Investec FY earnings set to rise

Helen Nyambura-Mwaura|Published

Investec expects earnings growth after increasing the funds it manages, but warned that weaker rand would hurt group results.

FirstRand H1 earnings up 13 percent

Helen Nyambura-Mwaura|Published

Local banking group FirstRand reported a 13 percent rise in first-half earnings on Tuesday.

Standard Bank sells London stake

Helen Nyambura-Mwaura|Published

Standard Bank has sold a stake of its London business at $75 million less than what had been previously agreed.

MTN to reorganise business unit

Helen Nyambura-Mwaura|Published

MTN plans to restructure its SA enterprise business segment as competition squeezes revenue.

FirstRand shares fall on new stocks

Helen Nyambura-Mwaura|Published

FirstRand sold new and existing shares worth nearly R4. 7 billion to be partly paid out to staff schemes.

Vodacom’s earnings fall, growth to slow

Helen Nyambura-Mwaura|Published

Vodacom shares fell nearly 6 percent on Monday after the mobile phone operator posted a surprise decline in first-half earnings.

Capitec posts 21% rise in earnings

Helen Nyambura-Mwaura|Published

First-half earnings rose after mass-market lender attracted more customers and booked higher transaction income.

African Bank warns of H1 loss

Helen Nyambura-Mwaura|Published

Unsecured lender believes it'll swing to a first-half loss of no more than R3. 3 billion.

Slow subscriber growth for MTN

Helen Nyambura-Mwaura|Published

MTN reported slower growth in subscriber numbers for the first quarter.

Porsche looking for African partners as middle class revs up

Helen Nyambura-Mwaura|Published

Porsche is looking for investors to set up showrooms and service centres across Africa to increase sales as economies on the continent expand rapidly.

Credibility at stake as Abil flags 90% plunge in earnings

Helen Nyambura-Mwaura|Published

African Bank Investments Limited (Abil) issued its second profit warning in five weeks on Friday, flagging a 90 percent plunge in full-year earnings, due in part ...

Amplats’ shares dip on strike news

Helen Nyambura-Mwaura|Published

Anglo American Platinum’s shares were sent sharply lower after news of an imminent strike at its operations in South Africa.

Standard Bank eyes sharper Africa focus

Helen Nyambura-Mwaura|Published

The new co-heads of Standard Bank have promised to sharpen the African focus of the continent's biggest lender.

Nedbank sees boost from retail customers

Helen Nyambura-Mwaura|Published

The Nedbank Group lifted its profit by double digits in 2012 - benefiting from a growing focus on millions of low-income retail customers.

Batho Bonke shareholders sell Absa stake

Helen Nyambura-Mwaura|Published

Batho Bonke Capital is in the process of disposing its shares in Absa Group - South Africa’s biggest retail bank.

Cell C targets rivals

Helen Nyambura-Mwaura|Published

Cell C is adding about 700 000 new subscribers a month after sharp price cuts to take market share from its rivals MTN and Vodacom.

JSE fires trading executive

Helen Nyambura-Mwaura|Published

The Johannesburg Stock Exchange has sacked the head of its equity derivatives trading business for irregular trading on his own account.