Philippa Larkin

Business Reporter Editor

Take-home pay slides for the third month as job opportunities and earnings outlook remain grim

Philippa Larkin|Published

The latest BankservAfrica Take-home Pay Index reveals a worrying trend: South African take-home pay has declined for the third consecutive month, raising concerns ...

JUWI and JA Solar sign 420 000-panel deal for Glencore and Sasol/Air Liquide solar projects

Philippa Larkin|Published

JUWI Renewable Energies partners with JA Solar to deliver 420 000 solar panels for groundbreaking projects, set to enhance South Africa's renewable energy landscape ...

TymeBank slams ID verification fee hike as Cosatu praises reform

Philippa Larkin|Published

ymeBank has condemned the Home Affairs Department's staggering 6,500% increase in fees for real-time identity verification, arguing it jeopardises financial inclusion ...

Transforming energy: Absa CIB's R1. 6 billion boost for South Africa's wind farm

Philippa Larkin|Published

Discover how Absa CIB's R1. 6 billion financing is set to transform South Africa's renewable energy landscape with the FE Overberg Wind Project, the largest privately ...

JSE Top 40 companies lag in gender pay gap disclosures

Philippa Larkin|Published

Only 13 of the JSE Top 40 companies disclose measurable gender pay gap data, revealing a troubling lack of transparency in South Africa's corporate sector.

PHP ups bid for Assura to £1. 79bn in recommended takeover deal

Philippa Larkin|Published

In a bold move that could transform the UK healthcare landscape, PHP has raised its offer for Assura to £1. 79 billion, securing board backing and setting the stage ...

Famous Brand shows financial resilience despite tough year marked by deteriorating infrastructure

Philippa Larkin|Published

Famous Brands defies economic odds with resilient financial performance amid infrastructure challenges

Vunani reports R3. 1 million loss in challenging economic climate

Philippa Larkin|Published

Vunani, the independent black-owned diversified financial services group, reports a loss of R3. 1 million for the year ending February 28, 2025, a stark contrast ...

UIF tightens oversight after fraud attempts delay employability stipends

Philippa Larkin|Published

Payments to participants in South Africa's Labour Activation Programme are delayed due to fraud attempts, prompting the UIF to enhance oversight and protect public ...

Kumba Iron Ore CFO Bothwell Mazarura to step down

Philippa Larkin|Published

Kumba Iron Ore announces a significant leadership transition as CFO Bothwell Mazarura steps down after nearly eight years, paving the way for Xolani Mbambo to take ...

National Financial Ombud recovers R328 million for disgruntled financial consumers

Philippa Larkin|Published

Discover how the National Financial Ombud Scheme has successfully recovered R328. 5 million for consumers in just one year, providing vital support against financial ...

Land Bank launches Wine and Spirits Fund to boost transformation in industry

Philippa Larkin|Published

The Land Bank has unveiled a transformative Wine and Spirits Fund aimed at empowering Black-owned businesses in South Africa's wine sector, backed by the European ...

Standard Bank sees resilient 5-month earnings, keeps 2025 guidance despite macro volatility

Philippa Larkin|Published

Discover how Standard Bank's earnings surged 10% in a turbulent economic landscape, and what this means for its future guidance in 2025.

Cosatu hails PIC’s R3 trillion milestone as it urges vigilance against corruption

Philippa Larkin|Published

Trade union Cosatu has applauded the Public Investment Corporation for surpassing R3 trillion in assets under management, a historic milestone that raises questions ...

Libstar's shares surge as it flags higher revenue

Philippa Larkin|Published

Libstar Holdings has reported a notable 10. 1% revenue increase in the 21-week period to May 30, 2025, leading to an 8. 12% rise in share price on the JSE. Despite ...

Brait plans exit from New Look amid UK fashion struggles

Philippa Larkin|Published

Brait is actively seeking to divest its stake in New Look as the struggling UK fashion retailer weighs heavily on its portfolio, signalling a significant strategic ...

Construction industry sees green shoots of growth off a low base - BER's Lemboe

Philippa Larkin|Published

Craig Lemboe from the Bureau for Economic Research reveals that South Africa's construction sector is beginning to recover from stagnation, despite ongoing challenges. ...

Stor-Age reports strong growth in 2025 driven by gains in occupancy and rental rates

Philippa Larkin|Published

Discover how Stor-Age Property REIT achieved remarkable growth in 2025, with occupancy and rental rates driving a 4. 1% increase in distributable income per share ...

Botswana accountancy authority launches probe into PwC following Choppies audit row

Philippa Larkin|Published

The Botswana Accountancy Oversight Authority has initiated an investigation into PwC's conduct during the 2018 audit of Choppies Enterprises, following serious allegations ...

Vukile Property Fund reports strong annual results and forecasts higher growth for 2026

Philippa Larkin|Published

Vukile Property Fund has announced an impressive 8% guidance upgrade for 2026, following a strong financial year ending March 31, 2025, marked by significant growth ...

Eastplats faces cybersecurity challenge: Incident details revealed

Philippa Larkin|Published

Eastern Platinum (Eastplats) has reported a significant cybersecurity breach affecting its internal IT systems, prompting immediate containment measures and an ongoing ...

Gemfields reports $31. 7m in revenue from latest ruby auction

Philippa Larkin|Published

Gemfields has reported impressive revenues of $31. 7 million from its latest ruby auction, showcasing resilience in the gemstone market despite ongoing geopolitical ...

Assura evaluates PHP's revised acquisition offer

Philippa Larkin|Published

Assura plc's board is currently assessing PHP's revised acquisition offer, which could significantly impact its shareholders and the UK healthcare real estate market. ...

Navigating the cryptocurrency landscape: Insights from Binance's Hannes Wessels

Philippa Larkin|Published

In an exclusive interview, Hannes Wessels, General Manager for Southern and Francophone Africa at Binance, shares insights on the challenges of crypto regulation ...

Vodacom nearly doubles customer base as African expansion fuels revenue surge

Philippa Larkin|Published

Vodacom's strategic expansion across Africa, including the acquisition of Vodafone Egypt, has propelled its customer base to over 211 million, showcasing a remarkable ...