23/05 Tsogo Sun expects
to take a 54 million rand ($4.28 million) hit in core profit
from a higher rate of value added tax introduced in April, its
Chief Executive said on Wednesday after reporting. . .
23/05 Lewis Group plans
to open five to 10 new stores of its high-end United Furniture
Outlets (UFO) in the coming year to attract wealthier customers,
the South African retailer said on Wednesday after reporting. . .
22/05 German investment house
ATON has raised its stake in takeover target Murray & Roberts
to nearly 40 percent, it said on Tuesday, giving it a
large enough holding to scupper the South African builder's
tie-up. . .
21/05 South Africa's Pioneer
Foods Group reported a rebound in profit growth in the
first half of its financial year driven by strong sales volumes
of breakfast cereals and its long-life fruit juices.. . .
18/05 South African-based Murray
& Roberts has agreed to buy construction firm Aveng
Limited, although its biggest shareholder ATON said it
will not support the one billion rand ($78.5 million) takeover.. . .
18/05 The world's top platinum
producers operating in South Africa are under pressure from the
higher rand which, along with lacklustre metal prices, could
force companies to cut output faster than before.. . .
17/05 The death toll from the
world's largest ever outbreak of the food-borne disease listeria
has risen to 204, but the number of new cases has declined
sharply after products were recalled, South African authorities
said. . .
17/05 South Africa's rand
weakened early on Thursday, giving up the previous session's
gains as investors short on the local and other emerging
currencies were squeezed out of those positions by a swift,
albeit brief turnaround. . .
17/05 Anglo-South African
investment bank and asset manager Investec Plc
reported an increase in operating profit on Thursday, with funds
managed by its asset management business topping 100 billion
British pounds ($135 billion) for the first. . .
15/05 A fire last month that gutted a
facility of French telecoms group Orange in Ivory
Coast, disrupting service for weeks, appears to have been the
result of a criminal act, the communications minister said. . .
14/05 South Africa's rand
strengthened on Monday, benefiting from an upswing in global
risk appetite linked to hopes for improving trade relations
between the United States and China, the world's two largest
economies.. . .
14/05 Netcare, South Africa's
second-largest private hospital operator, reported an 8.5
percent rise in half-year earnings on Monday, citing a strong
domestic performance and its exit from the UK.. . .
11/05 South Africa's rand hit a
three-week high against the dollar on Friday as the greenback
eased from its 2018 peak against a basket of major currencies,
while payment solutions provider Net 1 UEPS Technologies. . .
11/05 South Africa trade union
Solidarity has submitted wage hike demands in the gold sector of
at least 10 percent annually over the next three years,
according to a document submitted to the Chamber of. . .
11/05 South Africa's Impala
Platinum (Implats) is seeking tenders to build a
tailings or waste storage facility at its Marula mine in a
positive sign for a site recovering from community protests that
sent its shares. . .
11/05 South Africa's Impala
Platinum is seeking tenders for the construction of a
tailings or waste storage facility for its Marula mine in a sign
of recovery for an operation which was on the verge. . .
10/05 South African retailer
Steinhoff said on Thursday that an investigation by
auditors PwC had found that overstatement of its profits may
result in additional material impairments, sending its shares
down more than 16 percent.. . .
09/05 German investor ATON and
takeover target Murray & Roberts (M&R) are each seeking
to file separate merger notifications to South Africa's
Competition Commission - a procedure typically used in hostile
takeover situations.. . .
09/05 MTN Group said on Wednesday that
U.S. President Donald Trump's decision to pull out of the Iran
nuclear accord may limit the South African telecoms firm's
ability to repatriate cash from MTN Irancell, sending. . .
09/05 Kenya's largest telecoms operator
Safaricom expects its earnings before interest and
taxation (EBIT) to rise by 7-12 percent in its current financial
year, with mobile money and data services helping to fuel
growth.. . .
08/05 South Africa's rand fell for
a second straight session on Tuesday, tracking other emerging
market currencies as the dollar index surged to a new 2018 high
ahead of U.S. President Donald Trump's verdict on. . .