SA Company

South Africa's rand firms as investors chase riskier assets, stocks up

16/10 South Africa's rand firmed against a softer dollar on Tuesday, its strongest since the start of the month, in line with other emerging-market currencies which have slowly restored gains after recent sharp losses.. . .  Full story

South Africa's rand steady as dollar struggles, stocks to open lower

16/10 South Africa's rand inched lower early on Tuesday due to profit-taking as the dollar regained some ground after sliding on poor retail sales data.. . .  Full story

S.Africa's Pick n Pay H1 profit jumps 19 pct as price cuts lure buyers

16/10 South African supermarket chain Pick n Pay Stores on Tuesday said half-year profit before tax jumped 19.1 percent as price cuts attracted more shoppers to its stores.. . .  Full story

South African Markets - Factors to watch on Oct. 16

16/10 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 rallies on Moody's, stocks track Asia lower

15/10 A decision by Moody's to delay its review on South Africa's sovereign debt buoyed the rand to its strongest in a week as it rallied for the third straight session against the dollar on. . .  Full story

Thousands strike in South Africa's plastics sector

15/10 Thousands of South African plastics sector workers began a strike on Monday over pay and benefits, halting operations at some companies, the union and firms said.. . .  Full story

Famous Brands sees $60 mln impairment as UK burger business struggles

15/10 South African fast-food chain owner Famous Brands, which owns Wimpy, Steers and Debonairs pizza said on Monday it will take a pre-tax impairment charge of 874 million rand ($60 million), sending its shares down 7. . .  Full story

South Africa's Nedbank to buy back shares from minority shareholders

15/10 South Africa's Nedbank Group Ltd said on Monday it will buy back its stock from shareholders who hold less than 100 Nedbank shares as a result of a spin-off by its biggest shareholder Old. . .  Full story

South African rand rallies as Moody's seen holding fire, stocks rebound

12/10 South Africa's rand continued to rally on Friday, lifted by a deep Wall Street selloff and near unanimous bets that Moody's will keep the country's credit rating at investment grade.. . .  Full story

South Africa's Exxaro looks to fill Eskom coal shortage

12/10 South African miner Exxaro Resources said on Friday it was looking to supply coal to state-owned power utility Eskom, which has been hit by supply shortages, posing a threat to the power supply in. . .  Full story

S.Africa's Tiger Brands re-opens processing facility after listeria outbreak

12/10 Tiger Brands said on Friday it had re-opened a facility that was closed after South Africa's biggest food producer was implicated in the world's largest outbreak of listeria which killed more that 200 people.. . .  Full story

South African insurer Sanlam seals $1 billion deal for Morocco's SAHAM

11/10 South Africa's biggest insurer Sanlam has sealed a $1.1 billion deal to acquire the remaining 53.37 percent stake in Moroccan insurance firm SAHAM Finances after receiving regulatory approvals, it said on Thursday.. . .  Full story

South African Markets - Factors to watch on Oct 11

11/10 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 weakens, stocks hit three-month low

10/10 South Africa's rand weakened on Wednesday, giving back gains it made following Tito Mboweni's appointment as fiance minister, with investors banking profits ahead of a ratings decision on Friday.. . .  Full story

Ex-central banker Mboweni takes on South Africa's hobbling economy

10/10 South African markets rallied after the appointment of former central banker Tito Mboweni as finance minister, an ANC insider and ally of President Cyril Ramaphosa expected to focus on wooing investors and reviving an economy. . .  Full story

South Africa's rand, banking stocks rally as Mboweni named finance minister

09/10 South Africa's rand climbed to a session best on Tuesday after President Cyril Ramaphosa appointed former central bank governor Tito Mboweni as finance minister, a moved that soothed markets after days of uncertainty.. . .  Full story

S.Africa's MTN shares fall 4 percent on uncertainty over Nigeria meeting

09/10 Shares in South Africa's MTN group weakened more than 4 percent on Tuesday on uncertainty over the outcome of a meeting between the telecommunications firm and Nigeria's central bank governor over the repatriation of $8.1. . .  Full story

Nigeria's cenbank head to meet MTN and banks over $8.1 bln repatriation row -sources

09/10 Nigeria's central bank governor is to meet representatives of telecommunications company MTN and banks on Tuesday to discuss a dispute over the repatriation of $8.1 bln, two sources with direct knowledge of the matter said.. . .  Full story

AfroCentric Investment Acquires A Further 74 Pct In Activio

09/10 AfroCentric Investment Corp Ltd:. . .  Full story

South Africa's rand slides over fin min crisis, stocks hit 6-month lows

08/10 South Africa's rand weakened more than one percent on Monday over a newspaper report that Finance Minister Nhlanhla Nene had asked President Cyril Ramaphosa to sack him rocked the currency.. . .  Full story

