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14 August 2019
Ingham Analytics says unless rand weakness is maintained over an extended period, Kumba’s earnings are likely to come under pressure.
The banking group says a bigger share of the retail market helped prop up interim earnings.
The furniture retailer says its only hope for survival is to become a pure investment holding company focused on the retail sector.
The industrial group says costs associated with the empowerment deal stripped 7.3c from earnings per share.
The group says the unprecedented three-month plastic industry strike and a stagnant economy are to blame for a decline in its performance.
13 August 2019
Shareholders who do not take up the deeply discounted rights shares face dilution.
The group has improved its profit margins but has been impacted by impairments and the adoption of new accounting standards.
The platinum producer says its two mines reported solid operating performances as it benefitted from higher metals prices.
The investment holding company says a number of its listed investments should show an improvement in the period ahead.
The shipping group expects to take delivery of the IVS Prestwick vessel next month as it bulks up its fleet.
The project is Clough USA’s first major contract since the group was established in North America.
12 August 2019
Shareholders on the Naspers register this Friday will be allowed to vote on its plan to list Prosus in Amsterdam next month.
The bank's operations outside SA have reported a strong rise in profit, compensating for flat earnings in its home market.
Revenue from the network operator's businesses in Nigeria, Ghana and Uganda compensated for muted growth in its home market.
The gold producer says it has received strong interest in its remaining SA gold mine after reporting a strong first half performance.
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.
South Africa remains one of the most vulnerable emerging economies to global trade tensions.
08 August 2019
The group expects to list Investec Asset Management on the London and Johannesburg bourses in the first quarter of next year.
The packaging and recycling group says improvements to its business have more than offset the challenging trading environment.
The retailer says it has continued to grow its share of the market through its pricing strategy and value approach.
The wine and spirits maker has impaired its Angolan investment and recognised a credit loss provision in Zimbabwe due to currency issues.
The commodities group says it has taken measures to address challenges at its copper and cobalt operations and plans to halt production at Mutanda.
The tile manufacturer will still report a rise in full-year earnings despite a significant deterioration in trading conditions since April.