NEWS ARCHIVES


12 August 2019

Naspers prepares for Prosus vote

Shareholders on the Naspers register this Friday will be allowed to vote on its plan to list Prosus in Amsterdam next month.

Africa focus lifts Standard Bank

The bank's operations outside SA have reported a strong rise in profit, compensating for flat earnings in its home market.

MTN rides on African growth

Revenue from the network operator's businesses in Nigeria, Ghana and Uganda compensated for muted growth in its home market.

AngloGold Ashanti proceeding with streamlining

The gold producer says it has received strong interest in its remaining SA gold mine after reporting a strong first half performance.

Sibanye-Stillwater on track after better second quarter

The mining group's US platinum operations bounced back in the three months to June as its SA gold mines recovered from a five-month strike.

The Week Ahead of 12 August with Chris Gilmour

South Africa remains one of the most vulnerable emerging economies to global trade tensions.




08 August 2019

Investec gets demerger nod

The group expects to list Investec Asset Management on the London and Johannesburg bourses in the first quarter of next year.

Mpact reaps benefits of investment programme

The packaging and recycling group says improvements to its business have more than offset the challenging trading environment.

Defensive Pepkor grows sales in tough environment

The retailer says it has continued to grow its share of the market through its pricing strategy and value approach.

Distell suffers forex babelaas

The wine and spirits maker has impaired its Angolan investment and recognised a credit loss provision in Zimbabwe due to currency issues.

DRC businesses drain Glencore’s earnings

The commodities group says it has taken measures to address challenges at its copper and cobalt operations and plans to halt production at Mutanda.

Italtile warns of slower second half

The tile manufacturer will still report a rise in full-year earnings despite a significant deterioration in trading conditions since April.




07 August 2019

Nedbank calls for faster action

The bank says structural reforms need to be tackled more urgently to avoid a downgrade, which would result in lower growth and more job losses.

RBPlat’s losses widen

The platinum producer has been hit with higher cash costs and levels of depreciation due to the ramp-up of its Styldrift project.

Curro slumps on trading update

Excluding a sizeable tax adjustment, the private schools group will report single digit profit growth.

Delta and Rebosis plan merger

The deal is just the latest to be announced as consolidation in the property sector accelerates.

Northam buys more Zambezi prefs

Buying the shares will reduce its Zambezi preference share liability and the dividends it pays on them.

Invicta takes engineering to A2X

The engineering and capital equipment group’s listing will take the number of securities trading on A2X to 28.




06 August 2019

Quilter finds buyer for life business 

Shareholders are likely to get an extra distribution after the wealth manager sold its non-core life assurance business.

Merafe withholds dividend due to volatile markets

Global uncertainty has curtailed demand, resulting in a surplus of ferrochrome on the market.

SA Corporate rebuffs offers as MD stays on

The REIT says proposals from Dipula and Emira are not in its best interests as Rory Mackey agrees to stay on for another year.

Hyprop, Attacq sell Zambian mall

The real estate investment trusts are cutting their exposure to Africa outside SA due to difficult trading conditions and declining property prices.

Jubilee benefits from rising chrome production

The metals group says its processing projects are tracking ahead of schedule as it diversifies its earnings base.

Sea Harvest forecasts a strong catch

The seafood and fisheries group will benefit from last year’s acquisition of Viking Fishing.

Streamlined South Ocean back in the black

The investment holding company has returned to profitability following the disposal of Radiant Group.




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