Municipal debt continues to pull Eskom down

2015-11-24 11:14

Municipalities with a culture of non-payment owed Eskom R5.6bn in arrear debt as at September 30, the power utility has disclosed.

PPC plans to double size in 10 years

2015-11-18 11:00

PPC, which is grappling with tough competition and falling prices in SA, says growing demand in Africa will enable it to double the size of its business every decade.

Walmart tops earnings estimates, CEO pursues shift

2015-11-17 16:15

Walmart has topped profit estimates and increased the low end of its annual forecast, a sign the retailer is making progress reining in costs.

Tongaat Hulett to cut salaries as drought hits profit

2015-11-16 13:31

Sugar producer Tongaat Hulett is to cut jobs in the next few months as the drought-hit agro-processing firm battles declining profitability from its SA and regional operations.

SABMiller Zim partner's revenues drop as consumers sober up

2015-11-13 19:00

Zimbabwe's Delta Corporation, which is 38% owned by SABMiller, has reported a revenue drop in its half-year results as consumers literally sober up in the pocket.

SA revenue lifts Life Healthcare earnings

2015-11-13 14:15

Life Healthcare has announced a full-year group revenue rise of 12.3% to R14 647m, with expansion in Poland and India a focus for the group.

SABMiller earnings rise on emerging market gains

2015-11-12 13:17

SABMiller, the brewer that’s being bought by Anheuser-Busch InBev for $107bn, has reported a rise in earnings on strong demand in Latin America and Africa.

Spar posts R6.4bn profit rise

2015-11-11 10:58

Retailer Spar has posted a gross profit increase of R6.4bn for the year to end-September, while headline earnings per share rose 6.9%.

Safety stoppages hamper AngloGold operations

2015-11-09 14:47

Regulatory safety stoppages have hampered production at some of AngloGold Ashanti's South African mines, overshadowing good performance at certain operations.

Earthchild, Naartjie buys pay off for Truworths

2015-11-05 17:14

Truworths' share price has surged close to 11% after the retailer said its sales for the first 18 trading weeks of the 2016 year hit R4.4bn.


Netcare results solid on private SA demand, more NHS cases in UK

2015-11-23 14:43

Netcare Group's results reflect a solid performance from operations in South Africa, despite a more difficult economic environment, says CEO Richard Friedland.

Royal Bafokeng delays upgrade of mine

2015-11-17 18:00

Royal Bafokeng Platinum is to delay the upgrade of its mine by a year as commodity prices sink to record lows.

Easyjet profit soars on keen holiday demand

2015-11-17 11:30

British no-frills airline Easyjet says that annual net earnings have jumped, buoyed by keen demand for city break holidays, alongside lower fuel costs.

Tongaat Hulett profits drop 10%

2015-11-16 13:04

Tongaat Hulett has announced a 5.7% revenue fall in its half-year results amid severe drought conditions in South Africa and a lower international sugar price.

OK Zim reports sharp drop in profit

2015-11-13 15:13

Zimbabwe’s biggest grocery retailer OK Zimbabwe has posted a 71.6% half-year profit drop amid fierce competition and as stretched consumers opted for cheaper offerings.

Foschini shows strong sales on UK acquisition

2015-11-12 17:54

The Foschini Group has produced strong sales growth, boosted by the acquisition of UK-headquartered international womenswear brand Phase Eight.

Overseas expansion a boost for Mediclinic

2015-11-12 11:57

Mediclinic International has reported a 16% increase in normalised revenue to R19 565m in its results for the six months to end-September.

Massmart sales shoot up by 9%

2015-11-10 11:32

Massmart has announced that sales have increased to R69.8bn, 8.7% higher than the previous corresponding 45-week period.

Tradehold pleased with investment property increase

2015-11-09 12:21

Tradehold chair Christo Wiese says the 48.8% growth in the company's investment properties is largely due to the acquisition of a portfolio of commercial properties .

Investors cheer Harmony's first-quarter performance

2015-11-05 11:02

Harmony Gold's share price has climbed as much as 5.8% as investors cheered an increase in quarterly revenue and output in its local operations.

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