SA Company

Aspen Pharmacare drops on debt worries and revenue forecast

11h57 Shares in Aspen Pharmacare fell more than 8 percent on Friday, a day after the South African drugmaker said it had negotiated a temporary relaxation of its lending agreements and forecast little growth in full-year. . .  Full story

Aspen Pharmacare shares slump after revenue forecast disappoints

10h26 Shares in South Africa's Aspen Pharmacare fell more than 8 percent in early Friday trade a day after it forecast full-year revenue growth of between 1 percent and 4 percent in commercial pharmaceuticals.. . .  Full story

South Africa's Aspen says on track to dispose of baby milk business

13/12 Aspen Pharmacare said on Thursday it expected the conditions for the sale of its infant formula business to be in place by the first quarter of 2019.. . .  Full story

South African rand weaker, stocks inch up

13/12 South Africa's rand retreated on Thursday, giving up early small gains with traders cautious going into year-end and demand for riskier assets globally fading after the European Central Bank struck a tentative tone on economic. . .  Full story

MTN, Nigerian central bank dispute will be over "very soon" -regulator

13/12 The Nigerian telecoms regulator said on Thursday that an $8.1 billion dispute between South African telecoms group MTN and the Nigerian central bank "is being resolved and very soon it will be over.". . .  Full story

Gold Fields to restart production in South Africa as workers return

13/12 Workers will return to Gold Fields' sole South African mine on Thursday after a six-week strike was called off by the country's National Union of Mineworkers (NUM), with production likely to resume in earnest after. . .  Full story

South Africa's Group Five attracts interest in parts of business

13/12 Loss-making South African construction firm Group Five Ltd has received interest from a number of parties for various parts of its business as it explores selling some assets, it said on Thursday.. . .  Full story

Gold Fields to restart South African gold production as workers return

13/12 Workers will return to Gold Fields' sole South African mine on Thursday after a six-week strike was called off by the country's National Union of Mineworkers (NUM), with production likely to resume in earnest next. . .  Full story

Amplats expects 20 pct jump in full-year earnings

13/12 Anglo American Platinum on Thursday said it expects a 20 percent increase in full-year earnings, helped by an increase in the rand basket price and improved operational performance.. . .  Full story

South Africa's rand firms in line with emerging markets and stocks

11/12 The South African rand firmed on Tuesday, in line with other emerging market currencies and rise in stocks, as investors' appetite for riskier assets was boosted by better-than-expected manufacturing data and a pause in a. . .  Full story

Anglo forecasts copper, diamonds and platinum to lift output

11/12 Anglo American said on Tuesday its overall production will rise by more than previously expected between 2018 and 2021, while this year's costs are forecast to be lower.. . .  Full story

Famous Brand's UK burger chain shuts 14 struggling stores

11/12 South Africa's Famous Brands said on Tuesday its UK-based unit Gourmet Burger Kitchen (GBK) has closed 14 out of 17 under-performing stores following the approval of a restructuring plan by creditors.. . .  Full story

South Africa's MTN says still in talks with Nigerian authorities

10/12 South African telecoms firm MTN Group was still in talks with Nigerian authorities over an $8.1 billion dispute and a $2 billion tax demand in a bid to reach an agreement, Africa's biggest mobile. . .  Full story

South African rand gains on renewed risk appetite; stocks rebound

07/12 South Africa's rand gained against a softer dollar on Friday as bond yields fell and stocks rebounded.. . .  Full story

S.African rand slides as current account deficit widens, Eskom woes weigh

06/12 South Africa's rand weakened more than 2 percent on Thursday and bonds fell after the current account deficit widened in the third quarter and power firm Eskom said it was considering restructuring its debt,. . .  Full story

South Africa's Tiger Brands reopens meat plant after listeria outbreak

06/12 South African authorities have given food maker Tiger Brands permission to re-open a factory closed after the world's biggest listeria outbreak was traced to one of its facilities, the company said on Thursday.. . .  Full story

HSBC Chairman Tucker takes on non-exec role at South Africa's Discovery

06/12 HSBC Chairman Mark Tucker will become non-executive chairman of South Africa-based Discovery Group in March 2019, the two companies said on Thursday.. . .  Full story

