Interim Financial Results
latest news & developments
Eskom woes may improve as electricity consumption goes up
Part of Eskom’s precarious financial position was as a result of the low electricity tariff increase granted by National Energy Regulator
Nedbank says third-quarter income gains on increase in lending
As net income interest rose over 8% from a year earlier, the Nedbank Group says income in the first nine months gained as customers boosted lending.
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.
Woolworths results show further slowdown in spending
Woolworth’s interim results reflected a further slowdown in consumer spending, especially in the middle and upper income levels.