Sector: Technology
The company is not available at Interactive Brokers
Etion Limited (JSE:ETO) is an eco-system of technologically driven business units all committed to one purpose 2013 to create and provide integrated digital technology solutions that will propel humanity forward.
The rush to digitization, to real-time monitoring of systems and environments, to analytics and unlocking the value in 201cbig data 201d has taken firm hold in South Africa, and around the world. As a fast growing African technology company, Etion leverages its own and partner IP to develop, produce, distribute and integrate bespoke and standard technology products and solutions aimed at improving connectivity, safety and productivity and cyber security for its customers.
Etion operates four business units:
Etion Create
Etion Create (formerly Parsec) specialises in the design, manufacturing, integration and support of advanced technology and is one of the world 2019s leading Original Design Manufacturing companies.
Our ability to create customised electronic subsystems and products for clients across a range of sectors including Mining & Industrial, Defence & Aerospace (COTS Products), IoT & Sensors and Cyber Security, sets us apart.
Etion Digitise
Through Ansys Rail and its Safety and Productivity Solutions business, Etion Digitse has grown into a world-class digital solutions provider, offering unparalleled services across many sectors including rail, mining, oil & gas, energy and retail.
Its digital systems are built to improve the overall safety and productivity of every client, no matter how big or small. Whether it 2019s through the development and integration of sensors that collect important data for customers to study to improve inefficiencies, or to track assets.
Etion Connect
Etion Connect, formerly known as Tedaka Network Solutions, provides the hardware that enables its customers to provide connectivity solutions to the market. Connectivity is about laying more fibre in the ground to support wireless networks that are strong enough to support hungry applications like paperless classrooms, digitisation of healthcare, connected township entrepreneurs, video streamers, financial services and many other industries to enhance economic activity.
Etion Connect is the end-to-end trusted partner for solutions for all network connectivity issues. Etion Connect offers a complete solution, delivering reliable connectivity solutions across telecommunications, communication, network infrastructure, power solutions, data centres, network monitoring, support and maintenance.
Etion Secure
Etion has been operating in the cyber security market since 2007, developing world-class high end security network encryption products for the digital world. Whether it 2019s securing identity documents, protecting companies, keeping passwords private, or supporting the communities around it.
The acquisition of LAWtrust gave Etion an even better offering. For more than a decade, LAWtrust has established itself as the trusted expert and authority in digital security solutions. As South Africa 2019s leading security integrator, the business has nurtured business relationships with over 1000 clients, including the country 2019s top four banks and insurance companies. Etion is proud to add LAWtrust into its solution offering to help it become Africa 2019s leading trust centre, security integrator and security solutions developer.
Semi-Annual values ($m)
Change (y/y)
FCF ($m)
Net Debt / Cash and Equivalents ($m)
EV / EBITDA
Potential dynamics
Capitec Bank spent 27% more on IT in its 2024 financial year, reaching R1.9-billion from R1.5-billion in 2023.
2024-04-23 10:01 +02:00
Paratus Group has launched what it claims is the fastest “fibre express route” from Johannesburg to Europe.
2024-04-15 09:55 +02:00
Every government should adopt evidence-based policies – and no good case has been built for the assumptions in the IRP 2023.
2024-04-02 09:05 +02:00
Apple iPhone shipments in China fell about 33% in February from a year earlier, according to official data.
2024-03-27 07:12 +02:00
The US has neither the workforce capability nor the regulatory regime to keep up in the semiconductor race.
2024-03-25 06:48 +02:00
Venture capital inflows into African technology and start-up firms declined 31% in 2023, according to new research.
2024-03-21 12:00 +02:00
Internet service providers serving Africa have been forced to send their traffic via elaborate detours.
2024-03-20 07:28 +02:00
There are some interesting things happening in the social media industry right now – not all of them good.
2024-03-18 08:58 +02:00
Repairs to damaged subsea cables in West Africa are expected to take at least five weeks.
2024-03-17 11:30 +02:00
Microsoft services should be back to 100% working order by 4pm on Friday, as the company works to mitigate the incident.
