iOCO plans debt reduction and potential acquisitions after profitable turnaround

Edward West|Published 1 hour ago

iOCO's co-CEO Thys Summerton reveals plans for debt reduction and potential acquisitions after reporting six months of profitability, highlighting a strategic reset aimed at sustainable growth

Debunking life insurance myths: what you need to know

Staff Reporter|Published 6 hours ago

Discover the truth behind common life insurance myths and learn why securing coverage is essential for everyone, regardless of age or wealth.

The controversy behind the RHODE pop-up store in South Africa

Sarah Suleman|Published 8 hours ago

Explore the controversy surrounding the RHODE pop-up store in South Africa, where consumers faced uncertainty over the authenticity of products. Learn about the ...

Absa Group's leadership shuffle: Executive pay rises amid reputational challenges

Philippa Larkin|Published 23 hours ago

Absa Group's 2024 integrated report reveals a tumultuous leadership shuffle that has raised eyebrows, as interim CEO Charles Russon's pay surged to R35. 47 million ...

Umngeni-Uthukela Water reports sharp drop in profit due to municipalities' unpaid bills

Edward West|Published 1 day ago

In a surprising turn of events, Umngeni-Uthukela Water saw profits plummet due to municipalities’ unpaid water bills. Explore the latest financial impacts and management ...

Mondi completes €634 million acquisition of Schumacher Packaging assets

Edward West|Published 1 day ago

Mondi has successfully acquired the Western Europe packaging assets of Schumacher Packaging for €634 million, enhancing its capabilities and expanding its market ...

Renergen announces successful helium exports and increased LNG production

Edward West|Published 1 day ago

Renergen reports a 22% increase in LNG production and the successful export of its first helium shipment, while navigating legal challenges and preparing for a Nasdaq ...

ArcelorMittal South Africa defers long steel plant closure with R1. 7bn government support

Banele Ginindza|Published 1 day ago

ArcelorMittal South Africa secures a 1. 683 billion rand bailout from the IDC, delaying the closure of its long steel plants and preserving 3,500 jobs for at least ...

AYO Technology reduces operating expenses, improves cashflow, signalling sustainability

Philippa Larkin|Published 1 day ago

AYO Technology Solutions, an ICT investment group, has reported a remarkable 62% reduction in operating losses for the year ending August 31, 2024, despite facing ...

Jubilee Metals Group faces challenges as chrome prices drop and earnings decline

Edward West|Published 2 days ago

Jubilee Metals Group reports a 51% revenue increase to $141. 5 million for the first half of the 2025 financial year, but faces a 6. 8% decline in earnings due to ...

Vukile Property Fund forecasts 6% dividend uplift amid strong growth

Edward West|Published 2 days ago

Vukile Property Fund announces a forecasted 6% dividend uplift following strong growth, driven by strategic acquisitions in Spain and Portugal, while maintaining ...

AECI announces sale of Improchem public water business to black-owned consortium

Edward West|Published 2 days ago

AECI has announced the planned sale of its Improchem Public Water Business to a South African majority black-owned consortium, marking a significant step in its ...

Earnings soar for York Timber Holding as revenue and production increase

Edward West|Published 2 days ago

York Timber Holding has reported a remarkable increase in headline earnings per share, driven by a successful turnaround plan and improved operational efficiencies ...

Standard Bank executives' remuneration increases and decreases: A detailed report

Edward West|Published 2 days ago

Discover how the remuneration of Standard Bank's top executives has changed in 2024, with insights into performance metrics and the impact of shareholder feedback ...

Elon Musk says xAI startup buying X platform

AFP|Published 3 days ago

Elon Musk's xAI is set to revolutionise social media with its acquisition of the X platform, valued at $33 billion. This merger promises to blend cutting-edge AI ...

Tribunal issues reasons for blocking Vodacom’s R13. 2bn Maziv deal uver competition concerns

Philippa Larkin|Published 4 days ago

The Competition Tribunal has issued its reasons for prohibiting Vodacom from acquiring a stake in fibre company Maziv, citing significant anti-competitive effects ...

Novus to urgently appeal regulator’s withdrawal of takeover approval for Mustek

Philippa Larkin|Published 4 days ago

Novus Holdings announces its urgent appeal against the Takeover Regulation Panel's withdrawal of approval for its mandatory offer to acquire Mustek Limited, highlighting ...

MultiChoice warns of tough financial year ahead amid economic pressures

Philippa Larkin|Published 4 days ago

MultiChoice cautions that its financial results for the year ending March 31, 2025, may be adversely affected by ongoing economic challenges, including high inflation ...

Pick n Pay celebrates new store opening as turnaround takes shape

Ashley Lechman|Published 5 days ago

Pick n Pay said that the new store introduces key features that Pick n Pay is incorporating into its refreshed store format, aimed at enhancing the customer experience. ...

Rex Trueform reports decline in earnings and revenue amid economic challenges

Edward West|Published 5 days ago

Rex Trueform's interim results reveal a 3% drop in earnings per share and a decline in revenue, highlighting the challenges faced by the retail sector in a constrained ...