JSE SENS

Statoil completes acquisition of 35% stake in Exxon SA
JSE SENS

Statoil completes acquisition of 35% stake in Exxon SA

Statoil has said it has completed a transaction with Exxon Mobil Exploration and Production South Africa Limited acquiring a 35% interest in Exploration Right 12/3/252 Transkei-Algoa. Operator ExxonMobil retains 40% interest, while Impact Africa holds 25%.The license covers approximately 45,000 square kilometres in water depths up to 3,000 metres. Statoil […]

Santam paid ZAR8.8 billion in claims for six months
JSE SENS

Santam paid ZAR8.8 billion in claims for six months

South Africa’s largest general insurer, Santam said it paid a total of claims worth R8.8 billion for the first six months of the year. The company reported lower underwriting results for the interim period compared to 2016 in a significantly challenging claims environment, the majority of which can be attributed […]

Steinhoff posts 48% sales growth for six months
JSE SENS

Steinhoff posts 48% sales growth for six months

Steinhoff International Holdings N.V. said its group sales increased by 48% to EUR14.9 billion for the nine months ended 30 June 2017. The group said organic revenue (excluding acquisitions) increased by 8%, led by good growth in the European and African regions. Commenting on the results, Markus Jooste, CEO of […]