SA Company

Unions up ante at South African Airways as finances approach crunch

20/11 Unions are escalating a crippling strike at South African Airways (SAA) after talks broke down, leaving the state-run carrier at risk of liquidation without a government guarantee to secure bank funding, a board member said.. . .  Full story

Losses more than double at South African construction group Aveng

29/08 South African construction group Aveng on Thursday said its net operating loss more than doubled in the latest financial year, highlighting the challenges the company faces as it embarks on a turnaround strategy.. . .  Full story

South African drugstore Dis-Chem benefits from medicine price hike

28/08 South African drugstore chain Dis-Chem Pharmacies Ltd said on Wednesday that its revenues rose 13.5% in the five months through July, thanks to an increase in medicine prices and a jump in wholesale revenues.. . .  Full story

Bidcorp says UK logistics unit sale nearing completion

28/08 South African food services firm Bid Corporation Ltd (Bidcorp) said on Wednesday the sale of its UK logistics business was back on track and nearing completion, which would allow the group to focus on. . .  Full story

South African drugmaker Adcock profit jumps, offloads Ghana investment

28/08 South African pharmaceutical firm Adcock Ingram Holdings Ltd said on Wednesday full-year earnings rose 10.6% and that it disposed of its investment in Ghana.. . .  Full story

Anglo American Platinum completes buyout of prospecting rights from Atlatsa

27/08 Anglo American Platinum (Amplats) said on Tuesday its subsidiary Rustenburg Platinum Mines (RPM) had completed the acquisition of the Kwanda North and Central Block prospecting rights for 300 million rand from Atlatsa Resources Corp... . .  Full story

South Africa's rand weaker in cautious trade, stocks up

27/08 South Africa's rand weakened on Tuesday, with traders sceptical about comments by President Donald Trump expressing hope for a possible U.S.-Chinese trade deal just days after the two countries raised tariffs against each other.. . .  Full story

Imperial to exit S.Africa consumer business by Sept, mulls Europe shipping unit disposal

27/08 Imperial Logistics Ltd expects to wind up its loss-making consumer packaged-goods (CPG) business in South Africa by the end of September and is also considering disposing of its shipping unit in Europe as it overhauls. . .  Full story

South Africa's rand weaker in cautious trade

27/08 South Africa's rand weakened early on Tuesday, giving up small overnight gains as concerns about the U.S.-China trade war and the knock-on effect on global growth weighed on risk sentiment.. . .  Full story

African Markets - Factors to watch on August 27

27/08 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. - - - - - EVENTS. . .  Full story

Africa's biggest bank targets its smallest shops in fintech deal

27/08 South Africa's Standard Bank has taken a stake in local fintech firm Nomanini to offer credit to potentially millions of small shop owners and other informal retailers across Africa that have limited access to banking. . .  Full story

South African rand firms on easing trade tensions, equities down

26/08 South Africa's rand firmed in afternoon trade on Monday as the United States and China sought to ease trade war tensions while investors also looked to a slew of domestic economic data later in. . .  Full story

S.Africa's Sasol lowers LCCP earnings, delays start-up dates for units

26/08 Sasol said on Monday it had reduced its 2020 core earnings target for its U.S. ethane cracker project and revised the dates for the start-up of some of the company's downstream units following technical issues.. . .  Full story

S.Africa's Sasol lowers LCCP earnings and revises unit start-up dates

26/08 Sasol said on Monday it had reduced its 2020 core earnings target for its U.S. ethane cracker project and revised the dates for the unit's start-up following technical issues.. . .  Full story

Super Group FY HEPS 373.8 Cents

26/08 Super Group Ltd:. . .  Full story

South Africa's rand firms on weaker dollar after Fed chair speech

23/08 South Africas rand firmed to a two-week high on Friday as the dollar slipped after U.S. Federal Reserve Chair Jerome Powell set the stage for further interest rate cuts.. . .  Full story

South Africa to roll out sweeping health reform in stages

23/08 A proposed move to universal health coverage in South Africa will be rolled out in stages as the budget improves, a senior presidential aide told Reuters, forecasting the landmark reform would cost $2.2 billion. . .  Full story

Grindrod HY HEPS Of 20.1 Cents

23/08 Grindrod Ltd:. . .  Full story

South African Markets - Factors to watch on Aug. 23

23/08 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.. . .  Full story

S.African rand gains fade as investors left on edge over Fed

22/08 South Africa's rand was flat on Thursday, as a boost from lower-than-expected local inflation was overshadowed by worries that further U.S. Federal Reserve easing might take longer than expected.. . .  Full story

