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News Archive: 2018

News archive

18 October 2018

Pick n Pay back in the cash – Business Day

The company will fully settle its long-term debts at the end of October and CEO Richard Brasher has no immediate plans to take on more. Simon Anderssen comments.
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18 October 2018

Clover logs first loss in a decade – Business Live

CEO hails ‘exceptional improvement’ in performance despite write-off of loan facility to unbundled subsidiary Dairy Farmers of SA. Dirk van Vlaanderen comments.
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18 October 2018

Storm clouds gathering for SA consumers – Fin24

Storm clouds are gathering and are about to burst for consumers, economists warned, after poor GDP data released this week confirmed that South Africa was in a technical recession. Abdul Davids comments.
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3 October 2018

Redefining online retail – Finweek

Through its strategic partnerships, world-class logistics and continuous innovation, JD.com has rapidly grown into one of the world’s largest retailers, writes Sarah le Roux.
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3 October 2018

BAT still breathing easily – Financial Mail

Though it is depends on product that carries health warnings, BAT appears to be a safe investment for a while yet. Dirk van Vlaanderen  comments.
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3 October 2018

BAT still upbeat on alternative smoking gadgets – Business Day

Cigarette giant British American Tobacco (BAT) believes revenue from its new-generation products (NGPs) will still top £1bn (R17.4 billion) in revenue in the year to end-December 2018 despite a sales growth slowdown. Dirk van Vlaanderen  comments.
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3 October 2018

Anglo American launches $3.5 billion Quellaveco copper mine – Business Day

Anglo American has launched a $5.3bn copper project in Peru and is drawing on its experiences at the troubled Minas Rio iron ore mine in Brazil to avoid repeating costly mistakes. Abdul Davids comments.
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3 October 2018

AECI seeks bigger Africa presence – Business Day

AECI reported that its revenues grew by 24% to R10.5 billion in the six months ended June, while headline earnings rose 19% to R483 million. Aslam Dalvi comments.
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3 October 2018

Why S&P is upbeat on PPC – Moneyweb

The cement maker’s improved liquidity position and rest of Africa earning potential impresses the ratings agency. Meyrick Barker comments.
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16 July 2018

Congolese factory adds to PPC's burden – Business Day

PPC’s joint venture factory in the Democratic Republic of Congo has been a big drag on group results for the year ended March 2018, making up nearly half the company’s losses. Meyrick Barker comments.

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16 July 2018

Basil Read forced into business rescue – Business Day

Basil Read, one of seven major construction and engineering groups that has agreed with the government to speed transformation by selling assets or mentoring black contractors, has been placed in business rescue, amid a crunch in cash-flows. Meyrick Barker comments.

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16 July 2018

Nampak builds base in preparation for higher African growth – Business Day

By not declaring a dividend in the six months to March 2018, Nampak is hedging its bets amid improving business confidence and higher economic growth forecasts — both for SA and the continent. Dirk van Vlaanderen comments.

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24 April 2018

Naked Insurance strips out underwriting profit – Business Day

Naked Insurance, a Hollard-backed start-up, has become SA’s first operative insurer to relinquish underwriting profits through a business model that co-founder Alex Thomson says solves the “conflict of interest” inherent in insurance firms. Justin Floor comments.

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24 April 2018

A bright light at Eskom – Financial Mail

There is a least one pocket of excellence left in the Eskom group and that is the Eskom Pension & Provident Fund. Abdul Davids comments.

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24 April 2018

BAT still glowing for investors – Business Day

Cigarette group has produced the goods over the years but there may be bumps ahead, writes Marc Hasenfuss. Dirk van Vlaanderen comments.

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23 April 2018

Munro expects big things from Liberty – Business Day

Liberty CE David Munro launched straight into a turnaround-strategy speech at Friday’s results, assuring investors the insurer had “all the ingredients for success” as it reported its second consecutive double-digit drop in full-year earnings. Justin Floor comments.

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23 April 2018

Not on fire, but still smoking – Business Day

From a local perspective one might argue that the strong(er) rand environment is muting market enthusiasm for British American Tobacco. Dirk van Vlaanderen comments.

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23 April 2018

AECI to build on solid performance – Business Day

AECI has mainly shrugged off drought and SA’s disastrous mining impasse to deliver a “more than pleasing” result for the year ended December 2017. Aslam Davids comments.
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23 April 2018

Dividend fails to light up BAT – Business Day

Cigarette giant British American Tobacco (BAT) failed to ignite market sentiment despite dividends for the year to end-December increasing 15% to £1.95 a share and a blazing outlook for the group’s new products for smokers. Dirk van Vlaanderen comments.
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23 April 2018

Market approves of Massmart results – Business Day

Retail and wholesale group Massmart’s share price surged almost 9% after the group delivered a surprisingly satisfactory set of annual financial results despite battling weak consumer confidence. Dirk van Vlaanderen comments.
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23 April 2018

Adcock considers expansion to mitigate risks – Business Day

Pharmaceutical company Adcock Ingram is considering exports to the Asia-Pacific and South America as it looks to build its international business. Aslam Davids comments.
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23 April 2018

Miners' mixed blessing – Financial Mail

Gold miners have mixed feelings about the presidency of Cyril Ramaphosa. It could usher in a more investor-friendly mining regime, but at the same time, hopes that SA will be better managed have caused the rand to strengthen. Mandi Dungwa comments.
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23 April 2018

Imperial's unbundling will depend on results – Business Day

Imperial Holdings posted “solid” results for the six months ended December 2017, as talk of unbundling its Motus integrated motor vehicle group from its logistics arm came into focus. Abdul Davids comments.
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23 April 2018

Discovery offer aid in public health – Business Day

For the six months to December, normalised operating profit rose 19% to R4bn on strong growth from established and new businesses. Discovery’s emerging businesses, Discovery Insure, Vitality Group and Ping An Health, swung from a R130m loss in the previous comparable period to a R66m profit. It is the first time that all three posted profit. Justin Floor comments.
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23 April 2018

Time to 'look at' Sasol US bet – Business Day

Sasol seemed on track for a strong 2018 financial year,  after the petrochemicals group said first-half earnings could rise 17%. The company said headline earnings per share for the six months to December were expected to be 12%-17% higher than the previous year’s. Abdul Davids comments.
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