Shell NYSE:SHEL may be close to another major portfolio cleanup move.Bloomberg reported that Shell is in advanced talks to sell its South African fuel station network to ADNOC's retail arm in a deal worth about $1 billion. The transaction could be announced within days and would hand ADNOC roughly…
By Adam WhittakerHarmony Gold said it met its full-year gold production and all-in costs guidance.The miner said it expects to post gold production for fiscal 2026 of between 1.4 million and 1.5 million ounces, the 11th consecutive year it has met gold output guidance.In an update ahead of its full…
Production and export sales increased in H1 2026, with robust operational performance and cost guidance reaffirmed. The sale of Kleinkopje mining rights boosts earnings, while capital allocation and dividend policy remain steady. M&A focus stays asset-specific, and operational risks are well manage…
Production and export sales increased in H1 2026, with robust performance in both South Africa and Australia. Cost and capital guidance remain unchanged, and the group expects a strong net cash position. Sale of Kleinkopje mining rights reduces environmental provisions and boosts earnings.Based on…
2026 is a transition year marked by new leadership and a pan-African operating model. Revenue and headline earnings are set to grow modestly, with margin compression in Africa Regions impacting net interest income. Cost initiatives and new hires are expected to support medium-term ROE targets of 16…
2026 is a transition year marked by new leadership and a pan-African operating model. Revenue and headline earnings are set to grow modestly, with South Africa outperforming and Africa Regions facing margin pressure from rate cuts, especially in Ghana. Medium-term ROE targets remain intact, with co…
Safety performance remains strong with no fatalities for 39 months. Export saleable production is stable in South Africa and rising in Australia, with higher realised prices and robust cash generation. Portfolio optimization and capital discipline continue, with interim results due 17 August 2026.O…
Safety performance remains strong with no fatalities for 39 months. Coal prices and export sales increased year-on-year, with production guidance maintained and cost guidance reaffirmed. Net cash is expected between R5.9bn and R6.1bn, and the dividend policy is unchanged.Original document: Thungela…
Challenging macroeconomic conditions and policy rate shifts are impacting growth and margins, with revenue and headline earnings expected to grow by low to mid-single digits in 1H26. Credit quality is stable, and RoE is projected near 14.8%, with a CET1 ratio above target.Original document: Absa Gr…
Revenue and EBITDA surged, driven by ecosystem expansion beyond food delivery, with strong growth in fintech, travel, and ads. Investments in AI and technology are fueling operational efficiency and customer retention, while short-term profitability is impacted by competitive subsidies in Brazil.Ba…
Earnings and revenue grew for the eighth consecutive year, with headline EPS up 9.1% and revenue rising 7.7% to R2.84 billion. Strong international manufacturing performance and prudent capital allocation, including share buybacks, underpin a positive outlook.Original document: Argent Industrial Li…
Revenue and EBITDA saw strong double-digit growth, driven by ecosystem expansion beyond food delivery and robust performance in fintech, ads, and travel. AI integration is accelerating operational efficiency, while increased investment in iFood and JET is expected to temporarily flatten profitabili…
Revenue and EBITDA surged, driven by ecosystem expansion beyond food delivery, with strong growth in groceries, fintech, and ads. AI integration and disciplined capital allocation underpin future growth, despite short-term margin pressure from competition and ongoing investments.Based on Naspers Li…
Revenue grew 51% to US$10.8bn, with ecosystem aEBITDA up 84% and all core businesses aEBITDA-profitable. Major acquisitions and disciplined execution drove strong free cash flow and a 40% dividend increase, while AI innovation and ecosystem synergies remain strategic priorities.Original document: N…
Revenue surged 51% to US$10.8bn, driven by strong growth in LatAm, Europe, and India, and major acquisitions. Adjusted EBITDA rose 119% to US$1.1bn, while core headline earnings increased 14% to US$3.6bn. Strategic investments in AI and ecosystem expansion position the group for continued growth.Or…
Ecosystem revenue grew 12% to $9.7B, with aEBITDA up 44% and all segments profitable. Strong growth in LatAm, Europe, and India was supported by innovation, asset disposals, and a robust buyback program. Net debt remains low and investment grade ratings are maintained.Original document: Naspers Lim…
South African freight operators are delaying deliveries, mapping alternative routes and weighing additional security ahead of anti-migrant demonstrations scheduled for June 30, according to Bloomberg.The steps are aimed at protecting workers and cargo from potential disruptions along some of the co…