SA Company

South Africa's Sappi takes short term pain for long term gain

15/11 South African paper and pulp maker Sappi said on Thursday that its profit for the full year fell 4.4 percent as it ramped up investment to modernise plants and shift production to more profitable products.. . .  Full story

MTN Rwanda close to finalising 50 bln franc syndicated loan

15/11 MTN Rwanda, the biggest telecoms operator in the East African nation, is close to sealing a deal for a 50 billion franc ($56.29 million) syndicated loan to be used to modernise its network,. . .  Full story

MTN Rwanda close to finalising a 50 bln franc syndicated loan

15/11 MTN Rwanda, the biggest telecoms operator in the East African nation, is close to sealing a deal for a 50 billion franc ($56.29 million) syndicated loan to be used to modernise its network,. . .  Full story

South Africa's Sappi reports 4 pct fall in annual profit

15/11 South African paper and pulp maker Sappi said on Thursday that profit for the full year fell 4.4 percent as a firmer currency dampened profitability in South Africa.. . .  Full story

Woolworths Group Sales For 20 Weeks Up 2.7 Pct

15/11 Woolworths Holdings Ltd:. . .  Full story

African Markets - Factors to watch on Nov.15

15/11 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday.. . .  Full story

South African rand rallies, stocks keep sliding

14/11 South Africa's rand rallied more than one percent on Wednesday after the dollar was subdued by data showing U.S. consumer prices increasing at a moderate pace, easing some concerns about the rising lending rates. . .  Full story

South Africa's Standard Bank to lay off more than 500 workers

14/11 South Africa's Standard Bank aims to cut 526 information technology (IT) jobs as part of plans to restructure its IT division, the lender said on Wednesday.. . .  Full story

Standard Bank Group To Restructure Its IT Division

14/11 Standard Bank Group Ltd:. . .  Full story

Investors turn cautious on report Nigeria could reduce MTN's $10 bln fine

14/11 Shares in South Africa's MTN Group gave up early gains triggered by a media report on Wednesday that Nigerian authorities could reduce the $10.1 billion sum they are demanding from the telecoms company in a. . .  Full story

MTN shares rise on report that Nigeria could reduce $10.1 bln fine

14/11 Shares in South Africa's MTN Group rose 2.6 percent on Wednesday on a media report that Nigerian authorities could reduce the $10.1 billion sum they are demanding from the telecoms company in a dispute.. . .  Full story

SPAR Group FY HEPS Of 965.7 Cents

14/11 SPAR Group Ltd:. . .  Full story

South African rand inches lower on risk aversion, stocks fall

13/11 South Africa's rand was slightly weaker against the dollar on Tuesday along with other emerging currencies as demand for risk continued to be subdued globally, while stocks were marginally lower weighed down by gold stocks.. . .  Full story

MTN making progress to resolve $10.1 bln dispute with Nigeria - CEO

13/11 South Africa's MTN Group is making progress in resolving a $10.1 billion funds repatriation and tax bill depute with Nigerian authorities, its CEO said on Tuesday.. . .  Full story

Sephaku HY HEPS Of 12.59 Cents

13/11 Sephaku Holdings Ltd:. . .  Full story

South Africa's MTN to apply for mobile money license in Nigeria

13/11 South African mobile phone group MTN Group plans to apply for payment banking license in Nigeria and launch a service in Africa's biggest economy by the second quarter of 2019, its chief executive said on. . .  Full story

Investec Property Fund HY HEPS Of 129.07 Cents

13/11 Investec Property Fund Ltd:. . .  Full story

Telkom SA SOC HY Adj HEPS Of 328.6 Cents

13/11 Telkom SA SOC Ltd:. . .  Full story

South Africa's Brait first-half net asset value falls

12/11 South African investment house Brait SE reported a fall in net asset value for the first half of its financial year, weighed down by a tough trading environment in both South Africa and the. . .  Full story

