Discovery Bank was launched in 2019 as SA’s first fully digital, wellness‑linked bank, part of the Discovery Limited ecosystem. Discovery Bank is accelerating client acquisition in South Africa, as it deepens its footprint in an increasingly competitive retail banking market. This emerged when parent company insurer Discovery yesterday published its operational update and trading statement…
Africa-focused e-commerce retailer Jumia Technologies expects to break even in the last quarter of 2026 and deliver its first full-year profit next year as it accelerates growth after years of restructuring, its CEO said on Wednesday. Jumia, which will operate in eight markets after exiting Algeria this month, has dropped everyday grocery items and food…
A Johannesburg Metropolitan Police Department roadblock. (Source: OUTA) The Organisation Undoing Tax Abuse (OUTA) is challenging a tender issued by the Road Traffic Infringement Agency (RTIA) for a turnkey IT solution for the Administrative Adjudication of Road Traffic Offences Act (AARTO). In a statement, the non-profit civil action organisation argues there are several flaws in…
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…
Signage at the SK Hynix Inc. booth at the China International Import Expo (CIIE) in Shanghai, China, on Thursday, Nov. 6, 2025. The expo runs through Nov. 10. Photographer: Qilai Shen/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images South Korea’s SK Hynix on Wednesday reported record full-year profit for 2025, more than doubling…
Headquarters of Samsung in Mountain View, California, on October 28, 2018. Smith Collection/gado | Archive Photos | Getty Images South Korea’s Samsung Electronics expects its profits to triple in the final three months of last year, reaching a record high, as memory prices surge amid booming demand tied to artificial intelligence. The world’s largest memory…
Eskom’s Kendal coal-fired power station. Siphiwe Sibeko/Reuters Eskom on Friday reported profit after tax of R24.3-billion for the six months to the end of September, roughly 37% higher than the same period last year. In September Eskom reported its first full-year profit in eight years after a sudden turnaround in the performance of its coal-fired…
Altron CEO Werner Kapp. Despite a challenging economic environment, JSE-listed technology group Altron has delivered a strong set of results, with a 15% increase in operating profit, for the six months ended 31 August. Announcing its financial results in a statement this morning, the group says despite its digital business taking a knock, operating profit…
Ioco Limited has reported a return to profitability for the financial year ended 31 July 2025, marking a decisive turnaround after three years of losses. The technology group credited its improved performance to an operational reset, disciplined execution, and a more focused business structure. Group CFO Ashona Kooblall For the first time, Ioco generated enough…
A visitor looks at a model of SK hynix’s high-bandwidth memory (HBM) technology during the 2025 World IT Show in Seoul on April 24, 2025. Jung Yeon-je | Afp | Getty Images South Korea’s SK Hynix on Wednesday posted record quarterly revenue and profit, boosted by a strong demand for its high bandwidth memory used in generative…
