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Results 81-120 of 749 for ' Prof ' (0 seconds)
Eskoms net profit shrunk by more than half to R5bn as operating costs spiral 31 Adcorp reports employment nudged upwards in June the first increase in six months boosted by a turnaround in formal sector jobs Global markets are mixed after poor Chinese export numbers with many awaiting the release of the Federal Reserves June minutes later today
Tags // Business  News  10  July  2013 
Channels // Summit TV 
Added: 1538 days ago by bdfm
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More employers are adding jobs ahead of the crucial Christmas period according to staffing group Adcorp But the firm sees a bleak future for SAs jobs market It reckons unemployment is set to top 45 in ten years if we dont free up our labour laws Deloittes predicting slim pickings this festive season Its Holiday Survey shows that almost twothirds of South African shoppers plan to spend less this season And 41 reckon were still in recession Telkom shares are under pressure today The telecoms group sees first-half profits falling by up to 20 Labour costs and that sexy new 8ta campaign are to blame
Tags // Business  News  10  Nov  2010 
Channels // Summit TV 
Added: 2512 days ago by bdfm
Runtime: 3m21s | Views: 797 | Comments: 0
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Julius Malemaleader of the ANC Youth League has been suspended from the party after its national disciplinary committee found him guilty of misconduct and sowing division Shares in Anglo American shot up more than 4 today on news that it sold 24 5 of its South American copper assets to Mitsubishi for 5 4bn Gold Fields is crediting a surge in the gold price for a jump in profits HEPS came in at 284c for the quarter to September That compares to 176c the previous quarter
Tags // Business  News  10  November  2011 
Channels // Summit TV 
Added: 2147 days ago by bdfm
Runtime: 2m43s | Views: 589 | Comments: 0
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Its back to the drawing board for Standard Banks overseas expansion plans The banks reluctantly agreed to sell its 36 4 stake in Russian brokerage Troika Dialog for 372 million Standards made a cool profit on the sale but what next for its international ambitions Trade activity as measured by SACCI has rebounded strongly The business bodys latest Trade Activity Index jumped to 56 in February after a post Christmas slump And employment conditions moved back into positive territory for the first time since April 2010 Japans sputtering economy was dealt a fresh blow today after this mornings devastating earthquake At least 44 people were killed homes and businesses destroyed and millions without power The Bank of Japans pledged its utmost to ensure financial stability But KPMG says the disaster could have significant knock on effects
Tags // Business  News  11  March  2011 
Channels // Summit TV 
Added: 2391 days ago by bdfm
Runtime: 6m4s | Views: 818 | Comments: 0
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The RMBBER Q1 business confidence index has dipped by two points to 41 in another sign that local companies are losing faith in the outlook Jacob Zuma says the growth of the SA economy has been inadequate compared to other emerging nations as the ANC releases a 20year review document The JSE reports its net profit after tax rose 68 to a record high of R507m in 2013 up from R302m in 2012
Tags // Business  News  11  March  2014 
Channels // Summit TV 
Added: 1294 days ago by bdfm
Runtime: 3m2s | Views: 207 | Comments: 0
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South Africas factories are still battling to gain momentum following the recession Manufacturing output slowed to 46 in March from 57 in February Anglogold Ashantis finally cashing in on higher gold prices March cash flows jumped to 513 million after the miner closed out its hedge book And Anglogolds forecast improved costs and production in the second half of the year too And ArcelorMittal South Africa has moved back into the black after a fourthquarter loss of almost R500 million Year on year though earnings are 75 down But the steelmakers predicting a significant improvement in second quarter profits on higher sales volumes and prices
Tags // BUSINESS  NEWS  11  MAY  2011 
Channels // Summit TV 
Added: 2330 days ago by bdfm
Runtime: 5m16s | Views: 570 | Comments: 0
