Gold fields
[:en]Goldfields announced at the end of August that they are going to retrench another 1 560 people at their South Deep mine. South Deep employs 3 614 full-time employees and 1 940 contractors. South Deep is their only SA mine left, they bought this mine in 2006 and ever since then the mine hasn’t been […]
Impala Platinum
[:en]Impala is one of the world’s largest platinum group metal producers, however they are still struggling to awake investors appetite. IF the Rand continues to weaken and the platinum price can lift its head above $1000, this company might just surprise everyone. Their annual financial results for 2018 reported a gross profit improvement by R2.1 […]
Astec Industries
[:en]Astec designs, engineers, manufactures, and markets equipment and components for the road building, aggregate processing, geothermal, water, oil and gas, and wood processing industries in the United States and internationally. They manufacture more than 220 products. Their latest interim results for the six months ending June 2018 reported a 9.7% decrease in net sales and […]
Discovery
[:en]Discovery is a financial services group company. They are known as the company who makes people healthier as they reward a healthy lifestyle so that individuals can benefit from their medical aid, investments, insurance and retirement portfolio’s. Their interim results for the 6 months ending December 2017 reported a 19% rise in profit from operations […]
South 32
[:en]South 32, a well-diversified mining and metals company is listed in South Africa, London and Australia. Their latest quarterly report reported a better cash position. The company also managed to buy back 176m of their own shares. Their Brazil Alumina sales decreased by 1% for the nine months ending March 2018. The SA coal production […]
Mr Price
[:en] Mr Price Group is a publicly traded retail company with brands like Mr Price Clothing, Mr Price home and Mr Price Sport. Their group results for the year ending March 2018 reported an 8% rise in total revenue. They also reported a 21.1% rise in diluted headline earnings per share. The opened 57 new […]
PSG
[:en]PSG the independent financial services group has PSG Wealth, PSG Asset management and PSG Insure under their umbrella. They have more than 200 offices in SA, 2 in Namibia and 1 in Mauritius. Their latest financial results for the year ending February 2018 reported a 7% rise in recurring earnings and their dividend for the […]
Grindrod
[:en]Grindrod has unbundled their shipping business into a separate listing, with the main listing of the shipping business on the Nasdaq in the US and the secondary listing on the JSE. On the 19th of June the company made the following announcement: “Shareholders are advised that total earnings per share for the six months ending […]
Steinhoff
[:en]Steinhoff continues to make news headlines with the amount of irregularities and fraudulent activities. Earlier this week it was reported that Steinhoff bought forest plantations in 2001 that were linked to executives and sold them three years later to the retailer for more than five times their original value. The forestry deal is similar to […]
MTN
[:en]MTN is the second largest telecommunications company in South Africa according to market capitalization. The quarterly update (March 2018) for the group reported a 1.9% increase in subscribers on a quarter-on-quarter basis. Active mobile customers increased by 3.9% to 22.7 million subscribers. MTN South Africa increased service revenue by 2.5% and MTN Nigeria increased service […]