South Africa's Woolworths to trial plastic bag free store

08/10 South African department store chain Woolworths Holdings will remove single-use plastic bags from one of its stores during a six-month trial period in a bid to end plastic pollution, it said on Monday.. . .  Full story

South Africa's MTN shares up 2 percent on possibility of reduced repatriation demand

08/10 South Africa's MTN Group shares rose as much as 2.55 percent after the Nigerian central bank governor said on Sunday the bank may reduce the amount it has ordered the telecoms firm to repatriate. . .  Full story

African Markets - Factors to watch on Oct. 8

08/10 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. - - - - - GLOBAL MARKETS Shares. . .  Full story

Nigeria promotes growth plan to investors on New York roadshow

06/10 Nigerian government officials met with fund managers in New York last week on a non-deal roadshow held to update bondholders on the country's growth plan after getting out of recession, an investor presentation seen. . .  Full story

South Africa's rand climbs on slack U.S. jobs data, stocks over 1 pct lower

05/10 South Africa's rand snapped a five-day losing streak on Friday after employment data in the United States disappointed dollar bulls and prompted fresh demand for emerging market currencies.. . .  Full story

Nigeria seeks 15 pct interest from MTN on $8.1 bln moved abroad -court papers

05/10 Nigeria's central bank is asking a Lagos court to make South Africa's MTN pay 15 percent annual interest on the $8.1 billion it claims was illegally moved abroad, according to court documents seen by. . .  Full story

MTN receives counterclaim from Nigeria's central bank - MTN lawyer

05/10 MTN has received a counterclaim from Nigeria's central bank to its request for an order to stop the bank forcing it to repatriate $8.1 billion it claims was illegally sent out of the country,. . .  Full story

Nigeria central bank hopeful on resolving MTN's $8.1 bln transfer claim -spokesman

05/10 Nigeria's central bank said on Friday it was "aggressively" engaging MTN and its lenders over $8.1 billion it alleged the telecoms firm moved out of the country illegally and is hopeful for an amicable resolution. . .  Full story

South Africa's rand firms as dollar rally pauses, stocks down

05/10 South Africa's rand firmed against the dollar early on Friday as the dollar's rally paused, with investors waiting for monthly U.S. jobs data later in the day.. . .  Full story

Phumelela Gaming And Leisure FY HEPS Of 154.23 Cents

05/10 Phumelela Gaming and Leisure Ltd:. . .  Full story

Transcend Residential Property Issues 7.3 Mln Shares To Emira Property Fund

05/10 Transcend Residential Property Fund Ltd :. . .  Full story

South Africa's rand on the ropes, stocks weaker

04/10 South African assets weakened on Thursday as a rally in U.S. bond yields overshadowed President Cyril Ramaphosa's promise to create an additional quarter of a million jobs year.. . .  Full story

South Africa's Ramaphosa says jobs plan will create 275,000 jobs a year

04/10 South African President Cyril Ramaphosa said on Thursday that a gathering of top officials and business leaders had agreed on a package of measures that would create an additional 275,000 jobs a year.. . .  Full story

South Africa's Exxaro eyes South32's coal assets, export quota - CEO

03/10 South African miner Exxaro is interested in South32's local coal assets, which include an export quota, as it looks to increase its exports, Exxaro's chief executive said on Wednesday.. . .  Full story

South Africa's Liberty begins consultations on possible job cuts

03/10 South African Insurer Liberty Holdings is considering job cuts as part of a wider restructuring of its business, the company said on Wednesday.. . .  Full story

S.Africa's NUM, UASA and Solidarity unions agree 3-year Harmony Gold wage deal

03/10 Harmony Gold signed a three-year wage agreement with South Africa's National Union of Mineworkers (NUM) and two other unions on Wednesday, the company and unions said on Wednesday.. . .  Full story

South Africa's NUM, UASA and Solidarity unions agree 3-year Harmony Gold wage deal

03/10 Harmony Gold signed a three-year wage agreement with South Africa's National Union of Mineworkers (NUM) and two other unions on Wednesday, according to the Twitter account of NUM spokesman Livhuwani Mammburu.. . .  Full story

South Africa's Aveng to sell rail business for $9.2 mln

03/10 South Africa's Aveng will sell its rail business for 133 million rand ($9 million) to black-owned investment company Mathupha Capital, the construction firm said on Wednesday.. . .  Full story

South Africa's rand hit by euro wobble, stocks slip

02/10 South Africa's rand retreated again on Tuesday as turmoil in Italy sparked off a selloff on the euro that spread to emerging market currencies as investors avoided risk assets and fled to safe havens.. . .  Full story

South Africa's Group Five to cut more jobs as losses swell

02/10 South African construction firm Group Five will cut more jobs as it seeks to trim loss-making divisions, it said on Tuesday, highlighting an industry-wide slump in its home market that has left many companies fighting. . .  Full story

