The share price of JSE-listed home furnishings retailer Lewis Group rose 9.48% on Wednesday, hitting a new 52-week high and closing at R47.45, after the company reported strong half-year results for the six months ended September 30. Read more.
Tags : gold price
Gold (XAU/USD) hit a 2 week low on Friday and on Monday trading the price stabilised however it was struggling to gain significant upward momentum. The precious metal was trading at levels around $1845 at the time of writing (12:00 pm). Read more.
A couple of weeks ago, Investec "warned" shareholders that interim results for the six months to September 2021 would be much better than those for the troubled first half of the last financial year. Read more.
Shares in self-storage property fund Stor-Age rose just over 6% on the JSE on Tuesday after its half-yearresults to the end of September 2021 showed another strong set of financial results. As well as paying an interim dividend of 56.60 cents per share, Stor-Age announced an 8.85% increase in its dividend per share and chose to give the market an "outlook" by forecasting full-year dividend growth of between 6% and 8%. Read more.
Vodacom Group - the JSE-listed telecoms giant that is looking to transform itself into a technology company - announced in its latest results released on Monday that the company added 6.2 million new customers in the six months ended 30 September 2021. This is across the group's business in Africa, including Safaricom on a 100% basis. This addition brings Vodacom's customer base to 129.9 million, within striking distance of the 130 million mark, which is likely to be surpassed in the current financial year. South Africa's largest mobile network operator also said in the results that it had added an additional 1.1 million data
Telkom has burnt almost R1 billion in cash over the past six months. The company reported negative free cash flow of R839 million for the six months to the end of September, down R1.05 billion from positive R11 million in the first half of last year. Read more.
Vodacom has agreed to buy a majority stake in Vodafone Egypt from its UK parent for $2.7 billion. (R40.86 billion), expanding the South African operator's operations into the north of the continent. Read more.
Pepkor expects headline earnings per share to increase by 94,7% to 114,7% (127,5 cents to 140,6 cents) for the financial year ending 30 September 2021. Read more.
Clothing and homewares retail giant Mr Price Group expects its half-year profit for the period ending October 2 to rise 30% to 40%, driven by improved retail performance. Read more.
Shares in JSE-listed retail and wholesale group Massmart rose 8.56% on Tuesday to close at R68 after the group announced in a Sens sales report that it had achieved R1.3 billion of its R1.9 billion cost savings target in the 39 weeks to 26 September. Read more.
Royal Bafokeng Platinum's (RBPlat) share price shot up almost 20% in early morning trading on Wednesday after the company jointly announced with Impala Platinum (Implats) that talks were underway for a takeover by Implats. Read more.
JSE-listed Tiger Brands says major operational disruptions could result in the company reporting 15% less profit from continuing operations for the six months to 30 September and the company to report almost R700 million in one-off costs and share losses. Read more.