Record profitability for Hermes after China-driven boom

The trend shows no sign of easing even as stock prices slump in the Asian nation

Clover logs first loss in a decade

CEO hails ‘exceptional improvement’ in performance despite write-off of loan facility to unbundled subsidiary Dairy Farmers of SA

VW dealt blow in emissions case as judge questions memo

Judge Christian Jaede took issue with VW’s claim that it put off disclosure of the US diesel probe because lawyers had said fines were unlikely to ...

Master Plastics feels the after-effects of listeriosis

The packing company says the listeriosis outbreak depressed the processed meats and spices markets in the six months to June

Cadbury stocking up on goods and ingredients in case of a hard Brexit

The chocolate maker joins companies such as Rolls-Royce and Merck, who are stockpiling goods in anticipation of shortages if a UK-EU border is created

WATCH: Volume increases in LPG unit boost Afrox’s revenue in first half

Afrox delivered an 11.5% rise in headline earnings per share. Its CEO, Schalk Venter joined Business Day in studio to offer more insight on the results

Boeing raises China forecast despite trade turbulence

China will need 7,690 new planes in the next two decades, due to the country’s growing middle-class — but Trump’s trade tariffs threaten ...

Aston Martin boosts its board with seasoned business leaders ahead of IPO

The news came as China’s Geely delayed the planned listing of its Volvo Cars due to fears that the global trade war will knock valuations

Afrox shares jump as gases group declares bigger first-half dividend

Difficult conditions at home and in the rest of Africa were offset by a R1bn hospitals contract, and keeping cost increases to just 3%

Embattled Aveng eyes share sale to settle bonds

The issuance of the new shares is one of the steps by the construction group is taking to pay off convertible bonds

Parliament calls for speedy probe of deadly Denel explosion

The families of the deceased need answers, and the investigation should focus on adherence to health and safety laws, labour committee says

Master Drilling makes another major purchase with Atlantis deal

Master Drilling CEO Danie Pretorius says the deal with the ‘ambitious and driven, 100% black-owned engineering business’ will strengthen its ...

Pace-setting construction giant WBHO falls short

The company’s building and civil engineering unit is the main detractor from performance

Aspen Pharmacare slumps 10% as stronger rand hits revenue

SA’s largest pharmaceutical company expects HEPS to rise 11%-15% in the year to end-June, with results capped by a stronger rand

WBHO gets a lift from Australia, and an accounting change

Wilson Bayly Holmes-Ovcon has posted an increase in profit, at a time when the construction sector in SA is in dire straits

Aton bid impeding M&R’s aspirations

M&R has questioned the wisdom of Aton’s hostile takeover bid for M&R, saying there was a misalignment between its own strategic aspirations and ...

Subscribe to BL premium

Published by Tiso Blackstar and distributed with the Financial Mail on the last Thursday of every month except December and January.