Discovery results send shares to record – Business Day
Shares in Discovery accelerated more than 3% to a new record high of R68.50 yesterday following the release of a solid set of results and news that the company had invested a further 82.2-million renminbi, about R116m, in China’s Ping An for an additional 5% stake. view article
Transpaco 'defies tough market' – Business Day
Transpaco, a manufacturing and distribution company operating in the plastic and packaging industries, says it continued to deliver “satisfactory” results despite a “still challenging economic environment” in the six months ended December. view article
Murray Roberts 'back in black' – Business Day
Murray and Roberts will report a return to profit when it releases its interim results for the six months ended December next Thursday, it said in a trading update yesterday. view article
Mondi lifts cash generation in 'excellent' results – Business Day
Despite a weak economic environment, packaging and paper group Mondi managed to boost cash generation and pay a dividend 8% higher for the year ended December. But the group reported a 12% decline in basic earnings to 50.5 euro cents, from 57.5c a year ago. view article
High costs peck away at Rainbow earnings – Business Report
Rainbow Chicken’s headline earnings plummeted in the six months to December last year a period the firm described as the toughest in its history. view article
BHP racing to bring $22bn projects into production – Business Day
Resources mining giant, BHP Billiton was aiming to bring most of its $22bn project pipeline into production within three years, departing CEO Marius Kloppers said at its interim results presentation in Melbourne yesterday. view article
Shoprite defies odds to achieve growth – Business Report
Shoprite had achieved growth under trying conditions and managed to increase its trading profits and its market share, the group’s chief executive, Whitey Basson, said yesterday. view article
So-so, maar steeds grootste – Sake 24
Ten spyte van die enorme druk op kleinhandelaars brei “Afrika se grootste” steeds uit en verower by nog markaandeel in Suid-Afrika. Die omset van die Shopritegroep se plaaslike supermarkte het in die ses maande tot einde Desember met 11,5% toegeneem. view article
Shoprite aims to keep top retailer spot – Business Day
Shoprite will fight hard to maintain its “number one” position as intense price competition among SA’s major chains and pressures such as electricity and fuel price escalations persist, CEO Whitey Basson said yesterday. view article
Traders' Alley: Nampak – Finweek
Kagiso Asset Management says that despite some major challenges facing the local and international packaging sectors, certain JSE-listed players present compelling investment cases. view article
