle its interim dividend and the declaration of a final distribution.
OneLogix holds dividend as profit declines
The niche logistics group has laid of 5 percent of its workers as it right-sized its business.
Blue Label bids adios to Mexico
The company is selling its non-controlling interest in Mexico as its focuses on its local distribution businesses.
Discovery reveals the impact of Covid-19
The financial services group has held back on a dividend and says payments will only resume when appropriate.
Motus withholds dividend as car sales stall
The automotive group says it will reassess the resumption of payouts this year depending on its trading results.
Record dividend as Pan African cashes in on higher gold price
The mining company has beaten full-year production guidance despite the impact of Covid-19 on its operations.
The investment group says members are returning to its Virgin Active gyms while food group Premier has had a strong first half.
Mpact declares force majeure at Springs operation
The paper and packaging group says the impact on earnings remains uncertain as it waits for power to be restored to its paper mill.
Harmony targets higher production
The gold miner says the acquisition of the Mponeng mine will help lift production in the year ahead.
ARC Investments plans rights issue
Funds raised will be used to pay for existing and new investments and settle an outstanding fund management fee.
The investment company says most of its underlying investments have been affected by the Covid-19 pandemic.
Covid-19 dents Transaction Capital growth record
The company will report a decline in earnings but says the taxi industry has rebounded and it expects benefits from WeBuyCars.
PPC falls as adds asset sales to a possible rights issue
Its shares fell sharply after it said asset sales are also on the cards as its battles to reduce debt.
Load shedding proves a drag on TFG
Adding insult to Covid-19 injury, the retail group has lost about 15,000 trading hours due to load shedding.
Bidvest delivers credible performance
Incoming CEO Mpumi Madisa will take the reins as the services and trading group recovers from the impact of Covid-19.
Metrofile increases dividend after resilient performance
The documents storage business, which is the target of a proposed takeover, says it has benefitted from annuity income streams.
Astral claims limited Covid-19 impact
Operating profit and headline earnings will be lower due to additional costs and the impact of the lockdown on chicken prices.
Harmony gets green light for AngloGold mines
The Department of Mineral Resources and Energy approved the transfer of the West Wits mineral rights to Harmony with no conditions.
Jubilee Metals gets Zambian licence renewed
The metals processing company says it will be in the position to produce its first copper concentrate within three months.
Grand Parade’s losses widen on Covid-19
The investment group has accelerated the sale of non-core assets in response to the pandemic.
RMH devalues property investments
The investment company says Covid-19 has had a big impact on valuations of its property in SA and Europe.
Afrox cushioned by stable healthcare demand
The gases and welding products group has reported lower volumes after sales were impacted by the Covid-19 lockdown.
Sasfin to report a loss due to provisions
The bank and financial services group says it has focused on ensuring a strong balance sheet to withstand further shocks to the economy.
Anglo sees sparkle return to De Beers
The diamond producer has reported a recovery in demand for diamonds as sentiment improves and lockdown conditions ease.
The fintech and payments group says it has begun reinvesting in its SA operations, with demand returning since the lockdown was eased.
Bidvest warns of Covid-19 impact
The industrial services and trading group has booked a number of impairments and additional charges as it right-sized its operations.
FirstRand takes Covid credit knock on the chin
The banking group says activity levels are expected to remain muted for now, but it is positioned for a recovery when things normalises.
Most challenging period for Sanlam
Covid-19 turned the tables on what started out as a positive year for the insurance group.
Harmony to report a loss despite higher gold price
While sales benefitted from the higher rand gold price, the weaker rand impacted dollar borrowings and the value of its gold hedges.
Balwin impacted by construction lockdown
The residential property developer says it lost about three months of construction activity as a result of the lockdown.
Zeder CEO quits amid strategy shift
Norman Celliers, who was instrumental in rationalising its investment portfolio, leaves at the end of the month.
Cautious Growthpoint holds back on dividend
The REIT deferred its decision on a final dividend until later this year as a precautionary measure to provide additional financial flexibility.
Momentum Metropolitan misses target due to Covid-19
The insurance group maintains its Reset and Grow strategy has placed in it a better position to manage the impact of the pandemic.
