RC 260910Power FMTehillah Niselow
Thursday, 10 September 2026
Power Business focused on corporate results, surging oil prices, retirement withdrawals, AI’s tourism impact and South Africa’s serious occupational-fraud problem.
- 19:51
South Africa recorded 123 reported occupational-fraud cases in 2026, more than double Nigeria’s 64; whistleblowers detected about 45% of cases, compared with 15% through internal audit.
- 19:14
FirstRand reported 13% growth in normalised continuing earnings and a 24.9% return on equity, despite an additional R8.5 billion UK motor-commission provision weighing on headline earnings.
- 18:37
Lisaka Technologies returned to full-year net profitability, with adjusted EBITDA up 41%; consumer revenue rose 38% to R2.4 billion and the group reported 2.1 million customers.
- 19:27
Repeated retirement withdrawals could provide R399,600 over 30 years but leave an employee roughly R1 million poorer at retirement because of tax, fees and lost compound growth.
- 18:28
Brent crude climbed above $100 a barrel amid Middle East tensions, contributing to a 134-cent petrol increase and a diesel rise of just over R3 per litre in South Africa.