South Africas Sun International reports a 20-30% fall in headline earnings/share
South AfricasSun International expects to report a 20-30% fall in headline earnings/share.EPS would have been 25-35% lower had foreign exchange rate adjustments beenexcluded, the biggest casino and gaming group in the country told Reuters. SunInternational owns the Sun City resort andsaid that hotel occupancies were down and average room rates deteriorated more,but the company said that casino trading patterns for Q2 of its fiscal yearremained similar to those in Q1.
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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