Sabvest fares better than expected
The investment company expects a recovery in most of its underlying investment companies next year if there are no further lockdowns.
Alviva warns of lower earnings
The ICT products and services group says it has focused on maintaining and improving equity to ensure its sustainability.
No dividend as Aspen gets debt down
Following a number of disposals, the pharmaceuticals group says a reshaping process is complete.
Mustek relatively unscathed by Covid-19
The ICT group says there was increased demand for its products and services as more people worked from home.
Shoprite beats the recession blues
The supermarket giant has grown volumes as it increased its share of the local grocery market.
Aspen rallies on European thrombosis sale
The pharmaceuticals group says the deal supports its strategy to earn more of its revenue in emerging markets.
Impairments push Merafe into a loss
The company has held back on an interim dividend to focus on capital management and cash preservation.
Labat feeds its growing weed business
The investment group is negotiating to buy a cannabis cultivation operation in the Eastern Cape as it grows its medicinal cannabis business.
AVI benefits from snacking during lockdown
Due to healthy cash generation and an expected recovery in businesses affected by the lockdown, the company has declared a final dividend.
Metrofile rallies on trading statement
The documents storage business will post a strong rise in headline earnings but a basic loss for the year to June.
Capitec warns of Covid earnings hit
The bank has been impacted by rising credit impairments and a decline in transaction volumes as a result of the lockdown.
Brait marks down Iceland price tag
The investment group is giving the buyers a rebate in return for full payment almost two years ahead of schedule.
Kibo acquires new power project
The energy group is acquiring power plants to take advantage of the fast growing reserve power market in the UK.
Covid-19 takes a heavy toll on Bell
The equipment maker and distributor has also announced changes to its arrangement with shareholder John Deere.
Luxe Holdings flags narrower loss
The company, formerly called Taste Holdings, attributes the improvement to dilution following a rights issue in February.
Putprop increases dividend as conditions deteriorate
The property investment company says trading conditions will remain challenging, constraining capital and dividend growth in the sector.
C&R withholds dividend as earnings tumble
Due to the current level of uncertainty, the shopping centre owner says it will not resume dividends until market circumstances improve.
Encouraging support as MC Mining receives funding
The company is making progress in securing the balance of Phase 1 funding for its Makhado Project following lockdown delays.
Telkom scotches rumours of rights issue
The telecoms operator says an amendment to its resolutions was not an expression of its intention to issue more shares.
Big dividend as Implats posts record earnings
A strong operational performance combined with rising metals prices helped offset the impact of Covid-19.
Santam counts the cost of Covid-19
The insurer has reported a decline in its underwriting margin due to Covid-19 related claims, partly offset by benign motor claims.
Truworths pays dividend despite Covid losses
Despite more hefty impairments, Truworths is providing more funding to Office and says it is committed to turning the UK chain around.
City Lodge withholds dividend after challenging year
With almost all its hotels closed, the group earned practically no revenue in the final quarter of its financial year.
While the group missed out on restaurant trade during the lockdown, consumers bought more of its products to prepare food at home.
RDI cuts retail exposure with German disposal
The real estate investment trust says retail property now make up less than a quarter of its total portfolio.
Hammerson consolidates ahead of capital raise
The 24 for 1 rights issue will be highly dilutive for shareholders who do not take up their rights.
Strong response to Renergen LNG auction
With registrations completed, the emerging natural gas producer says allocations will be made following the end of the bid process in October.
Covid-19 has resulted in significant provisions at associates Momentum Metropolitan and Discovery.
Old Mutual defers dividend following Covid-19 hit
The insurer says it will revisit its decision at the end of the year once it has a clearer picture of the economy.
Cashbuild pays dividend despite tough conditions
The building materials retailer says the hard lockdown cost it an estimated R600 million in revenue.
Safe haven demand pays off for DRDGOLD
The gold company has raised its final dividend by 75 percent as it benefited from increased production and a higher gold price.
Pan African Resources flags big profit increase
The gold producer says headline earnings will be almost double those reported last year thanks to the higher gold price.
Transpaco unpacks earnings surprise
The packaging manufacturer says its plastics division beat expectations after suffering a three-month strike the previous year.