2024-03-15 11:17 +02:00
African countries must not restrict or hinder digital nomads and skilled workers from crossing their borders.
2024-03-11 10:33 +02:00
Canal+ has been given an extra 25 days to make a mandatory offer to shareholders of MultiChoice Group.
2024-03-04 10:27 +02:00
TechCentral has a look at what Canal+ must do now to comply with takeover regulations in its pursuit of MultiChoice.
2024-02-28 12:35 +02:00
TechCentral has a look at the 10 most expensive private schools in South Africa, including one that costs R400 000/year.
2024-02-12 15:57 +02:00
Canal+ said it expects to offer R105/share for MultiChoice, or a 40% premium to the closing price on 31 January.
2024-02-01 07:13 +02:00
An umbrella organisation that promotes the interests of creatives with regards to copyright legislation, has taken issue with a recent article on the subject.
2024-01-30 11:20 +02:00
Has crypto become a way for wealthy South Africans to move money offshore and get around exchange controls?
2024-01-08 13:05 +02:00
Retailers are not obliged to accept cash as a means of payment, even though it is defined as legal tender.
2024-01-08 10:21 +02:00
Eskom has synchronised unit 5 of Kusile to the grid, with the development expected to help ease power constraints.
2024-01-02 09:00 +02:00
Promoted | Octotel has announced the successful completion of its high-speed fibre network roll-out in Wellington.
2023-11-29 09:18 +02:00
The plan sets out how billions of dollars in climate finance will be tracked and details potential investments.
2023-11-28 11:08 +02:00
Teraco has announced plans for a huge expansion of its “hyperscale” Cape Town data centre, CT2.
2023-11-13 10:01 +02:00
MTN Group hopes to exit Afghanistan soon, with Guinea-Bissau, Guinea-Conakry and Liberia likely next to be sold.
2023-11-07 15:22 +02:00
Electricity minister Kgosientsho Ramokgopa has declared that the worst of the load shedding crisis is over. Is he right?
2023-11-02 15:23 +02:00
The SABC Bill kicks the can down the road on a funding model for the public broadcaster.
2023-10-03 18:02 +02:00
Repairs to the Sat-3 cable system are complete, marking the end of repair work on three broken subsea cables.
2023-09-20 20:00 +02:00
Woolworths reported a nearly 15% rise in annual profit aided by promotional sales, online growth and lower debt.
2023-08-30 08:28 +02:00
Triggerfish, the Cape Town-based digital animation studio, sees 2023 as “a breakthrough year for African animation”.
2023-08-25 13:00 +02:00
The Competition Commission has taken aim at Uber Eats and Mr D Food, imposing strict new rules on the firms.
2023-08-01 14:21 +02:00
TechMarkit has launched a laptop library to provide computers to South Africans, free of charge.
2023-07-27 16:36 +02:00
Government has launched a “one-stop shop” to streamline applications for private investment in energy generation.
2023-07-27 15:42 +02:00
A plan to split Eskom into three units envisions most of the company’s R439-billion debt being allocated to generation.
2023-06-23 11:22 +02:00
The new date to complete the migration from analogue to digital terrestrial television is 31 December 2024.
2023-06-15 14:52 +02:00
The presidency says South Africa is moving quickly from a centrally planned energy system to a decentralised, liberalised electricity market.
2023-06-08 16:38 +02:00
MTN South Africa is actively investigating off-grid renewable energy alternatives, including windmill-powered base stations.
2023-06-08 12:04 +02:00
Instead of kowtowing to government, business should insist the state steps aside, the Free Market Foundation has argued.
2023-06-07 15:20 +02:00
Reunert has reported improved financial performance for the six months ended 31 March 2023.
2023-05-25 15:17 +02:00
MTN GlobalConnect is changing its name to Bayobab as the wholesaler gears up to serve a broader market.
2023-05-15 15:36 +02:00
There’s a growing fear that the national electricity grid could, at some point, collapse entirely
2023-04-19 13:24 +02:00
A key SpaceX Starship Super Heavy rocket launch test now is likely to take place later this month rather than sometime this week, CEO Elon Musk said.
