Lynn Bolin
Guest Author
No image available
/ 22 November 2004

SAB to invest R5bn to underpin SA growth

South African Breweries, the South African arm of global brewing giant SABMiller (SAB), has confirmed that it will invest R5-billion in its South African operation over the next five years to expand capacity and to improve its ability to meet changing consumer needs locally, underpinning the company’s strong growth prospects.

No image available
/ 11 November 2004

Nedcor confirms earnings forecast

South Africa’s largest commercial banking group, Nedcor, has confirmed its previous earnings forecasts for the financial year to the end of December, saying on Thursday it expects its headline earnings per share (excluding translation gains or losses) to be between 6% and 19% lower than the 502 cents per share reported in 2003.

No image available
/ 10 November 2004

Edcon headline earnings per share up 88%

Listed retailer Edgars Consolidated Stores (Edcon) has reported an 88% rise in its headline earnings per share for the six months to the end of September 2004 to 968 cents, from 516 cents a year earlier. The group doubled its interim dividend while maintaining two times earnings cover, to 494 cents per share from 247 cents in 2003.

No image available
/ 2 November 2004

Last week for Metcash to trade on JSE

Friday November 5 marks the last day of trading of shares in Metro Cash & Carry (Metcash) as such on the JSE Securities Exchange (JSE), following the buyout of the company’s African and South African operations by a consortium of Metcash management, a black empowerment consortium and associates.

No image available
/ 28 October 2004

Shoprite reports improved turnover

Food retailer Shoprite Holdings is expecting an "exciting" and much-improved second half of 2004 compared with the same period in 2003, with its turnover in the three months from July to September rising by 9,3% on a like-for-like basis, continuing the upward sales trend it experienced in the latter part of its financial year to the end of June 2004.

No image available
/ 27 October 2004

De Beers sells mine in BEE deal

De Beers Consolidated Mines (DBCM), the South African division of global diamond giant De Beers, has concluded the sale of Dancarl Diamonds, a mine in the Northern Cape, to a black-owned partnership consisting of Sedibeng Mining and Meepong, a women’s grouping, together with Australia’s Crown Diamonds NL.

No image available
/ 21 October 2004

Small SA pharmacies ‘will soon be extinct’

Small retail pharmacies will soon be extinct in South Africa unless new regulations governing medicine pricing and dispensing margins are changed, according to the group leader of listed health and beauty retailer New Clicks Holdings, Trevor Honneysett. He also said the legislation has not succeeded in reducing medicine prices.

No image available
/ 21 October 2004

Clicks has faith in pharmacy model

Health and beauty retailer New Clicks Holdings is confident that its model for including pharmacy dispensaries and related health services across its Clicks chain of stores will prove profitable, even if the current regulations fixing dispensing fees and establishing single exit prices for medicines prove to be permanent.