SA Company

South African rand weaker on less hawkish c.bank stance

18/01 South Africa's rand was weaker on Friday, a day after the central bank adopted a less hawkish tone at its monetary policy meeting.. . .  Full story

Saudi Arabia plans oil refinery, petchem plant in South Africa

18/01 Saudi Arabia plans to build an oil refinery and petrochemicals plant in South Africa as part of $10 billion of investments in the country, Saudi Energy Minister Khalid al-Falih said on Friday after talks. . .  Full story

Holiday sales help South Africa's TFG buck retail weakness

17/01 South Africa's TFG (The Foschini Group) said Black Friday sales and good trade across its business in December helped fuel nine-month turnover growth of 22.7 percent, providing some cheer for the retail sector after grim. . .  Full story

South African rand falls after rate decision; stocks down

17/01 South Africa's rand fell against the dollar on Thursday after the central bank left interest rates unchanged and sounded less hawkish, citing an improved inflation outlook.. . .  Full story

Budget retailer Mr Price hit by slowdown in South Africa

17/01 Shares in South African budget clothing and furniture retailer, Mr Price Group Ltd , tumbled on Thursday after it reported a sharp slowdown in sales growth and warned of a challenging final quarter.. . .  Full story

South Africa's Woolworths hit by sluggish sales, earnings warning

17/01 Shares in Woolworths fell more than 8 percent on Thursday after the South African department store operator posted slower half-year sales growth and said it expected its headline earnings to drop by 5 percent in. . .  Full story

South Africa's rand, stocks lifted by strong retail data

16/01 South Africa's rand and local stocks strengthened on Wednesday as retail sales rose more than expected, helping ease concerns over dismal mining data a day earlier.. . .  Full story

South African rand slips after dismal mining data

15/01 The South African rand fell on Tuesday, after worse-than-expected mining data pointed to lingering weakness in Africa's most industrialised economy.. . .  Full story

South African rand treads water; Brait sends stocks lower

14/01 The South African rand was little changed on Monday as investors awaited closely watched data releases including mining output later in the week, while a plunge in investment firm Brait sent stocks lower.. . .  Full story

UK retailer New Look's restructuring to cut debt by 1 bln stg

14/01 Struggling British fashion retailer New Look has agreed a restructuring with debtholders to cut its debt by 1 billion pounds ($1.28 billion) as it seeks to position the group for a return to profitability.. . .  Full story

Taste Holdings Names Hannes Van Eeden As CFO

11/01 Taste Holdings Ltd:. . .  Full story

India's Bharti Airtel to give Tanzania bigger stake in local telecoms firm

11/01 India's Bharti Airtel has agreed to give part of its stake in Airtel Tanzania to the government, raising the East African nation's holding in the mobile phone operator to 49 percent from 40 percent, the. . .  Full story

Stakeholder denies that Togo's Ecobank faces Nigerian investigation

11/01 Ecobank is not under investigation in Nigeria, the chief operating officer of South Africa's Nedbank, which owns 21 percent of the Togo-baed lender, said on Friday.. . .  Full story

South Africa's Woolworths pulls baby carriers after copying scandal

10/01 South African retailer Woolworths has removed a baby carrier from its shelves, admitting it had "striking similarities" to a product offered by a small boutique retailer.. . .  Full story

South Africa's rand rallies on U.S. rate cut bets, stocks follow

04/01 South Africa's rand firmed to a two-week best on Friday as emerging markets were boosted by increased expectations of the U.S. central bank cutting lending rates this year.. . .  Full story

South African rand steadies after being hit by global selloff

03/01 The South African rand had recovered losses by the end of the day on Thursday after a sharp selloff in emerging market currencies on rising concerns about global growth.. . .  Full story

South African rand, stocks see positive end to difficult year

31/12 South Africa's rand and stocks edged up in the final trading session of the year on Monday buoyed by hints of progress in trade talks between China and the United States, but that capped. . .  Full story

African Markets - Factors to watch on Dec. 28

28/12 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. - - - - - GLOBAL MARKETS Asia. . .  Full story

South Africa's rand edges up in light year-end trade

27/12 South Africa's rand gained on Thursday against a dollar weakened by lingering concerns about the trade wrangle between United States and China, while stocks were lower as positive sentiment after an overnight rally faded.. . .  Full story

End to Nigerian dispute lifts shares in S.Africa's MTN

27/12 Shares in South African telecoms giant MTN jumped 8 percent on Thursday after it settled a row with Nigeria's central bank for a fraction of the $8.1 billion it had threatened to cost.. . .  Full story