2023-04-11 12:12 +02:00
EOH Holdings expects to generate an operating profit from continuing operations of as much as R120-million in the six months ended 31 January 2023.
2023-03-29 09:52 +02:00
The hype surrounding ChatGPT has overshadowed more important developments in computing,
2023-03-17 07:44 +02:00
Environment minister Barbara Creecy has approved an application by Eskom that will allow it to push out higher emissions into the atmosphere at Kusile power station.
2023-03-15 12:13 +02:00
The first-ever submarine broadband Internet cable has been brought ashore in the Eastern Cape, in Gqeberha.
2023-01-23 11:03 +02:00
Government has loosened local content requirements for solar panels and kicked off a review of plans for the nation’s energy mix.
2023-01-22 11:31 +02:00
South Africa’s main stock exchange will probably continue haemorrhaging listings, the CEO of A2X said in an interview.
2023-01-20 08:50 +02:00
Etion shareholders have voted overwhelmingly in favour of a scheme to delist the company from the JSE ahead of a planned winding up of the business.
2023-01-04 10:48 +02:00
These 10 images demonstrate the staggering power of humanity’s new window to the universe.
2022-12-23 22:46 +02:00
Technology company Etion has become the latest firm to announce plans to delist from JSE.
2022-11-29 11:39 +02:00
As customers withdrew billions of dollars from crypto exchange FTX, founder Sam Bankman-Fried worked the phones in a futile bid to raise $7-billion in emergency funds.
2022-11-17 18:15 +02:00
Meta Platforms will let go of 13% of its workforce, or more than 11 000 employees, in one of the biggest tech layoffs this year
2022-11-09 17:00 +02:00
Teraco has announced it has begun work on a 30MW expansion to its already sprawling campus in Isando.
2022-11-07 19:15 +02:00
Altron plans to sell its ATM hardware and support business to NCR as the US technology company reinvests in South Africa.
2022-10-27 08:54 +02:00
Vodacom said on Thursday that it will install solar PV panels at its head office in Midrand, reducing its need for grid-supplied electricity.
2022-10-06 10:36 +02:00
EOH will announce details of a planned capital restructuring soon after it publishes its financial results later this month.
2022-10-03 16:00 +02:00
South Africa intends to enhance the teaching of robotics and coding in public schools through the establishment of the institute.
2022-09-01 20:14 +02:00
The announcement signals a major escalation of the US crackdown on China’s technological capabilities as tensions bubble over the fate of Taiwan.
2022-09-01 08:06 +02:00
The Prudential Authority has issued a “guidance note” to local banks saying they should provide banking facilities to crypto exchanges.
2022-08-18 11:14 +02:00
Icasa has begun the process of making more radio frequency spectrum available to operators wanting to provide broadband services.
2022-08-17 15:42 +02:00
As feared, Eskom will again implement rolling power cuts nationwide from 4pm on Wednesday, with a repeat to take place on Thursday.
2022-08-17 11:59 +02:00
The mobile operator has received a $35-million binding offer for its Afghanistan business as part of plans to exit the Middle East.
2022-08-11 09:19 +02:00
EOH Holdings should be in a position to announce its capital-raising plans when it publishes it full-year results to 31 July 2022.
2022-07-29 14:59 +02:00
Ellies has unpacked in detail how shifting customer behaviour hurt its 2022 financial results and why it’s gearing up to pivot the business in a new direction.
2022-07-29 14:32 +02:00
South Africa plans to try and resolve its chronic power shortage by making it easier for private companies to build plants and paying households and businesses to produce electricity from solar panels.
2022-07-25 16:25 +02:00
The Kusile power station in Mpumalanga will burn as much as 15 million tons of coal a year until it is eventually shut down in 2073.
2022-07-08 08:16 +02:00
Communications minister Khumbudzo Ntshavheni has promised to consult with the broadcasting industry about a new analogue switch-off date.
2022-07-07 16:49 +02:00
The website address google.co.za, which many South Africans use to access the Google search engine, was unavailable on Friday.
