Famous Brands, which owns chains such as Wimpy and Mugg & Bean, have risen the most in two weeks after buying a 49% stake in a Nigerian food company.
South Africa has sold $2-billion of 12-year bonds in overseas debt markets after boosting the size of the offering.
Discovery stock fell more today than in the past four and a half years on expectations of an up to 10% decrease in profit on the year.
Food retailers are trading at the cheapest premium to the nation’s benchmark stocks index as economic factors curb their profit growth.
The Johannesburg stock exchange has started discussions with contractors to begin building a co-location service that will speed up trading.
A looming bond default following the liquidation of the engineering company will impact on a number other entities.
The rand strengthened, ending its longest quarterly losing streak in almost 12 years, as exporters converted earnings from abroad.
South Africa’s platinum-mining stock gauge is headed for the lowest level in more than seven years.
Litha Healthcare Group, the worst performer on South Africa’s small-cap index this year, will not pay dividends for 2013.
South African gold-mining stocks surged to a four-year high as the nation’s currency plummeted and pushed the rand-price of gold higher.