Edward West

Multimedia Journalist, Business

KAP share price surges 13% as operating profit rises despite economic challenges

Edward West|Published

KAP's share price jumped over 13% following positive financial results for the five months to November 2024, with increased EBITDA driven by improved panel production ...

Libstar shares surge 8% after mushroom business disposal and further restructuring

Edward West|Published

Libstar Holdings' share price jumped 8.5% following its announcement to sell off its loss-making fresh mushroom business and potential plans to exit non-food categories. ...

Mr Price's nearly R10bn European acquisition sees share price plunge 13%

Edward West|Published

Mr Price Group has announced its entry into the European market with a R19.6 billion acquisition of NKD Group, causing its share price to drop over 13% as investors ...

Mr Price Group shares plunge 9% following R9.6 billion European acquisition

Edward West|Published

Mr Price Group's shares dropped nearly 10% after announcing its first European venture - a R9.6 billion acquisition of German retailer NKD with over 2,100 stores. ...

Thungela Resources on track to exceed 2025 coal production targets

Edward West|Published

Thungela Resources on Track to Exceed 2025 Coal Production TargetsThungela Resources expects to exceed its 2025 coal production guidance despite market headwinds, ...

Mahube Infrastructure to delist from JSE following premium buyout offer

Edward West|Published

Mahube Infrastructure has received a buyout offer from renewable energy investors at a 30% premium to its current share price. The R5.50 per share cash offer from ...

Merafe Resources extends consultation on ferrochrome smelter crisis until 2026

Edward West|Published

Merafe Resources and Eskom have signed a Memorandum of Understanding extending consultations on electricity pricing solutions for struggling ferrochrome smelters ...

SPAR Group improves performance in the second-half and strengthens its balance sheet

Edward West|Published

SPAR reports a 2.4% year-on-year revenue increase despite challenging economic conditions in South Africa. " The SPAR Group has reported a substantial 40% reduction ...

Nampak reports strong profit growth as turnaround strategy bears fruit

Edward West|Published

Nampak's financial results show impressive growth with attributable profit nearly doubling to R1.2 billion as the packaging group's turnaround strategy takes hold. ...

Capitec expands into SME payments market with R400 million Walletdoc acquisition

Edward West|Published

Capitec Bank Holdings will acquire fintech company Walletdoc for R400 million, strategically positioning itself in the competitive SME payments sector. The acquisition ...

Absa Group shares rise 4.2% following positive trading update

Edward West|Published

Absa Group's shares jumped 3.5% on Monday following a positive trading update that confirmed performance in line with expectations. The bank projects improved ROE ...

Trustco rejects Riskowitz Value Funds' hostile takeover bid

Edward West|Published

Namibian financial services group Trustco has rejected a hostile takeover attempt by Riskowitz Value Fund, citing legal, procedural, and governance failings. CEO ...

Italtile reports modest retail growth amid challenging building industry conditions

Edward West|Published

Italtile's latest trading update reveals a modest 1.2% increase in retail turnover, while manufacturing sales declined by 6.2% amid intense competition from low-priced ...

RMB Holdings reports 28% decline in net asset value amid Atterbury acquisition talks

Edward West|Published

RMB Holdings reports a significant 28% decline in net asset value to R662 million, while simultaneously facing a potential acquisition by Atterbury Property Fund, ...

Sappi shares surge 9% as nearly R20bn joint venture with Finland's UPM announced

Edward West|Published

Sappi's shares traded 9.27% higher at R23.71 Thursday afternoon after the company announced plans with UPM to combine their European graphic paper operations into ...

Vodacom to acquire majority stake in Kenya's Safaricom for R35.77 billion

Edward West|Published

Vodacom Group is set to acquire a further 20% stake in Safaricom for R35.77 billion, giving it controlling interest in Kenya's largest telecoms company. The deal ...

Sizwe Hosmed medical scheme makes significant progress under curatorship

Edward West|Published

Explore how a healthcare scheme is focusing on financial sustainability and membership growth, while addressing past challenges in healthcare access for its members ...

Araxi delivers resilient financial performance in software and payments

Edward West|Published

Araxi Limited, previously known as Capital Appreciation, has demonstrated resilience in its half-year results with increased market share and new client acquisitions ...

FirstRand reports strong first half operational performance, grows earnings

Edward West|Published

FirstRand's latest trading update reveals operational and financial performance tracking in line with expectations, with improved advances growth across South Africa, ...

London West End portfolio continues to drive positive results for Shaftesbury Capital

Edward West|Published

Shaftesbury Capital reports positive performance with 367 leasing transactions completed year-to-date, 9% ahead of estimated rental value. The London West End portfolio ...

Merafe Resources - Glencore JV to close two ferrochrome smelters and axe jobs

Edward West|Published

Merafe Resources announces that recent government electricity tariff proposals will only save one of its three ferrochrome smelters, with retrenchment notices already ...

Fairvest exceeds annual guidance with 11.2% distribution growth

Edward West|Published

Fairvest Property Holdings reports 11.2% growth in distributions per B share, exceeding its annual guidance of 8-10%. The company is successfully transitioning to ...

Remgro to take full control of Mediclinic Southern Africa in a restructuring with MSC

Edward West|Published

Remgro, the JSE-listed investment group chaired by renowned South African businessman Johann Rupert, and global shipping company MSC Mediterranean Shipping Company ...

Tharisa declares 33% lower dividend despite improved headline earnings

Edward West|Published

Tharisa has declared a 33% lower final dividend despite improved headline earnings, as the South African platinum and chrome mining company grapples with decreased ...

Alexforbes raises interim dividend 9% as operating income grows

Edward West|Published

Financial services giant Alexforbes has announced solid interim results across all business segments, with operating income up 9% and assets under management growing ...