Ecsponent probes misappropriated loan
The company says its ability to service the facility has been impacted and it is trying to renegotiate terms with the lender.
ADvTECH passes 1st semester despite Covid-19
The private education and resourcing group says its schools division reported an improved performance due to measures taken before the pandemic.
Diversified portfolio cushions African Rainbow
The mining company says higher PGM and iron ore prices made up for a decline in manganese and thermal coal.
Life Healthcare in recovery mode
The private hospital group says revenue has recovered as it prepares for the resumption of elective procedures at its facilities.
Sasol reports limited damage from Hurricane Laura
The energy and chemicals group says it has insurance cover as its manufacturing facilities in Lake Charles remain closed.
Sun International reveals big Covid-19 loss
The hotel and gaming group says there will be no quick recovery to previous trading levels but it will continue to reduce debt.
Northam delivers record earnings despite Covid setback
The platinum producer says it has returned value to shareholders by buying back Zambezi preference shares.
Steinhoff encouraged by recovery
The retail group says its main trading subsidiaries are poised to gain market share due to their resilient and defensive discount offerings.
Grindrod Shipping navigates Covid storm
The shipping group says the pandemic has exacerbated an environment that has been challenging and volatile for the last several years.
MAS sticks to disposal plan despite Covid-19
The European real estate company says while the pandemic hampered disposals, it is proceeding with the sale of Western European assets.
Discovery hit by Covid-19, volatile rates
The insurer and financial service group says full-year headline earnings could be wiped out by the impact of Covid-19.
Distell displays Covid-19 hangover
The drinks group says it is working to make alcohol consumption safer as prohibition is a blunt instrument.
Massmart’s losses widen due to Covid-19
With sales under pressure, the retail and wholesale group racked up additional costs due to the pandemic and an internal restructuring.
Sibanye-Stillwater reinstates dividends on record earnings
The company says the outlook for the second half of the year is extremely positive as its local operations achieve optimal production.
The distributor of airtime, data and electricity vouchers says most of its products and services have been essential during the lockdown.
Grindrod remains resilient amidst pandemic
The freight, logistics and financial services group says its cash generation and balance sheet remain strong.
Resilient comes through with dividend
The real estate investment trust says it cannot provide any guidance for the year ahead due to the ongoing uncertainty.
Adcock not dispensing a dividend
The pharmaceuticals group says it prefers to adopt a prudent cash preservation approach until the full impact of Covid-19 is better understood.
Stadio makes progress with branding strategy
The tertiary education group says Covid-19 has created a shift in the perception and attractiveness of distance learning.
Murray hit by Covid-19 impairments
The engineering and construction services group says its exposure to natural resources positions it well for a recovery.
Bidcorp prepares for the new normal
The food services company says a majority of its customers emerged from hibernation and sales continue to recover.
Covid-19 bores into Master Drilling’s performance
The drilling specialist says many of the 23 countries where it operates imposed restrictions due to Covid-19.
Lewis declares dividend despite Covid-19 impact
The furniture and appliances retailer plans to open 20 new stores this year despite the lingering impact of the pandemic.
Italtile optimistic about its prospects
The tile retailer and manufacturer is paying a final dividend and plans to grow its store network in the year ahead.
Dis-Chem benefits from online shift
The discount pharmacy chain says Covid-19 has matured the e-commerce environment and consumer adoption by three to five years.
Imperial positioned for changing market trends
The logistics group has been impacted by Covid-related costs but says it is well positioned to capture new opportunities that arise.
Absa battered by rising bad debts
The banks says all its business units remain profitable despite the Covid-19 impact on credit impairments.
Old Mutual forecasts first-half loss
The group has booked a number of impairments in anticipation of rising death claims and the impact of Covid-19 on the economy and its business.
Aspen rises on potential Europe deal
The pharmaceuticals group has been selling non-core assets to reduce debt that has been worrying investors.
Famous Brands sells tashas back to founders
The restaurant group has not disclosed how much it received for returning the upmarket cafe chain to full family ownership.
Bidcorp warns of lower earnings
The global food services business suffered a big decline in fourth-quarter sales and has racked up additional abnormal costs.
