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MTN's Best Numbers in Years Triggered Its Worst Day on the JSE
A 71% profit jump in Nigeria should have been a triumph — but a mobile-money stumble and a surprise Ghana lawsuit sent MTN's shares down almost 10%.
Companies
The deals, results, leadership and strategy of the companies shaping South Africa.
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Cigarettes Are Fading. Nicotine Pouches Just Rescued Big Tobacco's Year.
British American Tobacco lifted its profit outlook as booming Velo pouch sales and a strong US run offset shrinking cigarette demand — even as it cuts thousands of jobs.
Pep's Owner Says It's Building Its Own Bank — On Its Own
Pepkor shot down a report that it was teaming up with Standard Bank to take on Capitec, insisting its own bank is still on track for 2027.
Foschini's Boss Just Took a 59% Pay Cut. His Stores Are Next.
After a year of falling profit and a share price cut in half, The Foschini Group slashed its CEO's pay to R18.5 million and lined up hundreds of stores to close.
Editor’s pick
Apple's Record Quarter Came With a Near-$500 Billion Hangover
The iPhone maker posted its strongest-ever June quarter, then watched a looming memory-chip shortage knock almost 10% off its share price.
A Faraway War Is Emptying South African Planes
FlySafair says domestic demand has fallen about 14% since the Middle East conflict sent jet-fuel prices soaring and priced ordinary travellers out of their seats.
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Anglo American Is Betting Everything on Copper
Record copper prices tripled the dividend and lifted core profit by more than a third, but writing down the coal business it is selling still tipped Anglo into a loss.
Microsoft's AI Cloud Is Minting Money, Even as Xbox Keeps Slipping
A record year for Azure and a $3.2 billion windfall on its Anthropic stake carried Microsoft past $90 billion in quarterly sales, while the games and Windows businesses stalled.
BMW Is Cutting Thousands of Jobs as the Good Times Fade
A deal with its own workers will shrink the German carmaker by a reported 8,000 people, after quarterly profit tumbled and Chinese sales slid.
Woolworths' New Boss Has Inherited an Old Problem
A solid year on paper hides a second half knocked off course by the Middle East war and rising interest rates, just as a new chief executive settles into the job.
A World Cup gave Coca-Cola its best quarter in years
Coca-Cola beat expectations and raised its full-year outlook, crediting a global World Cup marketing blitz for a jump in demand.
PayPal to its lurking suitor: not at that price
After beating earnings, PayPal signalled a $53.4 billion takeover bid from Stripe and Advent undervalues it, without ruling a deal out.