March market review: SA recession, Sasol and more
At the start of March, the South African economy had officially tumbled into a recession. This was following GDP data that showed a 1.4% drop in the fourth quarter of 2019, after a contraction of 0.8% in the third quarter.
Successful premiere for analytica Lab Africa
The first analytica Lab Africa took place from 9 to 11 July at the Gallagher Convention Centre in Johannesburg. A total of 148 exhibitors from 15 countries presented their tailor-made solutions from laboratory technology, analysis, biotechnology and diagnostics for the African market.
Mylan launches Hulio biosimilar in major European markets
Global pharmaceutical company Mylan announced it has initiated the commercial launch of Hulio, a biosimilar to AbbVie's Humira (adalimumab), across major markets in Europe. The product, which is approved for all adalimumab indications, will be available to patients as soon as possible.
Tate & Lyle launches sweetener solution design tools
Tate & Lyle has launched SWEETENER-VANTAGE Expert Systems, a set of new and innovative sweetener solution design tools, together with an education programme, which are designed to help formulators create sugar-reduced food and drink using low calorie sweeteners. Developed in response to customer demand for more predictive tools to support product performance and reduce development...
FirstRand: Interim dividend per ordinary share up 9%
FirstRand Limited (FirstRand) today reported results for the six months to December 2017. Key financial highlights: Normalised earnings grew 7% Dividend per ordinary share up 9% Normalised return on equity (ROE) of 5% Normalised net asset per share (NAV) up 9%
The basics of car insurance excesses explained
Excess payments are among the most contentious aspects of car insurance. Ernest North, co-founder at Naked, clears up common questions about insurance excesses and provides tips about checking whether you have the right policy for your risk exposure and your pocket. What is an insurance excess? The excess is an amount of money that will...
Sowing the seeds of inclusivity in our inner cities
The outgoing Mayor of Johannesburg, Mr Herman Mashaba was among a line-up of expert speakers in the property, urban planning and government sectors, assembled to tackle the question of how to unearth inner-city potential – making investment more accessible and profitable. The Inner City Property Conference, hosted annually by TUHF Limited, took place at the...
South Africa issues two new bonds
The Republic of South Africa has successfully placed US$3 billion in new notes maturing in 2028 (12 year) and 2046 (30 year) in the international capital markets through an innovative one-day new issue and tender switch transaction.
Caywon Pharmaceutical Group adopts Crowd Machine to power digital transformation
Caywon Pharmaceutical Group, Ltd. has revealed that it will become the first international pharmaceutical company to adopt Crowd Machine as the key enabling technology to power its Pharma 4.0 digital transformation initiative. The partnership was advised by Sutton Stone Venture Builders, an expert advisory consultancy firm specialising in blockchain business modelling and implementation strategies.
Acacia diversifies into personal care
On 1 July, Acacia Specialty Chemicals (Acacia) was appointed the official distributor for Guanghzou Tinci Materials Technology Company (Tinci), marking its expansion into personal care and cosmetics. Acacia will represent Tinci throughout the South African market and in neighbouring African countries.
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