JOHANNESBURG (Reuters) -South African retailer Pick n Pay gave a price range of 42 rand to 54 rand ($2.39 to $3.07) per share for the initial public offering (IPO) of up to 40% of its discount grocery chain Boxer. The IPO is part of Pick n Pay’s two-step recapitalisation plan to lower its debt and …
Pick n Pay gives price range for IPO of up to 40% of Boxer Read More »
(Reuters) -South Africa’s Omnia Holdings reported a 2% increase in half-year profit on Monday, as growth in its mine blasting services segment helped offset the impact of a drought on its fertiliser business. Omnia reported headline earnings per share of 2.88 rand ($0.1636) in the six months to Sept. 30, up from 2.82 rand a …
S.Africa’s Omnia reports 2% jump in HY profit as mining offsets drought impact Read More »
(Reuters) – South African upmarket fashion and food retailer Woolworths on Monday reported a 6.5% rise in turnover for the 18-week period to Nov. 3, helped by improving consumer sentiment, moderating inflation and the start of easing interest rates. (Reporting by Prerna Bedi in Bengaluru; Editing by Janane Venkatraman)
(This Nov. 8 story has been corrected to fix the WTI settlement at $70.38, not $70.35, in paragraph 2) By Shariq Khan NEW YORK (Reuters) – Oil prices settled more than 2% lower on Friday as traders grew less fearful of prolonged supply disruptions from a hurricane in the U.S. Gulf of Mexico, while China’s …
NOV 8-Oil settles down 2% on receding hurricane risk, lackluster China stimulus Read More »
CAIRO (Reuters) -Egypt’s annual urban consumer price inflation edged up to 26.5% in October from 26.4% in September, slightly below expected, data from statistics agency CAPMAS showed on Sunday. On a monthly basis, headline inflation rose by 1.1% in October, unchanged from September. The median forecast of 17 analysts had been for annual inflation to …
Egypt’s headline inflation inches up to 26.5% in October Read More »
DAKAR (Reuters) – Australian gold miner Resolute Mining confirmed on Sunday that the company’s CEO Terence Holohan and two other employees have been temporarily detained by government officials in Mali. The executives were in Bamako to hold discussions with the mining and tax authorities regarding general activities related to the company’s business practices in Mali. …
Australia’s Resolute Mining confirms CEO and two other employees detained in Mali Read More »
By Maxwell Akalaare Adombila and Christian Akorlie ACCRA (Reuters) – Ghana, the world’s number two cocoa producer, has raised the fixed farmgate price paid to cocoa farmers for the second time this 2024/25 season to help boost farmers’ incomes, President Nana Akufo-Addo said. Akufo-Addo, whose two-term mandate ends on Jan. 7, 2025, said at a …
By Karen Brettell and Stefano Rebaudo (Reuters) -The dollar rose on Friday and was heading for a weekly gain as investors evaluated the likely impact on the American economy of Tuesday’s election of Republican Donald Trump as U.S. president. Analysts expect Trump’s policy proposals — including more trade tariffs, a clampdown on illegal immigration, lower …
Dollar on track for weekly gain after Trump election win Read More »
JOHANNESBURG (Reuters) -The South African rand fell on Friday as a turbulent trading week, dominated by Donald Trump’s victory in the U.S. presidential election, drew to a close. The rand has mainly tracked offshore drivers this week, also moving on the outlook for U.S. interest rates and the Federal Reserve’s latest monetary policy announcement on …
South African rand slumps at end of turbulent week Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -South African fashion retailer TFG reported a drop in half-year profit on Friday as inflation hit consumer spending, but said sales had since turned higher as positive economic signals helped buoy demand. Consumers across TFG’s three regions in Africa, London and Australia have been grappling with high living costs which …
South Africa’s TFG says sales turning higher after first-half profit drop Read More »
