Author Archive for: Oom JJ

South African financial services giant Discovery Limited has reported strong financial results for the 2026 financial year. The group experienced impressive growth across all of its operating sectors during this period. A major highlight of the financial results was the performance of Discovery Bank, which has officially swung into profitability. This milestone marks a significant transition for the digital banking

Chamberlain has officially expanded its footprint in South Africa by opening its tenth store in Gauteng. The brand-new hardware outlet is located in the East Rand, offering local residents a modern shopping destination. This new branch aims to combine a wide range of hardware products with expert advice and trusted service. The expansion marks a significant milestone for the hardware

A recent ruling by the Constitutional Court of South Africa against energy giant Shell has sparked intense debate regarding its economic consequences. While environmental advocacy groups are celebrating the court’s decision to block offshore oil and gas exploration, critics argue the move carries a heavy financial price. According to reports, halting these exploration activities could ultimately cost the South African

South African retail giant Woolworths has reported a significant milestone in its digital commerce operations, with its online turnover reaching R8.22 billion during the second half of the financial year. This impressive figure highlights the rapid shift toward digital shopping channels among South African consumers. The retailer’s financial performance reflects a growing consumer reliance on digital platforms for their everyday

South Africa’s business confidence remains stuck at a level that is too low to encourage significant new investment across the country. According to recent economic data, the overall business mood has failed to gain the momentum needed for companies to expand their operations. This lack of investment confidence suggests that many local businesses are choosing to adopt a cautious approach,

The Shoprite Group, which owns the popular Checkers supermarket chain, has officially finalised the acquisition of a majority stake in a South African fintech company. According to reports, the retail giant has secured an initial fifty-one percent shareholding in the financial technology business. This strategic move is specifically designed to help the group target and tap into South Africa’s massive

Property investment group Fundamentum has announced a massive R2.1 billion investment aimed at reshaping the Cornubia precinct in Durban, KwaZulu-Natal. This major development project represents a significant expansion for the group within the eThekwini metropolitan area. The new funding injection is set to transform the local property landscape, building on the existing commercial and industrial infrastructure already established in this

The popular Walmer Park shopping centre in Gqeberha, Eastern Cape, is undergoing a major R75 million expansion project. This substantial investment is set to introduce several new retail stores to the region, including some brands that will be entering the Eastern Cape market for the very first time. The development represents a significant boost for the local retail sector, enhancing

Eskom, South Africa’s national power utility, has seen its average employee salary reach R1.16 million. This significant figure highlights the compensation structure at the state-owned enterprise. According to recent financial reports, the utility’s overall expenditure on employee benefits has experienced substantial growth. This trend reflects ongoing adjustments in how the utility compensates its workforce, making it one of the most

184 new listings landed on the board this week, down 14% on the week before. Gauteng led the provinces and Finance & Accounting was the busiest category.