Tongaat fined again for accounting fraud
The FSCA says the restated financial resulted have highlighted the gap that existed between prior public statements and the financial reality.
Sun International lets go of Latam Dreams
The group will use the $160 million from the sale of Sun Dreams to extinguish offshore debt in Latin America and reduce local gearing.
NEPI Rockcastle offers shares in lieu of dividend
The shopping centre owner wants to protect its balance sheet and liquidity due to Covid-19 fallout.
RCL suffers from restaurant closures
The food group will report a significant decline in headline earnings and a basic loss for the year due to hefty impairments.
Insimbi optimistic despite Covid-19 challenges
The metals recycler says it lost 7 weeks of revenue in its new financial year due to the hard lockdown.
Covid-19 masks Tiger’s recovery
The fast-moving consumer goods group will report a decline in full-year earnings as the pandemic added to its costs.
The group has booked some impairments as it may take two to three years to get back to pre-Covid-19 levels of activity.
Implats flags earnings bonanza
The platinum producer says a big increase in the dollar basket price for PGMs, together with the weaker rand, are behind the increase.
Nedbank warns of elevated impairments
The banking group says its credit loss ratio will remain above levels reached during the global financial crisis this year.
Standard Bank’s earnings fall as bad debts rise
The bank says risk remains high and should the outcome be worse than expected, additional provisions will be required.
Mr Price rings up lower sales due to Covid-19
The value retailer claims to have gained market share even as sales were impacted by the lockdown and the challenging economic environment.
Gold Fields benefits from new projects, rising gold price
Despite the recent rally, the gold producer says it continues to run and plan its business at lower gold prices.
Massmart’s interim loss tops R1 billion
Excluding the impact of Covid-19, the mass retailer and wholesaler said its losses for the period would probably have been smaller.
Santam to report lower earnings
The short-term insurer has been impacted by lower underwriting and investment results, as well as impairments.
Curro grows learner numbers despite Covid-19
While there has been a decline in enrolments since January, the private schools group is still showing year-on-year growth in learners.
Metair positioned for recovery
The group is focused on new model launches and has approved a big investment to support new vehicle projects.
Never a dull day at Office for Truworths
Following a big impairment last year, the retail group has written down UK chain by a further R2.8 billion.
MTN names Ralph Mupita as new CEO
Ralph Mupita has been CFO since 2017 and has played a critical role in developing and executing its strategy, capital allocation and financial performance.
Grindrod to report wider loss despite resilient performance
The freight, logistics and financial services group says cash generation remains strong, as does its balance sheet.
After a strong start to the year, the engineering and construction services group says Covid-19 contributed to a perfect storm.
Sanlam warns of Covid-19 impact
The insurer will book R7.8 billion in impairment charges after Covid-19 impacted the value of its international businesses.
BHP braced for a challenging year
The diversified resources group says it should still generate returns due to its diversified portfolio of high-quality assets.
PPC cements over cracks in its accounts
The cement producer has delayed the release of its annual results due to disruptions caused by Covid-19 and after restating its 2019 numbers.
Fortress warns of lower distribution
The real estate investment trust is tweaking its model so it can pay out less to A shareholders due to Covid-19.
Balwin to report lower earnings
The residential property developer held off on a final dividend last year due to uncertainty about Covid-19.
Resilient expects reduced payout
The real estate investment trust says it will stick to its dividend policy despite the impact of Covid-19.
Northam snaps up more Zambezi prefs
The platinum producer has now bought back close to half the preference shares issued to fund its empowerment deal.
Libstar supported by robust retail demand
The branded food producer will report a decline in interim earnings after it incurred extraordinary expenses as a result of Covid-19.
Sasol to pursue rights issue as impairments result in losses
The exact amount to be raised will depend on how much the energy and chemicals group gets from asset disposals.
Tiger Brands finds buyers for VAMP business
The group will dispose of its meat processing business in two separate transactions worth a total of R428 million.
Momentum Metropolitan warns of earnings decline
The insurance group says there has also been a data breach following a cyber attack on one of its subsidiaries.
