Karl Gernetzky, BusinessLIVE

Karl Gernetzky

BusinessLIVE

South Africa

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Recent:
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Past:
  • BusinessLIVE

Past articles by Karl:

Grindrod restores interim dividend as profits and volumes surge

Headline earnings of group’s core business rose more than a half to end-June, helped by strong volume growth and rising rates → Read More

African Bank eyes R80m acquisition of Ubank’s assets and employees

Ubank was placed under curatorship in May due to a lack of capital reserves, with African Bank saying it complements its existing national offering → Read More

JSE fines former Steinhoff CFO R2m and disbars him

The local bourse has imposed a public censure and barred Ben la Grange from the office of director for a decade over breaches to its rules → Read More

JSE looks set to join positive Asian session as investors eye Fed guidance

Caution is expected to prevail as markets await a key speech from US Federal Reserve chair Jerome Powell later → Read More

South32 more than quadruples dividend after record earnings

The group has delivered shareholder returns of $1.32bn for 2022, about a tenth of its market value, boosted by soaring metals prices → Read More

Gold Fields increases dividend by almost half amid improved volumes and prices

The miner upped its interim dividend for the six months to end-June, with profits rising almost a third and debt falling by more than a fifth → Read More

Market warms to Yamana deal, says Gold Fields CEO Chris Griffith

The gold miner says its prosed takeover of Canada-listed Yamana Gold could, pending shareholder approval, be concluded by mid-November → Read More

Adcock Ingram ups dividend by a quarter as colds and flu resurge

The return of demand for over-the-counter medicine helped lift Adcock's headline earnings in its year to end-June → Read More

Inflation is starting to taper off, says Bidcorp CEO Bernard Berson

The food services group raises its dividend for the year 75% to R7 per share, with profits rising by more than half to above pre-pandemic levels → Read More

Cashbuild flags earnings fall as it counts cost of looting

Looting hit more than 10% of Cashbuild’s store base, and the company is also facing a waning Covid-19 home-improvement boom → Read More

Aveng gets lift Down Under as SA weighs it down

Group’s headline profits more than halved by accounting reclassifications and Moolmans’ dip → Read More

Sasol restores dividend as fuel prices explode

Energy group meets target of reducing net debt with higher prices offsetting operational woes → Read More

JSE faces market pressure on Tuesday as investors eye Fed moves

Wall Street posts sharp losses overnight amid concerns over looming recession and higher interest rates → Read More

Afrimat in water licence dispute over R765m Gravenhage deal

Conditions for acquisition of a manganese mining right in the Northern Cape have not been fulfilled amid a dispute over the nature of a water right → Read More

Workforce gets lift as pandemic fades, but holds onto dividend

The labour services group is benefiting as project delays recede, while it says demand for upper management is buoyant → Read More

Workforce gets lift as pandemic fades, but holds on to dividend

The labour services group is benefiting as project delays recede, while it says demand for upper management is buoyant → Read More

JSE faces mixed Asian markets on Monday as rand hovers at R17/$

Risk aversion took hold on Friday as investors digested hawkish signals from the US Federal Reserve → Read More

Spur gets kick from increased foot traffic

An end to curfews helped the group's franchised restaurant sales exceed pre-pandemic levels in its 2022 year → Read More

Prosus takes full control of Brazil’s iFood for €1.5bn

The acquisition of the remaining one-third stake Prosus does not already own also includes a €300m earn-out agreement → Read More

JSE faces muted Asian markets on Friday as investors mull Fed outlook

Markets continue to watch data releases closely as they try to gauge whether or not the worst of aggressive monetary policy tightening is over → Read More