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South African dairy firm Clover says in takeover talks, shares soar

19/10 Shares in South Africa's Clover Industries raced to their highest in almost two months on Friday after the dairy company said it is in talks with an unnamed firm that intends to acquire all. . .  Full story

Investec asset management buys stake in South African school firm

18/10 Investec Asset Management, a subsidiary of Investec , has bought in a firm that runs private colleges in South Africa, it said on Thursday, tapping into a fast-paced expansion in education businesses.. . .  Full story

South Africa's rand firms; Clover shines in flat stock market

19/10 South Africa's rand firmed on Friday, tracking a broad rally in emerging markets, as investors awaited the new finance minister's medium-term budget speech and consumer price inflation numbers due next week.. . .  Full story

Euro, pound rally on Brexit concession; stocks dip

19/10 Stocks dipped on Friday, dragging a global index into a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report said Britain is ready to drop a key. . .  Full story

Telkom final results March 2018

28/05 Operating revenue rose to R41.018 billion (R40.970 billion) whilst EBITDA lowered to R10.5 billion (R10.9 billion). Operating profit decreased to R4.9 billion (R5.2 billion). Profit attributable to owners declined to R3.1. . .  Full story

Ukraine secures new $3.9 billion IMF deal after gas price hike

19/10 Ukraine secured a new $3.9 billion stand-by aid agreement with the International Monetary Fund on Friday, helping the country maintain financial stability and the trust of investors as it heads into a choppy election. . .  Full story

South Africa seen planting 7 percent more maize hectares next season

19/10 South African farmers are forecast to plant 7 percent more hectares of maize in 2018/2019 compared with the current season in anticipation of improved weather, a Reuters poll of four analysts. . .  Full story

South African dairy firm Clover says in takeover talks, shares jump

19/10 South Africa's Clover Industries said on Friday it has entered into talks with an unnamed party that intends to acquire the entire issued share capital of the dairy company, sending its shares up nearly 12. . .  Full story

U.S. oil prices surge as inventory draw adds to supply concerns

19/09 U.S. oil futures surged nearly 2 percent on Wednesday as they were bolstered by a fifth weekly crude inventory drawdown and strong domestic gasoline demand amid ongoing global supply concerns over U.S. sanctions. . .  Full story

Most Read Yesterday

South African dairy firm Clover says in takeover talks, shares soar

19/10 Shares in South Africa's Clover Industries raced to their highest in almost two months on Friday after the dairy company said it is in talks with an unnamed firm that intends to acquire all. . .  Full story

South Africa's rand firms; Clover shines in flat stock market

19/10 South Africa's rand firmed on Friday, tracking a broad rally in emerging markets, as investors awaited the new finance minister's medium-term budget speech and consumer price inflation numbers due next week.. . .  Full story

Investec asset management buys stake in South African school firm

18/10 Investec Asset Management, a subsidiary of Investec , has bought in a firm that runs private colleges in South Africa, it said on Thursday, tapping into a fast-paced expansion in education businesses.. . .  Full story

South Africa seen planting 7 percent more maize hectares next season

19/10 South African farmers are forecast to plant 7 percent more hectares of maize in 2018/2019 compared with the current season in anticipation of improved weather, a Reuters poll of four analysts. . .  Full story

Trencor - Textainer earnings release

19/10 Trencor draws attention to the following news release issued by Textainer Group Holdings Ltd., in which Trencor has a 48% interest: Textainer announced that it will report results for the third. . .  Full story

Oceana - updated trading statement

19/10 Shareholders are referred to the trading statement released on the Stock Exchange News Service (˘SENS÷) of the JSE on 12 September 2018 and are advised that basic earnings per share (˘EPS÷). . .  Full story

Euro, pound rally on Brexit concession; stocks dip

19/10 Stocks dipped on Friday, dragging a global index into a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report said Britain is ready to drop a key. . .  Full story

With risky bets back in play, stock selloff revives 'Volmageddon' memories

12/10 Months after he lost millions when an esoteric corner of financial markets cratered in February, former Target Corp store manager Seth Golden is betting against volatility again.. . .  Full story

