|Bid||6.10 x 80000|
|Ask||6.30 x 120000|
|Day's Range||6.30 - 6.30|
|52 Week Range||5.30 - 11.41|
|Beta (5Y Monthly)||0.58|
|PE Ratio (TTM)||9.14|
|Forward Dividend & Yield||0.19 (2.97%)|
|Ex-Dividend Date||Mar 12, 2020|
|1y Target Est||N/A|
Nigeria's President Muhammadu Buhari will visit South Africa next month to reinforce the bonds between the two countries after a wave of deadly riots and xenophobic attacks, the South African presidency said on Saturday. South Africa's MTN Group and supermarket chain Shoprite have closed all stores and service centres in Nigeria after their premises were attacked. South African President Cyril Ramaphosa said on Thursday at least 10 people had been killed, two of them foreign nationals, in violence that began in Pretoria and spread to nearby Johannesburg.
Emerging market currencies and stocks rose on Thursday after the U.S. Federal Reserve's dovish outlook from the previous day provided a shot in the arm to risk sentiment and set equities for their best monthly showing in nearly three years. The Fed matched investors' expectations in leaving borrowing costs unchanged but its signalling of an extended pause on rate hikes softened the dollar. "The rally does lift all boats, first it will be the safer credits and in a couple of days it will move into the high yields," said Pictet EM portfolio manager Guido Chamorro, referring to improved appetite for high-yielding debt on the back of the Fed's dovish outlook.
Emerging market stocks and currencies slid on Tuesday, as fears of slowing global growth left investors queuing up to exit developing world markets and move into safer assets which reflected their downbeat risk appetite. The International Monetary Fund trimmed its global growth forecasts on Monday as trade tensions and uncertainty loomed, a warning which came shortly after China reported its slowest growth in 28 years for 2018.
Shoprite Holdings, South Africa's biggest supermarket chain, said on Tuesday it would pay customers for reusing its newly introduced recyclable bag as it joined domestic rivals in efforts to curb plastic pollution. Supermarkets have come under increased pressure to cut their use of plastic as images of littered oceans and beaches become commonplace, shocking both consumers and shareholders. South Africa does not have a law banning plastic bags.
Woolworths Holdings Ltd.’s plan to create a southern hemisphere retail giant is being hampered by impairments and slower-than-anticipated growth at its Australian department-store chain David Jones. The aim was to revive business and allow Woolworths to challenge fashion retailers Inditex SA, Hennes & Mauritz AB and Fast Retailing Co. in key markets south of the equator.
South African billionaire Christo Wiese agreed to a price-protection arrangement on some of his shares in grocer Shoprite Holdings Ltd. that led to banks placing about 3.6 billion rand ($265 million) of stock. FirstRand Ltd.’s Rand Merchant Bank and Barclays Africa Group Ltd.’s Absa Capital placed about 17 million shares with institutions at 210 rand apiece, compared with a Tuesday closing price of 224.89 rand, according to an emailed statement Wednesday. The placement was instigated by one of Wiese’s investment vehicles, Titan Premier Investments (Pty) Ltd., which is Cape Town-based Shoprite’s biggest shareholder.
South African billionaire Christo Wiese denied he did anything wrong in receiving a combined 325 million euros ($402 million) from Steinhoff International Holdings NV while he was chairman and largest ...
After a three-decade run, one of Kenya’s biggest supermarkets Uchumi closed its prime location at the Sarit Center mall in Nairobi in late February. Bedeviled by debts and stock-outs, the retailer had already been forced out of Tanzania and Uganda and saw the number of its countrywide stores in Kenya reduced to 20 branches. Uchumi’s…
Shoprite Holdings Ltd. said rising consumer confidence in South Africa could fuel higher sales growth as the continent’s biggest food retailer increased the dividend and reported market share gains in ...
South Africa's Competition Tribunal on Tuesday dismissed a complaint brought by Massmart accusing grocery retailers of anti-competitive behaviour, saying the unit of Wal-Mart had failed to present a strong case. The decision is a blow for Massmart's ambitions to expand further into the grocery market, which is dominated by industry giants such discounter Shoprite and upmarket retailer Woolworths. Massmart is in the middle of transforming its flagship Game chain from a primarily electronics retailer to one that sells groceries.