Northam Platinum, South Africa's NUM union sign 3-year wage deal

02/10 South Africa's National Union of Mineworkers (NUM) has signed a three-year wage deal with platinum producer Northam Platinum that secures wage hikes of more than double the inflation rate for its members, the union said. . .  Full story

S.Africa's Group Five FY loss widens on Ghana contract costs

02/10 South African engineering and construction firm Group Five posted a 62 percent rise in full-year losses due to higher costs from the delayed Kpone power project in Ghana, the company said on Tuesday.. . .  Full story

South African rand dips as dollar dominates, stocks inch up

01/10 South Africa's rand weakened on Monday as a recent rally gave way to a resurgent dollar boosted by climbing U.S. treasury yields and a dip in risk demand, as trade war concerns resurfaced.. . .  Full story

Rising costs take toll on new corporate, emerging market debt

01/10 Corporate and emerging market bond sales fell in the third quarter due to rising borrowing costs and trade tensions, while volatility crimped fund managers' emerging debt appetite.. . .  Full story

South African Markets - Factors to watch on Oct. 1

01/10 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday.. . .  Full story

Congo mines minister backs state miner over Barrick's Kibali takeover

28/09 Barrick Gold Corp's acquisition of Randgold's stake in the Kibali gold mine requires approval by the Democratic Republic of Congo's government, Mines Minister Martin Kabwelulu said on Friday.. . .  Full story

South Africa's rand, stocks fall on euro woes

28/09 South Africa's rand weakened against the dollar on Friday and stocks ended lower, tracking weaker European markets that were weighed down by Italy budget worries.. . .  Full story

South African investors back Steinhoff class action lawsuit

28/09 South African investors including Allan Gray, Investec's asset management arm and Old Mutual are backing litigation against crisis-hit Steinhoff in the Netherlands, they said on Friday.. . .  Full story

Nigerian unions start general strike over minimum wage

27/09 Nigeria's main unions launched an indefinite strike on Thursday in a dispute over the minimum wage and a key oil industry union said it would join, in a decision that could potentially impact crude. . .  Full story

South Africa's Woolworths makes e-commerce push with upgraded app

27/09 South African department store chain Woolworths Holdings is looking to grab a larger share of the rapidly growing online shopping market by allowing customers to order directly from its mobile app.. . .  Full story

South Africa's rand rallies post-Fed, stocks fall over 1 pct

27/09 South Africa's rand firmed on Thursday, brushing off a rate increase by the U.S. Federal Reserve, with traders continuing to see carry potential in the unit.. . .  Full story

S.Africa's Netcare sees lower hospital margins, shares fall

27/09 South Africa's Netcare expects the core profit margin at its biggest division, hospital and emergency services, to fall 30-50 basis points this fiscal year due to a weak economy, it said on Thursday, sending its. . .  Full story

South Africa's Netcare flags lower EBITDA margin, shares tumble

27/09 Netcare, South Africa's second-largest private hospital operator, said on Thursday that it expected its full-year EBITDA margins to decline by between 30 and 50 basis points from the previous year, sending its shares to a. . .  Full story

South Africa's MTN tells Nigerian staff to stay at home due to strike

27/09 South Africa's telecoms group MTN on Thursday told its staff in Nigeria to stay at home after the country's main unions launched a nationwide strike to demand a higher minimum wage from the government.. . .  Full story

Polish miner JSW to work with Sasol on new plant

27/09 Poland's JSW, the European Union's biggest coking coal producer, said on Thursday it will cooperate with South African petrochemicals group Sasol on a project to launch a synthetic fuel plant in Poland.. . .  Full story

Jasco Electronics Holdings FY HEPS Of 2.7 Cents

27/09 Jasco Electronics Holdings Ltd:. . .  Full story

South African Markets - Factors to watch on September 27

27/09 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Thursday.. . .  Full story

Old Mutual shareholders to get $3.5 bln from Nedbank spin-off

26/09 South Africa's Old Mutual Ltd said on Wednesday its shareholders would get about 50 billion rand ($3.52 billion) from the spin-off of a majority stake in Nedbank and dividends.. . .  Full story

Britain's FTSE steadies near 3-week highs; Boohoo jumps

26/09 Britain's top stock index held near a three-week high on Wednesday as investors took profits from a recent rally in oil majors after crude prices hit a four-year peak, while retailer Boohoo jumped after. . .  Full story

South Africa's Motus Holdings to float 200 mln shares in November listing

26/09 South Africa's Motus Holdings, the auto dealership arm of transport group Imperial Holdings, will issue over 200 million shares when it lists in November, Motus said on Wednesday.. . .  Full story

South Africa's rand rallies on EM breather ahead of Fed, stocks fall

26/09 South Africa's rand powered to its firmest since late August on Wednesday as risk assets rallied despite expectations the Federal Reserve would raise interest rates and draw a line under a decade of accommodative. . .  Full story

