
ToastAlone
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Check out the latest ZBS Newsletter: South Africa Is Sitting At The Most Valuable Table In The World…So Why Aren't We Eating? linkedin.com/pulse/south-af… via @LinkedIn
#criticalminerals #PGMs #Africa #SouthAfrica
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Clicks Group Limited Unaudited Interim Results for the six months ended 28 February 2026 (JSE: $CLS)
Headline Financial Highlights (H1 FY2026)
🔹Group Turnover: R24.9 billion (+7.4%)
🔹Headline Earnings Per Share (HEPS): 653 cents (+8.1%)
🔹Trading Margin: 9.1% (Maintained)
🔹Interim Dividend: 258 cents (+8.4%)
🔹Return on Equity (ROE): 45.7%
🔹Cash Generated from Operations: R1.9 billion
Operational & Strategic Overview
Store Footprint & Pharmacy: Reached the 1,000th store milestone; national pharmacy network expanded to 795 outlets with market share strengthening to 24.9%.
System Challenges: Warehouse Management System (WMS) implementation delays in Cape Town reduced festive season turnover by an estimated R175 million.
ClubCard Loyalty: Active membership increased to 12.9 million, contributing 83.7% of retail sales and receiving R527 million in cashback rewards.
UPD Distribution: Turnover grew by 13.0% driven by bulk contracts; the electric vehicle fleet doubled to 85 units to insulate the business from fuel costs.
Capex & Innovation: A R1.3 billion investment plan is underway for FY2026, including 40–50 new store openings and piloting 10 new concept stores.
Dividend Details
The Board approved an interim gross ordinary dividend of 258.0 cents per share (206.4 cents net of the 20% dividend withholding tax).
- Last Day to Trade Cum Dividend: Tuesday, 30 June 2026
- Ex-Dividend Date: Wednesday, 1 July 2026
- Record Date: Friday, 3 July 2026
- Payment Date: Monday, 6 July 2026

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Capitec Bank Financial Results for the year ended 28 February 2026 (JSE: $CPI)
Headline Financial Highlights (FY2026)
🔹 Operating Profit Before Tax: R22.18 billion (+25.0%)
🔹 Headline Earnings Per Share (HEPS): 14,606 cents (+23.0%)
🔹 Basic Earnings Per Share (EPS): 14,590 cents (+22.0%)
🔹 Total Dividend Per Share: 7,980 cents (+23.0%)
🔹 Net Asset Value (Total Equity): R59.51 billion (+17.0%)
🔹Return On Equity: 31% from 29%
🔹Credit Loss Ratio; 8.1% up from 7.5%
- 26M Total Active Clients +7%
- 15M Active on the app +19%
- 12M VAS +15%
- 9.9M Fully Banked +12%
Dividend Details
The Board declared a final gross dividend of 5,360 cents per share (4,288 cents net of the 20% dividend withholding tax).
- Last Day to Trade Cum Dividend: Tuesday, 12 May 2026
- Ex-Dividend Date: Wednesday, 13 May 2026
- Record Date: Friday, 15 May 2026
- Payment Date: Monday, 18 May 2026

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📊 JSE Earnings Update | Week Ahead 🇿🇦
22 Apr 2026
$BHP (BHP Group Ltd)
➤ Event: 3Q26 Sales
➤ Estimate: —
$CPI (Capitec Bank Holdings Ltd)
➤ Event: FY26 Earnings
➤ Estimate: 145.795
$QLT (Quilter plc)
➤ Event: 1Q26 Sales
➤ Estimate: —
$S32 (South32 Ltd)
➤ Event: 3Q26 Sales
➤ Estimate: —
23 Apr 2026
$CLS (Clicks Group Ltd)
➤ Event: 1H26 Earnings
➤ Estimate: 6.634
$VAL (Valterra Platinum Ltd)
➤ Event: 1Q26 Sales
➤ Estimate: —
24 Apr 2026
$MNDI (Mondi plc)
➤ Event: 1Q26 Sales
➤ Estimate: —
#JSE #Earnings #SouthAfrica #Stocks #Trading

