Edward West

Multimedia Journalist, Business

Pula Group seeks expedited ruling in R3. 8bn lawsuit against African Rainbow Capital

Edward West|Published

"Pula Group has filed an urgent application with the Tanzanian High Court to expedite its $195 million lawsuit against African Rainbow Capital Investments, following ...

Banks are lowering their costs due to constrained consumer appetite for more credit

Edward West|Published

Despite a rise in business and consumer confidence, South Africa's major banks are grappling with declining net interest margins and a slowdown in loan growth, as ...

Sasol share price slumps amid operational challenges and global market pressures

Edward West|Published

Discover how a series of operational setbacks and global market dynamics have led to a staggering decline in Sasol's share price, as analysts weigh the potential ...

Rand depreciates amid fears of global recession and political instability in South Africa

Edward West|Published

The South African rand has depreciated by 2. 35% amid fears of a global recession triggered by US import tariffs, while the JSE shows signs of recovery after recent ...

Muneer Ismael appointed FirstRand Group Executive for corporate and enterprise banking

Edward West|Published

Muneer Ismail, former CEO of HSBC South Africa, is set to join FirstRand as Group Executive for corporate and enterprise banking, effective July 1, 2025, bringing ...

Sirius Real Estate reports 12. 8% rent roll growth for 2025

Edward West|Published

Sirius Real Estate has announced a remarkable 12. 8% increase in rent roll for the year ending March 31, 2025, driven by strong organic growth and strategic acquisitions ...

Global stock markets, JSE fall hard as South Africa faces political and economic turmoil

Edward West|Updated

Global stock markets experienced significant declines on Friday, with the JSE All Share Index dropping 5. 26% due to fears of a global recession stemming from Donald ...

Grindrod's strategic acquisition bolsters presence amid challenging trading conditions

Edward West|Published

Grindrod’s strategic acquisition at Maputo port marks a decisive moment in its vision to enhance logistics and exports across Africa, despite facing a myriad of ...

MTN's ethical dilemma: human rights violations amid internet shutdowns

Edward West|Published

MTN, a leading telecommunications provider in Africa, faces allegations of complicity in human rights violations due to government-mandated internet shutdowns. This ...

Tongaat Hulett's business rescue: New investors secure credit approval

Edward West|Published

Tongaat Hulett's business rescue reaches a crucial milestone as new investors secure credit approval, paving the way for the completion of their acquisition and ...

iOCO plans debt reduction and potential acquisitions after profitable turnaround

Edward West|Published

iOCO's co-CEO Thys Summerton reveals plans for debt reduction and potential acquisitions after reporting six months of profitability, highlighting a strategic reset ...

Umngeni-Uthukela Water reports sharp drop in profit due to municipalities' unpaid bills

Edward West|Published

In a surprising turn of events, Umngeni-Uthukela Water saw profits plummet due to municipalities’ unpaid water bills. Explore the latest financial impacts and management ...

Mondi completes €634 million acquisition of Schumacher Packaging assets

Edward West|Published

Mondi has successfully acquired the Western Europe packaging assets of Schumacher Packaging for €634 million, enhancing its capabilities and expanding its market ...

Renergen announces successful helium exports and increased LNG production

Edward West|Published

Renergen reports a 22% increase in LNG production and the successful export of its first helium shipment, while navigating legal challenges and preparing for a Nasdaq ...

Jubilee Metals Group faces challenges as chrome prices drop and earnings decline

Edward West|Published

Jubilee Metals Group reports a 51% revenue increase to $141. 5 million for the first half of the 2025 financial year, but faces a 6. 8% decline in earnings due to ...

Vukile Property Fund forecasts 6% dividend uplift amid strong growth

Edward West|Published

Vukile Property Fund announces a forecasted 6% dividend uplift following strong growth, driven by strategic acquisitions in Spain and Portugal, while maintaining ...

AECI announces sale of Improchem public water business to black-owned consortium

Edward West|Published

AECI has announced the planned sale of its Improchem Public Water Business to a South African majority black-owned consortium, marking a significant step in its ...

Earnings soar for York Timber Holding as revenue and production increase

Edward West|Published

York Timber Holding has reported a remarkable increase in headline earnings per share, driven by a successful turnaround plan and improved operational efficiencies ...

Standard Bank executives' remuneration increases and decreases: A detailed report

Edward West|Published

Discover how the remuneration of Standard Bank's top executives has changed in 2024, with insights into performance metrics and the impact of shareholder feedback ...

Rex Trueform reports decline in earnings and revenue amid economic challenges

Edward West|Published

Rex Trueform's interim results reveal a 3% drop in earnings per share and a decline in revenue, highlighting the challenges faced by the retail sector in a constrained ...

Netcare reports modest growth in patient days amid holiday timing challenges

Edward West|Published

Netcare's trading update reveals a modest 1. 1% increase in paid patient days for the first half of 2025, influenced by holiday timings, while revenue growth is ...

Gerrie Fourie retires as CEO of Capitec Bank; Graham Lee appointed successor

Edward West|Updated

Gerrie Fourie, the founding CEO of Capitec Bank, will retire on July 18, 2025, after 25 years of leadership. Graham Lee, who has been with the bank since 2003, will ...

CA Sales Holdings announces 24. 9% dividend increase amid strong growth

Edward West|Published

CA Sales Holdings has reported a 24. 9% increase in its final dividend, driven by robust revenue growth from acquisitions and expansion into new markets, despite ...

PPC share price surges 9. 5% after board green lights R3bn cement plant in Western Cape

Edward West|Updated

PPC's share price surged by 5. 84% following the announcement of a R3 billion cement plant in the Western Cape, alongside a significant solar power project aimed ...

Ascendis Health reports 11. 7% increase in net asset value per share

Edward West|Updated

Ascendis Health has reported an 11. 7% increase in tangible net asset value per share, driven by strong performance in its medical portfolio and strategic acquisitions. ...