Mpho Sibanyoni

By Mpho Sibanyoni Lotto results for Saturday, August 22 2026 Lotto: 05 | 10 | 12 | 14 | 23 | 41 Bonus Ball: 20

Eskom has reported a sharp improvement in its financial and operational performance, posting a net profit of R30.3-billion for the year ended March 31, more than double the R14-billion recorded a year earlier, as improved power station reliability, higher electricity tariffs, and lower financing costs boosted the utility's bottom line.

RCL Foods has reported a sharp decline in earnings for the year ended June 2026, with weaker performances in its sugar and pet food businesses weighing on profitability, despite improved results in parts of its groceries and baking divisions.

Nedbank Group has moved a step closer to completing its planned acquisition of a majority stake in East African banking giant NCBA Group PLC after securing approval from the Central Bank of Kenya.

Sasol Group has reported a sharp improvement in earnings for the year ended June 30, 2026, driven by stronger operational performance, higher fuel

Africa's biggest grocery retailer, Shoprite Holdings, has reported strong growth in sales, earnings and shareholder returns for the year ended June 28 2026.

Mining giant Sibanye-Stillwater delivered a dramatic turnaround in its financial performance for the first half of 2026, reporting record revenue, a

Woolworths Holdings has increased revenue to a record R83.5-billion in the 52 weeks to June 28 2026, but a higher tax bill and continued impairments weighed on the retailer's bottom line, resulting in lower profits for the year.

Building materials retailer Cashbuild has increased its revenue by 6% for the 52 weeks ended June 28 2026, but lower earnings and a loss linked to the disposal of its Malawi business weighed on the retailer's bottom line.

The Competition Commission has found that township and rural businesses are being squeezed from all sides, by costly suppliers, exclusion from malls and online platforms, and a mountain of municipal red tape, limiting their growth and forcing consumers to pay more and travel further.