Discovery Holdings’ 2H 2009 revenues rose by 16% YoY to ZAR3.24 bn, Operating profit rose by 49% YoY to ZAR1.184 bn, and Headline earnings per share (HEPS) rose by 54% YoY to ZAR755 mn. The Group’s embedded value increased by 4% from June 2009, to ZAR20.9 bn. Embedded value, a common valuation measure used outside [...]

AFGRI’s 2H 2009 revenue fell by 9.6% YoY to ZAR3.866 mn from ZAR4.274 mn in 2H 2008. Operating profit margin declined slightly to 12.9% from 14.4% in 2H 2008. The Group’s net cash position improved by ZAR317 mn to ZAR58 mn at the end of 2H 2009 versus a negative ZAR259 mn cash position at [...]

African Oxygen said that FY 2009 EPS, excluding one-off items, known as headline earnings, fell by 40-50% YoY, considerably below analyst expectations.
Afrox is scheduled to release FY 2009 results on February 18th. For FY 2008 Afrox had reported headline EPS of ZAR1.34.
Afrox is the largest gases and welding products supplier in South Africa, with products [...]

Gold Reef Resorts, a South African gaming and hotel company, disclosed on Friday evening that it is in talks that may affect its shares, while Hosken, a South African investment company with gaming investments, that already holds a 23% stake in Gold Reef, disclosed the same day that it is in talks that may affect [...]

Gold Fields is in negotiations with labor unions to implement a six-day work week for about 10,000 employees to avoid having to lay off workers, as Eskom’s proposed 35% electricity price hike threatens margins, as electricity accounts for some 17% of mining costs. The South African Mine Health and Safety Act, which requires mining companies [...]

South Africa’s Investec, a specialist banking group comprising banking and asset management businesses, said its net operating income after expenses and minorities but before impairments on loans and advances for the April-December 2009 period rose by 1% YoY.
In addition, the company reported the following:

Net operating income (after expenses and minorities but before impairments on loans [...]

South Africa’s state-owned power utility Eskom Holdings has cut its coal demand forecast through 2018 by 29.5%, citing waning demand due to a recession, which has prompted delays in constructing of new plants amid shortfalls in funding for capex. Eskom’s new forecast for annual consumption of coal is 141 mn tons per annum by 2018, [...]

South Africa’s CPI index surged by 6.3% YoY in December, after posting 5.8% YoY growth in November, overshooting the Central Bank 6% annual inflation ceiling for the first time in three months. The cost of gasoline was a key driver after the government raised gasoline prices by 3.5%, which contrasted with a price cut a [...]

Woolworths said 2H 2009 Sales rose 9.3% YoY, with Comparable Store Sales up 4.4% YoY. 2H 2009 EPS guidance points to drop of 15-25% YoY. Woolworths is expected to release results on February 18, 2010.