Edward West

Multimedia Journalist, Business

South African REIT sector posts 4. 1% gain in May, outpacing equity and bond markets

Edward West|Published

May saw the South African REIT sector achieve a 4. 1% gain, driven by lower interest rate expectations and improving property fundamentals, as investor confidence ...

AYO Technology Solutions: share repurchase agreement was executive in good faith

Edward West|Published

AYO Technology Solutions addresses the JSE's public censure and clarifies its share repurchase agreement with the Public Investment Corporation, emphasising its ...

Ninety One's assets under management rise 4% amid challenging market conditions

Edward West|Published

Ninety One, a global wealth management firm, announces a 4% increase in assets under management to £130. 8 billion, despite facing net outflows of £4. 9 billion. ...

SPAR Group's growth plans in Southern Africa amid divestment plans in Europe

Edward West|Published

The SPAR Group outlines its growth strategy for Southern Africa, focusing on retail enhancements, partnerships, and private label products, despite ongoing restructuring ...

Tongaat Hulett appoints Gavin Dalgleish as CEO to support final phase of business rescue

Edward West|Published

Tongaat Hulett has appointed Gavin Dalgleish as CEO to facilitate the final phase of its business rescue plan, ensuring a smooth transition to new ownership and ...

Vodacom Group appoints Mohamed Abdallah as CEO of Vodacom International Markets and Vodacom Egypt

Edward West|Published

Vodacom Group has appointed Mohamed Abdallah as CEO of Vodacom International Markets and Vodafone Egypt, aiming to enhance growth and customer experiences across ...

British American Tobacco forecasts modest revenue growth for 2025

Edward West|Published

British American Tobacco's CEO Tadeu Marroco projects a revenue growth of 1-2% for the 2025 financial year, driven by strong performance in the US and New Categories ...

Altvest Capital reports profit decline but plans for growth in alternative investments

Edward West|Published

Altvest Capital announces a decline in profits but reveals ambitious plans to enhance its investment offerings, focusing on alternative assets and innovative funding ...

South African homeowners show resilience in property market amid challenges

Edward West|Published

Despite a slight decline in homeowner confidence, the latest Absa Homeowners Sentiment Index reveals a resilient property market in South Africa, with growing interest ...

Momentum Group's third-quarter performance showcases resilience in challenging times

Edward West|Published

Momentum Group has demonstrated robust financial performance in its third-quarter update, reporting a normalised headline earnings of R4. 8 billion, despite facing ...

Raubex Group reports strong financial results and positive outlook for 2026

Edward West|Published

Raubex Group's share price soared by 8. 8% following the announcement of a strong balance sheet and a solid R28. 28 billion order book, despite facing geopolitical ...

AYO Technology Solutions' half-year results show progress despite challenges

Edward West|Published

AYO Technology Solutions anticipates a significant reduction in losses for the full year, despite a challenging financial landscape, as it navigates an acquisition ...

Dis-Chem Pharmacies reports strong annual earnings growth, but share price falls on the JSE

Edward West|Published

Dis-Chem Pharmacies reports an 8. 6% increase in group revenue for the first quarter, yet its share price fell by 5. 5% on Friday, raising questions about market ...

Santova shares rise after announcing R417. 7m acquisition of The Seabourne Group

Edward West|Published

Santova has announced the acquisition of The Seabourne Group for R417. 7 million, aiming to enhance its logistics services across the UK and Europe, particularly ...

Adcorp Holdings reports impressive annual results with a 7. 4% share price increase

Edward West|Published

Adcorp Holdings has reported a remarkable 7. 4% increase in share price following the announcement of its annual results, which include a doubled final dividend ...

Delta Property Fund reports 10. 34% increase in net operating income amid turnaround of strategy

Edward West|Published

Delta Property Fund demonstrates a successful turnaround strategy with a 10. 34% increase in net operating income, strong cash inflows, and strategic disposals aimed ...

Lewis Group's growth strategy: New stores and record earnings

Edward West|Published

Lewis Group has reported a remarkable 66. 9% increase in operating profit to R1. 2 billion for the year ending March 2025, driven by strong credit sales and an expanding ...

Spar Group explores sale of Spar Switzerland and Appleby Westward Group

Edward West|Published

Spar Group is considering the sale of its operations in Switzerland and the Appleby Westward Group as part of a strategic review, anticipating a decline in interim ...

Tiger Brands announces special dividend and strong interim results

Edward West|Published

Tiger Brands has reported a 5. 7% increase in share price following the declaration of a special dividend of 1 216. 00 cents per share, alongside strong interim ...

Hyprop and PKI compete for control of MAS after escalating bids

Edward West|Published

Prime Kapital Investment Holdings and Hyprop are in a bidding war for a controlling stake in MAS, with offers escalating as both companies vie for dominance in the ...

How Coronation Fund Managers commits to responsible investment and ESG engagement

Edward West|Updated

Coronation Fund Managers has engaged in responsible investing by voting on over 6,200 shareholder resolutions in 2024, focusing on ESG considerations and advocating ...

Solid financial results for Coronation Fund Managers as assets under management rise

Edward West|Published

Coronation Fund Managers has announced an 8. 1% increase in its interim dividend, driven by strong performance across its funds, despite facing market volatility ...

Datatec increases final dividend after strong annual financial performance

Edward West|Published

Datatec reports a significant increase in its final dividend to 200 cents, driven by strong financial performance and a new shareholder-friendly dividend policy. ...

Pepkor reports strong trading performance and optimistic outlook for the second half

Edward West|Published

Pepkor Holdings has reported an 18. 9% growth in normalised headline earnings, driven by strong retail performance and fintech growth, as the group remains optimistic ...

Pick n Pay's turnaround strategy: aiming for profitability by 2028

Edward West|Updated

Pick n Pay's turnaround strategy is evolving as the retailer now anticipates reaching breakeven by 2028, a year later than initially projected. CEO Sean Summers ...