Nqobile Dludla

Aspen's drug to prevent preterm birth approved by FDA

12 Sep 2019

JOHANNESBURG The U.S. Food and Drug Administration (FDA) has approved Aspen Pharmacare's hydroxyprogesterone caproate (HPC), which is used to prevent preterm birth in pregnant women, the South African drugmaker's CEO said on Thursday.

UPDATE 2-Aspen posts lower FY profit on weaker manufacturing results, no dividend

12 Sep 2019

* Intends to restart heparin supply to third-parties (Adds details)

UPDATE 3-Under siege in Nigeria, South African businesses shut stores

04 Sep 2019

* Riots sparked reprisal attacks on S. African business in Nigeria

UPDATE 2-S.Africa's Massmart swings to first trading loss in 20-years

29 Aug 2019

* Scraps dividend (Adds scrapping of dividend, details and forecast)

South Africa's Woolworths buoyed by fashion turnaround, shares rise

29 Aug 2019

JOHANNESBURG South African retailer Woolworths Holdings Ltd reported a 2.1% drop in annual earnings on Thursday but cheered investors with a turnaround in its Fashion, Beauty and Home business that had weighed on sales.

Bidcorp expects UK logistics unit sale deal by October

28 Aug 2019

JOHANNESBURG South African food services firm Bid Corporation Ltd (Bidcorp) said on Wednesday it expects to finalize talks on the sale of its UK logistics business by October, leaving the group free to focus on its main operations.

UPDATE 3-Bidcorp expects UK logistics unit sale deal by October

28 Aug 2019

* Group expanded into Vietnam (Adds more detail on UK Logistics business, Vietnam, China)

UPDATE 2-Imperial to exit S.Africa consumer business by Sept, mulls Europe shipping unit disposal

27 Aug 2019

JOHANNESBURG, Aug 27 Imperial Logistics Ltd expects to wind up its loss-making consumer packaged-goods (CPG) business in South Africa by the end of September and is also considering disposing of its shipping unit in Europe as it overhauls its operations.

Shoprite misses forecasts despite stronger home market

20 Aug 2019

JOHANNESBURG Shoprite Holdings missed full-year earnings forecasts on Tuesday, hit by inventory shortages in South Africa and currency devaluations in the rest of Africa, which overshadowed an improved second half in its home market.

UPDATE 2-Truworths looks to close loss-making stores of UK-based Office chain

15 Aug 2019

* Major financial restructure of Office is not being contemplated (Recasts with possibility of Office store closures)

World News