A brief glance at Afrimat:
Its results, the Infrasors acquisition
and where management is taking the company. Afrimat released its annual 13
results last week, reporting revenue up 34% to R1.3bn (FY 12: R1bn) and headline
earnings per share growth of 23% to 76.9cps (FY 12: 62.6cps). The Group produced
excellent cash generation and still has a very comfortable balance sheet. The
Clinker Group’s results were consolidated for the full FY 13 period adding
revenues of R285m (FY 12: Rnil) and PAT of R47m (FY 12: Rnil) to the Group's
results.
Gas game-changer for SA:
Dames: Gas infrastructure is also
cost-effective - Dames. Gas can be a "game-changer" for South Africa in the
power sector, Eskom CEO Brian Dames said on Tuesday. He said Eskom was
particularly aware of the deficit in access to electricity, and that there was a
growing role for gas in the country and in the sub-Saharan region. "It is a lot
less carbon intensive than fossil fuels, and some of the cleanest fossil fuel,"
he told delegates at the African Utility Week conference in Cape
Town.
Work at all shafts halted:
Lonmin: Shares open 5% lower.
JOHANNESBURG - Workers at the South African operations of platinum producer
Lonmin (JSE:LON)
have gone on a wildcat strike, the company said on Tuesday, halting work across
its operations and reigniting fears of deadly unrest that hit the industry last
year. The platinum belt city of Rustenburg is a potential flashpoint with
tensions running high with job cuts and wage talks looming. One of Lonmin's
operations were the hotspot of last year's strikes, where 34 workers were killed
by police in a single day at its Marikana operation in
August.
India’s on Life Healthcare’s
radar: And plans to add 1 000 beds in
SA over the next few years. South Africa’s second-largest private hospital owner
by market value, Life Healthcare Group Holdings (JSE:LHC),
will seek expansion opportunities in India and Africa to respond to slower
profit growth. Net income increased 15% to R790 million in the six months
through March, compared with a 25% gain a year earlier, the Johannesburg-based
company said in a statement on Tuesday. Paid patient days rose 1.5%, compared
with 6% in 2012. Life Healthcare will pay a half-year dividend of 54 cents a
share, an increase of 20%.
Other highlights from the
results:
- Paid patient days (PPDs): +1.5%
- Revenue: +7.0% to R5 638 million
- Operating profit: +12.7% to R1 361
million
- Normalised earnings per share: +14.5% to 71.3
cents
PIC would prefer SA buyer
for Adcock: Following its non-binding
proposals received last week. The Public Investment Corp., the biggest
shareholder in takeover target Adcock Ingram, would prefer a South African
company to buy the country’s largest supplier of hospital goods. “Shareholder
returns have to be balanced with social returns and what is important for South
Africa at large,” PIC Chief Investment Officer Dan Matjila said. “Health is an
important priority in terms of its social impact and a local player would also
help drive Adcock’s empowerment objectives.” PIC, which has a 14% stake in
Adcock, oversees the pension funds of South African government workers. Adcock’s
empowerment objectives refer to the country’s aim to ensure greater black
ownership in all companies that had little or none under
apartheid.
Cosatu to march against
e-tolls, again: Vows to have 'a total
shutdown. 'Cosatu has vowed to take to Gauteng's highways later this month and
shut them down to protest against e-tolling and labour brokers. The union
federation had held discussions with both the Gauteng and national governments
in an attempt to persuade them to ban labour brokers and scrap e-tolls, Congress
of SA Trade Unions Gauteng secretary Dumisani Dakile said on Tuesday. "We have
also had discussions with the African National Congress in an attempt to deal
with these two central issues, and these discussions have not yielded any
positive outcomes thus far."He said many members of the ANC in state and
government and members of society supported Cosatu in its campaign against these
two issues.
IMF trims sub-Saharan Africa
growth outlook to: To 5.7% in
2014.ACCRA - The IMF on Tuesday trimmed its growth outlook for sub-Saharan
Africa to 5.4% in 2013 and 5.7%in 2014 but said economic activity was being
supported by rising investment and booming extractive industries.The IMF had
forecast sub-Saharan Africa's growth at 5.6% and 6.1% respectively in its World
Economic Outlook in April."Sub-Saharan Africa will be among the fastest growing
places in the world ... second only to developing Asia," Antoinette Sayeh,
director of the IMF's Africa department, told journalists in Ghana's capital
Accra.
SAA to take delivery of
twenty airbus Planes: The aircraft form
part of a broader fleet replacement plan - Gigaba. JOHANNESBURG - South Africa's
national airline will start taking delivery of twenty Airbus A320 aircraft
valued at R10bn in the next quarter, Public Enterprises Minister Malusi Gigaba
said on Tuesday. "(The aircraft) form part of a broader fleet replacement plan
that aims to address the fuel inefficiency of SAA's current long-haul fleet,"
Gigaba told parliament.
Source: 28E Capital (Pty) Ltd
No comments:
Post a Comment