Vodacom’s full-year dividend below expectations
Vodacom Group, Africa’s largest wireless carrier, announced a full-year dividend that fell short of estimates due to start-up losses and currency pressures in its new territories. Despite revenue growing by 26% to R150.6 billion, net income declined 2.8% to R16.3 billion. The dividend of R5.90 per share, compared to R6.70 the previous year, disappointed analysts […]
Tinned fish now SA’s preferred protein, overtaking chicken
The Competition Commission’s report reveals that tinned pilchards have surpassed chicken as South Africa’s preferred protein due to the avian flu outbreak, which caused chicken prices to soar. Despite not being the cheapest protein source, pilchards offer benefits such as affordability in smaller quantities, easy storage, and a wide flavor range. Oceana, owner of Lucky […]
Anglo rejects BHP takeover bid as significantly undervalued
Anglo American Plc has recently rejected a $39 billion takeover proposal from BHP Group, stating that it significantly undervalues the company. Despite BHP’s all-share deal proposal, which included spinning off controlling stakes in South African platinum and iron ore companies to Anglo’s shareholders, Anglo’s rejection was expected, with analysts and investors seeing the proposal as […]
MTN partners with Investec to launch Payshap on MoMo
MTN South Africa’s partnership with Investec and Electrum to integrate PayShap into its MTN Mobile Money (MoMo) service marks a significant step towards enhancing financial inclusion and convenience for users. PayShap, a real-time, low-value digital payments service, has already seen rapid adoption, surpassing one million transactions within six months of its launch. Read the full […]
Clicks’ half-year profit up by 13%
Clicks has reported a significant increase in half-year earnings, driven by robust turnover and profit growth. Clicks is the largest drugstore company in South Africa, and the company reported growing its market share particularly in the retail health, beauty, and personal care segments. With diluted headline earnings per share (HEPS) rising by 13% to 534 […]
MTN’s investments boost its network performance
MTN’s significant investment in its South African network has led to impressive performance, surpassing competitors like Vodacom. With CEO Ralph Mupita’s announcement of R41.1 billion capital expenditure to support their Ambition 2025 strategy, MTN has demonstrated a commitment to enhancing network infrastructure. The investment, which included upgrades with advanced batteries and generators, has notably improved […]
Mantengu Mining warns of possible share manipulation
Mantengu Mining, formerly Mine Restoration, has recently made headlines by raising concerns of potential share price manipulation, albeit without the consent of the JSE. The company said they had taken the “unpopular stance” of overriding the JSE in the interests of transparency to its shareholders. The allegations of share price manipulation are based on several […]
Shoprite secures R2.1bn financing for supply chain expansion
South Africa’s leading retailer, Shoprite, has secured 1.2 billion rand in vehicle and asset financing to bolster its supply chain expansion efforts. The financing deal, arranged by Standard Bank, is part of Shoprite’s larger strategy to enhance its supply chain capabilities to meet the growing demands of its business. With over 2,900 stores across Africa, […]
Sasol and Topsoe’s ambitions for sustainable aviation fuel
Global mobility has long been a driving force in connecting people, cultures, and businesses worldwide, fostering progress and freedom. However, this connectivity has also led to significant challenges, particularly in the form of carbon emissions. The aviation sector alone contributes 2-3% of global carbon emissions, highlighting the urgent need for sustainable solutions. In response to […]
Northam Platinum shares are still up 112% over 5 years despite recent losses
Northam Platinum Holdings (JSE: NPH) shareholders might be feeling the pinch from the recent 16% share price drop in the last month, and 35% drop over the past twelve months. But before hitting the panic button, it may be worth to zoom out and consider the bigger picture. Over the past five years, NPH has […]