Merafe Resources' half-year headline earnings rose 64% as stronger chrome ore prices and sales offset lower ferrochrome production and industry pressure.
Southern Africa
South African markets face jobs and manufacturing data, a bond auction, company earnings, and global oil, gold and U.S. rate signals on August 11.
The South African rand strengthened as rising gold prices supported the currency, while markets awaited U.S. jobs data for signals on interest rates.
South Africa has secured a $500 million AIIB loan to strengthen climate-resilient urban services, marking the bank's first investment in the country.
South African markets face global risk sentiment, commodity moves and overseas developments on August 6 after the rand strengthened and the JSE Top-40 gained.
South Africa’s private sector stayed in expansion in July, but growth slowed as weak demand, softer hiring and inventory cuts weighed on activity.
The South African rand held steady as traders weighed U.S.-Iran developments and awaited U.S. jobs data for clues on the Federal Reserve’s next move.
Nedbank’s half-year profit was broadly flat as stronger income offset rising credit costs, while the South African lender raised its interim dividend.
South Africa proposes rules requiring authorised providers to report cross-border crypto transfers, tightening oversight while public consultation runs.
South Africa's rand strengthened as investors awaited manufacturing PMI and vehicle sales data for fresh signals on the country's economic momentum.