News, insights & commentary

Sasol approved a coal destoning solution in December 2024 for Secunda Operations, expected to be operational by H1 FY26. Mozambique’s civil unrest impacted the Central

Cashbuild’s revenue for Q2 FY2025 rose by 6% year-over-year, driven by 5% growth from existing stores and 1% from new stores. Half-year revenue increased by

Super Group expects HEPS from continuing operations to decline by -29.9% to -19.7%, to between 97 and 111 cents per share. Supply Chain Africa was

Reinet Fund’s NAV per share as of 31 December 2024 increased to €40.46 from €38.48 on 30 September 2024. The total NAV rose by €339m

Mr Price Group’s Q3 retail sales rose by 10.6% to R14.6bn, with comparable store sales up 6.3%. Apparel grew 10.9%, driven by double-digit gains in

MTN gained in 3.2x normal trading volumes after The Nigerian Communications Commission (NCC) has approved a 50% tariff adjustment for telecom operators in Nigeria. JP

BHP achieved an H1 FY2025 copper production increase of 10%. Western Australia (WA) Iron Ore shipped reached record half-year volumes due to supply chain improvements,

Group turnover for the first 20 weeks of FY2025 rose 8.1% to R18.2bn, compared to 8.0% growth in FY2024. Retail sales, including Clicks, The Body

The company’s listing on the JSE will transfer from the Main Board Primary Segment to the Main Board General Segment, effective 27 January. Click here

South32 maintained FY25 production guidance for all operations except Mozal Aluminium, which faced challenges due to civil unrest in Mozambique. Base metals and alumina production

Hudaco has agreed to acquire the trading assets and liabilities of Isotec, which provides thermal and electrical insulation materials used in various industries, with annual

4Sight has received JSE approval to transfer its listing from the Alternative Exchange to the General Segment of the Main Board, effective 29 January 2025.

Merafe’s attributable ferrochrome production for Q4 2024 was 70kt, slightly down from 75kt in Q4 2023. For the full year, attributable ferrochrome production reached 301kt,

Alphamin achieved record FY2024 tin production of 17,324 tonnes, a 38% increase from FY2023. Q4 production was 5,237 tonnes, up 7% from Q3 2024. FY2024

According to Bloomberg article, Sasol is working to revive its international chemical business, particularly its US-based Lake Charles facility, to boost earnings and potentially explore

BHP and Lundin Mining completed the acquisition of Filo Corp. and formed a 50/50 joint venture, Vicuña Corp., to develop the Filo del Sol and

PPC and Sinoma signed an agreement for a new R3bn integrated solar-powered cement plant in the Western Cape, set to produce 1.5 million tons annually.

Richemont’s Q3 sales rose 10% to €6.2bn, showing a strong finish to the calendar year. Impressive double-digit growth occurred in the Americas (22%), Europe (19%),

According to the Bloomberg consensus Karooooo was expecting 672.5c in earnings per share and came below that with adjusted EPS of 767c, up 21% y/y.

Reinet agreed to sell its entire stake of 43.3 million shares in British American Tobacco (BAT) through a placement to institutional investors at £28.20 per

Sabvest swapped its 47.5% stake in Flexo for a 23.75% stake in Amicus, a holding company specializing in injection-moulded plastic products for the spice, food,

Revenue fell from R72m in the previous six months to a loss of R57m, marking a dramatic reversal. HEPS shifted to significant loss of -10.5

Vodacom’s proposed acquisition of a 30% stake in Maziv, housing CIVH’s fibre assets, is under appeal following the Competition Tribunal’s prohibition of the deal. The

The SA portfolio showed improved trading metrics, except foot count, which remained stable. Tenant turnover and trading density rose due to repositioning, leasing strategies, and

Stefanutti Stocks HEPS for total operations improved by +159%, reaching 13c, compared to a prior year loss of 22c | Contract revenue from continuing ops

Life Healthcare HEPS from cont. ops +59% to 139c beating the BB consensus of 114c | Revenue +12.7% to R25.5bn, driven by growth in southern

Pepkor HEPS fell -0.4% to 140c, topping the Bloomberg est. of 138c | Impacted by supply chain & late winter season | Revenue +7.8% to

Barloworld FY24 HEPS fell -21% to 1022c, in line with the midpoint of guidance, but below the Bloomberg estimate of 1071c | Revenue decreased -6.9%

Netcare FY24 HEPS were +11.9% higher to 113c, below the Bloomberg estimate of 115c | Revenue gained +6.3% to R25.2bn, while operating profit climbed +12.6%

Super Group, which owns which owns 54% of Aussie-listed SG Fleet, received a non-binding offer from Pacific Equity Partners (PEP) for SG Fleet at AUD

Murray & Roberts is facing severe liquidity issues, mainly due to losses from its OptiPower division and the descoping of the Venetia contract. The company’s

Revenue increased +1.5% to R8.0bn | Operating Profit was up +12.7% to R852m with the operating margin improving by 100 bps to 10.6% | HEPS

Sanlam and Ninety One are forming a long-term asset management partnership. Ninety One will buy Sanlam Investment Management (SIM) and manage specific Sanlam assets. In

Barloworld’s HEPS is expected to decline by 20.1% to 21.6%, to between 1012.1 cents and 1032.1 cents. HEPS from continuing operations will be down by

Remgro, Anglo American Platinum, & Netcare The JSE imposed a public censure on Ms. Thabi Leoka, a former director of several listed companies, for misrepresenting

Virgin Active saw a +16% rise in interim revenue, driven by a +6% rise in active members and a +9% increase in yield. Italy, South

Santam underwriting results within its 5%-10% target range, driven by improved attritional loss experience and additional underwriting actions | Gross written premium grew by +8%,

AVI’s trading environment remains tough due to high interest rates, unemployment, and inflation, which limited sales volume growth. Group revenue for the four months ending

AB InBev is offering to buy back some of its debt for up to $3 bn | This includes bonds in USD, GBP, & EUR,

Bidcorp capital markets update: HEPS (constant FX) grew by +8% year-to-date | As 90% of operations are outside RSA, ZAR strength reduced HEPS -3% |

Vodacom interim results showed revenue rose +1.0% to R73.5bn | Service Revenue R58.6bn, down -1.2% | Operating Profit -5.2% to R16.1bn | EBITDA margin -1.4%

Raubex HY24 HEPS were +50% higher to 284 cents a share, in line with the midpoint of guidance | Group revenue +30% to R11 bn

Pick n Pay’s Boxer brand will list on the JSE & A2X | Boxer operates 489 stores in South Africa & Eswatini & will be

Woolworths’ turnover up +6.5% (+6.8% in constant FX) | Impairment rate fell to 5.9% from 7.5% | Moderating inflation, easing interest rates, & reduced loadshedding

Vodacom interim results showed revenue rose +1.0% to R73.5bn | Service Revenue R58.6bn, down -1.2% | Operating Profit -5.2% to R16.1bn | EBITDA margin -1.4%

Raubex HY24 HEPS were +50% higher to 284 cents a share, in line with the midpoint of guidance | Group revenue +30% to R11 bn

Pick n Pay’s Boxer brand will list on the JSE & A2X | Boxer operates 489 stores in South Africa & Eswatini & will be

Woolworths’ turnover up +6.5% (+6.8% in constant FX) | Impairment rate fell to 5.9% from 7.5% | Moderating inflation, easing interest rates, & reduced loadshedding

The Foschini Group H1 25 sales fell -2%, off a high base as a result of last years’ high amount of discount driven sales |

Richemont interim HEPS were -20% lower to €2.86 a share | Sales stable at constant FX (-1% at actual FX) | Asia Pacific sales -19%

For the year ending September 30, 2024, Pepkor’s revenue grew by +7.8% to R85.1 bn. Like-for-like growth was +9.2%. Fintech performed strongly +26.8% Pepkor wrote

FirstRand says it has adjusted its MotoNovo systems to clearly show the commission amount on each loan, and to get customer consent for any commission

