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23/02 Spur Corporation founder and executive chairman Allen Ambor is to retire from the company and the board with effect from 1 March 2019 after 51 yearsÆ of service. Mr Ambor (76) founded Spur when he opened the first restaurant in Newlands, Cape Town, in 1967 and has served as executive chai  Full story
23/02 South African is expected to harvest 33 percent less maize in 2018 compared with a record crop in the previous season after a decrease in plantings and low rainfall in the western part of the maize belt, a Reuters poll of six traders and market analysts showed on Friday.  Full story
23/02 Last March, executives at General Electric Co's power-plant business gave Wall Street a surprisingly bullish forecast for the year. Despite flat demand for new natural gas power plants, they said, GE Power's revenue and profit would rise.  Full story
23/02 South African power producer Eskom said on Thursday the Optimum coal mine, which is owned by the Gupta family and supplies one of the utility's power stations, had started business rescue proceedings.  Full story
23/02 South Africa's budget reverses some of last year's fiscal deterioration but poor finances of state-owned companies remain a major risk to fiscal targets, ratings agency Fitch said on Friday.  Full story
22/02 Revenue for the interim period increased by 2.9% to R36.3 billion (2016: R35.3 billion), gross profit rose 3.4% to R14.4 billion (2016: R13.9 billion), operating profit fell 15.6% to R3.1 billion (2016: R3.7 billion), while loss attributable to shareholders of the parent came in at R4.9 bill  Full story
23/02 Global stock picker Kerr Neilson, dubbed "Australia's Warren Buffett," said he will step down as chief executive officer of listed fund manager Platinum Investment Management, sending its shares almost 12 percent lower.  Full story
23/02 More than 500 workers will embark on a strike on Monday at Koornfontein Mine, which is owned by the Gupta family, over concerns of nonpayment of salaries, South Africa's National Union of Mineworkers (NUM) said on Friday.  Full story
23/02 South Africa's rand was slightly weaker on Friday against the dollar, which recovered as U.S. Treasury yields levelled off.  Full story
07h33 China's new home prices grew in January although major cities saw early signs of softening, as the government continued its efforts to rein in speculative demand to fend off bubble risk.  Full story
23/02 South Africa's budget reverses some of last year's fiscal deterioration but poor finances of state-owned companies remain a major risk to fiscal targets, ratings agency Fitch said on Friday.  Full story
23/02 South African power producer Eskom said on Thursday the Optimum coal mine, which is owned by the Gupta family and supplies one of the utility's power stations, had started business rescue proceedings.  Full story
22/02 South African retailer Woolworths Holdings Ltd posted a 15 percent fall in half-year profit on Thursday hurt by a hefty write-down charge on the value of its David Jones business in Australia and tough trading conditions in its home market and Australia.  Full story
23/02 Revenue for the interim period increased by 9.3% to R13.444 billion (2016: R12.297 billion), operating profit climbed 14.6% to R1.832 billion (2016: R1.599 billion), profit for the period attributable to equity holders of the company rose 7.7% to R1.202 billion (2016: R1.116 billion), while  Full story
23/02 More than 500 workers will embark on a strike on Monday at Koornfontein Mine, which is owned by the Gupta family, over concerns of nonpayment of salaries, South Africa's National Union of Mineworkers (NUM) said on Friday.  Full story
22/02 Revenue for the interim period remained stable at R10.912 billion (2016: R10.920 billion), gross profit was recorded at R5.265 billion (2016: R5.278 billion), trading profit weakened by 4% to 1.703 billion (2016: R1.769 billion), while profit attributable to equity holders of the company low  Full story
23/02 South African is expected to harvest 33 percent less maize in 2018 compared with a record crop in the previous season after a decrease in plantings and low rainfall in the western part of the maize belt, a Reuters poll of six traders and market analysts showed on Friday.  Full story
23/02 South Africa's National Union of Mineworkers said on Friday that its members had not been paid on time at the Optimum coal mine, which is owned by the Gupta family, and would not return to work at the operation which has started business rescue proceedings.  Full story
15/02 Steinhoff International has appointed Richard Heis as Chief Restructuring Officer for the group, it said on Thursday, as the troubled South African retailer wrestles with the fallout from an accounting scandal.  Full story
11/02 South African tycoon Christo Wiese has cut his stake in retailer Steinhoff International, which has been embroiled in an accounting scandal, to 6.2 percent, regulatory filings show.  Full story
21/02 South Africa's new leadership announced on Wednesday it was taking the politically risky step of raising value-added tax for the first time in 25 years, part of efforts to cut the deficit and stabilise debt under new President Cyril Ramaphosa.  Full story
16/02 South Africa will benefit from a wave of positive market sentiment under new President Cyril Ramaphosa, Finance Minister Malusi Gigaba said on Friday, as speculation swirled about whether he would keep his job.  Full story
09/02 Steinhoff Africa Retail (STAR) reported a 15.5 percent increase in revenue for the quarter ended December on Friday, thanks mainly to a strong showing at discount clothing chains.  Full story
19/02 South Africa's finance ministry is set to spell out "tough decisions" in its 2018 budget on Wednesday to plug a revenue gap and narrow the deficit, providing an early look at how new President Cyril Ramaphosa plans to repair the ailing economy.  Full story
20/02 A Dutch court has ordered Steinhoff International to amend its 2016 accounts, handing victory to a former business partner in a dispute over the ownership of discount furniture store chain POCO, the crisis-hit retailer said on Tuesday.  Full story
15/02 South Africa's new leadership will need to be prudent and creative in managing the economy to avoid a credit rating downgrade, by raising taxes without suffocating a chance for growth, a Reuters poll found.  Full story
14/02 South Africa's President Jacob Zuma said on Wednesday an order by the African National Congress (ANC) that he step down as head of state was "unfair" as the party had not spelled out what he had down wrong.  Full story
14/02 South Africa's rand jumped more than 1 percent to its firmest since June 2015 and bonds hit a one-week best on Wednesday after the ruling African National Congress (ANC) said it would proceed with a vote to remove President Jacob Zuma from office.  Full story


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