Astral Foods says first quarter operating profit lower

The company said raw material prices were in an upward trend and consumer disposable income was under pressure.

Integrated poultry producer Astral Foods said on Tuesday its operating profit for the first quarter of its 2019 financial year was significantly lower than the corresponding period in the previous year and would have a negative impact on results for the six months ending March 30.

Astral Foods says first quarter operating profit lower
Astral Foods says first quarter operating profit lower

Astral Foods says first quarter operating profit lower

The company said raw material prices were in an upward trend and consumer disposable income was under pressure.

Anglo American Platinum earnings forecast higher

Anglo American Platinum earnings forecast higher

It said headline earnings in the period would include a post-tax attributable net gain of R0.5 billion.
Sea Harvest enters into deal to acquire balance of shares in Mareterram

Sea Harvest enters into deal to acquire balance of shares in Mareterram

The South African company said the acquisition price would be funded from its existing cash resources. 
Russian economy outpaced expectations in 2018

Russian economy outpaced expectations in 2018

Russia’s economy expanded 2.3 percent last year, growing more quickly than the government and the IMF had predicted, according to state statistics published Monday.
White House economist says economy strong despite shutdown

White House economist says economy strong despite shutdown

The US economy will post strong growth in the first quarter, despite negative effects from the extended government shutdown, top White House economist Kevin Hassett said Monday.
People must take pride of having mines in their communities: Mantashe

People must take pride of having mines in their communities: Mantashe

‘Mining development must be able to harmoniously co-exist with communities and related developmental activities,’ he says.
UK seeks to reassure foreign investors over Brexit

UK seeks to reassure foreign investors over Brexit

Britain on Monday will seek to reassure foreign investors worried about Britain leaving the EU after Japanese automaker Nissan said it was scrapping a major planned investment less than two months before Brexit.
Mantashe says dept is working to improve online application system for mining licenses

Mantashe says dept is working to improve online application system for mining licenses

The minister adds that his department remains committed to addressing challenges in its internal processes.
African continent remains key destination for mining investment – Mantashe

African continent remains key destination for mining investment – Mantashe

The minister said the past decade had presented many challenges influencing mining both globally and locally.
AngloGold Ashanti expects higher earnings for coming year

AngloGold Ashanti expects higher earnings for coming year

It also cited a reduction of ore reserve development amortisation in Brazil which resulted in increased earnings.
Mantashe urges mining industry to operate responsibly

Mantashe urges mining industry to operate responsibly

The Mining Leadership Compact commits the sector’s leadership to a common vision.
Impala Platinum expects half year output to rise 10%

Impala Platinum expects half year output to rise 10%

Interim headline earnings are expected to increase due to an improved rand platinum group metals basket price.
SA Mineral Resources Minister Mantashe to open the African Mining Indaba

SA Mineral Resources Minister Mantashe to open the African Mining Indaba

The event will see approximately 7,000 delegates from across the globe.
Glencore says copper output rises 11% in 2018

Glencore says copper output rises 11% in 2018

The group’s operations comprise around 150 mining and metallurgical sites, oil production assets, and agricultural facilities.
DRDGOLD says output down 5% in quarter ended December

DRDGOLD says output down 5% in quarter ended December

The gold producer said the decrease in overall throughput resulted in an 8% increase in cash operating unit costs per ton.
Facebook is valued at $480 billion, but still pays Zuckerberg $1 a year

Facebook is valued at $480 billion, but still pays Zuckerberg $1 a year

Don’t feel sorry for Facebook’s founder – he’s worth $62 billion despite his low symbolic salary.
Israel seeks to beat election cyber bots

Israel seeks to beat election cyber bots

Amy Spiro is one of many Israeli journalists who recently received a direct message on her Twitter account linking to a sensational news story.
Facebook at 15: a titan with grown-up woes

Facebook at 15: a titan with grown-up woes

Fifteen years after its founding, Facebook has made strides toward Mark Zuckerberg’s goal of connecting the world. But it has also made some huge missteps that have turned some of its cheerleaders into vocal detractors.
US banks shifting some London staff ahead of Brexit deadline

US banks shifting some London staff ahead of Brexit deadline

With two months until Brexit takes effect, US banks have begun transferring some London staff to Continental Europe and drawing up contingency plans in case of a “hard” Brexit.
‘Please Call Me’ lawsuit funder calls Vodacom’s R49m offer ‘generous’

‘Please Call Me’ lawsuit funder calls Vodacom’s R49m offer ‘generous’

Chris Schoeman, who helped fund Nkosana Makate’s legal battle, feels the inventor should take the cellular giant’s offer.
Peregrine Securities acquisition, merger with Legae approved

Peregrine Securities acquisition, merger with Legae approved

The new acquisition is one of the largest stockbroking operations in South Africa.
Musk releases all Tesla patents to help save the Earth

Musk releases all Tesla patents to help save the Earth

Elon Musk announced Thursday he had released all of the electric carmaker Tesla’s patents, as part of an effort to fight climate change.
Boeing bullish on 2019 despite US-China tensions

Boeing bullish on 2019 despite US-China tensions

Boeing reported a strong fourth quarter on Wednesday and offered a bullish 2019 outlook as executives expressed measured confidence in the prospects for a US-China trade agreement.
Trust the priority for Facebook with earnings due

Trust the priority for Facebook with earnings due

Winning back trust is seen as the key priority for Facebook as the world’s biggest social network readies its financial update on the final months of 2018 Wednesday.
SA executives to address investment roundtable at the Africa Mining Indaba

SA executives to address investment roundtable at the Africa Mining Indaba

The South African government has identified the event as a strategic forum to attract and promote foreign direct investments.
SA fruit and vegetable exports to be on display at German fair

SA fruit and vegetable exports to be on display at German fair

This year’s showcase apparently comes on the heels of a successful showing in 2018, says trade and industry minister.

 

 

 

 

 

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