Basil Read: Shares get boost after profit forecast

Nompumelelo Magwaza|Published

Construction company Basil Read’s shares got a boost yesterday after the group forecast a return to profit this year after plunging to a loss last year.

Shoprite: New era for 78-year-old trolleys

Nompumelelo Magwaza|Published

Food retailer Shoprite has launched a shopping trolley with Global Positioning System to direct consumers fast and effectively and also to alert them to discounted ...

Telkom: Offer taken directly to affected staff

Nompumelelo Magwaza|Published

Telkom has offered voluntary severance and voluntary early retirement packages to Communication Workers Union members after talks between the company and union reached ...

Novus shares soar on JSE debut

Nompumelelo Magwaza|Published

Novus Holdings made its debut on the JSE yesterday and its share price almost doubled in value.

Astrapak: East Rand Plastic sold for R77. 5m

Nompumelelo Magwaza|Published

Packing and plastic firm Astrapak has sold its East Rand Plastic business to another packaging group, Transpaco, for R77. 5 million.

Curro Holdings: R740m rights offer to raise capital

Nompumelelo Magwaza|Published

Curro Holdings planned to raise about R740 million through a rights offer issue of 29 million new ordinary shares at R25 apiece, the company said yesterday.

Petrol, water prices pressure inflation

Nompumelelo Magwaza|Published

SA inflation is expected to hit at least six percent by the end of the year as the prices of petrol, electricity and water rise, say economists.

Exxaro’s new boss knows the industry very well

Nompumelelo Magwaza|Published

Mxolisi Mgojo, the newly appointed chief executive of Exxaro, will fit comfortably in the shoes of one of the most respected man in the corporate world, Sipho Nkosi, ...

AfriSam, PPC halt talks on merger

Nompumelelo Magwaza|Published

PPC and AfriSam halted their talks after they could not reach consensus on the terms of a merger, both the companies said on Friday.

CWU threatens Telkom with strike, wants boss removed

Nompumelelo Magwaza|Published

The Communication Workers Union has called for the removal of Telkom chief executive Sipho Maseko and threatened to hold “a mother of all strikes” which would shutdown ...

Purple: Revenue rises amid strategy revamp

Nompumelelo Magwaza|Published

Asset management company Purple has reported an increase of 28 percent in revenue to R62. 6 million and a 94 percent hike in its after tax profit of R16. 3m for ...

Afrimat: Firm expects higher earnings

Nompumelelo Magwaza|Published

Listed open-pit mining and material company Afrimat has announced that the company’s basic earnings a share for the year was expected to be between 124. 5c and 135. ...

Cognition Holdings: Revenue slides on transition

Nompumelelo Magwaza|Published

Cognition Holdings, reported a 1. 31 percent decline in revenue to R62. 4 million as a result of the group’s transition from being listed on the Altx board to the ...

Jubilee Platinum: Middleburg plant a star performer

Nompumelelo Magwaza|Published

Jubilee Platinum achieved revenue in growth supported by the improved performances from the Middleburg smelter and power plant while further reducing overhead expenditure, ...

Uptick in durable retailer sales

Nompumelelo Magwaza|Published

Retailers of furniture, household appliances, electronic goods and hardware saw an uptick in sales growth over the past six months, despite the decline in unsecured ...

Formal sector salaries soar

Nompumelelo Magwaza|Published

South Africans working in the formal sector experienced a substantial increase in their salaries in February, a 4. 8 percent real growth since October.

Credit set to decline as law on lending becomes stricter

Nompumelelo Magwaza|Published

Debt Busters, one of the country’s largest debt management companies, has projected a drastic decline in the amount of credit granted, specifically by retailers ...

Randgold in the black after cutting costs

Nompumelelo Magwaza|Published

The exploration and mining investment company, Randgold & Exploration, said yesterday that it had spent the financial year to December last year focusing on reducing ...

Cognition Holdings acquires major stake in BMi Sport

Nompumelelo Magwaza|Published

Cognition Holdings, formerly known as FoneWorx Holdings, has acquired 63 percent of BMi Sport Group for an undisclosed sum.

Raubex: Rise in earnings per share expected

Nompumelelo Magwaza|Published

The listed road construction and rehabilitation firm Raubex Group expected its earnings a share and headline earnings a share for the year ended February to be between ...

Stenströms, Monatic deal to create jobs

Nompumelelo Magwaza|Published

A Swedish fashion label, Stenstroms, has partnered with the South African fashion group, House of Monatic, to manufacture shirts and blouses locally for Stuttafords ...

HomeChoice targets Africa’s middle class

Nompumelelo Magwaza|Published

Direct marketing retailer HomeChoice seems to be making headway with its plans to grow business in Africa with plans to open its Pan-African office in Mauritius ...

Sun in R9. 4bn offer for casino group Peermont

Nompumelelo Magwaza|Published

Hotel chain Sun International plans to buy out casino resort group Peermont for R9. 4 billion in line with the group’s strategy to enhance its existing portfolio ...

SA suspends citrus exports to Spain over black spot dispute

Nompumelelo Magwaza|Published

The Citrus Growers Association (CGA) has decided to suspend citrus exports to Spain until it is satisfied about testing for the citrus exports for black spot fungus ...

Spotlight on consumers as retail data disappoint

Nompumelelo Magwaza|Published

The sullen state of South African consumers was again cast into the spotlight yesterday as the latest retail sales figures for January came in weaker than expected, ...