Business
Implats increases earnings 186%
JOHANNESBURG -- Improved rand metal prices resulted in a 186% increase in headline earnings by Impala Platinum Holdings during the year to June. Platinum production increased by 5% and the commissioning of the new enhanced precious metals refine...
New offshore gas fields to save billions in fuel imports
JOHANNESBURG -- The government has approved the development of new offshore gas fields by Mossgas, in a move that will save South Africa more than R1,5 billion a year in imported fuels, it was announced yesterday. Mossgas chairman Keith Kunene sai...
Liblife outperforms JSE
JOHANNESBURG -- Liblife Strategic Investments -- which is 81,9% owned by the Liberty Life Association of Africa -- announced yesterday that it had grown the market value of its investments 14,2% to R13,62 billion in the six months ended June 30. T...
Liberty earnings shoot up sharply
JOHANNESBURG -- Liberty Life Association of Africa yesterday reported sharply improved results for the six months ended June 30. Headline earnings shot up 56% to R3,79 billion compared to the same period last year, while headline earnings per shar...
Recovery runs out of steam
JOHANNESBURG -- South African shares ended off their best levels yesterday as the recovery ran out of steam, but still managed to post gains of just over 1%. Dealers said the JSE had been led higher by the good performances on Asian markets, bu...
Amap acquisition boosts product range
JOHANNESBURG -- In its first acquisition since listing in May 1997, Amalgamated Appliances (Amap) announced yesterday that it had significantly strengthened its product range through the acquisition of the business of Pace-Grandom (Pty) Limited (Pa...
RATES OF EXCHANGE
JOHANNESBURG -- Yesterday's closing exchange rates, as supplied by Standard Bank: (R/, R/US$ and R/Irish punt, other rates per rand.) TT buyAir buySurf buyTT sell USA6,23756,21676,17516,4475 AUSTRALIA0,26950,27070,27290,2586 AUSTRIA2,05152,05842,...
New-look Seardel succeeds
JOHANNESBURG -- Investment holding company Seardel, which has emerged profitably from its restructuring exercise, yesterday reported a 116% increase in earnings from R31,4 million to R67,7m for the year ended June. Income before tax shot up 223,3%...
SA tourism potential 'depends on tour operators'
WINDHOEK -- Southern Africa can become a major tourist destination in the world if local Southern African tour operators can uphold high standards. This is the view of Mr Heinz Enne, Managing Director of Tourvest Services Division, owner of South...
