Redefine Properties reports modest dividend increase amid steady organic growth
Redefine Properties has announced a 0. 7% increase in its interim dividend per share, showcasing resilience and profitability across its diverse property portfolio despite ongoing market challenges.
Balwin Properties reports significant uptick in apartment sales as interest rates decline
Balwin Properties reports a staggering 73% increase in apartment sales in the second half of the financial year, energised by recent interest rate cuts. Discover how the developer adapts to market fluctuations while positioning itself for future growth
Boxer Retail creates 3 000 jobs amid store expansion network in South Africa
Boxer Retail has announced the creation of 3,000 new jobs and the opening of 40 new stores in South Africa, exceeding financial forecasts and demonstrating its commitment to community upliftment and customer value.
Calgro M3 addresses South Africa's housing shortage through robust development pipeline
Calgro M3's CEO Ben Pierre Malherbe discusses the company's efforts to tackle South Africa's housing shortage, highlighting the challenges and opportunities within the affordable housing sector following their recent annual results
Mantengu files criminal complaint against JSE execs about alleged share price manipulation
Mantengu Mining has lodged a criminal complaint against several executives of the Johannesburg Stock Exchange (JSE), alleging that they engaged in share price manipulation aimed at depressing the company's stock value. The JSE has categorically denied these claims, asserting that they are without merit.
Barloworld extends R23bn buyout offer amid shareholder delays
Barloworld's buyout offer has been extended to June 30 due to delays from brokers, as shareholders express concerns over transparency and conflicts of interest
Jurie Strydom appointed as Old Mutual CEO, shares soar by 10. 04%
Old Mutual has announced the appointment of Jurie Strydom as its new CEO, effective mid-year, following a significant rise in share prices. This leadership change comes as the company celebrates its 180th anniversary.
AngloGold Ashanti reports 671% increase in headline earnings in its first quarter for 2025
AngloGold Ashanti has reported a remarkable 671% increase in headline earnings to $447 million for Q1 2025, driven by a 22% rise in production and effective cost management. The company also declared an interim dividend of $63 million as it aims to close the valuation gap with North American peers.
Mondi reports increased sales volumes and cost control in the first quarter of 2025
Mondi's share price rose by 2. 6% following a positive trading update for Q1 2025, highlighting increased sales volumes and effective cost management amid challenging market conditions
KAL Group profit dips slightly, but management is optimistic about the second half
KAL Group reports a slight decline in earnings for the first half of the year but remains optimistic about future growth, driven by strategic expansions and a robust balance sheet
Prosus generated strong revenue growth and and exceeded targets in its 2025 financial year
This latest announcement by Prosus underscores its commitment to aggressive growth strategies but positions it firmly within the rapidly evolving global e-commerce and technology landscape. With acquisitions designed to enhance operational synergies and the promise of cutting-edge innovations in AI, the company's trajectory is poised for significant advancements in the coming years.
Sappi reports $20 million quarterly loss amid planned shutdowns and global economic challenges
Sappi's second-quarter results reveal a $20 million loss, driven by extended maintenance shutdowns and a challenging global economy. CEO Steve Binnie discusses the impact of market conditions and future outlook.
MTN Uganda reports strong first quarter performance amid regulatory changes
"MTN Uganda's CEO Sylvia Mulinge reports a resilient first quarter, with a 20. 6% increase in profit after tax and significant growth in data and fintech subscribers, despite challenges from regulatory changes.
Absa Group chairman Sello Moloko steps down from a board that has seen much change
Absa Group chairman Sello Moloko announces his resignation, effective July 15, as the bank undergoes significant leadership changes, including the appointment of René van Wyk as his successor.
Absa Group chairman Sello Moloko to step down, René van Wyk appointed as successor
Absa Group announces the resignation of chairman Sello Moloko, effective July 15, with René van Wyk set to succeed him, pending regulatory approval. Moloko reflects on the challenges faced in 2024 and his decision to focus on personal commitments.
High Court ruling clarifies Renergen's operations in South Africa's gas sector
Renergen has achieved a significant legal victory, freeing its helium and natural gas production from the National Energy Regulator of South Africa's regulations, while also clarifying the regulatory landscape for the upstream gas industry.
"AngloGold Ashanti and Gold Fields pause joint venture discussions in Ghana
AngloGold Ashanti's share price surged after the company announced a pause in joint venture discussions with Gold Fields regarding their Ghanaian gold mines, allowing both companies to focus on standalone operations.
South African households see slight income improvement, but challenges remain
Despite a slight improvement in household incomes in South Africa, challenges persist as disposable income continues to decline, driven by interest rate hikes and economic uncertainties
Gold Fields acquires Australia's Gold Road Resources in a higher A$3. 7 billion deal
Gold Fields has successfully reach agreement to acquire Gold Road Resources for A$3. 7 billion, enhancing its portfolio and cash generation capabilities. The deal, which includes a special dividend for shareholders, marks a significant step in the consolidation of the Gruyere gold mine
Navigating challenges: The resilience of South Africa’s real estate
Despite global economic challenges, South Africa's real estate sector shows remarkable resilience, with retail properties experiencing a significant recovery and office rentals remaining surprisingly stable.
Gold Fields in active discussions to acquire Gold Road Resources
Gold Fields is in active discussions with Gold Road Resources regarding a potential acquisition, despite an earlier rejection of a A$3. 3 billion offer. As gold prices surge, the mining companies navigate market uncertainties
Maputo Port to double container capacity with $165 million expansion
DP World announces a $165 million expansion at the Port of Maputo, set to double container capacity and enhance trade logistics for Southern Africa, creating thousands of jobs and improving Mozambique's global competitiveness.
Jubilee Metals Group nears completion of high-grade copper ore trials at Roan concentrator
Jubilee Metals Group reports that trials for processing high-grade copper ores at its Roan concentrator are nearing completion, with results expected to inform a long-term supply agreement.
Datatec joins OTCQX trading platform to enhance US investor access
Datatec, an international ICT company, has been admitted to the OTCQX trading platform, opening at $2. 25 per share. The company anticipates a 6% increase in gross profit for the financial year ending February 2025, driven by strong demand for its technology solutions.
Turkcell wins Supreme Court ruling allowing $4. 2 billion claim against MTN Group
Turkcell's $4. 2 billion claim against MTN Group has been granted a hearing in South Africa following a Supreme Court ruling, despite MTN's assertion of the case's lack of merit.