Afrimat bulks up on iron ore with Coza acquisition
The construction materials and bulk commodities producer will acquire a 25 percent stake in Coza from ArcelorMittal as part of the transaction.
Master Drilling warns of lower earnings
The drilling specialist says many of the 23 countries where it operates imposed restrictions due to Covid-19.
Europa Metals rallies on new Toral estimate
The minerals exploration and development company has raised the resource estimate of its Toral project by 40 percent.
Impairments to push KAP into a loss
The industrial holding company will report a basic loss after Covid-19 and the weak polymer market resulted in impairments.
Sweeter results as Tongaat cleans up
The sugar producer and agri-business says the restructuring has better positioned it to ride out Covid-19.
Woolworths rings up lower earnings due to Covid
Apart from the impact of Covid-19, the retailer has also been affected by new accounting methodology.
Sibanye-Stillwater flags surge in earnings
After a strike at its gold mines last year, the precious metals producer will return to a strong profit thanks to higher metals prices.
Jubilee rallies on chrome deals
The metals processing company has secured material for its Windsor recovery plant while increasing its processing capacity.
Brait announces a new deal for New Look
The investment group said it is confident that a recapitalisation on top of steps taken by management will support the struggling fashion chain.
Record volumes and weak rand support Exxaro
The resources group has reported a strong increase in first-half earnings as a softer currency helped offset lower thermal coal prices.
PPC’s Ball sets refinancing in motion
The cement producer is negotiating a more sustainable structure for debt in the DRC and may pursue a rights issue.
Customers return to Famous Brands’ GBK
The restaurant group says the board of GBK is reviewing options available to the business after it cut off further financial assistance.
Redefine declares dispute over Mall of the South put option
Property investment and development company Zenprop plans to exercise its option to sell Mall of the South Property Development.
Peregrine buyout enters the final straight
Following Competition Tribunal approval, the private equity buyout still hinges on a couple of outstanding conditions.
Clicks ready to dispense dividend despite Covid-19
Although pharmacy sales have not fared as well, the group has reported a strong rise in retail and wholesale turnover so far this year.
FirstRand steels itself rising credit losses
The financial services group says an increase in credit impairments is largely to blame for an expected drop in earnings.
Absa warns of sharp earnings decline
The banking group says credit impairments were four times higher in the first half of its financial year due to Covid-19.
Harmony gets big boost from rising gold
The company says its operating free cash flow margin is likely to double following a 25 percent jump in the gold price.
Quilter makes it through its most challenging first half
The wealth manager says while it is used to managing through financial market volatility, the last six months were unprecedented.
Sephaku swings to a loss as infrastructure spending dries up
The building and construction materials group says Covid-19 could not have come at a worse time for the industry.
Impairments push Sasol into a loss
The energy and chemicals group says it was impacted by Covid-19 and a severe decline in crude oil and chemical product prices.
Exxaro aided by record coal exports
The diversified resources group says while the operating environment remained challenging, its managed operations were resilient.
Stadio weathers the Covid pandemic
The higher education group expects first-half core headline earnings to be as much as 30 percent higher than last year.
AngloGold set for strong annual payout
The gold producer has reported a big increase in free cash flow, assisted by a 26 percent year-on-year increase in the gold price.
The private schools group says first-half earnings were impacted by a R67 million impairment but recurring earnings will be higher.
Lewis raises impairments due to Covid-19
The furniture and appliances retailer says it lost out on sales and customer account payments in March as the lockdown took effect.
Richemont proposes new loyalty scheme
The luxury goods group plans to reward shareholders with tradable warrants after trimming its dividend ratio.
Strong support for Orion capital raise
The Australian minerals exploration and development company will use the proceeds from the share issue to advance its Prieska project in the Northern Cape.
Jubilee moves closer to copper target
The metals processing company has entered a JV that will accelerate copper production at its Sable Refinery in Zambia.
MTN hanging up on Middle East operations
The cell phone network operator says it is focusing its future strategy on its African markets, where growth has been strong.
Hammerson to reduce debt with rights issue, disposal
The shopping centre owner will ask shareholders for more cash to reduce debt and strengthen its defences against Covid-19.
