Harmony Gold reported strong production and lower costs in its recent financial results, which are expected to boost the company’s growth.
Author: Staff Writer
De Beers had a decline in rough diamond sales for the fifth sales cycle of 2022, which can be attributed to ongoing economic uncertainty and volatility in the diamond industry. The company’s CEO has emphasized the need for De Beers to continue to adapt to changing market conditions and invest in digital transformation to improve its competitive position. Despite the decline in sales, the company remains optimistic about the long-term growth prospects for the diamond industry in China and India.
FirstRand has revised its GDP outlook for the country to -0.2% for 2022, down from its previous forecast of 1.6%, due to ongoing economic challenges facing the country, including high unemployment, low consumer confidence, and supply chain disruptions. The company’s CEO has emphasized the need for structural reforms to promote long-term growth, and the revised outlook is in line with other forecasts that predict a contraction in the South African economy in 2022.
Mr Price’s decline in profit and like-for-like sales for the year ended March 2022, which can be attributed to the ongoing economic challenges facing South Africa, as well as supply chain disruptions and inflationary pressures. The company’s CEO has emphasized the need for Mr Price to adapt to changing consumer behavior and preferences and invest in digital transformation to improve its competitive position.
Growthpoint Properties, one of South Africa’s largest property investment companies, is planning to launch a R250 million black empowerment scheme linked to corporate social investment (CSI).
Old Mutual is partnering with Amazon Web Services (AWS) to launch a new digital bank in South Africa.
Elon Musk, the CEO of Tesla and SpaceX, has hinted at a “huge” investment in India, during a conversation with Indian entrepreneur Kunal Shah on the social media platform Twitter.
Airbus announced the biggest single order for airliners ever – a firm order for 500 A320 planes from IndiGo.
RMB has partnered with Sturdee Energy to help it grow its business in the Southern African renewable energy sector.
Johann Rupert has overtaken Aliko Dangote as Africa’s richest person with a net worth of $11.9 billion.