Edward West

Multimedia Journalist, Business

Tharisa reports 27% increase in third quarter reef mining volumes despite lower guidance

Edward West|Published

Tharisa, a leading platinum and chrome mining group, has reported a 27. 7% increase in reef mining volumes for Q3, despite lowering its full-year guidance. CEO Phoevos ...

EnX Group announces special dividend, shares surge over 5%

Edward West|Published

EnX Group's share price increased by over 5% following the announcement of a special dividend after completing several divestments, despite a decline in revenue ...

US tariffs threaten South Africa's economic growth and job market

Edward West|Published

High tariffs imposed by the US on South African exports threaten to de-industrialise the country, stifle economic growth, and increase unemployment, according to ...

South African AI startup Cerebrium raises R150 million to scale its innovative platform

Edward West|Published

Cerebrium, a South African serverless AI platform, has raised $8. 5 million in seed funding led by Gradient, aiming to revolutionise AI application development and ...

Orion Minerals raises capital to advance Prieska Copper Zinc Mine development

Edward West|Published

Orion Minerals announces a R67 million capital raise to enhance the development of its Prieska Copper Zinc Mine, leading to a 7. 1% increase in its share price. ...

South African REIT sector experiences modest pullback in June

Edward West|Published

Despite a 1% decline in June, the South African REIT sector shows strong operational performance and promising forecasts for dividend growth, as analysts remain ...

Old Mutual appoints Prabashini Moodley as CEO of Life & Savings segment, shifts oversight ahead of bank launch

Edward West|Published

Old Mutual's formation of the Life & Savings segment will enable more effective delivery to customers and intermediaries in South Africa and greater leveraging of ...

Durban High Court orders Vision Consortium to disclose Tongaat Hulett acquisition details

Edward West|Published

The Durban High Court has directed the Vision Consortium to disclose key documents regarding its acquisition of Tongaat Hulett, amidst ongoing challenges from RGS ...

South32 to sell Cerro Matoso for up to R1. 78bn amid structural nickel market changes

Edward West|Published

South32 announces the sale of its Cerro Matoso nickel operation to CoreX Holding for up to $100 million, reflecting strategic shifts in the nickel market and resulting ...

SACTWU reduces stake in HCI while acquiring three key properties worth over R500 million

Edward West|Published

SACTWU plans to reduce its stake in Hosken Consolidated Investments while acquiring three properties, including Gallagher Estate, to enhance cash flow for its operational ...

Tongaat Hulett's sugar mills lead South Africa in recovery performance

Edward West|Published

Tongaat Hulett's sugar mills have achieved top rankings in sugar recovery for the current season, showcasing a remarkable operational turnaround since entering business ...

Reinet in talks with Athora Holdings about £5. 7bn stake in UK pension group

Edward West|Published

Reinet Investments confirms it is in advanced discussions with Athora Holdings regarding the potential sale of its stake in the UK-based Pension Insurance Corporation ...

Sun International, Peermont scupper R7. 3bn acquisition due to regulatory delays

Edward West|Published

Sun International's R7. 3 billion acquisition of Peermont has been terminated due to delays by the Competition Tribunal, highlighting growing concerns over regulatory ...

CEO Sean Summers outlines Pick n Pay's turnaround strategy for 2026

Edward West|Published

Pick n Pay's CEO Sean Summers discusses the company's significant strides towards recovery and profitability in the 2025 financial year, outlining strategic priorities ...

S&P upgrades African Bank rating, affirms South African banking sector stability

Edward West|Published

S&P Global Ratings has upgraded African Bank's credit rating to ‘B+’, citing a stable outlook and improved financial performance, while affirming ratings for other ...

Hyprop sells 50% stake in Hyde Park Corner for R805 million

Edward West|Published

Hyprop has agreed to sell a 50% interest in the Hyde Park Corner shopping centre for R805 million to Millennium Equity Partners, aligning with its strategy to focus ...

African Rainbow Minerals to close Cato Ridge Works and retrench the employees

Edward West|Published

African Rainbow Minerals has announced the permanent closure of its Cato Ridge Works, affecting 600 employees, as it seeks to address ongoing financial losses

MAS updates shareholders on take-over bids, operational performance in Central and Eastern Europe

Edward West|Published

MAS, the JSE-listed property investment firm, reports strong trading performance in Central and Eastern Europe while receiving competing bids from Hyprop and Prime ...

Exxaro Resources faces challenges from rail disruptions and coal demand decline

Edward West|Published

Exxaro Resources is grappling with ongoing rail infrastructure challenges and reduced coal demand from Eskom, while the expiry of a US import tariff reprieve adds ...

AECI reports improved performance in spite of challenges in the local market

Edward West|Published

AECI's international operations show improved performance for the first five months of 2025, while South African operations face challenges due to supply issues ...

Crookes Brothers reports record earnings amidst challenges in agribusiness sector

Edward West|Published

Crookes Brothers reports historic earnings propelled by bananas and property sales but faces hurdles in sugar operations and weather disruptions. Discover the full ...

Absa Group anticipates mid-teens earnings growth for the first half of 2025

Edward West|Published

In its latest trading update, ABSA Group outlines expectations for earnings growth and revenue trends amid a volatile economic environment.

RMB Holdings: A closer look at asset value and shareholder returns

Edward West|Published

RMB Holdings has announced its decision to suspend dividends for the upcoming period while reporting a slight decline in net asset value, driven by various factors ...

Lesaka Technologies acquires Bank Zero for R1. 09 billion, boosting its fintech capabilities

Edward West|Published

Lesaka Technologies announces a significant acquisition of Bank Zero Mutual Bank for R1. 091 billion, a move expected to enhance its fintech platform and drive new ...

Sirius Real Estate acquires more industrial property in Germany for R267. 4 million

Edward West|Published

Sirius Real Estate's share price increased by 3. 18% following the acquisition of a light industrial property in Gellenkirchen, Germany, for €12. 9 million. The ...