Mondi rallies on dividend resumption
After a resilient first-half, the paper and packaging group resumed has dividends, recognising the importance to shareholders.
Glencore suspends dividends to cut debt
The mining and commodities marketing giant is prioritising debt due to the uncertainties presented by Covid-19.
No battle in RMI's bid for Hastings
RMI and OUTsurance plan to raise their stake in the UK insurer to 30 percent, with the option of an additional 10 percent.
Covid provisions push Liberty into a loss
The life assurer has set up a R3 billion reserve fund to cover increased mortality claims, withdrawals and lapse rates.
DRDGOLD lifts production but misses target
The gold producer has come in just shy of its full-year production guidance due to Covid-19 but has benefitted from a higher rand gold price.
Covid-19 and power cuts decimate Mpact’s earnings
The packaging group says it was impacted by the closure of quick-service restaurants and the banning of alcohol sales.
Gold Fields rides the bullion rally
The gold producer will report a strong rise in interim earnings as it maintained production amid a rising gold price.
JSE benefits from Covid-19 turbulence
The exchange operator says its first half performance masks the structural impediment of the SA economy.
Pick n Pay rings up Covid-19 costs
The supermarket group says first-half earnings will be less than half those reported last year due to Covid-19 and retrenchment costs.
Cashbuild extends reach with TBC acquisition
The R1.1 billion deal will increase its presence in the coastal regions and expose it to the higher end of the market.
RBPlat's profits surge despite Covid-19
The platinum producer lost 45 days of production due to the pandemic but was supported by higher metal prices.
Blue Label warns about Cell C default
The mobile operator says the non-payment was not a surprise to lenders that understood its turnaround strategy.
Cartrack grows revenue despite Covid disruption
The vehicle telematics group says new subscriber additions decelerated in the three months to end-May as a result of the pandemic.
Ecsponent sells MyBucks Zambia stake
The investment group says it will use the proceeds to settle high yield debt as it restructures its business.
Shoprite exiting Nigeria as local sales rise
The retailer has reported a strong increase in SA sales despite the challenges posed by Covid-19.
Hammerson mulls rights issue and JV exit
The shopping centre owner is battling to reduce debt as it collects just a portion of its rentals due to Covid-19.
Renergen ready to drill first well
The emerging natural gas and helium producer says results from the Virginia Gas Project are still a month or so away.
Implats appoints new chairman designate
Thandi Orleyn will replace Mandla Gantsho as chair of the platinum producer after its AGM in October.
The digital technology company says there has been a big decline in project spending by its customers.
Trematon sells Gansbaai centre
The disposal is line with with its strategy of optimising investment returns.
MTN holding back on an interim dividend
The network operator is preserving its liquidity due to Covid-19 uncertainty but may pay a final dividend at year-end.
Glencore supported by marketing business
The group says its marketing arm has risen to the challenge posed by Covid-19, with strong counter-cyclical earnings.
Gloomy outlook as Novus reports a loss
The print and packaging group says it is only likely to return to a profit in 2022 if the lockdown lifts by next March.
Sebata holding out for NOSA proceeds
If the ICT company receives the earn-out owed to it from the NOSA disposal it is likely to dish it out to shareholders.
Astoria encouraged by trading at CNA
The investment group led a consortium of investors that bought the stationary chain from Edcon in April.
Europa Metals pours cold water on recent rally
Its share price retraced some of its recent heady gains after it said there was no material event to explain the recent surge.
Diamond’s aren’t Anglo’s best friend
The diversified resources group says first-half sales volumes at subsidiary De Beers fell close to a half.
AB InBev hails the return of beer drinkers
The global brewing giant has impaired its African operations and says the second alcohol ban in SA will affect its third-quarter performance.
Steinhoff’s loss widens as Covid impacts sales
The retail group says the financial costs of its restructuring also continues to be substantial as it seeks to settle lawsuits.
Sappi says demand is slowly returning
The pulp and paper producer fell into a quarterly loss as Covid-19 added to already weak markets for dissolving pulp and graphic paper.
Surprise as AngloGold CEO quits
The gold mining company gave no reason for Kelvin Dushnisky leaving on 1 September after two years at the helm.
