SHARENET - SA Company

South African miner ARM's shares slide on dividend payout

06/03/2023 Shares in African Rainbow Minerals (ARM) plunged on Monday as a 40% jump in half-year profit was overshadowed by its dividends and concern over production and sales prospects. Full story

Sasol plans new drilling campaign in Mozambique in Q1 next year

05/10/2022 South Africa petrochemical giant Sasol plans to drill its first exploration wells in Mozambique's onshore PT5-C field and offshore A5-A area in the first quarter of next year, a company presentation showed on Wednesday. Full story

Africa CDC in discussions with potential buyers for Aspen's COVID vaccines

11/08/2022 Africa's top public health body said on Thursday it is still in discussions with various potential buyers for the branded vaccine of South African pharmaceutical Aspen Pharmacare's. Full story

Prosus FY Trading Profit Down At EUR 5 billion

27/06/2022 Prosus Nv: Full story

South Africa's Famous Brands takes a bite of plant-based eatery Lexi's

30/03/2022 South Africa's Famous Brands Ltd has bought a 51% stake in the mostly vegan Lexi's Healthy Eatery, it said on Wednesday, as the restaurant-owner forays into the fast-growing plant protein sector. Full story

AngloGold starts asset review to close performance gap with rivals

22/02/2022 South Africa-based gold miner AngloGold Ashanti has begun a complete review of its assets, its CEO said on Tuesday, in a bid to bridge the gap in performance of its mines compared with rivals. Full story

S.African retailer Mr Price to source more products locally

25/11/2021 South African retailer Mr Price is looking to source 20 million more units of clothing and homeware locally in a shift away from constrained global supply chains, its CEO said after the company reported a rise in half-year earnings. Full story

Sudanese judge urges end to post-coup internet blackout

11/11/2021 A Sudanese judge on Thursday ordered telecoms companies in Khartoum to explain why internet services are still cut more than two weeks after a military takeover and two days after a court said connections should be restored. Full story

African Markets - Factors to watch on October 14

14/10/2021 Oct 14 - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. - - - - - GLOBAL MARKETS Asian stock markets rose, the dollar eased and longer-dated bonds rallied on Thursday as investors Full story

Prosus/Naspers: The Exchange Offer Declared Unconditional

13/08/2021 Prosus NV: Full story

South Africa property, retail firms bet on townships despite unrest

29/07/2021 Recent unrest in South Africa damaged hundreds of businesses but property developers and retailers say they remain committed to the fast-growing consumer markets of its predominantly Black townships. Full story

South Africa's Imperial Logistics up 34% on DP World takeover

08/07/2021 Shares in South Africa's Imperial Logistics jumped almost 34% after Dubai's DP World said it would pay up to $887 million to acquire the company's outstanding shares. Full story

South Africa's Tiger Brands to launch venture capital fund

20/05/2021 South Africa's biggest food producer Tiger Brands will launch a venture capital fund to invest in food and beverage start ups, with initial allocation of less than 100 million rand ($7.09 million), CEO Noel Doyle said on Thursday. Full story

European stocks steady after Tuesday's rout, Commerzbank shines

12/05/2021 European stocks inched higher on Wednesday after their worst selloff this year as strong earnings reports and signs of a speedy economic recovery offset concerns about a rapid rise in prices. Full story

S.African insurer Sanlam expects full-year profit to rise by up to 29%

04/03/2021 South African insurer Sanlam Ltd said on Thursday its profit for the year ended Dec. 31 could rise by up to 29% as some accounting changes that impacted the results in 2019 were absent in 2020. Full story

After pandemic, oil firms even less willing to cover $3.9 bln cost of S.Africa's clean fuel plan

22/01/2021 After being hit by the pandemic, oil companies in South Africa are unlikely to upgrade refineries to cut sulphur emissions unless the government allows them to pass the costs on to consumers or offers other support, the South African Petroleum Industry Association (SAPIA) says. Full story

South Africa's Tiger Brands targeting cost savings of $32 mln

20/11/2020 Tiger Brands, South Africa's biggest food producer, is targeting cost savings of 500 million rand ($32.50 million) in the 2021 financial year in a plan that includes cutting 400 jobs across the business, Chief Executive Noel Doyle said on Friday. Full story

Sibanye says power cuts could lower S.Africa's PGM output 15%

28/02/2023 Power cuts could reduce the output of platinum group metals (PGM) in South Africa, the world's leading supplier of the minerals, by up to 15% this year, diversified miner Sibanye Stillwater said on Tuesday. Full story

Walmart enters deal to buy remaining stake in S.Africa's Massmart

01/09/2022 U.S. retail giant Walmart Inc. has signed an agreement to begin buying the 47% stake in South African retailer Massmart it does not own, the companies said in a joint statement on Thursday. Full story

South African Markets - Factors to watch on Aug 5

05/08/2022 The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Friday. Full story

South Africa's Harmony Gold reports four mine deaths

09/05/2022 South African miner Harmony Gold on Monday reported that four workers died on Saturday in a maintenance-related accident at its Kusasalethu mine, 90 kilometres (55.92 miles) west of Johannesburg. Full story

South Africa's TFG to buy Coricraft owner for $152 mln

07/03/2022 South Africa's TFG will buy the owner of Coricraft, Volpes and Dial-a-bed chains for 2.35 billion rand ($152.78 million) to further expand in the furniture and bedding market, the retailer said on Monday. Full story

