Ratings agency shrugs off AECI profit warning

Analysts say the mining explosives and chemicals supplier is expected to improve performance in the second half of the financial year

AECI warns of lower earnings following restructuring

Interim headline earnings to decline after ‘strategic realignment projects’ in its mining explosives business and water unit, ImproChem

Tongaat asks lenders for a reprieve

Embattled KwaZulu-Natal sugarmaker seeks a break from servicing its borrowings

PSG Group may be interested in the maker of Liqui-Fruit, say analysts

Pioneer Foods is in talks and its share price looks attractive after losing 38% in the past year

VW zooms ahead in extension of alliance with Ford to electric, automated cars

US and German companies to co-own the Argo AI autonomous cars venture and will explore other areas of co-operation

Hulamin reports interim loss as US-China trade war bites

The aluminium supplier also says profit has been affected by a global downturn in automotive production

Ailing Aveng sells two businesses to bolster balance sheet

The construction firm has agreed to sell Aveng Grinaker-LTA Rand Roads and Aveng Grinaker-LTA Ground Engineering business

Nampak eyes share buyback as sale of glass business nears

The diversified packaging manufacturer says the deal is likely to be concluded before financial year-end

ArcelorMittal SA’s shares plummet over expected job losses

Country’s largest steel maker says more than 2,000 workers could lose jobs as it battles to contain power, rail and port costs

ArcelorMittal SA says 2,000 jobs are at risk following interim loss

The steelmaker will start a consultation process amid an expected slump of at least R596m

BMW SA drawn into Brexit debate over imports

The local car assembler says it has never relied on the UK for engines

Scant details on Omnia rights offer irks investors, say analysts

The listed chemicals and fertiliser maker says shareholders will decide on the R2bn rights offer on July 25

Group Five unlikely to land a ‘big four’ auditor

Struggling construction company has 40 days to replace PwC, who dropped the account

Aveng sells pumps and valves business to black-owned Copaflo

The sale to the 100% black-owned investment firm is part of the group’s disposal of noncore assets

UAE’s Etihad Rail to seek $2bn for network expansion

Operator of the national rail network to approach banks for corporate loan

Published by Tiso Blackstar and distributed with the Financial Mail on the last Thursday of every month except December and January.