As the alleged wrongdoing at Bishops Diocesan College shows, equating wealth with virtue is a bad idea, writes Helena Wasserman.
High level clouds. Mild.
Cashbuild Group announced 2% increase in revenue with its new stores contributing 2% to this increase in revenue.
The decline was due to "once-off" costs, the company said.
The cost of load-shedding, increases in material prices and a weaker order book also hurt its bottom line.
Eskom's net loss of R27bn for the 2018/19 financial year further highlights its unsustainable capital structure and the urgency for a turnaround plan, says ratings agency Moody's.
Shoprite rallied the most in 22 years after Africa's largest food retailer said second-half sales climbed as it took market share.
According to its latest statement, AYO believes its August 2018 audited results will not have to be restated.
The board of Tongaat Hulett has requested the suspension of its listing on the Johannesburg Stock Exchange amid an investigation.
Pick 'n Pay delivered an "exceptional performance" over the past year, according to Chairman Gareth Ackerman, with headline earnings per share up 18%.
Microsoft shares jumped to record levels on Thursday, with the company’s stronger-than-expected March quarter results lifting its market capitalisation “to $1trn and beyond,” in the words of Morgan Stanley.
Absa Group's separation from UK-based Barclays has been progressing well, Jason Quinn, Absa Group Financial Director has said.
Following the resignation of its CEO, Adcorp announced in a statement on its unaudited results for the six months ended on August 31, 2019 that it had suffered a 10% drop in revenue and R447m net losses.
Airports Company South Africa has seen its profits fall by 58% in the year to end-March, due in part to a 50% rise in security costs.
Absa has posted earnings growth of 3% for the first half of 2019, it was bolstered mainly by its South African retail and business banking unit.
Tongaat Hulett's listed unit in Zimbabwe has delayed its financials for the second time after missing the July 31 extended deadline, saying it was now finalising complex accounting issues stemming from its JSE-listed parent company's re-statement of financials.
Netflix’s biggest earnings surprise in years sent the shares plummeting the day after results were released, leaving analysts and investors wondering why they were caught so off guard.
Entertainment company MultiChoice expects higher operating profit for the March 31, 2019 year. However, an equity transaction may impact its overall earnings negatively.
Poultry producer Astral has lowered its projections of earnings for the six months ended March 31, 2019.
Altria Group, the Marlboro maker that’s been diversifying into cannabis and vaping, fell after reporting first-quarter results that missed the lowest analyst estimate.
Clicks Group's core health and beauty markets have been resilient despite load shedding making a negative impact trade sentiment, says CEO Vikesh Ramsunder.
MTN said it was satisfied with its year-end results on Thursday, vowing to keep expanding as a digital operator with a major focus in fintech and digital areas.
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