SA Company

Peregrine Holdings FY HEPS 210.8 Cents Per Share

07h14 Peregrine Holdings Ltd:. . .  Full story

African banks to fund construction of world’s biggest marine diamond mining vessel

19/06 Five African commercial banks have partnered in a $375 million financing deal to build a new diamond mining vessel for a subsidiary of Anglo American's diamond unit De Beers.. . .  Full story

Scandal-hit Steinhoff says will suffer more in 2019

19/06 Steinhoff International warned of the lingering damage from a massive accounting scandal after the South African retail group reported a 1.2 billion euro ($1.3 billion) annual loss, sending its volatile shares down 8 percent.. . .  Full story

SA Corporate Real Estate Fund Managers Reconstitutes Nomination Committee

19/06 SA Corporate Real Estate Fund Managers (Pty) Ltd:. . .  Full story

Rand rallies as Ramaphosa set to give more support for Eskom

18/06 South Africa's rand rallied in late trade on Tuesday after the government signalled it will give additional support to power firm Eskom and as emerging currencies were lifted by expectations the Federal Reserve could signal. . .  Full story

MultiChoice reports full-year loss

18/06 Africa's biggest pay-TV group MultiChoice on Tuesday reported a headline loss in the year to end-March after foreign exchange losses and a charge for a stake disposal.. . .  Full story

Congo court upholds suspension of Vodacom's 2G licence

17/06 A court in Democratic Republic of Congo upheld the government's suspension of Vodacom Group's 2G telecoms licence on Monday, the company and Congo's telecommunications ministry said.. . .  Full story

South Africa's rand firms as focus shifts to Fed meeting, stocks fall

14/06 South Africa's rand firmed on Friday as domestic political concerns eased, with the focus of investors shifting to inflation data and the U.S. central bank meeting next week.. . .  Full story

South African AMCU union seeks $1,145 monthly basic wage in pay talks

14/06 South Africa's Association of Mineworkers and Construction Union (AMCU) will seek a monthly basic wage of 17,000 rand ($1,145) for its members when platinum pay talks get underway this month, its president said on. . .  Full story

South Africa's Omnia flags full-year loss

14/06 South African chemicals and fertiliser maker Omnia Holdings said on Friday it expected to report a full-year loss as drought, a volatile currency, changes in the mining industry and difficult global trading conditions weighed on. . .  Full story

Rand edges down as Ramaphosa, inflation data in focus

13/06 South Africa's rand inched lower late on Thursday, as investors assessed local political developments ahead of local inflation numbers next week and a decision on U.S. interest rates.. . .  Full story

Ethiopian telecoms sector requires 'huge' investments -minister

12/06 Ethiopia could require as much as $2.2 billion to modernise its creaking, overburdened telecoms sector, a senior government official told Reuters on Wednesday.. . .  Full story

Politics weighs on South Africa's rand, stocks

12/06 South Africa's rand weakened against the dollar on Wednesday, extending earlier losses after mixed local data and the anti-graft ombudsman's calls for President Cyril Ramaphosa to respond to findings from an investigation into a bribe. . .  Full story

Vodacom challenges 2G network suspension in Congo court

12/06 Vodacom Group's local unit in the Democratic Republic of Congo has filed a lawsuit against the revocation of its 2G telecoms license, the country's telecommunications minister said on Wednesday.. . .  Full story

South Africa's rand lifted by EM demand, manufacturing surprise

11/06 South Africa's rand rallied more than 1% on Tuesday, stretching its rally back from a nine-month low as cooling trade war worries and much larger-than-expected growth in local manufacturing boosted the battered currency and equities.. . .  Full story

Africa's MultiChoice warns of swing to full-year loss

10/06 MultiChoice Group, Africa's biggest pay-TV company, expects to swing to a headline loss this year, hurt by foreign exchange losses and a charge on a stake disposal at its South African business.. . .  Full story

South African rand recovers but still vulnerable

10/06 South Africa's rand started the week firmer against the dollar, recovering some ground on Monday after steep losses last week although a number of economic data releases in the coming days could knock it. . .  Full story

South African sugar producer Tongaat suspends shares due to results delay

10/06 Shares in South African sugar producer Tongaat Hulett were suspended from trade on the Johannesburg and London stock exchanges on Monday at the company's request as it prepares to restate its financial results.. . .  Full story

