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Most Read Today

South Africa's Sibanye-Stillwater lowers valuation for miner Lonmin

25/04 South Africa's Sibanye-Stillwater on Thursday revised its offer for Lonmin, with new terms that gave a valuation for the struggling platinum miner that was about 60 million pounds ($77 million) less. . .  Full story

PicknPay final results 53 weeks ended 3 March 2019

08h18 Revenue for the period increased to R90.5 billion (2018: R82.5 billion), gross profit rose to R16.7 billion (2018: R15.2 billion), trading profit climbed to R2.2 billion (2018: R1.8 billion), while profit. . .  Full story

HNA unit CWT Intl defaults on $179 mln loan, faces asset seizure

16/04 CWT International Ltd , a unit of indebted HNA Group Co Ltd, on Tuesday said it defaulted on a HK$1.4 billion ($179 million) loan, and that it has less than 24 hours to pay. . .  Full story

South Africa's Pick n Pay posts 18 pct jump in full-year earnings

10h00 South African retailer Pick n Pay Stores Ltd on Friday reported an 18 percent jump in full-year earnings, as price cuts helped it attract highly cost-conscious shoppers and cope with the difficult trading conditions. . .  Full story

Buffalo final results December 2018

25/04 Revenue for the year increased to R758.5 million (2017: R738.1 million), gross profit grew to R199.3 million (2017: R101.7 million) whilst loss and comprehensive loss for the year attributable to owners. . .  Full story

South Africa's rand dips as global growth fears, oil spike stokes risk-off

25/04 South Africa's rand retreated on Thursday, succumbing to a firming U.S. dollar, as rising oil prices globally dented demand for emerging market currencies.. . .  Full story

PSG final results February 2019

24/04 Revenue from sale of goods lowered to R13.0 billion (R14.0 billion) whilst gross profit from sale of goods also decreased to R1.6 billion (R2.0 billion). Profit attributable to owners remained unchanged. . .  Full story

Barloworld - opening of Khula Sizwe public offer

10/04 In the furtherance of its broad-based black economic empowerment objectives and as previously described in, inter alia, the following Barloworld announcements: Proposed Broad-Based Black Economic Empowerment Transaction dated 19 November 2018,. . .  Full story

SAS pilots strike, travel plans of 170,000 passengers at risk

15h58 SAS pilots in Norway, Sweden and Denmark went on strike on Friday as wage talks broke down, threatening the travel plans of some 170,000 passengers over the weekend.. . .  Full story

Output at South Africa's Amplats hit by Eskom power cuts

25/04 South African miner Anglo American Platinum Ltd's (Amplats) first quarter production fell 6 percent, hit by problems at power supplier Eskom, operational challenges and ore stockpiling in the same period the. . .  Full story

Most Read Yesterday

South Africa's Tongaat to restate prior results after accounting review

24/04 South African sugar producer Tongaat Hulett Ltd said on Wednesday it would restate prior financial information after a formal review revealed certain accounting practices that needed to be re-examined.. . .  Full story

Barloworld - opening of Khula Sizwe public offer

10/04 In the furtherance of its broad-based black economic empowerment objectives and as previously described in, inter alia, the following Barloworld announcements: Proposed Broad-Based Black Economic Empowerment Transaction dated 19 November 2018,. . .  Full story

PSG final results February 2019

24/04 Revenue from sale of goods lowered to R13.0 billion (R14.0 billion) whilst gross profit from sale of goods also decreased to R1.6 billion (R2.0 billion). Profit attributable to owners remained unchanged. . .  Full story

South Africa's Life Healthcare warns on earnings after disposal

24/04 South Africa's Life Healthcare said on Wednesday half-year earnings could fall as much as 55 percent due to costs related to the disposal of its stake in India's Max Healthcare, impairments and other investments.. . .  Full story

South Africa's Sibanye-Stillwater lowers valuation for miner Lonmin

25/04 South Africa's Sibanye-Stillwater on Thursday revised its offer for Lonmin, with new terms that gave a valuation for the struggling platinum miner that was about 60 million pounds ($77 million) less. . .  Full story

HNA unit CWT Intl defaults on $179 mln loan, faces asset seizure

16/04 CWT International Ltd , a unit of indebted HNA Group Co Ltd, on Tuesday said it defaulted on a HK$1.4 billion ($179 million) loan, and that it has less than 24 hours to pay. . .  Full story

Brent slips from $75/bbl as investors doubt rally will endure

25/04 Oil prices eased after Brent touched $75 per barrel on Thursday for the first time in nearly six months on the suspension of some Russian crude exports to Europe as investors second-guessed the market's. . .  Full story

Absa - appointment of director

24/04 In accordance with paragraph 3.59 (a) of the JSE Listings Requirements, shareholders are advised of the appointment of Mr Sipho Pityana as independent non-executive director to the Board of Absa Group. . .  Full story

Astoria quarterly results March 2019

24/04 Total revenue for the quarter turned around to USD6 million (2018: loss of USD1.7 million), operating profit came in at USD190 000 (2018: loss of USD2.2 million), profit for the period. . .  Full story

MTN converts Nigerian unit to public company before planned listing

24/04 MTN has converted its Nigerian unit into a public company from a private one before a planned listing on the Nigerian bourse in the first half of the year, the unit of the South. . .  Full story