HCI’s associate, Impact Oil & Gas (49%-owned), says its exploration agreement with TotalEnergies for two blocks (~3km deep) offshore of Southern Namibia has met all

Redefine’s FY 24 HEPS +57% to 33c | EPS was 59c vs the BB est. of 51c | Revenue +7.5% to R10.7 bn | Dividend

Anglo American agreed to sell its 33.3% stake in Australian Jellinbah coal mine to private property business Zashvin for A$1.6 bn| Zashvin already owns a

Altron’s HY 25 reported HEPS from continuing ops. rose +50% to 79c, marginally above the mid-point of guidance | Profitability was driven by the Platforms

Vukile is in advanced talks to acquire Bonaire Shopping Centre in Valencia, Spain, from Unibail-Rodamco-Westfield (URW). The deal is delayed due to recent severe flash

Clientèle agreed to buy 100% of Emerald Life, a micro-insurer focused on funeral insurance, for ~R597.5 million. Additionally, R50 million may be paid if certain

Clicks FY HEPS were up +14.2% to 1193c, topping the BB estimate of 1187c | Turnover +9.2% | Trading profit +15.1%, with the trading margin

Afrimat HY HEPS fell 80% to 53 cents, the mid-point of guidance | Group Revenue +44% to R4.1bn (incl. Lafarge) | Low export prices, higher

Q3 production: Copper -13% year-on-year, Iron Ore +2%, Steelmaking Coal -6%, PGMs -10%, Nickel +6%, & Rough Diamonds -25% | Q3 YTD 2024 realised prices

Grindrod’s subsidiary, GFS Holdings, has agreed to sell certain assets to African Bank for R500m. These assets include loans, property securities, profit share agreements, and

We Buy Cars FY HEPS is expected to decrease between -60% & -65%, to a range between 85.6c & 97.8c due to acquisition/disposal-related costs, once-off

Sasol Q1 25 production & sales update: Mining production -4% y/y, Sales flat | Gas production +3% y/y, Sales -1% y/y | Fuels production -2%

Adcorp interim HEPS will be -9.7% to -19.7% lower to between 26.6c & 29.9c | Staffing Solutions & Contingent Services had solid revenue and profit

Sibanye has suspended operations at its Century operation in Queensland due to a regional bushfire. Extensive damage to surface piping infrastructure occurred, and operations are

Coronation Fund Managers said Assets Under management grew +10.8% year-on-year to R667bn as at 30 Sept. 2024, & from R632bn as at 30 June 2024.

Mondi’s underlying EBITDA came in at €223m in Q3 24, (€351m: Q2 24), due to planned maintenance & a forestry fair value loss | Softer

DRDGold quarterly gold production to end Sept. increased +7% y/y due to a rise in tonnage throughput despite lower yields | Ave. gold price received

Group sales for the 26 weeks to 25 August (H1 2025) rose +3.7% (+2.9% on a like-for-like basis) | Pick n Pay sales were down

Global steel demand is expected to decline by -0.9% in 2024. Arcelor will post an EBITDA loss of R466m for Q3 2024, largely due to

H1 25 revenue declined by -2.9% to £105.5m, but the gross margin improved to 77.8%. Operating profit was up +16.3% to £35.6m. Headline earnings per

Karooooo’s operating profit rose by +22% to R302m, & EPS by +22% to R6.85. Cartrack achieved a record operating profit of R293m, up +16%, with

Sasfin expects a FY24 Headline Loss Per Share of between 181c & 201c from prior HEPS of 366c | This decline is due to higher

FY24 HEPS will be at least 87.4c higher than the prior year period’s loss per share of 17.4c. Performance improved due to lower feed costs,

Merafe production from the Glencore-Merafe Ferrochrome venture, for the 9 months to 30 Sept., rose 2% to 230kt due to all smelters operating thru winter.

Headline earnings per share (HEPS) are expected to be at least 25% (200 cents) lower for the year ending 31 December 2024 when compared to

Coronation is planning a series of transactions to increase black ownership to 51% (currently 31%) which will result in a decrease of AUM. The transactions

Mondi is buying packaging assets from Schumacher Packaging in Western Europe, incl. two advanced plants in Germany, for €634m. The deal is expected to be

Afrimat interim HEPS to fall between -75% & -85% to between 65.9c & 39.5c. Low export prices, higher shipping costs, a stronger Rand, & Transnet

Sanlam has completed the acquisition of all issued shares in Assupol Holdings. Assupol will be integrated into Sanlam’s Retail Mass business in South Africa. Click

Insimbi expects to report a loss in HEPS between 1.1 and 1.3 cents for the six months ending August 2024, a drop of over 100%.

Richemont will sell its digital luxury business Yoox Net-a-Porter (YNAP) to German-headquartered Mytheresa (Owned by MYT Netherlands Parent) for a 33% stake in Mytheresa &

Sirius Real Estate posted a +14.9% year-on-year increase in rent roll for the interim period ended 30 September, partly driven by its asset acquisition program.

Interim HEPS are expected to rise by between +58.7% to +74.6%, to between 10 to 11 US cents, compared to H1 24. Westcon profit growth

Interim HEPS will increase of between 23.54% and 33.54%, between 97.45 cents and 105.34 cents. Results are due: 14 Oct. Click here to read the

Northam has finalized a Power Purchase Agreement for an 80MW solar plant to supply energy to its Zondereinde operation. The project will provide 220GWh of

Metair has entered into an agreement to acquire the entire issued share capital of AutoZone, a company currently in business rescue. The maximum amount payable

SPAR has appointed Moegamat Reeza Isaacs as Group CFO starting 1 January 2025, succeeding Mark Godfrey. Click here to read the SENS

ADvTECH has acquired a location in Sandton for a new university campus, with plans to relocate Varsity College Sandton and Vega Bordeaux by 2026 |

Capitec HEPS came in +36% higher at 5544c, slightly above the midpoint of guidance (5538c), & topping the Bloomberg consensus of 5270c | The HY

Paid patient days grew 0.3% despite the challenging economic environment | Revenue to rise 5.5% to 6.5%, compared to R23.7bn in FY23 | Normalised EBITDA

PPC revenue -2.1% for the 4 months ended July | SA & Botswana reveenue -1%, & Zimbabwe (30% of group rev.) -4.5% | Cement volumes

Turnover +4.1% (47 wks to 23 Aug.) impacted by FX & inflation | S. Africa sales +3.5% (liquor +10.5%) | Internal inflation +5.8% | Build-It

Turnover from continuing operations rose +4.1% for the 47 weeks ended 23 August. SPAR Southern Africa sales +3.5% (liquor +10.5%). Build it recovered +1.2% on

Headline earnings per share (HEPS) will decrease by between 25% and 35%, to between 197,3 cents and 171,0 cents a share. Click here to read

Results from operations declined by 3%, to R4.2bn in H1 2024. HEPS jumped by 38% to 133.6 cents, the midpoint of guidance. The total dividend

The challenging trading environment in southern Africa was offset by Mongolia’s expansion due to infrastructure projects and mineral demand from China. Local mining customers faced

Gemfields expects its H1 headline loss per share in USD to be USDc 0.6, a 25% decrease. It expects revenues of $51.9m from Kagem and

NEPI Rockcastle is conducting a book build for a €500m unsecured green bond. The bond, rated BBB by S&P and BBB+ by Fitch, has a

Group HEPS will be between 35.68 cents and 36.52 cents, an increase of more than 100% compared to the HEPS of 4.20 cents in the

Headline earnings decreased by -4% to R330m, with earnings per share down to 98.39 cents. The dividend was maintained at 125 cents a share. Embedded

Pre-provision adjusted operating profit will be between £520m and £550m (1H2024: £487.7m) or between +6.7% to +12.9% higher than the prior period. Headline earnings per

Sappi has appointed Graeme Wild as CEO of Sappi Southern Africa | Wild has been at Sappi for ~30 years & has been involved in

