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May 25 2012 19:13
Uncertainty over the future of the euro zone returned to push the rand down against the dollar.
May 27 2012 11:05
As far as repayments on home loans are concerned, South Africans are in a much more favourable position than their foreign peers.
May 25 2012 13:58
The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.
Johannesburg - Africa's biggest media company, Naspers, expects to report a 5-10% increase in annual headline earnings per share but core earnings will jump 60-70%, the company said on Wednesday.
Naspers said in a statement it expected to report earnings per share of 1 050-1 200c in the 12 months to end-March versus a restated 860c, thanks to a one-off R1bn profit on the sale of some of its assets in Thailand.
But headline EPS rose less sharply because last year's figure was inflated by a deferred tax asset and a foreign exchange related gain.
Core earnings, which are adjusted for non-recurring items, were expected to rise 60-70% thanks to a "positive environment" in most key markets.