JSE-listed technology services group iOCO increased profit after tax by 39% to R357m for the year ended 31 July 2026, as improved margins and lower finance costs strengthened its financial performance. Rhys Summerton | image supplied Revenue rose 3% on a constant currency basis to R5.73bn, while earnings before interest, tax, depreciation and amortisation (EBITDA)…
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…
Samsung Electronics has projected a landmark third-quarter operating profit of R1.32 trillion (₩107.4 trillion), marking the first time a global technology company has surpassed R1.23 trillion in quarterly earnings. Driven by a nearly nine-fold year-on-year surge in operating profit, the result represents Samsung’s fourth consecutive quarter of record earnings, fuelled by an escalating global memory…
SHENZHEN, CHINA – AUGUST 30: A Chinese national flag flies from a vessel in front of the MSC Claire container ship berthed beneath gantry cranes at Yantian Port on August 30, 2026, in Shenzhen, Guangdong Province, China. China is set to release its latest official manufacturing purchasing managers’ index as investors assess the outlook for…
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…
Lesaka Southern Africa CEO Lincoln Mali About 30 people have been affected by a restructuring of Lesaka Technologies’ merchant division, and the dual-listed fintech will not rule out further job losses as it folds four acquired businesses into one. “It would be foolish to say there won’t be,” Lesaka Southern Africa CEO Lincoln Mali told…
Discovery Bank posted R370 million profit, while attracting 70% of new business from outside the Discovery Group. Discovery Bank has reported a normalised profit from operations of R370 million for the year ended 30 June 2026, marking a turnaround from the R68 million loss recorded in the previous period. The bank’s move into profitability comes…
The Huawei logo at the World Artificial Intelligence Conference in Shanghai in July 2026. Go Nakamura/Reuters China’s Huawei Technologies reported a 36% plunge in first-half net profit on Monday as soaring input costs and heavier spending on research and development outweighed revenue growth. The Shenzhen-based tech and telecoms giant said net profit for January to…
Eskom chairman Mteto Nyati Eskom more than doubled its profit in the year to 31 March 2026, reporting net profit after tax of R30.3-billion against R14-billion the year before. It is the utility’s second consecutive annual profit after eight years of losses. Revenue rose 4.1% to R354.7-billion, earnings before interest, tax, depreciation and amortisation climbed…
Xiaomi announced that the heaviest pressures on its smartphone business have likely passed, even as second-quarter earnings missed analyst projections due to elevated component prices. High memory costs severely squeezed margins across its mobile division, but management expects cost inflation to temper throughout the second half of the year as its fast-growing electric vehicle (EV)…
