Finance News

ArcelorMittal South Africa Faces Losses: H1 2024 Performance Declines

Business News, Capital Markets, Finance News, Investing News, Stock Market / Lethabo Ntsoane

ArcelorMittal South Africa faces challenges in a stagnant global steel market.
China’s high steel exports and weak domestic demand impact international markets.
The company defers wind-down of its Longs Business to explore sustainability measures.

ArcelorMittal South Africa Faces Losses: H1 2024 Performance Declines Read More »

Nedbank

Deep Yellow Taps Nedbank for Tumas Project Financing, Eyes Optimal Uranium Growth

Business News, Capital Markets, Finance News, Investing News, Stock Market / Lethabo Ntsoane

Deep Yellow Limited appoints Nedbank for Tumas Project financing in Namibia.
Nedbank chosen for its extensive experience in financing African mining projects, including uranium.
The appointment aims to secure competitive funding for optimal project development and market exposure.

Deep Yellow Taps Nedbank for Tumas Project Financing, Eyes Optimal Uranium Growth Read More »

Tongaat Hulett Equity Plan: Vision Investments to Acquire 97.3% Stake Amid Delisting Risks

Business News, Capital Markets, Finance News, Investing News, Stock Market / Lethabo Ntsoane

Tongaat Hulett Limited implements a business rescue plan involving an equity subscription.
Vision Investments will acquire 97.3% of THL’s share capital through the subscription.
Shareholders face potential delisting risks despite plans to retain THL on the JSE.

Tongaat Hulett Equity Plan: Vision Investments to Acquire 97.3% Stake Amid Delisting Risks Read More »

Ethos Capital Announces Brait PLC Unbundling Amid Regulatory Approval Awaited

Business News, Capital Markets, Finance News, Investing News, Stock Market / Lethabo Ntsoane

Ethos Capital plans to unbundle its holdings in Brait PLC, pending regulatory approval.
The transaction involves Black Hawk selling shares to Ethos Capital for no consideration.
Directors associated with Ethos Capital have disclosed their dealings in compliance with JSE requirements.

Ethos Capital Announces Brait PLC Unbundling Amid Regulatory Approval Awaited Read More »

Clicks Group Sells Unicorn Pharmaceuticals, Clears Path for New Licenses Amid Legal Resolution

Business News, Capital Markets, Finance News, Investing News, Stock Market / Lethabo Ntsoane

Clicks Group will sell its stake in Unicorn Pharmaceuticals to comply with a Constitutional Court judgment.
The sale will allow the Department of Health to issue new retail pharmacy licenses to Clicks Group.
The divestment supports Clicks Group’s expansion in providing accessible healthcare across South Africa.

Clicks Group Sells Unicorn Pharmaceuticals, Clears Path for New Licenses Amid Legal Resolution Read More »

Hudaco Industries Reports 6.3% Revenue Drop in H1 2024

Business News, Capital Markets, Finance News, Investing News, Stock Market / Lethabo Ntsoane

Revenue Decline: Hudaco’s revenue fell by 6.3% to R3,983 million in H1 2024.
Profit Decrease: Operating profit decreased by 11.0% to R414 million.
Dividend Stability: Interim dividend remains steady at 325 cents per share.

Hudaco Industries Reports 6.3% Revenue Drop in H1 2024 Read More »

PBT Group Reports 3% Revenue Growth in FY2024, Declares Dividend

Business News, Capital Markets, Finance News, Investing News, Stock Market / Lethabo Ntsoane

Financial Performance: Revenue up 3%, EBITDA down 5.6%, dividend declared.
Distribution Details: 34 cents per share total distribution declared.
AGM and Compliance: AGM on August 2, B-BBEE compliance report available.

PBT Group Reports 3% Revenue Growth in FY2024, Declares Dividend Read More »

SepHold FY 2024: Revenue Up 19%, Net Profit Up 158%

Capital Markets, Finance News, Investing News, Stock Market / Lethabo Ntsoane

SepHold reports 19% increase in FY 2024 revenue, reaching R1,164 million.
Net profit after tax jumps 158% to R67 million compared to FY 2023.
Métier and SepCem show significant improvements in EBITDA and profitability.

SepHold FY 2024: Revenue Up 19%, Net Profit Up 158% Read More »

financial advisor

RECM and Calibre Limited Reports Sharp Declines in 2024 Financial Performance

Business News, Capital Markets, Finance News, Investing News, Stock Market / Lethabo Ntsoane

Financial Declines: Net asset value per share drops to R14.15 from R14.66.
Earnings Plunge: Headline and basic earnings per share show a loss of 51 cents.
Profit Loss: Income falls to R1,548,259; net profit before tax turns to a loss of R25,546,495.

RECM and Calibre Limited Reports Sharp Declines in 2024 Financial Performance Read More »

AGM

Gemfields Group Reports Strong Shareholder Support with 67.30% Attendance at AGM

Business News, Capital Markets, Finance News, Investing News, Stock Market / Lethabo Ntsoane

Gemfields’ AGM on June 25, 2024, saw 67.30% shareholder attendance.
Most resolutions, including director re-elections, received strong support.
Special resolution on share issuance did not meet required shareholder majority.

Gemfields Group Reports Strong Shareholder Support with 67.30% Attendance at AGM Read More »