Discovery bets its future on becoming a 'super bank'
Six years after launching its bank, Discovery says the platform has become the operating system for its entire business, and it wants to redefine what a bank is.
Companies
The deals, results, leadership and strategy of the companies shaping South Africa.
Big story
South Africa's banks turn their firepower on the mid-market
With big-corporate and retail margins under pressure, Nedbank, Investec, FNB and Standard Bank are chasing medium-sized firms in a market worth an estimated R150 billion.
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ExxonMobil bets on Richards Bay in South Africa's first LNG import deal
The oil major has signed a preliminary deal to feed the proposed Zululand Energy Terminal, a cornerstone of the country's slow pivot away from coal.
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Mr Price seals R9.6bn European gamble with NKD takeover
The JSE retailer has taken full control of German value chain NKD, a bet that has split the market and added R7bn of debt to its balance sheet.
Big story
Tongaat Hulett dodges liquidation as IDC and Vision strike rescue deal
A last-minute agreement keeps the 134-year-old sugar producer trading and safeguards an estimated 250,000 jobs across its value chain.
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Premier's bread-and-butter bet pays off as full-year earnings rise
The maize-meal-to-bread giant guided to a 20–30% jump in headline earnings, with a new mega-bakery and a looming R28bn RFG merger reshaping the group.
Premier's 200-year-old recipe: earnings tipped to rise up to 30%
The maker of Blue Ribbon, Iwisa and Snowflake expects earnings to jump between 20% and 30% when it reports on 17 June, with cheaper global grain doing some of the heavy lifting.
Shoprite shrugs off the gloom with 268 new stores
Shoprite opened 268 stores and spent R3.9 billion expanding in just six months, even as Pick n Pay and SPAR scaled back.
Editor’s pick
Alexforbes assets swell to R733 billion as profit jumps 22%
Alexforbes grew its closing assets 22% to R733 billion and lifted normalised profit 22%, though headline earnings stayed muted.
The big banks' new battleground: SA's mid-sized businesses
Nedbank, Investec, FNB and Standard Bank are pouring resources into winning over medium-sized companies — a once-overlooked segment now delivering returns of up to 30%.
Eskom puts a stake in the ground with new renewables company Eskom Green
Eskom has launched Eskom Green, a utility-scale renewable energy business with 17 priority projects aimed at delivering roughly 6 GW of new capacity at its coal-fired sites by 2030.
Absa Shareholders Stage Historic Revolt Over R148m CEO Pay
More than 43% of Absa shareholders voted against the bank's pay report after new CEO Kenny Fihla's R148m package, one of SA banking's biggest remuneration rebukes.