Thursday, 10 September 2026

Transnet reported a first annual profit in four years, reaching R4.6 billion, with revenue up 7.1%, but warned that cable theft cost about R2 billion in lost revenue.

Early Central Energy Fund estimates point to petrol rising by about R2 a litre and diesel by R1.50–R1.80 next month, threatening higher transport costs and inflation.

FirstRand’s continuing earnings rose 13%, driven by FNB and African operations, while UK subsidiary Aldermore remains for sale after a regulatory redress scheme requiring substantial provisions.

Sunlam’s new-business volumes increased 22% despite weather-related losses, including R680 million from major South African events; its GoTime banking partnership is expected to support growth from 2027.

Investment managers said the JSE is dangerously concentrated, with 10 companies often representing half the market, and warned passive investing can inflate dominant shares while starving smaller businesses of capital.