Edward West

Multimedia Journalist, Business

Construction activity declines in the first quarter due to high rainfall in four provinces

Edward West|Published

The Afrimat Construction Index for Q1 2025 indicates a 2. 6% decline in construction activity, attributed to high interest rates and adverse weather conditions, ...

Prosus' strategy for AI-driven growth in global lifestyle and ecommerce markets

Edward West|Published

Prosus CEO Fabricio Bloisi announces plans to increase Ebitda by 3. 5 times over the next three years, highlighting the company's focus on AI innovations and strategic ...

AH-Vest offers minority shareholders 55 cents per share to delist from JSE

Edward West|Published

AH-Vest minority shareholders are set to receive a significant cash offer as the company plans to delist from the JSE, raising questions about the future of its ...

Navigating constant crises: South African executives face rising risks

Edward West|Published

South African executives are grappling with a 'constant crisis' environment, as highlighted in BDO's Global Risk Landscape Report 2025. With rising compliance and ...

Fintech group Capital Appreciation sees share price surge following positive annual results

Edward West|Published

Capital Appreciation's annual results reveal significant growth in its Payments and Software divisions, with a notable increase in share price and dividends, despite ...

Prosus boosts dividends and share buybacks after strong financial results

Edward West|Published

Prosus, the global technology group, reports a maiden annual profit and a 3. 57% rise in share price, driven by a strategic shift towards lifestyle platforms and ...

Harmony Gold poised to meet production and cost guidance for 10th year

Edward West|Published

Harmony Gold Mining Company has successfully met its production, grade, and cost guidance for the 10th consecutive year, with CEO Beyers Nel highlighting exceptional ...

Prosus reports maiden annual profit, lifts dividend 100% under new strategy

Edward West|Published

Prosus, the technology group and Naspers subsidiary, reports its first profit under CEO Fabricio Bloisi, who has shifted the company towards lifestyle platforms, ...

Mr Price Group raises final dividend 12. 7% after market share gains in volatile consumer market

Edward West|Published

Mr Price Group's final dividend rises by 12. 7% as the retailer reports record operating profits and significant market share gains, despite a challenging retail ...

TFG's robust earnings reflect strategic growth and online success

Edward West|Published

TFG's financial results for the year ending March 2025 show a 4. 6% increase in headline earnings, driven by strong performance in Africa and the acquisition of ...

Fairvest reports robust interim distributable income growth and acquires five properties

Edward West|Published

Fairvest announces the acquisition of five retail properties for R477. 7 million, alongside an 8. 8% increase in interim distribution, as CEO Darren Wilder outlines ...

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 executed 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 ...