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.
Tags : gold price
roubled JSE-listed sugar producer and property owner Tongaat Hulett on Tuesday secured shareholder support for a controversial multi-billion rand rights issue that will involve Zimbabwe's billionaire Rudland family. Read more.
Independent investment firm Fledge Capital has announced a 25% stake in sports and exercise nutrition brand Ultimate Sports Nutrition (USN). Read more.
Elon Musk's SpaceX will launch three South African-made nanosatellites into orbit as part of its upcoming Transporter 3 mission - the first to be entirely manufactured on the continent of its birth and sent into space. Read more.
Altron has announced that its CEO, Mteto Nyati, will step down at the end of June. Read more.
The growth rate of new vehicle sales is expected to decline to around 8% in 2022. This follows a strong 22.1% increase in sales in 2021, after a 29.2% decline in sales in 2020 due to the Covid 19 pandemic. Read more.
Steinhoff International announced Monday that its U.S.-based retail chain Mattress Firm has filed an application with the U.S. Securities and Exchange Commission (SEC) to list on the New York Stock Exchange. Read more.
On Friday, the precious metal gained in London but was still trading near a two-week low hit earlier in the day. Read more.
Competition in the retail market for baby products continues to increase. Checkers is the latest major player to aggressively enter this space. Read more.
South Africa's largest supermarket group, Shoprite Holdings, announced on Monday that its upscale grocery chain Checkers has entered into a joint venture agreement with its delivery partner, RTT Group, to expand its e-commerce business. Read more.
Former Shoprite Holdings chief executive Christo Wiese has bought 20 000 individual share futures contracts on the open market with a total value of R413,6 million. Read more.
SE-listed sugar producer and land developer Tongaat Hulett has suffered a R158 million financial setback as a result of the July unrest that affected its home region of KwaZulu-Natal (KZN). Read more.
