Financial advisors have identified certain stocks which they believe investors should buy and hold onto over the course of the next decade.

JSE-listed Stefanutti Stocks Holdings share price rose 20.75% on the JSE.

Intergrated renewable energy group Renergen’s share price yesterday remained unmoved.

Private healthcare group Mediclinic International’s share price shed 3.9% and closed at R114.42 on the JSE.

Pick n Pay said the R200m in cost to company for its voluntary severance programme would be recovered in full by the end of the financial year.

Listed property developer Calgro M3 Holdings said yesterday it had secured its first international funding.

Southern African integrated poultry producer Astral Foods expects an increase in profits of more than 80% for the year to September.

Super Group has raised R500m through an accelerated bookbuild offering to partly pay for recent acquisitions.

Business Report journalist, Kabelo Khumalo takes us through the latest market update and some of the breaking business news stories from the day.

Sanlam said it remained upbeat about its growth prospects outside of SA as it reported a 19% decline in diluted headline earnings per share.

African Rainbow Minerals, which is chaired by billionaire, Patrice Motsepe, declared a record dividend and reduced its debt in the year to June.

The group reported that parent company, Vodafone, sold shares worth R14.8bn to institutional investors to meet the JSE’s 20% free-float requirement.

Pioneer Foods share price dropped 7.22% after the group announced that chief executive Phil Roux is stepping down from his role and as director.

Despite the political tension between the US and North Korea and the hurricane that hit the US, markets tended to move firmer.

The Rand was slightly firmer yesterday, reversing some earlier losses against a buoyant dollar

Chairman Koos Bekker countered criticism that Naspers Ltd. relies too heavily on its $132 billion stake in Chinese media company Tencent Holdings Ltd.