South Africas Afgri posts 3.9% rise in H1 HES on animal feed outlets
Reuters reported South Africa's Afgri Limited posted a 3.9% rise inH1 HES on February 24, buoyed by its grain storage and animal feed businesses.EPS rose 22.6% to ZAR 0.486, while its cash position improved by ZAR 317bn. Itadded its grain storage division had made a sizeable contribution to thegroup's results, after South Africa recorded another bumper maize harvestlast year. The group expects its results in H1 to be impacted by the size andtiming of the summer crop, as well as improvements in credit markets andconsumer spending.
South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more
South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more
Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more
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