21/08 Retailer Pepkor Holdings Ltd, previously known as Steinhoff Africa Retail (STAR), on Tuesday reported a 13.8 percent rise in group revenue for the nine months to the end of June, as its low prices attracted shoppers.
21/08 Africa's biggest grocer
Shoprite reported its first annual earnings decline in
19 years on Tuesday, due to a currency devaluation in Angola and
a lacklustre showing in its home South African market and
elsewhere on the continent.
15/08 South Africa's rand slumped on Wednesday as ratings agency Moody's warned that the pace of fiscal consolidation in Africa's most industrialised nation had slowed and retail sales data disappointed, underlining the fragility of the economy.
17/08 Opposition firebrand Julius Malema introduced a bill to nationalise South Africa's central bank, raising pressure on the ruling ANC to go through with a plan it shelved this year and rattling markets wary of threats to the institution's independence.
09h11 Revenue for the year increased to R26.800 billion (2017: R26.470 billion), operating profit lowered to R1.098 billion (2017: R1.175 billion), net profit for the year attributable to equity holders of the. . .
08h32 Revenue from continuing operations for the year increased by 8% to R119.4 billion (2017: R110.5 billion). Trading profit grew by 8.7% to R6 billion (2017: R5.5 billion). Operating profit was 2.6%. . .
08h01 Revenue for the year increased to R1.725 billion (2017: R1.640 billion), operating profit rose 14.4% to R139.2 million (2017: R121.7 million), profit for the year jumped to R97.5 million (2017: R86.4. . .
07h20 Mongolian butcher
Kuntuguan Ajbai chants under his breath as he slits the throat
of a sheep with a single stroke of his sharpened knife, making
sure the animal's swift death is halal – acceptable under the
laws of Islam.
07h20 Linde said
divestments needed to secure regulatory approval for its planned
tie-up with Praxair have reached a size that would allow
either party to abandon the deal, but added it was in
constructive talks with its prospective merger partner.
07h12 The Australian and New
Zealand dollars found support from upbeat domestic economic news
on Wednesday, while the Aussie handily weathered a squall of
political uncertainty that threatened to topple the country's
07h10 China's Geely Automobile
Holdings Ltd said on Wednesday that first-half net
profit rose 54 percent over the same period last year, as
Chinese consumers snapped up its cars designed with its Swedish
luxury auto affiliate. . .
07h08 The Swiss government urged voters
on Tuesday to reject more help for farmers and other proposals
for agriculture in a referendum next month, saying they would
send food prices rocketing and hurt the economy.. . .
07h00 A scorching hot, dry summer has
ended five years of plenty in many wheat producing countries
and drawn down the reserves of major exporters to their lowest
level since 2007/08, when low grain. . .
07h00 Tesla Inc Chief Executive Elon
Musk's contemplated $72 billion take-private deal is presenting
investments bankers with a dilemma: heed concerns about how
feasible it is or risk missing out on what could be this. . .
06h59 Four of Japan's biggest nuclear operators
and plant builders have started talks on a potential partnership
in atomic energy, as the sector struggles to reboot in the wake
of the Fukushima disaster seven years. . .
06h57 The smog-prone Chinese province
of Hebei is aiming to slash road freight in favour of rail and
river transport over the next two-and-a-half years as part of
efforts to improve air quality, officials said.. . .
07h05 China's yuan inched up against
the U.S. dollar on Wednesday as the greenback weakened but
traders were reluctant to take fresh positions ahead of the
start of the latest round of Sino-U.S. trade talks. . .
07h02 The dollar remained on the
defensive on Wednesday, as U.S. President Donald Trump's
comments on monetary policy continued to weigh on the greenback
and as markets awaited U.S.-China trade talks and Federal
Reserve minutes for. . .
05h50 Asian stocks eked out gains on
Wednesday, with sentiment boosted by Wall Street's rise and a
record intraday high for the S&P 500 index on Tuesday, but
fragile Chinese markets retreated after two days. . .
20/08 Poor liquidity within Ivory Coast's banking system caused by the collapse of the top cocoa producer's largest domestic exporter risks hindering exports at the start of the upcoming main crop, exporters. . .
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