Restructure gives Adcock profit a boost – Business Day

Pharmaceutical group Adcock Ingram has managed to turn its rest of Africa operations profitable, contributing to a tripling of after-tax profit in the year to end-June. The group grew overall revenue by 7% to R5.96 billion and after-tax profit was up 213% to R561 million in the year to end-June. Aslam Dalvi comments. view article

Bidcorp off to a blistering start – Business Day

Bidcorp’s maiden full-year results show the company got off to a blistering start as a JSE-listed entity. The company, which was spun out of Bidvest in May 2016, reported a near double-digit rise in earnings despite difficult trading conditions in some key operations.  Dirk van Vlaanderen comments. view article

Massmart sticks to expansion strategy – Business Day

Massmart says it has not given up on Africa and will continue to invest in its business on the continent. CEO Guy Hayward said that despite the challenges faced by most African economies, there were signs the tide could yet change for the better. In the period under review, Massmart’s total sales were R42.5 billion, […]

Battle of the PGM belt – Financial Mail

Platinum mining companies are having to take painful decisions to make operations resilient in the face of low prices, regulatory uncertainty, labour and community protests and an unclear demand outlook.  Abdul Davids comments. view article

Hulamin sets example for ailing steel industry – Business Day

As SA’s steel industry appears to be going into terminal decline, the aluminium market has been looking up. The pride of South African aluminium production, Hulamin, has just reported strong interim results to June 2017, despite a stronger rand. Abdul Davids comments. view article

Future looks bright for Mondi – Business Day

Higher prices for Mondi’s products underpin a positive outlook for the international packaging, paper and pulp manufacturer after it reported a robust performance in the first half of 2017. Revenue rose 8% to €3.6 billion in the six months from the same period in 2016. But underlying operating profit of €497 million came off €32 […]

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