Pick n Pay predicts significant recovery in headline loss per share
Pick n Pay Stores' share price surged nearly 5% after the company announced an expected improvement in headline loss per share for the financial year ending February 2025, signalling a potential turnaround in its financial performance.
Spear REIT expands Western Cape portfolio as distributions grow and forecast brightens
As Spear Reit charts its path forward, the company is not merely responding to market dynamics but actively shaping them, setting the stage for an exciting future in the evolving South African property landscape.
Investec reports strong performance and outlines five-year strategy
Investec Group has reported a robust performance for the year ending March 31, with a return on equity of 13. 9%. The CEO outlines a new five-year strategy aimed at enhancing client acquisition and optimising shareholder returns.
Navigating South Africa's Budget 2025: key decisions in a stagnant economy
Explore the challenges and decisions facing South Africa's Budget 2025 as economists debate the implications of fiscal policies amidst a stagnant economy.
Enoch Godongwana proposes inflation-linked fuel levy increase to bolster revenue
Finance Minister Enoch Godongwana announces an inflation-linked increase in the fuel levy, aiming to raise revenue and support essential public services amid economic challenges.
Treasury denies further bailouts for South African Post Office amid financial struggles
The South African Post Office is grappling with severe financial difficulties, having received a R381 million bailout from the UIF TERS scheme. This article explores the implications of this funding, the challenges faced by state-owned companies, and the government's stance on future financial support.
Transnet may receive government guarantee for borrowing amid serious financial concerns
Transnet faces a potential liquidity crisis as Moody's warns of unsustainable capital structure and exhausted government guarantees. With a turnaround strategy in progress, the state-owned entity seeks additional support to avoid default on its debt.
Treasury DG Duncan Pieterse thanks colleagues for their sterling effort
Treasury Director General Duncan Pieterse praises his team for their efforts in navigating budget challenges and fiscal consolidation, while Finance Minister Enoch Godongwana discusses revenue goals and infrastructure spending
How Sars' workforce expansion is transforming payroll compliance
With Sars ramping up its workforce and compliance efforts, employers must prepare for a thorough review of payroll practices.