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One of the quickest Uturns in Cabinet history Hours after revealing plans to sell state assets to help pay for Kusile the governments now insisting that it hasnt actually decided yet But it will somehow find another R20billion for EskomThe factories have put in their weakest performance in ten months Output rose just 14 yearonyear in September well below forecastsAnd AngloGold Ashanti more than doubled third quarter profits thanks to record gold prices But Mark Cutifani is predicting fullyear output at the bottom end of his forecasts
Tags // Business  News  11  Nov  2010 
Channels // Summit TV 
Added: 2510 days ago by bdfm
Runtime: 2m54s | Views: 753 | Comments: 0
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African Bank has decided to pay a 5c per share final dividend despite an 88 drop in headline earnings and a R55 billion rights offer Lonmin has posted a forecast beating annual pretax profit of 140m as both sales and cost cutting exceeded targets Vodacom reports HEPS rose to 4381 cents per share in the six months to end September with strong growth in the domestic market
Tags // Business  News  11  Nov  2013 
Channels // Summit TV 
Added: 1414 days ago by bdfm
Runtime: 2m45s | Views: 325 | Comments: 0
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The JSE was trading weaker in afternoon trade in line with global markets Analysts say thats on the back of profit taking Richemont is crediting strong demand especially in Asia for a surge in first half sales These rose 29 to 4 2bn With a battle raging in Italy over a similar emergency cabinet Greeces new Prime Minister Mr Papademos has 100 days to start fulfilling the terms of a 130bn bailout plan aimed at keeping Greece solvent
Tags // Business  News  11  November  2011 
Channels // Summit TV 
Added: 2146 days ago by bdfm
Runtime: 2m10s | Views: 519 | Comments: 0
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The Constitutional Court has ruled that only Kumba Iron Ores subsidiary could apply for the rights to part of its Sishen mine bringing to a close an unsettling chapter in the countrys recent mining history PPI slows more than expected to 58 YY in November from 63 in October after economists expected factory prices to slow to 61 Pick n Pay says it will remain open on Sunday and donate profits to charity after other major retailers announce theyre shutting shop for Nelson Mandelas Qunu burial
Tags // Business  News  12  Dec  2013 
Channels // Summit TV 
Added: 1383 days ago by bdfm
Runtime: 3m17s | Views: 299 | Comments: 0
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Royal Bafokeng Holdings has announced it will be increasing its stake in RMB Holdings and RMI Holdings from 5 to 15 in a deal worth some R45bn Telkom says its entered into an MOU relating to a potential strategic venture with SouthKorean based KT Corporation The deal could see KT acquiring a 20 stake in Telkom Dimension Data is crediting a strong improvement in sales for a double digit jump in profits for the year to September 2011 Revenues rose 148 to 579bn while operating profit increased by 108
Tags // Business  News  12  December  2011 
Channels // Summit TV 
Added: 2115 days ago by bdfm
Runtime: 2m20s | Views: 911 | Comments: 0
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ABSA CEO Maria Ramos is to forgo her bonus after the banking group reported a 7 drop in headline earnings per share Kumbas headline earnings fell 28 in the year to R122bn showing the effects of above inflation cost increases at its mining operations Kululacom owner Comair returns to first half profit helped by costcuts better ticket prices and new fuel saving planes
Tags // Business  News  12  February  2013 
Channels // Summit TV 
Added: 1686 days ago by bdfm
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Jacob Zuma has the perfect opportunity to lead from the front on pay The commission on pay for public officials is recommending a 7 rise more than double inflation But will the president accept Pravin Gordhan did say thered be no magic wand from Seoul Instead it looks like a stick of fudge The G20 leaders have agreed little more than watereddown commitments and to push back the details til next year David Pilling Asia Editor for the Financial Times gives his take on what it means And investors are piling into Johann Ruperts Richemont today Sales and profits both soared in the first half And the long awaited recovery in its key market Europe has finally arrive
Tags // Business  News  12  Nov  2010 
Channels // Summit TV 
Added: 2510 days ago by bdfm
Runtime: 3m25s | Views: 816 | Comments: 0
