iOCO grew profit by 39% to R357-million in the year to 31 July 2026, but net cash from its operating activities fell 44% to R239-million, as a large release of cash from customers in the previous year was not repeated. The figures, in audited annual financial statements published on Tuesday, fall within the ranges the…
Vumatel lifted operating profit 57% to R2.16-billion in the 12 months to 31 March 2026, on revenue up 15.3% to R4.43-billion, according to figures disclosed by Remgro in its results for the year to 30 June 2026 published on Friday. It is the first substantial look at what Maziv, the holding company for Vumatel and…
Anthropic said Claude “leads” 26% of the AI research and development work inside the company, part of new measures that it will publish regularly to show outsiders how quickly AI is building the next generation of the technology. AI also collaborated with humans on more than 90% of the research work happening at the company…
Customers re-fuel their cars at a petrol station as Brent crude oil prices hit $100 per barrel for the first time since May on July 23, 2026 in London, England. Leon Neal | Getty Images News | Getty Images The U.K.’s annual inflation rate jumped to 3.1% in August, pushed up by surging gasoline and…
At least 20 oil tankers have crossed the Strait of Hormuz since the U.S. and Iran began to reopen the sea lane to commercial ship traffic, according to the trade intelligence firm Kpler. Tanker transits on Thursday hit the highest level since June 2, the firm said. However, traffic is still below prewar levels when…
It comes as Iranian attacks on ships intensify in the crucial Strait of Hormuz waterway.
Palantir was an outlier in a tough week for the stock market, as the provider of software and services to the U.S. government saw its stock rally 15% following the U.S. attack on Iran. The tech-heavy Nasdaq fell 1.2% for the week, pushed lower by names like Apple, Google and Micron, and other benchmarks tumbled…
Oil prices rose about 4% on Wednesday, after Vice President JD Vance said Iran did not address U.S. red lines in nuclear talks this week and President Donald Trump reserves the right to use military force. U.S. crude oil rose $2.65, or 4.25%, to $64.98 per barrel by 12:20 p.m. ET. Global benchmark Brent was…
Altron Group’s share price jumped more than 8% on Thursday after the technology group issued a trading statement flagging significant earnings growth for its financial year ending 28 February 2026. The shares were 8.1% higher in mid-afternoon trading, changing hands at R20.98 each. The JSE-listed company said it expects headline earnings per share (Heps) from…
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