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Wimpy and Steers-owner Famous Brands hikes dividend more than 80% amid earnings jump

Steers and Wimpy-owner Famous Brands hiked its full-year dividend more than 80%, reporting earnings rose more than a third as it benefitted from the lifting of Covid-19 restrictions that saw South Africans flocking back to restaurants and an increase in tourism.

Eskom latest: Fuel costs for Netcare; Astral Foods skips payout

South Africa’s largest private health-care network expects diesel costs to more than quadruple to R165-million this year as it runs generators to help contain the impact of rolling blackouts. Generator diesel costs increased to R67-million in the six months through March from R10-million a year earlier because of the consistently high number of power cuts and increased fuel costs, Netcare said in its earnings report on Monday. The company is among a growing number of businesses that are being forced to rely on alternative sources of electricity as State-owned Eskom implements daily blackouts because it can’t meet demand.

Netcare s diesel costs expected to quadruple

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