Discovery FY Basic HEPS were up +7% to 1089c, marginally better than guidance, & topping the Bloomberg consensus of 1083c | In terms of business

Remgro HEPS -18.8% to 1018c a share | Decline mainly due to corporate actions, most of which are non-recurring. These actions had a negative impact

Raubex, the construction counter, says headline earnings per share (HEPS) will increase to between 275c & 294c for H1 2025, an increase of between 45%

Grindrod is acquiring the remaining 35% of Terminal de Carvão da Matola, which operates a dry bulk terminal in Mozambique, from Vitol for $77m |

For the year ended June 2024, net operating income increased by 6.1% to R1.3 bn | Headline earnings per share fell -24% to 299.5 cents

FY24 HEPS rose 19.1% to 230c, topping the Bloomberg estimate of 206c. Diluted Normalised earnings (+19.6%) were provided to strip out the effects of the

NEPI Rockcastle is in negotiations to acquire Magnolia Park, a shopping center in Wroclaw, Poland’s third-largest city. Magnolia spans 100,000 m² of lettable space. If

For the 11 months ended 25 August 2024, Lucky Star’s sales -2%, while improved production in the second half boosted margins. Fishmeal and fish oil

Muriel Dube has been appointed Chairman of the Sasol Limited Board, effective 13 September 2024. Dube previously held key roles at Bidvest, Investec, and Nozala

Revenue +4.6% to R64.90 bn | EBITDA -1.4% to R8.45 bn mainly due to weaker performances in the European supply chain businesses and UK-based dealerships

Anglo American sold 13.94m Anglo American Platinum shares at R515 each, raising R7.2 bn (about $400m). Anglo American remaining shares are locked-up for 90 days.

FY Group gold production +6.2% to 186,039oz, in line with guidance | All-in sustaining costs (AISC) of US$1,354/oz (2023: restated US$1,309/oz), slightly higher than expected

Revenue from continuing operations +8% to R13.5 bn | Reduced diluted continuing headline loss per share 24 cents (FY2023: 71 cents loss) | Net asset

Distributable income per share (DIPS) for the year ended 30 June 2024 will be approximately 370 cents, a decrease of -8.7%. This guidance was improved

AngloGold Ashanti will acquire Centamin, a gold producer with the Sukari gold mine, Egypt’s largest. Centamin shareholders will receive 0.06983 AngloGold Ashanti shares and $0.125

Interim Headline earnings per share (HEPS) will increase by between 33% to 43%, to between 128.7 cents to 138.4 cents a share. Results due: 26

Revenue from continuing operations +16% to R27.5 bn | Operating profit from continuing operations +17.8% to R1.2 bn | Headline earnings per share from continuing

Anglo American launched an accelerated bookbuild offering of approximately 13 million shares in Anglo American Platinum, representing about 5% of its total issued shares. The

HEPS are expected to be between US 3.99 cents per share and US 4.31 cents per share, an increase of between +27% and +37%. Revenue

HEPS will be between +14% and +24% higher to between 220.5c and 239.8c. Growth in Property and Casualty premiums, life insurance, and investment income were

Sanlam’s HY HEPS were +40% to 473c, marginally lower than the midpoint of guidance, but beating the BB est. of 366c | New business volumes

Harmony’s FY HEPS were up 132% to 1852c, below the Bloomberg consensus of 1906c | Revenue +25% to 61.4bn | Gold production +6% | Silver

SPAR has entered into a sale agreement to dispose of its entire interest in SPAR Poland to Specjał, a local Polish retailer, for R185m as

Telkom received Competition Tribunal approval for the disposal of its masts and towers business to a consortium, pending remaining conditions | The consortium is comprised

TFG’s group sales declined by -3.5%, with TFG Africa down -1%, TFG Australia falling -5.5%, and TFG London dropping -12.7%. Late onset Winter locally blamed.

Cashbuild’s FY HEPS were -22% to 947c, topping the BB forecasts of 919c, & better than the mid-point of the guided range | Operating profit

Woolies FY HEPS (cont. ops) was -16.8% lower to 352c, which was slightly worse than the midpoint of their guidance & a miss vs BB

Aspen’s HEPS of 1357c was miles below the Bloomberg consensus estimate of 1516c | Revenue increased by +10% (+5% in constant FX) to R44.7 bn

Motus’ FY HEPS were -28% to 1479c, topping the BB est. of 1469c | Revenue grew +7% to R113.7bn | Operating profit -4% to 5.5bn

Shoprite FY HEPS were +7.4% to 1245c, below the BB estimate of 1280c | Sales +12% to R241bn (like-for-like +6.3%), slowing in H2 | RSA

Revenue from continuing operations +6.8% to R26 bn | EBITDA +36.8% to R2.3bn | Underlying HEPS from continuing operations +8.3% higher at 127.7c | The

Sanlam has agreed to acquire a 25% interest in African Rainbow Capital Financial Services Holdings (ARC FSH) for R2.4bn cash and the transfer of its

Bidvest FY HEPS came in +6.6% higher to 1,913c (vs BB est. of 2,127c) | Revenue +6.7% to R123bn | Trading profit +8.5% as five

Sibanye Stillwater says it will post interim HEPS between 4.6c & 5c, a decline of between 97% & 98% | The loss per share for

Sun International says interim HEPS will be between +5.4% and +12.4% higher to between 182c & 194c. Sunbet exceeded targets while resorts & hotels improved

Northam Platinum HEPS -82% to 445c, which matches the mid-point estimate in their guidance, while the BB estimate was for HEPS of 510c | Sales

Truworths expects FY24 HEPS to be between -2% lower and +2% higher to between 782c and 814c | Results due: 12 September | Group sales

Revenue for FY24 was -19% to R86.4bn | HEPS -88% to 269c, in line with guidance, but < BB estimates of 308.4c | Sharply lower

Stor-Age’s total occupancy +2.8% to 90.4% | UK +4.7% to 86.5% | SA -0.7% to 91.4% | In line with expectations & seasonal trends |

Pick n Pay says HY25 HEPS will be at least 20% lower | No range provided | Results due: 28 Oct | HY25 Group sales

BHP FY24 underlying EPS +1.7% to $2.70 (vs BB estimate of $2.61) | Revenue +3% to $55.7bn due to ↑ realised Iron Ore & Copper

Gold Fields has appointed Phillip Anthony Murnane as the new Chief Financial Officer (CFO) & is expected to start in early 2025 | Murnane is

Group production +6%, surpassing the upwardly revised guidance, driven by higher recovered grades | AISC +1% to $1500/oz | HEPS are expected to be over

Italtile FY HEPS -7% to 123c vs BB estimates of 120c & slighter better than the midpoint of guidance | Turnover flat (down -2% on

Stadio, the College-focused educational counter, posted Core HEPS +19% to 16.2c (the midpoint of guidance) | Enrolments +9% (ongoing) | Revenue +16% to 714m |

AdvTech interim HEPS came in +16% higher to 98c (> the midpoint of guidance) | Enrolments +6% | Revenue +9% to R4.3bn: Schools (+11%) &

HEPS for the financial year ended 30 June 2024 are expected to decrease by 40% to 50% compared to the previous year to between 2,291c

Gold Fields interim HEPS fell -29% to $0.36, the middle of the guided range | Despite the Ave. Gold Price Received +15% to $2211/oz |

Grindrod HY HEPS -1% to 72c | Revenue flat | EBITDA -7% to R1bn due to logistics constraints | Port of Maputo volumes +18% on

MAS says the process relating to a proposed restructure was terminated without PKM Development and Prime Kapital reaching agreement. Click here to read the SENS

Cashbuild’s trading update indicates HEPS will decrease between 20% – 30% to between 411.2c & and 365.5c | Impairments of the remaining P&L Hardware goodwill

Adcock Ingram FY HEPS came in 9% higher to 616.6c (vs BB est. of 564.9c) | Revenue +6% to R9.6bn: OTC & Hospital rev. both

Revenue rose 13.5% to €273.7m. HEPS increased 3.56% to 28.49 eurocents. Occupancy improved to 97.3% from 97.2%. Footfall experienced a positive increase across all shopping

Clicks says Ninety One SA increased it’s stake in the business from 4.99% to 5.10% according to a filing with the Takeover Regulation Panel. Click

Sasol HEPS fell -66% to 1819c, above the guided mid-point of 1711c | Turnover -5% due to lower chemicals prices | Chemical Business Turnover -8%

Coronation reversed a R794m tax provision after winning a Constitutional Court ruling on its international tax matter | As a result the company announced a

Tiger Brands says CEO Tjaart Kruger’s tenure has been extended for an additional three years, until 31 December 2028 | Kruger is 64 yrs old.

