Londiwe ButheleziThe country's largest pension funds administrator Alexander Forbes said it expects its earnings per share from continuing operations to plunge by about a third when it reports its results for the year ended in March.
In an announcement posted on the Stock Exchange News Services late on Tuesday, Alexander Forbes said the capitalised software development assets write-off related to the cancelled IT contract amounted to R287m while it incurred a cost of R50m for terminating the agreement. The company had already disclosed the financial effect of the IT contract in its interim financial results.
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Imperial Logistics expects lower earnings as it impairs SA assetsThe company says that the the state of SA’s economy and rising competition has led it to intensify efforts to restructure and rationalise its operations Impairs SA Assets. Learn to write English.
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Pepkor says market-share gains boosted half-year earningsCompetitive pricing helped bolster the clothing and merchandise business, says the group
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