S.Africa's competition watchdog rules SABC, Multichoice deal a merger

12/11 South Africa's competition watchdog has ruled that a distribution deal between MultiChoice, Naspers' pay-TV business and the country's public broadcaster in 2013 constituted a notifiable merger.. . .  Full story

Tsogo Sun calls off casino and hotel sale

12/11 Tsogo Sun has called off its planned sale of seven casino and hotel businesses to Hospitality Property Fund due to a lack of support from shareholders, the South African company said on Monday.. . .  Full story

South African Markets - Factors to watch on Nov. 12

12/11 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday.. . .  Full story

South Africa's struggling state arms firm Denel fires CFO

09/11 South African state-owned weapons manufacturer Denel has fired its chief financial officer Odwa Mhlwana after he was found guilty of all disciplinary charges relating to irregular expenditure, the firm said on Friday.. . .  Full story

South Africa's rand slips on hawkish Fed; stocks slip

09/11 South Africa's rand weakened on Friday in line with emerging market currencies as indications the United States central bank would stay on a policy tightening path drained the demand for risk that followed U.S.. . .  Full story

South Africa's state arms firm Denel fires CFO

09/11 South African state-owned weapons manufacturer Denel has fired its chief financial officer Odwa Mhlwana after he was found guilty of all disciplinary charges relating to irregular expenditure, the firm said on Friday.. . .  Full story

South African Tongaat swings to HY loss, shares dive

09/11 South Africa's Tongaat said on Friday it had swung into a half-year loss due to poor market conditions in its South African and Mozambique sugar operations, sending its shares nearly 12 percent lower.. . .  Full story

South Afica's Sasol to reverse provision over tax dispute

09/11 South African petrochemicals group Sasol said on Friday it will reverse a provision of 1.3 billion rand ($91 million) after a previous unfavourable ruling over a tax dispute with the revenue service was overturned on. . .  Full story

South Africa's Gold Fields reports drop in Q3 output

09/11 Shares in Gold Fields fell on Friday after the company reported a 3 percent drop in third-quarter production, dragged down by a decline in output from its last South African asset, South Deep.. . .  Full story

South Africa's Tiger Brands says FY earnings to fall as much as 30 percent

09/11 South Africa's Tiger Brands expects full year headline earnings per share to fall between 25 and 30 percent compared with the previous year, the food group said on Friday, sending its shares 3 percent. . .  Full story

South African sugar maker Tongaat flags H1 loss

09/11 South Africa's Tongaat Hulett said on Friday it expects to fall to a half-year loss as market conditions in its South African and Mozambique sugar operations weigh on revenue and operating profit.. . .  Full story

S.Africa's Discovery to issue 11.4 mln shares to buy out FirstRand JV stake

09/11 South Africa's Discovery Ltd said on Friday it will issue 11.4 million shares to fund the acquisition of FirstRand's stake in their credit card joint venture, a condition for the launch of its planned Discovery. . .  Full story

South African Markets - Factors to watch on Nov. 9

09/11 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.. . .  Full story

South Africa's Discovery to raise $132 mln in new share issue

08/11 South Africa's Discovery Ltd said on Thursday it will issue about 10.9 million new shares to qualifying investors in order to raise 1.85 billion rand ($132 million) to help fund an acquisition of a. . .  Full story

S.African retailer TFG takes American Swiss jewellery brand to Australia

08/11 South African retailer TFG (The Foschini Group) has expanded its American Swiss jewellery brand into Australia in the hope of shaking up the jewellery market there, Chief Executive Anthony Thunström said on Thursday.. . .  Full story

S.Africa's rand falls on subdued risk sentiment; stocks down

08/11 South Africa's rand weakened on Thursday as a dollar rally dimmed investor appetite for riskier assets with investors taking profits ahead of the U.S. Federal Reserve meeting later in the day.. . .  Full story

South African retailer TFG reports 8.3 pct rise in H1 earnings

08/11 South African retailer TFG (The Foschini Group) reported on Thursday a 8.3 percent increase in half-year earnings, as London, Australia and local operations contributed positively to revenue growth despite difficult trading conditions.. . .  Full story

