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May 24 2012 17:31
The Reserve Bank will maintain current interest rates, and a sizeable reduction in the local petrol price is expected, says governor Gill Marcus.
May 24 2012 15:29
The Reserve Bank will maintain current interest rates, says governor Gill Marcus.
May 23 2012 22:00
Economic liberation or the lack thereof is the most divisive issue in the country, according to a survey.
Johannesburg - Africa's biggest media group Naspers Ltd expects to report a 15% to 25% fall in annual headline earnings per share due to a higher accounting charge, and said core profit would edge higher.
Shares in Naspers, which owns Africa's biggest pay-TV network DStv and has stakes in companies in China, Brazil, Russia and Europe, extended losses after Thursday's trading statement, falling 3.17% to R198.50 by 14:41.
The company said earnings per share would jump by between 55% and 65% versus the 967c it made the previous year, thanks mainly to a one-off profit from the sale of its pay-TV unit in Greece.
Headline EPS, the main profit gauge in South Africa which strips out certain one-off and non-trading items, was expected to drop due to a higher accounting charge related to recent acquisitions.
Naspers, which is also listed in London, said core headline EPS, which it views as the best measure of its underlying performance, would rise by up to 10% versus the comparable 1 130c.
- Reuters