Those who have problems with Ramaphosa are rubbing their hands in glee at what they see as reinforcement that he is captured by those who funded his campaign, writes Chris Vick.
Mr Price Group has lifted its revenue 5.8% to R22.6bn, with retail sales increasing 4.4% , according to the company’s annual financial results for the year ended March 30.
The first quarter of 2019 was painful for investors in many companies which make their money from SA consumers, but the bourse in general didn't share their pain – in part thanks to mining shares.
The rand treaded between R14.17/$ and R14.35/$ during Thursday's session.
Mr Price shares have been changing hands 4.05% firmer at R272.69, after the clothing and homeware retailer recovered from its first earnings drop in 16 years last year.
A weaker rand boosted JSE miners and industrials, as the currency fell to R13.61 against the dollar.
The JSE managed to close the day firmer as retailers led the local bourse higher.
Mr Price has been referred to the National Consumer Tribunal by the National Credit Regulator for being in breach of the National Credit Act.
SA's tough retail environment has eaten into Mr Price earnings over the past year, as consumers kept a firm hold on their wallets due to the current economic climate.
Investors have cheered Mr Price results, sending the share price soaring over 7% after the clothing retailer for the first time posted sales in access of R20bn.
Here are five shares to watch, according to an analyst at Overberg Asset Management.
Shares of Mr Price are now tradable on the A2X. This is the retailer's secondary listing, and its issued share capital on the JSE will be unaffected.
Trading updates from Mr Price and Woolworths reflected lower than expected sales volumes during the December holidays.
Superstar rapper Cassper Nyovest has done very well for himself and he is not afraid to flaunt his achievements.
Equity investors see a brightening outlook for SA's clothing sector, which just six months ago was depressed by weak economic growth, subdued consumer confidence and declining earnings, notes Overberg Asset Management.
Retail and financial stocks inched higher on the back of the firmer rand.
The National Credit Regulator has referred Foschini to the National Consumer Tribunal for being in breach of the National Credit Act.
The rand continued to weaken but the local bourse showed improvements as American and British markets were back online.
Overberg Asset Management analyst Kirk Swart looks at South African retail shares and how hard they are finding it to make profits.
A shopper who has been duped by fraudsters to part with her hard-earned cash, bank card and pin has come forward to warn other shoppers of a "discount voucher" scam.
Somerset WestFinovate PeopleR9 500.00 Per Month Per Month
Cape TownAmazon Development Centre SA (Pty) Ltd
Cape TownTracking Talent
R 1 349 000
R 2 600 000
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