Sectors Shares
SECTIONS

SA Company

AngloGold plans 2,000 job cuts in South Africa

23/05 South African gold miner AngloGold Ashanti plans to cut 2,000 jobs at its domestic operations, it said on Wednesday, as part of plans to cut costs.. . .  Full story

AngloGold says plans 2,000 job cuts in South Africa

23/05 South African gold miner AngloGold Ashanti plans to cut 2,000 jobs at its domestic operations, it said on Wednesday.. . .  Full story

South African hotel & casino operator Tsogo Sun to take $4.3 mln hit from VAT

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. . .  Full story

South Africa's Lewis to roll-out more UFO stores to head upmarket

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. . .  Full story

South African rand recovers on retreating dollar

22/05 South Africa's rand staged a modest recovery on Tuesday, as the dollar retreated after a recent rally.. . .  Full story

ATON attempts to torpedo Murray Roberts-Aveng tie-up

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. . .  Full story

ATON raises stake in South African target Murray & Roberts to 40 pct

22/05 German investment house ATON has raised its stake in South African builder Murray & Roberts to nearly 40 percent, it said on Tuesday.. . .  Full story

Pioneer Foods' earnings growth rebounds in first half

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.. . .  Full story

South Africa's Pioneer Foods H1 earnings up 26 pct on volume growth

21/05 South Africa's Pioneer Foods Group reported a 26 percent rise in half-year earnings on Monday while operating profit jumped 36 percent on volume growth and improved maize procurement.. . .  Full story

South Africa's Murray & Roberts agrees to buy Aveng

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.. . .  Full story

Higher rand to quicken cuts in South Africa's platinum output

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.. . .  Full story

South Africa's rand tumbles to five-month low, stocks led down by banking sector

18/05 South Africa's rand weakened on Friday as surging U.S. Treasury yields and a continued dollar rally sent emerging markets tumbling.. . .  Full story

South Africa's Murray & Roberts agrees deal for Aveng

18/05 South African-based Murray & Roberts has agreed in principle to take over construction firm Aveng Limited in a one billion rand deal ($78.5 million).. . .  Full story

Mali's gold revenues rise 23 pct in 2017

18/05 * State revenues from Mali's gold production rose 23 percent in 2017 to 304.5 billion CFA francs ($532 million), the mines ministry said on Friday. * The increase was due to a rise in. . .  Full story

Aveng shares surge 29 percent on merger talks with Murray & Roberts

18/05 South Africa's Murray & Roberts and construction firm Aveng Limited said on Friday they have agreed in principle on a potential merger, sending Aveng shared more than 29 percent higher.. . .  Full story

Death toll from listeria outbreak in South Africa rises to more than 200

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. . .  Full story

S.Africa's rand surrenders brief gains to resurgent dollar, stocks slide

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. . .  Full story

South African drugmaker Aspen secures 3.4 billion euro credit line

17/05 Aspen Pharmacare, Africa's biggest generic drugmaker, said on Thursday it had secured a 3.4 billion euro ($4 billion) credit facility for refinancing debt at three of its subsidiaries.. . .  Full story

Investec sees steady earnings growth as it prepares for changing of the guard

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. . .  Full story

Orange telecoms facility fire in Ivory Coast appears to be criminal act -minister

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. . .  Full story

South African rand rides risk sentiment higher

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.. . .  Full story

South Africa's Vodacom cuts dividend payout after earnings miss

14/05 South African mobile phone operator Vodacom Group disappointed investors with lower than expected full-year earnings and a cut in its dividend payout on Monday.. . .  Full story

South African hospital operator Netcare boosted by domestic market

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.. . .  Full story

South African hospital operator Netcare reports H1 profit rise

14/05 Netcare, South Africa's second-largest private hospital firm, reported a 8.5 percent rise in half-year earnings on Monday.. . .  Full story

South African Markets - Factors to watch on May 14

14/05 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday.. . .  Full story

South African rand hits 3-week high vs dollar

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. . .  Full story

S.Africa's Solidarity union seeks at least 10 pct wage hikes in gold sector

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. . .  Full story

Impala Platinum seeks tenders for Marula tailings facility

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. . .  Full story

South Africa's Impala Platinum seeks tenders for Marula tailings facility

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. . .  Full story

Steinhoff could face more impairments, shares dive

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.. . .  Full story

ATON, takeover target Murray & Roberts filing separate S. African merger notifications

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.. . .  Full story

South African magnate Wiese relinquishes roles at investment firm Brait

09/05 South African tycoon Christo Wiese has stepped down from two roles at Brait SE where he is a major shareholder, citing time constraints, the investment firm said on Wednesday.. . .  Full story

MTN says U.S decision on Iran may limit its ability to repatriate cash from Irancell

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. . .  Full story

Kenya's Safaricom expects core profit to jump 7-12 pct this year

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.. . .  Full story

African Markets - Factors to watch on May 9

09/05 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. - - - - - GLOBAL MARKETS Crude. . .  Full story

South African rand extends slide on firmer dollar, stocks fall

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. . .  Full story