Edward West

Multimedia Journalist, Business

ArcelorMittal SA faces challenges with R1bn half-year loss and closure of its Longs business

Edward West|Published

ArcelorMittal South Africa has reported a headline loss of R1. 01 billion, prompting potential asset sales and the closure of its Longs business. CEO Kobus Verster ...

Mondi reports 11% decline in headline earnings, shares fall sharply

Edward West|Published

Mondi's share price fell by over 8% following the announcement of an 11% decline in headline earnings for the first half of 2024, as geopolitical uncertainties loom. ...

Woolworths Holdings warns of earnings drop amid restructuring challenges

Edward West|Published

Woolworths Holdings has announced a projected decline in adjusted headline earnings per share for the year ending June 29, despite reporting revenue growth in South ...

SAB's half-year sales up but warns of rising illicit alcohol trading in South Africa

Edward West|Published

SAB Breweries reports mid-single-digit growth in revenue but raises alarms over the increasing prevalence of illegal alcohol products in South Africa, which now ...

MTN Nigeria reports strong demand and big profit turnaround amid a stabilising economy

Edward West|Published

MTN Nigeria has reported a remarkable recovery in its first half profit for 2025, driven by improved macroeconomic conditions and strong service demand, as the company ...

Glencore to meet annual production guidance, closes two ferroalloys smelters in South Africa

Edward West|Published

Glencore has announced a comprehensive review of its industrial asset portfolio, identifying $1 billion in cost savings and the closure of two smelters in South ...

Consumer take-home pay holds steady amid inflation and economic uncertainty

Edward West|Published

Consumer take-home pay in South Africa remains stable in June 2025, with inflation easing and expectations of interest rate cuts. However, external economic factors ...

AECI's interim headline earnings surge but second-half outlook is more cautious

Edward West|Published

AECI reports a 132% increase in headline earnings per share for the first half of 2025, but warns of potential challenges in the second half due to strategic execution ...

Shaftesbury Capital's London portfolio thrives with increased valuations and leasing demand

Edward West|Published

Shaftesbury Capital has reported a robust performance in the first half of 2023, with significant growth in earnings, dividends, and portfolio valuations, driven ...

Greencoat Renewables announces quarterly dividend amid challenging wind conditions

Edward West|Published

Greencoat Renewables has declared a quarterly interim dividend of 1. 70250 euro cents per share, while reporting a decline in net asset value to €1. 12 billion due ...

Prosus' bid for Just Eat Takeaway. com extended due to longer competition authority probe

Edward West|Published

Prosus has extended its public offer to acquire Just Eat Takeaway. com to October 1, 2025, in response to a revised competition clearance timeline from the European ...

Boxer Retail's share price rises following positive trading update

Edward West|Published

Boxer Retail has reported a robust performance for the 17-week period ending June 29, with a 12. 1% increase in turnover and a rise in share price, despite facing ...

Spear REIT expands portfolio with R455 million Maynard Mall acquisition

Edward West|Published

Spear REIT has announced the acquisition of Maynard Mall for R455 million, following its recent purchase of Consani Industrial Park. This strategic move aims to ...

Spear REIT acquires Consani Industrial Park for R437. 3 million

Edward West|Published

Spear REIT has acquired Consani Industrial Park for R437. 3 million, enhancing its portfolio of industrial assets in the Western Cape and supporting its growth strategy ...

Valterra Platinum's transition year: Profit falls 81% as new opportunities emerge

Edward West|Published

Valterra Platinum's half-year profit plummets by 81% following its demerger from Anglo American, as the company navigates a pivotal transition and outlines future ...

Merafe Resources' share price drops 9% amid earnings warning

Edward West|Published

Merafe Resources has reported a significant decline in its share price and earnings per share, attributing the downturn to adverse market conditions and lower production ...

Cashbuild share price drops despite fourth quarter revenue growth

Edward West|Published

Cashbuild reports a 4% increase in revenue for the fourth quarter, yet its share price fell by 2. 25%, reflecting market concerns despite growth in new and existing ...

AVI's financial outlook: Headline earnings per share to rise despite revenue challenges

Edward West|Published

AVI anticipates a 5-7% increase in headline earnings per share for the year ending June 30, despite a challenging consumer environment and only a 1% rise in group ...

Hyprop Investments withdraws bid for MAS amid governance concerns

Edward West|Published

Hyprop Investments has withdrawn its bid for JSE-listed MAS due to a lack of transparency from major shareholder PK Investments regarding a disputed joint venture ...

MTN Uganda shareholders approve seperation of Mobile Money unit from MTN Group

Edward West|Published

MTN Uganda has received overwhelming shareholder approval for the separation of its Mobile Money (MoMo) business, aligning with MTN Group's Ambition 2025 strategy ...

Kumba Iron Ore reports steady production and sales growth on improved rail conditions

Edward West|Published

Kumba Iron Ore has reported stable production figures and increased sales for the first half of 2024, despite facing challenges in the global iron ore market. The ...

Anglo American's diamond, copper production falls in second quarter amid De Beers sale

Edward West|Published

Anglo American's second-quarter production report reveals a significant decline in diamond and copper outputs as the company progresses with its strategic sale of ...

NATCO Pharma bids R4. 2bn for Adcock Ingram: A strategic move into the South African market

Edward West|Published

NATCO Pharma has announced a R4. 2 billion bid to acquire Adcock Ingram, significantly impacting the South African pharmaceutical landscape. With a focus on enhancing ...

Competition Tribunal greenlights CANAL+ R35bn acquisition of MultiChoice

Edward West|Published

The Competition Tribunal has approved a R35 billion acquisition of MultiChoice Group by CANAL+, introducing key commitments to uplift historically disadvantaged ...

Santam gains Lloyd’s approval to launch new London syndicate

Edward West|Published

With a pioneering spirit, Santam takes a monumental leap into the international insurance arena, aiming to reshape its future and harness the vast potential of the ...