SA Company

S.Africa's rand slips to 1-week low, financial stocks drag down bourse

17/05 The South African rand slipped to its weakest in one week on Friday as escalating trade tensions between China and the United States dragged down demand for emerging markets assets.. . .  Full story

Amplats considers sale of Twickenham and Bokoni mines - CEO

17/05 Anglo American Platinum is contemplating the sale of its Bokoni and Twickenham mines in South Africa, a move which would mostly complete the group's divestment strategy, its chief executive told Reuters.. . .  Full story

MTN Nigeria signs 200 bln naira loan after Lagos listing

17/05 MTN Nigeria said on Friday it has signed a 200 billion naira ($653 million) loan with seven local banks, a day after it floated its shares on the Lagos stock market.. . .  Full story

MTN Nigeria signs 200 bln naira loan after debut Lagos listing

17/05 MTN Nigeria said on Friday it has signed a 200 billion naira ($653 million) loan with seven local banks, a day after it floated on the Lagos bourse in a debut stock market listing.. . .  Full story

MTN Nigeria quoted up 10% in pre-market bids after debut $6.5 bln listing

17/05 MTN Nigeria shares rose another 10% to 108.90 naira in pre-market bids on Friday after its debut $6.5 billion stock market listing on the Lagos bourse.. . .  Full story

Nigerian Stock Exchange aims to complete public listing this year - CEO

16/05 The Nigerian Stock Exchange is aiming to complete its public listing this year, its chief executive told Reuters on Thursday.. . .  Full story

South Africa's rand firms slightly, stocks gain

16/05 South Africa's rand firmed modestly and stocks rose on Thursday, shaking off worries about local growth and trade tensions abroad as investors bet on economic reform with President Cyril Ramaphosa preparing to name a new. . .  Full story

MTN Nigeria debuts in Lagos in $6.5 billion listing

16/05 MTN Nigeria, owned by South Africa's MTN Group, listed in Lagos on Thursday in a 2 trillion naira ($6.54 billion) flotation turning the telecoms company into the exchange's second-largest stock by market value.. . .  Full story

MTN Nigeria lists in Lagos

16/05 South African firm MTN Group's Nigerian unit listed in Lagos on Thursday, in a flotation that made it the bourse's second-largest stock by market capitalisation. (Reporting by Nneka Chile and Libby George; Writing by Paul Carsten;. . .  Full story

S.Africa's Tongaat Hulett, lenders to consider standstill agreement

16/05 South Africa's Tongaat Hulett Ltd said on Thursday it was looking to negotiate a standstill agreement with its lenders, which had already agreed to waive some of their rights related to their loans to the. . .  Full story

MTN Group sees local ownership of MTN Nigeria at 35% post-IPO -investors

16/05 South Africa's MTN Group sees local ownership of MTN Nigeria <IPO-MTNN.LG> at 35% from around 20% after a public offering, MTN Group Chief Financial Officer Ralph Mupita told investors in Lagos on Thursday, according to. . .  Full story

South Africa's Dis-Chem annual profit misses estimates

16/05 South African drugstore chain Dis-Chem Pharmacies Ltd's full-year earnings rose by less than expected, the company said on Thursday, as prolonged industrial action offset the impact of price cuts and aggressive promotions.. . .  Full story

Santova FY HEPS 38,21 Cents

16/05 Santova Ltd:. . .  Full story

South African rand rises on China stimulus hopes, stocks dip

15/05 South Africa's rand strengthened on Wednesday alongside emerging market currencies on hopes of more stimulus for China's slowing economy, but local stocks dipped after data showing another weak month for retail sales.. . .  Full story

Northam Platinum plans to buy back preference shares

15/05 Northam Platinum plans to buy back about 15 million preference shares out of 159 million currently in issue in the financial year ending June 2020, its chief executive said on Wednesday.. . .  Full story

South Africa's Long4Life beats sales estimates, shares jump

15/05 South African investment firm Long4Life on Wednesday posted forecast-beating annual sales, boosted by drinks and beauty treatments demand in the summer months, sending its shares up nearly 5%.. . .  Full story

MTN Nigeria to list shares in Lagos in $6 bln flotation

15/05 The Nigerian business of South Africa's MTN Group said it would start trading its existing shares worth about $6 billion in Lagos on Thursday, ahead of its plan for a public offering of new. . .  Full story

