WeBuyCars share price spells doom for controversial car dealer
The WeBuyCars share price plunged more than 12% on Tuesday morning after the company warned investors that its earnings growth slowed in the second half of its financial year.
Latest in Financial reports
News
Outage-laden Capitec Bank posts huge earnings in 2025 financial report
Capitec Bank reported a 30% surge in 2025 headline earnings as customers faced repeated app outages and executives walked away with multimillion-rand payouts.
Technology
MultiChoice confirms 2025 DStv prices: Here’s what you must know
MultiChoice has announced its DStv price increases for 2025, with adjustments across several packages. Here’s what subscribers can expect.
News
Eskom uncovers illicit ring operating internally in sale of illegal prepaid electricity tokens
Eskom has uncovered an internal fraud ring selling illegal prepaid electricity tokens, as revealed in its FY2024 performance report.
News
Eskom reports turnaround in 2025 amid warning signs of loadshedding’s return
For the 2024 financial year, Eskom faced dire circumstances, including a record-breaking 329 days of loadshedding and an Energy Availability Factor (EAF) that dipped to 54.56%.
News
Sasfin records epic losses amid plans to delist from JSE
The company’s headline earnings took a dramatic plunge, reporting a loss of R58.68 million, a stark contrast to the profit of R112.68 million in 2023.
News
Tupperware Brands files for bankruptcy: Here’s what we know
Tupperware Brands has filed for Chapter 11 bankruptcy, with global operations under review. Uncertainty looms for Southern African workers amid the restructuring.
News
SAA earns R7.3bn in passenger revenue with fleet of 13 aircraft
South African Airways (SAA) posts R7.3 billion in revenue for 2023/24, with new routes planned to DRC and Tanzania.
Technology
Showmax is bleeding MultiChoice dry – Here’s why
MultiChoice experienced significant losses due to increased investment in Showmax and adverse economic conditions.
News
Pick n Pay plans to close 100 stores after posting worrying results
The closure of these stores is expected to save approximately R850 million in costs and avoid further losses.
News
Is Shell leaving South Africa? – Here’s what you must know
Shell plans to divest its majority shareholding in its South African downstream unit, ending over a century of operations in the region.
Fashion
Adidas announces plans to continue Yeezy drops in 2024
Adidas plans to release further Yeezy products in 2024 despite past controversies with Ye, the brand's former collaborator.
News
South Africa’s food and beverage sector sees notable growth in February 2024
The food and beverage industry in South Africa experienced notable growth in February 2024, with substantial contributions from catering services
News
Old Mutual 2023 annual results loom amid raucous boycott
Old Mutual looks to report positive gains in its 2023 annual results amid a PR nightmare that impacted Monday's performance on the JSE.
News
Irregular expenditure totalled R63.3 billion in 2022-23, Auditor-General reports
'The irregular expenditure disclosed in 2022-23 totalled R63.37 billion,' Auditor-General Tsakani Maluleke revealed in this year's report.
News
Multichoice profitability suffers a massive blow in Y24 financial reports
Multichoice, despite maintaining a positive trade profit margin, posted massive headline losses in its financial report.
Lifestyle
Bolt Food to cease operations in South Africa and Nigeria
Bolt Food, amidst a strategic realignment by parent company Bolt, will cease operations in South Africa and Nigeria by December 2023.
News
Eskom 2023 annual returns show staggering net losses totalling R23.9 billion
Eskom's Energy Availability Factor also (EAF) worsened to 56.03%, a decrease from 62.02% in 2022.
Technology
Netflix set to increase subscription prices amid strong Q3 earnings performance
Netflix is set to raise its subscription prices amid a strong Q3 earnings performance with a revenue of $8.5 billion.