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Stats SA says mining production growth slowed to 31 YY in January down from 122 in December while manufacturing output climbed 25 Shares of distribution and warehousing company Dawn fell almost 4 despite posting an 18 rise in H1 operating profit ICASA announces its launching an inquiry into the state of competition in the ICT sector to address a range of issues which may lead to a fullblown investigation
Tags // Business  News  13  March  2014 
Channels // Summit TV 
Added: 1292 days ago by bdfm
Runtime: 3m7s | Views: 275 | Comments: 0
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Anglo American operating profit grew 6 to 66bn for the year to end December 2013 but it was forced to writedown the value of mining assets by almost 2 billion Talks between AMCU and the CCMA regarding a costly wage strike in the platinum sector have been postponed again De Beers reports a 112 rise in operating profit to over 1 billion dollars for the year as it ups production by 12
Tags // Business  News  14  Feb  2014 
Channels // Summit TV 
Added: 1320 days ago by bdfm
Runtime: 3m58s | Views: 244 | Comments: 0
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Gold Fields implores government and unions to urgently collaborate with the mining industry or risk more disinvestment falling output and job losses Harmony Gold and unions have struck a deal to restart work at the Kusasalethu mine which could save 6000 jobs Implats reports a 78 plunge in firsthalf profit and said it will issue a 500 million convertible bond to prop up its balance sheet
Tags // Business  News  14  February  2013 
Channels // Summit TV 
Added: 1684 days ago by bdfm
Runtime: 3m19s | Views: 354 | Comments: 0
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Telkoms on the hunt for a new CEO again Acting chief Jeffrey Hedberg wont be renewing his contract in March And Telkoms not saying wholl replace him Aspen is one step closer to owning Sigmas pharmaceuticals arm It says all outstanding conditions to the R61 billion deal have now been met The deal will give Aspen around a quarter of the Australian generic drug market And the super rich clearly havent felt the recessions pinch Luxury carmaker Rolls Royce has posted a record set of profits for 2010 America was once again its biggest market followed by China and the UK
Tags // Business  News  14  January  2011 
Channels // Summit TV 
Added: 2447 days ago by bdfm
Runtime: 3m1s | Views: 760 | Comments: 0
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Stats SA reports mining production growth came in at a lowly 51 in November from Octobers 23 Sacci says the escalating costs of doing business including electricity and municipal levies is the biggest concern for local corporations JPMorgan Chase reports a 73 drop in quarterly profit after paying penalties for not reporting suspicions of fraud by Ponzi scheming client Bernie Madoff
Tags // Business  News  14  January  2014 
Channels // Summit TV 
Added: 1351 days ago by bdfm
Runtime: 2m24s | Views: 261 | Comments: 0
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Transnet is looking to revamp the site of a maritime container port at the old Durban airport Its to pump R50bn into the first phase of the project The Rand firmed against the dollar in late trade Pundits are citing a series of positive data from China The local unit was last at R672 to the dollar Glencore posted a 45 jump in operating profit Its crediting a strong performance from its oil and grain divisions
Tags // Business  News  14  June  2011 
Channels // Summit TV 
Added: 2295 days ago by bdfm
Runtime: 3m12s | Views: 899 | Comments: 0
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Furniture manufacturer and logistics group Steinhoffs taken a 26 stake in JD Group in exchange for its South African retail assets Steinhoff tried and failed to buy all of JD in 2007 So what does this deal mean for shareholders Construction heavyweight Aveng is battling Government foot dragging on infrastructure spend Firsthalf profit tumbled 35 as tougher competition ate into margins And Aveng is warning the next half will be tough too And oil exploration junior SacOils slammed a shareholder report that it published incorrect and misleading information about its deals in the DRC But the markets giving this one a wide berth SacOil shares have shed over 6 on the JSE so far
Tags // Business  News  14  March  2011 
Channels // Summit TV 
Added: 2388 days ago by bdfm