South Africa's Standard Bank to launch secondary listing on A2X bourse

08/11 South African lender Standard Bank will be floating its shares in a secondary listing on the A2X markets stock exchange in Johannesburg next week, the lender said on Thursday.. . .  Full story

Standard Bank Says Co To Trade On A2X From Nov 15

08/11 Standard Bank Group Ltd:. . .  Full story

Nigerian court adjourns case between MTN and attorney general to Dec. 3

08/11 A Lagos judge on Thursday adjourned a hearing in a $2 billion dispute between South African telecoms firm MTN Group and Nigeria's attorney general until Dec. 3.. . .  Full story

Nigerian court adjourns case between MTN and attorney general to Dec 3 -judge

08/11 A Lagos judge on Thursday adjourned a hearing in a $2 billion dispute between South African telecoms firm MTN Group and Nigeria's attorney general until Dec 3.. . .  Full story

South Africa's financial stability threatened by MTN's $10 billion Nigeria bill - cenbank

07/11 Billions of dollars in fines owed by South African companies MTN and Standard Bank to Nigerian regulators could increase the risk to South Africa's financial system, the central bank said on Wednesday. The Nigerian central. . .  Full story

S.African rand firmed after U.S. midterms dent dollar; stocks higher

07/11 South Africa's rand firmed against a weaker dollar on Wednesday after U.S. midterm elections split Congress, lowering the chance of any major U.S. fiscal policy boost soon.. . .  Full story

S.Africa's Vodacom and Telkom agree to share networks

07/11 South African telecoms firm Vodacom said on Wednesday it had entered into a roaming and facilities leasing agreement with Telkom, South Africa's biggest fixed-line operator.. . .  Full story

S.Africa's Vodacom and Telkom reach network sharing deal

07/11 Telecoms firm Vodacom said on Wednesday it had entered into a roaming and facilities leasing agreement with Telkom, South Africa's biggest fixed-line operator.. . .  Full story

South African Markets - Factors to watch on Nov. 7

07/11 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday.. . .  Full story

African Markets - Factors to watch on Nov.7

07/11 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. - - - - - GLOBAL MARKETS Wall Street. . .  Full story

South Africa's Brait sees UK clothing store closures

06/11 British fashion group New Look, which is owned by South African investment firm Brait , is planning to close around 85 stores, it said on Tuesday.. . .  Full story

South Africa's rand weaker, stocks fall before U.S. midterm elections

06/11 South Africa's rand fell on Tuesday and stocks snapped a four-session winning streak, with markets favouring caution ahead of U.S. midterm Congressional elections as policy decisions that could sway the world's largest economy hinge on. . .  Full story

South Africa's Group Five says Ghanaian power project delayed

06/11 South African engineering firm Group Five said on Tuesday that construction on its Ghanaian Kpone power plant had been delayed once again due to fuel contamination.. . .  Full story

South Africa's Group Five says Ghanaian power project delayed, shares fall

06/11 South African engineering firm Group Five said on Tuesday that construction on its Ghanaian Kpone power plant had been delayed once again due to fuel contamination.. . .  Full story

South African Markets - Factors to watch on Nov. 6

06/11 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.. . .  Full story

Harmy Gold Mining Qtrly Gold Production Up 30 Pct

06/11 Harmony Gold Mining Company Ltd:. . .  Full story

Jasco Electronics FY Headline Loss Per Share Of 1,5 Cents

05/11 Jasco Electronics Holdings Ltd:. . .  Full story

ELB Commences Strategic Review of Co

05/11 ELB Group Ltd:. . .  Full story

South African Markets - Factors to watch on Nov. 5

05/11 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday.. . .  Full story

Redefine Properties FY HEPS Of 68,70 Cents

05/11 Redefine Properties Ltd:. . .  Full story

South Africa's rand firmer on improved risk appetite, Naspers gains

01/11 South Africa's rand firmed on Thursday, recovering from a three-week low hit in the previous session, as investors dumped the dollar and jumped back into riskier assets.. . .  Full story