Aspen pharma will release FY results on the 3rd of September & host a webcast on Wednesday the 4th. Click here to read the SENS

Absa HEPS fell 5% to 1228c (slightly better than the BB est.) | HY dividend flat at 685c | Revenue +3% | NII +7% |

MTN interim HEPS fell 199% to -256c (the lower end of guidance) | Service revenue -20.8% (+12.1% constant FX) driven by data (+21%) & fintech

Stor-Age Property says Non-executive Director, & Trust beneficiary, GA Blackshaw sold a cumulative R11.6m worth of stock at 1375c as part of a rebalancing Click

Grindrod Shipping completed a “Selective Capital Reduction” | This means they cancelled some shares for everyone (except Good Falkirk, hence “selective”) & distributed $14.25 per

Satrix wants to change its Satrix Nasdaq 100 Feeder Portfolio (STXNDQ) into a standard portfolio so the fund can invest directly in the underlying US

MC Mining granted the former MD & CEO the chance to exercise expired share options (800K) before the 28th of August following his resignation at

Master drilling expects interim HEPS to be between -1.9% lower & +18.1% higher to between 166.3c & 200.2c | Non-cash adjustments relating to machinery impairments

Standard Bank HY HEPS +4% to 1328.7c (topping the BB est. of 1289.9c) | NII +19% on higher rates offsetting lower pricing | Credit Loss

Exxaro interim HEPS fell 37% to 1528c (slightly > than middle of guidance) | Revenue +1% to 19bn | Coal production -5% | Sales volumes

BHP will add resolutions about shareholder opinions on director powers, & disclosures on Scope 3 emissions reductions in iron ore processing to its 2024 AGM

Capital & Regional received an extension from the Takeover Panel for potential bidders, NewRiver & Praxis, to announce a firm intention or walk away |

Adcock Ingram expects to publish FY results on the 22nd of August | 11h00 Webcast Click here to read the SENS

Renergen said the regulator conducted an investigation into a raft of allegations against the company made over the past year and found no wrongdoing. Click

Transaction Capital will sell its non-core Nutun Transact (payments & HR) business & 2 other companies to Q Link (a payment collections agency) for R510m

Northam Platinum expects FY HEPS to be between -77% & -87% lower to 324.3c & 565.7c | Refined metal +10.3%, exceeding guidance | Unit cash

ADvTECH expects HY HEPS to be between +13% & +18% higher to between 95.3c & 99.5c | No colour provided | Results due: 26 Aug

DRD Gold expects FY HEPS to be between -1% & +9% or 146.6c & 161.4c | Revenue +14% but gold sold -8% @ Ergo on

Santam expects HEPS for the 6 months to June 30, 2024 to be 25% to 45% higher to between 1,462c to 1,695 cents | This

Homechoice International, the fintech lending & insurance provider saw revenue +14.6% to R2bn | HEPS +37% to 196.9c | Mauritian-based Fintech Weaver accounted for 95%

Sasol internally promoted its Southern Africa CFO Walt Bruns to Group CFO effective 1 Sep to succeed Hanré Rossouw who will pursue another career opportunity.

Pick n Pay says the Ackerman family voting rights will be reduced to 49% from 52% post rights offer | Rights offer ratio now 1.64254

Trading Statement: HEPS for the six-month period ended 30 June 2024 is expected to decrease between 31% and 45%. Lower sales prices and sales volumes

Trading Statement: HEPS will be between 25% & 33% lower to between $0.34 to $0.38. The expected decrease in H1 2024 earnings is mainly due

Hulamin’s HY HEPS will decrease between 21% & 13% as a result of softer mrkts, & damage to Coil Coating Line 2 (repairs expected by

Sasfin, which also plans to delist, is selling Capital Equipment & Commercial Property Finance to African Bank for R3.25 bn. And for its FX transgressions,

Grindrod Shipping will voluntarily delist from the NASDAQ as part of a capital reduction plan where shareholders receive $14.25 per share | Delists August 26th.

Afrimat update | HY25 volumes are down 20% | Q1 volumes were impacted by Iron ore exports (Transnet) & ArcelorMittal’s furnaces force majeure. Volumes recovered

AngloGold Ashanti HY24 HEPS came in at $0.74 vs -$0.09 for HY23 due to lower operating costs & impairments, & JV gains | Gold production

Interims | HEPS +11% to 1699c was better than BB estimates of 1601c | Revenue +4% | Credit loss ratio 104bps (HY23: 121 bps) |

Pick n Pay completed a rights offer, raising R4 bn by issuing ~252m shares @ R15.86 each | 98.7% shares subscribed for & excess applications

Interims: Revenue -8.2% (-3.7% const. FX). Organic -0.8%. Smokeless now 18% of rev. H1 in-line with expectations & on track for FY guidance. Target: 3-5%

Interims: Anheuser-Busch’s HY24 EPS of $1.66 was greater than the Bloomberg estimate of $1.61 | Revenue rose +2.7% but volumes declined 0.8% | EBITDA was

Former CFO Murray Munro has been publicly censured, fined R6m, and been barred from being a Director for a period of 10 yrs for his

HY24 results | EPRA Net Tangible Assets +1.6% | Estimated Rental Value +3.2% lfl | Occupancy still high @ 2.7% of ERV available to let

HY24 results | Revenue -4% to R17.6bn | EBITDA -24% to R1.4m | HEPS -57% to 260c due to shutdowns, lower ammonia prices & volumes

Trading statement & update | HEPS to be -14% to -19% lower | WHL was impacted by weak trading & negative operational leverage in both

Trading statement & operational update: Continuing HEPS will be +20% higher. Results are due 4th Nov. Expects notable revenue, EBITDA & ops profit grwth for

Glencore HY24 production report: Copper production -5% (lfl -2%). Cobalt -27%, Zinc -4% & ferrochrome -16%, Energy Coal -7%, Steelmaking Coal -8%, Silver -3%. FY24

Operational update: Sales +12% to 241bn (lfl +6.3%) | Selling price inflation 5.8% | SA sales +12.3%, Liquor +20% | Stores +9% to 3639 |

Acquisition and JV: BHP & Lundin Mining are teaming up to buy Canadian copper miner Filo Corp to better access the Argentinian Filo Del Sol

Conclusion of Decision: Sasol got special permission from government to release more sulphur dioxide (SO2) at Secunda, but with added rules. Click here to read

Operational Update: Gold production +6.2%, meeting revised guidance. A delay at Evander 8 prevented the group from reaching the upper end of guidance. AISC $1350

Trading Statement: HEPS will decrease between 33% & 38% to between 47.6c and 51.5c due to low catch rates, a late start to the prawn

Voluntary Market Update: For the 4 months to June 2024, FBR was impacted by poor economic conditions, political uncertainty and weak consumer demand. Revenue grew

Operational update: Total auction revenues of $121m, with continued demand for rough emeralds and rubies. Kagem’s wash plant upgrade is complete, and a net debt

Interims: Rev. -8%. HEPS -69% to $0.42. Unit costs -4% but basket price -10%. Flat production volumes. Weak PGM and Diamond mkts. $1.6bn impairment due

Interims: Revenue -8.2% (-3.7% const. FX). Organic -0.8%. Smokeless now 18% of rev. H1 in-line with expectations & on track for FY guidance. Target: 3-5%

Q1 2025 Results: Cartrack subscribers increased by 17% to 2,047,442, with net additions up 88% to 75,910. Subscription revenue rose 15% to R964m, while earnings

Delisting: IAB has announced a firm intention to acquire the issued ordinary shares in Bell Equipment, through a scheme of arrangement, at R53.00 per share.