Most Read This Month

Barloworld - opening of Khula Sizwe public offer

10/04 In the furtherance of its broad-based black economic empowerment objectives and as previously described in, inter alia, the following Barloworld announcements: Proposed Broad-Based Black Economic Empowerment Transaction dated 19 November 2018,. . .  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 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

South Africa's Tongaat to restate prior results after accounting review

24/04 South African sugar producer Tongaat Hulett Ltd said on Wednesday it would restate prior financial information after a formal review revealed certain accounting practices that needed to be re-examined.. . .  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 clears 3 more accounts of Steinhoff insider trading

11/04 South Africa's financial watchdog has cleared of wrongdoing three holders of accounts that traded Steinhoff shares ahead of a collapse in the retailer's share price.. . .  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

South Africa to get around $790 million in loans from BRICS bank

01/04 A development bank set up by the BRICS group of emerging economies has approved around $790 million of loans for three projects in South Africa, the bank's president said on Monday,. . .  Full story

AYO interim results February 2019

01/04 Revenue for the interim period increased to R674.5 million (2018: R348.7 million), gross profit jumped to R205.4 million (2018: R124.8 million), profit after taxation attributable to shareholders of AYO soared to. . .  Full story

HNA unit CWT Intl defaults on $179 mln loan, faces asset seizure

16/04 CWT International Ltd , a unit of indebted HNA Group Co Ltd, on Tuesday said it defaulted on a HK$1.4 billion ($179 million) loan, and that it has less than 24 hours to pay. . .  Full story

Auto giants battle used car dealers for Africa's huge market

12/04 At the edge of Nairobi's Ngong Forest, thousands of used cars glitter in the hot sun on a dusty field, waiting for buyers.. . .  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

South Africa considering more financial support for troubled Eskom

03/04 The highest levels of South Africa's government are giving "serious consideration" to a variety of additional financial support measures for Eskom, Public Enterprises Minister Pravin Gordhan said on Wednesday.. . .  Full story

Moody's says South Africa still rated investment grade

02/04 Moody's said on Tuesday that South Africa's sovereign credit rating was still investment grade, further boosting the rand several days after the ratings agency delayed a review of the country's creditworthiness.. . .  Full story

PSG final results February 2019

24/04 Revenue from sale of goods lowered to R13.0 billion (R14.0 billion) whilst gross profit from sale of goods also decreased to R1.6 billion (R2.0 billion). Profit attributable to owners remained unchanged. . .  Full story

EOH interim results January 2019

16/04 Revenue from continuing operations increased to R8.428 billion (2018: R8.354 billion), gross profit dropped to R1.667 billion (2018: R2.682 billion) and operating loss before interest and equity-accounted loss or profit was. . .  Full story

S.Africa names former Alexander Forbes CEO as head of tax collection agency

27/03 South Africa has appointed a former chief executive of Alexander Forbes as the new head of the tax collection agency, the National Treasury said on Wednesday.. . .  Full story

Tanzania charges Vodacom Tanzania MD with economic crimes -court documents

03/04 Tanzanian authorities on Wednesday charged the managing director of Vodacom Tanzania and other telecom executives with economic crimes, court documents seen by Reuters showed.. . .  Full story

South Africa's growing debt a concern: Moody's

16/04 Ratings agency Moody's warned South Africa again on Tuesday that growing government debt linked to bailouts of state firms would continue to pressure the country's investment grade status.. . .  Full story

Steinhoff accounts postponed again, hitting shares

05/04 South African retailer Steinhoff has again delayed release of its 2017 and 2018 financial statements, saying that complexities in the process were slowing the work of external auditor Deloitte, sending its. . .  Full story

Shoprite Renews Cautionary Announcement

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

South Africa tax revenues fell 15 bln rand short of 2018/19 target

01/04 South African collected an estimated 1.287 trillion rand ($91 billion) in tax in the 2018/19 fiscal year, about 15 billion rand short of the government's target, the revenue service SARS said. . .  Full story

South Africa's rand edges higher ahead of Moody's rating review

29/03 South Africa's rand edged firmer early on Friday, lifted by a spell of risk demand after economic growth in the United States slowed, but the currency remained poised for a drop. . .  Full story

Botswana shows off country's largest-ever blue diamond

17/04 Botswana's state-owned Okavango Diamond Company displayed a 20-carat gemstone on Wednesday that it said was the largest blue diamond ever discovered in the country, one of the world's top producers of. . .  Full story

Zeder final results February 2019

16/04 Revenue decreased to R7.6 billion (2018: R8.5 billion). Gross profit lowered marginally to R1.487 billion (2018: R1.489 billion). Total income increased to R787 million (2018: R433 million). Profit attributable to owners. . .  Full story

South Africa faces escalating unrest if ANC doesn't reform, opposition says

18/04 South Africa faces escalating unrest if the governing African National Congress (ANC) party retains power in next month's election and fails to introduce major reforms, the leader of the country's biggest. . .  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

South Africa's Denel aims to end Airbus A400M work within 18 months

17/04 South African state arms firm Denel aims to wind down production of parts for the Airbus A400M military aircraft over the next six to 18 months to achieve an annual cost saving of around. . .  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

No-deal Brexit fears rise as parliament sinks May's deal

29/03 Lawmakers rejected Prime Minister Theresa May's Brexit deal for a third time on Friday, sounding its probable death knell and leaving Britain's withdrawal from the European Union in turmoil on the very day it was. . .  Full story