Kwaai prysmededinging kan Woolies uiteindelik knou - Sake 24
Woolies se sterk mededinging om sy pryse aantreklik to maak, kan in die volgende boekjaar teen hom begin tel. Nietemin is die groep baie ingenome met sy resultate vir die boekjaar tot einde Junie 2013.
Strikes take toll on Implats earnings - Business Day
Stability was improving among Impala Platinum’s (Implats’) Rustenburg workforce after last year’s strikes, but there were still some tensions, CEO Terence Goodlace said yesterday.
Australian portfolio lifts Growthpoint - Business Day
Growthpoint Properties, SA’s largest listed property company with a market capitalisation of about R44bn, yesterday reported distribution growth of 7.2% to 149c per linked unit for the year ended June.
Sun International sees profits rise, despite lower gambling revenue - Moneyweb
Leisure and gaming company Sun International has restored profitability to all of its local and international operations – with the exception of Namibia. View article
Retailers feel consumers' pinch - Business Report
Retailers Massmart, Truworths and Edcon reported lacklustre results yesterday, indicating that severe pressure on consumer spending has not abated.
Al meer wil die' groep se rokkies dra - Sake 24
Die Truworthsgroep het sy aandeel van die vroue- en manskleremark vergroot en ook twee mylpale bereik. Sy kleinhandelverkope het die R10 miljard-kerf verbygesteek en die getal winkels is verby die 600kerf.
Banking on change - Financial Mail
A price war in SA, regulatory interventions in some of the countries in which it operates, and more competition are forcing the MTN Group to re-engineer its business, cut costs and look for other revenue sources.
Emira reports turnaround, cuts vacancy rate by half - Business Day
Emira Property Fund yesterday reported a “substantial turnaround” and a return to distribution growth for the year ended June, with its distribution of 114.59c per participatory interest up 3.5% on the prior year.
Banks face hazard of continent's bad debts - Business Day
Standard Bank’ strategic decision to exit other emerging markets to focus on Africa boosted its recent results, but growing bad debt is still a reminder of how hazardous it is to do business on the continent at times.
Standard lifts earnings 11% despite weak conditions - Business Day
Standard Bank grew its normalised headline earnings 11% to R8.2bn in the first half of the year despite weak economic conditions and increasing bad debt, while its operations in the rest of Africa have started to gain traction.
Laer koste laat Standard groei - Sake 24
Standard Bank het in April 2012 pakkette bekend gestel wat kliente se bankkoste verlaag het. Hiermee het hy kliente behou, nuwes gewerf en hulle meer transaksies laat doen.
Signs of consolidation - Engineering News
The seasonally adjusted Kagiso Purchasing Managers Index (PMI) remained above the key 50-point mark for the fourth consecutive month in July, when it increased marginally by 0.6 points to 52.2, but challenging market conditions persist.
MTN maps job cuts to optimise costs - Business Report
MTN, the continent’s largest cellular network provider, is weighing up job cuts as cost optimisation becomes a key focus over the remaining months of the financial year to December.
Mpact delivers a 'solid set of results in a difficult market' - Business Day
Packaging maker Mpact says it has grown profit under “difficult trading conditions”. In the six months ended June revenue rose 9.7%, underlying operating profit was up 6.1% to R236m and underlying earnings per share shot up 20.9% to 77c.
Cutting the fat at Times Media - Citizen
The restructuring of the bloated and inefficient Times Media business continues with the news that subsidiary I-Net Bridge has been sold to the Naspers-owned McGregor BFA for R115 million.
I-Net Bridge sold 'because it needs more investment' - Business Day
The sale by Times Media Group of its I-Net Bridge division for R115m is in line with the group’s plans to become a focused media and content provider, while the buyer, McGregor Bureau for Financial Analysis (BFA), is looking to provide financial data for the African market.
Mondi posts 'very good' performance - Business Day
Mondi Group CEO David Hathorn said on Thursday the “very good” set of interim results for the six months ended June were derived from a “good” operating performance and the integration of recent acquisitions.
Anglo American: in recovery - Finweek
Rubin Renecke, an investment analyst at Kagiso Asset Management, believes the diversified mining group holds good potential in the long run.
Old Mutual stock rallies on increased interim profit - Business Day
Strong growth in emerging markets and the US asset management business sent Old Mutual’s share 4.61% higher to R30.41 yesterday after it released its interim results for the six months to June.
Sappi pins its hope on new business focus - Business Day
Sappi headlined the start-up of its new “high-margin” US and South African chemical cellulose projects in its third-quarter results ended June, as it continued to make losses in tough environments for paper, especially in Europe, its biggest market.
Liberty plugs gaps in Nigerian offering - Business Report
Liberty Holdings was in the process of entering the asset management and life insurance markets in Nigeria, chief executive Bruce Hemphill said yesterday during the life insurer’s interim financial results presentation.
Liberty top man to Nigeria in pursuit of target - Business Day
Liberty Holdings said yesterday it had deployed one of its executives to Nigeria to help the company bed down acquisitions in West Africa.
Tenant failures drag down Intu - Business Day
JSE-listed Intu Properties’ share price fell 2.12% to trade at R49.87 by 3pm yesterday after the UK property company reported an unchanged 5p interim dividend per share for the six months ended June, while like-for-like net rental income fell 2.9%.
ArcelorMittal recovering after fire - Business Day
ArcelorMittal SA saw a strong second-quarter earnings recovery in the six months ended June as output normalised after a devastating fire at its major Vanderbijlpark works in February.
Price increases offset falling consumption for BAT - The International Convenience Store Retailer
British American Tobacco (BAT), the world’s second-largest tobacco group by market share, reported a 4% rise in first-half revenue to £7.57bn recently, as price increases helped offset falling consumption.
Tongaat forecasts large rise in sugar output for the year - Business Day
Listed agricultural and agri-processing company Tongaat Hulett said that all resolutions were passed by the requisite majority of shareholders at its annual general meeting yesterday and it continued to make “substantial progress”.