Delisting: Sasfin Holdings and its subsidiary, Sasfin Wealth, have entered into an agreement with Wipfin Investments and Unitas Enterprises. The agreement involves them facilitating an

Notice: Glencore will provide a half-year 2024 production report and results on the 30th July and 7th August, respectively. Click here to read the SENS

Voluntary Announcement: A consultation process was initiated to close the Sappi Lanaken mill in Belgium. The process concluded successfully, with production ceasing at the end

Trading Update & Statement: Group revenue increased by 6.3%, with notable growth in the beverage segment. HESPS are expected to rise between 21% and 25%,

Trading Statement: Headline earnings per share (HEPS) for the six months ended 31 August 2024 should rise between 25% and 35%, reaching between 5,090c and

Cyber Security Attack: Sibanye-Stillwater has experienced a cyber-attack affecting its global IT systems, but with limited disruption to its operations. Immediate containment measures were implemented

Operations Suspended: BHP will temporarily suspend its Nickel West operations and the West Musgrave project from October, with a review planned by February 2027 due

Rights Offer finalisation: Pick n Pay has finalized the terms for its fully underwritten renounceable rights offer, raising R4.0 bn. Shareholders can subscribe to 252,206,809

Production Report: Tharisa reported a 4.5% increase in Q3 FY2024 PGM production to 36.9 koz, and a 1.9% increase in chrome production to 410.2 kt.

Production Update: Alphamin reported record Q2 tin production of 4,027 tonnes, up 28% from the previous quarter. The all-in sustaining cost (AISC) was up 5%

Capital Raise: Sirius plans to raise approximately £150m through a share placing to support its acquisition strategy in Germany and the UK. The funds raised

Disposal: Zeder Financial Services, which indirectly holds 100% of Capespan Agri, has agreed to sell the Applethwaite farming unit to Vredenhof Beleggings for R190m. The

Cautionary Announcement: MAS is considering a strategic proposal to gain full control of its development joint venture (DJV) with Prime Kapital, which involves acquiring Prime

Rights Offer: Shareholders approved a R4bn rights offer, following a deteriorating performance and significant trading losses in FY2024. Proceeds from the rights offer, combined with

Results notice: Aspen will release its financial results for the year ending 30 June 2024 on Tuesday the 3rd of September at 13h00. Click here

Cautionary Announcement: TeleMasters’ two largest shareholders are in discussions with a BEE company about a potential share acquisition, which could lead to a change of

Name Change: Momentum Metropolitan Holdings will change its name to Momentum Group, as approved by shareholders. The special resolution was accepted by the Companies and

Restructure: Bidvest will dispose of Bidvest Bank but keep its short term insurance business which will be transferred to the Automotive division. This restructure aims

Trading statement: Worldsteel Association (WSA) forecasts a 1.7% increase in steel use in 2024, reaching 1.8 bn tonnes. China’s steel exports rose by 15% in

Production Suspension: Anglo American suspended production at its Grosvenor steelmaking coal mine in Queensland, Australia, after an underground coal gas ignition incident. Extinguishing the fire

Disposal: Following a Constitutional Court judgment, Clicks will divest its shareholding in Unicorn Pharmaceuticals to avoid sanction from the State. The case was due to

Pre-close update: Grindrod’s commodity prices fell by an average of 19%, though chrome ore, copper, iron ore, and manganese prices rose by 2%. Security concerns

Voluntary Trading Update: Retail credit growth slowed, and weaker exchange rates negatively impacted Group revenue, operating expenses, and headline earnings. ABG expects low single-digit revenue

Pre-close statement: Exxaro expects the average export price for coal to decrease 10% to $101 per tonne and iron ore fines 3% to $117 per

Accelerated bookbuild: Ainsley Holdings’ subsidiary Ibex sold up to 400m shares in Pepkor Holdings through an accelerated bookbuild. This reduces Ibex’s stake in Pepkor from

FY Results: Revenue increased by 20.6% to R10.1 bn. EBITDA rose by 38.6% to R1.24 bn. EBITDA margin improved by 12.3% (FY23: 10.7%). Free cash

FY Results: Revenue +11% to $5.5bn thanks to a strong performance from Classifieds & Food Delivery. HEPS +477% to $1.27 due to e-commerce H2 profitability

Mediclinic Results: Mediclinic’s group revenue rose 5% to $4.6bn. Adjusted EBITDA fell 2% to $673m (FY23: $685m), leading to a margin drop to 14.7% from

Constitutional Court Judgement: The Constitutional Court ruled in favor of Coronation in the tax litigation matter, overturning the Supreme Court of Appeal’s orders. Click here

Voluntary Trading Update: Year-to-date revenue rose 4.6%, with price and mix changes contributing 6.3%, despite a 1.7% decline in volumes. Perishable Products revenue rose 4.4%,

FY24 Results: Group revenue +1.6% to R43.2 bn. Group EBITDA +5.2% with EBITDA margin at 23.2%. HEPS +201.3% to 376.0 cents per share. Free cash

Acquisition: Sanlam Life will buy a 60% stake of MultiChoice’s insurance business, NMS Insurance Services (NMSIS), for R1.2 billion upfront and up to R1.5 billion

24 results: Property Revenue +15% to R1.23bn. HEPS down 15% to 89c. Overall Occupancy 90.2%. SA Occupancy flat at 92.1% (FY23: 92.2%). UK Occupancy down

Pre-close and Trading Statement: Richards Bay Benchmark coal price -18% y/y. Newcastle Benchmark coal price -25% y/y. HEPS for H1 2024 are expected to be

Directors Dealings: Executive director Johnny Copelyn indirectly and beneficially purchased 125,000 ordinary shares off-market on June 13, 2024, at a price of 16,000 cents per

Incident: An explosion occurred at the Company’s Malmesbury feed mill, injuring three individuals, with one of them tragically dying from their injuries. The cause of

Retirement: Didier Oesch will retire as Executive Director, CFO, and Commercial Director of ADvTECH at the end of April 2025, and will remain available for

FY Results: Operating Income up 12% to R3.9bn. Headline Earnings per Share (HEPS) from Total Operations up 29% to 61.5 cents per share. Dividend up

Pre-listing statement: RCL announced that the listing of Rainbow Chicken on the JSE and the subsequent unbundling of Rainbow Shares to its shareholders have been

FY Results: Revenue up 16% to R26.6 bn. Operating Profit up 10% to R1.9bn. Operating Margin up to 7.7% (from 7.1%). Dividends declared up 87%

FY24 Results: Revenue +8.9% to a record R60.1bn. Retail turnover +8.6% to R56.2bn. TFG Africa retail turnover +10.4%. Market share gains across all major merchandise

Trading Statement: The headline loss per share will be between -136% and -140% higher to between 409c and 421c. Click here to read the SENS

Trading Statement: HEPS will be -13% and -3% lower, to between 438c and 488c. Click here to read the SENS

HY Results: Assets under management and administration increased by 9.1% to R341.3 bn. Revenue rose by 8.7% to R444.2 m. Profit after tax grew by

FY Results: Revenue up 19% to R1 bn. Successful integration of the Dariel acquisition. EBITDA rose by 53% to R252.8 m. The EBITDA margin improved

Unbundling: RCL will list its Rainbow Chicken business on the JSE Main Board and distribute one Rainbow share for every RCL FOODS share held by

Wage Deal: Pan concluded a five-year wage agreement with the National Union of Mineworkers for an annual average wage increases of 5.3% at Barberton Mines.

