AECI has mainly shrugged off drought and SA’s disastrous mining impasse to deliver a “more than pleasing” result for the year ended December 2017. Aslam Davids comments.
Cigarette giant British American Tobacco (BAT) failed to ignite market sentiment despite dividends for the year to end-December increasing 15% to £1.95 a share and a blazing outlook for the group’s new products for smokers. Dirk van Vlaanderen comments.
Retail and wholesale group Massmart’s share price surged almost 9% after the group delivered a surprisingly satisfactory set of annual financial results despite battling weak consumer confidence. Dirk van Vlaanderen comments.
Pharmaceutical company Adcock Ingram is considering exports to the Asia-Pacific and South America as it looks to build its international business. Aslam Davids comments.
Gold miners have mixed feelings about the presidency of Cyril Ramaphosa. It could usher in a more investor-friendly mining regime, but at the same time, hopes that SA will be better managed have caused the rand to strengthen. Mandi Dungwa comments.
Imperial Holdings posted “solid” results for the six months ended December 2017, as talk of unbundling its Motus integrated motor vehicle group from its logistics arm came into focus. Abdul Davids comments.
For the six months to December, normalised operating profit rose 19% to R4bn on strong growth from established and new businesses. Discovery’s emerging businesses, Discovery Insure, Vitality Group and Ping An Health, swung from a R130m loss in the previous comparable period to a R66m profit. It is the first time that all three posted profit. Justin Floor comments.