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Matengu profit plunges R315m amid high energy costs, retrenchment talks underway

Investment holding company Mantengu has dropped more than R300-million in profit for the year dealing a blow to shareholders as earnings per share also...

African Bank tightens credit appetite after R600m loss

African Bank has tightened its lending criteria in an effort to restore profitability following over R600-million net loss in its interim results. Zweli Manyathi, African...

Tech rebound lifts stocks as dollar edges higher

Stocks staged a tentative recovery on Wednesday from a rout in technology shares on the back of caution about overstretched AI valuations, while crude...

Crude falls more than 1% on hopes of steady Hormuz transit

Oil prices fell more than 1% on Wednesday, extending this week's losses to hit fresh four-month lows on signs that more oil tankers are...

Sibanye reaffirms SA operations as core earnings driver amid global uncertainty

Sibanye-Stillwater has reaffirmed the central role of its South African operations as the group’s main earnings engine, despite a challenging global backdrop marked by...

Ex-Clicks CFO Michael Fleming joins Santam board

Former Clicks and Tiger Brands chief financial officer executive Michael Fleming has been appointed an independent non-executive director at Santam. The seasoned finance executive was...