Business Overview | Gemfields reports large sums of cash and jewelry, Amazon shelves robot vacuum plans

On a quiet day, the JSE's news service (SENS) was temporarily offline and delayed, but the stock exchange said the market was open and trading as expected. Of the limited releases, Trueworth reported it had received a reprieve courtesy of the UK, while ArcelorMittal SA warned of losses. In international news, Amazon has scrapped plans to acquire robot vacuum cleaner maker iRobot, citing concerns from the European Union's competition watchdog.

fashion retailer true worth The company reported an 8.2% increase in revenue to R12.2 billion in the six months to the end of December, all of which was driven by its UK office business. True Worth Africa's retail sales (mainly his SA business) fell by 0.3% to R8.4 billion, but the group noted this was off the high levels of the previous year. The group said retail sales were affected by weak economic conditions and high interest rates, and also cited a hit to its fashion product line due to port congestion. The company said Office retail sales rose 15.6% in pounds and 33.1% in rand to R3.8bn, benefiting from “unique market positioning, brand partnerships and a strong online presence”. It is said that he received it. Trueworth stock ended the day up just over 1% and has risen about 15% over the past year.

Ruby and Emerald Administrator Gemfield announced that in the six months to the end of December it had net cash of $11.1 million (R209 million), excluding auction receivables of $38.9 million. Total auction proceeds were $242 million, the second-highest in the group, but the company plans to auction commercial-quality emeralds in the first quarter of 2024, with higher sales expected in the second quarter. He said he is planning an auction of quality emeralds and mixed rubies. Gemfields closed up more than 3%, but is still down about a fifth in the past 12 months.