Budget retailer Mr Price shares tumble 11% after poor sales

22/08 Shares in South African budget clothing and furniture retailer Mr Price tumbled on Thursday after the firm reported a slowdown in sales in the first four months of its financial year, citing a slow. . .  Full story

South Africa's Exxaro buoyed by equity investments as core profit falls

22/08 South African miner Exxaro Resources on Thursday reported a 42% rise in half-year headline profit as income from equity investments offset lower core earnings.. . .  Full story

S.Africa's Omnia CEO resigns, finance director appointed as replacement

21/08 South African chemicals and fertiliser maker Omnia Holdings said on Wednesday its chief executive officer Adriaan de Lange has resigned and will be replaced by the current group finance director.. . .  Full story

S.African rand rallies after data shows slowing inflation, stocks up

21/08 South Africa's rand rallied more than 1% to its firmest in nearly a week on Wednesday on optimism the central bank has room to boost the flagging economy after consumer inflation fell more than. . .  Full story

South African Markets - Factors to watch on August 21

21/08 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 pauses recent slide, stocks down

20/08 South Africa's rand firmed on Tuesday, pulling back from an 11-month low as long dollar investors took profits and awaited further clues on the outlook for the global and local economy.. . .  Full story

S.Africa's KAP Industrial Holdings posts 25% fall in annual profit

20/08 South Africa's KAP Industrial Holdings on Tuesday reported a 25% fall in full-year profit citing the impact of an accounting change on a black economic empowerment transaction.. . .  Full story

Shoprite misses forecasts despite stronger home market

20/08 Shoprite Holdings missed full-year earnings forecasts on Tuesday, hit by inventory shortages in South Africa and currency devaluations in the rest of Africa, which overshadowed an improved second half in its home market.. . .  Full story

South Africa's rand pauses recent slide as investors await next trigger event

20/08 South Africa's rand firmed early on Tuesday, pulling back from an 11-month low as long dollar investors took some profits and awaited further clues on the outlook for the global and local economy.. . .  Full story

Annual earnings at South Africa's Shoprite miss estimates

20/08 South Africa's supermarket chain Shoprite Holdings reported lower-than-expected full-year earnings on Tuesday as inventory shortages at home and currency devaluations in the rest of Africa weighed on profit.. . .  Full story

S.Africa's Harmony Gold eyes potential in AngloGold Ashanti assets

20/08 South Africa's Harmony Gold is interested in many projects including AngloGold Ashanti's Mponeng operations, CEO Peter Steenkamp said on Tuesday.. . .  Full story

South African Markets - Factors to watch on Aug. 20

20/08 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.. . .  Full story

Russia's Norilsk and S.African coal town Kriel top SO2 emissions hot spots -NASA data

19/08 Russia's Norilsk smelter complex and a town in South Africa's eastern coal mining province have the highest sulphur dioxide (SO2) emissions in the world, according to satellite data from U.S. space agency NASA.. . .  Full story

South Africa's rand falls as investors weigh local, global risks

19/08 South Africa's rand weakened on Monday as traders and investors continued to weigh heightened global growth risks against local uncertainty, while equities rose in line with global stock markets.. . .  Full story

South Africa's rand firms, stocks flat

16/08 South Africa's rand firmed on Friday, adding to the previous session's gains as hopes of further stimulus in China helped developing world currencies hold their ground against the dollar.. . .  Full story

South Africa's Sasol delays results due to U.S. project glitch

16/08 Sasol Ltd delayed the release of its annual financial results on Friday due to possible "control weaknesses" at its U.S. ethane cracker project, sending shares in the chemicals and energy company down by more than. . .  Full story

Truworths: Hits 9-year low after FY profit tumbles

16/08 hares of South African fashion retailer Truworths are down 6.37% at 54.21 rand at 1118 GMT. . .  Full story

South Africa's rand firms as investors await next bout of weakness

16/08 South Africa's rand was firmer early on Friday, adding to the previous session's gains in a recovery driven mainly by investors covering their short positions in anticipation of sharper falls as local and global growth. . .  Full story

South African Markets - Factors to watch on August 16

16/08 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.. . .  Full story

Truworths looks to close loss-making stores of UK-based Office chain

15/08 South Africa's Truworths International Ltd is considering closing loss-making stores of its UK-based shoe chain Office, joining the growing ranks of retailers to be hit by Britain's gloomy trading environment.. . .  Full story