Ingenuity Property Investments Withdraws Cautionary Announcement

06/12 Ingenuity Property Investments Ltd :. . .  Full story

South African Markets - Factors to watch on Dec.6

06/12 nges date in headline to Dec 6, not 5) The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Thursday. . .  Full story

Group Five shares plunge on $60 mln claim for Ghana power project

06/12 Shares in South African engineering company Group Five plunged more than 40 percent on Thursday after a customer's $60.5 million compensation claim relating to the unfinished Kpone power plant in Ghana.. . .  Full story

South Africa's rand slightly firmer, stocks fall

05/12 South Africa's rand firmed on Wednesday, regaining some of the ground it lost overnight as concerns of a recession in the United States wobbled the dollar.. . .  Full story

South African insurer Sanlam's shares fall on weak earnings

05/12 South Africa's biggest insurer Sanlam said on Wednesday its normalised headline earnings fell 10 percent in the ten months to October, sending its shares 4 percent lower.. . .  Full story

South African insurer Sanlam sees 10 percent fall in headline earnings

05/12 South Africa's biggest insurer Sanlam saw its normalised headline earnings fall 10 percent for the 10 months to October, it said on Wednesday.. . .  Full story

Nigerian court adjourns MTN and central bank case amid settlement talks

04/12 South African telecoms firm MTN Group and Nigeria's central bank are in talks to settle an $8.1 billion dispute, their lawyers said on Tuesday, as a court in Lagos adjourned the case between the. . .  Full story

Digital newcomers out to disrupt South African banking

04/12 Armed with low-cost operating models, three South African digital banks are betting on aggressive pricing and data analytics to attract tech-savvy, price-conscious consumers when they launch next year in a rare challenge to the old. . .  Full story

South African Markets - Factors to watch on December 4

04/12 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 rand and stocks lifted by U.S.-China trade truce

03/12 South Africa's rand firmed more than 1 percent against a softer dollar on Monday, in line with emerging markets and a fall in bond yields, as a temporary trade truce agreement between U.S. and. . .  Full story

South Africa court paves way for class action against Tiger Brands

03/12 A South African court on Monday granted a class action certificate to victims of listeriosis, paving the way for them to claim against Tiger Brands after the world's largest ever outbreak claimed more than. . .  Full story

Nigerian court to hear MTN and attorney general case on Feb 7 - registrar

03/12 A Lagos court hearing concerning a dispute between South African telecoms firm MTN Group and Nigeria's attorney general over a $2 billion tax demand will take place on Feb. 7, a registrar said on. . .  Full story

South African Markets - Factors to watch on Dec. 3

03/12 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday.. . .  Full story

Beyonce leads all-star line-up at Mandela tribute concert

02/12 Thousands turned out on Sunday for a concert in Johannesburg to honour the life of Nelson Mandela, with Beyonce leading an all-star line-up.. . .  Full story

S.Africa's main iron ore export rail link closed until Dec. 9

30/11 South Africa's main iron ore export railway line has been closed until Dec. 9 after a truck badly damaged a railway bridge, state-owned freight group Transnet said on Friday, sending shares in Kumba Iron. . .  Full story

More firms show interest in buying South Africa's Clover

30/11 South Africa's Clover Industries said on Friday other unnamed firms have shown interest in buying all its shares, after the dairy firm said in October it was in talks with a potential suitor.. . .  Full story

South African Markets - Factors to watch on Nov. 30

30/11 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.. . .  Full story

South African state pension fund raises stake in MTN to 23.6 pct

28/11 A South African state-owned pension fund has raised its stake in mobile phone operator MTN Group to nearly 24 percent, regulatory filings showed on Wednesday, a bet on the company in the middle of. . .  Full story

Gold Fields improves severance terms at South Deep in bid to end strike

28/11 Gold Fields said on Wednesday it had offered union members striking at its South Deep mine in South Africa an increased severance package to try to resolve the dispute which has halted production.. . .  Full story

