Huge Group’s headline earnings per share for the year ended 28 February will fall by as much as 29.9% after accounting for charges related to share options for its three executive directors.
One of just two local manufacturers of electrical transformers says it faces liquidation after a procurement team at Eskom handed two contracts worth R341-million to the more expensive bidder.
Nvidia forecast second quarter revenue above analysts’ estimates on Wednesday. However, it could not say how much of its recent revenue rise was driven by the cryptocurrency market.
South Africa is planning to scrap e-tolls in Gauteng, MEC for transport Jacob Mamabolo said. “They are being scrapped,” he said in an interview with SAfm.
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ACWA Power plans to bid in South Africa’s next green electricity auction. Interest from the Saudi-based company is a positive sign after lengthy delays in a process to procure green power.
The rand extended its gains to a new 27-month best, still supported by global risk demand as investors raised bets the US central bank would lend at low rates for longer.
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