United States

Emma Rumney

Retailer New Look's debt plan hits shares in parent Brait

Jan 14 2019

LONDON/JOHANNESBURG Shares in South African investment firm Brait plunged more than 20 percent on Monday after its British fashion chain New Look announced a deal with creditors to cut 1 billion pounds off its debts, in its latest turnaround attempt.

UPDATE 2-UK retailer New Look's debt plan hits shares in parent Brait

Jan 14 2019

* Parent firm Brait's shares fall more than 20 pct (Recasts, adds Brait share price, trader quote, detail, bullets)

UPDATE 2-End to Nigerian dispute lifts shares in S.Africa's MTN

Dec 27 2018

* GRAPHIC: https://tmsnrt.rs/2DbEu6z (Adds context, analyst quote, updates shares)

UPDATE 2-S.Africa's Shoprite faces hefty fine for anti-competitive behaviour

Dec 20 2018

* Shoprite says to oppose the charge (Adds Shoprite comments, updates shares)

UPDATE 2-South Africa's Nedbank shares fall on Ecobank inquiry report

Dec 18 2018

* Nedbank completes transaction with minority shareholders (Adds Nedbank comment, more detail, updates shares)

Arms firm Denel's accounts littered with flaws - South Africa's Auditor General

Dec 14 2018

JOHANNESBURG, Dec 14 Shoddy and incomplete accounting at South Africa's troubled state-run arms firm Denel left the country's Auditor General unable to make a judgement on the soundness of its most recent financial statements, according to the firm's annual report.

Gold Fields to restart South African gold production as workers return

Dec 13 2018

JOHANNESBURG, Dec 13 Workers will return to Gold Fields' sole South African mine on Thursday after a six-week strike was called off by the country's National Union of Mineworkers (NUM), with production likely to resume in earnest next year. Workers from the largest union operating at the South Deep mine downed tools in November after the bullion producer announced plans to cut 1,100 jobs at the mine - near a third of its workforce.

Steinhoff shares tumble after accounts, PwC probe delayed

Dec 06 2018

JOHANNESBURG A probe into accounting irregularities at Steinhoff International and the release of the retailer's restated results have been delayed, it said on Thursday, sending its shares down as much as 21 percent.

UPDATE 2-Steinhoff shares tumble after accounts, PwC probe delayed

Dec 06 2018

* Steinhoff delays publication of 2017, 2018 financial statements

UPDATE 1-RSA cuts some London-based global business in profit pursuit

Nov 13 2018

* Changes to cut premiums written by a third in 2019 (Adds detail from statement, bullet points)

World News

Search on for Brexit consensus after May's crushing defeat

Prime Minister Theresa May on Wednesday will try to forge consensus in parliament on a Brexit divorce agreement after the crushing defeat of her own deal left Britain's exit from the European Union in disarray 10 weeks before it is due to leave.