Clover Industries: The company, in its 1H14 results, reported that its revenue climbed 10.4% to R4.32bn compared to the same period previous year. Diluted headline EPS jumped to 73.20c from 38.00c posted in the comparable period preceding year, helped by an increase in selling prices. Standard Bank Group: The company announced that it has reached an agreement with Grupo Financiero Inbursa SAB, the Mexican banking group, wherein the latter would acquire its Brazilian banking subsidiary, Banco Standard de Investimentos SA, for approximately $45.00mn. Sappi: The company indicated that Glen Pearce, the CFO of Sappi Europe SA, would be appointed as the CFO and join the board as an Executive Director, effective 1 July 2014, succeeding Steve Binnie. ELB results show surge in business activity: JSE-listed engineering company, ELB Group, recorded a 50.3% rise in turnover in 1H14, reflecting higher levels of business activity and revenue from across the range of products and services offered by its engineering operations. Shares slide as Crocodile takes bite out of Eastplats results: Toronto Stock Exchange and JSE-listed junior miner Eastern Platinum (Eastplats) has reported a net loss of $180.90mn in FY13, compared to a loss of $113.90mn posted in the previous year, weighed down by impairment charges against its Crocodile River Mine, near Brits. The shares dropped 8.0% to 83.00c in trading on the JSE after the release of the results. Waterberg Coal raises R24.30mn through equity issue to Investec: JSE and Australian Securities Exchange listed Waterberg Coal has raised R24.30mn (AUD2.40mn) through an issue of equity to Investec Asset Management. Transnet awards biggest locomotives contracts: Transport utility, Transnet, has awarded a R50.00bn contract to four manufacturers for the building of 1064 locomotives. JSE debutants ready for trading: The JSE has welcomed some newcomers to the bourse this year, and BNP Paribas, one of the world’s largest banking groups, listed a range of its exchange-traded notes in South Africa. Rwanda ranked Africas most enticing market for retailers: Rwanda is Africas most attractive market for retailers looking to expand in the fast-growing continent, according to a report by consultancy A.T. Kearney that hails the small east African states economic reforms and business-friendly agenda.
Posted on: Tue, 18 Mar 2014 07:18:26 +0000
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