SA Company

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

South Africa's Standard Bank to cut around 1,200 jobs, close 91 branches

14/03 South African lender Standard Bank will cut around 1,200 jobs and close 91 branches as part of efforts to digitise its retail and business bank, it said on Thursday.. . .  Full story

African Markets - Factors to watch on March 14

14/03 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. - - - - - GLOBAL MARKETS Asian. . .  Full story

MTN to list Nigerian unit towards April and May - MTN Nigeria CEO

13/03 South African telecoms firm MTN Group Ltd expects its Nigerian subsidiary to list on the local stock exchange "probably more towards April and May", the unit's chief executive said on Wednesday.. . .  Full story

MTN to list Nigeria unit towards April and May - MTN Nigeria CEO

13/03 South African telecoms firm MTN Group Ltd expects its Nigeria unit to list on the local stock exchange "probably more towards April and May," the unit's chief executive said on Wednesday.. . .  Full story

African e-commerce firm Jumia pushes ahead with New York listing

13/03 Jumia, the African e-commerce company of German start-up investor Rocket Internet, has filed for a New York initial public offering, which could value the firm at $1.6 billion or more.. . .  Full story

Growthpoint Properties HY Diluted HEPS OF 81.38 Cents

13/03 Growthpoint Properties Ltd:. . .  Full story

South African Markets - Factors to watch on March 13

13/03 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 firms on renewed risk appetite

12/03 South Africa's rand firmed on Tuesday, supported by renewed risk appetite after potential progress on Brexit in Britain and as the dollar weakened after U.S. consumer price data.. . .  Full story

S.Africa's FirstRand CEO says likely to shrink branches

12/03 FirstRand will likely need to shrink its branch network over the next decade as South Africa's largest retail bank looks to digitise and adopt a platform model offering services beyond banking, CEO Alan Pullinger said. . .  Full story

S.Africa's Group Five in business rescue after lenders pull plug

12/03 South African builder Group Five filed for bankruptcy protection on Tuesday after lenders pulled funding, threatening the collapse of one of the biggest names in the local construction industry and more than 8,000 jobs.. . .  Full story

South African Markets - Factors to watch on March 12

12/03 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.. . .  Full story

Qatar Petroleum takes stake in Mozambique exploration block

11/03 Qatar Petroleum said on Monday it had struck a deal with Italy's ENI to acquire a 25.5 percent participating interest in block A5A in the Angoche basin, offshore Mozambique.. . .  Full story

South Africa's Tongaat shares fall to lowest since 1993

11/03 Shares in South Africa's Tongaat Hulett fell more than 14 percent on Monday after its chief executive said last week that a review of past accounting practices at the firm could affect previously reported financial. . .  Full story

Shares in South Africa's Tongaat fall to lowest level since 1993

11/03 Shares in South Africa's Tongaat Hulett fell more than 14 percent early on Monday, after its announcement last week that it had appointed PricewaterhouseCoopers (PwC) to review past accounting practices.. . .  Full story

Rand Merchant Investment Holdings HY HEPS Of 125.6 Cents

11/03 Rand Merchant Investment Holdings Ltd :. . .  Full story

Absa Bank FY HEPS 1751.7 Cents

11/03 Absa Bank Ltd:. . .  Full story

Rwanda aims to sell stake in cement firm Cimerwa this month

09/03 Rwanda's government aims to put its 49 percent stake in the country's biggest cement maker, Cimerwa, up for sale this month, the prime minister said on Saturday.. . .  Full story

South Africa's rand recovers after U.S. jobs data, stocks slide on Aspen

08/03 South Africa's rand firmed on Friday, recovering from a nine-week low after sluggish U.S. employment data pushed the dollar lower and saw demand for emerging markets return.. . .  Full story

Drugmaker Aspen's shares plunge more than 50 pct on debt worries

08/03 Shares in South Africa-based drugmaker Aspen Pharmacare plunged more than 50 percent on Friday in a sign that the market is worried about the company's debts.. . .  Full story

Aspen shares plunged by nearly 40 pct on debt worries

08/03 Shares of South Africa-based drugmaker Aspen Pharmacare plunged nearly 40 percent on Friday, as rising debt worried investors.. . .  Full story

South African Markets - Factors to watch on March 8

08/03 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.. . .  Full story

Aspen to split South African pharma business after disposal of non-core assets

07/03 Multinational drugmaker Aspen Pharmacare said it will split its South African Commercial Pharmaceuticals business into two divisions as it disposes of non-core assets to reduce its debt.. . .  Full story

Zimbabwe to allow foreign platinum miners control of local operations

07/03 Zimbabwe will scrap a law that denies foreign platinum mining companies control of their operations in the country, the mines minister said on Thursday.. . .  Full story

Aspen to split South African commercial pharmaceutical business

07/03 Multinational drugmaker Aspen Pharmacare said it will split its South African Commercial Pharmaceuticals business into two distinct divisions as part of a strategic review of its South African and European operations.. . .  Full story

South Africa's rand falls after ECB, Eskom tariffs news

07/03 South Africa's rand fell on Thursday, tracking the euro lower after the European Central Bank pushed back its forecast for an interest rate hike and offered banks more cheap loans, while at home state. . .  Full story

Phumelela Gaming And Leisure Sees HY HEPS 66.14 To 70.22 Cents

07/03 Phumelela Gaming and Leisure Ltd :. . .  Full story

Standard Bank FY HEPS Up 7 Pct To 1 748 Cents

07/03 Standard Bank Group Ltd:. . .  Full story

S.Africa's Sasfin, Hello Paisa launch bank for thousands without accounts

06/03 Banking group Sasfin and money transfer service Hello Paisa will launch a bank in South Africa this year, hoping to bring thousands of people into the financial system for the first time, the firms said. . .  Full story

