Gemfields' share price slid by more than 4 percent on JSE after it said in a trading update that its profits after tax would decline by at least 22.5percent for the six months to end June. The gemstone mining company did not provide reasons for the expected decline in profits. The share price later closed 2.55percent lower at R1.61.
South African Breweries (SAB) on Thursday launched an R80 million agricultural research and development facility in Caledon in the Western Cape, which will pilot new farming techniques, technology, and crop varieties to accelerate agricultural development in the country.
Yesterday was a mixed bag, the South African currency held out during yesterday’s session but slipped in late trade as the benchmark interest rate was kept unchanged in a unanimous decision according to NKC Research.