Runtime: 4m37s | Views: 497 | Comments: 0
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Demand for Barloworlds heavy duty mining machinery helped the group book a 120 rise in full year profit Barloworlds also confirmed its in talks with US group Caterpillar to distribute more of its products Harmony Gold is hanging onto its Papua New Guinea assets for the moment The gold miner says its received numerous approaches to buy the mines but reckons selling now would not realise their full value And Finance Minister Pravin Gordhan has promised a clear legal framework to deal with foreign investment within about a year after speaking at BUSAs AGM this mornin
Tags // Business  News  14  November  2011 
Channels // Summit TV 
Added: 2142 days ago by bdfm
Runtime: 2m6s | Views: 463 | Comments: 0
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Transport Minister Sbu Ndebele is doing his bit for the ANCs local government election campaign He is promising to spend more than R22 billion filling potholes He reckons the plan will create 70 000 jobs this year alone Absa has topped full year profit forecasts thanks largely to a 33 drop in bad debt charges But Maria Ramos is warning revenue growth will be subdued this year And yet another blue chip builder has been forced into a costly write down WBHO is taking a charge against its steel and ready mix business That will cut first half profits by up to a fifth
Tags // Business  News  15  February  2011 
Channels // Summit TV 
Added: 2415 days ago by bdfm
Runtime: 3m52s | Views: 578 | Comments: 0
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SACCI says trade conditions are showing signs of recovery Its trade activity index came in at 50 points in May from 47 the month before Retail sales surged 98 in April from 53 the month before Pundits are crediting a series of public holidays for the rise And despite a fall in profits mining group Sentula posted a jump in HEPS of 161c
Tags // Business  News  15  June  2011 
Channels // Summit TV 
Added: 2295 days ago by bdfm
Runtime: 2m14s | Views: 538 | Comments: 0
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R250 million in exports in danger as De Doorns farm violence spirals leading to tonnes of produce rotting in warehouses Investecs share price rises over 3 after reporting profits increased 2 6 to 2294m in the six months to September Sugar producer Illovo is upbeat about its future as it hikes production in biofuels and reports strong results
Tags // Business  News  15  November  2012 
Channels // Summit TV 
Added: 1775 days ago by bdfm
Runtime: 2m58s | Views: 445 | Comments: 0
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The JSE was trading higher in midday trade as it tracked global stocks ahead of a futures closeout and positive news out of Europe Investec says operating profit for the six months ended September is expected to be in line with the prior year with four of its six operating divisions showing an improved performance Mvelaserve says headline earnings per ordinary share for the year to June rose to 159 8c Thats a 42 2 rise from the year earlier period
Tags // Business  News  15  September  2011 
Channels // Summit TV 
Added: 2203 days ago by bdfm
Runtime: 2m37s | Views: 496 | Comments: 0
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The Competition Commissions made an about turn After approving the WalmartMassmart tieup it now says conditions should be imposed on the deal Walmart maintains that conditions are not necessary but its now promising no retrenchments for at least two years and proposed a 100m fund to help support local suppliers Gold One Internationals invited a consortium of Chinese investors to become its long term strategic partner and major shareholder The consortium has made a cash offer of 408 for Gold One shareholders wishing to exit Its looking to secure a 60 to 75 shareholding Vodacom reported a 28 rise in fullyear profit Its crediting a 9 increase in subscribers increased data revenue and smaller writedowns related to its struggling satellite services firm Gateway Diluted headline earnings per share totaled 6543 for the year to end March It declared a final dividend of 280
Tags // Business  News  16  May  2011 
Channels // Summit TV 
Added: 2325 days ago by bdfm
Runtime: 4m34s | Views: 709 | Comments: 0