S.African government sued over coal and industrial air pollution

10/06 South Africa's government has failed to tackle high air pollution levels in an area which is home to coal-fired power stations and refineries, a lawsuit filed by environmental and community groups says.. . .  Full story

Securities trading in South African sugar producer Tongaat suspended

10/06 Trading in South African sugar producer Tongaat Hulett's securities on the Johannesburg Stock Exchange and London Stock Exchange was suspended on Monday after a delay in the publishing of its financial statements and a review. . .  Full story

South African Markets - Factors to watch on June 7

07/06 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 rand tumbles as ANC squabbles over central bank

06/06 South Africa's rand weakened to its lowest in eight months on Thursday as the ruling African National Congress' assertion that the independence of the central bank had not changed did little to reassure rattled investors.. . .  Full story

South Africa's rand sinks to 1-week low amid row over central bank role

05/06 South Africa's rand continued to weaken against the dollar on Wednesday, sliding to a fresh one-week low, weighed down by a squabble between the ruling African National Congress (ANC) and government over the mandate of. . .  Full story

South Africa's rand slumps after GDP shocker, stocks up

04/06 South Africa's rand slumped on Tuesday after data showed the worst quarterly economic contraction in a decade at the start of 2019, while stocks gained.. . .  Full story

South African rand firms on weaker dollar, focus on GDP numbers, stocks up

03/06 South Africa's rand firmed on Monday, as a weakening dollar provided many emerging currencies with some breathing space, while stocks also gained.. . .  Full story

S.Africa's Shoprite halts deal that would cut chairman's voting influence

03/06 South African grocer Shoprite said on Monday it had terminated an agreement to buy back deferred shares held by its chairman Christo Wiese after failing to secure enough support from shareholders to back the move.. . .  Full story

ArcelorMittal's South Africa unit to face emissions charges

03/06 ArcelorMittal's South African unit said on Monday it had received a summons instituting criminal proceedings for three charges relating to transgressions of its atmospheric emissions licence at its Vanderbijlpark operations.. . .  Full story

South Africa's rand heads for monthly loss, stocks flat

31/05 South Africa's rand was set to end the month on a weaker footing after domestic political concerns and the global trade conflict hurt sentiment, while stocks traded flat.. . .  Full story

Zimbabwe says mines can pay for power in foreign currency to secure supply

31/05 Zimbabwe mining companies can pay for electricity in foreign currency to guarantee supplies, the energy minister said on Friday, a day after he indicated there could be deeper power cuts in the country because of. . .  Full story

Sugar producer Tongaat warns of potential hit to 2018 results

31/05 South African sugar producer Tongaat Hulett's said on Friday its 2018 results could face a potential hit of up to 4.5 billion rand ($306.38 million) following a review of its accounting practices.. . .  Full story

South African Markets - Factors to watch on May 31

31/05 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.. . .  Full story

Spanjaard FY HEPS 31,6 Cents

31/05 Spanjaard Ltd:. . .  Full story

South Africa's rand backtracks, stocks ride cabinet cheer higher

30/05 The South African rand weakened late on Thursday, giving back gains after President Cyril Ramaphosa's new cabinet retained familiar faces in key positions, including Tito Mboweni as finance minister.. . .  Full story

South Africa's Omnia Holdings to undertake $137 million rights offer

30/05 South Africa's chemicals and fertiliser maker Omnia Holdings said on Thursday it would undertake a rights offer of 2 billion rand ($137 million) to cut debt, sending its shares down more than 13 percent.. . .  Full story

South Africa's Omnia Holdings to undertake 2 billion rand rights offer

30/05 South Africa's Omnia Holdings said on Thursday it would undertake a rights offer of 2 billion rand ($136.80 million) in a bid to cut debt.. . .  Full story

Standard Bank shareholders vote down climate-risk resolution

30/05 Standard Bank shareholders on Thursday voted down a resolution that would have required the South African lender to report climate risk in its activities, although they passed another forcing it to disclose its coal financing. . .  Full story

MTN Uganda's deported CEO allowed to return -official

30/05 The head of MTN Group's Ugandan business has been allowed to return to the country and is expected back later on Thursday, more than three months after he was deported, a company official told. . .  Full story

S.African airline Comair appoints joint CEOs as part of diversification drive

30/05 South African airline Comair Ltd said on Wednesday it has appointed its former finance chief Glenn Orsmond and Wrenelle Stander, an executive director, as joint chief executives to replace Erik Venter who resigned.. . .  Full story