Clover - cautionary announcement

19/10 Shareholders are advised that the Company has entered into negotiations with a 3rd party regarding the potential acquisition by the relevant 3rd party of the entire issued share capital of the. . .  Full story

S&P falls on interest rate, trade concerns; P&G lifts Dow

19/10 The U.S. benchmark S&P 500 stock index edged lower on Friday as strong earnings from Procter & Gamble Co were offset by ongoing concerns about rising interest rates and tensions over trade policy denting economic. . .  Full story

Most Read This Month

Old Mutual shareholders to get $3.5 bln from Nedbank spin-off

26/09 South Africa's Old Mutual Ltd said on Wednesday its shareholders would get about 50 billion rand ($3.52 billion) from the spin-off of a majority stake in Nedbank and dividends.. . .  Full story

Investec asset management buys stake in South African school firm

18/10 Investec Asset Management, a subsidiary of Investec , has bought in a firm that runs private colleges in South Africa, it said on Thursday, tapping into a fast-paced expansion in education businesses.. . .  Full story

Steinhoff's shares plunge after global rout, report on retailer's ex-CEO

11/10 Steinhoff's shares fell more than 9 percent on Thursday to a near two-month low after a global market rout and a report by Bloomberg saying the retailer's former CEO advised friends. . .  Full story

MTN receives counterclaim from Nigeria's central bank: MTN lawyer

05/10 MTN has received a counterclaim from Nigeria's central bank to its request for an order to stop the bank forcing it to repatriate $8.1 billion it claims was illegally sent out. . .  Full story

South African rand rallies as Moody's seen holding fire, stocks rebound

12/10 South Africa's rand continued to rally on Friday, lifted by a deep Wall Street selloff and near unanimous bets that Moody's will keep the country's credit rating at investment grade.. . .  Full story

South Africa's rand, banking stocks rally as Mboweni named finance minister

09/10 South Africa's rand climbed to a session best on Tuesday after President Cyril Ramaphosa appointed former central bank governor Tito Mboweni as finance minister, a moved that soothed markets after days of uncertainty.. . .  Full story

South Africa's Nedbank to buy back shares from minority shareholders

15/10 South Africa's Nedbank Group Ltd said on Monday it will buy back its stock from shareholders who hold less than 100 Nedbank shares as a result of a spin-off by its biggest shareholder Old. . .  Full story

South Africa's Ramaphosa orders inquiry at $142 billion state pension fund

17/10 South Africa's President Cyril Ramaphosa on Wednesday appointed a judicial inquiry into the 2 trillion rand ($142 billion) state pension fund, a government gazette said, following corruption allegations.. . .  Full story

South Africa's rand on the ropes, stocks weaker

04/10 South African assets weakened on Thursday as a rally in U.S. bond yields overshadowed President Cyril Ramaphosa's promise to create an additional quarter of a million jobs year.. . .  Full story

Hong Kong stocks extend falls on tech selloff; Lenovo plummets

05/10 Hong Kong stocks fell for a fourth straight session on Friday, dragged by a selloff in technology stocks on fears that these companies will be the latest casualties in the escalating U.S.-China trade war. **. . .  Full story

South Africa's Old Mutual to sell Nedbank shares

17/10 South Africa's Old Mutual Ltd said on Wednesday it would sell around 5.5 million shares in Nedbank Group Ltd to select institutional investors, following the spin-off of the unit.. . .  Full story

South Africa's rand slides over fin min crisis, stocks hit 6-month lows

08/10 South Africa's rand weakened more than one percent on Monday over a newspaper report that Finance Minister Nhlanhla Nene had asked President Cyril Ramaphosa to sack him rocked the currency.. . .  Full story

South Africa's mining employees, communities to get free stake under new charter

28/09 South Africa unveiled a new regulatory charter for its mining industry on Thursday, a crucial step to attracting further investment to a sector laid low by depressed prices, soaring costs and. . .  Full story

South Africa's Liberty begins consultations on possible job cuts

03/10 South African Insurer Liberty Holdings is considering job cuts as part of a wider restructuring of its business, the company said on Wednesday.. . .  Full story