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@kyleichan There is absolutely nothing more dystopian than a running robot! What if it is programmed to kill humans?
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1.2TB of Standard Bank data, including credit card details, stolen and leaked online mybroadband.co.za/news/security/…
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🇿🇦 A senior South African politician just got caught lying about Starlink to protect mobile network operators.
Parliamentary communications chair Khusela Diko claimed Starlink "doesn't move the needle" on school connectivity.
Here's what she left out: 16,000 schools still have no internet after 12 years, a missed deadline, and mobile operators billions over budget.
Starlink offered to connect 5,000 schools for free and was turned away.
A rural mobile tower costs around $61,000 and can serve just a single school.
The numbers don't lie. The politician did.
Source: MyBroadband


Elon Musk@elonmusk
Accurate
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France is saying more than a third of gulf oil infrastructure is GONE. We still have markets operating as if this will be over soon and we'll pivot to the next flavor of the month. People have no fucking clue what has ALREADY been done to the global economy in a few short weeks.
World of Statistics@stats_feed
🇫🇷 France confirms oil crisis, says 30-40% Gulf energy infrastructure destroyed. France's Finance Minister Roland Lescure revealed on Wednesday that between 30 and 40 per cent of Gulf refining capacity has been damaged or destroyed by Iran's retaliatory strikes, leaving a shortage of 11 million barrels a day on global oil markets.
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SHAREHOLDERS WIN BIG AT EXXARO
Exxaro Resources has rewarded investors with a R18.43 total annual dividend, despite a drop in coal prices impacting its full-year profit.
The group is aggressively shifting its focus from coal to manganese and renewable energy, recently completing a R10.6bn acquisition of major mining assets.
While coal remains its current backbone, Exxaro is building a massive green energy portfolio through its subsidiary, Cennergi, aiming for 1,500MW of capacity.
CEO Ben Magara (pictured) confirmed the company is now debt-free and well-positioned to fund this "green" transition while maintaining steady payouts to its shareholders.
Full details - ln.run/E28ss

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#JSE #MTN #RESULTS
📊 MTN FY25 Results – Key Takeaways
Strong operational & financial performance as MTN exits Ambition 2025 strategy.
Key metrics:
• Customers: 307.2m (+5.6%)
• Service revenue: R218.5bn (+22.9%)
• Data revenue: R101.5bn (+37.7%)
• EBITDA: +64% reported | margin 43.5% (+11.5pp)
• Adjusted HEPS: 1,359c (+67%)
• Reported HEPS: 1,274c (+1058%)
Cash flow & balance sheet:
• Free cash flow: R26.9bn (+345%)
• Net debt / EBITDA: 0.3x (vs 0.7x)
• Capex: R38.5bn (17% intensity)
Growth drivers:
• Nigeria & Ghana led service revenue growth
• Data traffic +27%
• Mobile Money users 69.5m (+10%)
• Fintech transaction value $500bn (+37.6%)
Shareholder returns:
• Dividend: 500c (+45%)
• New capital return framework: 40–60% of equity FCF
• Share buyback: up to R6bn over 3 years
Strategy:
MTN transitioning to Ambition 2030, focused on:
1️⃣ Connectivity
2️⃣ Fintech
3️⃣ Digital Infrastructure
Overall: Very strong year with improving balance sheet and rising shareholder returns.