S.Africa's Amplats settles strike at Mototolo mine

30/05 An illegal strike that led to the dismissal of over 600 employees at the Mototolo mine run by Anglo American Platinum (Amplats) has been resolved and the workers will be reinstated, the company said. . .  Full story

South African Markets - Factors to watch on May 30

30/05 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Thursday.. . .  Full story

Life Healthcare HY Diluted HEPS Of 26.8 Cents

30/05 Life Healthcare Group Holdings Ltd :. . .  Full story

South Africa's FirstRand cuts fees as 'war' with new rivals escalates

30/05 FirstRand is to become the latest South African lender to slash prices on its retail banking products, as the arrival of a host of new, cheaper rivals sparks a scramble for customers among South African. . .  Full story

S.African airline Comair appoints joint CEOs

29/05 South African airline Comair Ltd said on Wednesday it has appointed its former finance chief Glen Orsmond and Wrenelle Stander, an executive director, as joint chief executives to replace Erik Ventre who resigned.. . .  Full story

Algeria to take months to make final Total deal decision

29/05 Algeria could take months to decide if Total can buy Anadarko's assets in the North African country as officials focus on the political transition after April's ousting of President Abdelaziz Bouteflika, two Algerian energy industry. . .  Full story

S.Africa's rand slumps to two-month low as Mabuza sworn in to parliament

28/05 South Africa's rand tumbled to its weakest in three weeks on Tuesday as deputy president David Mabuza was sworn in as a lawmaker after being cleared by the ruling African National Congress of bringing. . .  Full story

MTN to open 'market place' in step towards Africa's biggest bank goal

28/05 South Africa's MTN on Tuesday revealed plans to build a "market place" app where customers will be able to buy everything from insurance to washing machines as it seeks to build its mobile money. . .  Full story

S.Africa's MTN to sell interest in Amadeus to HarbourVest for $83 million

28/05 South African telecoms company MTN said on Tuesday it would sell its interest in investment fund Amadeus to private equity firm HarbourVest for around 1.2 billion rand ($83 million).. . .  Full story

South Africa's rand drifts weaker on cabinet caution, stocks flat

27/05 South Africa's rand weakened slightly on Monday in subdued trading with no economic data and investors awaiting President Cyril Ramaphosa's announcement of a new cabinet that will implement his economic reform plans.. . .  Full story

South Africa's Telkom shares hit record after mobile boosts profit

27/05 South Africa's Telkom SA reported a forecast-beating full-year core profit on Monday as an upbeat performance in its mobile business offset declines in the traditional fixed-line unit, sending its shares to a record high.. . .  Full story

South African Markets - Factors to watch on May 27

27/05 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 carbon tax finally becomes law

26/05 South Africa's long-delayed carbon tax has been enshrined in law, the treasury said on Sunday, as one of the continent's worst polluters transitions to lower emissions in its efforts to meet agreements on global climate. . .  Full story

MTN Nigeria listing being investigated by Nigerian financial crimes agency

25/05 MTN Nigeria said on Saturday it is under investigation by the Nigerian financial crimes agency over its listing last week, although it "has not been accused of any wrongdoing" by the Economic and Financial Crimes. . .  Full story

South Africa's rand recovers as dollar eases, stocks firm

24/05 South Africa's rand firmed against a softer dollar on Friday, regaining some ground lost a day earlier when the central bank kept lending rates unchanged in a decision that divided policymakers.. . .  Full story

Tradehold FY HEPS 8 Pence

24/05 Tradehold Ltd:. . .  Full story

South African retailer TFG looks to technology to adapt to retail changes

23/05 South African retailer The Foschini Group (TFG) is investing $35 million in technology to adapt to the changing landscape of apparel retail, where online shopping has put a pressure on brick and mortar.. . .  Full story

South Africa's rand slides after central bank holds rates, stocks down

23/05 South Africa's rand slipped nearly 1 percent to a three-week low and stocks fell on Thursday after the central bank kept lending rates unchanged, cut its growth forecast and struck a dovish tone that. . .  Full story

South Africa's TFG reports annual sales up almost 20%

23/05 South African retailer The Foschini Group (TFG) reported a 19.6% rise in retail annual sales on Thursday as all three of its businesses performed well and online turnover jumped by 57.2%.. . .  Full story

