Gold production for H1FY22 from the South African operations remains stable at 22,355 kilograms (718,726 ounces) compared to the 22,031 kilograms (708,310 ounces) produced in the previous six month period ended June 30, 2021. Read more.
Intel on Wednesday after the bell reported results for the fourth quarter ended Dec. 26, Wednesday. Shares fell as much as 3% in volatile extended trading before recovering. Read more.
Based on currently available information, shareholders are advised that the Company expects earnings per share to improve from a loss of R1.80 per share in the comparative period to a profit within a range of R5.80 and R6.10 per share in the period. Read more. Read more.
Microsoft reported fiscal second-quarter profit and revenue that beat expectations. The stock initially dipped in extended trading, but turned higher after the company issued a revenue forecast that also beat estimates. Revenue rose 20% from the year-ago quarter, compared with growth of nearly 22% in the previous quarter, it said in a statement. Microsoft's net income rose 21% to $18.77 billion. The company had $36.77 billion in unrealized revenue at year-end, below the StreetAccount consensus of $36.90 billion. Microsoft said it expects to book 45% of its remaining $152 billion in performance obligations next year. That's the first time that percentage has slipped below 50% since at
Shoprite Group - Africa's largest food retailer - intends to sell only locally produced sugar in its 1,189 Shoprite, Checkers, Checkers Hyper and Usave supermarkets in South Africa to encourage consumers to buy locally. Read more.
Consumer goods giant Unilever will announce thousands of job cuts this week. The Marmite and Dove soap maker will cut jobs in more than 100 countries, with cuts planned in the "low thousands," a source said. Read more.
Strong performance in Q3 FY2022 with Group retail sales growth of 17.3% vs. Q3 FY2021. FY2021, with significant growth during the key Black Friday period (growth of 19.3% in November 2021 compared to November 2020) and over the Christmas period (growth of 19.8% in December 2021 compared to December 2020). Read more.
An activist is urging Peloton to fire its CEO and consider a sale as the company's share price has plummeted, according to a person familiar with the matter. Read more.
Although the food division of JSE-listed Woolworths has traditionally been the group's most resilient and best performing division, growth has slowed significantly. Read more.
Karooooo, which is wholly owned by Cartrack, yesterday announced results for the third quarter of its fiscal year 2022 ("2022"), which ended November 30, 2021. Read more.
Peloton executives and insiders sold nearly $500 million worth of stock before the stock fell sharply. That's according to documents filed with the Securities and Exchange Commission. Peloton shares have fallen more than 80% since their highs last year, hitting a 52-week low of $29.11 on Tuesday. John Foley, the company's CEO and co-founder, has sold $119 million worth of shares as of November 2020, according to SmartInsider. Most of his sales were for $110 a share or more. Many top executives also sold some of their shares at the right time. William Lynch, the company's president, sold more than $105 million worth of