News

Resilient REIT’s AGM Sees 100% Approval on Key Resolutions with 76.52% Shareholder Participation

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

Strong Shareholder Participation: 76.52% of eligible shares were represented at the AGM.
Unanimous Approval: All resolutions, including director appointments and financial policies, received overwhelming support.
Financial Assistance Notification: Board authorized significant financial assistance to related and inter-related companies.

Resilient REIT’s AGM Sees 100% Approval on Key Resolutions with 76.52% Shareholder Participation Read More »

Wholesale Trade Sales Rise 6.9% in April, Fall 0.6% Over Three Months

Economy, Finance News, Stock Market / Lethabo Ntsoane

Wholesale trade sales increased by 6.9% in April 2024, showing month-on-month growth.
The three-month comparison saw a 0.4% increase, indicating stability in the sector.
Solid, liquid, and gaseous fuels sales declined, impacting overall sector performance negatively.

Wholesale Trade Sales Rise 6.9% in April, Fall 0.6% Over Three Months Read More »

Motor Trade Sales Rise 3.9% in April 2024; Used Vehicles Lead the Way

Economy / Lethabo Ntsoane

Motor trade sales surged by 3.9% in April 2024, driven by used vehicle and accessory sales.
Quarterly analysis shows a 1.9% decrease, primarily due to a slump in new vehicle sales.
Seasonally adjusted sales saw a 2.2% decline, mainly attributed to drops in new vehicle and fuel sales.

Motor Trade Sales Rise 3.9% in April 2024; Used Vehicles Lead the Way Read More »

Sirius Real Estate Acquires £31M in UK Assets, Disposes £1.9M in Non-Core Properties

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

Sirius Real Estate, a leading owner of business and industrial parks, announced major UK acquisitions. The company spent over £31

Sirius Real Estate Acquires £31M in UK Assets, Disposes £1.9M in Non-Core Properties Read More »

High Court Awards Sasol R6.19 Billion in Transnet Dispute

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

Sasol Limited has achieved a major legal victory. The High Court has awarded the company R3.89 billion in damages. This

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Nampak Forecasts HEPS Surge to 5,500 Cents, EPS Up to 5,400 Cents for HY24

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

Nampak expects HEPS of 4,700-5,500 cents and EPS of 4,600-5,400 cents for continuing operations in HY24.
The company reported improved financial performance due to cost reduction, lower forex losses, and asset disposals.
Nampak’s WANS for HY23 was re-presented due to share consolidation and rights offer in September 2023.

Nampak Forecasts HEPS Surge to 5,500 Cents, EPS Up to 5,400 Cents for HY24 Read More »

Safari Investments

SAFARI Investments RSA (SAR) Reports 7% Rise in Operating Profit

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

Safari Investments RSA (SAR) reports a 7% increase in operating profit to R302.6 million.
Occupancy rate climbs to 97.62% with a vacancy factor of only 2.38%.
Declares a dividend of 31 cents per share despite a decrease in distributable earnings.

SAFARI Investments RSA (SAR) Reports 7% Rise in Operating Profit Read More »

South Africa’s Consumer Price Index Remains Steady at 5.2% in May 2024

Economy / Lethabo Ntsoane

South Africa’s Consumer Price Index remains at 5.2% in May 2024.
Key contributors include housing, utilities, miscellaneous goods, and transport.
Inflation varies by region and income group, affecting food, transport, and miscellaneous services.

South Africa’s Consumer Price Index Remains Steady at 5.2% in May 2024 Read More »

Manufacturing Production Up 5.3% in April 2024, Sales Surge 5.6%

Economy, Stock Market / Lethabo Ntsoane

Manufacturing production increased by 5.3% in April 2024 compared to April 2023.
Seasonally adjusted manufacturing sales rose by 5.6% in April 2024 compared to March 2024.
Quarterly production decreased by 0.5%, with six out of ten divisions reporting negative growth rates.

Manufacturing Production Up 5.3% in April 2024, Sales Surge 5.6% Read More »

Thungela Resources Limited

Thungela Resources Appoints Interim Board Members Amid 5% Stock Rise

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

Thungela Resources appoints Yoza Jekwa to audit committee and social, ethics, and transformation committee.
Sango Ntsaluba joins the social, ethics, and transformation committee as a member.
Interim appointments fill vacancies following the passing of non-executive director Thero Setiloane.

Thungela Resources Appoints Interim Board Members Amid 5% Stock Rise Read More »