Sectors Shares
SECTIONS

SA Business

South African rand dips ahead of S&P rating review, stocks rise

26/05 South Africa's rand weakened in cautious trade on Friday as investors took profits from a rally in the previous session ahead of a ratings review decision by S&P Global Ratings.  Full story

Kenya moves to regulate fintech-fuelled lending craze

26/05 Kenya built a reputation as a pioneer of financial inclusion through its early adoption of a mobile money system that enables people to transfer cash and make payments on cellphones without. . .  Full story

S&P affirms South Africa rating, keeps stable outlook

26/05 S&P Global Ratings affirmed South Africa's sub-investment grade credit rating and kept its stable outlook on Friday, warning the country's improved economic growth remained tentative and the fiscal position was still. . .  Full story

RH Bophelo final results February 2018

25/05 RH Bophelo released its maiden final results following its listing therefore there are no comparatives. Profit for the year was R7.8 million and headline earnings per share came to 24.7 cents. . .  Full story

ATON raises bid for South Africa's Murray & Roberts, ups stake to 44 pct

25/05 German investment house ATON raised its takeover offer for Murray & Roberts by about 13 percent to $426 million on Friday, attempting to secure investor backing after the South African builder. . .  Full story

South Africa seen nudging up maize output estimate

25/05 The estimate for South Africa's 2018 maize harvest is expected to be raised slightly due to favourable weather conditions, with seasonal dry weather allowing for harvesting operations to get underway.. . .  Full story

India's Mahindra opens first assembly plant in South Africa

25/05 Indian automaker Mahindra and Mahindra has opened its first assembly plant in South Africa, which it sees as a launchpad to export vehicles to the rest of the continent, the chief. . .  Full story

South Africa investigates $80 million bitcoin scam

25/05 South African authorities are investigating an alleged cryptocurrency scam that defrauded investors of 1 billion rand ($80 million) with promises of huge returns that never materialised, police said on Friday.. . .  Full story

Sygnia interim results March 2018

25/05 Revenue for the interim period rose to R207.3 million (R147.5 million) whilst profit from operations grew to R64 million (R48.2 million). Total profit and other comprehensive income for the period also. . .  Full story

Nvest final results February 2018

25/05 Revenue for the year increased to R290.9 million (2017: R282.1 million), gross profit rose to R179.8 million (2017: R174.6 million), operating profit lowered to R87.4 million (2017: R94.1 million), while profit. . .  Full story

South African rand dips ahead of credit rating reviews

25/05 South Africa's rand weakened in cautious trade early on Friday as investors took profits from a rally in the previous session ahead of a ratings decision by S&P Global.. . .  Full story

Petra Diamonds says it urgently needs to raise $178 mln to cut debt

24/05 Mining firm Petra Diamonds said it aims to raise $178 million to help cut its debt burden, and warned it could run low on working capital and breach its debt covenants. . .  Full story

CAFCA interim results March 2018

24/05 Revenue for the interim grew to USD13.3 million (2017: USD9.4 million). Operating profit increased to USD2.5 million (2017: USD327 128). Profit for the period rose to USD1.8 million (2017: USD228 859).. . .  Full story

South African central bank holds repo rate at 6.5 percent

24/05 South Africa's central bank kept its benchmark repo rate on hold in a unanimous decision by the Monetary Policy Committee (MPC) members on Thursday, saying risks to the consumer price inflation. . .  Full story

South Africa authorities halt flights of state-run SA Express over safety

24/05 South Africa's Civil Aviation Authority (SACAA) said on Thursday it had suspended all flights of state-run airline SA Express over safety concerns.. . .  Full story

TFG final results March 2018

24/05 Revenue for the year rose to R31.5 billion (R26.4 billion) whilst operating profit before acquisition costs and finance costs was 9.3% higher at R4.2 billion (R3.8 billion). Profit attributable to equity. . .  Full story

Quantum interim results March 2018

24/05 Revenue for the interim period decreased marginally to R2.035 billion (R2.040 billion) whilst operating profit shot up to R244.2 million (R42.3 million). Profit attributable to owners multiplied to R183.2 million (R32.1. . .  Full story

South African food producer's earnings hit by meat recall after listeria outbreak

24/05 South Africa's biggest food producer Tiger Brands said a recall of cold meat products in response to a deadly listeria outbreak has cost it 365 million rand ($29 million) so far. . .  Full story

South Africa confirms Hadebe as CEO of struggling Eskom

24/05 The South African government has appointed Phakamani Hadebe as chief executive of struggling state power firm Eskom, ending a string of interim appointments that stretches back to 2016.. . .  Full story

Tradehold final results February 2018

24/05 Revenue for the year jumped to GBP101.5 million (GBP42.5 million). Operating profit shot up to GBP81.8 million (GBP63.8 million). Profit attributable to owners decreased to GBP30.8 million (GBP47.5 million). In addition,. . .  Full story

Mediclinic final results March 2018

24/05 Revenue for the year was higher at GBP2.9 billion (GBP2.7 billion) whilst operating loss came to GBP288 million (profit of GBP362 million). Loss attributable to equity holders was GBP492 million (profit. . .  Full story

South Africa's Mediclinic full-year core earnings up 3 percent

24/05 South African private hospital group Mediclinic reported a 3 percent rise in annual core profit on Thursday, boosted by a recovery in its Middle Eastern operations.. . .  Full story

South Africa's rand slips in EM squeeze ahead of local rates decision

24/05 South Africa's rand weakened early on Thursday, pressured by an expected hawkish tone at the local central bank's policy meeting after a sharp increase in consumer prices.. . .  Full story

Afrimat final results February 2018

24/05 Revenue for the year increased by 10.3% to R2.5 billion (2017: R2.2 billion). Gross profit fell by 0.8% to R757.4 million (2017: R763.7 million), operating profit decreased by 13.8% to R350.4. . .  Full story

Tiger Brands interim results March 2018

24/05 Revenue for the interim period decreased to R15.685 billion (2017: R16.394 billion), gross profit lowered to R5.217 billion (2017: R5.327 billion), profit for the period attributable to owners of the parent. . .  Full story

Famous Brands final results March 2018

24/05 Revenue for the year went up 23% to R7.0 billion (R5.7 billion). Operating profit before non-operational items was 5% lower at R890.3 million (R938.0 million). Profit for the year attributable to. . .  Full story

Deneb final results March 2018

23/05 Revenue for the year from continuing operations jumped to R3.0 billion (R2.7 billion) whilst gross profit lowered to R685.7 million (R717.3 million). Operating profit before finance costs dropped to R108.9 million. . .  Full story