No dividend payout by Sun International – Business Day
Gaming giant Sun International released results which that the group, which has changed its financial year-end to December, finished the six months to end December 2016 with borrowings of R14.5 billion. This was R455 million more than at the end of June 2016. Dirk van Vlaanderen comments. view article
Barclays Africa debt sale misses target – Moneyweb
Barclays Africa Group sold less than half its target in a bond auction as a wall of debt issuance by South African banks and the impending exit of its UK parent, Barclays Plc, damped demand. Gavin Wood comments. view article
Emerging market growth lifts Sanlam – Business Day
Insurance group Sanlam outperformed peers in a tough domestic economy, posting double-digit earnings growth in its businesses both inside and outside SA, its 2016 financial results showed. Justin Floor comments. view article
AECI weathers headwinds and drought – Business Day
Chemicals and explosives group AECI saw profits in the year to December 2016 hit by negligible growth in South African manufacturing and drought in the regional agriculture sector. Aslam Dalvi comments. view article
Severe drought bites Clover – Moneyweb
It has been a testing time for Clover Industries, with the dairy products producer attempting to fend off the pain from severe drought conditions and consumers that are battling to afford rising food prices. So tough has the operating environment been for Clover that it increased the price of its dairy products by 10.6% to […]
