South African state-owned logistics company Transnet has returned to profitability, according to Moneyweb, though it cautions that a long road to recovery remains. Freight rail volumes are increasing, but they remain below the targets set by Transnet management and the board, indicating that operational performance still lags ambitions despite the improved financial results.

Moneyweb reports that farming organisation Saai has called for an end to a state-run vaccine distributor, according to its headline. The same bulletin notes Transnet has returned to profit while questions remain over whether this reflects a genuine turnaround or a business still under pressure. It also flags possible effects of Gauteng’s proposed megacity plan for residents and businesses.

The Nigerian National Petroleum Company Limited (NNPCL) reported significant financial growth for April, with revenues reaching N4.97 trillion, an increase from N2.77 trillion in March. Profit after tax also rose to N481 billion, up from N276 billion the previous month. Despite these impressive figures, concerns about public dissatisfaction persist, highlighting a disconnect between corporate profits and the experiences of the populace, according to Daily Trust.

PZ Cussons reported a significant increase in its annual net profit, which rose by 298% to N49.1 billion. This surge was primarily attributed to a profit of N38.7 billion from the disposal of fixed assets, a stark contrast to the N6.5 million recorded in the previous year, according to Premium Times Business.

South African banking group FirstRand reported a 5% decline in profit after setting aside a R17.64 billion provision that curbed its earnings gains, according to Moneyweb. Despite the profit drop, the bank declared a final dividend of R2.80 per share for shareholders. The results reflect the impact of the substantial provision on the group's overall financial performance for the reporting period.

The Nigerian National Petroleum Company Limited (NNPC) reported cumulative revenue of N25.133 trillion between January and July 2026, according to ThisDay Live. The state oil firm also posted a profit of N2.55 trillion over the seven-month period. The revenue performance was mainly driven by relative growth in crude, the report stated, citing correspondent Emmanuel Addeh in Abuja.