Profits
latest news & developments
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
The lie of limitless economic progress
We need alternatives because unrestrained development is not compatible with life
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.