Buffett's Berkshire finally cracked open its cash mountain
In Greg Abel's second quarter as boss, Berkshire bought back stock, added $10 billion of Alphabet, and turned a buyer of shares for the first time in years.
Companies
The deals, results, leadership and strategy of the companies shaping South Africa.
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Netcare wants to use AI to catch medical emergencies 8–10 hours early
South Africa's largest hospital group has asked the regulator to approve a tool that reads vital signs and flags danger up to ten hours early.
Spur set aside R129.5 million over a ribs deal it says never existed
A six-year fight with a food manufacturer just dented Spur's profits — but the restaurant group is appealing, and reckons it will get the money back.
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OpenAI reportedly wants to sell you a $300 metal doughnut
The ChatGPT maker's first gadget is said to be a screenless, doughnut-shaped speaker designed with Jony Ive — and priced like a premium one.
Eskom wants to go green — mostly with other people's money
Its year-old renewables arm is about to tender a 2GW solar and 1GW battery project, and plans to keep the cost off Eskom's strained balance sheet by leaning on private partners.
Pick n Pay's recovery is real — but its own supermarkets aren't the engine
Online sales jumped 37.5% and clothing clawed back, yet the core Pick n Pay supermarkets stayed flat — and a contested retrenchment fight still stands between the group and break-even.
Emirates and SAA turn a 30-year partnership into a two-way street
With regulators signed off, Emirates can now sell seats on South African Airways flights across nine domestic and regional routes — and Johannesburg gets to play gateway.
EasyEquities is about to move into Absa's banking app
The investing platform will embed inside Absa's app from September, handing the bank's millions of customers a route into the market — without Absa having to build a broker of its own.
Sasol's profit is about to leap — but not the number that counts most
A fresh trading statement points to statutory earnings nearly doubling, yet the cleaned-up figure investors actually track barely moves — and a friendlier oil price, not a turnaround, did the lifting.
SpaceX doubled its revenue, and it wasn't the rockets that did it
In its first results since a record IPO, SpaceX's revenue jumped 92% — driven by renting out AI computing power to Anthropic and Google, and by Starlink.
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MTN is buying back the towers it once sold off
A shareholder vote has pushed MTN a step closer to taking full control of Africa's biggest tower company in a R101-billion deal.
A court just ordered the boss of South Africa's biggest fund manager reinstated
The High Court set aside Patrick Dlamini's suspension, ruling the PIC board never had the power to remove him.