Most Read Today

Latest low-fee, digital accounts shake up South African banking

21/05 South Africans were offered low-fee, digital accounts by two "traditional" banks this week in a sign of how competition from a new breed of cheaper, online-only rivals is driving change in the $30 billion. . .  Full story

Rand weakens in cautious trade ahead of inflation, rates decision

21/05 South Africa's rand backtracked on Tuesday, surrendering the previous session's small gains in cautious trade as investors awaited key data release later in the week.. . .  Full story

Reinet final results March 2019

21/05 Total income for the year increased to EUR269 million (EUR262 million). Loss attributable to shareholders came to EUR145 million (loss of EUR843 million). Furthermore, headline loss per share came to EUR0.74. . .  Full story

Zambian court appoints provisional liquidator of Vedanta's Konkola Copper Mines

21/05 Zambia's High Court on Tuesday appointed a legal firm as a provisional liquidator of Vedanta-controlled Konkola Copper Mines, according to a court document seen by Reuters.. . .  Full story

Barloworld - opening of Khula Sizwe public offer

10/04 In the furtherance of its broad-based black economic empowerment objectives and as previously described in, inter alia, the following Barloworld announcements: Proposed Broad-Based Black Economic Empowerment Transaction dated 19 November 2018,. . .  Full story

Tiger Brands interim results March 2019

08h23 Revenue for the interim period decreased to R15.402 billion (2018: R15.685 billion), gross profit lowered to R4.822 billion (2018: R5.217 billion), profit for the period attributable to owners of the parent. . .  Full story

Barloworld interim results March 2019

20/05 Revenue for the first six months was down by 1.6% to R30.4 billion (1H'18: R30.9 billion) despite strong revenue growth in Equipment southern Africa which grew by 15.7% to R10.0 billion. . .  Full story

Trump tells Congress to ratify trade deal before dealing with infrastructure

03h48 U.S. President Donald Trump told Democratic leaders on Tuesday to pass the United States-Mexico-Canada trade pact before working on an infrastructure bill, a sign that crumbling roads and bridges are unlikely to get significant federal. . .  Full story

Coronation Fund Managers HY Diluted HEPS 165.1 Cents

21/05 Coronation Fund Managers Ltd:. . .  Full story

Most Read Yesterday

Barloworld - opening of Khula Sizwe public offer

10/04 In the furtherance of its broad-based black economic empowerment objectives and as previously described in, inter alia, the following Barloworld announcements: Proposed Broad-Based Black Economic Empowerment Transaction dated 19 November 2018,. . .  Full story

Latest low-fee, digital accounts shake up South African banking

21/05 South Africans were offered low-fee, digital accounts by two "traditional" banks this week in a sign of how competition from a new breed of cheaper, online-only rivals is driving change in the $30 billion. . .  Full story

Reinet final results March 2019

21/05 Total income for the year increased to EUR269 million (EUR262 million). Loss attributable to shareholders came to EUR145 million (loss of EUR843 million). Furthermore, headline loss per share came to EUR0.74. . .  Full story

Coronation interim results March 2019

21/05 Revenue for the interim period decreased 22% to R1.632 billion (2018: R2.079 billion), results from operating activities fell 27% to R752 million (2018: R1.025 billion), profit attributable to equity holders of. . .  Full story

Zambian court appoints provisional liquidator of Vedanta's Konkola Copper Mines

21/05 Zambia's High Court on Tuesday appointed a legal firm as a provisional liquidator of Vedanta-controlled Konkola Copper Mines, according to a court document seen by Reuters.. . .  Full story

Rand weakens in cautious trade ahead of inflation, rates decision

21/05 South Africa's rand backtracked on Tuesday, surrendering the previous session's small gains in cautious trade as investors awaited key data release later in the week.. . .  Full story

Coronation Fund Managers HY Diluted HEPS 165.1 Cents

21/05 Coronation Fund Managers Ltd:. . .  Full story

RFG interim results March 2019

21/05 Revenue for the interim period increased to R2.741 billion (2018: R2.507 billion), gross profit rose to R685.3 million (2018: R633.7 million), profit attributable to owners of the company decreased to R80.9. . .  Full story

S.Africa's Amplats fires over 600 underground workers at its Mototolo mine

20/05 Anglo American Platinum (Amplats) said on Monday it fired about half of the underground workers at its Mototolo mine following an illegal strike.. . .  Full story

U.S. eases curbs on Huawei; founder says clampdown underestimates Chinese firm

21/05 The United States has temporarily eased trade restrictions on China's Huawei to minimize disruption for its customers, a move the founder of the world's largest telecoms equipment maker said meant little because it was already. . .  Full story

Most Read This Month

Barloworld - opening of Khula Sizwe public offer

10/04 In the furtherance of its broad-based black economic empowerment objectives and as previously described in, inter alia, the following Barloworld announcements: Proposed Broad-Based Black Economic Empowerment Transaction dated 19 November 2018,. . .  Full story

South Africa's Tongaat to restate prior results after accounting review

24/04 South African sugar producer Tongaat Hulett Ltd said on Wednesday it would restate prior financial information after a formal review revealed certain accounting practices that needed to be re-examined.. . .  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. . .  Full story

