SA Company

South Africa's rand slips on stronger dollar, stocks up

17h52 South Africa's rand fell more than 1 percent on Tuesday as a firmer U.S. dollar weighed on developing world currencies, while stocks closed higher.. . .  Full story

South Africa's Omnia in debt restructuring talks, shares jump

17h11 South Africa's Omnia Holdings said on Tuesday that its creditors had agreed to restructuring talks and there was no need for it to make any unscheduled repayment, sending shares in the chemicals and fertiliser maker. . .  Full story

Zimbabwe's Econet plots Botswana Mascom listing by October

15h22 Zimbabwean billionaire Strive Masiyiwa plans to list part of his Botswana telecoms operator Mascom by October this year, he said on Tuesday, in what he expects to be one of the biggest flotations on. . .  Full story

Combined Motor Holdings FY HEPS Of 305,2 Cents

09h05 Combined Motor Holdings Ltd:. . .  Full story

Indequity Group HY HEPS 40.94 Cents

08h35 Indequity Group Ltd:. . .  Full story

Congo Republic ships first iron ore from upgraded port

19/04 Congo Republic shipped its first iron ore exports on Friday from a rehabilitated deep-water port that will be used by Congolese billionaire Paul Obambi's Sapro SA and Swiss commodities giant Glencore.. . .  Full story

South Africa's rand weaker as risk demand fades before Easter, stocks up

18/04 South Africa's currency weakened on Thursday, losing ground against a stronger dollar as investors closed positions and took profits before the Easter holiday - while stocks took heart from rising gold prices.. . .  Full story

South Africa's Shoprite cuts chairman Wiese's voting influence

18/04 South African grocer Shoprite is to buy back deferred shares held by its chairman Christo Wiese to simplify its voting structure but substantially curbing Wiese's influence in the company he helped turn into an African. . .  Full story

Angola annuls winning tender for 4th telecoms operating license - presidency

18/04 Angola's President João Lourenço annulled on Thursday the winning tender for the country’s fourth telecoms operating license and ordered it be re-run to ensure "a clean and transparent process," his office said.. . .  Full story

South Africa's PIC denies considering ex-Absa executive as next CEO

18/04 South Africa's state pension fund denied considering a former banking executive as its next chief executive as it seeks to fill a position which has become increasingly sensitive given the successive departures of its CEO. . .  Full story

Zimbabwe attracts two new investors to develop platinum mining projects

17/04 Zimbabwe will in coming weeks name two new investors who will develop separate platinum mining projects west of the capital as the country ramps up mining output in an attempt to ease a severe. . .  Full story

South Africa's Tiger Brands to fight listeria class action

17/04 South Africa's leading food producer Tiger Brands said on Wednesday it will fight a class action lawsuit over its role in the world's largest ever listeria outbreak.. . .  Full story

Health and beauty sales lift earnings at S.Africa's Clicks

17/04 South African pharmacy and healthcare retailer Clicks Group reported a 13.2 percent increase in half-year earnings on Wednesday, driven by strong sales of beauty and health products.. . .  Full story

South Africa's rand lifted by faster Chinese growth

17/04 South Africa's rand firmed on Wednesday ahead of consumer inflation and retail sales data, lifted by rising global risk demand after China's economy grew faster than expected.. . .  Full story

Strong health and beauty sales lift S.Africa's Clicks HY earnings

17/04 South African pharmacy and healthcare retailer Clicks Group reported a 13.2 percent increase in half-year earnings on Wednesday, driven by strong sales of beauty and health products.. . .  Full story

South African Markets - Factors to watch on April 17

17/04 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday.. . .  Full story

South Africa's rand weaker after Moody's report

16/04 South Africa's rand slipped on Tuesday, as Moody's warned of risks to the country's last investment grade credit rating including rising government debt and slow economic growth.. . .  Full story

S.Africa's Northam Platinum raises $118 million with medium term note placement

16/04 South Africa's Northam Platinum said on Tuesday it had placed a 1.65 billion rand ($118 million) domestic medium term note and would use initial proceeds to repay other notes in issue.. . .  Full story

South African rand weakens amid global negotiations, stocks down

15/04 South Africa's rand and stocks were slightly weaker at the start of a shortened week on Monday tracking a downbeat tone in major overseas markets while some investors stayed on the sidelines ahead of. . .  Full story

South Africa's rand firms on falling dollar, stocks up

12/04 South Africa's rand was set to end the week on a firmer footing on Friday as the U.S. dollar weakened, while signs of economic stabilisation in China boosted demand for riskier assets.. . .  Full story

