FNB now accepts UnionPay Contactless Payment at SpeedPoint terminals

First National Bank (FNB) and UnionPay International (UPI) have jointly announced that UnionPay cardholders are now able to make contactless payments with their cards via FNB Speedpoint terminals at merchants in South Africa. FNB is the first bank in South Africa to accept contactless...

22 Jun 2020

Old Mutual sponsors The Wedding Expo 2019

Old Mutual is officially a sponsor of The Wedding Expo 2019, which will be held at the at Carnival City Sun Park in Brakpan on 8 and 9 June before heading to the Sibaya Sun Park in Durban on 3 and 4 August. As part of the sponsorship, Old Mutual will engage with couples who are about to get...

26 Apr 2019

FNB's eWallet now works at Spar outlets

First National Bank's (FNB) eWallet may now be used to purchase goods and withdraw cash at participating owner-managed Spar stores across South Africa. The cardless functionality of the eWallet@till uses a cellphone to enable eWallet recipients to make over the counter purchases and withdrawals at...

3 Apr 2018

Mastercard obtains Oltio

Mastercard has acquired Oltio from the Standard Bank Group; Oltio will help Mastercard drive cash displacement and innovation in emerging markets. Oltio's technology enables consumers to authenticate Masterpass digital wallet purchases in South Africa using their bank pin and mobile...

6 Mar 2018

Frost & Sullivan awards TerraPay with Visionary Innovation Leadership Award

TerraPay has been awarded the Frost & Sullivan Visionary Innovation Leadership Award for its international transfers in sub-Saharan Africa. TerraPay is a mobile payment switch that provides global transaction processing, clearing, and settlement services for mobile wallets. The Frost & Sullivan...

15 May 2017

Swish Payments will now be know as Truevo Payments

As of 1 March 2017, Malta-founded card acquirer and payment solutions provider Swish Payments Ltd will be known as Truevo Payments following the company's rebranding. The decision to rebrand came following the discovery of a similarly-named peer-to-peer payment solutions company in Sweden. The...

28 Feb 2017

Tough trading conditions sees 3% fall in Truworths interim HEPS

Tough trading conditions fuelled in part by a weak rand saw fashion retailer Truworths report a 3% decrease in headline earnings per share to 392.6c for the 26 weeks ended December 25 2016. However, the group said its financial position remained strong, with net asset value per share increasing...

17 Feb 2017

Pick n Pay expecting full-year Heps up 20%-30%

Retailer Pick n Pay said on Monday headline earnings per share (Heps) for the 52 weeks to end-February are expected to rise between 20% and 30% compared to the prior year. The results are set to be released on 26 April.

12 Apr 2016

Transpaco forecasts strong second-half earnings

Packaging company Transpaco's (TPC) second-half headline earnings per share are expected to increase by between 44% and 55% to between 182c and 197c from 126.7c in the previous comparable period, the company said. At 1.33pm the counter was trading 10.26% higher at R21.50 from R19.50 previously.

27 Jan 2016

Ellies sees 92.2% improvement in H1 headline loss per share

Ellies (ELI), a manufacturer, wholesaler, importer and distributor in diversified sectors, has reported a headline loss per share of 1.02c for the six months ended October 2015, a 92.2% improvement on the previous comparable half year. The group said on Monday that during the six months it had...

26 Jan 2016

Quantum Foods declares a final dividend of 10c per share

Quantum Foods has felt the benefits of improved trading conditions in the South African poultry sector, posting a strong rise in headline earnings and moving into profit at the operating level. In the year to end September 2015, Quantum reported headline earnings per share of 54c, up from the 11c...

26 Nov 2015

Pioneer Foods FY diluted HEPS up 12% to 613c

Low growth and a competitive environment in SA will place significant pressure on Pioneer Foods (PFG) volumes and margins in 2016. However, the company said on Tuesday that it would continue to optimise its position despite the challenges it faced. Pioneer Foods reported diluted headline...

24 Nov 2015

Tiger Brands declares gross final dividend of 611c per share

SA's biggest food producer, Tiger Brands, said on Thursday that the group had recorded a solid performance during the year, driven by its core South African businesses. "However, this was partially offset by underperformance in certain of its international operations," the company said. In...

19 Nov 2015

Wholesale trade sales up 1% y/y in September 2015

Wholesale trade sales, when measured in real terms (constant 2012 prices), decreased by 1% year on year in September 2015, data from Statistics SA showed on Thursday. Seasonally adjusted wholesale trade sales increased by 1.7% in September 2015 compared with August 2015. This followed a...

19 Nov 2015

Tiger Brands will not support Nigerian operation

Tiger Brands has decided not to provide further financial support with respect to its investment in Tiger Branded Consumer Goods of Nigeria, the food company said in a cautionary announcement on Monday. Tiger Brands was exploring various alternatives with respect to its shareholding in Tiger...

17 Nov 2015

Cashbuild posts 13% Q1 revenue

Hardware chain Cashbuild said on Wednesday its revenue for the first quarter was up 13%. In its first quarter operational update, the company said 10 new stores opened since 1 July 2014 had contributed 3% of the increase, while existing 213 stores accounted for 10%. "Transactions through our...

22 Oct 2015

Massmart slides 11% to multi-month lows on trading update

Massmart (MSM) lost about R3bn of its market value as investors sold the stock following its weak trading update. In a terse statement, the retailer said it expected headline earnings per share in the six months to June to drop by between 22.4% and 29.8% from a year ago. The sell-off left the...

20 Aug 2015

Clover FY HEPS seen at least 20% up

Dairy group Clover Industries said on Monday it expected its headline earnings per share (HEPS) for the year ended June 2015 to be at least 20% or 20.55 cents higher than HEPS of 102.7 cents reported in the previous corresponding period. Over the same period, earnings per share (EPS) is expected...

7 Jul 2015

Apple Pay to launch in Britain

SAN FRANCISCO: Apple has announced it will launch its tap-to-pay mobile payments system in Britain next month, allowing iPhones to be used to pay at 250,000 locations including London's transit system. "We are now excited to announce we are bringing Apple Pay to the UK, and it is coming next...

10 Jun 2015

Clover issues cautionary

Shareholders in Clover Industries Limited are advised that the company has entered into negotiations which, if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's...

16 Jul 2014

New agencies for Bank SETA

The Banking Sector Education and Training Authority has appointed Indigo Marketing, a B2B agency specialising in brand strategy, marketing, design and event marketing agency and HMC Seswa Corporate Communications, a PR consultancy to manage its marketing and communications....

29 Oct 2010

Score 2010 tickets with FNB
Score 2010 tickets with FNB

FNB customers who invest R50 000 or more in a fixed deposit for 12 months (at 1% interest rate) will receive two tickets to a 2010 FIFA World Cup First Round (Group) match at a stadium of their choice. An investment of R100 000 will get four tickets. These are Category One sponsorship tickets...

23 Oct 2009

ABIL names new group financial director

African Bank Investments Limited (ABIL, ABL) on Tuesday, 5 May 2009, announced the appointment of its current chief financial officer, Nithiananthan Nalliah, as group financial director, and as an executive director of African Bank. Both appointments are effective immediately. Nalliah joined ABIL as...

6 May 2009

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