Latest articles on Profits

In terms of future-telling failures, this is a Major One

Bushiri knows how to pull a crowd. Ace knows a ponzi scheme. Paddy Harper predicts that a new prophet may profit at Luthuli House

Why insurance firms’ earnings are down

Covid-19 has hit the insurance industry especially hard

Focussed on benefitting members

Profits from the fund's activities are reinvested to benefit members

Samsung Electronics profit dips as phone sales fall

Samsung, the world's biggest maker of memory chips, has weathered a series of setbacks, including an embarrassing global recall of its Galaxy Note 7

Vodacom increases revenue on strong customer growth, cheap data deals

Apart from South Africa, Vodacom has operations in Tanzania, the DRC, Mozambique and Lesotho

Eskom’s R7-billion profit not enough to power its future

Eskom has warned that its R7-billion profit will not be enough to meet its revenue shortfall over the next five years and keep the lights on.

Transnet profits exceed R5bn for the first time

The state-owned freight and logistics company says that annual profit has risen by 25%.

Mediclinic profit increases as more South Africans turn to private health

Mediclinic International has seen an increase in full-year profit as more patients have visited its hospitals and spent more money per visit.

Anglo American’s Mark Cutifani anticipates 20% returns after rejigging assets

The chief executive of Anglo American plans to double profitability in the company after shedding low-income operations.

Shoprite looks for growth outside SA amid sluggish first-half profit

Shoprite says it does not expect any improvement on its first-half profit increased by 7.4%.

Nedbank profit beats expectations

Nedbank Group reported a full-year profit that was higher than expected as revenue increased and bad debt growth slowed down.

Woolworths first-half profit increases to 22%

Woolworths has boosted sales despite a other retailers such as Shoprite and Truworths seeing a slow-down.

Barclays South Africa profit climbs 20% as credit impairments drop

The bank's net income has risen to R12-billion from R10-billion last year.

Barclays Bank of Kenya full-year profit declines on bad loans

In its full-year results, the Bank of Kenya said profit had declined by 13% on bad debt.

Anglo American Platinum returns to profit

Increased sales and a weak rand saw the world's biggest platinum producer return to profit last year, it announced on Wednesday.

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Covid-overflow hospital in ruins as SIU investigates

A high-level probe has begun into hundreds of millions of rand spent by the Gauteng health department to refurbish a hospital that is now seven months behind schedule – and lying empty

Pay-TV inquiry probes the Multichoice monopoly

Africa’s largest subscription television operator says it is under threat amid the emerging popularity of global platforms like Netflix and Amazon Prime

​No apology or comfort as another Marikana mother dies without justice

Nomawethu Ma’Bhengu Sompeta, whose funeral will be held this weekend, was unequivocal in calling out the government for its response to the Marikana massacre

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