S. Africa's Group Five to shed assets under business review

12/04 South African builder Group Five said on Friday it would dispose of some assets and delay its interim results after filing for bankruptcy protection last month.. . .  Full story

South Africa's Oceana Group sees HY profit up 30 pct

12/04 South African fishing firm Oceana Group expects its half-year profit before tax to increase by between 26 and 30 percent, buoyed by higher canned fish sales volumes and stronger fishmeal and fish oil prices, it. . .  Full story

S. Africa's Group Five to shed assets, interim results delayed

12/04 South African builder Group Five said on Friday it would be disposing of a number of assets as it enters business rescue, similar to chapter 11 bankruptcy protection proceedings in the United States.. . .  Full story

S.Africa's Brimstone quits Clover buyout after anti-Israel pressure

12/04 South Africa's Brimstone Investment Corporation said it was pulling out of a proposed 4.8 billion rand ($345 million) buyout of dairy firm Clover Industries, amid opposition from an anti-Israel group.. . .  Full story

South Africa's rand falls on firm dollar, weak data

11/04 South Africa's rand weakened on Thursday as the U.S. dollar firmed and weak domestic mining and manufacturing data pointed to soft economic growth at the start of the year.. . .  Full story

Vodacom Tanzania, authorities settle charges against CEO, employees

11/04 Vodacom Tanzania has agreed terms for the release of its chief executive and four other employees following their arrests last week, it said on Thursday, including a 5.28 billion shilling ($2.29 million) payment to the. . .  Full story

South Africa’s rand crosses 14.00 threshold, stocks gain

10/04 South Africa’s rand firmed below the 14.00 threshold on Wednesday for the first time in six weeks as a softer dollar boosted investor appetite for emerging markets.. . .  Full story

Zimbabwe mulls 'use it or lose it' approach to mining rights

10/04 Zimbabwe may withdraw mining rights from companies that take too long to dig for minerals, the deputy mines minister said on Wednesday, part of efforts to lift output in a sector vital to the. . .  Full story

South Africa's rand hits near 6-week best as dollar falls, stocks down

09/04 South Africa's rand firmed on Tuesday, supported by a retreating dollar, which was shackled by a combination of weak U.S. economic data and gains in commodity-linked currencies.. . .  Full story

Carrefour Kenya targets number 2 retail ranking this year, franchisee says

09/04 Carrefour aims to become Kenya's number two retailer this year, adding floorspace and using ultra-competitive pricing to boost sales and increase market share, its franchisee holder in the country said.. . .  Full story

South Africa's carbon tax could cost Amplats $21 mln a year from 2021 -CEO

09/04 South Africa's new carbon tax could cost Anglo American Platinum up to $21 million a year from 2021 its chief executive said on Tuesday, piling pressure on an industry already grappling with higher energy and. . .  Full story

South Africa's carbon tax could cost Amplats up to $21 million - CEO

09/04 The chief executive of Anglo American Platinum (Amplats) said on Tuesday South Africa's new carbon tax could cost the company between 200 million rand and 300 million rand ($21.34 million) in the next three. . .  Full story

Shoprite Renews Cautionary Announcement

09/04 Shoprite Holdings Ltd:. . .  Full story

South African rand weakens slightly, resources lift stocks

08/04 South Africa's rand weakened slightly on Monday, struggling to regain the momentum that lifted it to a five-week best as traders opted for caution with key local economic indicators due later in the week. . .  Full story

South African rand gains on slow U.S. wage growth, stocks up

05/04 South Africa's rand firmed on Friday, ending the first week of the new quarter more than two percent firmer as slow wage growth in the United States helped maintain demand for emerging currencies.. . .  Full story

Woolworths partners Beyonce's makeup artist in limited edition line

05/04 Woolworths Holdings has launched a limited edition makeup line in collaboration with Beyonce's makeup artist Sir John on Thursday, seeking to strengthen its private label brand in its first international collaboration.. . .  Full story

South African rand firmer, stocks dragged down by profit-taking

04/04 South Africa's rand firmed on Thursday, eking out gains late in the session as hopes of a trade deal between the United States and China bolstered risk appetite globally.. . .  Full story

Vodacom unit alleged to have caused $4.76 mln loss to Tanzania

04/04 Vodacom Tanzania said on Thursday the government had accused it of causing an 11 billion shilling ($4.76 million) loss linked to allegations of fraudulent use of network facilities against its managing director and other executives.. . .  Full story