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#JSE #SunInternational #Gaming #Tourism #SouthAfrica #Investing
Summary of the Sun International (SUI) FY2025 results (released March 16, 2026)
🧵 Sun International FY2025 Results Summary 🎰🏨
1/ Financial Highlights 📈
Group Income: Up 7.1% to R12.9bn (excl. Table Bay Hotel lease exit).
HEPS: Surged 38.7% to 692 cps.
AHEPS: Up 6.4% to 565 cps.
Dividends: A double win for shareholders—final ordinary dividend of 252 cps + a special dividend of 100 cps. Total FY ordinary dividend up 6.5%.
2/ Digital Dominance: Sunbet 📱
Sunbet continues to be the group's "star" growth engine.
H2 Income Growth: Up a massive 79.8%.
Active Player Days: Increased by over 70%.
The group is pivoting hard toward becoming a "digitally-led, omnichannel gaming company."
3/ Casino & Land-Based Ops 🃏
Despite a tough consumer environment, Sun International gained market share:
Market Share: Increased to 46.0% (up 0.6%).
Performance: GGR fell 2.6% on a comparable basis, but significantly outperformed the broader market decline of 6.3%.
Sun Slots: Resilient growth with income up 1.8% in H2.
4/ Resorts & Hotels 🍹
Sun City: Seeing a return on investment with a material uplift in gaming and hospitality revenue in H2.
Hospitality: Food & Beverage and Room revenues grew by 6.9% (excl. TBH).
Table Bay Hotel (TBH): Impacted by lease cessation, but the underlying hotel portfolio remains robust.
5/ Debt & Capital Allocation ⚖️
Balance Sheet: Net debt reduced to R5.0bn.
Leverage: Net debt/EBITDA at a healthy 1.5x (well below the 2.0x target).
Buybacks: Repurchased and cancelled 2.5m shares (R100m) during the year.
6/ The Road Ahead: 2026 Outlook 🚀
Value Creation: A new 5-year plan is being unveiled at today’s Capital Markets Day.
Momentum: 2026 is off to a strong start with year-to-date income growth in line with H2 2025 levels.
Leadership: Key senior appointments in Tech, Gaming, and Hospitality to drive the digital transition.
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SHAREHOLDERS RECEIVE R900M
Sun International has announced a massive R900-million payout to shareholders, boosted by a special dividend following the collapse of its Peermont acquisition.
While traditional land-based casinos faced a shrinking market, the group’s online platform, Sunbet, saw income soar by nearly 80%.
New CEO Ulrik Bengtsson (pictured) is now pivoting the business towards a digital-first "omnichannel" model to capture the shift in consumer habits.
Despite the closure of the Table Bay Hotel for refurbishments, steady earnings growth and a recovery at Sun City have allowed the group to increase its market share and pursue new international expansion in Botswana.
Full details - ln.run/haZuz

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WOOLWORTHS APPOINTS NEW CEO
Roy Bagattini will step down as Group Chief Executive of Woolworths at the end of May 2026, concluding a transformative six-year tenure at the helm of the retailer.
He will be succeeded by Sam Ngumeni, the current head of Woolworths’ highly successful Food division and a thirty-year veteran of the company, who will assume the role on 1 June.
Ngumeni’s strong track record in building and expanding the food business made him the board’s preferred choice to lead Woolworths into its next phase of growth, particularly as the group looks to strengthen and expand its fashion and beauty divisions.
Full profile - ln.run/xeuy5

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Harmony Gold Mining Company Limited Trading Statement for the six months ended 31 December 2025 (JSE: $HAR)
Headline Financial Highlights (H1 FY2026 Guidance)
🔹Headline Earnings Per Share (HEPS): Expected to be between 1,411 and 1,485 ZAR cents (+11% to +17%).
🔹Basic Earnings Per Share (EPS): Expected to be between 1,527 and 1,638 ZAR cents (+21% to +30%).
🔹Average Gold Price Received: R1,909,849/kg (+36%) or $3,421/oz (+40%).
Cost & Acquisition Headwinds: The top-line growth was partially offset by several factors. Operationally, the group faced above-inflation electricity hikes and higher labor costs (tied to a 5-year wage agreement). Corporately, earnings were dragged down by one-off acquisition costs for MAC Copper (stamp duties, advisory fees), higher finance costs for the bridge facility, and increased taxation and royalties stemming from the group's elevated profitability.

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