|Day's Range||83.1000 - 84.7600|
|52 Week Range||67.7400 - 105.7000|
|PE Ratio (TTM)||21.25|
|Dividend & Yield||1.80 (2.16%)|
|1y Target Est||N/A|
South Africa is in talks with China's Sinopec about its takeover of Chevron Corp's Cape Town refinery as it wants to ensure its production capacity is retained and enhanced, Economic Development Minister Ebrahim Patel said on Thursday. Sinopec will pay almost $1 billion for a 75 percent stake in Chevron Corp's South African assets and its subsidiary in Botswana to secure its first major refinery in Africa, the companies announced in March.
South African-based retailer Massmart, majority-owned by Wal-Mart Inc , reported on Thursday a near 2 percent fall in overall same-store sales in the first five months of the current year, as outlets outside its home market underperformed. Bought into by Wal-Mart seven years ago in a $2.4 billion deal that gave the world's biggest retailer a foothold in several potentially high-growth markets in sub-Saharan Africa, Massmart has struggled with weakening economies and has therefore become more cautious in its expansion policy across the region. The company, which sells everything from food to electronic devices and building materials, said comparable store sales for the first 21 weeks of the 2017 fiscal year fell 1.9 percent, with sales in South Africa down 0.4 percent and outside South Africa down by nearly 16 percent.
The industrial distributor generated a mixed set of first-quarter earnings, but is its fortune set to improve in future quarters?