The furniture retailer's balance sheet was burdened by climbing bad loans and restructuring within the group.
The struggling retailer's shares rose on news that it had found a buyer for its loan book, allowing it to focus on its retailing and product range.
Despite tough times of late for South Africa's platinum sector the Public Investment Corporation is betting on the precious metals' comeback.
Despite a slow economy, the clothing retailer has seen its loss narrow by some R200-million as refurbished shops draw consumers back in.
The company stock dropped 4.7% after a share sale to institutional investors to generate cash for investment opportunities.
The clothing retailer looks to bolster sales by enabling pressurized consumers to buy more on credit.
Mediclinic International has seen an increase in full-year profit as more patients have visited its hospitals and spent more money per visit.
Financial pressure on consumers and tough competition has seen the retailer's food sales suffer in the first half of 2014.
Richemont's full year earnings have slowed in comparison with the last three years, as the Chinese government cracked down on spending by officials.
Despite weak consumer spending, Clicks Group has forecast higher earnings per share as it plans to open 25 new stores.