South Africa's Sibanye-Stillwater lowers valuation for miner Lonmin

25/04 South Africa's Sibanye-Stillwater on Thursday revised its offer for Lonmin, with new terms that gave a valuation for the struggling platinum miner that was about 60 million pounds ($77 million) less. . .  Full story

South Africa's Long4Life beats sales estimates, suspends dividend

15/05 South African investment firm Long4Life on Wednesday suspended its dividend after spending on share repurchases and posted forecast-beating annual sales, sending its shares up nearly 5%.. . .  Full story

Steinhoff set to release 2017 results, shares rise

07/05 Steinhoff on Tuesday is due to reveal the impact of South Africa's biggest corporate scandal on its finances when it publishes 2017 earnings after repeated delays caused by the lengthy process. . .  Full story

PSG final results February 2019

24/04 Revenue from sale of goods lowered to R13.0 billion (R14.0 billion) whilst gross profit from sale of goods also decreased to R1.6 billion (R2.0 billion). Profit attributable to owners remained unchanged. . .  Full story

South African listed Steinhoff shares tumble after release of 2017 results

09/05 Johannesburg-listed shares of South African retailer Steinhoff fell almost 20 percent on Thursday after the scandal-hit firm reported a $4 billion operating loss in the 2017 fiscal year in a much-delayed. . .  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

HNA unit CWT Intl defaults on $179 mln loan, faces asset seizure

16/04 CWT International Ltd , a unit of indebted HNA Group Co Ltd, on Tuesday said it defaulted on a HK$1.4 billion ($179 million) loan, and that it has less than 24 hours to pay. . .  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

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

South Sudan agrees oil exploration deal with South Africa

06/05 South Sudan and South Africa on Monday signed a six-year production-sharing agreement for an untapped exploration block in the East African country, where production has been hit by civil war.. . .  Full story

South 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. . .  Full story

Zimbabwe faces worst power cuts in 3 years, mines hit

13/05 Zimbabwe's state power utility imposed the worst rolling blackouts in three years on Monday, with households and industries including mines set to be without electricity for up to eight hours daily.. . .  Full story

Tongaat - unwind of 2007 B-BBEE transaction

14/05 In June 2007, Tongaat Hulett entered into a 10-year Broad-Based Black Economic Empowerment ("B-BBEE") equity transaction whereby two B-BBEE SPVs, TH Development Infrastructure SPV (RF) Proprietary Limited ("Infrastructure SPV") and yoMoba. . .  Full story

South Africa's Ascendis sells Bioscience business for $33 mln

02/05 South African Health and wellness group Ascendis Health said on Thursday it will sell three businesses within its Biosciences division to a consortium for 480 million rand ($33 million) as part. . .  Full story

S. Africa's Steinhoff cuts value of goodwill assets in 2017 accounts

30/04 South African retailer Steinhoff said on Tuesday it had reduced the value of goodwill and intangible assets recorded in its accounts for the end of September 2017 by 1.8 billion euros ($2 billion) to. . .  Full story

Latest low-fee, digital accounts shake up South African banking

21/05 South Africans were offered low-fee, digital accounts by two "traditional" banks this week in a sign of how competition from a new breed of cheaper, online-only rivals is driving change in the $30 billion. . .  Full story

S.Africa's 2019 wine harvest set to hit lowest in more than a decade

06/05 South Africa, the world's eighth largest wine producer, is expected to harvest its smallest amount of wine grapes in 14 years this year, as dry conditions and fluctuating weather hit output,. . .  Full story

JPMorgan cuts S.Africa local bond exposure citing fiscal, flags rating risks

13/05 JPMorgan reduced its exposure to South African local bonds citing a deteriorating fiscal outlook and flagged risks over its expectations that Moody's would not change its rating in the near term.. . .  Full story

Vodacom final results March 2019

13/05 Revenue for the year increased to R86.6 billion (2018: R86.4 billion), operating profit rose to R24.5 billion (2018: R24.3 billion), profit attributable to equity shareholders decreased to R14.8 billion (2018: R15.3. . .  Full story

Redefine interim results February 2019

06/05 Total revenue for the interim period increased to R4.4 billion (2018: R3.9 billion), net operating profit grew to R2.8 billion (2018: R2.5 billion) and profit for the period attributable to shareholders. . .  Full story

AngloGold Ashanti plans to sell up in South 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

CMH final results February 2019

23/04 Revenue for the year increased to R11.155 billion (2018: R10.573 billion), gross profit rose to R1.825 billion (2018: R1.766 billion), operating profit decreased to R411.2 million (2018: R438.4 million), profit attributable. . .  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

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 shakes up board, appoints former S.Africa deputy finmin as next chair

03/05 South African telecoms provider MTN Group has appointed former deputy finance minister Mcebisi Jonas as chairman-designate in a board shake-up following a series of regulatory issues that cost it more than $1 billion.. . .  Full story

Investec battles Brexit, weak South African economy

16/05 Financial services group Investec said on Thursday a rise in annual earnings showed its resilience in the face of a weak South African economy and Brexit, which has put clients off. . .  Full story

South African government says Chinese loan to Eskom not in jeopardy

02/05 South Africa's public enterprises ministry on Thursday said that a China Development Bank (CDB) loan to struggling state power company Eskom was not in jeopardy.. . .  Full story