JOIN OUR MAILING LIST
Blog


2013-02-21
Corporate Update


South Africa

BHP Billiton:In its results for 1H13, the resources company stated that its revenue was 14.1% lower at $32.20bn compared to the same period last year. Diluted EPS declined to $0.79 from $1.88 reported in the corresponding period a year ago, hurt by lower commodity prices and strengthening of currencies in major producing nations such as Australia and Chile. Separately, the company announced that Marius Kloppers would retire as the Chief Executive Officer and Director of the company on 10 May 2013, and would be succeeded by Andrew Mackenzie.

Nedbank Group:The bank holding company, in its trading update for FY12, indicated that headline EPS and basic EPS are estimated to be between 18.0% and 23.0% higher than R13.65 and R13.67, respectively, reported in the previous year.

AngloGold Ashanti: The gold mining company, in its results for FY12, stated that its revenue came in at $6.63, a 4.2% drop from prior year. Diluted headline EPS decreased to $2.36 from $3.30 reported a year ago, hurt by strikes at its South African mines and poor performance at one of its largest African operations.

Truworths International:The apparel and jewellery retailer, in its results for 1H13, indicated that its revenue rose 14.5% to $5.88bn, compared to the corresponding period last year. Diluted headline EPS was 19.3% higher at R3.25, compared to the same period prior year, driven by a growth in credit-fuelled consumer spending.

Rainbow Chicken:The company, in its results for 1H13, indicated that its revenue stood at R4.50bn, a 14.9% rise compared to the same period last year. However, diluted headline EPS slumped to 17.80c from 68.40c posted in the comparable period prior year, weighed down by higher costs.

Blue Label Telecoms:In its results for 1H13, the company reported that its revenue was 2.3% higher at R9.47bn, compared to the corresponding period previous year. However, diluted headline EPS fell 5.7% to 34.22c from the comparable period a year ago, due to losses incurred at its in Indian and Mexican operations.

Hospitality Property Fund:In its results for 1H13, the company stated that its revenue stood at R173.85mn, a 15.5% increase compared to the same period previous year. Diluted headline EPS stood at 0.00c compared to a loss of 0.06c/share posted a year ago.

Anglo American Platinum:The platinum miner announced that its Rustenburg, Union and Amandelbult mining operations have resumed, after employees embarked on an illegal work stoppage, following an incident at its Siphumelele mine in Rustenburg on 18 February 2013 in which 15 employees sustained injuries.

Redefine Properties:The property investment fund announced that the Competition Tribunal has unconditionally approved the acquisition of its 50.0% undivided share in the East Rand Mall.

Sibanye Gold:The gold miner announced that it has suspended operations at its Beatrix 4 shaft after an underground fire broke out in a raise line on the 20 Level.

Standard Bank employees to move into new ‘green building’ in May:Standard Bank said its staff would start moving to its new environmentally friendly building in Rosebank in May 2013. The office complex, which cost more than R2.00bn to build, will house about 5,000 client-facing employees and is expected to create economic spin-offs in Rosebank, Johannesburg.

Shoprite aims to keep top retailer spot:Shoprite will fight hard to maintain its "number one" position amid persisting intense price competition among South Africa’s major chains and pressures such as electricity and fuel price escalations, its CEO, Whitey Basson said.


Back Back to top

Forex Risk Warning