2022-07-01 10:42 +02:00
The chairman of communications regulator Icasa has resigned, just months after overseeing the successful auctioning of broadband spectrum.
2022-06-08 14:49 +02:00
The R135-billion Medupi power plant won’t ever make a profit because of delays, design defects and increasing opposition to coal-fired electricity generation, one of its funders said.
2022-06-02 13:00 +02:00
Eskom has completed unit 4 at the Kusile power station, the long-delayed coal-fired power station, with the unit handed over to the company’s generation division on Tuesday.
2022-06-01 10:28 +02:00
Reunert has increased its interim dividend by 7% to 75c/share, despite tough trading conditions that saw it eke out a 1% year-on-year improvement in headline earnings per share.
2022-05-25 12:51 +02:00
Naspers-controlled technology investor Prosus has decided to exit its shareholding in Russian classifieds business Avito.
2022-05-20 17:25 +02:00
Vodacom Group on Monday declared a full-year dividend of R4.30/share after reporting a solid performance from South Africa, its biggest market.
2022-05-16 07:33 +02:00
Even for the world’s richest person, $43-billion is a steep price.
2022-04-14 19:02 +02:00
Icasa has quietly published proposed regulatory amendments in which it wants telecoms operators to be forced to roll over data, voice and SMS bundles for a minimum of six months.
2022-04-05 15:09 +02:00
Telkom has decided it will press ahead with its legal action against the spectrum auction, despite the risk it could lose access to the frequencies it recently secured.
2022-03-28 18:00 +02:00
Blue Label Telecoms has unveiled long-awaited details of a planned recapitalisation of Cell C – a move aimed at dealing once and for all with the mobile operator’s crippling debt problem.
2022-03-15 16:38 +02:00
The auction of mobile broadband spectrum will continue into next week after already raising more than the R8-billion expected.
2022-03-11 20:01 +02:00
Icasa will finally auction access to spectrum for mobile broadband services this week. But a looming court battle could still derail the allocation.
2022-03-07 16:30 +02:00
Investment firms Blantyre Capital and Greenpoint Capital have offered R250-million to rescue cinema chain Ster-Kinekor Theatres.
2022-03-02 10:24 +02:00
Africa-focused fintech firm Flutterwave said on Wednesday it had raised $250-million in its single-biggest funding round to date.
2022-02-16 12:02 +02:00
In a surprise development, Altron has announced that its CEO, Mteto Nyati, will step down at the end of June.
2022-01-11 14:24 +02:00
South African fashion and food retailer Woolworths will buy a 93.45% stake in pet care retailer Absolute Pets from Sanlam Private Equity and Absolute`s management, it said on Tuesday, stepping up a turf war for the country`s affluent shoppers.
2023-10-31
Sibanye Stillwater`s planned restructuring, which could see it close four loss-making platinum group metal (PGM) shafts in South Africa, could potentially result in the loss of 4,095 jobs, the mining firm said on Wednesday.
2023-10-25
South African retailer Woolworths on Wednesday reported a nearly 15% rise in annual profit as promotional sales, online growth and lower debt offset the impact of power cuts in the country and a cost-of-living crisis in its operating regions.
2023-08-30
South African shoppers are increasingly turning to credit to buy discretionary items such as clothing and homewares, company earnings reports show, highlighting the strains on household budgets and growing risks for retailers.
2023-06-22
South Africa`s Pepkor Holdings Ltd said on Tuesday it would add 71 stores by the end of the year, bringing the total to 6,000, as it seeks to build market-share even as the country`s power crisis burdens both retailers and consumers.
2023-05-30The U.S. Air Force has suspended two commanders from the National Guard unit where accused classified intelligence leaker Jack Teixeira served, a USAF spokesman said on Wednesday.
2023-04-27Expanding upon the historic first images of black holes, scientists on Wednesday unveiled the first picture showing the violent events unfolding around one of these ravenous cosmic behemoths, including the launching point of a colossal jet of high-energy particles shooting outward into space.
2023-04-26NEW YORK (Reuters) -Major global brands like McDonald`s, General Motors and Nestle posted steady first-quarter results built on higher prices, demonstrating that shoppers across major economies are still spending despite slowed economic activity.
