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South Africa's Murray & Roberts agrees to buy Aveng

19/05 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

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

Steinhoff flags H1 loss as restructuring wipes out sales gain

18/05 South African retailer Steinhoff, which has been embroiled in an accounting scandal, expects to report a first-half net loss as costs related to restructuring, losses on asset sales and litigation offset. . .  Full story

South Africa's Eskom evacuates Kusile contractors after protest

18/05 South African power utility Eskom said on Friday it had evacuated all contractors at its Kusile power station following a violent pay-related protest.. . .  Full story

Anadarko seeks to raise $14-$15 bln for Mozambique LNG project

18/05 Anadarko Petroleum is seeking to raise a record $14-$15 billion from banks and export credit agencies for its huge liquefied natural gas (LNG) project in Mozambique, sources close to the matter. . .  Full story

Adcorp final results February 2018

18/05 Revenue for the year from continuing operations lowered to R15.3 billion (2017: R15.8 billion). Gross profit was recorded at R2.2 billion (2017: R2.3 billion). Operating profit plummeted to R8 million (2017:. . .  Full story

Zimbabwe mines need $11 billion investment to modernise

18/05 Zimbabwe needs up to $11 billion to modernise its mines and boost production to maximum capacity over the next five years, the head of the country's Chamber of Mines said on. . .  Full story

South Africa's rand firms slightly on dollar wobble

18/05 South Africa's rand firmed early on Friday, clawing back some ground after plunging in a broad emerging market slide the previous day, with some end-of-week positioning and a dollar wobble on. . .  Full story

Richemont final results March 2018

18/05 Sales for the year increased to EUR10.979 billion (2017: EUR10.647 billion), gross profit rose to EUR7.150 billion (2017: EUR6.799 billion), operating profit climbed to EUR1.844 billion (2017: EUR1.764 billion), profit attributable. . .  Full story

Oceana interim results March 2018

17/05 Revenue for the interim period increased by 11% to 3.5 billion (2017: R3.1 billion). Gross profit grew by 13% to R1.3 billion (2017: R1.2 billion). Operating profit was 5% lower at. . .  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

Castleview final results February 2018

17/05 The current reporting period is eight months, as the company was incorporated on 6 July 2017. No comparative figures have been presented as these are the first provisional summarised reviewed consolidated. . .  Full story

PFB interim results February 2018

17/05 Revenue for the interim period was higher at R184.6 million (R182.7 million), while gross profit rose to R75.8 million (R70.9 million). Operating profit grew to R20.3 million (R17.8 million). Profit for. . .  Full story

China's Jinchuan Int'l to double African copper, cobalt output -exec

17/05 China's Jinchuan Group International Resources plans to double its African copper and cobalt production in the next two to three years, its chief executive officer said on Thursday.. . .  Full story

Buffalo quarterly results March 2018

17/05 Revenue for the quarter increased to R190.4 million (2017: R171.4 million), gross profit soared to R45.8 million (2017: R13.4 million), loss attributable to owners of the parent came in at R34.8. . .  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. . .  Full story

Nigeria's parliament passes record 9.12 trln naira 2018 budget

17/05 Nigeria's parliament passed a record 9.12 trillion naira ($29.8 billion) budget for 2018 on Wednesday aimed at boosting growth in west Africa's biggest economy nine months before the country's next presidential. . .  Full story

South Africa's rand surrenders brief gains to resurgent dollar

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. . .  Full story

Investec-p final results March 2018

17/05 Net interest income increased to R7.6 billion (2017: R7.4 billion). Operating profit rose to R4.6 billion (2017: R4.2 billion). Total comprehensive income attributable to ordinary shareholders was R4.2 billion (2017: R4.2. . .  Full story

Investec Ltd. final results March 2018

17/05 Net interest income for the year jumped to GBP760.4 million (GBP679.9 million) whilst operating profit was higher at GBP643.5 million (GBP637.4 million). Earnings attributable to shareholders shot up to GBP505.5 million. . .  Full story

Investec plc final results March 2018

17/05 Net interest income for the year jumped to GBP760.4 million (GBP679.9 million) whilst operating profit was higher at GBP643.5 million (GBP637.4 million). Earnings attributable to shareholders shot up to GBP505.5 million. . .  Full story

Stefstock final results February 2018

17/05 Revenue for the year increased by 15% to R10.5 billion (2017: R9.1 billion). Earnings before interest, taxation, depreciation and amortisation ("EBITDA") rose by 92% to R400.5 million (2017: R209 million), operating. . .  Full story

Datatec final results February 2018

17/05 Revenue for the year increased to USD3.924 billion (2017: USD3.862 billion), gross profit rose to USD636 million (2017: USD622.3 million), operating profit before interest, tax, depreciation, amortisation and impairment ("EBITDA") decreased. . .  Full story

Spear REIT final results February 2018

17/05 The following results are the maiden full twelve month results since listing therefore are incomparable. Total revenue came to R316.6 million whilst net operating profit was R211.6 million. Profit attributable to. . .  Full story

South Africa's rand firms as Turkish bank intervention aids EM's

16/05 South Africa's rand firmed more than 1 percent on Wednesday in a broad emerging market rally, driven largely by a recovery in the Turkish lira after the country's central bank said. . .  Full story

Santova final results February 2018

16/05 Revenue for the year increased to R311.4 million (2017: R299 million). Operating profit grew to R100.7 million (2017: R96.8 million). Profit for the year attributable to equity holders of the parent. . .  Full story

South Africa's retail sales rise 4.8 percent y/y in March

16/05 South African retail sales rose 4.8 percent year-on-year in March after increasing by a revised 4.2 percent in February, data from the statistics office showed on Wednesday.. . .  Full story

Uganda power distributor Umeme to spend $1.2 bln to expand grid

16/05 Ugandan power distributor Umeme Ltd plans to spend $1.2 billion in the next seven years to revamp and expand the grid and has hired an adviser to explore options for raising. . .  Full story

South Africa's Tharisa acquires 90 percent stake in Zimbabwean chrome

16/05 South African mining firm Tharisa has bought a 90 percent stake in Salene Chrome Zimbabwe Limited, it said on Wednesday, gaining access to rich chrome deposits and growing its presence in. . .  Full story

CAPPREC final results March 2018

16/05 Revenue for the year jumped to R571.3 million (R80.2 million). Operating profit was recorded at R162.3 million (loss of R19.9 million), while total comprehensive income for the year was higher at. . .  Full story