The deals, results, leadership and strategy of the companies shaping South Africa.
The food distributor turned R242.2 billion of sales into R18.6 billion of cash after working capital, lifted the dividend, and bought back shares while its own price was weak.
Big story
XtraTime advances once ran at up to R800 million a month, about half the borrowers stopped repaying, and MTN cut the product back and took the revenue hit.
Storebrand, CalPERS and New York City pension funds published votes against Naspers directors before Wednesday's meeting, over a share structure that has overruled objections like theirs before.
Editor’s pick
An unnamed South African platinum producer approached Northam's chief executive, and the board answered by opening a contest that any credible buyer can enter.
The trade regulator moved against dumped ceramic and porcelain tiles two months ago, but the stock that undercut Italtile all year is already inside the country.
Big story
New equity and expanded debt facilities value Frogfoot, Vox and Hypa at a combined R14.4 billion, and almost all of the build the money pays for is aimed at townships and lower-income areas.
Editor’s pick
Six of the world's largest capital managers have signed memorandums of understanding with Nvidia aimed at mobilising more than $500 billion for AI data centres, and not one of them has signed anything binding yet.
Earnings rose 16% and the dividend 18% in the six months to June, on enrolment growth that came from the tertiary brands and the schools north of the border rather than from South African classrooms.
The technology group is handing back R7.05 billion from a refinancing that closed on 4 August, and the cash route carries a 20% tax the share route does not.
The Topolino lists at $13,995, tops out at 19mph until a conversion kit arrives, and dealers have been selling their allocations before the cars reach the lot.
Big story
Moneyweb reports that the Foschini owner has begun consulting on head-office job cuts, in a year when about 100 shops closed and Bash sales grew 49.2%.
Reatile Group takes a minority holding in a business with 580 forecourts once ADNOC's $1bn purchase closes, and neither side will say how big a minority.