Comair ticket-holder claims due by June 17
◆ Comair ticket holders have until June 17 to claim: Comair ticket holders have until June 17 to make a creditor’s claim. If this is not made, they have until the end of October next year to use the value of the ticket for another flight with the group.
◆ SA Corporate Real Estate: The real estate investment company announced that Ebrahim Seedat will retire as director of the company with effect from June 30, and will not stand for re-election at the company’s next annual general meeting to be held on the same date. Naidene Ford-hoon, who was appointed to the board on July 17, will replace Seedat as member on the audit committee.
◆ Anglogold shuts Mponeng mine: Anglogold temporarily shut the world’s deepest gold mine after 164 employees tested positive for the coronavirus, shortly after the government allowed the limited reopening of the country’s underground mines.
◆ Vukile Property Fund plans to divest from the UK: Jse-listed diversified property group Vukile will sell its controlling stake in Atlantic Leaf Properties in a move that will result in the company exiting the UK market.
◆ Tradehold opts to pay dividend as other property firms demur: Tradehold stands out as one of the few South African-invested property companies prepared to pay a dividend this year.
◆ Lighthouse Capital raises almost R270 million: Lighthouse Capital, formerly known as Greenbay Properties, which owns malls in Portugal and Slovenia, said it had raised R267m through an equity bookbuild, thanks to support from five institutional investors.
◆ Independent Regulatory Board for Auditors (Irba) “must not name” former Tongaat Hulett official as chief executive: The Organisation Undoing Tax Abuse (Outa) said it has written to Finance Minister Tito Mboweni to have the appointment of Jenitha John as Irba chief executive halted.
◆ Tsogo Sun Gaming warns of writedowns: The share price of casino operator Tsogo Sun Gaming was at a record low, after it warned it has seen writedowns about equivalent to its R2 billion market capitalisation in its year to end March.
FOREIGN
◆ VW ad agency investigates potential sabotage over racist advert: A Berlin-based agency owned by advertising giant Omnicom was investigating whether an act of deliberate sabotage led to the publication of a racist advert for a new Volkswagen Golf model.
◆ Companies line up to sell stock as US initial public offering market reopens: A burst of US stock market listings was expected in the coming months after the coronavirus forced a pause in new launches.
◆ Burberry Group: The luxury brand, in its 2020 financial year results, stated that its revenue decreased to £2.63bn (R56.22bn) from £2.72bn in the previous year. Its diluted earnings per share fell 64 percent from the prior year to 29.80 pence.