OneLogix looking to hedge profit growth in Africa as SA market softens

OneLogix, the specialised transport, retail and logistics services company with brands like PostNet under its umbrella released a solid set of year-end results today, reiterated by a spike in its share price, which is up at around 3% on the day. The group reported a 25% increase in revenue, with trading profits and headline earnings per … Read more

Australia hit record 350-run ODI tally in Harare

HARARE (Reuters) – Glenn Maxwell and Mitchell Marsh both fell agonisingly short of centuries but still helped Australia to a record one-day international tally at the Harare Sports Club as they crushed Zimbabwe by 198 runs on Monday. Australia’s 350 for six off 50 overs beat by 10 runs the highest total for any team … Read more

Grindrod: Thys Visser’s seed has grown shipper into a mighty business

In September 2011, I had a joint interview with then CEO of Remgro Thys Visser and Grindrod’s newly appointed boss, Alan Olivier. Remgro had just agreed to underwrite a R2bn capital injection into the KZN-based group and Visser saw it as the first step in a partnership he was keen to forge in the years … Read more

Zimbabwe economy takes another dive

It is 4 a.m. and people are already lining up outside Zimbabwe’s main passport office – four hours ahead of opening time – in hopes of securing a passport that will allow them to escape their country’s dearth of opportunities and search for work abroad. Several million Zimbabweans left for South Africa and other countries … Read more

Proteas hands Rossouw and Shezi ODI debuts

Bulawayo, Zimbabwe | AFP | by Tristan Holme South Africa will hand debuts to top-order batsman Rilee Rossouw and left-arm seamer Mthokozisi Shezi in Thursday’s third and final one-day international against Zimbabwe. Having already sewn up the series by winning the first two games by 93 runs and 61 runs, the Proteas will offer the … Read more

Zimbabwe’s spinners shock Proteas

Zimbabwe’s spinners gave their side a chance of a shock victory as they bowled South Africa out for 257 in the second of three one-day internationals on Tuesday. After Proteas openers Hashim Amla and Quinton de Kock made another promising start, spin trio Prosper Utseya, John Nyumbu and Sean Williams took wickets at regular intervals … Read more

CEO: Group Five delivering the goods and aggressively moving into Africa

Group Five posted a strong set of year end results today, citing a 26% increase in fully diluted headline earnings per share, with a 52% increase in earnings per share and a 49% increase in dividends. The results, are if anything, refreshing. The construction sector has had a trying time over the last few years, … Read more

Unpacking the crux of SA’s immigration law changes

There has been a a lot of negative reaction to the changes that have been implemented with regards to South Africa’s immigration laws. To look at the crux of the changes, and why they have had such a negative reaction, Alec Hogg was joined by Jess Green from Immigration South Africa. Jess answers the important … Read more

Proteas lose paceman Hendricks for one-dayers

HARARE (Reuters) – Fast bowler Beuran Hendricks is out of South Africa’s three-match one-day international series with Zimbabwe that starts on Sunday. Hendricks has a back strain, suffered while touring Australia with the A team, Cricket South Africa said in a news release on Tuesday. He will not be replaced in a squad already missing … Read more

Zimbabwe dig in to frustrate South Africa

HARARE, Aug 12 (Reuters) – Zimbabwe continued to frustrate South Africa who managed just the wicket of nightwatchman Donald Tiripano in the morning as the hosts moved to 80 for two at lunch on the fourth day of the one-off test on Tuesday. Zimbabwe scored 52 runs in the session after resuming on 28 for … Read more