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Mines that close should be nationalised says new union AMCU after Amplats announces plans to shut down four loss making shafts Rio Tinto CEO Tom Albanese is shown the door after the mining giant takes a 14bn hit against recently acquired coal assets in Mozambique and its 2007 Alcan acquisition The recovery in the construction industry has slowed according to the latest FNBBER construction confidence index as weak overall profitability hits earnings
Tags // Business  News  17  January  2013 
Channels // Summit TV 
Added: 1713 days ago by bdfm
Runtime: 3m44s | Views: 538 | Comments: 0
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Telkom makes it 5th time lucky as it appoints SA MD Pinky Moholi to the corner office But can this onetime engineer produce a turnaround at the struggling Telecoms group Bad debts are proving a headache for Investecs Stephen Koseff The bank says the slower recoverys delayed improvements to the level of non-performing loans But it is forecasting a slight lift in full year profit And a welcome rise in building plan approvals should hearten the construction sector The value of building plans passed by larger municipalities jumped 36 in January thanks to a surge in commercial activity
Tags // Business  News  17  March  2011 
Channels // Summit TV 
Added: 2384 days ago by bdfm
Runtime: 5m22s | Views: 679 | Comments: 0
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Investecs share price dips 5 on a trading statement that sees the company expecting firsthalf profit to decline by up to 10 after a drop in both lending and assets under management Clover reports HEPS for the year to endJune totalled 1115 cents from 1087 cents a year earlier and its declared a final dividend of 22 cents a share US stock index futures have slipped before the start of the US Federal Reserves two day policy meeting that could outline plans to begin reducing its stimulus measures
Tags // Business  News  17  Sep  2013 
Channels // Summit TV 
Added: 1469 days ago by bdfm
Runtime: 3m10s | Views: 297 | Comments: 0
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Private schools group Curro Holdings is again going to market to raise cash this time its looking for R589 million from shareholders to fund fasterthanexpected growth with headline earnings per share up 87 for the year ended December BHP Billiton beat market forecasts with a 31 rise in firsthalf underlying profit and hinted at a share buyback and generous dividend come yearend Aveng shares are under pressure after the construction firm warned investors to expect a 20 to 25 slide in firsthalf earnings Aveng GrinakerLTA generated a materially higher loss in the period under review while the contribution from mining has fallen too
Tags // Business  News  18  Feb  2014 
Channels // Summit TV 
Added: 1315 days ago by bdfm
Runtime: 2m49s | Views: 233 | Comments: 0
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African Bank says its full year profit is likely to fall by as much as 63 hit by higher provisions for bad debts and a loss at its furniture unit CPI rises 64 in August with economists saying the data would have little impact on the outlook for interest rates as the Reserve Bank meets Russian investors are setting up a new ferrochrome beneficiation operation in South Africa and say they can produce the alloy at lower prices than smelters in China that dominate the industry
Tags // Business  News  18  Sep  2013 
Channels // Summit TV 
Added: 1468 days ago by bdfm
Runtime: 3m16s | Views: 286 | Comments: 0
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Japanese group Kansai has been given the green light to merge with Freeworld Coatings Whether itll still want to is another matter The Competition Commissions attached a string of conditions to the deal including an order that Kansai sell the entire automotive coatings business of Freeworld and then set up a new automotive facility within 5 years DRDGolds officially hunting buyers for its Blyvoor mine While Blyvoors now profitable DRD says the asset no longer fits its strategic focus Its hoping to have a sale wrapped up by August And SABMillers topped market forecasts with a 3 increase in beer volumes over the past quarter For the year lager volumes rose 2 thanks to strong performances in Africa and Peru
Tags // Business  News  19  April  2011 
Channels // Summit TV 
Added: 2352 days ago by bdfm
Runtime: 3m56s | Views: 577 | Comments: 0
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The JSE was trading over a percent weaker as fears over global economic growth spooked investors Gold has scaled fresh highs powering to 186400 an ounce at one stage today Dimension Data says operating profit for the third quarter to June rose 147 to 74m
