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COMPANY NEWS IN BRIEF

Barloword rallies after results

Industrial group Barloworld expects its car rental and leasing business Avis Budget to be listed under the name Zeda with effect from 13 December.

Subject to approval from the bourse, Barloworld shareholders will receive one Zeda share for each Barloworld share held.

The unbundling represents a completion of Barloworld’s non-core asset sales programme. The firm has been looking to pare back its focus and streamlined business its strategy and capital allocation, and will be focused on two main areas, industrial equipment and services, such as earthmoving equipment, and consumer industries, which includes food, beverages and pharmaceuticals.

Zeda trades under the market leading Avis and Budget brands in South Africa and 10 other sub-Saharan African countries and was established in Bloemfontein in 1967. Apart from rental and leasing services, the business also sells cars through 14 Avis Car sales dealerships.

The business unit was Barloworld's second-largest employer, accounting for 21% of its workforce, and contributed about 12% of group revenue, or just under R6 billion, in Barloworld's year to end-September.

The business' strategy of diversifying its offering and increasing efforts to drive subscription products continues to pay off, Barloworld said on Monday, and benefitted in 2022 due to sustained demand for subscription offerings, a solid base of insurance business (replacement), and the recovery in domestic and corporate travel. Operating profit surged 150% to R871 million to end-September, surpassing pre-pandemic levels.-Fin24

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Allgemeine Zeitung 2023-12-09

