The logo of Japanese entertainment and electronics giant Sony is displayed at the company’s headquarters in Tokyo on May 14, 2025. Kazuhiro Nogi | Afp | Getty Images Sony on Thursday reported a rise in operating profit that beat expectations, supported by favorable foreign exchange rates despite surging memory chip costs. Here are Sony’s December…
Electricity minister Kgosientsho Ramokgopa Electricity minister Kgosientsho Ramokgopa is upbeat about the energy sector for next year, saying it has moved from a “crisis” to a “catalyst” for economic growth. While announcing the first stage of the Independent Transmission Projects (ITP) programme and the additional preferred bidders under bid window 7 of the renewable energy…
The expiry of the African Growth and Opportunity Act (AGOA) duty-free access window presents an immediate challenge to Nigeria and Africa, particularly for African apparel exporters, a report by BMI, a Fitch Solutions Company, has said. Now that AGOA preferences have lapsed in September 2025, several countries will be forced onto Most-Favoured Nation (MFN) tariff…
Government has welcomed Fitch’s decision to affirm South Africa’s long-term foreign and local currency debt ratings at “BB-” and maintain the stable outlook. According to Fitch, South Africa’s credit rating is constrained by several factors, including low real gross domestic product (GDP) growth, high poverty and inequality levels, a high and rising government debt-to-GDP ratio,…
Miguel da Silva, Group Executive: Business Banking at TymeBank, examines the developments affecting South Africa’s SMEs as international finance leaders gather in Johannesburg. Johannesburg Hosts Global SME Finance Forum Alongside G20 Proceedings The Global SME Finance Forum takes place in Johannesburg from 15 to 17 September, bringing together more than 1 200 participants from over…
MTN South Africa has revised its mid-term service revenue guidance downwards as the operator faces stiffer competition in its home market, despite a positive upswing in its operations in the rest of Africa. The business “continues to navigate an environment characterised by elevated competitive intensity and ongoing pressure on consumers”, MTN Group said in its…
Sign at the entrance to the Puma store in Midtown Manhattan. Erik Mcgregor | Lightrocket | Getty Images Puma shares plummeted as much as 18% Friday after the German sportwear brand posted worse-than-expected second-quarter sales and cut its full-year guidance, flagging the impact of U.S. trade tariffs. In a preliminary updated after markets closed on…