Tags // Business  News  19  August  2011 
Channels // Summit TV 
Added: 2230 days ago by bdfm
Runtime: 2m41s | Views: 378 | Comments: 0
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Statistics SA says South Africas annual consumer inflation picked up to 58 in January higher than consensus estimates and Decembers rise of 54 Adcock Ingrams top two shareholders have forced its chairman to resign after a longrunning battle for control of the company AngloGold Ashanti has posted its first fullyear output increase in 9 years and says a fourth quarter jump in profit is a sign of better results to come in 2014
Tags // Business  News  19  Feb  2014 
Channels // Summit TV 
Added: 1314 days ago by bdfm
Runtime: 2m56s | Views: 252 | Comments: 0
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Amplats workers down tools at the Siphumelele platinum mine near Rustenberg while CEO Chris Griffiths meets Minerals Minister Susan Shabangu Shoprite shares dip over 3 after it reports a 125 rise in first-half profit helped by a robust performance from its stores outside South Africa CEO remuneration in South Africa is out of synch with performance according to a survey which shows the most overpaid executive is Northam Plats Glyn Lewis and most underpaid is Netcares Richard Friedland
Tags // Business  News  19  february  2013 
Channels // Summit TV 
Added: 1679 days ago by bdfm
Runtime: 2m54s | Views: 474 | Comments: 0
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Investec fell short of expectations with a 45 decline in fullyear profit But the group is upbeat about growth prospects in the year ahead Goldfields posted HEPS of 41c for the March quarter Its keeping its attributable production guidance for the year to December unchanged thats despite an 8 drop in the March quarter Global brewing giant SABMiller posted a 9 rise in adjusted earnings per share to 13696 from 12538 previously It says its bullish on prospects in emerging markets
Tags // Business  News  19  May  2011 
Channels // Summit TV 
Added: 2321 days ago by bdfm
Runtime: 4m44s | Views: 544 | Comments: 0
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Telkom could be planning to cut jobs as it considers ways to reduce costs after it reports a 645 drop in basic earnings per share Barloworld defers mining capital expenditure plans due to labour instability as it releases its year to September figures which show operating profit up 31 Lomin shares rise almost 5 after last weeks rights issue backing from global diversified mining group Xstrata
Tags // Business  News  19  November  2012 
Channels // Summit TV 
Added: 1771 days ago by bdfm
Runtime: 2m1s | Views: 409 | Comments: 0
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Sasko Sam producer Pioneer Foods has submitted to an extraordinary set of demands to settle those price-fixing fines. It includes paying out R500-million more cutting its profits on bread and wheat and stepping up capex Its warned profits this year could be almost wiped out and therell be no final dividend either Nick Badminton is betting on the recovery in Zim Pick N Pays almost doubling its stake in that countrys biggest supermarket chain And new vehicle sales have picked up speed But the motor industrys still struggling with the after effects of those Samwu strikes
Tags // Business  News  2  Nov  2010 
Channels // Summit TV 
Added: 2520 days ago by bdfm
Runtime: 2m23s | Views: 654 | Comments: 0
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Shoprite says it plans to open 171 new stores by June 2014 including 47 outside South Africa BHP Billitons share price drops 16 after it reports H2 profit which came in 15 lower at 612bn Stocks have weakened across the globe on speculation the Federal Reserve will curb bond purchases next month
Tags // Business  News  20  August  2013 
Channels // Summit TV 
Added: 1497 days ago by bdfm
Runtime: 3m38s | Views: 257 | Comments: 0
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Xstrata shareholders to vote today on whether to accept a Glencore buyout after Qatar Holding backed the deal Eskom s net profit has dipped to R12 6bn in the six months ended September 2012 as its financial director Paul OFlaherty resigns The RMB BER Business Confidence index shows respondents remain downbeat about the economic outlook
Tags // Business  News  20  November  2012 
Channels // Summit TV 
Added: 1770 days ago by bdfm
Runtime: 2m42s | Views: 438 | Comments: 0
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