GPI CEO resigns to run Burger King et al

2017-03-17 10:12

Grand Parade Investments has announced that Alan Keet is resigning as chief executive officer and director of the Western-Cape based holding company.

Barclays Africa debt sale misses target as lenders rush to issue

2017-03-15 08:58

Barclays Africa Group has sold less than half its target in a bond auction as a wall of debt issuance by SA banks and the impending exit of its UK parent, Barclays, damped demand.

New Adidas CEO plans fast-fashion focus to catch up to Nike

2017-03-10 17:07

Adidas’s new CEO is doubling down on surging sales of casual sneaker lines like Stan Smith and Tubular to transform the German sportswear maker into a fast-fashion business.

Old Mutual shareholders to benefit from second dividend

2017-03-09 10:44

Old Mutual has posted growth in earnings and declared a second dividend.

Sanlam posts 6% decline in profit

2017-03-09 08:49

Sanlam has posted a 6% full year decline in profit due to negative foreign currency translation differences and weak equity market performance during 2016.

Ascendis posts profit amid R1bn acquisition spree

2017-03-08 09:01

High growth health and care firm Ascendis Health has posted a 34% increase in half-year profit as it announced three acquisitions this month that will cost about R1bn.

AB InBev eliminates bonuses as earnings trail estimates

2017-03-02 12:08

Anheuser-Busch InBev has eliminated bonuses for most of top management after earnings trailed analyst estimates for a seventh straight quarter.

Brimstone happy with results after 'perfect storm' - CEO

2017-02-28 18:55

Sticking to the basic approach to doing business it has followed since it was founded 22 years ago, is what has led to Brimstone through a "perfect storm".

Brimstone pays out 15th consecutive dividend

2017-02-27 17:55

Brimstone has recorded a 22% increase in revenue and a 147% increase in operating profit for the financial year ended 31 December 2016.

Hulamin shows jump in headline earnings per share

2017-02-27 12:22

Hulamin's audited results for the year ended 31 December 2016 show headline earnings per share was up 222% to 119 cents per share.


Zara owner's margin shrinks to lowest level in 8 years

2017-03-15 13:17

Inditex’s profitability has shrunk to an eight-year low as the retailer was confronted with higher garment costs and lowered prices to fend off increasing competition.

Cell C posts its first-ever full-year profit

2017-03-14 13:55

South Africa’s third largest mobile network Cell C has recorded its first full-year profit of R540m, following a R5.6bn loss the previous year.

Truworths Zim posts 40.8% half-year sales drop

2017-03-10 14:40

ZSE-listed Truworths, owned 34.39% by Truworths International, has reported a 35.89% drop in revenue for the half-year ended January 8 2017.

FirstRand bucks low economic growth trend

2017-03-09 09:58

FirstRand has reported earnings growth across all its businesses, despite a challenging economic environment.

Ascendis CEO reveals health firm's cocktail for success

2017-03-08 20:03

Ascendis Health wants to make its business a proper empire and follows a different approach to SA, Africa and Europe in order to reach this goal, says the CEO.

Attacq posts steady results amidst volatile business climate

2017-03-03 16:42

The tougher global economy, the strengthening of the rand and international market volatility had an impact on the interim results of Attacq.

MTN suffers first financial loss in 20 years

2017-03-02 09:32

Mobile network MTN says 2016 was its “most challenging” year ever as it reported its first annual loss in 20 years.

Sasol says $11bn US project on track for 2018 start

2017-02-27 19:45

Sasol says the first units at its Lake Charles chemical project will start operating in 2018, as the firm posts lower first-half profit because of currency losses and a strike.

Bidvest profit up as SA operations record revenue rise

2017-02-27 14:38

Bidvest Group has reported positive financial results with a 3.2% increase in operating profit, despite poor performance by its print business and operations in Namibia.

Stronger rand knocks Sasol's profit

2017-02-27 11:56

Sasol has announced that its operating profit is down 8% to R13.7bn, on the negative impact of a firmer exchange rate and strike action.

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