Fidentia curators coin it, widows weep; EU braces for hard Brexit; Discovery, Blue Label, Resilient
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It was another rough day on the JSE for medical scheme provider Discovery, which lost 8%, and Aspen, which shed more than 4%.
Blue Label Telecoms also took a knock, losing more than 3% of its value after announcing a delay in the release of its financial results. It expects to produce figures that will disappoint investors, when it eventually posts its results.
Real Estate Investment Trust Resilient, which owns about 30 shopping centres around South Africa, moved up nearly 5% following the release of its financial results and a dividend increase of about 3% (on Friday). Total revenue for the period was recorded at R3.8bn (2018: R3.9bn), and profit before net finance costs turned around to R5.9bn (2018: loss of R2.7bn)
More than a decade after the Fidentia group was placed in curatorship, investors have recovered only a quarter of the R1,3bn in claims, reports Netwerk24. The curators made millions wrapping up the affairs of the company that squandered mineworkers' savings for widows and orphans.
The European Commission said on Monday that the EU was ready for a no-deal Brexit and that Britain would suffer most under such a scenario, reports Reuters. Learn more about your ad choices. Visit megaphone.fm/adchoices
Blue Label Telecoms also took a knock, losing more than 3% of its value after announcing a delay in the release of its financial results. It expects to produce figures that will disappoint investors, when it eventually posts its results.
Real Estate Investment Trust Resilient, which owns about 30 shopping centres around South Africa, moved up nearly 5% following the release of its financial results and a dividend increase of about 3% (on Friday). Total revenue for the period was recorded at R3.8bn (2018: R3.9bn), and profit before net finance costs turned around to R5.9bn (2018: loss of R2.7bn)
More than a decade after the Fidentia group was placed in curatorship, investors have recovered only a quarter of the R1,3bn in claims, reports Netwerk24. The curators made millions wrapping up the affairs of the company that squandered mineworkers' savings for widows and orphans.
The European Commission said on Monday that the EU was ready for a no-deal Brexit and that Britain would suffer most under such a scenario, reports Reuters. Learn more about your ad choices. Visit megaphone.fm/adchoices