S.Africa's Amplats to sell stake in two mines to rival Sibanye

31/01/2022 Anglo American Platinum (Amplats) will sell a 50% interest in its Kroondal and Marikana operations in Rustenburg to the north-west of Johannesburg to Sibanye Stillwater, the platinum group metals miners (PGM) said on Monday. Full story

South African Markets - Factors to watch on Nov. 25

25/11/2021 NNESBURG, Nov 25 - The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Thursday. Full story

South Africa's AngloGold targets output cost cuts

08/11/2021 AngloGold Ashanti aims to bring down its gold mining costs to a level closer to its global rivals over the next two to three years, its new chief executive told Reuters on Monday. Full story

African Markets - Factors to watch on October 13

13/10/2021 Oct 13 - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. - - - - - GLOBAL MARKETS Asian shares were on edge on Wednesday as worries about soaring power prices fuelling inflation we Full story

Riots cost South Africa's SA Corporate Real Estate $38 mln

10/08/2021 South Africa's SA Corporate Real Estate put an estimate of 558.243 million rand ($37.7 million) on Tuesday on the total cost of damage to its properties and loss of income after recent looting and vandalism. Full story

S.Africa's Standard Bank to acquire rest of insurer Liberty Holdings for $590 mln

15/07/2021 Lender Standard Bank is to take over insurer Liberty Holdings in full, the two South African companies said on Thursday, with current shareholders to receive cash and shares worth around 8.6 billion rand ($594.27 million) in total. Full story

South African Markets - Factors to watch on June 17

17/06/2021 following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Thursday. Full story

Activists and South African gov't lock horns over coal pollution

17/05/2021 South Africa's failure to tackle toxic levels of air pollution produced by burning coal is a violation its post-Apartheid constitution, activists and a U.N. rights expert said in court on Monday. Full story

S.Africa's Nedbank aims zero exposure to fossil fuels by 2045

22/04/2021 South Africa's Nedbank will stop funding new thermal coal mines by 2025 and halt direct funding of new oil and gas exploration as it plans to phase out fossil fuel exposure over the next 24 years, it said on Thursday. Full story

Tight supply and hydrogen hopes drive iridium up 160%

12/02/2021 Iridium has become the latest precious metal to undergo a spectacular price rally, after supply shortages and expectations it will be used to produce hydrogen to power a greener economy lifted its value by 160% in two months. Full story

Uganda orders internet blackout until further notice - MTN

13/01/2021 Uganda's communications regulator ordered telecoms operators in the country to suspend all internet gateways from Wednesday evening until further notice, South African telecoms company MTN Group said. Full story

Life Healthcare Sees FY HEPS Between 46 To 51 Cents

10/11/2020 Life Healthcare Group Holdings Ltd : Full story

S.African utility Eskom begins search for new boss as CEO quits

14/12/2022 South African state power utility Eskom's CEO Andr� de Ruyter has resigned, the company said on Wednesday, marking the 11th boss to have left the company in just over a decade. Full story

African Markets - Factors to watch on Aug 24

24/08/2022 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. - - - - - EVENTS: Kenya Airways financial results Kenya's KCB Group results South Africa's DRDGold resu Full story

South African mobile operator MTN in buyout talks with rival Telkom

15/07/2022 South African mobile operator MTN Group Ltd is in buyout talks with smaller rival Telkom for a stock or a cash-and-stock deal, the two companies said on Friday, sending their shares higher. Full story

MTN Nigeria bars 19 mln unregistered mobile numbers -CEO

08/04/2022 MTN Nigeria has suspended around 19 million mobile numbers in Nigeria following a government directive to bar calls from unregistered phone lines, the company's chief executive said on Friday. Full story

South African Markets - Factors to watch on Feb 24

24/02/2022 The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Thursday. Full story

New COVID strain hits revival of S.Africa's international tourist trade

09/12/2021 Rushdi Harper's tour company in Cape Town was just starting to recover from a disastrous COVID-19 lockdown that had forced him to sell his house just to keep the business going. Full story

S.Africa's Tiger Brands eyes deal to invest in nutrition business

19/11/2021 South Africa's largest food producer Tiger Brands is close to clinching a deal with a business closely aligned with its health and nutrition strategy, as the company also warned on price increases. Full story

South Africa's Cell C ekes out profit with turnaround plan

27/10/2021 South Africa's fourth-biggest mobile operator Cell C said it made a first-half profit of $10 million on Wednesday, recovering from a $513 million loss a year earlier, as a turnaround strategy bore fruit. Full story

Prosus: Ula Raises USD 87 Mln In Series B Funding Led By Prosus Ventures, Tencent And B-Capital

04/10/2021 PROSUS NV: Full story

S.Africa's AngloGold shares slide as pandemic hits earnings

06/08/2021 Shares in AngloGold Ashanti slumped more than 10% on Friday after it trimmed its 2021 production estimate and posted a 10% drop in headline first-half earnings due to the impact of the COVID-19 pandemic and increased bullion mining costs. Full story

Nigeria to freeze MultiChoice Africa accounts to recover $4.4 billion

08/07/2021 Nigeria's revenue service said on Thursday it had instructed banks to freeze the accounts of media entertainment firm MultiChoice Africa and its Nigerian subsidiary for breaching agreements and denying access to their records for auditing. Full story