Corporate Updates

  • Shoprite Holdings: In its results for 1H13, the retailer stated that its revenue was 13.8% higher at R46.72bn, compared to the corresponding period previous year. Headline EPS increased 12.5% annually to R3.16, helped by robust performance from its stores outside the South African market.
  •  Bidvest Group: The company, in its trading statement for six months ended 31 December 2012, indicated that headline EPS, on a normalised basis, are expected to be between 17.0% and 19.0% higher, compared to R6.13 posted in the corresponding period last year. EPS is expected to increase between 23.0% and 25.0%, compared to R5.82 posted in the same period a year ago.
  •  Spur Corporation: The company, in its trading statement for 1H13, stated that its EPS and headline EPS are estimated to be between 32.0% and 37.0% higher, compared to the same period previous year.
  •  Eqstra Holdings: In its trading update for 1H13, the company indicated that headline EPS, from continuing operations, are anticipated to increase between 25.0% and 30.0% from the comparable period a year ago.
  •  Anglo American Platinum: The platinum miner reported that nine employees were injured as the company’s security personnel fired rubber bullets at its Siphumelele mine in the Rustenburg area, following a dispute between the National Union of Mineworkers and the Association for Mineworkers and Construction Union, over access to a mine office. Three security personnel also sustained minor injuries during this incident.
  •  Delta Property Fund: The company announced that it has entered into various agreements for the acquisition of five properties, comprising of Damelin House, SARS Randburg, CMH Building, Samora House and Embassy Building, from various parties.
  •  Jasco plans undersea cable links to Namibia: Newtelco South Africa, a unit of JSE-listed Jasco, has entered into an agreement with Telecom Namibia to build four international points of presence that will be connected to the West Africa undersea cable, it said.

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