Most Read Today

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

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

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

MTN converts Nigerian unit to public company before planned listing

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

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

09h49 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 year before.. . .  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

South Africa's Gold Fields Q1 production up 10 pct

08h44 South Africa's Gold Fields Ltd said on Thursday its quarterly bullion production increased by 10 percent with a recovery in production at its South Deep mine after a six-week strike.. . .  Full story

Most Read Yesterday

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

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

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

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

CMH final results February 2019

23/04 Revenue for the year increased to R11.155 billion (2018: R10.573 billion), gross profit rose to R1.825 billion (2018: R1.766 billion), operating profit decreased to R411.2 million (2018: R438.4 million), profit attributable. . .  Full story

South African consumer confidence dips further in Q1 - survey

24/04 Consumer confidence in South Africa dipped further in the first quarter of 2019, suggesting that most consumers are neither optimistic nor pessimistic about the outlook for the country's economy, a survey. . .  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

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

Zimbabwe's Econet plots Botswana Mascom listing by October

23/04 Zimbabwean billionaire Strive Masiyiwa plans to list part of his Botswana telecoms operator Mascom by October this year, he said on Tuesday, in what he expects to be one of the biggest flotations on. . .  Full story

South African rand falls as U.S. data bolsters dollar

24/04 South Africa's rand slipped to a three-week low in early trade on Wednesday as robust U.S. economic data supported the dollar.. . .  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

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

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 African rand slumps to 3-month low as Turkey turmoil hits emerging markets

27/03 South Africa's rand tumbled to its weakest since early January on Wednesday, as sentiment toward emerging market currencies was soured by a slide in the Turkish lira.. . .  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

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

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

South Africa's Steinhoff raises $332 mln from KAP Industrial stake sale

27/03 Troubled South African retailer Steinhoff said on Wednesday it had raised 4.8 billion rand ($332 million) from the sale of its 26 percent stake in KAP Industrial to pay off debt and shore up its. . .  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

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 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

South Africa's Alex Forbes exits insurance in strategic overhaul

26/03 South African financial services group Alexander Forbes is looking for a buyer to acquire its insurance businesses, it said on Tuesday, part of a strategic shake-up aimed at refocusing the group. . .  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

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

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

South Africa's Sibanye-Stillwater will consider changing primary listing

27/03 South Africa's Sibanye-Stillwater will explore changing its primary listing in a bid to access more capital as it explores growth opportunities outside its home market, chief executive Neal Froneman said on. . .  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