Bidvest shifts focus – Moneyweb

After successfully unbundling its food services business and listing it as Bid Corporation (Bidcorp) on the JSE, industrial conglomerate Bidvest Group is gunning for bolt-on acquisitions and further expansion into international markets. Dirk van Vlaanderen comments. view article

Woolies to cut food prices in tight year – Business Day

Upmarket food and clothing retailer Woolworths will focus on bringing its prices down in certain categories after it forecast another hellish year for consumers. While the company targets high-end consumers, even they are feeling the effects of a weaker rand and high interest rates. Simon Anderssen comments. view article

Sun International: risks and opportunities – Moneyweb

Sun International is two thirds of the way through a gigantic programme of global expansion, corporate renewal and portfolio streamlining. Positive results seem just around the corner, but a plethora of risks facing the business may cause further bumpiness along the road. Dirk van Vlaanderen comments. view article

Metair lifts revenue but Toyota launch hits profit – Bdlive

Metair, the battery and automotive component maker, grew revenue 13.7% to R4 billion for the six months to June, but the costs of supporting a new model launch by dominant customer Toyota halved profits in the period. Simon Anderssen comments. view article

Mpact: a mixed bag – Financial Mail

Mpact, the diversified JSE-listed packaging maker that was spun out of Mondi five years ago, posted mixed results in the six months to June. This came as a couple of dismal trading updates in past months spooked the market. Dirk van Vlaanderen comments. view article

Massmart slips back despite strong forecast – Bdlive

Massmart’s share price was hit by profit-taking after the retailer released an interim trading statement, in which it said earnings were expected to grow strongly despite a marked slowdown in the local economy. Dirk van Vlaanderen comments. view article

Old Mutual profit takes first dive in five year – Business Day

Old Mutual’s first half profits declined for the first time in five years, burned by significant once off items. Rand weakness relative to the first half of 2015 hurt profits but, even on a constant currency basis, pretax adjusted operating profits fell 9% to £708m for the six months to June. Justin Floor comments. view […]

Kumba: The Anglo shakeup –

If Anglo American doesn’t want to keep Kumba Iron Ore, why should any other investors want it? At Kumba’s interim results last week, outgoing CEO Norman Mbazima reiterated the reasons Anglo American CEO Mark Cutifani had previously given for selling Kumba, which related to the nature of the assets and the long-term fundamentals for iron […]

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