Financial Results
latest news & developments
Naspers profitability jumps 84%, free cash flow up US$2bn in 3 years
Naspers announces a landmark FY26, showcasing an 84% surge in ecosystem profitability and record free cash flow of US$1.5bn. The company highlights the success of its AI-powered…
Prosus profitability jumps 84%, free cash flow up US$2bn in 3 years
Prosus reports a landmark FY26, showcasing strong financial results, disciplined capital allocation, and accelerating AI innovation. The company's AI-powered Lifestyle Ecosystem,…
Naspers sees continuation of its Media24 business despite print publication cuts
The company said it was responding to the global culture of online news consumption This content is restricted to registered users and subscribers. Get Your Free Account The Mail…
Calib Cassim: Eskom aims to cap load-shedding at stage four
The acting chief executive said it was imperative to bridge the gap of 4000 to 6000 megawatts of dispatchable capacity
Eskom board faces massive clean-up job
Although auditors have cautioned the new board on its financial health, the newly appointed board is positive that it can turn things around
Richemont earnings growth ebbs on Chinese market slowdown
Richemont’s full year earnings have slowed in comparison with the last three years, as the Chinese government cracked down on spending by officials.
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.
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.
Sasol set to post strong earnings growth for 2014
Higher oil and chemical prices, favourable currency swings and the weaker rand will increase earnings, says Sasol.
Insurance group MMI profit increases 12% on policy sales
MMI Holdings, South Africa’s third-largest insurer, said fiscal full-year profit climbed 12% after selling more policies and integrating units.
Sasol’s full-year earnings increase by 25%
Sasol, the world’s biggest coal-to-gasoline producer, says full-year profit climbed 25% after production at its synfuels division increased.
Sanlam sees profits rise on emerging market expansion
Sanlam, the largest South Africa-based insurer, said first-half profit rose 36% after expanding in emerging markets and developing new products.
MTN sees 22% profit jump
MTN Group, Africa’s largest wireless operator, said first-half profit rose 22%, exceeding estimates, after subscriber numbers increased.