Jse Cgr - Cautionary Announcement

06/03 ro M3 Holdings Ltd:. . .  Full story

South African Markets - Factors to watch on March 6

06/03 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday.. . .  Full story

Zimbabwe allows mines, others to import own fuel as shortages bite

05/03 Zimbabwe on Tuesday allowed mining companies and other businesses to import their own fuel following shortages that have gripped the economy in the last six months due to a severe dollar crunch, a cabinet. . .  Full story

South Africa's rand firms after GDP data, stocks weak

05/03 South Africa's rand firmed on Tuesday after data showing an economic recovery from a recession continued in the fourth quarter of last year, albeit at a slower rate.. . .  Full story

S.Africa's mines minister calls on police to quell violence at Sibanye mine

05/03 Growing unrest at Sibanye-Stillwater's South African gold operations has left nine people dead since workers downed tools in November, prompting the country's mines minister to call on the police to step in and protect the. . .  Full story

AngloGold Ashanti to sell Northern Colombia exploration project

05/03 South Africa's AngloGold Ashanti agreed to sell its interest in Northern Colombia Holdings Limited to Royal Road Minerals Limited to focus on its other Colombian exploration projects, it said on Tuesday.. . .  Full story

South Africa's Exxaro says expects rise in full-year earnings

05/03 South Africa's Exxaro Resources Ltd on Tuesday said it expected its full-year earnings due on March 14 to rise on higher coal prices and a lack of one-off transactions seen a year earlier.. . .  Full story

South African Markets - Factors to watch on March 5

05/03 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.. . .  Full story

Royal Bafokeng Platinum FY HEPS 25 Cents

05/03 Royal Bafokeng Platinum Ltd:. . .  Full story

South African rand edges higher, stocks flat

04/03 South Africa's rand ended firmer on Monday, boosted by growing hopes of a trade deal between the United state and China, but trading was cautious ahead of crucial local and offshore data that could. . .  Full story

South Africa's Bidvest appoints CEO in waiting

04/03 South Africa's Bidvest Group has appointed Mpumi Madisa as chief executive designate to ensure a smooth transition into the top job, the company said on Monday.. . .  Full story

Bidvest Names Mpumi Madisa as CEO Designate

04/03 Bidvest Group Ltd:. . .  Full story

South African Markets - Factors to watch on March 4

04/03 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday.. . .  Full story

South Africa's rand weakens as risk sentiment wavers

01/03 The South African rand extended losses against a stronger dollar on Friday, after breaching the 14.00 to the dollar mark in the previous session, as doubts over the fate of a U.S.-China trade deal. . .  Full story

South African retailer Edcon gets $191 mln recapitalisation

01/03 South Africa's Edcon has secured 2.7 billion rand ($191 million) in new cash and rent deductions as part of a plan to recapitalise the struggling department store chain.. . .  Full story

South Africa's MTN slides on profit guidance below forecasts

01/03 Shares in MTN Group fell as much as 5.4 percent on Friday, a day after the South African mobile phone group announced guidance for annual profit that was lower than forecasts.. . .  Full story

South African Markets - Factors to watch on March 1

01/03 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.. . .  Full story

South Africa's MTN expects up to 90 pct jump in 2018 profit

28/02 Africa's biggest mobile phone operator MTN Group expects to increase profits by as much as 90 percent in 2018, as the company continues to recover from a regulatory fine in Nigeria.. . .  Full story

South Africa's MTN flags up to 90 pct jump in 2018 profit

28/02 Africa's biggest mobile phone operator MTN Group flagged an as much as 90 percent jump in 2018 earnings on Thursday as the company continues to recover from a regulatory fine in Nigeria.. . .  Full story

South Africa's rand falls on subdued risk appetite

28/02 The South African rand fell on Thursday as fading hopes for a U.S-China trade deal and an unsatisfactory end to the U.S.-North Korea summit subdued demand for emerging market currencies.. . .  Full story

Massmart to focus Africa expansion plans on Kenya, Zambia

28/02 Massmart Holdings Ltd , one of South Africa's biggest retailers, plans to add 47 new stores between 2019 and 2021, with about a third of the new space outside its home market.. . .  Full story

S.Africa's Liberty puts some African units on chopping block

28/02 South Africa's Liberty Holdings is considering the potential sale of a number of businesses bought in previous years as part of a since abandoned, expansion-focused strategy.. . .  Full story

South Africa's slow growth hurts Imperial Logistics' outlook

28/02 South Africa's Imperial Logistics Ltd said on Thursday that it expects its full-year operating profit to be lower than last year due to rising costs and slow economic growth in its home market.. . .  Full story

S.African court orders miners' union to suspend planned industry-wide strike

28/02 South Africa's labour court has ordered a mineworkers' union to suspend its plans for an industry-wide strike from Feb. 28 to March 7 until it issues a ruling on whether to block the action,. . .  Full story

South African Markets - Factors to watch on Feb. 28

28/02 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 rand dips as risk demands dips, Tradehold lifts stocks

27/02 South Africa's rand weakened on Wednesday as risk demand in global markets was soured by an escalation in tensions between India and Pakistan, prompting investors to flee into safe haven assets.. . .  Full story

S.Africa's Liberty sells short-term insurance tech platform to Standard Bank

27/02 South African insurer Liberty Holdings has agreed to sell its technology platform, which supports its short-term insurance business, to Standard Bank Group Ltd for 145 million rand ($10.45 million).. . .  Full story