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Standard Bank warns of up to 50% profit slump

29 Jul 2020 /  Emma Rumney, Reuters   3
Headline earnings per share for the period would likely be between 30% and 50%, compared to the 837.4 cents it reported in the same period last year.

New Toyota hybrid part of R2.5bn Durban investment

29 Jul 2020 /  Suren Naidoo   7
Plans ‘still on track’ despite Covid-19.

SAA rescue plan comes into operation

28 Jul 2020 /  Tebogo Tshwane    21
Rescue practitioners say the company's restructuring plan is now unconditional.

East London dairy JV invests R70m locally

28 Jul 2020 /  Melitta Ngalonkulu   2
Join venture is set to supply local produce to quick-serve restaurants like McDonald's and Burger King.

Wiese endorses Steinhoff’s R19bn settlement plan

UPDATE
28 Jul 2020 /  Ann Crotty   13
Precedent-setting proposal could see 'market purchase' shareholders who suffered losses compensated with R5bn.

SAA administrators, government in guarantee impasse

27 Jul 2020 /  Antony Sguazzin and Prinesha Naidoo, Bloomberg   6
Business rescuers want an agreement for R16.4bn to be paid into an escrow account.

Old Mutual to move Zimbabwe listing

27 Jul 2020 /  Ray Ndlovu and Godfrey Marawanyika, Bloomberg  
As currency war escalates.

Liberty Two Degrees hit by R1.5bn portfolio devaluation

UPDATE
27 Jul 2020 /  Suren Naidoo   21
Covid-19 fallout largely to blame.

Amplats first-half earnings fall as pandemic and closure of processing facilities weigh

27 Jul 2020 /  Tanisha Heiberg, Reuters   2
Headline earnings per share (HEPS) for the six months to June 30 fell to R26.27 per share, a decrease of 7%

Steinhoff proposes R16.55bn settlement to solve legal disputes

UPDATE
27 Jul 2020 /  Emma Rumney, Reuters   8
Deal needs creditors, regulators and claimants to agree.

Conflicts of interest, backtracking and moving the chessboard pieces

27 Jul 2020 /  Ann Crotty   9
It seems the BRPs doing large rescues didn't think through the ‘un-market-related’ fee issue before scurrying to submit their tenders, while Vodacom, PPC and Woolworths post results and Investec makes an announcement.

Hollard to pay relief to clients hit by lockdown

25 Jul 2020 /  Roxanne Henderson, Bloomberg   1
Insurer to pay clients covered for contagious diseases under the terms of their business-interruption policies.

De Beers rethinks business after diamond collapse exposes cracks

24 Jul 2020 /  Thomas Biesheuvel, Bloomberg   1
Considering ways to restructure mines, expand in jewelry and overhaul diamond sales.

Fita loses High Court appeal, but is not backing down

24 Jul 2020 /  Melitta Ngalonkulu   3
Plans to petition the Supreme Court of Appeal for the right to appeal.

MTN buoyed by expected leap in first-half earnings

24 Jul 2020 /  Samantha Machado and Nqobile Dludla, Reuters   1
Sending its shares up more than 7%.
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