South Africa's Spar close to buying controlling stake in Polish chain

15/05 SPAR Group Ltd is in the final stages of talks to buy a controlling stake in Polish deli and supermarket chain Piotr i Pawel group, the South African retailer said on Wednesday, part of. . .  Full story

Goldman Sachs to sell fixed income products in South Africa, seeks licence

15/05 Goldman Sachs is seeking a South African banking licence as part of plans to offer fixed income products in the country, sources and the Wall Street investment bank said, beefing up its African operations as. . .  Full story

MTN Nigeria arranging naira funding as it prepares for listing

15/05 MTN Nigeria is arranging local currency financing, the telecoms company said in presentation to investors as part of its stock market listing.. . .  Full story

MTN targets Thursday for long-planned Nigeria listing

14/05 MTN's Nigerian business is aiming to list on the Nigerian Stock Exchange on Thursday, a spokesman for the South African company said.. . .  Full story

MTN Nigeria prefers to list on Nigerian Stock Exchange on Thursday

14/05 MTN's Nigerian unit would prefers to list on the Nigerian Stock Exchange on Thursday, a spokesman for the South African firm said on Tuesday.. . .  Full story

MTN aims to list Nigerian unit on Thursday -sources

14/05 South Africa's MTN aims to list its Nigerian business on the Nigerian Stock Exchange on Thursday, two sources familiar with the listing told Reuters.. . .  Full story

S.African rand, stocks fall as U.S.-China trade war dents risk appetite

13/05 South Africa's rand weakened on Monday, shedding election- inspired gains, as an escalation in the U.S.-China trade war dented emerging market currencies, while stocks also retreated.. . .  Full story

Low poultry profit weighs on South Africa's Astral Foods H1 earnings

13/05 South African poultry producer Astral Foods reported a 52 percent fall in half-year earnings on Monday, weighed down by a significant profit decline in the poultry division.. . .  Full story

South Africa's Netcare H1 core profit rises on day patient growth

13/05 South Africa's second-largest private hospital firm Netcare Ltd reported a 1.3 percent increase in half-year normalised core profit on Monday, boosted by rising day patient numbers at its hospital and emergency services division.. . .  Full story

South Africa's Vodacom earnings fall 6.6% on black share scheme

13/05 South Africa's mobile phone operator Vodacom reported a 6.6% drop in full-year earnings due to one-off costs related to a share scheme offered to black investors.. . .  Full story

South African Markets - Factors to watch on May 13

13/05 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 firms as ANC heads for re-election

10/05 South Africa's rand strengthened more than 1% on Friday on expectations of political continuity, as the governing African National Congress (ANC) headed for a national election victory.. . .  Full story

Brewin Dolphin to buy Investec's Irish wealth business

10/05 Britain's Brewin Dolphin has agreed to buy Investec's Irish wealth business for 44 million euros ($49 million) in cash in a deal it said on Friday would make it one of the country's top-three. . .  Full story

South African rand, stocks weaker on renewed trade war

09/05 South Africa's rand gave up its earlier gains on Thursday as another round of risk selling in global markets fuelled by the U.S.-China trade talks outweighed local election positives.. . .  Full story

AngloGold Ashanti plans to sell up in S.Africa

09/05 AngloGold Ashanti Ltd will review divestment options for its Mponeng mine and other South African assets to focus on higher returns elsewhere, the South African gold miner said on Thursday.. . .  Full story

South 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 South African markets on Thursday.. . .  Full story

MTN Nigeria gets listing approval, securities regulator says

08/05 Nigeria's securities regulator has approved South African telecoms firm MTN's listing application for its $5 billion Nigerian unit.. . .  Full story

Nigeria securities regulator says has approved MTN Nigeria listing application

08/05 Nigeria's securities regulator said on Wednesday it has approved South African telecoms firm MTN's listing application for its Nigerian arm. (Reporting by Camillus Eboh; Writing by Paul Carsten; Editing by Elaine Hardcastle). . .  Full story

South African rand steady ahead of elections, stocks down

07/05 The South African rand steadied against the U.S. dollar on Tuesday ahead of Wednesday's elections for parliament and provincial legislatures, which will determine the next president.. . .  Full story

South Africa's MTN registers Nigerian business shares before listing

07/05 MTN has registered more than 20 billion shares of its $5 billion Nigerian business before its planned listing of the unit in the West African nation, the South African telecoms firm said on Tuesday.. . .  Full story

