JSE-listed Rand Merchant Investment Holdings Limited (RMI) announced in a Sens update on Wednesday that it had made a profit of R8.7 billion from the successful sale of its 30% stake in UK short-term insurer Hastings Group to Nordic insurance group Sampo.
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The Development Bank of South Africa (DBSA) has received an unqualified audit opinion from the AuditorGeneral (AG) for the financial year ended 31 March 2021. Read more.
Supermarket group Pick n Pay (PnP) says it has lost R930 million in revenue due to the unrest in July. However, most of the losses will be covered by insurance, which has already paid out about R600 million. Read more.
Airports Company South Africa (Acsa) - the state-owned monopoly that controls nine of the country's major airports - on Tuesday reported a loss of R2.6 billion for the financial year ending March 31, 2021. Read more.
Shares in JSE-listed Calgro M3 surged 10.29% to a 15-month high on Monday after the developer of residential and memorial parks reported a strong improvement in its financial results for the six months to August 2021. Read more.
US-based Vantage Data Centres on Wednesday announced plans to invest $1 billion (Rs15 billion) in a huge new Joburg campus on a 12-hectare site in Waterfall, the mega real estate hub in the middle of Gauteng led by JSE-listed Attacq. Read more.
With online sales expected to explode in South Africa in the coming years, e-commerce is becoming the centrepiece of Walmart-owned Massmart's growth strategy. Read more.