Edward West

Multimedia Journalist, Business

Sanlam reports strong growth amid market uncertainties, but warns of declining earnings

Edward West|Published

Sanlam has reported impressive growth in a challenging market, but anticipates a decline in headline earnings per share for 2025, highlighting the impact of corporate ...

FirstRand CEO discusses South Africa's economic resilience amid global uncertainty

Edward West|Published

FirstRand's CEO, Mary Vilakazi, highlights the positive macroeconomic factors supporting South Africa's economy, as the group reports an 11% increase in earnings ...

How business tourism fuels Cape Town's economy

Edward West|Published

Discover how business tourism has become a cornerstone of Cape Town's economy, contributing over R745 million in the past year and attracting thousands of international ...

Impala Platinum Holdings rewards shareholders with R3.7 billion payout

Edward West|Published

Impala Platinum Holdings has announced a R3.7 billion payout to shareholders, driven by strong platinum prices and impressive financial performance for the six months ...

Cashbuild reports 21% increase in interim dividend amid challenging trading conditions

Edward West|Published

Cashbuild, a leading South African building materials retailer, has announced a 21% increase in its interim dividend, with revenue rising 3% to R6.3 billion despite ...

Woolworths reports mixed financial results amid pressure on gross profit margins

Edward West|Published

Woolworths reports a 1.7% increase in share price, driven by growth in its food business, despite facing challenges with gross profit margins and consumer spending ...

Wilson Bayly Holmes - Ovcon's share price falls after flat earnings report

Edward West|Published

Wilson Bayly Holmes - Ovcon's share price fell 15.6% following a report of flat earnings growth and declining revenue, highlighting challenges in the South African ...

Brimstone Investment Corporation reports 98% increase in headline earnings

Edward West|Published

Brimstone Investment Corporation has reported a remarkable 98% increase in headline earnings for the year ending December 31, driven by strong results from its fishing ...

How Discovery is leveraging AI for robust growth across its business segments

Edward West|Published

Discovery Group has reported robust growth across its South African and global operations, driven by a shared-value business model and advancements in artificial ...

Shoprite warns government on reliance of CPI inflation data

Edward West|Published

Shoprite's CEO Pieter Engelbrecht highlights discrepancies between government CPI inflation data and the retailer's own calculations, revealing a significant difference ...

JSE pays special dividend and records growth as CEO Dr Leila Fourie steps down

Edward West|Published

The Johannesburg Stock Exchange reports record financial results and declares a special dividend as CEO Dr Leila Fourie prepares to retire, marking the end of a ...

Bidvest Bank sees renewed interest following failed Access Bank acquisition

Edward West|Published

Bidvest Bank's acquisition by Access Bank has fallen through, prompting a renewed sale process. CEO Mpumi Madisa expresses confidence in finalising the sale by year-end, ...

MTN expects strong earnings surge for 2025 driven by operational growth

Edward West|Published

MTN Group is set to announce impressive financial results for FY 2025, with earnings expected to surpass previous year losses. Discover how operational enhancements ...

RCL Foods reports subdued grocery sales despite positive economic indicators

Edward West|Published

RCL Foods reveals that despite positive economic signals, consumer spending on food products remains low, impacting sales and earnings. CEO Paul Cruickshank discusses ...

Media24 to shut down City Press as part of digital shift

Edward West|Published

Media24's decision to close City Press marks the end of an era for the newspaper, prompting discussions about the future of print media as digital consumption continues ...

South Africa's car market in 2025: Growth in used vehicles and the rise of Chinese brands

Edward West|Published

he 2025 AutoTrader Annual Car Industry Report reveals significant trends in South Africa's automotive market, highlighting the growth of used vehicles, the dominance ...

Vukile expands into Madrid with €318 million purchase of Islazul Shopping Centre

Edward West|Published

Vukile Property Fund is set to make its debut in Madrid by acquiring the Islazul Shopping Centre for €318 million, marking a significant step in its capital recycling ...

Northam announces record interim dividend and significant profit growth

Edward West|Published

Northam Platinum's share prices surged over 7% following the announcement of a record interim cash dividend of R2.8 billion, alongside impressive financial results ...

Impact of fuel levy and excise duty increases on South African consumers

Edward West|Published

The recent increases in fuel levies and excise duties announced in the National Budget are set to have a cumulative impact on South African consumers. This article ...

KAP reports 32% increase in well diversified interim headline earnings

Edward West|Published

KAP, the diversified industrial group, reports a 32% increase in headline earnings per share for the six months to December 31, despite a 3% decline in revenue. ...

Tiger Brands reports steady growth amid rising food inflation

Edward West|Published

Tiger Brands reports a 1% revenue increase amidst ongoing food inflation, maintaining strong operating margins while navigating a competitive consumer environment. ...

R1 trillion infrastructure spending: A roadmap for South Africa's recovery

Edward West|Published

With a focus on enhancing infrastructure, the South African government plans to allocate R1 trillion to various sectors, including transport, energy, and health, ...

Corporate profits and rising precious metals prices boost South Africa's revenue projections

Edward West|Published

South Africa's National Treasury has revised its revenue outlook upwards by R21.3 billion, driven by rising corporate profits, particularly in the mining sector, ...

South Africa's National Budget: No personal tax increases and inflation relief

Edward West|Updated

South Africa's 2025 National Budget brings welcome news for taxpayers with no personal tax increases and inflation adjustments to tax brackets, while also addressing ...

Fixed investment: A path to recovery through public-private partnerships

Edward West|Published

Economists discuss the challenges and potential solutions for increasing South Africa's Gross Fixed Capital Formation, highlighting the importance of public-private ...