Steinhoff's Mattress Firm files for Chapter 11 bankruptcy

05/10 Steinhoff's United States unit, Mattress Firm, has filed for voluntary Chapter 11 bankruptcy protection, its South African parent company said on Friday.. . .  Full story

South Africa's Old Mutual sells all 5.5 mln shares in Nedbank

18/10 South Africa's Old Mutual Ltd said on Thursday it sold all 5.5 million shares in Nedbank Group Ltd to select institutional investors, marking the final step in the spinning-off of the unit.. . .  Full story

Steinhoff says investors to suspend legal battle as firm recovers

17/10 Steinhoff said on Wednesday investors who are suing the crisis-hit firm had agreed to suspend litigation until next year, allowing the retailer time to focus on its recovery.. . .  Full story

Regulator says South Africa's Eskom can recover $2.25 bln over four years

02/10 South African energy regulator NERSA on Tuesday gave power utility Eskom the go-head to recover 32.69 billion rand ($2.25 billion) of costs incurred over the past three years through higher tariffs. . .  Full story

UPDATE 1-South African investors back Steinhoff class action lawsuit

28/09 South African investors including Allan Gray, Investec's asset management arm and Old Mutual are backing litigation against crisis-hit Steinhoff in the Netherlands, they said on Friday.. . .  Full story

South African dairy firm Clover says in takeover talks, shares soar

19/10 Shares in South Africa's Clover Industries raced to their highest in almost two months on Friday after the dairy company said it is in talks with an unnamed firm that intends to acquire all. . .  Full story

South Africa's rand weakens, stocks hit three-month low

10/10 South Africa's rand weakened on Wednesday, giving back gains it made following Tito Mboweni's appointment as fiance minister, with investors banking profits ahead of a ratings decision on Friday.. . .  Full story

South Africa's Group Five to cut more jobs as losses swell

02/10 South African construction firm Group Five will cut more jobs as it seeks to trim loss-making divisions, it said on Tuesday, highlighting an industry-wide slump in its home market that has left many companies fighting. . .  Full story

South Africa's Treasury says recession, falling revenue hurt public finances

16/10 Falling revenues and a recession mean South Africa will struggle to finance the public services that form the largest part of its budget, the National Treasury said on Tuesday.. . .  Full story

Zeder interim results August 2018

09/10 Revenue for the interim period lowered to R3.4 billion (R4.4 billion) whilst gross profit increased to R648 million (R577 million). Total income rose to R564 million (R187 million). Profit attributable to. . .  Full story

Botswana's bourse threatens to delist Choppies over results delay

16/10 Botswana's stock exchange said on Tuesday it could terminate Choppies Enterprises' listing over the failure by the budget retailer to publish financial results on time.. . .  Full story

South Africa gets $35 bln in investment pledges towards $100 bln goal

10/10 South Africa has investment commitments of $35 billion as part of plans by President Cyril Ramaphosa to attract $100 billion over the next five years to revive the country's flagging economy, his economic adviser. . .  Full story

Famous Brands sees $60 mln impairment as UK burger business struggles

15/10 South African fast-food chain owner Famous Brands, which owns Wimpy, Steers and Debonairs pizza said on Monday it will take a pre-tax impairment charge of 874 million rand ($60 million), sending. . .  Full story

South Africa's rand hit by euro wobble, stocks slip

02/10 South Africa's rand retreated again on Tuesday as turmoil in Italy sparked off a selloff on the euro that spread to emerging market currencies as investors avoided risk assets and fled to safe havens.. . .  Full story

New South African finance minister to keep policy direction intact - Moody's

16/10 Ratings agency Moody's said on Tuesday that it expected new South African Finance Minister Tito Mboweni to keep the government's broad policies intact in the medium-term budget speech due next week.. . .  Full story

South Africa should seek damages from KPMG over bank graft: central bank probe

10/10 South Africa should seek damages from global auditor KPMG for the role it played in a corruption scandal that saw at least 1.9 billion rand ($130 million) stolen from local bank. . .  Full story