Discovery Insure set for profitability – Business Day

Financial services group Discovery’s short-term insurance division is on track to be profitable within two years, in contrast with other South African short-term insurers, which are under strain.  view article

Woolies clients 'will feel rate hike most' – Business Report

Spending among resilient consumers in the higher income brackets could be hampered by possible further interest rate hikes, Woolworths chief executive Ian Moir said yesterday However, should this happen he said Woolworths, which has outperformed its competitors both in the clothing and food spaces, would be able to cope with the consequences. view article

Kumba negotiates for Sishen right – Business Day

Kumba Iron Ore is in talks with the Department of Minerals and Energy about conditions for securing a mining right over an unallocated stake in its flagship Sishen mine as it contemplates a future free of time-consuming legal battles. view article

Barclays 'on track after tough period' – Business Day

Barclays Africa Group’s share price surged more than 5% to an intraday high of R130.50 yesterday after the bank reported a 14% rise in earnings as it showed bad debt was under control and its retail division’s turnaround plan was gaining traction. CEO Maria Ramos said the group was on the right track after a […]

Subscribe to UP Quarterly