FNB's owner is paying out its biggest dividend ever in the same year its profit went backwards
FirstRand's earnings fell for the first time in six years, and the whole of the damage was done by a car-loan scandal in Britain.
Companies
The deals, results, leadership and strategy of the companies shaping South Africa.
Libstar's headline earnings fell by nearly a third, and the part that grew was Greek yoghurt
Cheese and yoghurt carried the perishables side while the shelf-stable half fell over, and the market-share figure everyone quoted is not in any filing.
The V&A Waterfront earns nearly three times as much per square metre as everything else Growthpoint owns
One Cape Town precinct out of 453 properties, and it charges close to triple the rate of the rest of the portfolio.
Big story
Altron just switched on a national security system for Zambia's government, and has put no price on it
A Johannesburg-listed company built the layer that lets Zambia sign things online, and no value for the contract has been disclosed anywhere.
Takealot has taken its own logo off its delivery boxes for the first time in fifteen years
For Heritage Month the boxes are arriving in twelve languages, with a live website behind every one of them.
A third of Super Group's new car sales in South Africa now come from Chinese and Indian brands
A year ago it was a fifth. The brands changed, the volumes nearly doubled, and the margin got thinner.
Big story
South Africa’s newest bank is set to ramp up lending after attracting 742,000 customers
Old Mutual's interim results show OM Bank taking in deposits quickly, and the lending that has to pay for it only starting now.
Editor’s pick
DStv has built its first dedicated sports package, but Springboks’ games are not included
MultiChoice moves cricket and the Champions League down the price list on 17 September, and leaves Springbok rugby, Formula 1 and the golf majors where they were.
Discovery Bank has made its first annual profit, seven years after Discovery started building it
The first full-year profit is small. The 70% of new business arriving from strangers is the number the strategy actually rests on.
Old Mutual’s underlying business had a strong half, despite a 30% drop in earnings
Two measures in the same results went opposite ways, and which one a reader looks at decides what happened.
A herpes virus is killing South African sardines, and the canned fish aisle is carrying on regardless
Pilchard herpesvirus has been confirmed in South African sardines for the first time, and the safety of a tin turns on the canning process rather than the sea.
AVI's revenue barely moved this year, and it is paying shareholders a special dividend of 300 cents anyway
Cost cutting, a fishing turnaround and a smaller payroll turned 1.4% more sales into 4.4% more profit, and a payout on top.