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Vodafone considering options for Ghana business in Africa restructuring

27 Jan 2021 /  Loni Prinsloo and Thomas Seal, Bloomberg  
Could sell majority stake to Vodacom.

TikTok owner’s sales doubled to $35bn despite US ban

27 Jan 2021 /  Bloomberg News   
Company managed to grow operating profit to roughly $7bn in 2020 from less than $4 billion the prior year

AstraZeneca’s vaccine testing stumble draws investor lawsuit

27 Jan 2021 /  Bloomberg News   
Pharmaceutical company being sued by a pension fund.

African Bank: The good, the bad, and the worrying

27 Jan 2021 /  Moneyweb   13
Despite some promising indicators, its lending book has clearly deteriorated.

Steinhoff revives Pepco listing plans

26 Jan 2021 /  Janice Kew and Konrad Krasuski, Bloomberg   1
After pandemic delay.

Pepkor Q1 sales rise as cash-strapped shoppers seek value

26 Jan 2021 /  Nqobile Dludla, Reuters  
Sales in its first quarter rose by 7.7%.

African Bank reports loss a day after CEO’s surprise resignation

26 Jan 2021 /  Loni Prinsloo, Bloomberg   7
The unsecured lender swung to a R560 million loss in the 12 months through September, compared with a year-earlier profit of R267 million.

[TOP STORY] Will debt-laden Ascendis have to sell its crown jewel?

26 Jan 2021 /  Simon Brown  
‘Blantyre and L1 Health have just added to the cocktail of what Ascendis could potentially become in the next 12 to 18 months’ – Small-cap analyst Anthony Clarke.

Tencent tumbles after stock approached $1tr valuation

26 Jan 2021 /  Sofia Horta e Costa, Bloomberg  
Chinese Internet behemoth loses as much as 5.5% in Hong Kong on Tuesday.

Woolies Food has a bumper festive season

26 Jan 2021 /  Suren Naidoo   5
But its clothing and Australian divisions continue to struggle in the face of Covid-19.

Objection to witness evidence delays former Sharemax auditors’ disciplinary hearing

26 Jan 2021 /  Roy Cokayne   5
Three auditors face a total of 413 improper conduct charges related to the failed property syndication scheme.

SAA voluntary severance packages payments expected end of January

25 Jan 2021 /  Thando Maeko   4
Employees signed VSP agreements in August 2020.

Old Mutual trading update states only the obvious

25 Jan 2021 /  Adriaan Kruger   6
Unchanged share price indicates shareholders expect much the same in the second six months than in the first half of the year.

Woolworths shares soar on expected profit surge

25 Jan 2021 /  Promit Mukherjee, Reuters   1
Its online sales in SA in the food segment grew by almost 160% and contributes more than 2% to overall sales.

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