SA Market Highlights | 15 - 19 April
Outline
The South African rand ended the week weaker than the US dollar at R18.86. Statistics South Africa published mining production and sales data for February – mining production increased 9.9% year-on-year, with the largest contributor being iron ore.
Overview
Barloworld shares jumped over 10% on Monday, after the industrial conglomerate warned investors it was involved in negotiations that may affect the share price. However, it did not disclose the nature of the negotiations.
#BAW
Tiger Brands launched a R300 million Black Cat peanut butter factory with plans to introduce more affordable variants to the market.
#TBS
Transactional Capital shares plummeted 62.53% to R3.38 last week. This comes after the restructuring of the board and management in a bid to save costs.
#TCP
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