2023-04-26A U.S. congressional war game simulating a Chinese invasion of Taiwan showed the need to arm the island "to the teeth," the chair of a committee on China said on Thursday, after the exercise indicated the U.S. must boost production of long-range missiles and businesses must brace for economic fallout.
2023-04-20The Biden administration said concerns of Republican lawmakers that last year`s record drawdown of oil from the Strategic Petroleum Reserve damaged the system`s delicate salt caverns were unfounded, a letter seen by Reuters on Wednesday showed.
2023-04-19Rapper Prakazrel "Pras Michel" of the Fugees, testifying in his own defense on Tuesday, said he received $20 million from Malaysian financier Jho Low to help him get a photo with former President Barack Obama.
2023-04-19Republicans in the U.S. House of Representatives on Tuesday held a "robust" discussion over Speaker Kevin McCarthy`s plans for raising the federal debt limit and cutting future government spending, amid signs of discontent ranging from far-right to more moderate wings of the party.
2023-04-18U.S. single-family homebuilding increased for a second straight month in March, while permits for future construction surged, offering some glimmers of hope for the depressed housing market ahead of the busy spring selling season.
2023-04-18WASHINGTON (Reuters) -U.S. single-family homebuilding increased for a second straight month in March, while permits for future construction surged, offering some glimmers of hope for the depressed housing market ahead of the busy spring selling season.
2023-04-18SEOUL (Reuters) -North Korea held a ceremony on Sunday to celebrate the completion of 10,000 new modern homes in the newly built Hwasong District in Pyongyang, state media KCNA reported.
2023-04-17Canada`s Teck Resources on Monday doubled down on its push to reject an unsolicited $22.5 billion bid from Glencore Plc citing "fundamental flaws" in the offer and urged shareholders to instead vote for a restructuring.
2023-04-10(Reuters) -Anglo American Platinum`s (Amplats) shares fell more than 5% on Wednesday after the South African miner said its CEO would step down next year to become operations chief at U.S.-based gold miner Newmont Corporation.
2023-02-15
South African telecoms operator Vodacom Group`s half-year headline earnings fell 9.5% due to start-up losses in Ethiopia and higher finance costs, but it expects core profit to improve in the second half, it said on Monday.
2022-11-14
South African retailer TFG expects to deliver 10 billion rand ($580 million) in annual turnover from its homewares division by 2027, up from 2 billion rand, buoyed by strong demand, its CEO said.
2022-11-11One of South Africa`s largest grocery retailers Pick n Pay is expanding a pilot of adding cryptocurrency as a payment option to more stores after the successful completion of the first phase, it said on Tuesday.
2022-11-01
South African fashion retailer Truworths International reported on Thursday a 49.9% rise in annual profit as consumers coming out of COVID-19 lockdowns splashed out on items to rejuvenate their wardrobes and homes.
2022-09-01
South African insurer Discovery Ltd said on Tuesday it was partnering with global asset manager BlackRock Inc to launch a fund management entity, to tap in to the fast-growing multibillion-rand local discretionary fund management industry.
2022-08-23
South African mobile operator MTN Group said on Thursday its first-half earnings surged 46.5% and it had received a $35 million binding offer for its Afghanistan business, nearing an exit of the Middle East.
2022-08-11
* CEO says consolidation of gold industry only starting (Adds shareholder vote date, share price)
2022-07-11
* CEO says consolidation of gold industry only starting (Adds details of investor call, analyst quote)
2022-07-11(Reuters) -South Africa`s Gold Fields on Monday announced plans to seek a listing on the Toronto Stock Exchange (TSX) if its proposed takeover of Canada`s Yamana Gold is successful, in a bid to win over investors, some of whom had criticised the deal.
2022-07-11
South Africa`s Gold Fields on Monday announced plans to seek a listing on the Toronto Stock Exchange (TSX) if its proposed takeover of Canada`s Yamana Gold is successful, in a bid to win over investors, some of whom had criticised the deal.
