PSG Insure continues to be PSG Konsult division’s star performer

Sandile Mchunu|Published

JSE-listed financial services group PSG Konsult?s insurance division continued to be the group's star performer.

Mondi's earnings slip due to slow demand and lower prices

Sandile Mchunu|Published

Packaging and paper group Mondi's third quarter earnings to end September have declined, due to slow demand and lower prices for its products.

Vunani shares leap despite set of weak results

Sandile Mchunu|Published

Financial services group Vunani's share price leapt more than 16percent on the JSE yesterday.

EOH shares dive as it warns of massive losses

Sandile Mchunu|Published

Last year, the group reported earnings per share from continuing operations of 202c. A loss of 2073c was reported in the six months to January.

Comair takes off on the JSE after boosting earnings by 184%

Sandile Mchunu|Published

Comair shot up more than 7percent on the JSE yesterday after the low-cost airliner boosted its earnings 184 percent for the year to end June.

Rhodes Food falls more than 6% on JSE in spite of high group turnover

Sandile Mchunu|Published

The group attributed increases to higher volumes, a favourable shift in mix towards higher value-add products and the 9. 7% depreciation of the rand.

Naspers loses 25 percent of Prosus, shareprice nosedives

Sandile Mchunu|Published

Naspers tumbled more than 30?percent on the JSE after the South African media giant listed its valued assets on the Amsterdam Stock Exchange.

Prosus listing expected to reduce Naspers weighting on the JSE to 15%

Sandile Mchunu|Published

Naspers is expected to drop to about 15?percent of the JSE?s equities benchmark from its current weighting of 21?percent.

Shoprite falls 9%, tanking with other retail stocks as weak spending slices net profit

Sandile Mchunu|Published

The constrained South Africa consumer has become especially elastic with respect to demand, seeking specials and sales to be enthused to shop.

Sasol tanks as it postpones release of results due to Lake Charles weaknesses

Sandile Mchunu|Published

The group was expected to release its annual results today, but has shifted the publication date to September 19.

Absa's push to regain its former market reaps rewards

Sandile Mchunu|Published

Since its separation from the UK?s Barclays the group has announced an interim profit growth of 3?percent.

Standard Bank Group's expansion across Africa pays off well

Sandile Mchunu|Published

Earlier in the week, its competitor Nedbank reported a 2. 6?percent growth in headline earnings for the six months to end June.

Nedbank CEO issues strong warning to government as SA runs out of time, money

Sandile Mchunu|Published

Government?s progress on structural reforms and policy certainty remain far too slow, warns Nedbank chief executive Mike Brown.

Battered EOH buffs up with Fatima Newman as new chief risk officer

Sandile Mchunu|Published

JSE-listed EOH Holdings has bolstered its executive team by appointing Fatima Newman as its chief risk officer and executive director.

EOH share price sinks to three-month low as governance concerns squeeze tech firm

Sandile Mchunu|Published

EOH share price dropped more than 8 percent after the group said it remained under pressure due to concerns around the company?s governance.

Pick n Pay reaps the rewards of its 6-year cost-reduction strategy

Sandile Mchunu|Published

Pick n Pay reported strong results on Friday as the JSE-listed retailer reaped the rewards of its strategy over the past six years to reduce costs.

Capitec and Curro Holdings boost PSG Group recurring earnings

Sandile Mchunu|Published

As a result, recurring earnings per share increased to R10. 86 a share, up from R9. 94 compared with last year.

Better deal for Shoprite shareholders

Sandile Mchunu|Published

Tripartite agreement advances bid to align group with international best corporate practices momentum

Steinhoff shares drop as publication of results delayed again

Sandile Mchunu|Published

The trouble retailer had anticipated publishing the results in mid-April, but it has delayed them to May 7.

MMI Holdings sets its sights on R4bn in headline earnings by 2021

Sandile Mchunu|Published

MMI Holdings is targeting between R3. 6 billion and R4bn profits by 2021, up from the R1. 62bn the group achieved in the six months to end December.

Low earnings growth bitter pill for Aspen

Sandile Mchunu|Published

Balance sheet issues cloud market's near-term view, which puts pressure on share price, says portfolio manager

Renergen lands $40m loan for its Virginia gas field project

Sandile Mchunu|Published

Renergen chief said Opic?s funding support was a significant recognition of the importance of alternative and cleaner energy sources in the world.

Shoprite in bid to cut ties with Christo Wiese

Sandile Mchunu|Published

Shoprite has entered into exclusive in-principle discussions with its chairperson Christo Wiese to purchase his deferred shares.

Sasol brushes aside delays, costs as core earnings per share rise 18%

Sandile Mchunu|Published

Sasol said it had revised its cost estimate at LCCP to $11. 6?billion and $11. 8bn from $11. 3bn, and said the start-up would be delayed by five months.

Organic growth and acquisitions spurs Curro Holdings to first dividend declaration

Sandile Mchunu|Published

The group reported a 23?percent increase in headline earnings from continuing operations to R248?million.