Sasol sells oxygen site to reduce debt
The energy and chemicals group is selling the site to a unit of French multinational Air Liquide as part of its accelerated disposal programme.
Standard Bank warns of Covid earnings hit
The bank says headline earnings may halve due to the impact of continent-wide lockdowns on economic activity.
EOH fined the max for false financials
The JSE blamed a lack of governance and oversight mechanisms, inadequate and ineffective controls and systems on previous management.
Grand Parade gets smaller burger deal due to Covid-19
The sale to ECP Africa Fund was renegotiated due to the risk introduced by Covid-19 and the sales impact of the lockdown.
AECI to pay dividend despite Covid-19 challenges
Although its markets remain affected, the chemicals and explosives group says its solid financial position allows it to pay an interim dividend.
Accelerate holds back on dividend
The property fund, which owns half of the Fourways super-regional mall, says it is also unlikely to pay a dividend for its 2021 year.
Kumba plans expansion despite Covid-19 risks
The company plans to develop a new pit that will extend the life of its Kolomela mine and says it is encouraged by the recovery in...
The service station operator says fuel sales have rebounded following the easing of lockdown restrictions.
Bowler Metcalfe flags improved profitability
The plastics manufacturer says trading has been reasonable throughout the lockdown, with some beneficial procurement opportunities.
Comair asks for more time for business rescue plan
The business rescue practitioners need another month to finalise short-term bridge funding and advance two offers from potential investors.
Impairments add to Sebata’s headline loss
The information and communications technology group says its headline loss was impacted by the write-down of financial assets.
Amplats reports lower earnings due to Covid disruptions
The platinum producer says its second half should be stronger, although significant risks and headwinds still exist.
Invicta starts new year with a clean slate
The investment holding and management company took a decision to seriously review its balance sheet, resulting in significant impairments.
Steinhoff offers settlement to resolve claims
The group says if all claims against it were successful, its net asset value would fall short of the amount needed to settle them.
AngloGold to report higher earnings as gold rallies
The gold producer has benefitted from a rising gold prices, higher foreign exchange gain and lower once-off costs.
Santam to provide R1 billion in relief to business customers
Insurers have been under pressure from the authorities to provide some relief to their clients as an interim measure ahead of court rulings.
Liberty to swing to a first-half loss
The life assurer has set aside R3 billion to cover the expected increase in mortality and retrenchment claims as a result of Covid-19.
L2D holds back on dividend as it cuts its portfolio value
The shopping centre owner says it will consider the payment of a final dividend with its full-year results.
Octodec to revisit distribution policy
After withholding an interim distribution, the real estate investment trust says it will decided on its policy with its full-year results.
Delta offloads Grit stake ahead of delisting
Grit is consolidating its three listings into two, which it says will save on costs and boost trading in London and Mauritius.
Woolworths saved by food sales as clothing declines
The retailer benefitted from a big rise in online sales as it marked down merchandise to manage inventory and generate cash.
MTN rallies on earnings bonanza
First-half earnings were boosted by disposals while headline earnings gained from non-operational items.
Lockdown costs Pepkor billions in sales
The retailer says sales have recovered strongly following the relaxation of lockdown restrictions and as consumers trade down.
City Lodge to slump into a loss
The hotel group has reopened some of its hotels as lockdown restrictions ease but occupancies remain low.
Sasol's last US unit has been delayed
The Low Density Polyethylene Unit plant at Lake Charles is now expected to reach beneficial operation before the end of October.
Vodacom reports higher traffic as customers stay at home
The network operator says a big rise in volumes offset the impact of lower tariffs after it cut the price of its data.
The cement producer partly attributes a recovery in sales volumes last month to an absence of imports in the market.
Invicta rally halted on looming loss
A week-long rally in its shares ended after it warned of the extent of its full-year loss.
Implats flags significantly higher earnings
The platinum producer says it has benefitted from a rise in the price of platinum group metals and a weaker rand.
Spur laments alcohol ban and curfew
The restaurant group says earnings for the year are likely to be at least 40 percent down from last year due to Covid-19.
Eastplats eyes platinum re-treatment JV
The group is looking into the feasibility of processing platinum group metals at its Zandfontein operation.