South Africa's Capitec Bank's H1 profit up 20 pct

26/09 South African lender Capitec Bank reported a 20 percent rise in half-year profit on Tuesday, helped by strong client growth.. . .  Full story

South African Markets - Factors to watch on September 26

26/09 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday.. . .  Full story

Capitec Bank Holdings HY HEPS Of 2,128 Cents

26/09 Capitec Bank Holdings Ltd:. . .  Full story

Britain's BMI Healthcare close to 2 bln stg restructuring deal - source

25/09 Britain's largest private healthcare group, BMI Healthcare, is nearing a 2 million pounds ($2.6 million) restructuring deal that could cut millions of pounds from its annual rent bill, a person familiar with the matter said. . .  Full story

Embattled South African construction firm Aveng reports wider FY operating loss

25/09 South Africa's Aveng reported on Tuesday a wider annual net operating loss due to declining revenue in two business units in its manufacturing business as well as under-performance of three key contracts in its core. . .  Full story

South Africa rand on the ropes as stimulus package disappoints; stocks fall

25/09 South Africa's rand remained on the rack on Tuesday with investors unconvinced by the economic stimulus plan President Cyril Ramaphosa announced last week.. . .  Full story

York Timber Holdings FY HEPS Of 46 Cents

25/09 York Timber Holdings Ltd:. . .  Full story

South African phosphate miner plans London IPO by year-end - CEO

25/09 South African phosphate miner, Kropz, is on track to list on London's AIM Stock Exchange by the end of the year as it prepares for first production from its main asset in 2019, its. . .  Full story

S.Africa's Life Healthcare not ruling out return to India after Max disposal

24/09 South African private hospital group Life Healthcare has said it is not ruling out a return to India after selling the firm's entire stake in Max Healthcare, in an effort to focus on its. . .  Full story

Aspen Pharma suffers week of woe as valuation tumbles by $3 bln

21/09 Aspen Pharmacare has lost about 45 billion rand ($3 billion) of its market value in just over a week in a sell-off sparked by concern over the South African company's debt and the sale. . .  Full story

South Africa's NUM union signs wage deal with AngloGold

21/09 South Africa's National Union of Mineworkers (NUM) signed a three-year wage deal with AngloGold Ashanti on Friday, inking the same agreement that other unions reached with the company earlier in the week.. . .  Full story

South Africa's Clicks CEO to retire, names insider as successor

21/09 South Africa health and beauty retailer Clicks Group said on Friday its Chief Executive Officer David Kneale was retiring and will be succeeded by insider Vikesh Ramsunder.. . .  Full story

South African Markets - Factors to watch on Sept. 21

21/09 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 rand firms on rate hold, dollar weakness; stocks up

20/09 South Africa's rand firmed to a three-week high against the dollar on Thursday after the central bank left its benchmark repo rate unchanged and the U.S. currency slipped to its lowest since July.. . .  Full story

South Africa's Pick n Pay sees jump in HY profits

20/09 South African retailer Pick n Pay said on Thursday that it expects its half-year diluted headline earnings per share to increase by up to 85 percent largely due to cost savings from staff layoffs made. . .  Full story

MTN shares rise after Nigeria says reviewing information to resolve $8.1 bln dispute

20/09 Shares in South Africa's MTN rose 5 percent on Thursday, after Nigeria's central bank said on Wednesday that it was reviewing information provided by the telecoms firm and four banks over a dispute on the. . .  Full story

Nigeria's cbank says reviewing information to resolve $8.1 bln MTN repatriation

19/09 Nigeria's central bank is reviewing information provided by MTN and four banks accused of helping the South African telecoms company to illegally repatriate $8.1 billion, with a view to reaching an equitable resolution, it said. . .  Full story

South Africa's rand firms on positive consumer inflation data

19/09 South Africa's rand gained more than 1 percent on Wednesday after better than expected inflation data cooled bets the central bank would raise lending rates at its meeting on Thursday.. . .  Full story

Life Healthcare to sell stake in Indian JV for $293 million

19/09 South African private hospital group Life Healthcare said on Wednesday it will sell its entire 49.7 percent stake in India's Max Healthcare to a global investment firm for 4.3 billion rand ($293 million), in order. . .  Full story

Naspers frees cash-rich Multichoice to take on Netflix & co

19/09 South African media and e-commerce group Naspers' plan to spin off Multichoice, Africa's biggest pay-TV business by subscribers, will free up cash for the unit to compete with fast-growing Netflix and other streaming services.. . .  Full story

Johannesburg stock exchange looks to tighten listing rules

19/09 The Johannesburg Stock Exchange (JSE) wants to increase the minimum capital amount required for a primary listing and is considering stricter rules on secondary listings as it seeks to improve corporate governance.. . .  Full story