Astral Foods posts worst interim performance – Business Report
An 80% slump in operating profit was the ‘worst’ trading performance Astral Foods had recorded since listing on the JSE in 2001, the poultry producer said yesterday. view article
Sappi Blames European weakness for 77% profit fall – Business Day
Sappi’s profit margin for the six months ended March plunged 77% to $24m from $103m in the same year, mainly due to the woes in Europe, its interim and second quater results, released yesterday, showed. view article
Unsecured share selloff – Citizen
The dramatic selloff of African Bank shares yesterday suggests that skittish investors panicked at the company’s warning that earnings for the six months to March could decline by as much as 28%. view article
PMI up but manufacturing still under pressure – Citizen
South Africa’s seasonally adjusted Purchasing Managers’ Index edged back into expansion territory at 50.5 in April although the manufacturing sector is still struggling, a survey showed yesterday. view article http://www.callejeandomadrid.com/title-loans-wisconsin
Pressure on all sides – Financial Mail
A handful of stout-hearted mining executives bought their companies’ shares when last week’s gold rout knocked gold and platinum share prices down to bargain levels. view article
Insurers lured by Africa's growth potential – Business Day
Old Mutual is already a market leader in some African countries, but it plans to grow the 1.3 million customers it already has outside SA on the rest of the continent significantly. view article
Some sanity at last on the rand – Business Day Investors Monthly
After their incessant bleating about how all they need to be world-class competitors is a slightly weaker rand, manufacturers are at last facing reality. Releasing its latest purchasing managers’ index (PMI), Kagiso Asset Management head of research Abdul Davids said the sustained weakness of the rand in February put significant upward pressure on predominantly dollar-based […]
End of chapter for Exclusives – Mail and Guardian
Times Media Group’s recent announcement that it plans to dispose of Exclusive Books and its academic book chain, Van Schaik, because they are “non-core” assets is a thinly veiled attempt to attract buyers for its retail books assets as the industry battles a decline. view article
TMG to take full control of BDFM – Business Report
Pearson, the largest publishing firm, has decided to get rid of its 50 percent stake in the BDFM joint venture, which publishes daily South African financial newspaper Business Day. view article
Hopes rest on weak rand – Financial Mail
With output volume hovering 10% below 2008’s peak, SA’s faltering manufacturing sector is sorely in need of a boost. A weaker rand may provide it. view article