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Premier League: Aston Villa 1 vs 0 Arsenal | Sheffield United 1 vs 0 Brentford | Brighton 1 vs 1 Burnley | Manchester United 0 vs 3 Bournemouth | Wolverhampton Wanderers 1 vs 1 Forest | Crystal Palace 1 vs 2 Liverpool | Tottenham Hotspur 1 vs 2 West Ham | Everton 3 vs 0 Newcastle | Aston Villa 1 vs 0 Manchester City | Manchester United 2 vs 1 Chelsea | Sheffield United 0 vs 2 Liverpool | Fulham 5 vs 0 Forest | Crystal Palace 0 vs 2 Bournemouth | Brighton 2 vs 1 Brentford LaLiga: Villarreal 0 vs 3 Real Sociedad | Real Betis 1 vs 1 Real Madrid | Deportivo Alaves 0 vs 1 Las Palmas | Getafe 1 vs 0 Valencia SerieA: Atalanta 3 vs 2 AC Milan | Hellas Verona 1 vs 1 SS Lazio | Juventus 1 vs 0 Napoli European Championships Qualifying: Norwich City 0 vs 0 Preston North End | Queens Park Rangers 2 vs 0 Hull City | Stoke City 0 vs 1 Sheffield Wednesday | Rotherham United 1 vs 2 Swansea City | Cardiff City 1 vs 0 Millwall FC | Watford 1 vs 1 Southampton | Huddersfield Town 1 vs 1 Bristol City | Leicester City 4 vs 0 Plymouth Argyle | Middlesbrough 0 vs 2 Ipswich Town | Blackburn Rovers 0 vs 2 Leeds United | Sunderland 2 vs 1 West Bromwich Albion | Coventry City 2 vs 0 Birmingham City English Championship: Norwich City 0 vs 0 Preston North End | Queens Park Rangers 2 vs 0 Hull City | Stoke City 0 vs 1 Sheffield Wednesday | Rotherham United 1 vs 2 Swansea City | Cardiff City 1 vs 0 Millwall FC | Watford 1 vs 1 Southampton | Huddersfield Town 1 vs 1 Bristol City | Leicester City 4 vs 0 Plymouth Argyle | Middlesbrough 0 vs 2 Ipswich Town | Blackburn Rovers 0 vs 2 Leeds United | Sunderland 2 vs 1 West Bromwich Albion | Coventry City 2 vs 0 Birmingham City Katima Mulilo: 20° | 35° Rundu: 21° | 36° Eenhana: 22° | 33° Oshakati: 24° | 33° Ruacana: 21° | 34° Tsumeb: 24° | 34° Otjiwarongo: 19° | 31° Omaruru: 17° | 32° Windhoek: 17° | 29° Gobabis: 20° | 31° Henties Bay: 15° | 19° Wind speed: 22km/h, Wind direction: S, Low tide: 06:38, High tide: 13:04, Low Tide: 19:15, High tide: 01:40 Swakopmund: 16° | 17° Wind speed: 30km/h, Wind direction: SW, Low tide: 06:36, High tide: 13:02, Low Tide: 19:13, High tide: 01:38 Walvis Bay: 16° | 21° Wind speed: 37km/h, Wind direction: SW, Low tide: 06:36, High tide: 13:01, Low Tide: 19:13, High tide: 01:37 Rehoboth: 17° | 30° Mariental: 18° | 30° Keetmanshoop: 14° | 30° Aranos: 20° | 31° Lüderitz: 13° | 28° Ariamsvlei: 16° | 30° Oranjemund: 13° | 23° Luanda: 26° | 28° Gaborone: 15° | 28° Lubumbashi: 17° | 30° Mbabane: 16° | 21° Maseru: 13° | 23° Antananarivo: 17° | 28° Lilongwe: 22° | 33° Maputo: 22° | 30° Windhoek: 17° | 29° Cape Town: 16° | 24° Durban: 18° | 20° Johannesburg: 14° | 21° Dar es Salaam: 25° | 31° Lusaka: 22° | 34° Harare: 22° | 34° Currency: GBP to NAD 23.65 | EUR to NAD 20.3 | CNY to NAD 2.63 | USD to NAD 18.88 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.34 | EGP to NAD 0.6 | KES to NAD 0.12 | NGN to NAD 0.02 | ZMW to NAD 0.77 | ZWL to NAD 0.04 | BRL to NAD 3.82 | RUB to NAD 0.2 | INR to NAD 0.23 | USD to DZD 134.41 | USD to AOA 828.78 | USD to BWP 13.56 | USD to EGP 30.85 | USD to KES 153.28 | USD to NGN 790 | USD to ZAR 18.97 | USD to ZMW 24.25 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 73790.85 Down -1.33% | Namibian Stock Exchange (NSX) Overall Index 1538.46 Down -4.72% | Casablanca Stock Exchange (CSE) MASI 11885.32 Up +0.49% | Egyptian Exchange (EGX) 30 Index 24686.16 Down -0.07% | Botswana Stock Exchange (BSE) DCI 8891.76 Up +0.07% | NSX: MTC 7.51 SAME | Anirep 8.99 SAME | Capricorn Investment group 16.99 SAME | FirstRand Namibia Ltd 49 SAME | Letshego Holdings (Namibia) Ltd 3.89 DOWN 0.