South Africa's rand, stocks slide as trade tensions weigh

27/11 South Africa's rand weakened on Tuesday, surrendering earlier gains as risk aversion over trade tensions between China and the United States seeped back into currency markets.. . .  Full story

South Africa's Omnia to cut chemical unit jobs after half-year loss

27/11 Omnia Holdings, a South African chemicals and fertiliser maker, said on Tuesday it would cut about 125 jobs and reduce costs at its struggling chemical producing unit.. . .  Full story

South Africa's Omnia to cut around 125 jobs at chemical unit

27/11 Omnia Holdings, a South African chemicals and fertiliser maker, said on Tuesday it plans reduce costs and to cut around 125 jobs from its 850-strong workforce at its struggling chemicals business.. . .  Full story

South African Markets - Factors to watch on Nov. 27

27/11 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.. . .  Full story

S. African minister unhappy with Gold Fields after job talks

26/11 South Africa's Gold Fields is not acting in good faith in talks with the government over planned job cuts, mining minister Gwede Mantashe said on Monday, a setback for negotiations aimed at ending a weeks-long. . .  Full story

South African bourse fines Pepkor for breaching listing requirements

26/11 South Africa's Johannesburg Stock Exchange (JSE) has fined retailer Pepkor Holdings Ltd for breaching its listing requirements, it said on Monday.. . .  Full story

South African Markets - Factors to watch on November 26

26/11 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 rand retreats from 3-month high, stocks fall

23/11 South Africa's rand fell on Friday, giving back some of Thursday's gains after a hike in the official borrowing rate by the central bank helped the currency hit a three-month high.. . .  Full story

South Africa's MTN shares rise 4 percent on news of Nigeria dispute settlement

23/11 Shares in MTN Group surged 4 percent on Friday with traders attributing the rise to news that Nigeria's central bank was on the verge of reaching an agreement over a $8.1 billon dispute with. . .  Full story

Primeserv Group HY HEPS Of 10.32 Cents

23/11 Primeserv Group Ltd:. . .  Full story

South African Markets - Factors to watch on Nov 23

23/11 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.. . .  Full story

Zimbabwe plans refinery for the country's platinum mines- budget document

22/11 Zimbabwe is planning to build a base metals and precious metals refinery that will process platinum from all the country's platinum mines, a budget statement released on Thursday said.. . .  Full story

South Africa's rand climbs to 3-month best after central bank lifts rates

22/11 South Africa's rand rallied more than 1 percent on Thursday after the central bank raised benchmark lending rates for the first time in nearly three years in a close decision that underlined the bank's. . .  Full story

S.Africa's Capitec Bank wins race to buy Mercantile in $230 mln deal

22/11 South Africa's Capitec Bank said on Thursday its 3.2 billion rand ($232 million) offer to buy Mercantile Bank had been accepted, paving the way for the Stellenbosch-based lender to expand into business banking.. . .  Full story

Nigeria's central bank governor says on verge of announcing agreement on MTN

22/11 Nigeria's central bank is on the verge of announcing an agreement on MTN, its governor Godwin Emefiele said on Thursday, declining to provide further details.. . .  Full story

South Africa's Tiger Brands to spin off 42 pct stake in Oceana

22/11 South Africa's Tiger Brands , which is recovering from a food contamination crisis, will spin off its 42 percent stake in fishing company Oceana Group, worth $330 million, to focus on growing its food and. . .  Full story

BP to invest $1 bln in South Africa, including refinery upgrade

22/11 BP Southern Africa (BPSA) will invest $1 billion in South Africa in the next five years with more than a quarter of that set aside to upgrade the SAPREF refinery to produce lower sulphur. . .  Full story

Ingenuity Property Investments FY HEPS Of 3.6 Cents

22/11 Ingenuity Property Investments Ltd :. . .  Full story

South African Markets - Factors to watch on Nov 22

22/11 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 at 2-week high on improved risk appetite, stocks up

21/11 South Africa's rand raced to a two-week high against the dollar on Wednesday, in line with a rebound in some other emerging market currencies, as investors piled into riskier assets and sold the greenback.. . .  Full story

Indequity Group FY HEPS Of 74.06 Cents

21/11 Indequity Group Ltd:. . .  Full story