Vodacom Tanzania says firm accused of causing $4.76 mln loss to government

04/04 Vodacom Tanzania said on Thursday it was being accused of causing an 11 billion shilling ($4.76 million) loss to the government as part of charges levelled against its managing director and other employees over allegations. . .  Full story

South Africa rand, stocks gain as trade optimism boost risk appetite

03/04 South Africa's rand strengthened on Wednesday as hopes of a trade deal between the United States and China bolstered risk appetite globally, while stocks also strengthened in line with global market optimism.. . .  Full story

South Africa's Nampak sells Nigerian paper packing business

03/04 Africa's biggest packaging company Nampak has sold its Nigerian paper packaging unit, as part of plan to shrink its portfolio and boost returns, it said on Wednesday.. . .  Full story

Vodacom Tanzania says MD questioned by police over network use

03/04 Vodacom Tanzania 's managing director and several other employees were questioned by the police on Wednesday over the alleged fraudulent use of network facilities, the company said.. . .  Full story

South African rand reaches week high as Moody's delays decision

01/04 South Africa's rand gained on Monday after Moody's delayed its credit rating decision while Chinese stocks, boosted by positive manufacturing data, helped lift local shares.. . .  Full story

South Africa's rand, stocks edge higher ahead of Moody's review

29/03 South Africa's rand gained on Friday, supported by increased investor appetite for risk, even though traders were cautious before a review of the country's sovereign rating by Moody's later this evening.. . .  Full story

Phumelela Gaming And Leisure HY HEPS Down 17 Pct To 68,02 Cents

29/03 Phumelela Gaming and Leisure Ltd :. . .  Full story

South Africa's rand slides alongside EM currencies, stocks steady

28/03 South Africa's rand extended its fall on Thursday, tracking emerging market currencies as the Turkish lira dropped, and as traders remained cautious ahead of a Moody's sovereign rating decision on Friday.. . .  Full story

Steinhoff sells South African auto showrooms unit to France's CFAO

28/03 Steinhoff has sold a majority stake in its South African auto dealerships unit, it said on Thursday, days after selling its stake in a local industrial group to shore up its finances following a devastating. . .  Full story

South Africa's Capitec Bank cuts fees to compete with digital newcomers

28/03 Capitec Bank will take hit of at least $25 million from cutting transaction fees in 2019, its chief executive said on Thursday, as the South African lender fights to defend market share from digital newcomers.. . .  Full story

Capitech FY HEPS Up 19 Pct To 4 577 Cents

28/03 Capitec Bank Holdings Ltd:. . .  Full story

South Africa's Steinhoff raises $332 mln from KAP Industrial stake sale

27/03 Troubled South African retailer Steinhoff said on Wednesday it had raised 4.8 billion rand ($332 million) from the sale of its 26 percent stake in KAP Industrial to pay off debt and shore up its. . .  Full story

South African Markets - Factors to watch on March 27

27/03 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday.. . .  Full story

Workforce FY HEPS Up By 6,1 Pct To 45,4 Cents

27/03 Workforce Holdings Ltd:. . .  Full story

Steinhoff to place up to 694 mln shares in KAP Industrial

26/03 Troubled South African retailer Steinhoff said on Tuesday it would place up to 694 million shares in KAP Industrial via an accelerated bookbuilding to raise cash to repay debt and shore up its finances.. . .  Full story

South Africa's rand slips as dollar rebounds, stocks tick up

26/03 South Africa's rand slipped on Tuesday, surrendering the previous session's gains as the dollar rebounded from a sell-off triggered by fears the United States economy is heading for recession.. . .  Full story

Nigeria and MTN trade legal arguments over $2bn tax bill

26/03 Lawyers representing Nigeria's attorney general on Tuesday appeared in court to argue that telecoms company MTN Group did not have grounds to oppose a $2 billion tax bill, legal teams for both sides said.. . .  Full story

Steinhoff to place up to 6.94 mln shares in KAP Industrial

26/03 Troubled South African retailer Steinhoff said on Tuesday it would place up to 6.94 million shares in KAP Industrial via an accelerated bookbuilding in an effort to plug a liquidity gap.. . .  Full story

Eskom price hike to cost South Africa 90,000 mining jobs - Minerals Council

25/03 South Africa's gold and platinum mines will shed around 90,000 jobs in the next three years as above-inflation electricity price increases by power utility Eskom add to already soaring operating costs, an industry body said. . .  Full story

