R/€ = 14.80 Change: 0.05
R/$ = 12.04 Change: 0.08
Au 1340.94 $/oz Change: 10.28
Pt 1008.00 $/oz Change: -8.20


Aspen denies knowledge of probe by US research group

By: African News Agency      9th January 2018 South African drug maker Aspen Pharmacare on Tuesday dismissed reports that its books were under scrutiny by an independent US research group, Viceroy Research, for possible accounting irregularities in its 2017 financial year. This comes after market speculation regarding a possible report into... 

Steinhoff says will have to restate 2015 financial statements

By: African News Agency      2nd January 2018 Beleaguered retailing group Steinhoff International Holdings said on Tuesday its 2015 financial statements, in addition to the 2016 accounts, could no longer be relied upon. In a statement, Steinhoff, which was engulfed by an accounting scandal last month, leading to the resignation of CEO... 

Moody's downgrades Steinhoff deeper into junk on default fears

By: Reuters     28th December 2017 Ratings agency Moody's on Thursday downgraded Steinhoff's debt deeper into 'junk' territory and warned further downgrades could follow due to mounting cash flow problems at the South African retail group. The company, majority owned by tycoon Christo Wiese, is fighting for survival following its... 

Dutch regulators to probe Deloitte over Steinhoff debacle

By: African News Agency      22nd December 2017 The Dutch Authority for the Financial Markets (AFM) was investigating auditing firm Deloitte over the alleged accounting irregularities that led to the share price of South African multinational retailer Steinhoff collapsing, it emerged on Friday. David Maynier, an MP from opposition party,... 

South African gold and diamond miners shine, base metals face slow recovery

By: African News Agency      20th September 2016 Moody’s Investors Service on Tuesday said South African gold and diamond miners’ credit quality had good prospects to continue strengthening. Moody’s assistant VP Douglas Rowlings said the gold and diamond miners that the agency rated in South Africa had already re-set their operations to... 

Cost containment, strategic procurement keep Iliad in black in H1

By: Natalie Greve     25th August 2015 General and specialised building materials provider Iliad has lifted group earnings before interest and taxes to R59.2-million for the six months ended June 30, from R58.7-million in the first half of the prior year, realising upside from stringent cost control and strategic procurement, the... 

Retail revenues continue to increase despite economic woes

     11th February 2014 South African Companies remain in step with the growth of international retailers as five local retailer operations make it into the Deloitte global ‘Top 250 retailers’ list. Times may be tough and household budgets stretched, but that does not mean that South Africans are staying away from... 


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