MTN Nigeria registers to list 20.4 bln shares at 0.02 naira each

07/05 MTN Nigeria said on Tuesday it has registered to list 20.4 billion ordinary shares at 0.02 naira ($0.0001) each with the country's securities regulator.. . .  Full story

MTN met deadline to respond to $2 bln Nigerian tax demand -judge

07/05 A Nigerian judge ruled on Tuesday that South African telecoms firm MTN had met a deadline to respond to a $2 billion tax demand from the country's attorney general. (Reporting by Alexis Akwagyiram; writing by. . .  Full story

South African rand and equities weaken on U.S.-China trade fears

06/05 The South African rand weakened on Monday as the country heads for national elections on Wednesday while worries over the trade war between the United States and China curbed emerging market currencies and shares.. . .  Full story

Nigeria stock exchange receives MTN listing application, regulator says

06/05 The Nigerian stock exchange has received South African telecoms firm MTN's listing application, the regulator said on Monday.. . .  Full story

S.Africa's Massmart CEO resigns as retailer eyes Africa expansion

06/05 Massmart Chief Executive Guy Hayward will step down before the end of the year, the South African retailer said on Monday, ending five years at the helm of the supermarket group as it plans. . .  Full story

South Africa's rand falls as election jitters, trade fears grow

06/05 South Africa's rand weakened on Monday amid jitters over upcoming elections and worries over a trade war between the United States and China, curbing last week's demand for emerging-market currencies.. . .  Full story

Redefine Properties HY HEPS Of 39.90 Cents

06/05 Redefine Properties Ltd:. . .  Full story

South African Markets - Factors to watch on May 6

06/05 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday.. . .  Full story

South Africa's rand firms against greenback, stocks rise

03/05 South Africa's rand firmed on Friday as a modest U.S. jobs report weighed on the dollar, although many investors stayed on the sidelines with national elections less than a week away.. . .  Full story

South African logistics firm recommends review of bulk liquid terminal tender

03/05 South Africa's state-owned Transnet National Ports Authority (TNPA) will recommend to its board that a tender to build and operate a bulk liquid terminal in Durban be reviewed and possibly cancelled, a senior official said.. . .  Full story

MTN appoints former S.Africa deputy finmin as next chairman

03/05 MTN Group has appointed South Africa's former deputy finance minister Mcebisi Jonas as chairman-designate in a board shake-up, the telecoms provider said on Friday.. . .  Full story

MTN appoints S.Africa's former deputy finmin as chairman-designate

03/05 MTN Group has appointed South Africa's former deputy finance minister Mcebisi Jonas as chairman-designate in a board shake-up, the telecoms provider said on Friday.. . .  Full story

South African Markets - Factors to watch on May 3

03/05 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 rand weaker after U.S. Fed holds lending rates, stocks gain

02/05 South Africa's rand weakened on Thursday, alongside emerging markets, after the United States central bank kept benchmark lending rates unchanged, but struck a hawkish tone.. . .  Full story

South African Markets - Factors to watch on May 2

02/05 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Thursday.. . .  Full story

South Africa's rand steadies after trade data, stocks fall

30/04 South Africa's rand steadied in late afternoon trade on Tuesday, recovering from losses earlier in the session, after news that South Africa's trade surplus had grown in March.. . .  Full story

South African Markets - Factors to watch on April 30

30/04 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.. . .  Full story

South African rand firms, stocks led lower by gold miners

29/04 South Africa's rand firmed against a steady dollar on Monday, as investors looked ahead to key offshore events including a report from the U.S. central bank, while stocks fell.. . .  Full story

South African Markets - Factors to watch on April 29

29/04 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 rand firms as dollar slips, stocks flat

26/04 South Africa's rand firmed on Friday, recovering from a four-week low touched in the previous session, as the dollar slipped after U.S. economic growth data. Stocks ended flat.. . .  Full story

Transnet installing new iron tippler to sustain iron ore exports

26/04 South Africa’s Transnet freight group is installing a new iron ore tippler at the country’s main iron ore export line in order to sustain its current output of 60 million tonnes a year, officials. . .  Full story

South Africa's Pick n Pay posts 18 pct jump in full-year earnings

26/04 South African retailer Pick n Pay Stores Ltd on Friday reported an 18 percent jump in full-year earnings, as price cuts helped it attract highly cost-conscious shoppers and cope with the difficult trading conditions. . .  Full story

