In the wake of an executive shake-up, and ahead of its official results report, Absa says its full-year earnings likely rose between 18% and 22%.

The country’s biggest banking group in terms of assets has reported an 11% increase in normalised headline earnings for the six months ended June 30.

Retailer Clicks Group posted a 22% rise in first-half earnings on Thursday; driven by a strong performance in its core drug chain store.

Telkom warns the launch of mobile operator 8ta and a wage agreement with trade unions will hit earnings in the six months to September 30, 2010.

Pioneer Food Group on Monday posted a drop in first-half headline earnings, which will also lower full-year earnings.

Kumba Iron Ore on Thursday reported a dip in full-year headline earnings, but said production and export sales were up, and output would rise further.