Nedbank Group Ltd is a South Africa-based holding company. The company, through its subsidiaries, offers various banking and financial solutions. Old Mutual Plc is its majority shareholder, with a 54.0% ownership of the group.
FirstRand Limited (FirstRand) is a South African-based integrated financial services company consisting of banking, insurance and asset management operations. Continue reading Stock Focus: First Rand (FSR)
Barclays Africa Group Limited, formerly Absa Group Limited, is a South African-based financial services organization offering a range of retail, commercial, corporate and investment banking, financial services and wealth management products and services. The company also provides products and services to selected markets in the United Kingdom, Mozambique, Tanzania, Namibia, Nigeria and Botswana.
Trading conditions continued to be challenging over the past six months as consumers remained cash constrained and value conscious. In this environment the Clicks has continued to trade well, with all the retail brands delivering real volume growth and gaining market share. The group’s pharmaceutical distribution business, UPD, also continues to gain market share.
Shareholders are hereby advised that Pioneer Foods has entered into an agreement to acquire a 50% shareholding in FUTURELIFE Health Products (Pty) Ltd, a scientifically formulated nutrient-dense functional food products company, for an undisclosed purchase consideration.
SABMiller plc today issues its trading update for the 12 months ended 31 March 2015.
Alan Clark, Chief Executive of SABMiller, said:
“Our topline performance was strong in the final quarter, driven by double digit revenue growth in Africa and sustained growth in Latin America. Asia Pacific also returned to growth during the last three months of the year as lager volumes in China returned to growth. In the final quarter our revenues grew by 6%, repeating the strength of the first quarter, while full year revenue growth of 4% was driven by revenue per hectolitre growth in all regions”
In a bid to help South Africans adequately prepare for their financial future the Johannesburg Stock Exchange is pleased to announce the launch of its Tax Free Savings Account (TFSA) initiative.