The results season picks up on Monday, with Vodacom, Sappi, Netcare, Astral, enX and Calgro M3 all scheduled to release their financial statements. Sasol’s share price is likely to benefit on Monday from international oil prices rising 1.6% after the world’s two biggest producers, Saudi Arabia and Russia, said they would limit output until March 2018. The rand was steady at R13.36/$ and R14.61/€ at 7am. Paper and pulp group Sappi releases its second-quarter and interim results for the six months to end-March. Sappi has not issued a trading statement, indicating earnings will be within 20% of the matching period’s. Private hospital group Netcare said on March 9 that it expected to report on Monday that interim headline earnings per share (HEPS) for the six months to end-March would be between 17% and 21% higher than in the matching period. Netcare said its results would include the benefit of two sizeable, nontrading items. Firstly, a capital profit on the sale of the land and buildi...
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