SA Company

Unilever South Africa to pull all TRESemmé products for 10 days over 'racist' ad

10/09 Unilever has agreed to pull all its TRESemmé haircare products from South African retail stores for 10 days as a show of remorse for a "racist" ad, the consumer group said in a joint. . .  Full story

South African franchise restaurant chain Spur to further defer interim dividend payment

03/09 South African franchise restaurant chain Spur Corporation said on Thursday it will further defer payment of its 2020 interim dividend in order to preserve cash during the COVID-19 pandemic.. . .  Full story

South African drugmaker Aspen expects 7-11% full-year earnings growth

27/08 South Africa's Aspen Pharmacare Holdings Ltd expects growth in its headline earnings per share (HEPS) from continuing operations of between 7-11% for the full year that ended June 30, the company said in a statement. . .  Full story

UK retailer New Look puts latest restructuring proposal to landlords

26/08 Struggling British fashion retailer New Look launched the latest stage of its restructuring process on Wednesday, seeking turnover-based leases from landlords at 402 UK stores to help to lower its costs and ensure its survival.. . .  Full story

S.Africa's Lewis reports FY profit drop but still declares dividend

25/08 South African furniture and appliance retailer Lewis Group Ltd reported a 30.8% drop in annual earnings on Tuesday, as the COVID-19 pandemic hit its last month of trading and it increased provision for unpaid customer. . .  Full story

Sun International sells Sun Dreams to partner, ending dispute

21/08 Chile's Nueva Inversiones Pacifico Sur Limitada has agreed to buy a 64.94% stake in casino operator Sun Dreams for $160 million from South African partner Sun International to take full ownership of the business and. . .  Full story

Shoprite lifted by sales jump and potential Nigeria exit

03/08 Shoprite Holdings could become the latest South African retailer to retreat from other African markets after it said on Monday that it is considering reducing or selling all of its stake in its Nigerian subsidiary.. . .  Full story

Anglogold Ashanti CEO to step down on Sept. 1

30/07 Gold miner AngloGold Ashanti's chief executive Kelvin Dushnisky will step down on Sept. 1, the company said on Thursday, without giving a reason for the change in leadership.. . .  Full story

Sasol expects delay in last unit in U.S. project to come onstream

23/07 South Africa's Sasol said on Thursday a unit damaged by fire at its Lake Charles Chemical Project (LCCP) should reach meaningful output by October, a month later than previous guidance.. . .  Full story

African Markets - Factors to watch on July 6

06/07 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. - - - - - EVENTS: * Seychelles to. . .  Full story

South Africa's unemployment rate hit record high before virus

23/06 South Africa's unemployment rate hit a record high in the first quarter of this year as key sectors including agriculture shed jobs, data showed on Tuesday, highlighting weakness in the economy even before it was. . .  Full story

Sasol flags full-year earnings drop of at least 20%

22/05 South African petrochemicals giant Sasol, which has been hit by high debt levels and falling oil and chemical prices, on Friday said it expected full-year headline earnings to decrease by at least 20%. . .  Full story

South African Markets - Factors to watch on May 19

19/05 following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.. . .  Full story

Anglo American Platinum repairs unit at processing plant after blast

05/05 Anglo American Platinum (Amplats) said on Tuesday it had completed repairs to the Phase B unit at its Anglo Converter Plant and would lift the force majeure to suppliers of concentrate, three months after. . .  Full story

South Africa's PPC names CFO, domestic April sales volumes seen 95% lower

30/04 South African cement producer PPC said on Thursday it had appointed Ronel van Dijk permanent chief financial officer and warned overall South Africa sales volumes for April will be around 95% lower compared to the. . .  Full story

South Africa's Amplats aims for $211 million cost cutting and capex savings this year

23/04 South Africa's Anglo American Platinum (Amplats) said on Thursday it aims to save around 4 billion rand ($211 million) through cost cutting and capex savings this year to offset production losses during a nationwide lockdown. . .  Full story

Shares in South Africa's Nedbank fall over 9% as it withdraws 2020 guidance over COVID-19

15/04 Shares in South African lender Nedbank fell over 9% at market open on Wednesday, a day after the lender withdrew its financial guidance for 2020 and put some key targets under review due to the. . .  Full story

S.Africa's rand rallies with riskier assets on signs of slower coronavirus infection rates

07/04 South Africa's rand firmed by more than 3% on Tuesday, in line with a broad rally in emerging market currencies and other riskier assets on hopes that steps to contain the coronavirus pandemic were. . .  Full story

South Africa's Sasol warns possible coronavirus disruptions could hit full-year results

31/03 South African petrochemicals producer Sasol Ltd, the world's top producer of motor fuel from coal, said on Tuesday its full year results could be hit by potential disruptions to production, supply chains and construction as. . .  Full story

S.Africa's big banks say up to a fifth of borrowers may not qualify for relief during virus

30/03 South Africa's biggest retail banks say that around 15-20% of their lending books do not definitely qualify for coronavirus relief measures announced by the banks last week, though more could be done if the government. . .  Full story

South Africa's MTN drops data prices after competition probe

20/03 MTN said it had agreed to cut the cost of its data bundles on Friday after South Africa's competition watchdog warned in December that the telecoms operator and rival Vodacom faced prosecution if they did. . .  Full story

Anglo American Platinum nudges output guidance lower

19/03 Anglo American Platinum's full-year production of platinum group metals will be at the lower end of its previous outlook, it said on Thursday, sending its shares down 10%.. . .  Full story

GRAPHIC-After the rout, platinum and palladium face more turmoil before recovery

19/03 Platinum and palladium will remain turbulent in coming months after huge losses sparked by the spread of coronavirus, before starting a tentative recovery with support from palladium's supply gap and platinum's correlation with gold, analysts. . .  Full story

S.Africa's Sun International closes casinos and hotels in Latin America over COVID-19

17/03 South Africa's Sun International said on Tuesday that it will close all of its casinos in Chile, along with its hotels and food and beverage operations, in response to instructions received from Chilean gambling authorities.. . .  Full story

South Africa's Vodacom to slash mobile data prices after watchdog report

10/03 South African telecoms firm Vodacom Group has agreed to reduce the cost of its data offerings by as much as 40%, following a finding that the country's mobile data prices were the highest on. . .  Full story

South Africa's rand recovers as budget risk draws nearer

25/02 South Africa's rand traded firmer early on Tuesday, recovering alongside fellow emerging markets currencies flattened in the previous session as investors worried about the rapid spread of the coronavirus outside of China.. . .  Full story

South Africa's Tiger Brands CEO to retire, CFO to take helm

29/01 Tiger Brands CEO Lawrence Mac Dougall will retire on Jan. 31, having reached the company's mandatory retirement age of 63, South Africa's leading food producer said on Wednesday.. . .  Full story

Britain's Just Eat rejects raised offer from Prosus

10/12 Just Eat rejected a raised takeover offer from Dutch-based technology group Prosus on Tuesday because it significantly undervalued the company and said it continued to back a rival all-share offer from Takeaway.com.. . .  Full story

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 Africa’s 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