South African rand bounces back after steep sell-off

15/08 The South African rand gained more than 1 percent against the dollar on Thursday, pulling back from a steep sell-off as worries about the global economy eased slightly.. . .  Full story

South African retailer TFG to review Kenya, Ghana stores

15/08 South African fashion retailer TFG will decide next year whether to continue trading in Kenya and Ghana where it has at least six stores in each market, Chief Executive Officer Anthony Thunstrom said on Thursday.. . .  Full story

Truworths annual profit tumbles on Office writedown

15/08 Clothing retailer Truworths International Ltd on Thursday reported a 57.5% fall in full-year profit before tax due to the 97 million pound ($117.44 million) impairment charge related to its Office shoe chain in Britain.. . .  Full story

South Africa's Harmony Gold expects higher annual profit

15/08 South African bullion producer Harmony Gold full-year profits are expected to rise by as much as 32% boosted by increased production and profit from its from Moab Khotsong and Hidden Valley operations and lower impairments.. . .  Full story

Implats expects annual profit helped by metals prices

15/08 South Africa's Impala Platinum (Implats) said on Thursday it expects to swing into profit this year boosted by higher sales, rhodium and palladium prices and improved performance at its Rustenburg operations.. . .  Full story

South African rand and shares bounce from sharp losses

15/08 The South African rand firmed early on Thursday, pulling back from a slide to its lowest in nearly 11 months as investors digested signs of global economic recession and looked to buy the currency. . .  Full story

South Africa's Gold Fields swings to first-half profit

15/08 South African bullion producer Gold Fields swung to a profit in the first half through June as output increased after the inclusion of its joint venture with Asanko Gold.. . .  Full story

South African Markets - Factors to watch on August 15

15/08 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Thursday.. . .  Full story

South African stocks approach six months low as recession fears rise

14/08 South African stocks slipped to a near six-month low on Wednesday after the U.S. Treasury bond yield curve inverted for the first time since 2007, reflecting concerns over the outlook for the world's biggest economy.. . .  Full story

S.African education firm Curro to invest $14 mln in 4 new campuses

14/08 South African private education firm Curro Holdings will invest 223 million rand ($14.66 million) in opening four new campuses, it said on Wednesday, after reporting a 44% rise in half-year headline earnings.. . .  Full story

South Africa's Astral Foods CEO to take extended leave after surgery

14/08 South African poultry producer Astral Foods on Wednesday said its CEO will take extended leave to recuperate after cardiovascular surgery.. . .  Full story

Aspen: Plunges as $9.65 mln fine adds to debt concerns

14/08 hares of South African pharma group Aspen Pharmacare slide 6.28% to 69.83 rand. . .  Full story

South Africa's rand rises before release of retail sales data

14/08 South Africa's rand gained on Wednesday, helped by momentum from the previous session after the United States said it would delay some tariffs on China.. . .  Full story

South African Markets - Factors to watch on August 14

14/08 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 firms on easing trade tensions, stocks down

13/08 South Africa's rand firmed on Tuesday, helped by improved risk appetite on signs of easing trade friction after the United States said it would delay tariffs on some Chinese products and both sides agreed. . .  Full story

South Africa's AMCU union disappointed by Lonmin wage offer

13/08 South Africa's Association of Mineworkers and Construction Union (AMCU) is disappointed by a wage offer for workers at Lonmin, which was acquired by Sibanye-Stillwater this year.. . .  Full story

Absa's profit rise clouded by mixed results underneath

13/08 A drop in earnings at Absa's South African corporate and investment bank took the shine off progress at its core domestic retail business as the lender reported a 5% rise in first-half profit on. . .  Full story

South Africa's rand slips to new 11-month worst as local politics weigh

12/08 South Africa's rand weakened on Monday, stretching losses to a new 11-month low as political uncertainty and a bleak economic outlook was worsened by uncertainty over the chances of a resolution to the trade standoff. . .  Full story

S.Africa's Northam Platinum expects FY profits to rise by over 100%

12/08 South Africa's Northam Platinum said on Monday it expected its full-year profits to be over 100% higher than in 2018 after achieving record production and operating profit.. . .  Full story

Murray & Roberts says Clough USA unit awarded $620 mln EPC project

12/08 Clough USA has been awarded a petrochemical engineering, procurement and construction (EPC) project in the United States worth $620 million, South African parent firm Murray & Roberts said on Monday.. . .  Full story

