Mail & Guardian
Mail & Guardian
profitslatest news & developments
MacG claims to be merely a facilitator, but the shock jock is doubling down and standing by the benefits procured by his misogyny. (Supplied)

MacG is riding the wave of misogynistic podcasts

MacG claims to be merely a facilitator, but the shock jock is doubling down and standing by the benefits procured by his misogyny

Avoiding Day Zero: The Enkangala-Drakensbeg Strategic Water Source Area supplies Gauteng among other provinces. The authors argue that a proposed coal mine in Mabola in Mpumalanga will endanger critical water supplies. (Roger de la Harpe/Education Images/Universal Images Group/Getty Images)

The lie of limitless economic progress

We need alternatives because unrestrained development is not compatible with life

Pastor Shepherd Bushiri (right) and his wife,
Mary Bushiri, are facing charges of fraud and money-laundering. (Emmanuel Croset/AFP)

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

Covid-19 has hit the insurance industry especially hard

Why insurance firms’ earnings are down

Covid-19 has hit the insurance industry especially hard

Garth Barnard, director at Moruba Consultants & Actuaries

Focussed on benefitting members

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

(Lluis Gene/AFP)

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

The Please Call Me case ruling shows the gap between corporate profit and public good.

Vodacom increases revenue on strong customer growth, cheap data deals

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

The Medupi power station should be up and running by year end.

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 suspends two senior executives over controversial tender (Photo Archive)

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.

A difficult trading environment has not stopped the Shoprite Group Holdings from producing impressive results for the three months ending September 2019. (Reuters)

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.

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 food and clothing retailer.

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.

Generic medicine produced locally are the cornerstone of affordable healthcare.

Adcock suspends its dividend as purchase talks with CFR go on

Rising import costs led to decreased profits and margins at Adcock, which has suspended its dividend while takeover talks with CFR continue.

Telkom said on Wednesday it had terminated discussions relating to Rain’s proposal for a potential acquisition for newly issued shares in Telkom.

Telkom gave suspended CFO R6m loan during investigation

A R6-million interest-free loan was given to suspended CFO Jacques Schindehutte while he was being probed for misconduct, confirms Telkom.

Pick n Pay shares rallied the most since 2008 with its interim results announcement on Tuesday. (David Harrison, M&G)

Pick n Pay shares gain most since 2008 as first-half profit rises

Markets have responded positively to Pick n Pay’s announcement that it has reduced costs and slowed down market share decline.