S.Africa's rand little changed in light year-end trade, MTN leads stocks higher

27/12 South Africa's rand was largely flat in mid-morning deals on Thursday as traders refrained from making any large moves in light year-end trade.. . .  Full story

Shares in South Africa's MTN jump 8 pct on Nigeria settlement

27/12 Shares in South African telecoms giant MTN rose 8 percent at market open on Thursday - the first trading of the stock since MTN agreed to pay $53 million to settle a row with. . .  Full story

South African Markets - Factors to watch on Dec. 27

27/12 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Thursday.. . .  Full story

Invicta Withdraws Cautionary Announcement

21/12 Invicta Holdings Ltd:. . .  Full story

South African rand gains as dollar falls after Fed meeting

20/12 South Africa's rand firmed on Thursday, recouping some of its overnight losses as the dollar fell on growing concerns that U.S. policymakers may keep raising interest rates just as the world's biggest economy faces a. . .  Full story

S.Africa's Shoprite faces hefty fine for anti-competitive behaviour

20/12 South Africa's Competition Commission on Thursday recommended Shoprite's retail unit, which houses the country's biggest supermarket chain, be fined 10 percent of its turnover for anti-competitive behaviour.. . .  Full story

South Africa's Shoprite says will oppose anti-competitive behaviour charge

20/12 South Africa's Shoprite's retail unit said on Thursday it would oppose the competition commission's decision to charge it for anti-competitive behaviour.. . .  Full story

S.Africa's Shoprite charged with anti-competitive behaviour, shares fall

20/12 South Africa's Competition Commission said on Thursday it has charged retailer Shoprite and its subsidiary Computicket with anti-competitive behaviour, and recommended a fine, sending its shares down more than four percent.. . .  Full story

South African rand rises as dollar falls before Fed rate decision

19/12 South Africa's rand firmed on Wednesday, as expectations that the U.S. Federal Reserve will signal a slower pace of monetary tightening kept the dollar under pressure.. . .  Full story

South African rand stronger as dollar slides, stocks down

18/12 South Africa's rand firmed on Tuesday, helped by a fragile dollar as markets counted down to a crucial U.S. Federal Reserve meeting amid speculation it will soon hit the pause button to its monetary. . .  Full story

South African retailer Edcon in talks with landlords about reducing rentals

16/12 South African retailer Edcon is in talks with shopping mall owners about a two-year 41 percent rent reduction in exchange for a small stake in the company, the Sunday Times reported.. . .  Full story

South African rand slides on risk aversion, stocks down

14/12 South Africa's rand fell on Friday, in line with other emerging market currencies, as investor appetite for riskier assets dimmed amid fresh worries of a sharp economic slowdown in China.. . .  Full story

York Timber Says NUMSA Members Embark On Strike

14/12 York Timber Holdings Ltd:. . .  Full story

Aspen Pharmacare drops on debt worries and revenue forecast

14/12 Shares in Aspen Pharmacare fell more than 8 percent on Friday, a day after the South African drugmaker said it had negotiated a temporary relaxation of its lending agreements and forecast little growth in full-year. . .  Full story

Aspen Pharmacare shares slump after revenue forecast disappoints

14/12 Shares in South Africa's Aspen Pharmacare fell more than 8 percent in early Friday trade a day after it forecast full-year revenue growth of between 1 percent and 4 percent in commercial pharmaceuticals.. . .  Full story

South Africa's Aspen says on track to dispose of baby milk business

13/12 Aspen Pharmacare said on Thursday it expected the conditions for the sale of its infant formula business to be in place by the first quarter of 2019.. . .  Full story

South African rand weaker, stocks inch up

13/12 South Africa's rand retreated on Thursday, giving up early small gains with traders cautious going into year-end and demand for riskier assets globally fading after the European Central Bank struck a tentative tone on economic. . .  Full story

MTN, Nigerian central bank dispute will be over "very soon" -regulator

13/12 The Nigerian telecoms regulator said on Thursday that an $8.1 billion dispute between South African telecoms group MTN and the Nigerian central bank "is being resolved and very soon it will be over.". . .  Full story

Gold Fields to restart production in South Africa as workers return

13/12 Workers will return to Gold Fields' sole South African mine on Thursday after a six-week strike was called off by the country's National Union of Mineworkers (NUM), with production likely to resume in earnest after. . .  Full story

South Africa's Group Five attracts interest in parts of business

13/12 Loss-making South African construction firm Group Five Ltd has received interest from a number of parties for various parts of its business as it explores selling some assets, it said on Thursday.. . .  Full story

