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.
Telkom says it has appointed former Absa group financial director Jacques Schindehutte as its new chief financial officer and director.
The all-share index has been buoyed by resources, but there is no hiding the carnage.
Stocks were slightly lower at noon on Tuesday with banks dominating the loser board on inflation worries, but miners capped losses on a weaker rand and firm metal prices, traders…
South African furniture retailer JD Group said on Monday profit attributable to shareholders fell to R138-million in the six months to end-February due to tighter consumer…
Positive sentiment flowing through from world markets and a boost from the platinum mining sector helped support the JSE on Tuesday. Speculation that mines could return to…
The JSE was sharply higher by noon on Friday as gains among mining and resource stocks added some cheer. At noon, the JSE’s all-share index rose 1,12% as the gold mining index…
The JSE remained weak at midday on Monday, in line with overseas markets as the troubled US subprime housing market continues to unsettle investors worldwide. At noon, the JSE’s…
Good buying interest was seen across the board on the JSE on Thursday and by midday the all-share index was up 224 points, with one trader speculating that it could close above…
The JSE was steady at midday on Wednesday, unmoved by the release of local CPI and CPIX data which was in line with market expectations. By noon, the JSE’s all-share index had…
The JSE all-share index gave up earlier gains of just over 0,5%, trading at just 0,21% in the black shortly before midday on Friday. "It hasn’t been an exciting day, we are up…
The JSE all-share index held onto its gains at midday on Tuesday, with the resource index shining brightly — underpinned by good buying interest in resource stocks Anglo American…
