Edward West

Multimedia Journalist, Business

Nedbank CIB secures R11.5bn financing for Ivanhoe Mines' Platreef project

Edward West|Published

Nedbank Corporate and Investment Banking has arranged a landmark $700 million financing for Ivanhoe Mines' Platreef project, marking a significant investment in ...

Motsepe's African Rainbow Energy takes control of SA's biggest independent renewables group

Edward West|Published

African Rainbow Energy, led by Patrice Motsepe, has acquired an 83% stake in SOLA Group, South Africa's largest independent power company, aiming to enhance the ...

MTN's share price falls 4.1 percent, warns about economic effects from Middle East conflict

Edward West|Published

MTN's share price fell by 4.1% on the JSE, despite a strong first quarter performance with service revenue up 21.1%. The company is navigating macroeconomic challenges ...

Octodec Investments reports strong growth in distributable income amid strategic realignment

Edward West|Published

Octodec Investments has reported an 11.1% increase in distributable income per share, alongside strategic asset sales and a focus on high-quality properties, as ...

Naspers and Prosus shares drop as CEO warns of reduced iFood earnings in 2027

Edward West|Published

Naspers and Prosus experienced a sharp decline in share prices following CEO Fabricio Bloisi's announcement of reduced earnings for iFood in 2027 due to increased ...

Boxer Retail reports strong growth in first year as a listed company, with new jobs created

Edward West|Published

Boxer Retail has reported a robust financial performance in its first year as a listed entity, showcasing significant turnover growth, new store openings, and innovative ...

Raubex reports 11 percent increase in order book, signalling resilient growth prospects

Edward West|Published

Raubex, a leading South African infrastructure group, reports an 11% increase in its order book, showcasing resilience in a challenging environment. CEO Felicia ...

Balwin Properties reports strong apartment sales growth amidst economic uncertainty

Edward West|Published

Balwin Properties' CEO Steve Brookes outlines the company's robust growth strategy amid economic challenges, reporting a 21% increase in revenue and strong demand ...

Vodacom surpasses customer growth target, reaching 237 million users

Edward West|Published

Vodacom Group has reported a remarkable increase in its customer base, surpassing its Vision 2030 target, with significant growth in financial performance and ambitious ...

Tongaat Hulett faces dire financial challenges amid government rescue efforts

Edward West|Published

Tongaat Hulett is navigating severe financial difficulties, with government officials advocating for a rescue plan to save the company and protect thousands of jobs ...

Foschini warns of significant decline in earnings due to weak trading conditions

Edward West|Published

TFG warns shareholders of a projected 30% to 40% decline in headline earnings per share due to weak trading conditions in South Africa and impairments in brand values, ...

Pick n Pay faces backlash from SACCAWU over proposed changes to workers' conditions

Edward West|Updated

Pick n Pay and the South African Commercial Catering and Allied Workers Union (Saccawu) are at odds over proposed changes to workers' conditions, with the union ...

AngloGold Ashanti reports record cash flow and dividend increase in the first quarter of 2026

Edward West|Published

AngloGold Ashanti has achieved record free cash flow of $1.2 billion in Q1 2026, nearly tripling last year's figures, alongside a substantial dividend increase and ...

Lesaka Technologies reports over 200 percent increase in adjusted earnings per share

Edward West|Published

Lesaka Technologies has reported a remarkable 200% increase in adjusted earnings per share for Q3, alongside an upward revision of its financial guidance, following ...

Datatec forecasts a robust increase in earnings per share for its 2026 financial year

Edward West|Published

Datatec's share price has surged over 3% following a forecast of a significant increase in headline earnings per share for the financial year ending February 29, ...

Gold Fields faces rising costs but maintains production and cost guidance

Edward West|Published

Gold Fields reports a strong start to 2026, highlighting production increases but warns of potential cost challenges due to rising commodity prices.

Sappi's share price plunges 13% amidst a R6bn quarterly loss

Edward West|Published

Sappi's share price fell over 11% following a reported R403 million loss for the quarter ending March 31, raising concerns about its future performance amid challenging ...

SharkNinja launches in South Africa through partnership with Iser

Edward West|Published

SharkNinja, a leading global product design and technology company, has entered the South African market through a strategic partnership with Iser (Pty) Ltd, bringing ...

Competition Commission refers MultiChoice and Altech to Tribunal for market division

Edward West|Published

The Competition Commission has referred MultiChoice and Altech to the Tribunal for allegedly dividing markets in violation of the Competition Act, seeking penalties ...

Jubilee Metals reports significant copper production growth in Zambia

Edward West|Published

Jubilee Metals Group has made significant strides in its copper production strategy, reporting a 28.7% increase in saleable copper production and outlining future ...

Sibanye Stillwater reports 371% increase in first quarter adjusted EBITDA

Edward West|Updated

Sibanye Stillwater's adjusted EBITDA soared by 371% in Q1 2023, driven by improved operational stability and higher precious metals prices, leading to a significant ...

DRD Gold reports 6% revenue increase despite decline in gold sales

Edward West|Published

DRD Gold has reported a 6% increase in revenue for the quarter ending March 31, 2026, driven by a rise in gold prices despite a decline in gold sold. The company ...

South Africa's cattle farmers gain autonomy in biosecurity with new vaccination scheme

Edward West|Published

South African cattle farmers can now vaccinate their livestock against foot and mouth disease independently, thanks to a new Routine Vaccination Scheme announced ...

Afrox signs 10-year renewable energy deal with Discovery Green

Edward West|Published

Afrox has entered a ten-year power purchase agreement with Discovery Green to source renewable energy for its Kuilsrivier air separation unit, aiming to reduce carbon ...

Metair strengthens balance sheet after its debt is restructured to more favourable terms

Edward West|Published

Metair, the JSE-listed auto component and battery manufacturer, has successfully extended its R3.3 billion debt repayment terms to five years, providing enhanced ...