Massmart sees pressure from rate hike – Business Day
Walmart-owned Massmart yesterday said the recent interest rate hike seemed certain to make things more difficult for middle-income customers who were in a weak financial position. view article
BAT revenue grows 4% as market share improves – Business Day
Cigarette brands conglomerate British American Tobacco (BAT) has shown its pricing power prowess, managing a 4% hike in revenue to £15.3bn in the year to end-December despite a decline in volumes. view article
Non-SA stores boost Shoprite's earnings – Business Report
South Africa’s biggest food retailer, Shoprite, has pinned its hopes on its operations outside the country, as local consumers struggle with spiralling costs and competition among retailers is expected to heat up. view article
JD Group's financial nirvana still far off – Moneyweb
Judging from the JD Group’s interim results, the group has a very long road ahead of it before it reaches any kind of financial nirvana. view article
Discovery Insure set for profitability – Business Day
Financial services group Discovery’s short-term insurance division is on track to be profitable within two years, in contrast with other South African short-term insurers, which are under strain. view article http://jorgecanete.com/payday-loans-boise-id
Rand's recent rally unlikely to halt march of inflation – Business Day
THE rand’s rally against the dollar over the past few days is too small to halt soaring fuel prices or improve the inflation outlook, analysts told Business Day on Monday. view article
Woolies clients 'will feel rate hike most' – Business Report
Spending among resilient consumers in the higher income brackets could be hampered by possible further interest rate hikes, Woolworths chief executive Ian Moir said yesterday However, should this happen he said Woolworths, which has outperformed its competitors both in the clothing and food spaces, would be able to cope with the consequences. view article
Construction: slight signs of promise – Financial Mail
The JSE’s construction sector, which is trading at a large discount to in-favour industrial stocks, holds pockets of value and is expected to undergo a re-rating in the medium term. view article
Kumba negotiates for Sishen right – Business Day
Kumba Iron Ore is in talks with the Department of Minerals and Energy about conditions for securing a mining right over an unallocated stake in its flagship Sishen mine as it contemplates a future free of time-consuming legal battles. view article
Barclays 'on track after tough period' – Business Day
Barclays Africa Group’s share price surged more than 5% to an intraday high of R130.50 yesterday after the bank reported a 14% rise in earnings as it showed bad debt was under control and its retail division’s turnaround plan was gaining traction. CEO Maria Ramos said the group was on the right track after a […]
