Nqobile Dludla

2 days ago | claimsjournal.com | Nqobile Dludla

Tiger Brands, South Africa’s biggest food producer, on Monday offered to compensate listeriosis victims, marking a major step toward resolving class action after a 2017 outbreak that killed about 200 people and sickened more than 1,000. The offer was made by the attorneys representing Tiger Brands lead insurer, QBE Insurance Group Limited, on April 25, which made settlement offers to specific classes of claimants who suffered from listeriosis, the company said in a statement.

3 days ago | ca.marketscreener.com | Nqobile Dludla

JOHANNESBURG (Reuters) -South African mobile network operator MTN Group reported a 33% jump in first-quarter core profit due to strong service revenue growth, lower device cost of sales in its domestic market, and a more stable economic environment. The jump in group earnings before interest, tax, depreciation and amortisation on a constant-currency basis in the quarter to end March reflects a 5.3 percentage point rise in margin to 44.1%, MTN said, without giving the value of EBITDA.

3 days ago | ca.marketscreener.com | Nqobile Dludla

JOHANNESBURG (Reuters) -South African discount grocery retailer Boxer said on Monday it expects sales growth in a low-teens percentage for its current financial year given the competitive pressure in the food retail market and lower inflationary environment. Boxer, majority owned by Pick n Pay, competes with Shoprite's Usave discounter and SPAR's SaveMor in smaller towns, townships and rural areas. Additionally, it also faces competition from independent retailers.

6 days ago | techcentral.co.za | Nqobile Dludla

Technology investor Prosus expects adjusted profit at its e-commerce business to exceed its guidance and reach US$435-million this fiscal year, CEO Fabricio Bloisi said on Thursday. Last year, European-listed Prosus, which is majority owned by South Africa’s Naspers, estimated adjusted earnings before interest and taxes (Ebit) of $400-million for its e-commerce business in the 2025 financial year, compared with a trading profit of $38-million in the 2024 fiscal year.

1 week ago | techcentral.co.za | Nqobile Dludla

Absa Group announced on Wednesday that Sello Moloko will step down as chairman of the bank on 15 July to make way for new leadership, and René van Wyk will succeed him, subject to regulatory approval. Moloko said he had decided to quit after the board “dealt with several challenges in 2024”, appointed a new chief executive and launched a restructure of Absa’s retail model.