Part of Eskom’s precarious financial position was as a result of the low electricity tariff increase granted by National Energy Regulator

As net income interest rose over 8% from a year earlier, the Nedbank Group says income in the first nine months gained as customers boosted lending.

Markets have responded positively to Pick n Pay’s announcement that it has reduced costs and slowed down market share decline.

Woolworth’s interim results reflected a further slowdown in consumer spending, especially in the middle and upper income levels.