Investors cheer Massmart trade update

2015-08-27 10:55

Retailer Massmart has outperformed its peers after reporting total sales of R38.9bn for the 26 weeks to end-June, a 9.1% rise over the prior comparable period.

Impala Platinum sees lower full-year earnings

2015-08-25 17:39

Impala Platinum has flagged lower full-year earnings, mainly due to efforts to ramp up output at its SA mines following a five-month strike in Zimbabwe mine.

Gold Fields swings to profit as costs decline

2015-08-20 08:56

Gold Field has swung to a second-quarter profit after cutting costs.

Shoprite hits profit estimates

2015-08-18 09:41

Shoprite, Africa's biggest retailer, has met its profit estimates with a rise in full-year earnings as it stole market share in its food business from rivals.

SA-owned Zim units post earnings growth

2015-08-13 11:04

SA-owned, Zimbabwe-based financial services units have reported growth in both the top and bottom line for the half-year ended June 30 2015.

Tesla loss widens as it gears for expansion

2015-08-06 09:23

Tesla reported has its loss for the second quarter widened to $184m as the electric carmaker geared up for expansion.

Low international prices hit Zimplats earnings

2015-08-03 09:10

Impala Platinum's Zimbabwe-based unit Zimplats has reported a 41% revenue drop for the quarter ended June 30 on depressed international prices.

Barclays Africa hastens talks to buy banks in Egypt, Zim

2015-07-29 12:06

Barclays Africa Group says talks to buy its parent company’s operations in Egypt and Zimbabwe have been accelerated following management changes at Barclays.

Zim's Mimosa platinum records rise in output

2015-07-28 15:08

Mimosa platinum mine, owned jointly by Aquarius Platinum and Impala Platinum, is on a strong footing after its quarterly production lifted by 5%, says the Aquarius CEO.

BAT defies downward trend in Zim

2015-07-27 12:56

British American Tobacco has bucked the downward trend in Zimbabwe by recording growth in both revenue and profitability in its half-year results.


Santam unlocks R1.1bn in BEE scheme

2015-08-26 16:58

Santam, SA’s largest short-term insurer, says it has unlocked a combined value of R1.1bn for participants in its broad-based black economic empowerment scheme.

Exxaro first half earnings drop 62%, cuts dividend

2015-08-20 10:56

Mining company Exxaro has posted a 62% fall in half-year earnings and cut its interim dividend following a drop in commodity prices.

Glencore earnings fall, lower capex next year

2015-08-19 10:50

Miner and commodities trader Glencore says it has posted a fall in earnings on sliding metal and oil prices and adds that capital spending next year is expected to be lower.

Standard Bank first-half profits jump 61%

2015-08-14 12:19

Standard Bank's first-half profit has risen 61% after assets were sold to Brazilian operations and part of its London unit.

Liberty Holdings says H1 profit up 6%

2015-08-07 10:10

Liberty Holdings has reported a 6% increase in half-year profit as strong demand from corporate clients offset a weak showing from its equity investments portfolio.

Royal Bafokeng swings to loss on softer prices

2015-08-04 10:30

Royal Bafokeng Platinum has swung into a first-half loss as it battled low metal prices, a softer currency and reduced output.

Barclays Zim reports income rise

2015-08-02 12:29

Barclays Zimbabwe has posted a 4% growth in total income to $21.7m, up from $20.8m in the prior year, for its half-year up to June 30.

Barclays Africa first-half profit up on consumer bank boost

2015-07-29 08:36

Barclays Africa Group says first-half profit climbed 9.8% after retail and business banking earnings rose, bad debts declined and it expanded African operations.

MTN expects first-half profit knock

2015-07-28 10:01

Africa’s biggest mobile network MTN is expecting a drop of between 10% and 15% in profits as fluctuating exchange rates hurt its bottom line.

ArcelorMittal first half loss seen up to 14-fold wider

2015-07-23 11:19

Africa's biggest steel maker ArcelorMittal South Africa has flagged as much as 14-fold wider half-year loss, citing tough trading conditions and higher finance costs.

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