Shoprite Holdings strike affects trading profit

Sandile Mchunu|Published

Shoprite Holdings reported a decline of 14. 3 percent decline in trading profit to R6. 9 billion for the year to end June.

Aspen Pharmacare continues to sell non-core assets to reduce debt

Sandile Mchunu|Published

Aspen Pharmacare continued with its strategy of exiting non-core assets.

Pioneer shares hit by 14% drop in earnings

Sandile Mchunu|Published

Pioneer Foods plummeted more than 15 percent in early trade on the JSE after the packaged goods company reported a 14 percent decline in earnings.

Pan European Logistics platform buoys Investec Property Fund

Sandile Mchunu|Published

Investec Property Fund reported a 5. 1% increase year-on-year in its full year dividend for the year to end March.

Capitec's Stassen retires after 18 years

Sandile Mchunu|Published

He served as chief executive between 2004 and 2013 before assuming the role of non-executive chairperson in 2016

Reinet's share buyback programme is forging ahead

Sandile Mchunu|Published

JSE-listed investment group Reinet Investments is forging ahead with its share buyback programme.

International Grain Council expects 14% decline in SA maize crop

Sandile Mchunu|Published

The International Grains Council expects South Africa?s maize production to decline by 14percent to 10. 7million tons for the 2018/19 season.

Sasol enters agreement for sale of BEE Solbe1 shares

Sandile Mchunu|Published

The group said the objective of this agreement was to enhance the value proposition of the Solbe1 shares and increase liquidity in the open market.

Adcock Ingram reports surge in interim earnings

Sandile Mchunu|Published

The group reported a 17 percent increase in trading profit to R485 million, boosted by its diversified portfolio and growth in market share.

EOH rebounds after departures

Sandile Mchunu|Published

Former chief executive Asher Bohbot to step down from the board at the end of the month.

Operating profit less than stellar for Astral Foods

Sandile Mchunu|Published

Group says constrained consumer spending, which characterised the country's economic realities, resulted in average selling prices falling.

Mpact shares soar on upbeat earnings report

Sandile Mchunu|Published

Mpact said in a trading statement to shareholders that the underlying earnings per share would increase between 203?cents and 213c a share.

Clover’s shares jump more than 16% after buyout offer from Milco

Sandile Mchunu|Published

Clover Industries? share price surged by more than 16?percent on Monday it received a buyout offer from a newly formed consortium, Milco.

Reinet share buy-back to convert to treasury stock

Sandile Mchunu|Published

Reinet announced the commencement of the programme in November last year after it was granted the authority during the company's AGM on August 28.

Mr Price blames economic and retail environments as share price tanks

Sandile Mchunu|Published

Mr Price?s share price slid by more than 16 percent on the JSE after the group reported disappointing third-quarter results.

Woolies bedeviled by declining sales

Sandile Mchunu|Published

Woolworths says Q2 sales in SA showed positive growth as it tries to recover from the impairments of R7. 02bn it suffered in its Australian subsidiary.

WorldRemit launches low-cost transfer service from South Africa

Sandile Mchunu|Published

WorldRemit has launched its low-cost digital money transfer service from South Africa as the company targets the money transfer market in Africa.

Capitec shakes off negative publicity

Sandile Mchunu|Published

The market appears to be taking Viceroy report with a pinch of salt as the bank's share price continues to rise.

Ghost of listeriosis past: Tiger Brands faces multimillion-rand class action

Sandile Mchunu|Published

The material impact of the damage to Tiger Brands could be hundreds of millions of rand, according to analysts.

Listeriosis outbreak haunts Tiger Brands

Sandile Mchunu|Published

Outbreak and the country?s weak economy also saw its net profit slashed by 20. 6 percent to R2. 39 billion, while operating income fell to R3. 3bn.

RAC bullish about investments despite reported loss

Sandile Mchunu|Published

The group said on Friday that its investments had exciting prospects, with the exception of its businesses exposed to mining and construction.

Tiger Brands surges with polony back on the menu

Sandile Mchunu|Published

Shares gains over 5% after firm announces it will re-open its meat products processing facility, which was affected by the listeriosis outbreak.

It wasn't me – Jooste

Sandile Mchunu|Published

'Maybe the problem for Steinhoff is that we tried to grow too fast, too quickly and to too many countries'

Bidvest’s diversified portfolio boosts performance

Sandile Mchunu|Published

Trading profit grew to R6. 5?billion, up from R6bn compared to last year, with a trading margin of 8. 5?percent.

Earnings at Sun decline 47%

Sandile Mchunu|Published

Hotel group feels impact of sluggish SA economy and subdued performance in Chile