S.Africa's Gold Fields union to strike over job cuts

01/11 Gold Fields said on Thursday the biggest workers union at its sole South African mine, South Deep, planned to strike over proposed job cuts, a move the bullion producer said would threaten output and. . .  Full story

S.Africa's Gold Fields to cut 1,100 jobs, union to strike

01/11 Gold Fields said on Thursday it planned to cut around 1,100 jobs at its sole South African asset, South Deep, prompting the National Union of Mineworkers announce plans to strike.. . .  Full story

South African Markets - Factors to watch on Nov 1

01/11 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Thursday.. . .  Full story

Afrimat HY HEPS Of 93,6 Cents

01/11 Afrimat Ltd:. . .  Full story

S.Africa's Sanlam to sell $583 mln stake to black investors, staff

31/10 South Africa's biggest insurer Sanlam Ltd announced a series of deals on Wednesday to meet so-called affirmative action rules, including the sale of a 5 percent stake to black investors and staff for up to. . .  Full story

S.Africa's Implats in talks to sell 1 Shaft operation in Rustenberg

31/10 South Africa's Impala Platinum (Implats) said on Wednesday it was in talks to sell its 1 Shaft operation in Rustenburg in a move to make its struggling mines profitable, sending its shares higher.. . .  Full story

South African Markets - Factors to watch on Oct 31

31/10 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday.. . .  Full story

Sabvest Invests R159.7 Mln In JAA

31/10 Sabvest Ltd:. . .  Full story

South African Markets - Factors to watch on Oct 30

30/10 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 MTN says relying on courts to end Nigeria dispute

29/10 MTN Group, Africa's biggest mobile operator, will keep engaging with Nigerian authorities to resolve a $10.1 billion dispute with the west African country, but is putting its faith in the courts to protect itself, its. . .  Full story

South African rand firms on emerging markets rally; stocks up

29/10 South Africa's rand firmed on Monday, in line with other emerging market currencies, which have slowly restored gains after recent sharp losses.. . .  Full story

South Africa's Nedbank becomes latest firm to drop KPMG

29/10 South African lender Nedbank said on Monday it would appoint Ernst & Young as joint external auditors in May 2019, becoming the latest firm to drop the scandal-hit KPMG's local unit.. . .  Full story

South Africa's MTN sees debut Nigeria stock market listing in early 2019

29/10 South Africa's MTN said on Monday its debut stock market listing in Nigeria may slip into early 2019 because it needs to work on the format for the share sale.. . .  Full story

Metrofile's Mark McGowan Resigns As CFO

29/10 Metrofile Holdings Ltd:. . .  Full story

South African Markets - Factors to watch on Oct 29

29/10 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday.. . .  Full story

eSwatini king appoints MTN executive as prime minister - local media

28/10 eSwatini's King Mswati has appointed Ambrose Dlamini, chief executive of the local unit of telecoms group MTN, as new prime minister of the southern African kingdom, local media reported.. . .  Full story

Nigeria aiming to resolve MTN dispute and soothe investor fears - minister

26/10 Nigeria is confident of resolving a $10.1 billion dispute with telecoms firm MTN and sending a positive signal to foreign investors worried about the country's demand for the money, its trade and investment minister told. . .  Full story

South Africa's rand recovers as firms pledge $20 bln investment

26/10 South Africa's rand bounced back on Friday after a torrid post-budget period as global firms pledged to invest a total of 290 billion rand ($19.90 billion) at a conference hosted by President Cyril Ramaphosa.. . .  Full story

Telecoms firm Vodacom says to invest $3 billion in South Africa

26/10 Telecoms firm Vodacom said on Friday that it would invest 50 billion rand ($3 billion) in South Africa over the next five years.. . .  Full story

Ramaphosa seeks investment pledges to help struggling South African economy

26/10 South African President Cyril Ramaphosa declared himself in economic "repair mode" at a major conference on Friday as he sought billions of dollars from foreign investors to haul the country out of recession.. . .  Full story