Shoprite Exit Malawi After 25 Years

MTN has lifted its medium-term guidance after reporting a powerful set of results for the six months to June. The group’s EBITDA surged 60.6% to R46.65bn, headline earnings swung to 645c per share from a loss last year, and service revenue jumped 23.2% to R105.1bn. Ralph Mupita, MTN Group President…

GUEST – Rob Rose – Editor at Currency It was an icon of construction whose name is plastered across South Africa’s landmarks, yet this week it announced its liquidation. So was it a victim of circumstance, or its own own-goals? It was a company that defined South African engineering excellence…

Thungela Resources has taken a heavy knock from weaker coal prices and rising costs, with net profit plunging 79% to R248m in the first half of the year. Revenue slid 12% to R14.8bn, while HEPS fell 80% and EBITDA dropped 68%. Yet, despite the tough market, Thungela is sticking to…

Absa has delivered a strong set of interim results, with headline earnings up 17% and profit climbing 14%, powered by cost cuts, lower impairments, and a revamp under its new CEO, Kenny Fihla. Revenue rose to R56.5 billion, impairments dropped 14%, and return on equity edged up to 14.8%. We…

In the midst of National Savings Month, we explore how South Africa's consumer class is navigating personal finance amid economic uncertainty. Our guest, Brandon de Kock, Director of Storytelling at BrandMapp, shares fresh insights from the BrandMapp 2024 dataset revealing that 80% of South Africans earning over R10,000 per month…