South Africa's Omnia prices $130 mln rights issue

12/08 South African chemicals and fertiliser maker Omnia Holdings priced its 2 billion rand ($130 million) rights issue at 20 rand per share on Monday.. . .  Full story

South Africa's rand hits new 11-month low, stocks firm

08/08 South Africa's rand steadied in late trade on Thursday, after slipping to a new 11-month low in the session as concerns about the outlook for domestic growth and fears over a sovereign credit rating. . .  Full story

S Africa puts initial universal healthcare cost at $17 bln

08/08 South Africa published its draft National Health Insurance (NHI) bill on Thursday, with one senior official estimating universal healthcare for millions of poorer citizens would cost about 256 billion rand ($16.89 billion) to implement by. . .  Full story

African telecoms group MTN says divestment plan on track after first-half sales

08/08 MTN Group Ltd is on track to meet a divestment target set in March after raising $140 million from asset sales that will slim down Africa's largest mobile phone operator and refocus it on. . .  Full story

South Africa's Standard Bank eyes new African markets

08/08 South Africa's Standard Bank the bank could look at entering new markets in Africa, Chief Executive Sim Tshabalala said on Thursday, as the bank's focus on the continent continues to pay off.. . .  Full story

South Africa's rand drops to 11-month low as growth outlook darkens

07/08 South Africa's rand fell to touch an 11-month low on Wednesday, rocked by deepening concerns about the outlook for domestic growth against a backdrop of uncertainty for emerging markets more broadly.. . .  Full story

Craigie Stevenson appointed permanent CEO of Cell C

07/08 South Africa's Blue Label Telecoms said on Wednesday Douglas Craigie Stevenson had been appointed permanent CEO of mobile carrier Cell C, citing its improved finances since he took the position on an interim basis.. . .  Full story

South African Markets - Factors to watch on August 7

07/08 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday.. . .  Full story

South African rand hits 2-month low after Moody's comments on Eskom

06/08 South Africa's rand weakened to two-month lows in late afternoon trade on Tuesday, giving up gains earlier in the session, after ratings agency Moody's said power utility Eskom urgently needs a turnaround plan as. . .  Full story

Uganda's Stanbic says pretax up 37% as credit demand grows

06/08 Uganda's largest bank Stanbic posted a 37.5% jump in profit before tax for the first half of the year, driven by a surge in credit growth on the back of a strong economy.. . .  Full story

South Africa's rand hits 7-week low as trade tensions heat up

05/08 South Africa's rand slipped to seven-week lows against the dollar on Monday, as prospects of a sharp escalation in the U.S.-China trade war turned investors risk-averse.. . .  Full story

South African Markets - Factors to watch on August 5

05/08 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday.. . .  Full story

South African stocks dragged to near 2-month low by trade war woes

02/08 South African stocks slipped to a near two-month low on Friday as risk aversion swept across financial markets on resurgent U.S.-China trade tensions, while the rand also weakened.. . .  Full story

MTN Nigeria asks tribunal to rule on tax treatment of $1 bln fine

02/08 MTN Nigeria has asked a Nigerian tax tribunal to rule on whether the company should pay corporate tax on a 330 billion naira ($1.1 billion) fine, a spokesman for the telecoms company said.. . .  Full story

MTN asks Nigerian tribunal to rule on tax treatment of $1 bln fine

02/08 MTN Nigeria has asked a tax tribunal to decide whether it should pay corporate tax to the Nigerian government on a 330 billion naira ($1.1 billion) fine or be allowed to treat it as. . .  Full story

South African sugar producer Tongaat to delist from LSE

02/08 South African sugar producer Tongaat Hulett will delist its shares from the London Stock Exchange to cut costs and streamline its shareholding structure amid low trading volumes in the London-listed stock, the company said on. . .  Full story

South Africa's Gold Fields flags lower H1 earnings

02/08 South Africa's Gold Fields Ltd expects interim earnings to have fallen by as much as 15% despite an increase in metal output after the inclusion of its joint venture with Asanko Gold, it said. . .  Full story

Fashion retailer Truworths forecasts lower annual core earnings

01/08 Clothing retailer Truworths International Ltd on Thursday forecast lower annual core earnings and took a 97 million pound ($117.81 million) impairment charge related to its Office shoe chain in Britain.. . .  Full story

S.Africa's rand slides as lengthy Fed easing ruled out, stocks rise

01/08 South Africa's rand weakened on Thursday along with other emerging market currencies, a day after the U.S. central bank cut lending rates but ruled out a long rate-cutting campaign.. . .  Full story