Business & Financial News

South Africa trims rate hikes as power cuts slash growth prospects

  • January 26, 2023 05:41 PM SAST | Reuters
 South Africa trims rate hikes as power cuts slash growth prospects

287 * Central bank raises interest rates by 25 bps * Hike smaller than expectations of 50-bp rise * 2023 economic growth forecast cut to 0.3% (Adds detail, context, analyst) By Bhargav Acharya, Kopano

Read More...

S.Africa retailer Truworths expects higher profit as sales jump

S.Africa retailer Truworths expects higher profit as sales jump

  • January 26, 2023 01:27 PM SAST | Reuters

JOHANNESBURG, Jan 26 (Reuters) - South African fashion retailer Truworths on Thursday forecast half-year profit growth of up to 11% on bumper sales over Black Friday in November and Christmas even as

Read More...
S.Africa's AVI says price hikes boost sales, but profits flat

S.Africa's AVI says price hikes boost sales, but profits flat

  • January 26, 2023 12:47 PM SAST | Reuters

JOHANNESBURG, Jan 26 (Reuters) - AVI Ltd posted half year sales growth of 7.2% on Thursday, as the South African food producer and fashion retailer lifted prices to offset input cost pressures, but

Read More...
Avi Ltd Sees HY Consolidated HEPS To Increase By Between 0% And 1%

Avi Ltd Sees HY Consolidated HEPS To Increase By Between 0% And 1%

  • January 26, 2023 10:34 AM SAST | Reuters

Jan 26 (Reuters) - Avi Ltd: * JSE: AVI - TRADING STATEMENT AND UPDATE FOR THE SIX MONTHS ENDED 31 DECEMBER 2022 * AVI LTD - HY GROUP REVENUE INCREASED BY 7.2% OVER SAME PERIOD LAST YEAR * AVI LTD -

Read More...
Eskom's debt plan raises hopes for investors facing long wait for relief

Eskom's debt plan raises hopes for investors facing long wait for relief

  • January 26, 2023 09:00 AM SAST | Reuters

* Investors see state taking on up to 2/3rds of Eskom debt * Details of timeline, size and mechanics of debt swap unclear * Eskom's international bonds on steady climb since start of 2023 By Rachel

Read More...
Outsurance Group Expects HY NEPS From Cont. & Discont. Ops To Be Over 25.1 Cents

Outsurance Group Expects HY NEPS From Cont. & Discont. Ops To Be Over 25.1 Cents

  • January 26, 2023 08:13 AM SAST | Reuters

Jan 26 (Reuters) - OUTsurance Group Ltd: * JSE: OUT - VOLUNTARY TRADING UPDATE FOR OUTSURANCE HOLDINGS AND TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2022 * OUTSURANCE GROUP LTD - HY

Read More...
Truworths International Expects 26-Week HEPS In Range Of 485-498 Cents

Truworths International Expects 26-Week HEPS In Range Of 485-498 Cents

  • January 26, 2023 07:43 AM SAST | Reuters

Jan 26 (Reuters) - Truworths International Ltd: * JSE: TRU - BUSINESS UPDATE AND VOLUNTARY TRADING STATEMENT FOR THE 26-WEEK PERIOD ENDED 1 JANUARY 2023 * TRUWORTHS INTERNATIONAL LTD- GROUP RETAIL

Read More...
Truworths International Expects HEPS For 26 Weeks Ended Dec 2022 To Be 485 TO 498 Cents

Truworths International Expects HEPS For 26 Weeks Ended Dec 2022 To Be 485 TO 498 Cents

  • January 26, 2023 07:42 AM SAST | Reuters

Jan 26 (Reuters) - Truworths International Ltd: * JSE: TRU - BUSINESS UPDATE AND VOLUNTARY TRADING STATEMENT FOR THE 26-WEEK PERIOD ENDED 1 JANUARY 2023 * TRUWORTHS INTERNATIONAL LTD- GROUP RETAIL

Read More...
Eoh Holdings Says Foord Holds In Aggregate 3.04% Of Co's Ordinary Shares In Issue

Eoh Holdings Says Foord Holds In Aggregate 3.04% Of Co's Ordinary Shares In Issue

  • January 25, 2023 11:35 PM SAST | Reuters

Jan 25 (Reuters) - Eoh Holdings Ltd: * EOH HOLDINGS - FOORD, ON BEHALF OF ITS CLIENTS, NOW HOLD IN AGGREGATE 3.04% OF EOH'S ORDINARY SHARES IN ISSUE * JSE: EOHN - EOH - TRP121: NOTIFICATION OF A

Read More...
Conduit Capital Protea Asset Management Holds 8.4% In Beneficial Interest In Securities Of Co

Conduit Capital Protea Asset Management Holds 8.4% In Beneficial Interest In Securities Of Co

  • January 25, 2023 10:41 PM SAST | Reuters

Jan 25 (Reuters) - Conduit Capital Ltd: * JSE: CND - DISCLOSURE OF BENEFICIAL INTEREST IN SECURITIES * CONDUIT CAPITAL LTD - PROTEA ASSET MANAGEMENT LLC NOW HOLDS 8.4% IN CO Source text for Eikon:

Read More...
South African rand flat; investors await rate decision

South African rand flat; investors await rate decision

  • January 25, 2023 06:55 PM SAST | Reuters

(Updates to reflect afternoon trade) JOHANNESBURG, Jan 25 (Reuters) - The South African rand was little changed on Wednesday as investors awaited an interest rate decision on Thursday. At 1640 GMT,

Read More...
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK