Soft drink sales drive gains by SABMiller – Business Day
Double-digit sales increases in SA and the rest of Africa helped lift SABMiller’s group net producer revenue — or sales excluding acquisitions, disposals and currency movements — by 6% in its three months ended June. A strong Easter trading period in SA boosted domestic beverage sales growth to 12%, while recovering lager volumes elsewhere in […]
Woolworths looks to lead southern hemisphere after deal – Business Report
While the Federal Court of Australia is expected to tie up loose ends on one of the biggest departmental store deals this week, retail analysts said yesterday that the Australian market was the perfect destination for Woolworths to grow its footprint. Woolworths will soon know if the Australian court approves of its R22.3 billion deal to […]
Food producers' stocks return to favour – Business Day
Food producer stocks have made a strong run since late February, with sector giant Tiger Brands being among the largest gainers despite some negative announcements. “In February, the food producers index was trading at a five-and-a-half-year low relative to the All Share Index.” Kagiso Asset Management analyst Victor Seanie said yesterday. view article
Can you mitigate against a market pull back? – Moneyweb
Right now is one of those tricky times to be in the stock market. While investors have benefited from the strong gains on the JSE and other exchanges around the world, there is nevertheless an underlying uncertainty about how long this can continue. Gavin Wood discusses the market in this article and outlines where we are […]
PMI ticks up slightly but local factory sector continues under pressure – Engineering News
While the seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) recovered slightly in June, edging up to 46.6 index points from 44.3 in May, the average PMI for the second quarter, at 46.1, was below the neutral 50-point mark and the first quarter’s 50.6 index point average. view article
Banking on a solid strategy for turnaround – Investors Monthly
When it comes to the big four banks, Barclays Africa Group has in the past few years been the one everyone loves to pick on. view article
Diversify, restructure to stay afloat – Financial Mail (Top Companies)
Media giant Naspers continues to be the best performer in the listed media sector. Late last year its share price hit the R1 000 mark, primarily due to the meteoric rise in the Tencent share price. view article
Zuma intervention 'unlikely to help miners' – Business Report
In his seventh State of the Nation address, President Jacob Zuma acknowledged the country’s stagnant economy and committed to direct personal involvement in addressing the challenges in the troubled mining sector. view article
Weak rand and dollar bonds help boost Sasol shareholders – Bloomberg
Bond investors are rewarding Sasol with record-low yields relative to US debt as the South African automotive-fuel producer benefits from a weaker rand and expansion abroad. view article
'Magic cash' the only option for many in SA – Business Day
One in every two South Africans with credit is behind on payments, according to the National Credit Regulator (NCR). Little wonder then, that the country’s retailers are reporting slower growth, with those heavily reliant on credit taking the worst beating. view article