Benchmark contracts head for weekly gains as recession fears ease
The fun and games in this innovative and rapidly changing sector will be well worth watching
Upgrade of outdated tobacco law on the way at last
The premier announced her cabinet after a meeting with the ANC’s deployment committee and its alliance partners
In a brief statement the telecom group says it has noted the interest by peer Rain in a tie-up, but no formal offer has been made
Credit bureau sees more defaults ahead as central bank increases interest rates
The improved sentiment is a result of increased merchandise export and import volumes and more new vehicles sold, Sacci report says
GDP is expected to shrink for the first time in more than a year
Top swimmers have a rivalry that could develop into one of SA sport’s greatestt
US secretary of state Antony Blinken visits SA, a fire in Cuba damages its main fuel storage facility, Kenyans vote for a new president, protests in Venezuela, and more
Steinhoff International, with majority stakes in Africa’s biggest apparel retailer, Pepkor, as well as Pepco in Europe, says easing Covid-19 restrictions helped with a double-digit rise in core profit in its 2022 financial half year, but it expects pressure on consumers to increase in coming months along with interest rates.
Group revenue from continuing operations grew 12% to €5.15bn (R86.4bn) in the six months to end-March, with core profit rising 13% to €760m, the latter driven mainly by a stellar performance from Pepkor, whose continued expansion resulted in it adding a net 108 new stores, while also carving out more market share...
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email firstname.lastname@example.org or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Would you like to comment on this article? Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.