Absa has written down more software, five months after calling it a one-time reset
Another R200m of software went to zero in the six months to June, almost three times last year's figure, and most of it again came out of head office.
Companies
The deals, results, leadership and strategy of the companies shaping South Africa.
South Africa shut down a major oil hunt. Just across the border, Namibia is heating up.
The Norwegian company takes 17.4% of a Chevron-operated licence with a well due to be tested this year, its first position in the country.
TikTok may have much bigger plans for your DMs, including letting users send each other money
References buried in the US iPhone app describe payments between users inside direct messages, running on the same system that already handles TikTok Shop.
Standard Bank is eyeing a stake in a Nigerian payments giant with 50 million users
Bloomberg reports the bank wants into OPay before it lists in New York, with nothing signed and both sides declining to say a word.
Eight organisations are trying to stop a R1bn coal mine in a protected part of South Africa
Uthaka Energy says environmental groups have run review after review to stall its Mpumalanga mine; the groups answer that this is what holding people to the law looks like.
Copper just overtook iron ore as BHP's biggest earner for the first time
The world's largest miner paid its biggest dividend in four years, and put a South African-born chief executive in front of a decade-long copper plan.
Big story
A JSE-listed company just increased its earnings by 150% - after being written off five years ago
Five years after Anglo American spun it out, the coal exporter has declared its tenth dividend and started shopping for mines.
Editor’s pick
Nestle is building a product line out of the side effects of weight-loss drugs like Ozempic
The company investors feared would be hollowed out by Ozempic is selling to the people taking it, starting with the muscle they lose.
Uber Eats is getting delivery drones and wants them making 1 million daily deliveries by 2029
Zipline already makes a delivery somewhere in the world every 20 seconds, and the two companies want a million a day by the end of 2029.
Absa made R12.8bn in the first six months of the year, but almost all of its growth came from South Africa
Group earnings rose 8% to R12.8bn, but South Africa grew 17% while the rest of Absa's African business went backwards.
One of South Africa’s biggest airlines is being sold, and one of its rivals is trying to stop the deal
The buyer of South Africa's biggest domestic airline already holds 37.5% of Lanseria, and the state's pension fund sits on both sides of that line.
Big story
The South African Post Office wants its rescue declared over, but it's still losing money
Three years of court-supervised rescue repaired the balance sheet, cost 4,342 jobs and 366 branches, and left the business still losing money.