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SA Corporate Update
JSE Limited:The company, in its results for FY12, indicated that its revenue advanced 1.1% to R1.38bn compared to the previous year. However, diluted headline EPS fell 15.4% to R4.70 compared to a year ago, due to lower trading revenue and tax charges related to the impairment of certain technology costs.
EOH Holdings:In its results for 1H13, the company stated that its revenue jumped 45.5% to R2.39bn from the same period prior year. Diluted headline EPS surged to R1.55 from R1.12 posted in the comparative period a year earlier, helped by its organic growth and recent acquisitions.
Cashbuild:In its results for 1H13, the company reported that its revenue grew 2.0% to R3.32bn from the comparative period last year. However, diluted headline EPS slid 1.3% to R6.43 compared to the same period previous year.
Clover Industries:The foods and beverages group, in its results for 1H13, indicated that its revenue came in at R3.98bn, a 10.8% rise from the corresponding period previous year. However, diluted headline EPS fell 34.1% to 38.00c from the comparable period a year ago, hurt by an increase in marketing and promotional expenses and higher fuel prices.
York Timber Holdings:In its 1H13 results, the company stated that its revenue was 4.6% higher at R590.70mn compared to the same period a year ago. Headline EPS remained unchanged at 13.00c from the comparative period prior year.
Growthpoint Properties:The real estate company stated that it remains committed to engaging with the Independent Committee of Fountainhead Property Trust Management Limited to progress with its offer of 37.00 Growthpoint linked units for every 100.00 Fountainhead units.
Redefine Properties:The real estate investment company announced that it is considering the decision whether to increase the number of Fountainhead units, after it received acceptances to acquire in excess of 175.00mn units.
Vukile Property Fund:The property loan stock company announced that it has agreed to acquire a commercial property portfolio consisting of five investment-grade sites from Encha Properties for approximately R1.40bn in order to implement a sustainable and commercially driven black economic transformation transaction.
Naspers in $570.00mn Russia internet deal:South African media and e-commerce firm, Naspers Holdings, would merge two of its Russian internet sites with rival Avito.ru in a deal worth at least $570.00mn, the Financial Times reported.
COSATU lobbying for minimum salary:Workers should be paid a minimum of R4500.00/month, Congress of South African Trade Unions (COSATU) general secretary, Zwelinzima Vavi said. “Ideally no one must earn below R4500.00”, Vavi said at a conference to discuss the union federation's collective bargaining, organising and campaign challenges.
Thank you Anchor Capital
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