OUTsurance hails overseas operations as key growth story
South African profit grew 43% but the group says Australia has five times more cars on the road to insure.
South African profit grew 43% but the group says Australia has five times more cars on the road to insure.
‘We have actually increased container volumes from 2025 by 7%. So overall we see container TEUs moving upwards and we believe it will continue to move upwards,’ says Transnet group chief executive Michelle Phillips.
Freight rail volumes are increasing, but they remain below the target set by Transnet management and the board.
Transnet is back in profit, but is this a genuine turnaround or just a better-looking version of a business still under pressure? And what Gauteng’s megacity plan could mean for residents and businesses.
South Africa’s terms of trade also deteriorated in the three months through June, hurt by the rand price of imports increasing more than that of exports.
The firm says cybersecurity is even more important as AI can launch attacks on businesses.
The urgency is pressing. Data this week showed the economy contracted by a larger than anticipated 0.2% in the second quarter, snapping six quarters of consecutive growth.
Follows growing competition from Old Mutual and Discovery, which have both established banking operations.
Declared a final dividend of R2.80 per share.
Future Forex CEO Harry Scherzer explains that there are many specialists who can help you bring offshore share-award funds into SA. ‘Typically, they'll not only be cheaper, but also more helpful than the bank in doing so.’