South Africa's rand firms on weaker dollar, stocks fall

25/03 South Africa's rand firmed on Monday, gaining alongside other emerging market currencies as concerns over a possible recession in the United States dented the dollar.. . .  Full story

Lonmin warns on cash woes, urges shareholders to back Sibanye takeover

25/03 Platinum miner Lonmin does not have sufficient liquidity to fund the new projects needed to avoid shaft closures and job losses, it said on Monday as it urged shareholders to back its proposed takeover. . .  Full story

Randgold & Exploration Company FY HEPS Of 5 Cents

25/03 Randgold & Exploration Company Ltd :. . .  Full story

South Africa's Naspers to list internet business on Euronext in second half 2019

25/03 South Africa's Naspers expects to float its e-commerce ventures on Euronext in Amsterdam in the second half of the year, its chief executive said on Monday.. . .  Full story

South Africa's rand falls on risk aversion, stocks steady

22/03 South Africa's rand fell on Friday, alongside other emerging-market currencies, after disappointing economic data from the euro zone added to concerns of a slowdown in global growth and drove investors away from riskier assets.. . .  Full story

Vedanta Resources appoints new CEO for Zambian unit KCM

22/03 Vedanta Resources has appointed Christopher Sheppard as the new chief executive officer for its Zambian unit Konkola Copper Mines Plc (KCM), the local firm said on Friday.. . .  Full story

Tencent to cut reliance on China gaming after profit hit

21/03 Tencent Holdings signalled it will reduce its reliance on gaming in China, where a regulatory review and one-off investment costs led to its sharpest-ever quarterly profit drop and slowest annual profit growth in 13 years.. . .  Full story

South African Markets - Factors to watch on March 20

20/03 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday.. . .  Full story

South Africa's rand steadies, investors eye Fed meeting

19/03 South Africa's rand steadied on Tuesday as the prospect of rolling blackouts and downbeat economic data offset expectations that a dovish tone at this week's U.S. Federal Reserve policy meeting could lift emerging market assets.. . .  Full story

Zimbabwe seeks to raise $350 million selling shares in state firms

19/03 Zimbabwe expects to raise $350 million from selling shares in five state-owned telecommunications companies and a bank, as part of economic reforms being pursued by the government, Finance Minister Mthuli Ncube said on Tuesday.. . .  Full story

Sasfin Holdings HY HEPS Of 250.12 Cents

19/03 Sasfin Holdings Ltd:. . .  Full story

South African Markets - Factors to watch on March 19

19/03 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.. . .  Full story

Hulamin FY HEPS Of 91 Cents

19/03 Hulamin Ltd:. . .  Full story

Tanzania sets up mineral trading centres to curb illegal gold exports 

18/03 Tanzania has ordered all mineral-producing regions in the East African nation to set up government-controlled trading centres by the end of June, accelerating efforts to curb illegal exports of gold and other precious minerals.. . .  Full story

Former Steinhoff chairman Wiese open to talks over $4 bln claim

18/03 Former Steinhoff chairman and top shareholder Christo Wiese said on Monday he is open to negotiations over a $4 billion claim against the South African retailer, days after it revealed the scale of a devastating. . .  Full story

Sun International FY Diluted Adj. HEPS 316 Cents

18/03 Sun International Ltd:. . .  Full story

S.Africa's Tsogo Sun CEO to retire, hotel business spin-off to go ahead

15/03 South African hotelier and casino operator Tsogo Sun said on Friday it is going ahead with the spinoff of its hotel business, as it announced its chief executive would retire in June.. . .  Full story

South Africa's Tsogo Sun to spin off hotel business

15/03 South African hotelier and casino operator Tsogo Sun said on Friday it will proceed with its plan to hive off and separately list its hotel business.. . .  Full story

Cyclone Idai lashes Mozambican port, hits communications

15/03 Parts of Mozambique were cut off on Friday as a tropical storm battered the coast and the major port city of Beira with heavy rain and winds of up to up 170 kph (105. . .  Full story

South African court blocks mine union AMCU plans for industry-wide strike

15/03 South Africa's labour court has rejected a request by platinum and gold sector union the Association of Mineworkers and Construction (AMCU) to hold an industry-wide strike, a spokesman for mining firm Anglogold Ashanti said on. . .  Full story

South African Markets - Factors to watch on March 15

15/03 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 falls after poor data; equities flat

14/03 The South African rand fell on Thursday, hurt by subdued appetite for emerging market assets and data showing that output in two key industrial sectors of mining and manufacturing remained weak, while the stock market. . .  Full story