Tsogo Sun hikes payout – Bdlive
Gaming and hotels group Tsogo Sun, which is controlled by empowerment conglomerate Hosken Consolidated Investments (HCI), hiked its interim dividend 10% to 34c per share despite adjusted headline earnings for the six months to end-September being static at 88c per share. Dirk van Vlaanderen comments. view article
High-spirited Spar has a big year – Business Day
Spar Group has reported a 12% surge in full year operating profit, largely defying the malaise in the local retail sector and the Brexit -inspired dip in Europe’s consumer confidence. Simon Anderssen comments. view article
Leaner Telkom to pay first interim dividend – Bdlive
Telkom surprised the market with a maiden interim dividend, which sent the share price up 5.33%. The group also revised its dividend policy that will now see it pay 60% of headline earnings as annual dividends following a strong performance. Aslam Dalvi comments. view article
Huge profit for Tongaat Hulett – Business Day
Tongaat Hulett saw sugar production roar back to life in its interim results for the six months ended September, despite the recent drought across southern Africa. Dirk van Vlaanderen comments. view article
Mediclinic is ailing in Middle East – Moneyweb
Mediclinic International’s global acquisition spree is costing the private hospital group as it is starting to feel the pinch – mainly in the Middle East. Aslam Dalvi comments. view article
Pan-African outlook pays off for CIG – Bdlive
Consolidated Infrastructure Group (CIG) posted double-digit growth in the year to August, with revenue shooting up 26% to R4.5bn and headline earnings per share jumping 16%. The recent R850m buyout of electricity and smart meter provider Conlog is expected to further diversify revenue in future. Meyrick Barker comments. view article
Don't bet against the rand – Moneyweb
As the rand hit R13.49 to the US dollar, its strongest point since August and a full 13.5% higher than it was in January, complacent investors would be wise to pay attention. That’s because 73% of the value derived by the top 40 companies on the JSE comes from offshore – up from 43% in […]
Why BAT needs Reynolds American – Moneyweb
British American Tobacco (BAT) has made an offer to acquire US tobacco giant Reynolds American in a US$47 billion deal that will create the world’s biggest listed tobacco company by turnover and operating profit. The deal will give BAT greater access to the US market and a significant presence in high growth emerging markets. Dirk […]
Altron asset sale plan pays off – Business Day
Allied Electronics’ turnaround strategy is yielding positive results, as seen in results for the six months to August, when the group managed to reverse a headline loss per share into earnings of 31c. This comes after it has disposed of non-performing assets and will continue to sell more businesses, including companies within its Powertech division, […]
Famous Brands buys stake in catering firm – Business Day
Famous Brands has sealed a deal with a Johannesburg-based catering company, By Word of Mouth, in its first foray into this competitive sector. By Word of Mouth offers a portfolio of services ranging from development of designer food and beverage menus to event management. Dirk van Vlaanderen comments. view article
