Thursday, 27 August 2026

An unplanned Sasol Natref outage disrupted jet-fuel supplies at OR Tambo; no flights had been cancelled, but airlines were tankering fuel and reserves covered just over seven days.

The IDC reported a R4.6 billion loss after pressure at Foskor and Mozal Aluminium, but created 71,000 jobs, added 1,000MW of generation capacity and earned R20.6 billion revenue.

Truworths’ sales fell 0.9% to R21.8 billion and headline earnings dropped 2.6%, although cash conversion improved to 97% and online sales continued double-digit growth.

SAB warned that proposed alcohol-excise changes could raise taxes on most beers by at least 20%, widening the price gap with illicit alcohol, already estimated at 18%.

Investment managers said dividend yield alone can mislead; investors should assess dividend sustainability, cash flow, debt, growth and management, while balancing income assets against higher-growth shares.