Vunani flags earnings fall; J&J agrees to R13bn talcum settlement

In a busy day for corporate news, Vunani flagged a fall in earnings, while SPAR managed a surge after, among other things, reporting the same thing. Telkom surged after its trading update, while PPC slumped. In international news, US pharmaceutical and cosmetics giant Johnson & Johnson has agreed to pay $700 million to settle allegations it misled customers about the safety of its talcum-based powder products. The consumer giant has not admitted to any wrongdoing.

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