Thursday, 27 August 2026

The Industrial Development Corporation reported a R4.6 billion loss, largely linked to Foskor and the Hillside aluminium smelter, but helped create 71,000 jobs and add 1,000MW of generation capacity.

OR Tambo’s jet-fuel supply remains stable but precarious after a Sasol Natref outage; airlines are tankering fuel from Durban and Cape Town, while airport reserves sit at just over seven days.

SAB warned that proposed alcohol-excise changes could raise taxes on most beers by at least 20%, widening the legal-illicit price gap and threatening the industry’s 250,000-job value chain.

Truworths’ annual sales fell 0.9% to R21.8 billion and headline earnings dropped 2.6%, although online sales grew more than 20% and cash conversion improved to 97%.

Investment managers cautioned against chasing high dividend yields without checking sustainability: reliable income depends on stable cash-generating businesses, while cyclical miners can see payouts collapse when commodity prices turn.