Frontier Transport appears to be using debt conversatively
Debt is a common risk factor for businesses, so it is important to consider a company’s balance sheet when assessing its riskiness. Frontier Transport Holdings Limited (JSE:FTH) does have debt, so shareholders should carefully consider the company’s debt levels and its ability to repay its debts before investing.
Fortress Real Estate reports highest occupancy level since listing
Fortress Real Estate, a JSE-listed property group, has seen its vacancies fall to their lowest level since listing in 2009. This is a positive sign, but the company is still unable to pay a distribution to shareholders. The reason for this is that both the interim and second-half earnings were below the required levels necessary […]
Woolworths plans to invest more than $500 million in capital expenditures up to 2026
Woolworths is committed to providing its customers with the best possible experience. The company’s investment of $538 million over the next three years will help to improve the stores, the products, and the overall shopping experience. Read the full article on
Pharma is recovering after the drop in Covid vaccine sales.
Aspen Pharmacare and Adcock Ingram, two JSE-listed pharmaceutical manufacturers, are looking to diversify their businesses after the decline in COVID-19 vaccine sales. They are both confident that they can weather the storm and continue to grow their businesses. They have a strong track record of innovation and are well-positioned to take advantage of new opportunities. […]
Master Drilling produces great interim results with increased revenues
Following a solid 2022 performance, JSE-listed Master Drilling achieved another good performance for the six months ended June 30, with revenue up by 12% year-on-year to $108.2-million, CEO Danie Pretorius says. Operating profit was up 22.8% to $21.2-million. The increase in revenue and operating profit follows a record 2022 despite difficult operating conditions experienced globally. […]
Cell C pulling down Blue Label’s earning
Blue Label Telecoms warned shareholders that its earnings for the year ended 31 May 2023 could be significantly lower due to the Cell C recapitalisation. Blue Label Telecoms, the largest shareholder in Cell C, said that the recapitalisation of the mobile operator could drag down its earnings by up to 66%. Read the full article […]
What ESG entails for corporate supply chains
Environmental, Social and Governance (ESG) is fast becoming essential for a majority of JSE-listed companies. Most firms today have some form of ESG rating, including factors that rate the maturity of their sustainability and the reliability of their reporting. Read the full story on Moneyweb.
Vukile Property Fund’s R526 million bond issuance oversubscribed
Vukile Property Fund, a JSE-listed real estate investment trust, has issued R526 million in senior unsecured corporate notes, with strong investor demand. The initial target issue amount of R500 million was 4.1 times oversubscribed, with bids totaling R2-billion received. Read the full story on Engineering News.
AngloGold shareholders give support to move listing to NYSE
The world’s fourth-largest gold producer, AngloGold Ashanti is moving its primary listing to the US in a bid to access deeper capital markets and improve its valuation. The move is part of the company’s strategy to become a more global player and attract more investment from the US. Shareholders approved the company’s plan to move […]
Bill Gates’ foundation buys shares in JSE-listed Anheuser-Busch InBev
The Bill & Melinda Gates Foundation Trust increased its stake in Warren Buffett-owned Berkshire Hathaway in the second quarter of 2023, and also bought a stake in JSE-listed Anheuser-Busch InBev. These investments helped to boost the value of the foundation’s stock portfolio to a record high of $42.06 billion. Anheuser-Busch InBev is the world’s largest […]