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Wednesday, May 22, 2019

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Tag: profit

Capitec Bank’s H1 profit up 20%

JOHANNESBURG - Capitec Bank reported a 20 percent rise in half-year profit on Wednesday, helped by strong client growth. Headline earnings per share (EPS) came in at 2,128 cents in...

ArcelorMittal South Africa swings to H1 profit

ArcelorMittal’s South Africa unit swung back to a modest profit in the first half of the financial year, boosted by higher steel prices and upbeat sale volumes, the firm said on...

SA’s gold mines in crisis as profitable producers shrink to 20%

The state of SA’s gold mining industry is worse than first thought, with fewer than 20% of gold mines making money at prevailing prices — while large job cuts are forecast...

Banks set for stellar year

South Africa's big banks are expected to rake in more profits this year on improved economic and political sentiment. Audit firm PwC said in its Major Banks Analysis on Friday...

South Africa’s Woolworths sees up to 17.5% fall in profit

Half-year profit at South African retailer Woolworths Holdings could fall by as much as 17.5 percent, it said on Monday, sending its shares down more than 9 percent. A combination of a...

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Afrimat mines new seam

DURBANVILLE-based building materials producer Afrimat looks set to venture further into the mining sector with a proposal to acquire the South African operations of...

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