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LATEST Companies and Deals  

WBHO expects 150% earnings slump, gets unsolicited bid for Probuild

4 Jun 2020 /  Roy Cokayne  
Bid could 'unlock nice value and be a graceful exit out of Australia' – analyst.

Zoom nearly doubles revenue forecast on remote-work boost

3 Jun 2020 /  Ayanti Bera and Stephen Nellis, Reuters  
But costs rising.

Virus wipes 20% off FNB customers’ income

3 Jun 2020 /  Roxanne Henderson, Bloomberg   7
In line with guidance from other South African lenders.

Mediclinic’s share price up, despite doubling FY losses

3 Jun 2020 /  Suren Naidoo  
Covid-19 uncertainty sees group suspending second half dividend pay-out for the first time.

JSE probes Capitec directors’ share trading

3 Jun 2020 /  Ann Crotty   11
The second time in three months that the bank cofounder's hedging strategy has made the news.

Mediclinic sees full-year loss widen

2 Jun 2020 /  Promit Mukherjee, Reuters   1
'A high degree of uncertainty remains regarding the progression of the pandemic and its full impact.'

‘Unprecedented’ increase in roadworks tenders

2 Jun 2020 /  Roy Cokayne   7
Bids for projects totalling R25bn invited so far this year, says Raubex.

FNB really wants you to draw cash at tills

2 Jun 2020 /  Hilton Tarrant   15
And keeps all monthly account fees unchanged.

Financial sector executives are getting richer

2 Jun 2020 /  Ann Crotty   9
While investors and savers get poorer. A look at PSG, Coronation, Trencor and more.

Alcohol purchasing surges amid pandemic

2 Jun 2020 /  Melitta Ngalonkulu   15
Consumers worry government might make a U-turn on its decision to lift the sales ban.

Rand advances on easing coronavirus fears

1 Jun 2020 /  Olivia Kumwenda-Mtambo, Reuters  
Stocks rose as factories, restaurants, mines and shopping malls reopened and millions returned to work.

Liberty Two Degrees to write off remaining R17.5m Edcon stake

1 Jun 2020 /  Suren Naidoo   1
Full impairment comes after it initially pumped in around R25m as part of rescue effort.

Standard Bank flags more than 20% fall in H1 earnings

1 Jun 2020 /  Tanisha Heiberg, Reuters  
Interim results are expect to be released on August 20.

Covid-19 recovery will take years – Tsogo Sun Hotels CEO

UPDATE
1 Jun 2020 /  Suren Naidoo   5
March was 'a catastrophe', with the start of lockdown resulting in the total closure of its portfolio.
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