Tiger Brands gets dividend windfall from Zim unit

2016-09-22 11:47

Tiger Brands will receive a 5.61 cents per share final dividend from its Zimbabwean unit National Foods, which has reported a 10% surge in pre-tax profits to $19m.

Investec forecasts decline in operating profit

2016-09-19 17:29

Operating results in the six months through September are expected to be "slightly behind" the prior year, says Investec.

Ascendis' strength lies in diversification - CEO

2016-09-16 17:36

The strength of the business of Ascendis Health lies in its diversification from a customer point of view - and from a product point of view, it makes the business resilient.

Ford sees results lower in 2012017 as it bolsters line up

2016-09-14 16:00

Ford Motor has said its financial results will decline next year before rising in 2018 as it boosts spending on new businesses like electric and driverless cars.

Richemont forecasts 45% decline in first-half operating profit

2016-09-14 09:06

Richemont, the maker of Cartier jewellery, said first-half operating profit will probably decline about 45% as it buys back unsold watches from retailers in Hong Kong and Europe.

Sasol’s cost-containment strategies yield results

2016-09-12 18:05

Sasol has managed to yield profits despite declining oil prices, and it owes its success to contingency plans implemented as far back as 2012.

FNB banks 11% more profits as clients up business

2016-09-09 06:50

FNB's full year results reflects an 11% rise in profits on the back of an increase in business among its existing clients.

Aspen heads for biggest decline in 17 years

2016-09-08 11:19

Aspen Pharmacare is headed for its biggest drop in almost 17 years as the sale of portfolios and a currency-related loss in Venezuela are set to weigh on earnings.

MMI's full-year profit slumps 25%

2016-09-07 20:09

MMI Holdings says fiscal full-year profit dropped 25% after underwriting slumped and investment returns declined.

Discovery model robust in tough economic times - CEO

2016-09-06 12:58

Discovery's Adrian Gore says existing businesses performed well and headline earnings per share were up 1% in the group's financial year to end-June.


Bidvest, Life Healthcare rise after JSE top40 index inclusion

2016-09-19 17:30

Bidvest Group and Life Healthcare Group Holdings have gained for the first time in three days after the companies were added to the stock exchange’s Top40 index.

Sasfin to upscale offering as profits rise

2016-09-19 14:47

Banking and financial services group Sasfin has reported 29% growth in headline earnings and plans to scale up its offering in the future.

Investec sees drop in first-half profit

2016-09-16 12:23

Investec says it expects a drop in first-half operating profit, reflecting rand depreciation and rising impairments in its SA business to expand its UK operations.

Ascendis posts 39% revenue rise

2016-09-14 15:16

Ascendis Health has increased revenue by 39% to R3.9bn in the year to end-June 2016, with normalised headline earnings rising by 37% to R336m.

Mall of Africa set to be 'catalyst for regional growth' for Attacq

2016-09-13 14:02

Real estate fund Attacq achieved 15.3% growth in adjusted net asset value per share in its full-year results, and sees a bright future for its Mall of Africa development.

Steep drop in Sasol profit on oil price tumble

2016-09-12 09:00

Sasol has not been not spared the tough economic environment, with operating profit falling 48% and a 55% drop in shareholder earnings.

FirstRand drops as profit miss estimates

2016-09-08 13:18

FirstRand, Africa’s biggest bank by market value, posted an increase in fiscal full-year profit, with net income rising to R22.6bn in the 12 months through June.

Sanlam net operating profit jumps 11% to R4bn

2016-09-08 11:01

Sanlam has reported an 11% rise in net operating profit to R4bn for the six months to end-June 30 2016, while normalised headline earnings per share were down 7%.

Australian business lifts profit at SA's WBHO

2016-09-06 13:00

WBHO, SA's biggest construction firm by market capitalisation, has reported a rise in profit as a strong performance in Australia offset slow growth at home.

De Beers boosts diamond sales as buyers stock up for holidays

2016-09-06 11:42

De Beers, the world’s biggest diamond producer, boosted sales of the gems in its latest offering as customers began stocking up for the holiday season later this year.

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