S.Africa's Implats says Q3 platinum output up

26/04 South Africa's Impala Platinum (Implats) said on Friday third-quarter platinum production rose despite Eskom power cuts and community disruptions at its Marula mine.. . .  Full story

Garofalo Health Care: M&A race tightening - CS

26/04 redit Suisse says that Italian private health care provider Garofalo Health Care (GHC) has enough net cash for more M&A which would consolidate the fragmented Italian sector but faces stiff competition for quality assets. . .  Full story

South Africa's rand hovers near 4-week low, stocks down

25/04 South Africa's rand turned flat in late afternoon trade on Thursday, but hovered near a four-week low hit earlier in the session on the back of a firmer dollar, while stocks fell.. . .  Full story

Anglo American Q1 output falls; copper, Minas-Rio iron ore rise

25/04 Anglo American said on Thursday technical problems dragged first-quarter production down 6 percent, but copper output rose, as did that of iron ore from its Minas-Rio mine in Brazil, which ramped up operations after. . .  Full story

Output at South Africa's Amplats hit by Eskom power cuts

25/04 South African miner Anglo American Platinum Ltd's (Amplats) first quarter production fell 6 percent, hit by problems at power supplier Eskom, operational challenges and ore stockpiling in the same period the year before.. . .  Full story

South Africa's Gold Fields Q1 production up 10 pct

25/04 South Africa's Gold Fields Ltd said on Thursday its quarterly bullion production increased by 10 percent with a recovery in production at its South Deep mine after a six-week strike.. . .  Full story

African Markets - Factors to watch on April 25

25/04 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday.. . .  Full story

South Africa's Life Healthcare warns on earnings after disposal

24/04 South Africa's Life Healthcare said on Wednesday half-year earnings could fall as much as 55 percent due to costs related to the disposal of its stake in India's Max Healthcare, impairments and other investments.. . .  Full story

MTN converts Nigerian unit to public company before planned listing

24/04 South African telecoms firm MTN has converted its Nigerian unit into a public company before its planned listing on the Nigerian bourse in the first half of the year.. . .  Full story

South Africa's rand slips on stronger dollar, stocks up

23/04 South Africa's rand fell more than 1 percent on Tuesday as a firmer U.S. dollar weighed on developing world currencies, while stocks closed higher.. . .  Full story

South Africa's Omnia in debt restructuring talks, shares jump

23/04 South Africa's Omnia Holdings said on Tuesday that its creditors had agreed to restructuring talks and there was no need for it to make any unscheduled repayment, sending shares in the chemicals and fertiliser maker. . .  Full story

Zimbabwe's Econet plots Botswana Mascom listing by October

23/04 Zimbabwean billionaire Strive Masiyiwa plans to list part of his Botswana telecoms operator Mascom by October this year, he said on Tuesday, in what he expects to be one of the biggest flotations on. . .  Full story

Combined Motor Holdings FY HEPS Of 305,2 Cents

23/04 Combined Motor Holdings Ltd:. . .  Full story

Indequity Group HY HEPS 40.94 Cents

23/04 Indequity Group Ltd:. . .  Full story

Congo Republic ships first iron ore from upgraded port

19/04 Congo Republic shipped its first iron ore exports on Friday from a rehabilitated deep-water port that will be used by Congolese billionaire Paul Obambi's Sapro SA and Swiss commodities giant Glencore.. . .  Full story

South Africa's rand weaker as risk demand fades before Easter, stocks up

18/04 South Africa's currency weakened on Thursday, losing ground against a stronger dollar as investors closed positions and took profits before the Easter holiday - while stocks took heart from rising gold prices.. . .  Full story

South Africa's Shoprite cuts chairman Wiese's voting influence

18/04 South African grocer Shoprite is to buy back deferred shares held by its chairman Christo Wiese to simplify its voting structure but substantially curbing Wiese's influence in the company he helped turn into an African. . .  Full story

Angola annuls winning tender for 4th telecoms operating license - presidency

18/04 Angola's President João Lourenço annulled on Thursday the winning tender for the country’s fourth telecoms operating license and ordered it be re-run to ensure "a clean and transparent process," his office said.. . .  Full story

South Africa's PIC denies considering ex-Absa executive as next CEO

18/04 South Africa's state pension fund denied considering a former banking executive as its next chief executive as it seeks to fill a position which has become increasingly sensitive given the successive departures of its CEO. . .  Full story