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.97 SAME | Nictus Holdings - Nam 2.22 UP 0.90% | Oryx Properties Ltd 12.48 SAME | Paratus Namibia Holdings 12 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.49 SAME | B2Gold Corporation 60.48 DOWN 1.40% | Local Index closed 675.17 DOWN 0.01% | Overall Index closed 1634.89 UP 0.92% | Osino Resources Corp 16.3 DOWN 4.50% | Commodities: Gold US$ 2 004.44/OZ DOWN -1.17% | Copper US$ 3.79/lb UP +1.01% | Zinc US$ 2 407.50/T DOWN -0.08% | Brent Crude Oil US$ 76.07/BBP UP +1.83% | Platinum US$ 918.53/OZ UP +1.38% Sport results: Premier League: Aston Villa 1 vs 0 Arsenal | Sheffield United 1 vs 0 Brentford | Brighton 1 vs 1 Burnley | Manchester United 0 vs 3 Bournemouth | Wolverhampton Wanderers 1 vs 1 Forest | Crystal Palace 1 vs 2 Liverpool | Tottenham Hotspur 1 vs 2 West Ham | Everton 3 vs 0 Newcastle | Aston Villa 1 vs 0 Manchester City | Manchester United 2 vs 1 Chelsea | Sheffield United 0 vs 2 Liverpool | Fulham 5 vs 0 Forest | Crystal Palace 0 vs 2 Bournemouth | Brighton 2 vs 1 Brentford LaLiga: Villarreal 0 vs 3 Real Sociedad | Real Betis 1 vs 1 Real Madrid | Deportivo Alaves 0 vs 1 Las Palmas | Getafe 1 vs 0 Valencia SerieA: Atalanta 3 vs 2 AC Milan | Hellas Verona 1 vs 1 SS Lazio | Juventus 1 vs 0 Napoli European Championships Qualifying: Norwich City 0 vs 0 Preston North End | Queens Park Rangers 2 vs 0 Hull City | Stoke City 0 vs 1 Sheffield Wednesday | Rotherham United 1 vs 2 Swansea City | Cardiff City 1 vs 0 Millwall FC | Watford 1 vs 1 Southampton | Huddersfield Town 1 vs 1 Bristol City | Leicester City 4 vs 0 Plymouth Argyle | Middlesbrough 0 vs 2 Ipswich Town | Blackburn Rovers 0 vs 2 Leeds United | Sunderland 2 vs 1 West Bromwich Albion | Coventry City 2 vs 0 Birmingham City English Championship: Norwich City 0 vs 0 Preston North End | Queens Park Rangers 2 vs 0 Hull City | Stoke City 0 vs 1 Sheffield Wednesday | Rotherham United 1 vs 2 Swansea City | Cardiff City 1 vs 0 Millwall FC | Watford 1 vs 1 Southampton | Huddersfield Town 1 vs 1 Bristol City | Leicester City 4 vs 0 Plymouth Argyle | Middlesbrough 0 vs 2 Ipswich Town | Blackburn Rovers 0 vs 2 Leeds United | Sunderland 2 vs 1 West Bromwich Albion | Coventry City 2 vs 0 Birmingham City Weather: Katima Mulilo: 20° | 35° Rundu: 21° | 36° Eenhana: 22° | 33° Oshakati: 24° | 33° Ruacana: 21° | 34° Tsumeb: 24° | 34° Otjiwarongo: 19° | 31° Omaruru: 17° | 32° Windhoek: 17° | 29° Gobabis: 20° | 31° Henties Bay: 15° | 19° Wind speed: 22km/h, Wind direction: S, Low tide: 06:38, High tide: 13:04, Low Tide: 19:15, High tide: 01:40 Swakopmund: 16° | 17° Wind speed: 30km/h, Wind direction: SW, Low tide: 06:36, High tide: 13:02, Low Tide: 19:13, High tide: 01:38 Walvis Bay: 16° | 21° Wind speed: 37km/h, Wind direction: SW, Low tide: 06:36, High tide: 13:01, Low Tide: 19:13, High tide: 01:37 Rehoboth: 17° | 30° Mariental: 18° | 30° Keetmanshoop: 14° | 30° Aranos: 20° | 31° Lüderitz: 13° | 28° Ariamsvlei: 16° | 30° Oranjemund: 13° | 23° Luanda: 26° | 28° Gaborone: 15° | 28° Lubumbashi: 17° | 30° Mbabane: 16° | 21° Maseru: 13° | 23° Antananarivo: 17° | 28° Lilongwe: 22° | 33° Maputo: 22° | 30° Windhoek: 17° | 29° Cape Town: 16° | 24° Durban: 18° | 20° Johannesburg: 14° | 21° Dar es Salaam: 25° | 31° Lusaka: 22° | 34° Harare: 22° | 34° Economic Indicators: Currency: GBP to NAD 23.65 | EUR to NAD 20.3 | CNY to NAD 2.63 | USD to NAD 18.88 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.34 | EGP to NAD 0.6 | KES to NAD 0.12 | NGN to NAD 0.02 | ZMW to NAD 0.77 | ZWL to NAD 0.04 | BRL to NAD 3.82 | RUB to NAD 0.2 | INR to NAD 0.23 | USD to DZD 134.41 | USD to AOA 828.78 | USD to BWP 13.56 | USD to EGP 30.85 | USD to KES 153.28 | USD to NGN 790 | USD to ZAR 18.97 | USD to ZMW 24.25 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 73790.85 Down -1.33% | Namibian Stock Exchange (NSX) Overall Index 1538.46 Down -4.72% | Casablanca Stock Exchange (CSE) MASI 11885.32 Up +0.49% | Egyptian Exchange (EGX) 30 Index 24686.16 Down -0.07% | Botswana Stock Exchange (BSE) DCI 8891.76 Up +0.07% | NSX: MTC 7.51 SAME | Anirep 8.99 SAME | Capricorn Investment group 16.99 SAME | FirstRand Namibia Ltd 49 SAME | Letshego Holdings (Namibia) Ltd 3.89 DOWN 0.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.97 SAME | Nictus Holdings - Nam 2.22 UP 0.90% | Oryx Properties Ltd 12.48 SAME | Paratus Namibia Holdings 12 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.49 SAME | B2Gold Corporation 60.48 DOWN 1.40% | Local Index closed 675.17 DOWN 0.01% | Overall Index closed 1634.89 UP 0.92% | Osino Resources Corp 16.3 DOWN 4.50% | Commodities: Gold US$ 2 004.44/OZ DOWN -1.17% | Copper US$ 3.79/lb UP +1.01% | Zinc US$ 2 407.50/T DOWN -0.08% | Brent Crude Oil US$ 76.07/BBP UP +1.83% | Platinum US$ 918.53/OZ UP +1.38%