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. . .
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.. . .
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. . .
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.. . .
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. . .
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.. . .
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.. . .
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.. . .
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.. . .
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.. . .
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. . .
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. . .
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.. . .
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.. . .
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.. . .
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.. . .
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.. . .
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. . .
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.. . .
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.. . .
13/08 South Africa's rand firmed
on Tuesday, helped by improved risk appetite on signs of easing
trade friction after the United States said it would delay
tariffs on some Chinese products and both sides agreed. . .
13/08 A drop in earnings at
Absa's South African corporate and investment bank took
the shine off progress at its core domestic retail business as
the lender reported a 5% rise in first-half profit on. . .
12/08 South Africa's rand
weakened on Monday, stretching losses to a new 11-month low as
political uncertainty and a bleak economic outlook was worsened
by uncertainty over the chances of a resolution to the trade
standoff. . .
12/08 Clough USA has been awarded
a petrochemical engineering, procurement and construction (EPC)
project in the United States worth $620 million, South African
parent firm Murray & Roberts said on Monday.. . .
08/08 South Africa's rand steadied
in late trade on Thursday, after slipping to a new 11-month low
in the session as concerns about the outlook for domestic growth
and fears over a sovereign credit rating. . .
08/08 South Africa published its draft
National Health Insurance (NHI) bill on Thursday, with one
senior official estimating universal healthcare for millions of
poorer citizens would cost about 256 billion rand ($16.89
billion) to implement by. . .
08/08 South Africa's Standard Bank
the bank could look at entering new markets in Africa, Chief
Executive Sim Tshabalala said on Thursday, as the bank's focus
on the continent continues to pay off.. . .
07/08 South Africa's rand fell to
touch an 11-month low on Wednesday, rocked by deepening concerns
about the outlook for domestic growth against a backdrop of
uncertainty for emerging markets more broadly.. . .
07/08 South Africa's Blue Label
Telecoms said on Wednesday Douglas Craigie Stevenson
had been appointed permanent CEO of mobile carrier Cell C,
citing its improved finances since he took the position on an
interim basis.. . .
06/08 South Africa's rand weakened
to two-month lows in late afternoon trade on Tuesday, giving up
gains earlier in the session, after ratings agency Moody's said
power utility Eskom urgently needs a turnaround plan as. . .
02/08 South African sugar producer
Tongaat Hulett will delist its shares from the London
Stock Exchange to cut costs and streamline its shareholding
structure amid low trading volumes in the London-listed stock,
the company said on. . .
02/08 South Africa's Gold Fields
Ltd expects interim earnings to have fallen by as much
as 15% despite an increase in metal output after the inclusion
of its joint venture with Asanko Gold, it said. . .
01/08 Clothing retailer Truworths International
Ltd on Thursday forecast lower annual core earnings and
took a 97 million pound ($117.81 million) impairment charge
related to its Office shoe chain in Britain.. . .
01/08 South African paper and pulp
maker Sappi said on Thursday its Canadian division was
buying Matane hardwood pulp mill in Canada to increase pulp
integration and cut costs after reporting a 84% decline in
profit. . .
01/08 South Africa's Woolworths
Holdings expects full year earnings to decline as it
again wrote down the value of its David Jones business due to
structural changes that have hurt the Australian retail sector.. . .
01/08 ArcelorMittal's South Africa
business has agreed to buy steelmaker Highveld
Structural Mill (HSM) for 300 million rand ($20.9 million), it
said on Thursday, as it seeks to expand its manufacturing
capabilities.. . .
31/07 South Africa's rand
steadied against the dollar in late trade on Wednesday, as
investors awaited a likely cut in interest rates by the U.S.
Federal Reserve, shifting the spotlight away from domestic
economic troubles.. . .
31/07 South Africa's AngloGold
Ashanti Ltd said on Wednesday its earnings likely rose
as much as 29% in the first half, boosted by income from a legal
settlement, gains from its Kibali joint venture and. . .
30/07 South Africa's rand
steadied on Tuesday as traders, eschewing big transactions
despite poor unemployment figures and a warning of another loss
from power utility Eskom, stayed on the sidelines ahead of a
U.S. monetary policy. . .
30/07 The chief executive of
Johannesburg stock exchange JSE Ltd, Nicky Newton-King,
will retire at the end of September after eight years at the
helm of Africa's biggest securities exchange, the bourse said on
Tuesday.. . .
30/07 Shares in Shoprite
Holdings surged 15% on Tuesday after Africa's largest
supermarket chain forecast an improved second half on solid
sales in its South African home market though it warned annual
earnings were set to. . .
30/07 Africa's biggest
supermarket chain Shoprite Holdings on Tuesday warned
that full-year earnings are set to fall as much as 20% as forex
shortages, local currency weakness and profitability outside its
home market weigh on profit.. . .
29/07 South Africa's rand
bounced back from a four-week low against the dollar on Monday,
but pessimism around Eskom remained as the struggling power
group failed to dispel investor worries with the appointment of
an interim. . .
26/07 A Johannesburg High Court
on Friday approved a 5 billion rand ($353 million) class action
settlement between gold mining companies and law firms
representing thousands of miners who contracted the fatal lung
diseases silicosis and. . .
25/07 Former Nedbank
chairman Reuel Khoza has been appointed to head South Africa's 2
trillion rand ($141 billion) Public Investment Corporation (PIC)
in an effort to restore the scandal-plagued pension fund's
Khoza replaces South Africa's former. . .
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