Capitec’s share price slumped the most in more than two years after the bank issued a trading statement, which commentators said was below consensus expectations.
Shares of SA’s biggest retail bank by customer numbers fell as much as 9.4% to R1,900.04, the steepest drop since July 2020 and the lowest intraday price since February 25 2022. The share later pared losses to trade 6.9% lower at R1,952.50 at 1.30pm...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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Why Shoprite shares slumped - even as it grew market share for 40 straight months | Fin24Shoprite is pressing ahead with a rapid expansion of its store base as it looks to extend a 40-month streak of market share gains, also not letting up on promotional activity as a difficult economic environment erodes the spending power of its customers. And continue paying employees cents !
Source: News24 - 🏆 4. / 80 Read more »
Business Maverick: Stocks Erase Drop With Rebound in Defensive Shares: Markets WrapStocks rose, following three straight weeks of losses in Wall Street that pushed the market closer to oversold levels. Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met JamesAlderson0 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks JamesAlderson0 I never knew I would be what as I'm today so mush suffering, saw a post about your platform and I took a step to try if it's going to work, you changed my life financially, I just want to share your good work and let the world know how great you are JamesAlderson0
Source: dailymaverick - 🏆 3. / 84 Read more »