The Rand fell over 3% from its open to close last week. This is on the back of Ace Magashule's surprise (and incorrect) inclusion of changing the Reserve Bank's mandate and possible quantitative easing. When you add the bad GDP growth figures, you can see why people panicked and sold the Rand for any price they could get. Typically, this herd mentality happens at exactly the incorrect time creatin... ››› more
Netcare is a healthcare company, focused on managing its private hospitals in the UK and South Africa. The company has a listing on the Johannesburg Stock Exchange…
Full name: Netcare Limited
Short name: Netcare
Sector: Health care – health care equipment & services
Five top facts about Netcare
Netcare has operations in the UK and South Africa. The company ... ››› more
Earlier today, Netcare released its results for the full-year to the end of September.
The company boosted profits over the period. And the hospital provider revealed expansion plans, showing strong growth may lie ahead.
The company's shares soared on release of the results.
Let's take a closer look at what the company revealed…
Shares in Netcare soar to a record high
Netcare [... ››› more
It may sound slightly off-kilter, but Netcare says the weaker rand is the reason for much of its increase in revenue these past six months. But there's more to Netcare's profitability than that… Here's why investors are sitting up and taking note of this private hospital group.
This week, private hospital group Netcare reported a 23.2% increase in its diluted headline earnings per shar... ››› more
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