Recapitalisation: Brait’s plan is to ask bondholders for an extension of 3 years, to reduce the total amount they owe by a combined R900m –

FY results: Funds from Operations were up 7.9% to €110.2m. The like for like rent roll grew 7.2% to €188.7m driven by continued strong organic

HY 2024 Results: Revenue grew 19% to R5.27 bn underpinned by strategy execution. Net debt to EBITDA improved to 1.5x. HEPS decreased 12.5% to 165.5

Trading Statement: FY24 HEPS will be +20% lower than FY23 due to the David Jones sale included in prior period. WHL has experienced tougher than

HY Results: Group revenue grew 9.5% to R43bn. Sales were driven by Traditional Retail and successful Easter trading, with double-digit sales growth in key brands,

FY Results: Revenue increased 6.1% to $5.5 billion (constant currency +7%). EBITDA jumped 80.7% to $177.6 m. HEPS swung to a profit of 14.2 US

HY Results: Revenue fell 8% to R19.2 bn. EBITDA also fell8% to R2.5 bn but the EBITDA margin was maintained at 12.9%. HEPS from continuing

Recapitalisation plan: The company plans to raise money through a rights offer and an IPO on its Boxer stores. Shareholders need to approve changes to

HY results: Revenue was down 1% to 19.2bn (volumes -9%). Local revenue fell 4% with Bakeries & Grains losing market share & having costs increase.

Disposal: Telkom shareholders have approved the sale of its subsidiary, Swiftnet (which houses its masts and towers businesses) to a purchasing consortium. The sale is

HY24 Results: Revenue decreased 13% to R3.01 bn. HEPS rose 651% to 21.7 cents. No interim dividend was been declared. The feeds business performed well

FY24 Results: Income increased by 4% to R23 bn. EBITDA rose 7% to R6 bn, and HEPS fell 29% to 1454 cents. Hotels improved on

FY Results: Income increased to R11.5 bn, a 2% rise, while operating costs rose to R7.6 bn, up 3%. Adjusted EBITDA decreased to R3.9 bn,

HY Results: Revenue rose 10.1% to $369m. EBITDA was down 2% to $80m. HEPS tumbled 25% to US 13.2 cents. And interim dividend of US

FY Results: Revenue rose 12.3% to £207.0 million. HEPS increased 15.8% to 19.55 pence. A final dividend of 6 pence was declared, +17.6% and a

Capital Markets Update: Food inflation 2.6% from 15.2% a year ago. Australasia and Europe performing well. UK sales ahead with improving margins, & mixed results

HY Results: Revenue +7% to R6.6bn, operating profit +9% to R674m, and HEPS +8% to 289c. HY divi +8% to 90c. The company was affected

Offer: BHP’s bid for Anglo American has been rejected for a third time, however BHP has received another week to make more convincing its $49

HY results: The Headline loss per share from continuing operations fell 26.6% to 164.9 cents (H1 2023 loss per share restated: 224.6 cents). Click here

HY Results: Revenue increased by 4.3% to R1.9 bn. Basic earnings and headline earnings per share increased to 200.5 cents per share, from 6.2 cents

Trading Statement: HY HEPS are expected to be between US 12.5 cents and US 13.5 cents per share with a tolerance of 10% – a

Trading Statement: FY HEPS will be between 1,351.4 cents and 1 556.5 cents, a decrease of between 34.1% and 24.1%. Click here to read the

FY results: Revenue fell 2% to R8.25 bn. EBITDA rose 20% to R1.5 bn, with operating profit also up 23% to R739m. HEPS increased by

FY Results: Revenue rose 8% to R8bn. Cash generated from operations was up 13% R1.1bn. Operating profit fell 6% R812m. HEPS -5% 465 cents. FBR

HY Results: Revenue +4% to R10.4 bn, on better volumes. HEPS +441% to 884c (greater than middle of guidance). Operating Margins jumped to 5.3% (from

HY results: Revenue +4.3% to R12 bn (middle of guidance), on lower volumes. HEPS +6% to 49c. The EBITDA margin improved to 18% (HY24: 17.5%).

Appointment: Fabricio Bloisi has bee appointed Group CEO of Prosus and Naspers. The appointment is effective as of 1 July 2024. Bloisi is former CEO

FY24 RESULTS: Sales +3% to €20.6 bn. HEPS -4% to 6398c (BB estimates: 6544c). Gross Margin 68.1% from 68.7%. Asia sales +4% (actual), +12% (const.

Trading Statement: HEPS are expected to reflect a loss of between 8,19c & 2,73c per share representing an improvement of between 70% & 90%. Click

FY 2024 Results: Revenue and net interest income down 4.5% to R638m. HEPS down 20% to 123,77 cents per share, above middle of guidance. Profit

Group revenue of R151 bn was up 26.4%, positively impacted by the acquisition of Egypt. Group service revenue growth was 29.1%, and including Egypt on

Revenue increased 13.8% to R17.43 bn. HEPS increased 21.3% to 476.3 cents per share. Order book of R25.55 bn (2023: R20.04 bn). Final divi 92c

Stor-Age has entered into a third-party management agreement with Hines to manage their recently acquired self storage portfolio in the UK. Click here to read

Further Cautionary Announcement: The board approved a recapitalisation plan for the company, consisting of a rights offer of up to R4.0 bn in mid-2024, followed

The Board of Anglo American rejected BHP’s Latest Proposal, which was a second unsolicited, non-binding, and highly conditional combination proposal. Click here to read the

Production update: 2E PGM Production +22% (incl US), 4E PGM production +3% (RSA). Gold Production +18%. Nickel Production +42%. Separately, JP Morgan announced it increased

Q1 Update: Gold production +2% y/y to 581,000oz on higher recovered grades. 15,000oz fall due to flooding in Western Australia. Expects Q2 recovery. Improvement in

Trading Statement: Headline earnings per share is expected to be between 118c to 126c, a decrease of between 23.6% and 18.6%. Click here to read

Q1 2024 Results: Revenue was up +2.6% to $14.6bn on digital growth & premiumization. Underlying EPS +16% to $0.75 (Bloomberg estimate $0.79). EBITDA rose +5.4%,

FY 24 results: Revenue rose by 3% to R12.8 bn. Headline earnings per share decreased by 12% to 541.8 cents. The NAV per share rose

Operational Update: Attributable Production fell 17% to 464,000 ounces. All-in Sustaining Cost (AISC) +51% y/y to US$1,738 per ounce. All-in Cost (AIC) +58% y/y to

Production update: Copper production was down 2%. Cobalt -37%. Zinc production remained relatively stable. Lead production increased by 11%. Nickel +14%. Gold +7%. Silver stable.

Trading Statement: Headline earnings per share decreased by more than 100%, from 20.0 cents to between -19.7 and -21.7 cents. Click here to read the

Anglo American’s Board has rejected BHP’s proposal, which included an all-share offer and demergers of its shareholdings in two subsidiaries, as it undervalues the company

HY24 results: HEPS +13% to 534c (below BB estimate of 578c). Turnover +9% to R22 bn. (Body Shop & Sorbet ↑ 12.4%). Total Income margin

BHP wants to buy Anglo American through an all-share offer, subject to Anglo American distributing its shares in Anglo Platinum and Kumba Iron Ore to

As at 29 February 2024, the net asset value per share was R2.48, representing a decrease of 4.6% as a result of the payment of

Cashbuild’s Q3 FY2024 revenue rose 3% y/y, with existing stores contributing 2% and new stores 1%. Selling inflation was 2.4%. RSA saw a growth of

Telkom has announced the proposed disposal of its Masts and Towers business, Swiftnet, and has distributed a circular with full details of the disposal for

Mondi plc has decided not to make an offer for DS Smith Plc following a period of due diligence as it believes the transaction would

In SA, chrome production for Q3 FY2024 reached a record 408,710 tonnes,. Chrome concentrate production increased by 19.2% YTD. Production guidance unchanged for chrome and

