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JSE gets first listing by a local company in two years

CA Sales, a logistics, distribution and marketing company, plans to launch on the JSE on June 27 with a market capitalisation of about R2.1bn ....

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Prepare for huge price hikes in 2022, Tiger Brands CEO warns

Tiger Brands' Noel Doyle says unprecedented grain, cooking oil, fuel and tin inflation will bring pressure to bear on grocery costs. ....

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Short Interest in Nampak Limited (OTCMKTS:NPKLY) Drops By 20.0%

Nampak Limited (OTCMKTS:NPKLY – Get Rating) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 800 shares, a decline of 20.0% from the March 31st total of 1,000 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is […] ....

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Young adults' thirst for canned energy drinks boosts Nampak

A thirst for energy drinks is boosting Nampak's beverage can operations, as consumers seem to be shunning less sugary soft drinks in favour of cheaper energy drinks. ....

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Eskom to probe allegations of racism against CEO André de Ruyter

Eskom to probe allegations of racism against CEO André de Ruyter
09 March 2021 - 08:15 By Karl Gernetzky
Eskom CEO André de Ruyter. Picture: REUTERS/SUMAYA HISHAM
Power utility Eskom said on Tuesday it would start a probe into racism allegations against group CEO André de Ruyter.
De Ruyter, the former CEO of packaging group Nampak, was brought in to spearhead a turnaround of the embattled power utility in January 2020, but has recently been accused of helping purge black suppliers, in favour of white suppliers.
The allegation not only brings Eskom into disrepute, but also threatens to detract from and distract the focus of the executive team and the group CEO from the critical job of restoring Eskom to operational and financial sustainability, Eskom said in a statement on Tuesday. ....

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