Edward West

Multimedia Journalist, Business

Tongaat Hulett faces dire financial challenges amid government rescue efforts

Edward West|Published

Tongaat Hulett is navigating severe financial difficulties, with government officials advocating for a rescue plan to save the company and protect thousands of jobs ...

Foschini warns of significant decline in earnings due to weak trading conditions

Edward West|Published

TFG warns shareholders of a projected 30% to 40% decline in headline earnings per share due to weak trading conditions in South Africa and impairments in brand values, ...

Pick n Pay faces backlash from SACCAWU over proposed changes to workers' conditions

Edward West|Updated

Pick n Pay and the South African Commercial Catering and Allied Workers Union (Saccawu) are at odds over proposed changes to workers' conditions, with the union ...

AngloGold Ashanti reports record cash flow and dividend increase in the first quarter of 2026

Edward West|Published

AngloGold Ashanti has achieved record free cash flow of $1.2 billion in Q1 2026, nearly tripling last year's figures, alongside a substantial dividend increase and ...

Lesaka Technologies reports over 200 percent increase in adjusted earnings per share

Edward West|Published

Lesaka Technologies has reported a remarkable 200% increase in adjusted earnings per share for Q3, alongside an upward revision of its financial guidance, following ...

Datatec forecasts a robust increase in earnings per share for its 2026 financial year

Edward West|Published

Datatec's share price has surged over 3% following a forecast of a significant increase in headline earnings per share for the financial year ending February 29, ...

Gold Fields faces rising costs but maintains production and cost guidance

Edward West|Published

Gold Fields reports a strong start to 2026, highlighting production increases but warns of potential cost challenges due to rising commodity prices.

Sappi's share price plunges 13% amidst a R6bn quarterly loss

Edward West|Published

Sappi's share price fell over 11% following a reported R403 million loss for the quarter ending March 31, raising concerns about its future performance amid challenging ...

SharkNinja launches in South Africa through partnership with Iser

Edward West|Published

SharkNinja, a leading global product design and technology company, has entered the South African market through a strategic partnership with Iser (Pty) Ltd, bringing ...

Competition Commission refers MultiChoice and Altech to Tribunal for market division

Edward West|Published

The Competition Commission has referred MultiChoice and Altech to the Tribunal for allegedly dividing markets in violation of the Competition Act, seeking penalties ...

Jubilee Metals reports significant copper production growth in Zambia

Edward West|Published

Jubilee Metals Group has made significant strides in its copper production strategy, reporting a 28.7% increase in saleable copper production and outlining future ...

Sibanye Stillwater reports 371% increase in first quarter adjusted EBITDA

Edward West|Updated

Sibanye Stillwater's adjusted EBITDA soared by 371% in Q1 2023, driven by improved operational stability and higher precious metals prices, leading to a significant ...

DRD Gold reports 6% revenue increase despite decline in gold sales

Edward West|Published

DRD Gold has reported a 6% increase in revenue for the quarter ending March 31, 2026, driven by a rise in gold prices despite a decline in gold sold. The company ...

South Africa's cattle farmers gain autonomy in biosecurity with new vaccination scheme

Edward West|Published

South African cattle farmers can now vaccinate their livestock against foot and mouth disease independently, thanks to a new Routine Vaccination Scheme announced ...

Afrox signs 10-year renewable energy deal with Discovery Green

Edward West|Published

Afrox has entered a ten-year power purchase agreement with Discovery Green to source renewable energy for its Kuilsrivier air separation unit, aiming to reduce carbon ...

Metair strengthens balance sheet after its debt is restructured to more favourable terms

Edward West|Published

Metair, the JSE-listed auto component and battery manufacturer, has successfully extended its R3.3 billion debt repayment terms to five years, providing enhanced ...

Pick n Pay enters talks with staff for labour model restructuring

Edward West|Published

Pick n Pay is engaging in consultations with 22,000 staff as part of a restructuring strategy aimed at enhancing flexibility and operational efficiency, amidst ongoing ...

South Africa's National Health Insurance faces constitutional challenge

Edward West|Published

South Africa's National Health Insurance scheme faces a pivotal legal challenge as the Board of Healthcare Funders contests the constitutionality of the NHI Act ...

Eskom's R5.4bn bonus scheme questioned amid financial challenges

Edward West|Published

Eskom has awarded its employees R5.4 billion in bonuses, raising concerns from the Democratic Alliance amid rising electricity prices and financial instability. ...

MTN Nigeria reports significant earnings growth and subscriber increase

Edward West|Published

MTN Nigeria has reported a remarkable 166.1% increase in earnings per share, alongside significant growth in subscribers and service revenue, despite facing a challenging ...

Resilient Reit ready to grow in 2026 with prospects boosted by energy initiatives

Edward West|Published

Resilient Reit is set for a strong performance in 2026, driven by strategic expansions and energy initiatives, as the South African economy shows promising growth. ...

How Sun International is adapting to the digital shift in the gambling market

Edward West|Published

Sun International outlines its five-year strategy to enhance operational efficiency and adapt to the evolving gaming market, reporting a resilient performance in ...

Urgent call for government action to protect South Africa's cable manufacturing industry

Edward West|Published

South Ocean Electric Wire's CEO calls for urgent government intervention to combat the influx of low-priced imports threatening South Africa's cable manufacturing ...

MTN's strategic shift: Governance and the nation-state program for 2026

Edward West|Published

MTN is enhancing its governance framework through a new nation-state programme aimed at navigating the complexities of the global telecom market, addressing AI disruptions, ...

Gold demand surges as investors seek safe haven amidst rising global volatility

Edward West|Published

Retail investors have driven a 42% increase in gold bar and coin demand globally in the first quarter of 2026, with China leading the surge. Despite a decline in ...