Trading Statement: HEPS is expected to be between 565 cents and 595 cents, an increase of between 89% and 99%. Click here to read the

Purple Group expects basic earnings and HEPS to be a profit between 0.74c & 0.82c. This is 188% to 198% better than the prior headline

French TV group Canal+ now own 40% of MultiChoice after purchases last week. Click here to read the SENS

The competition authorities approved the acquisition of Lafarge cement and the deal will be closed by no later than 24 April 2024. Click here to

The final number of ordinary shares in issue as at the listing date (11 April) will be at a price of around R18.75, which implies

Capital Raise Results: Transaction Capital and WeBuyCars raised R902.7 million through the issuance and sale of 40 million WBC Shares at a price of R18.75

FY results: HLPS $0.11 (FY22: HEPS $1.16). Restatement due to Obuasi mine tax saving error. The error means ANG lost $65m more in FY22 &

FY 2023 results: Revenue rose 16% to R1.4 bn. Semester 1 student numbers increased 9%. Semester 2 student numbers increased 10%. Basic core headline earnings

FY 2023 results: HEPS +6.5% to 60.1c. Divi +69% to 22c. Merafe achieved a record profit of R1.8 bn. Demand for ferrochrome was weaker, which

FY 2023 results: Adjusted EBITDA came in at R8.5 billion (2022: R29.5 billion). Share buybacks up to R500 million was approved (2022: Rnil) Headline earnings

FY 2023 results: HEPS +88% to 425c, above midl guidance & vs BB est. 442c (PE of 9x). Revenue +7% to R12 bn (Sun City

FY 2023 results: Revenue +6.2% to R2.8bn. HEPS +12% to 1030c (vs Bloomberg estimate 901c) PE ratio of 8.6x. Divi +2% to 784c (Pay date

Trading Statement: Total basic headline earnings per share (HEPS) and total basic for the interim period ended March will be more than 60% higher than

FY results: Revenue growth was driven by selling price inflation and mix changes, contributing 10.0%, while sales volume declined by 4.8%. Gross profit margin recovered

Trading Statement: Headline earnings per share (HEPS) is expected to decrease between 37% & 57% or between 28.20 cents & 43.64 cents, compared to HEPS

FY results: HEPS +26% to 2590c. Africa 42% of earnings. Net interest Income (NII) +25%. ROE 18.8% (FY22: 16.3%) Divi +18% to 1423c. Grew Banking

FY results: Revenue came in at R38.7 bn, down 17%. HEPS of 4681 cents, was down 22%. A final dividend of 1010 cents per share

Trading Statement: Distributable income per share should fall by approximately 10% to 15% to 176.1 cents primarily due to increased interest costs. The board has

Trading Statement: HEPS will be between 10.91 cents and 12.89 cents, representing an improvement of between 11% and 31% compared to the prior year period.

Trading Statement: HEPS of between 128 cents and 140 cents is expected, a swing from a loss per share of 17 cents for FY2022. Results

Trading Update: Revenue rose 5.1%, driven by price inflation of 7.9%, partially offset by declines in sales volumes. Regional segment revenue increased by 6.7%, driven

Trading Statement: Headline Earnings per Share (HEPS) will be down 35% to 45%. After adjusting for one-time events, HEPS will be be down 8% to

HY 2024 results: HEPS +1% to 2422c (vs BB est. of 2524c). Corporate & Invest. Banking +23 y/y & comprising 55% of earnings. NII +12.5%.

HY Results: Headline earnings decreased by 43% to R2.95 bn for the six months ended December, or R15.07 per share. Lower earnings driven by depressed

HY Results: Headline earnings decreased by 43% to R2.95 bn for the six months ended December, or R15.07 per share. Lower earnings driven by depressed

Trading Statement: HEPS will be between 23.5c and 25.5c, which is 17.6% and 27.6% higher compared to the prior year. Click here to read the

Trading Statement: HEPS are expected to be a profit between 412c and 434c per share, an increase of between 82% and 92% on the prior

Trading Statement: Headline Earnings per Share (HEPS) will be between 87c to 96c, a 6% decrease to 4% gain compared to the prior comparable period.

FY results: Middle of guidance. The group achieved record earnings, with net result from financial services and cash net result from financial services of R12.4

FY results: Record port volumes +28% to 13m tonnes. Record Mozambique terminal volumes +14% to 13m t. Ports & terminals (56% of profit) grew rev.

Trading Statement: Revenue rose 11.9% for continuing operations. The diluted continuing headline loss per share decreased by 40.7%. And the Group’s net debt position improved

Trading Statement: Basic HEPS for the year ended 31 December 2023 is expected to be between 16% and 21% higher, or between 169.9 and 177.3

HY Results: Sales +13.9% (like-for-like +6.5%) Gross margin +10bps to 23.6%. Supermarket RSA sales were +14.6% (+6.3% lfl) & 81% of group sales. Supermarket RSA

Cautionary Announcement: Canal+ has agreed to increase the mandatory offer to shareholders to R125 cash per MultiChoice ordinary share. Click here to read the SENS

Trading Statement: Revenue of R69.2 bn, up 11%. Credit loss ratio of 109 bps (2022: 89 bps). Expenses +8% Diluted HEPS of 3199 cents, up

Trading Statement: Revenue fell 18% on lower PGM and nickel prices. The company reported a loss of R37.4 bn due to lower metal prices and

HY Results: Revenue from continuing operations increased by 29% to R13 bn. HEPS from total operations came in at 897 cents (Dec 2022: 630 cents).

Trading Statement: Revenue increased by 14.6% to R4.8 bn. EBITDA was up 24.7% to R1.6 billion. Recurring HEPS (RHEPS) increased by 32.1% to 73.2 cents.

Voluntary update: HEPS will be between 393c & 432c for the year ended 29 February 2024, or between 0% & 10% higher than the previous

Trading statement: HEPS will be between 58.7c and 69.9c, an improvement of between 4% and 24% over the prior year. Click here to read the

HY 2024 results: Revenue up +8.4% to R20 bn. Headline earnings per share (HEPS) from continuing operations up 52.6% to 81c. HEPS from total operations

HY 2024 results: Revenue +7.1%. Gross margin stable despite ↑ input costs. ROIC and impressive 30.8% (12m to Dec 23). HY dividend +17.4% to 202c.

HY 2024 results: Revenue +9% to R62bn. Trading profit +12% (Trading margin +40bps to 10.5%) tourism & commercial was a positive. 5/7 divisions double digit

HY Results: Revenue -25.5% to R14.99 bn (from R20.12 bn). Operating Profit -73.3% to R2.42 bn (from R9.07 bn). Operating margin 16.1% (from 45.1%). HEPS

Trading Statement: Headline earnings per share (HEPS) will decrease between 80% to 60% (between 231 cents and 462 cents) compared to FY 2022 (1154 cents).