2022-07-11South Africa have recalled fast bowler Anrich Nortje and all-rounder Wayne Parnell, and handed a first Twenty20 International call-up to batsman Tristan Stubbs, for the five-match tour of India starting on June 9.
2022-05-17South Africa`s health regulator on Thursday approved the use of Johnson & Johnson vaccine for a second dose or booster, paving the way for the shot widely used in South Africa to shore up protection against the Omicron variant.
2021-12-23
South African retailer Pepkor Holdings on Friday reported a 115.2% jump in annual earnings, rebounding from a low base in 2020 when it was hit by coronavirus lockdown restrictions.
2021-11-19
JOHANNESBURG (Reuters) -Gold Fields Ltd recorded a 9% increase in gold production for the third quarter that ended September from a year earlier, but its cost of production increased, the South Africa-based miner said on Thursday.
2021-11-11
South Africa is forging ahead with plans for a new 2,500-megawatt nuclear power plant in a bid to boost energy security and wants to end the procurement process by 2024, the deputy energy minister said on Tuesday.
2021-09-21South African miner Gold Fields is considering leaving its Johannesburg listing, though a move would not eliminate its share price discount compared to global peers, chief executive Chris Griffith said on Thursday.
2021-08-26
JOHANNESBURG (Reuters) -South African miner Anglo American Platinum (Amplats) on Monday posted a near 7-fold increase in half-year earnings and paid a record dividend as higher metals prices and increased output boosted profit, sending its shares higher.
2021-07-26
* Lions match on Wednesday still goes ahead (adds details, quotes)
2021-07-07
SYDNEY (Reuters) -Commonwealth Bank on Monday said it would sell its Australian general insurance business to South Africa`s biggest privately-owned insurer Hollard Group, marking the completion of a multi-year divestment strategy following a series of scandals.
2021-06-20JOHANNESBURG (Reuters) -South African President Cyril Ramaphosa put his health minister, Zweli Mkhize, on special leave on Tuesday, after allegations that his department irregularly awarded COVID-19-related contracts to a communications company controlled by his former associates.
2021-06-08
* Health minister Mkhize has denied any wrongdoing (Adds Mkhize`s apology and background of probe, photo)
2021-06-08
* Shares surge to two-year high (Recasts with dividend, adds shares, analyst and context)
2021-05-27
South Africa`s Trans-Caledon Tunnel Authority (TCTA) has raised just over 15 billion rand ($1.09 billion) in capital markets to continue construction of the Lesotho Highlands water project, the minister of water and sanitation said on Tuesday.
2021-05-25Naspers Chief Executive Bob van Dijk is going all-in to crush his South African discount. The $100 billion internet group on Wednesday launched a long-awaited move to take pressure off its Johannesburg-listed stock via a share swap with Amsterdam-based offshoot Prosus. That leaves the Dutchman with a harder challenge: shrinking the persistent valuation gap with its $212 billion stake in China’s Tencent.
2021-05-12
South African retailer Pepkor Holdings said on Wednesday half-year earnings were expected to rise by at least 20%, supported by growth at its discount clothing business and a reduction in net debt and finance costs.
2021-04-28South Africa agreed to onerous conditions like non-refundable downpayments to secure COVID-19 vaccines from Johnson & Johnson (J&J) and Pfizer, its health minister said on Wednesday, describing terms vaccine manufacturers had demanded as "difficult and sometimes unreasonable".
2021-04-14
* Minister signals pause may be short-lived (Adds quotes, detail, SAHPRA)
2021-04-14
A South African judge said he had halted the radio frequency spectrum auction planned this month by regulator ICASA because he deemed the process unlawful and irrational.
2021-03-12
South Africa`s long-delayed 37 billion rand ($2.46 billion) Lesotho Highlands Water Project (LHWP) - facing funding pressures, COVID-19 delays and protests in the tiny mountain kingdom - will begin water delivery in 2027.
2021-03-10
Sibanye-Stillwater Ltd said on Tuesday it has agreed to invest in a European lithium company Keliber Oy, marking the South African miner`s entry into battery metals sector.