Gold Fields to restart South African gold production as workers return

13/12 Workers will return to Gold Fields' sole South African mine on Thursday after a six-week strike was called off by the country's National Union of Mineworkers (NUM), with production likely to resume in earnest next. . .  Full story

Amplats expects 20 pct jump in full-year earnings

13/12 Anglo American Platinum on Thursday said it expects a 20 percent increase in full-year earnings, helped by an increase in the rand basket price and improved operational performance.. . .  Full story

South Africa's rand firms in line with emerging markets and stocks

11/12 The South African rand firmed on Tuesday, in line with other emerging market currencies and rise in stocks, as investors' appetite for riskier assets was boosted by better-than-expected manufacturing data and a pause in a. . .  Full story

Anglo forecasts copper, diamonds and platinum to lift output

11/12 Anglo American said on Tuesday its overall production will rise by more than previously expected between 2018 and 2021, while this year's costs are forecast to be lower.. . .  Full story

Famous Brand's UK burger chain shuts 14 struggling stores

11/12 South Africa's Famous Brands said on Tuesday its UK-based unit Gourmet Burger Kitchen (GBK) has closed 14 out of 17 under-performing stores following the approval of a restructuring plan by creditors.. . .  Full story

South Africa's MTN says still in talks with Nigerian authorities

10/12 South African telecoms firm MTN Group was still in talks with Nigerian authorities over an $8.1 billion dispute and a $2 billion tax demand in a bid to reach an agreement, Africa's biggest mobile. . .  Full story

South African rand gains on renewed risk appetite; stocks rebound

07/12 South Africa's rand gained against a softer dollar on Friday as bond yields fell and stocks rebounded.. . .  Full story

S.African rand slides as current account deficit widens, Eskom woes weigh

06/12 South Africa's rand weakened more than 2 percent on Thursday and bonds fell after the current account deficit widened in the third quarter and power firm Eskom said it was considering restructuring its debt,. . .  Full story

South Africa's Tiger Brands reopens meat plant after listeria outbreak

06/12 South African authorities have given food maker Tiger Brands permission to re-open a factory closed after the world's biggest listeria outbreak was traced to one of its facilities, the company said on Thursday.. . .  Full story

HSBC Chairman Tucker takes on non-exec role at South Africa's Discovery

06/12 HSBC Chairman Mark Tucker will become non-executive chairman of South Africa-based Discovery Group in March 2019, the two companies said on Thursday.. . .  Full story

Ingenuity Property Investments Withdraws Cautionary Announcement

06/12 Ingenuity Property Investments Ltd :. . .  Full story

South African Markets - Factors to watch on Dec.6

06/12 nges date in headline to Dec 6, not 5) The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Thursday. . .  Full story

Group Five shares plunge on $60 mln claim for Ghana power project

06/12 Shares in South African engineering company Group Five plunged more than 40 percent on Thursday after a customer's $60.5 million compensation claim relating to the unfinished Kpone power plant in Ghana.. . .  Full story

South Africa's rand slightly firmer, stocks fall

05/12 South Africa's rand firmed on Wednesday, regaining some of the ground it lost overnight as concerns of a recession in the United States wobbled the dollar.. . .  Full story

South African insurer Sanlam's shares fall on weak earnings

05/12 South Africa's biggest insurer Sanlam said on Wednesday its normalised headline earnings fell 10 percent in the ten months to October, sending its shares 4 percent lower.. . .  Full story

South African insurer Sanlam sees 10 percent fall in headline earnings

05/12 South Africa's biggest insurer Sanlam saw its normalised headline earnings fall 10 percent for the 10 months to October, it said on Wednesday.. . .  Full story

Nigerian court adjourns MTN and central bank case amid settlement talks

04/12 South African telecoms firm MTN Group and Nigeria's central bank are in talks to settle an $8.1 billion dispute, their lawyers said on Tuesday, as a court in Lagos adjourned the case between the. . .  Full story

Digital newcomers out to disrupt South African banking

04/12 Armed with low-cost operating models, three South African digital banks are betting on aggressive pricing and data analytics to attract tech-savvy, price-conscious consumers when they launch next year in a rare challenge to the old. . .  Full story

South African Markets - Factors to watch on December 4

04/12 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.. . .  Full story

South Africa's rand and stocks lifted by U.S.-China trade truce

03/12 South Africa's rand firmed more than 1 percent against a softer dollar on Monday, in line with emerging markets and a fall in bond yields, as a temporary trade truce agreement between U.S. and. . .  Full story