Lucky Star cannot get enough fish to fill its tins, and canned fish sales have dropped 9%
Oceana's local canning lines ran 60% below last year, and the same shortage of fish did far worse damage to the business nobody sees on a shelf.
Companies
The deals, results, leadership and strategy of the companies shaping South Africa.
Remgro's results carry the first real scorecard for the Vodacom fibre deal, and Vumatel's profit is up 57%
Four outlets each took a different number out of Friday's annual result, and the one nobody joined up is a fibre table.
Sasol is selling jet fuel made from used cooking oil, and the first buyer flies tourists to Antarctica
The fuel comes out of a refinery Sasol already owned, and the customer is a company charging $16 500 for a day trip to the ice.
The people who own SPAR's shops are choosing its next chairman, and head office says not so fast
The Guild that speaks for SPAR's independent retailers has named Phil Roux for the chair, and the board says nothing is confirmed.
Stitch has built a foreign-payments service for companies, and there is no crypto anywhere in it
South African businesses can now settle an offshore invoice in dollars through one provider, with the money landing the same day or the next.
Food Lover's Market told The Creamery to close in July, and customers have talked it out of it
All four Cape Town shops stay open, and the group that owns the brand will not yet say on what terms.
Chery is now South Africa's sixth-biggest car brand, and one model does almost all of the selling
The Tiggo 4 accounts for roughly four out of every five Cherys sold here, and the brand has just added a R569 900 seven-seater to the range.
Prudential is selling out of South Africa's biggest retirement administrator, and Patrice Motsepe's firm is buying the gap
An American insurer is leaving, Alexforbes is buying back close to a third of itself, and one shareholder ends up holding more than three-quarters of the company.
One South African insurer now has five businesses in the billion-rand club
Normalised headline earnings rose 13% to R7.06 billion for the year to June, clearing the Impact strategy's target twelve months ahead of plan, with five business units each earning more than a billion rand.
African Bank confirmed retrenchments days after its finance chief abruptly resigned
African Bank filled four executive seats and confirmed a Section 189A retrenchment process on the same day, five days after its chief financial officer walked out and six months after its chief executive did.
A company that owed PetroSA R825 million last year is now trying to have it liquidated
Nako Energy has asked the courts to liquidate PetroSA over R605.5 million it says the state oil company acknowledged owing in May 2025, a year after PetroSA sold it a diesel cargo it could not pay for.
Big story
Why does every big South African company suddenly want to be a bank?
Five of South Africa's biggest companies are moving into banking at once, and deposits, not banking fees, are what they are actually after.