2021-02-23
South African retailer Pepkor Holdings said on Tuesday that sales in its first quarter rose by 7.7% as it continued to acquire market share as cash-strapped shoppers battling job losses turned to its budget outlets.
2021-01-26South African pharmaceutical company Aspen Pharmacare said on Monday it had reached a preliminary agreement with Johnson & Johnson to commercially manufacture its COVID-19 vaccine candidate, sending its shares higher.
2020-11-02
South African Airways needs short-term funding from the government by the end of next week for the state carrier`s business rescue process to continue, its administrators said on Thursday.
2020-09-10
South African drugmaker Aspen Pharmacare has agreed to sell the rights to its European thrombosis business to U.S. pharmaceutical company Mylan for almost 642 million euros ($759 million), sending its shares up 7% on Tuesday.
2020-09-08South Africa has doubled to six months the term of loans to small and medium-sized businesses to help them survive the COVID-19 recession and made other changes to make the credit easier to access, the treasury said on Sunday.
2020-07-26
Harmony Gold Mining Company, one of South Africa`s biggest gold miners, said it will start its proposed share sale on Wednesday to raise $200 million to part fund its purchase of a rival company`s assets.
2020-06-24
* In talks with lenders on debt and covenants (Adds details on restructuring of Australasian property portfolio)
2020-05-27
South African retailer Massmart said on Monday sales in the 19 weeks to May 10 fell 11.9%, hit by a five-week coronavirus lockdown that prevented the company from selling most of its general merchandise, home improvement and liquor products.
2020-05-18
South African drinks maker Distell said on Friday its full-year profits could drop by up to 80% due to the impact of the coronavirus, which has seen alcohol sales banned in its home market since March.
2020-05-15South Africa`s Pick n Pay Stores Ltd said on Tuesday the COVID-19 pandemic is likely to hit its margins and profitability this year as lockdown measures prohibit the sale of some items including liquor, tobacco and clothing.
2020-05-12
South Africa`s central bank said on Monday it was advising banks not to distribute dividends and put bonuses for senior executives on hold, joining its peers around the world in asking lenders to cancel shareholder returns amid the coronavirus outbreak.
2020-04-06
South Africa`s Massmart fell to an annual headline loss of 1.1 billion rand ($72 million) as consumers cut back on discretionary spending on items such as appliances, the retailer said on Thursday.
2020-02-27
* No plans to sell mining business (Adds shares, dividend and sale of mining asset update)
2020-02-24
South African miner Gold Fields Ltd has hired investment bank RBC Capital Markets to explore the sale of a 30% stake in its gold project in northern Chile, two sources said.
2020-01-21
South African mobile operator Vodacom Group said on Thursday its Chief Financial Officer Till Streichert will leave the company in June 2020 to pursue an external opportunity.
2019-11-28Novartis is buying the Japanese generics unit of South Africa`s Aspen Pharmacare in a deal worth up to 400 million euros ($440.80 million) to expand in the world`s third-biggest drug market, the Swiss drugmaker said on Monday.
2019-11-11
South Africa`s national oil company, PetroSA, expects its flagship Mossel Bay gas-to-liquid (GTL) refinery to run out of domestic supplies by the end of next year, a presentation to parliament showed on Tuesday.
2019-09-10South African retailer Steinhoff reported a 356 million euros ($401 million) half-year loss from continuing operations on Friday, as the damage from a massive accounting scandal drags on.
2019-07-12
* Steinhoff blames knock-on impact of accounting fraud, advisory fees for losses
2019-07-12
South African lender Absa Bank, along with U.S based Bank of America Merrill Lynch and Britain`s Standard Chartered Bank, have signed a $500 million syndicated loan, a statement from Absa Group said on Friday.
2019-07-04
South African retailer Pepkor Holdings Ltd reported a smaller than expected 7% rise in first-half revenue on Wednesday, as cash-strapped shoppers and the shift of Easter to April this year hit demand for clothing and general merchandise.
2019-05-29
MTN`s dispute with Nigeria`s central bank looked set to drag on, after court documents showed the bank was persisting with its demand that the South African telecoms firm repatriates $8.1 billion.
2018-10-05
