Right of reply: Anushka Bogdanov
Anushka Bogdanov in a right of reply says she is aware of the SENS announcement published by the JSE on July 25, 2025 referencing her academic qualifications. She claims the announcement contains several factual inaccuracies and misrepresentations.
Bogdanov says she is a highly qualified governance and risk management specialist with over three decades of professional experience in senior leadership positions in various financial and development institutions. She says she has submitted all supporting documentation from accredited institutions, including her doctoral research, to the JSE in good faith and in full transparency.
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4 hours ago
- IOL News
Kumba Iron Ore eyes growth despite market challenges
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The dip in revenues has been attributed to a 6% reduction in the average realised Free On Board (FOB) iron ore export price to $91 per wet metric ton compared to the same period last year as well as a stronger exchange rate. However, the Anglo American-owned firm earned a premium of $7 per wet metric ton during the period compared to $1 in 2024. Shares in Kumba Iron Ore surged 4.9% to R310.16 in afternoon trade on the JSE on Tuesday. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading This has placed Kumba Iron Ore's realised price 8% above the benchmark FOB export price of $84 per wet metric ton, with Zikalala saying that demand prospects still favoured premium producers. 'The world needs steel to build, grow and develop, and iron ore is a key ingredient in steelmaking. 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'The recovery of the logistics network is critical to the health of the value chain. We are also encouraged by the pace of logistics reform through Private Sector Partnership,' said Zikalala. Analysts are of the view that 'Kumba is a good pick' due to its debt-free status, high grade iron ore deposits complemented by large amounts of lumps. Moreover, 'lump ore is interesting for steel plants to avoid sintering,' while 'railway issues will be solved' amid expectations of a recovery in iron ore prices. BUSINESS REPORT
IOL News
a day ago
- IOL News
Kumba results lift stock 6% but five-year losses leave investors 43% in the red
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IOL News
a day ago
- IOL News
Boxer Retail's share price rises following positive trading update
Boxer produced consistent market share gains through the 17-week period to June 29, 2025. and also saw positive recent trends, as the high base from the first few months of 2025 normalises, Image: : Nqobile Mbonambi/Independent Newspapers Boxer Retail was one of the top biggest movers on the JSE Tuesday morning after it reported a strong performance for the 17-week period to June 29, despite a highly constrained consumer environment and internal food selling price inflation of -0.6%. The soft discount retailer, which was listed out of Pick n Pay in November last year, saw its share price rise 3.58% to R69.21 early Tuesday morning after the release of a trading update that showed turnover up 12.1% and 3.9% on a like-for-like basis. The share price is not far off the R63.51 it traded at when it listed. This represents a positive trend when compared with the 9% turnover and 3.7% like-for-like growth reported for the second half of its 2025 financial year, as disclosed in Boxer's results for the 53 weeks to March 2, 2025. 'Boxer has produced consistent market share gains through the period and also seen positive recent trends, as the high base from the first few months of 2025 normalises,' its directors reported. They said the internal food inflation on a volume-held-constant basis represented a further reduction from the volume-held-constant inflation of 0.3% for the 2025 financial year. 'Despite the challenging economic environment and the mild deflation reported for the period, Boxer remains comfortable that it is on track to meet its previously guided low-teens FY26 turnover growth objective, given the like-for-like momentum and store rollout program,' the directors said. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading Boxer opened 7 Superstores and 10 liquor stores in the first four months of the 2026 financial year, and it was on track to meet its previously communicated store roll-out targets, the directors said. 'Boxer remains confident with its FY26 gross margin outlook, despite the inherent margin management challenges in a low inflation environment,' they said. Boxer, which is still 65.6% held by Pick n Pay, said it was switching to reporting volume-held-constant inflation, which more appropriately reflects its effective selling price inflation to customers. For the 2022, 2023, and 2024 financial years, Boxer's volume-held-constant internal selling price inflation was 4.2%, 10.1%, and 3.1% respectively. BUSINESS REPORT