South African Markets - Factors to watch on May 23

23/05 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Thursday.. . .  Full story

Afrimat FY HEPS Of 234,1 Cents

23/05 Afrimat Ltd:. . .  Full story

South Africa's rand steady ahead of Fed minutes, stocks down

22/05 South Africa's rand steadied in afternoon trade on Wednesday as markets positioned for the release of minutes from the Federal Reserve's latest meeting that might give more clues on the U.S. interest rate outlook.. . .  Full story

Tiger Brands revenue falls short after challenges at meat unit

22/05 South Africa's Tiger Brands underestimated the work involved in re-establishing its processed meats business after a listeria outbreak, it said on Wednesday, leaving it with disappointing sales and a battle to reclaim market share.. . .  Full story

South African drugmaker Aspen in talks with potential European partner

22/05 South African drugmaker Aspen Pharmacare said on Wednesday it is in talks with a potential partner in Europe after announcing in March a strategic review of its European and domestic commercial pharmaceuticals businesses.. . .  Full story

Upmarket furniture boosts S.African retailer Lewis Group's profit

22/05 South Africa's Lewis Group reported a 24.3% rise in full-year earnings on Wednesday as a luxury furniture firm the retailer acquired two years ago helped it attract wealthier customers.. . .  Full story

Sasol raises cost estimate for U.S. plant by around $1 bln

22/05 Sasol has raised the expected cost of its U.S. ethane cracker project by around $1 billion following a review by the project's new management, the South African petrochemicals firm said on Wednesday, sending its. . .  Full story

South African Markets - Factors to watch on May 22

22/05 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday.. . .  Full story

Lewis Group FY HEPS Of 376.2 Cents

22/05 Lewis Group Ltd:. . .  Full story

Latest low-fee, digital accounts shake up South African banking

21/05 South Africans were offered low-fee, digital accounts by two "traditional" banks this week in a sign of how competition from a new breed of cheaper, online-only rivals is driving change in the $30 billion. . .  Full story

South African rand steady in late trade, stocks slip

21/05 South Africa's rand steadied in late afternoon trade on Tuesday, recovering from losses earlier in the session as developing world currencies weakened on fears the protracted China-U.S trade conflict may have already begun to impact. . .  Full story

Coronation Fund Managers HY Diluted HEPS 165.1 Cents

21/05 Coronation Fund Managers Ltd:. . .  Full story

South Africa's Pioneer Foods H1 earnings down on maize shortfall

20/05 South Africa's Pioneer Food Group reported a decline in half-year earnings on Monday, driven down by maize shortages, sending its shares down more than 8 percent.. . .  Full story

South Africa's rand firmer as risk selloff pauses

20/05 South Africa's rand rose early on Monday after a sharp slide in the previous week as a sell-off in risk assets globally slowed, with investors positioning for an event-packed week.. . .  Full story

S.Africa's rand slips to 1-week low, financial stocks drag down bourse

17/05 The South African rand slipped to its weakest in one week on Friday as escalating trade tensions between China and the United States dragged down demand for emerging markets assets.. . .  Full story

Amplats considers sale of Twickenham and Bokoni mines - CEO

17/05 Anglo American Platinum is contemplating the sale of its Bokoni and Twickenham mines in South Africa, a move which would mostly complete the group's divestment strategy, its chief executive told Reuters.. . .  Full story

MTN Nigeria signs 200 bln naira loan after Lagos listing

17/05 MTN Nigeria said on Friday it has signed a 200 billion naira ($653 million) loan with seven local banks, a day after it floated its shares on the Lagos stock market.. . .  Full story

MTN Nigeria signs 200 bln naira loan after debut Lagos listing

17/05 MTN Nigeria said on Friday it has signed a 200 billion naira ($653 million) loan with seven local banks, a day after it floated on the Lagos bourse in a debut stock market listing.. . .  Full story

MTN Nigeria quoted up 10% in pre-market bids after debut $6.5 bln listing

17/05 MTN Nigeria shares rose another 10% to 108.90 naira in pre-market bids on Friday after its debut $6.5 billion stock market listing on the Lagos bourse.. . .  Full story

Nigerian Stock Exchange aims to complete public listing this year - CEO

16/05 The Nigerian Stock Exchange is aiming to complete its public listing this year, its chief executive told Reuters on Thursday.. . .  Full story