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Archive for May 3rd, 2019
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May 3, 2019

Mr Price first retailer to be listed on A2X

Mr Price is the first retailer to be listed on the A2X. The retailer maintains its primary listing on the JSE and its issued share capital will not be affected by the secondary listing.

Commenting on Mr Price’s listing, A2X CEO Kevin Brady said, “We are pleased to welcome our first retailer to A2X today. Mr Price have a long history of delivering value to shareholders and we look forward to helping them do just that by offering a secondary platform on which to trade Mr Price shares.”

He added that it is encouraging that companies from various sectors are considering secondary listings.

At the time the [...]

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May 3, 2019

DEFY RAMPS UP SA PRODUCTION WITH R1BN INVESTMENT

Through the revival of the Jacobs factory, a total of 75 new job opportunities will be created to manufacture an estimated 500 top loaders per shift. This manufacturing development also serves as a much-needed boost to the local community of Jacobs by undertaking a localisation programme as part of their new investment.

By 2020, Defy is looking to expand their output to include new cooking products such as 60cm built-in ovens and a new free-standing stove, an investment opportunity totalled at R25milion collectively.

Growing local economy

According to Evren Albas, the CEO at Defy South Africa, economic growth in South Africa is a top priority for the company. [...]

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May 3, 2019

IEC It’s all systems go for the 2019 general elections

The Independent Electoral Commission of South Africa (IEC) says it is ready to oversee the sixth democratic elections on May 8 next week.

The price of petrol will push to a record high from midnight on Tuesday, with the central energy fund (CEF) announcing that under-recovery in August would prompt fuel increases ranging from 99c to R1.79.

The IEC’s chief electoral officer Sy Mamabolo, said that a record number of political parties contesting the elections have presented new challenges.

He was speaking during the official opening of the National Operations Centre in Tshwane.

Only registered voters will be allowed to [...]

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May 3, 2019

Female lorry drivers change gears in Ghana

Rumbling along the rutted roads of Ghana at the wheel of her giant truck, Abigail Asumadu-Amoah turns heads but keeps her focus.

She is one of 21 drivers working for Ladybird Logistics, a company that claims to be “the first company globally to employ only female drivers”.

In a tough industry dominated by men, the women are changing attitudes.

“What men can do, women can also do,” said Asumadu-Amoah, who hopes other women will be inspired by their achievement. “It’s (a question of) determination.”

Ladybird’s all-women team drive 47 000-litre trucks, delivering fuel to Ghana’s gold mines.

But for [...]

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