The news comes despite a slump in fortified sugar sales and a single-digit increase in its direct production costs.
CEO Neal Froneman said the move demonstrates that the company will not waste money on mergers and acquisitions.
The loss in market value is linked to Shoprite's share price dropping on the Johannesburg Stock Exchange.
Global Airways and Harith General Partners will acquire a 51-percent stake in South African Airways.
The offer came after Multichoice's board granted approval to increase its stake in the sports betting company.
The Nigerian-based mobile payment platform Paga has hinted at plans for transatlantic expansion.
The gains are the result of an upward trend in the group's shares on the Nairobi Stock Exchange.
The trucks will be used to cart waste to landfills and waste management facilities.
Earlier, the company made history as Tanzania’s first natural gas producer.
Ezz Steel is the largest steel company in Egypt, the Middle East and North Africa.
The move further expands GFH's presence on the Tunisian market.