Breaking financial news from South Africa, Africa, and the world.
Total sales decreased by 4.8% to R6.38 billion, compared to R6.70 billion in the same period of the previous year. Operating profit decreased by 4.3% to R4.24 billion compared to R4.43 billion in the comparative period. Read more.
The software company, headquartered in Germany SAP, will repay the South African Water and Sewerage Authority at least 263 million rand ($17.5 million) for licensing and support contracts that were declared invalid, a court order shows. Read more.
Volkswagen stock price closed marginally higher after the CEO said lack of wiring harness from Ukraine has become the main supply chain bottleneck. Will the Volkswagen stock price continue advancing? Read more.
Gross inflows increased 4% to R194.8 billion due to strong inflows into Old Mutual Investments and Wealth Management. Life APE sales increased 16% to R11.4 billion due to a strong recovery in sales as a result of improved productivity levels. Read more.
Volkswagen said Tuesday that several of its battery-electric models, including the Porsche Taycan, are already sold out for 2022 and that high consumer demand is helping its electric car efforts become as profitable as its internal combustion engines sooner than expected. Read more.
The slaughter of cattle has increased in the USA. Will the LCATTLE quotes continue to rise? Read more.
Remgro's results for the six months ended 31 December 2021 ("Current Period") are expected to be released on or about 24 March 2022 via the Stock Exchange News Service ("SENS"). Read more.
Netflix stock has now given back all of its gains from the pandemic. On Monday, shares of the streaming service fell more than 2% to around $332, a 52-week low. Read more.
The first quarter (Q1) of 2022 has proved to be a historical start to the year in particular for some markets such as nickel and wheat trade. Much of the price action was initially driven by inflation concerns as global economies began to open more after Covid-19 forced lockdowns. Read more.
The Chinese economy is showing signs of slowing down. Will the USDCNH quotes continue to rise? Read more.
Pfizer plans to submit data for a fourth Covid vaccine to the Food and Drug Administration soon. The company is working on a vaccine that protects against all variants of the coronavirus, CEO Albert Bourla told CNBC on Friday. Read more.
Standard Bank Group Limited (SBG or Group) increased its profit by 57% to R25.0 billion in the twelve months to 31 December 2021 (FY21), driven by a recovery in customer activity, an improvement in customer balances and real growth in our underlying business. Read more.
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