Core units lift AECI as profit plunges – Business Day
Chemicals and explosives company AECI has reported a 42 percent decline in operating profit to R571 million for the six months to end June, which was dominated by a constrained environment in South Africa and abroad. Aslam Dalvi comments.
Strong operations in Africa lift Shoprite results – Business Day
Shoprite’s stronghold in West Africa helped the domestic retailer report better-than-expected results in July, but the company has yet to successfully branch out in East Africa. Simon Anderssen comments.
There's nothing sleepy about Aspen – Moneyweb
Aspen is a stock investors love or hate. Some argue that it is an overpriced generics manufacturer that has grown through acquisition and has now reached its peak. Others argue that management is a group of shrewd operators who have proven themselves over the years. Victor Seanie comments.
Governments fail to impede BAT growth – Bdlive
British American Tobacco (BAT) delivered a 4.2% rise in group revenue in the first half of its financial year, despite efforts by governments in the jurisdictions it operates in to stomp out smoking as a practice. Dirk van Vlaanderen comments.
JSE plans to shorten settlement of equities – Business Day
The JSE plans to launch a shorter settlement cycle for equities trading on Monday, bringing it in line with other exchanges around the world. Equities orders will take three days to settle after execution on the JSE’s new T+3 system, bringing it in line with the US equities market Satish Gosai comments.
