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LATEST NEWS FOR Lewis Group Ltd.  

Lewis Group is a leading credit retailer of household furniture, electrical appliances and home electronics and has been listed on the JSE Ltd. since 2004 where it is classified under the General Retailers sector. Through the Lewis, Best Home and Ele... [more info]

The scale of the destruction

UPDATE
19 Jul 2021 /  Moneyweb   80
Early estimates from some of the major players are in – and the numbers are huge.

An encouragingly good week for SA Inc

31 May 2021 /  Ann Crotty   2
Good results from Barloworld and a trio of retailers, some share price sparkle for Tsogo Sun, Ayo’s 142% dive in profits and 86% increase in dividends, two cents’ on Tencent’s biggest shareholder(s), and some bank AGMs.

Non-food retailers’ future remains hazy

28 May 2021 /  Simon Brown  
Kea Nonyana from ThinkMarkets talks Lewis and Mr Price financials. Leon Lourens, Pepkor CEO, unpacks the retailer's results as debt halves and Heps rises 50%. African Bank results with CFO Gustav Raubenheimer as impairments halve but the bank still reports a loss.

Lewis and Pepkor surge to 52-week highs

12 May 2021 /  Suren Naidoo  
On the back of strong trading updates

British American Tobacco is offering value

11 Feb 2021 /  Simon Brown   
FNB's Chantal Marx talks the state of retailers and BAT ... it's cheap, are you buying? Charlie Dutton of Ninety One on investing into China and Viv Govender from Rand Swiss chats oil; what’s driving the price higher and will it hurt the global recovery?

Revego’s renewable energy fund and a look at business rescue in 2020

26 Nov 2020 /  Simon Brown  
Umthombo Wealth's Alex Duys on talks Lewis Group. Michael Meeser of Revego Fund Managers on their renewable energy fund coming to market in 2021. Werksman's Dr Eric Levenstein on business rescue in 2020.

Lewis customers turn to cash as Covid-19 hits pockets

UPDATE
26 Nov 2020 /  Thando Maeko   
The group’s credit sales increased by 1.5% during the six months to September.

Jooste: What might the psychologists say?

UPDATE
2 Nov 2020 /  Ann Crotty   2
Former Steinhoff CEO’s name will live on in infamy. Plus snippets about Lewis, PPC, MultiChoice, Naspers and Prosus.

Rand firmer, stocks drop more than 2% as power cuts disrupt

3 Sep 2020 /  Mfuneko Toyana and Nqobile Dludla, Reuters  
Bonds firmed, with the yield on the benchmark 2030 government issue down 2 basis points to 9.115%.

Money makes the world go round

31 Aug 2020 /  Ann Crotty  
Tongaat’s winners (no spoiler alert needed), Lewis’s share buyback hopes, Stefanutti Stocks’s share issue challenges, and Mr Price’s long-serving Mr Johnston re-elected to the board – the week that was.

Lewis’s share buybacks, Master Drilling results and what to look for in an annuity product

26 Aug 2020 /  Simon Brown  
FNB's Wayne McCurrie on Lewis share buybacks, Italtile results and changes to the Dow Jones. Keith McLachlan from Alpha Asset Management on Master Drilling's results and strong cash flows in USD. Just SA's Bjorn Ladewig discusses choosing an annuity product at retirement.

Lewis Group reports 30.8% drop in annual earnings

UPDATE
25 Aug 2020 /  Tumelo Modiba, Reuters   1
As the Covid-19 pandemic hit its last month of trading and increased impairments.

Lewis Group flags annual earnings drop of up to 37%

7 Aug 2020 /  Tanisha Heiberg, Reuters  
Citing an increase in debt servicing costs, the financial impact of lost trading days and an impairment charge.

Pepkor unit sold unemployment cover to pensioners on welfare

28 Apr 2020 /  Antony Sguazzin, Bloomberg    4
The NCC is suing JDG Trading.

Rand slips as US-China trade row intensifies

20 Nov 2019 /  Olivia Kumwenda-Mtambo and Tanisha Heiberg, Reuters   
Markets are in 'a tentative risk-off mood'.

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