Mail & Guardian
Mail & Guardian
janice kewlatest news & developments
The process of listing may delay the operation of the new bank
AFRICAN BANK INVESTMENTS LIMITED

African Bank receives offer for suspended preference shares

The holders of preference shares are at risk of losing their capital – but now there is an offer to acquire all of them.

  • Renee Bonorchis
  • Janice Kew
2 min read
?Output tumbled at Anglo American Platinum
ANGLO AMERICAN PLATINUM

The PIC favours platinum shares over gold

Despite tough times of late for South Africa’s platinum sector the Public Investment Corporation is betting on the precious metals’ comeback.

  • Franz Wild
3 min read
Richemont
EARNINGS PER SHARE

Richemont earnings growth ebbs on Chinese market slowdown

Richemont’s full year earnings have slowed in comparison with the last three years, as the Chinese government cracked down on spending by officials.

  • Janice Kew
1 min read
Pick n Pay chief executive Richard Brasher
JANICE KEW

Pick n Pay to boost fresh goods sales as 100 new stores open

Pick n Pay is seeking to claw back market share with a focus on improving its fresh produce offering.

  • Janice Kew
3 min read
A Makro store
JANICE KEW

Massmart shares up as it anticipates an earnings gain

While other retailers battle with slow growth, Massmart has announced its earnings gained as much as 37% last year.

  • Franz Wild
1 min read
Shoprite Holdings
BANKING ASSOCIATION OF SOUTH AFRICA

South African business to close for Mandela’s funeral

Enterprises ranging from retailers to mines and bank headquarters will close for the former president’s funeral.

  • Jaco Visser
  • Andre Janse Van Vuuren
  • Franz Wild
1 min read
A man walks past the headquarters of Adcock Ingram in Johannesburg.
JANICE KEW

Adcock’s biggest shareholder said to seek higher cash offer

Adcock’s largest shareholder is looking for an all-cash offer of up to R74 a share in the takeover being battled out between Bidvest and Chile’s CFR.

  • Franz Wild
  • Janice Kew
1 min read
Generic medicine produced locally are the cornerstone of affordable healthcare.
ADCOCK INGRAM

Adcock suspends its dividend as purchase talks with CFR go on

Rising import costs led to decreased profits and margins at Adcock, which has suspended its dividend while takeover talks with CFR continue.

  • Franz Wild
1 min read
South African based Adcock Ingram needs to diversify and to expand into new markets. (David Harrison)
ADCOCK INGRAM

PIC still mulling Adcock’s $1.3bn CFR deal

The pharmaceutical company Adcock’s biggest shareholder PIC says it has not yet made a decision about whether to support the takeover of CFR.

  • Chris Spillane
  • Franz Wild
2 min read
Pick n Pay shares rallied the most since 2008 with its interim results announcement on Tuesday. (David Harrison, M&G)
INTERIM FINANCIAL RESULTS

Pick n Pay shares gain most since 2008 as first-half profit rises

Markets have responded positively to Pick n Pay’s announcement that it has reduced costs and slowed down market share decline.

  • Franz Wild
2 min read
Edcon, the holding company of fashion retailers such as Edgars, Truworths and Red Square, saw first-quarter losses soar. (Supplied)
CNA

Edcon losses rise as store remodeling disrupts sales

Clothing retailer Edcon has posted a first-quarter loss in excess of R700mn as a result of operational disruptions and falling sales.

  • Franz Wild
2 min read
The key drivers of price growth in July were food and non-alcoholic beverages (up 5.7% and contributing 1.0 percentage points). Photo: Supplied
JANICE KEW

Shoprite’s growth slows on weaker consumer spending

Shoprite has reported profit that matched estimates as growing pressure on consumers’ disposable income held back sales in its domestic market.

  • Franz Wild
1 min read
JANICE KEW

JSE flat, but better than expected

The JSE Securities Exchange South Africa (JSE) was essentially flat in early trade on Thursday, despite indications that it would open significantly down on the US market’s drop…

  • Staff Reporter
3 min read
JANICE KEW

Absa joins BP in cashless refueling scheme

The advancement towards a cashless society took another step forward on Tuesday when petroleum giant BP, in partnership with Absa Bank, announced the introduction of an automated…

  • Staff Reporter
2 min read
JANICE KEW

JSE stumbles over stronger rand

The JSE Securities Exchange South Africa (JSE) continued to be pummeled by a considerably stronger local currency and global markets, which were down overnight. Gold stocks, by…

  • Staff Reporter
3 min read
JANICE KEW

JSE opens flat in thin trade

The JSE Securities Exchange SA opened a tad firmer on Tuesday in quiet trade. Gold stocks opened flat after posting big losses on Monday. With the US markets closed on Monday and…

  • Staff Reporter
3 min read
JANICE KEW

World Cup Cricket mania may support rand

Controversy over the Zimbabwean and Kenyan 2003 World Cup Cricket matches has stolen the limelight in the build-up to event. Yet, economists believe the CWC will have a positive…

  • Staff Reporter
3 min read
JANICE KEW

Resources, gold bolster JSE volumes

The JSE Securities Exchange South Africa (JSE) was seeing better volumes early on Wednesday with market interest in resources and gold on the back of a weaker rand and stronger…

  • Staff Reporter
1 min read
JANICE KEW

Sale of Johnnic media assets ‘speculation’

Speculation over whether Johnnic Holdings (JNC) may dispose of its media assets continues to make the rounds, but the group’s chief operating officer, Jacob Modise, says it is…

  • Staff Reporter
2 min read
JANICE KEW

JSE ends up helped by gold

The JSE Securities Exchange ended the week in the black, regaining ground in the afternoon session. Better volumes were traded than on Thursday and the bourse was helped on by…

  • Staff Reporter
2 min read