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Headwinds for Hyprop as SA portfolio devalued by R1.1bn
UPDATE

Headwinds for Hyprop as SA portfolio devalued by R1.1bn

28 February 2020  / Suren Naidoo   5
Latest results also show that group distributable income for its half-year to the end of December 20...
SAA rescuers get extra month to make plan

SAA rescuers get extra month to make plan

28 Feb 2020 /  Antony Sguazzin, Bloomberg   3
The extension is to allow committees representing SAA employees and creditors to give feedback on a draft version of the plan.
Massmart’s 2019 annus horribilis

Massmart’s 2019 annus horribilis

28 Feb 2020 /  Suren Naidoo   5
First full-year loss since listing on the JSE in 2000.
Steinhoff sales rise in Christmas quarter on strong Pepco performance

Steinhoff sales rise in Christmas quarter on strong Pepco performance

27 Feb 2020 /  Nqobile Dludla, Reuters  
Pepco Group reported a 15% jump in revenue, driven by the expansion of its PEPCO and Dealz brands.
JSE-listed IT companies’ torrid start to the decade

JSE-listed IT companies’ torrid start to the decade

27 Feb 2020 /  Duncan McLeod   4
EOH is the poster child of how spectacularly bad things can get.
Massmart reports its first FY loss since listing on the JSE

Massmart reports its first FY loss since listing on the JSE

UPDATE
27 Feb 2020 /  Suren Naidoo   6
Declares a R1.3bn loss, share price slides.
Distell to consider Mozambique expansion

Distell to consider Mozambique expansion

27 Feb 2020 /  Emma Rumney, Reuters   1
The company is pursuing a plan to expand across Africa.
Motus increases its presence in China

Motus increases its presence in China

27 Feb 2020 /  Roy Cokayne  
Group has set up a distribution centre in Shanghai, aims to invest up to R500m in acquiring stakes in Chinese automotive aftermarket parts.
Shoprite’s selling property to pay for online, store upgrades

Shoprite’s selling property to pay for online, store upgrades

26 Feb 2020 /  Janice Kew, Bloomberg   
The CEO is expecting 'very good returns' as a result.
Court to rule on Telkom job cuts in March

Court to rule on Telkom job cuts in March

26 Feb 2020 /  Loni Prinsloo, Bloomberg   
Telkom is allegedly rushing the process to cut jobs, union says.
South Africa curtails debt guarantees for state-owned companies

South Africa curtails debt guarantees for state-owned companies

26 Feb 2020 /  Amogelang Mbatha, Bloomberg   1
Approved guarantees for debt issued by state-owned companies will decrease by R3.3bn to R484.4bn.
Labour union in court bid to stop Telkom job cuts

Labour union in court bid to stop Telkom job cuts

26 Feb 2020 /  Loni Prinsloo   1
The former monopoly started the consultation process with labor unions in January.
Aveng: State’s approach to construction mafia is ‘contradictory’

Aveng: State’s approach to construction mafia is ‘contradictory’

26 Feb 2020 /  Roy Cokayne   15
Government moots using Prevention of Organised Crime Act; listed group claims Sanral wants to pass all the risk onto contractors.
Mango stops Lanseria flights

Mango stops Lanseria flights

26 Feb 2020 /  Hilton Tarrant   10
All routes halted, in favour of OR Tambo International.
JSE profits plummet, expenditure increases

JSE profits plummet, expenditure increases

25 Feb 2020 /  Melitta Ngalonkulu   1
New recruitments and technology costs to stay competitive take their toll.

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