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Tag: Shares

Tiger Brands shares take hit on ‘bleak future’

Tiger Brands slid nearly 6 percent on the JSE yesterday after it slammed the brakes on dividend payments because of what it said would be a bleak future following a difficult...

Truworths shares hit nine-year low on R1.7bn UK write-down

Retailer cuts value of its UK business by more than a third on Brexit uncertainties and a shift to online shopping. Shares in Truworths International have hit a nine-year low after the...

Spotify revenue beats on higher paid subscriber addition, shares rise

Spotify Technology SA reported a better-than-expected rise in first-quarter revenue on Monday as the music streaming company hit 100 million paid subscribers for its premium service, sending its shares up nearly...

Uber plans to sell around $10 billion worth of stock in IPO

Most of the shares sold would be issued by the company, while a smaller portion would be owned by Uber investors cashing out, one of the sources said. Uber Technologies Inc has...

BMW shares plunge over emissions investigation

BMW shares fell after the luxury carmaker warned of a probable first-quarter charge exceeding 1billion (R15.87bn) related to an EU investigation into alleged collusion by German automakers to delay the rollout...

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Western Cape remains an attractive destination for foreign direct investment

Global foreign direct investment (FDI) flows recovered to US$1.58 trillion in 2021, up from US$963 billion recorded in 2020 and higher than pre-pandemic...

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