Philippa Larkin

Business Reporter Editor

Retail sales surge by 7% in January as consumers spend more

Philippa Larkin|Published

South Africa's retail sector kicks off 2025 with impressive growth, as January sees a 7. 0% year-on-year increase in sales, driven by improved consumer spending ...

Public comment invited on R100bn draft Transformation Fund for black-owned businesses

Philippa Larkin|Updated

Minister Parks Tau has unveiled the R100 billion Draft Transformation Fund aimed at empowering black-owned businesses, now open for public comment until May 7

South Africa’s renewable energy sector celebrates dual financial milestones

Philippa Larkin|Published

This week marks a significant advancement in South Africa's renewable energy landscape as two major projects secure financial backing, paving the way for a sustainable ...

Pilots to strike at SAA on Wednesday

Philippa Larkin|Published

South African Airways braces for a significant pilot strike on Wednesday, following failed wage negotiations. Discover how this industrial action could affect your ...

Remgro's share price surges nearly 4% following strong earnings forecast

Philippa Larkin|Published

Remgro's share price rose nearly 4% on Tuesday after it flagged a likely hike in headline earnings per share of up to 43% for the six months ended December 31, 2024 ...

Deputy Finance Minister calls for action on Africa's debt crisis at G20 meeting

Philippa Larkin|Updated

Deputy Finance Minister Masondo urges immediate action to address Africa's escalating debt crisis, calling for collaborative solutions at the G20 International Financial ...

New FNB's eBucks partnership offers greater savings at Pick n Pay

Philippa Larkin|Published

Pick n Pay is set to enhance customer benefits through its partnership with FNB's eBucks programme, expanding eligibility from 1. 4 million to 6. 4 million customers ...

Online gambling revs Sun International's results as CEO says US-SA tensions will affect tourism

Philippa Larkin|Published

Sun International reports impressive 2024 results driven by its online gambling platform, Sunbet, while CEO Anthony Leeming warns that strained US-South African ...

SA's big banks post modest 5. 9% earnings in 2024 amid economic headwinds - PwC

Philippa Larkin|Published

South Africa's major banks demonstrated resilience in 2024, posting a 5. 9% increase in combined headline earnings to R119 billion, despite challenging economic ...

Market cheers Thungela Resources's robust 2024 results despite coal market challenges

Philippa Larkin|Published

Thungela Resources exceeds production expectations in 2024, with CEO July Ndlovu highlighting a significant turnaround in South African output and a positive market ...

RFG Holdings reports revenue growth despite domestic and international challenges

Philippa Larkin|Published

RFG Holdings achieves a 2. 1% revenue increase to R3. 1 billion, overcoming domestic demand resilience and global setbacks

Sun International posts robust growth fuelled by online gaming surge for 2024

Philippa Larkin|Published

Discover how Sun International's online gaming division, Sunbet, has significantly boosted its financial performance in 2024.

Libstar expects drop in annual earnings amid impairment charges

Philippa Larkin|Published

"Libstar Holdings forecasts a significant decline in annual earnings, primarily due to R508. 7 million in impairment charges, reflecting both challenges and strategic ...

Ebrahim Rasool no longer welcome in US: Here's what he said

Philippa Larkin|Published

US Secretary of State Marco Rubio labeled South Africa's ambassador Ebrahim Rasool, as 'persona non grata' following controversial remarks made at a MISTRA webinar. ...

Ebrahim Rasool is no longer welcome in the US following MISTRA webinar: What he said

Philippa Larkin|Published

US Secretary of State Marco Rubio labels South Africa's ambassador Ebrahim Rasool as 'persona non grata' after controversial remarks at a MISTRA webinar. This is ...

Budget 2025: Food security at stake with 0. 5% VAT hike set to hit households in the belly

Philippa Larkin|Published

South African consumers brace for a significant impact at the checkout as Finance Minister Enoch Godongwana's 2025 Budget introduces a 0. 5% VAT increase, threatening ...

Daybreak Farms reassures stakeholders amid CEO resignation and liquidation rumours

Philippa Larkin|Published

"Daybreak Farms confirms it is not being liquidated amid CEO Richard Manzini's resignation, addressing stakeholder concerns and ongoing financial speculation

Metair shares surge as market cheers capital restructuring plan

Philippa Larkin|Published

Metair Investments Limited's shares surged by 15. 86% to R5. 99 on the JSE after the company announced a significant capital restructuring plan, aiming to alleviate ...

Rand gains momentum as investors anticipate Budget Speech from Enoch Godongwana

Philippa Larkin|Published

South African rand strengthens against the dollar as investors await Finance Minister Enoch Godongwana's Budget speech, amid rising gold prices and global economic ...

February recovery: South Africa's REIT sector navigates global turbulence

Philippa Larkin|Published

South Africa’s Real Estate Investment Trust (REIT) sector is showing signs of resilience amid a turbulent global backdrop, posting a 1. 2% recovery in February after ...

Orion Minerals reports interim loss while advancing key Northern Cape copper projects

Philippa Larkin|Published

Orion Minerals reported a R75 million loss for the half-year but continues advancing its copper and zinc projects in the Northern Cape, targeting first production ...

Clientèle reports steady performance bolstered by 1Life acquisition

Philippa Larkin|Published

Clientèle's latest financial results reveal a 217% surge in earnings per share, driven by the R469. 1 million gain from the 1Life acquisition. Despite challenging ...

Orion Minerals reports interim loss while advancing key copper projects

Philippa Larkin|Published

Orion Minerals reports a 15. 4% increase in losses to A$6. 52m for H1 2024, while making significant progress on its Northern Cape copper and zinc projects. The ...

Financial troubles at Daybreak Farms: PIC's silence during management crisis

Philippa Larkin|Published

South Africa's state-owned poultry producer Daybreak Farms faces possible liquidation as CEO Richard Manzini resigns following PIC's rejection of a R250m bailout. ...

POWERX and Yellow Door Energy ink 24. 5MWp North West solar deal

Philippa Larkin|Published

POWERX and Yellow Door Energy have signed a groundbreaking 24. 5MWp solar power purchase agreement in Leeudoringstad, North West, promising to create over 500 jobs ...

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