HY Results: Group revenue +15.2% to R1.8 bn. Profit before income tax +13.9% to R191.8 million. HEPS up +16.4% to 159.59 cents. Interim dividend +15.8%

Trading Statement: Headline Earnings per Share (HEPS) will be between 676 to 723 cents, a 43% to 53% increase compared to 2022 thanks to higher

HY results: Sale of merchandise +8.5% to R11.8 bn. Retail sales up 8.2% to R12.2 bn. Gross profit margin 53.6% (Dec 2022: 53.5%). Operating margin

HY results: Production +18% to 1.9 million 6E ounces. Revenue down 25% to R43.4 bn due to lower PGM prices. HEPS -78% to 365c. Net

FY results: Revenues for Q4 +6.2% | FY +7.8%. Volumes for Q4 -2.6% | FY -1.7%. Own beer volumes -3.6% (SA beer volumes up mid-single

Legal Case: Vodacom has decided to refer the “Please call me” matter to the Constitutional Court. Click here to read the SENS

HY results: Revenue up 35%. HEPS rose 226% to 956 SA cents (51c US). Record operating free cash flow, up 265% to R7.1bn (US$381m). Interim

Trading Statement: HEPS is expected to be between 1,319 cents and 1,583 cents (1H F2023: 2 639 cents restated). Click here to read the SENS

FY Results: Revenue up 5.4% to R38 bn. EBIT up 25.6% to R2.6 bn. HEPS down 11.7% to 1,137 cents. Cash generated from operations up

Trading Statement: HEPS will be between 23% – 28% higher than FY22 to a range between 2522c and 2625c. Click here to read the SENS

HY results: HEPS -31% (cont. ops. -7.5%) middle guidance. Divi -7%. Online (Dash) was slight beat, and is 5.1% of total sales. Sales +8.4% (+7.2%

Trading Statement: RCL FOODS expects its HEPS from total operations for the current period to be between 79.5 cents (+41.0%) and 82.3 cents (+45.9%) when

Trading Statement: Headline earnings per share (HEPS) is expected to increase between 15% an 20% to between 148 cents and 154 cents, and will be

HY Results: Revenue increased by 11% to R57 bn. EBITDA up 13% to R4.2 bn. NAV/share increased by 14% to 9957c. HEPS -27% to 66.2c.

HY Results: Results were guided for. SA now makes up 45% of total revenue (HY22: 48%). UK comprises 30% of revenues (HY22: 10%) thanks to

Trading statement: Total HEPS will between 55.6 and 57.8 cents per share, an increase of between 23.5% and 28.5%, largely thanks to insurance proceeds. Click

Trading statement: HEPS from Continuing Operations is estimated to be between 99 cents and 105 cents, representing an increase of between 16% and 24%. Click

Trading statement: Headline earnings per share (HEPS) will be between -7% and -16% lower y/y than the prior comparable period to between 1199c and 1077c

HY 2023 results: Revenue -9% to R136 bn on weaker oil (-10%) & petrochemical prices (-24%) & worsening growth outlook. Op. Margin -400bps to 16%.

Trading Statement: Headline earnings per share is expected to be between R31 & R36, a decrease of between R94.82 and R99.82 per share. Click here

HY Results: City Lodge Hotels Revenue +18% to R1.0 bn. Strong food and beverage revenue growth, +36%. Occupancy up 4% to 61%. HEPS +10 to

FY23 Prelim update: Stronger H2 performance with higher gold production and lower total operating costs. A divi of 19 US cents per share for H2

FY Trading Update: Group revenue rose 12.2%. Retail revenue up +11.2%, with l-f-l growth of 8.2%, and inflation at 6.8%. Wholesale revenue up +11%. Says

Trading update: Group turnover +9.3%. SPAR Southern Africa wholesale grocery sales +5.1%, with private label and online sales strong. Liquor sales grew 12.7%. Build it

Trading Statement: All operations except US PGM recycling met production guidance for FY 2023. HEPS will be between 60 SA cents (3 US cents) and

Trading Update: SA with a 2.8% increase in occupancy in the owned portfolio and a 9.4% year-on-year rise in rental rates. In the UK, despite

Trading update: Supergroup faced significant loss of trading volumes in SA, with very slow turn-around at SA ports, and SA border efficiencies also dismal. The

Trading Statement: Headline earnings per share (HEPS) from continuing operations are also expected to increase between 5% an 15% to between 860 cents and 942

FY Results: Production fell 5.3% to 35.7Mt, while sales increased 1.6% to 37.2 Mt relative to 2022 when industrial action at Transnet disrupted rail and

HY Results: Revenue rose 6% to $27.2 bn. Profit from operations was down 56% to $4.8 bn. Group Underlying EBITDA rose 5%, with an EBITDA

Trading update: Group revenue up 2% to R11.3 bn. Group EBITDA stable. Mobile revenue up 4.8% to R6 bn. Mobile service revenue +7.1%. Openserve fixed

HY 2023 results: Revenue of R18.6bn from R12.8bn in 2022. Headline earnings per share of 106 cents (Rands), from 61 cents previously. And Cash on

FY 2023 results: HEPS -71% to R53.30 (guided -67% to -77%). Revenue -24% y/y to R125 bn (est. R121 bn). Divi -81% to R21.30 (est.

Censure: Forensic investigations uncovered a lack of oversight mechanisms, governance failings and wrongdoing in prior financial periods, which arose during the tenure of previous executive

Trading Statement: Headline earnings per share (HEPS) will be between 19.8 cents and 23.3 cents, representing a decrease of between 36% and 25% compared to

Voluntary Trading Update: Equipment southern Africa revenue declined -2%, mainly due to reduced machine sales offset by increased after-sales activity. Equipment Eurasia saw strong performance,

Interims ended Dec 2023: Gold production +6.7% to 98,458oz. Production guidance of 180,000oz to 190,000oz for FY. Reduction in all-in sustaining costs (AISC) per ounce

Trading Statement: HEPS for FY 2023 are expected to range from $0.91-0.97 per share (US$0.22-0.28 per share lower), which is 18% to 24% lower FY

Trading Statement: HEPS for the year ended 31 December 2023 will increase + between 17% and 37% to between 2126 to 2489c per share. Click

Trading Statement: Headline earnings per share (HEPS) will increase by at least 20% to be at least 183.82c, when compared to prior comparable HEPS of

Sirius traded in 3x normal volumes after announcing it acquired two business parks, one in Köln (Cologne) and the other in Göppingen, for a total

Trading Statement: Headline earnings per share (HEPS) are expected to be between R17.90 and R22.22 compared to the prior half year HEPS of R30.90 (representing

Mondi confirms that it is in the early stages of considering a possible all share combination with DS Smith to create an industry leader in

Trading Statement: Headline earnings and HEPS decreased by between 67% and 77% compared to the twelve months ended 31 December 2022. Headline earnings are likely

Further Trading Statement: HEPS is expected to decrease by between 76% and 83% to be between 279 cents and 391 cents per share. Headline earnings

Prelim. Results ended 31 Dec 2023: Revenue -1.3% (+3.1% organic, constant rates). New Categories organic revenue +21%. Adj. organic operating margin +40 bps to 45.6%.

Sales down -23% to $1.3bn. HEPS changed from a profit to a US22c loss. Profitability was negatively impacted by lower production volumes associated with planned

MTN signed agreements with Mastercard for a minority investment of up to $200m into MTN Group Fintech B.V. at a valuation of $5.2 bn on

Withdrawal of cautionary: The Board concluded that the proposed offer price of R105 in cash significantly undervalues the Group and its future prospects. Click here

Trading Statement: HEPS from total operations for the six month period ended December 2023 will be +30% (16.9 cents) higher, thanks to to Rainbow and

Trading Statement: HEPS and EPS for the current reporting period are expected to be between US 2.14 cents per share and US 2.30 cents per

Firm Intention: Sanlam Life has made an offer to acquire all the issued ordinary shares of Assupol for a total purchase consideration of R6.5bn Click

Trading update: Group revenue +26.8% to R38.9bn, positively impacted by the acquisition of Vodafone Egypt. SA service revenue +1.9%. Group financial services revenue +31% to

Operational update: SA portfolio experienced satisfactory growth in tenant turnover (+8.1), trading density (+7.5) and foot count (+4.1%) in Dec. Trading during November normalised, as

Trading Statement: Astral expects EPS and HEPS for the six months ending 31 March 2024 to increase by at least +300% to 647 cents and

Voluntary trading update: Group revenue +7.2% to R26bn for the quarter to 31 Dec. Like-for-like sales +4.1% Selling price inflation was +6.5% for the quarter.

Cautionary Announcement: Transaction Capital and the WeBuyCars founders are exploring an unbundling of the shareholding together with a separate listing of WeBuyCars on the JSE

Operational update for the 6 months to 31 Dec ’23: Sales +13.9% to 121bn, RSA Supermarkets +14.6% (+6.3% lfl) to R98bn. Non RSA +6.2% to