As expenses rise and the cost of living puts pressure on South Africans, they are seeking more sensible ways to manage transportation costs. In this context, loyalty programs that reward regular purchases are attracting increased attention as a practical way to gain extra benefit from unavoidable expenses such as fuel.
Despite recent decreases in fuel prices, it remains one of the most significant monthly expenses for many households. In response to this situation, TotalEnergies is launching a cashback program of 45 cents per liter of fuel for club members to support them during this period, recognizing that small savings can make a big difference.
Members who refuel at any participating TotalEnergies station on Friday will receive 45 cents back for every liter of fuel purchased.
According to Mduduzi Sikhakhane, Retail Marketing Manager at SFS within TotalEnergies, the 45 cents per liter fuel cashback campaign is designed to be simple to use and accessible to TotalEnergies club members.
He noted: 'While rising cost pressures affect all South Africans, we want to offer support where it matters most. Whether you need to refuel for a trip to school, work, vacation, or a daily commute, we want to reward our customers in a way that makes a difference.'
Sikhakhane emphasized that, like all financial habits, rewards come with consistency. By regularly refueling at TotalEnergies, customers can maximize their bonuses and gradually accumulate tangible savings from weekly fuel expenditures.
He added: 'We see customers becoming more deliberate about how and when they spend money, and fuel is one of those unavoidable expenses. That's why we believe in helping members get more value out of routine tasks like buying fuel.' He concluded: 'When you integrate this intentionality into your spending habits, significant savings can develop over time.'
Furthermore, joining the TotalEnergies club is easy and free, providing access to ongoing promotions and rewards for continuous earning and saving. Sikhakhane concluded by urging South Africans to take advantage of this opportunity to add value to what they spend money on. Planning refills for Friday can help start building significant savings for their future.
The Indian airline IndiGo, the largest carrier in India, announced on Monday the appointment of insider Kiran Thadimarri to the position of Chief Financial Officer (CFO). He will take over this role from Gaurav Negi.
Kiran Thadimarri, who is currently the Deputy CFO of IndiGo, previously worked at the Indian e-commerce firm Udaan, as well as at General Electric. His appointment will take effect on July 28.
Gaurav Negi, who held the position of the airline's financial head since 2022, will transition to a role as an advisor.
IndiGo forecasts mainly stable capacity growth for the current quarter after the company reported a second consecutive quarterly loss last week. The margins of airlines like IndiGo, which do not hedge fuel costs, are decreasing due to the sharp rise in aviation fuel prices caused by the conflict in Iran, which pushed crude oil prices above $100 per barrel.
Indus Towers, a company engaged in telecommunication infrastructure, reported a modest increase in profit in the first financial quarter of 2027. Meanwhile, expenses exceeded revenue, although network expansion initiated by clients supported the company's overall performance.
Indus Towers' annual profit showed a minimal growth of 0.5 percent. Net profit increased from INR 1736.8 crore in the first quarter of the 2026 fiscal year to INR 1745.8 crore in the quarter ending June 30, 2026. The telecommunications infrastructure company's revenue grew by 4.6 percent year-on-year, exceeding INR 8431.1 crore in the first quarter of the 2027 fiscal year compared to INR 8058 crore for the same period in the previous fiscal year.
The total base of Indus Towers towers increased by 6.3 percent year-over-year, reaching 267,611. However, the firm's expenses grew by 6.62 percent year-over-year, outpacing the revenue growth rate for the same period. The EBITDA margin increased by 3.1 percent year-over-year, amounting to INR 4521 crore in the first quarter of the 2027 fiscal year compared to INR 4390 crore in the first quarter of the 2026 fiscal year.
Compared to the last quarter of the 2026 fiscal year, which ended in March 2026, the telecommunications infrastructure company's profit decreased by 2.6 percent, standing at INR 1745.8 crore in the first quarter of the 2027 fiscal year versus INR 1792.9 crore. In sequential comparison, Indus Towers' expenses rose by approximately 7.5 percent, even with a 4 percent rise in revenue. Revenue grew from INR 8101 crore in the quarter ending March 2026 to INR 8431.1 crore in the quarter ending June 2026, while expenses increased from INR 3636.7 crore in the fourth quarter of the 2026 fiscal year to INR 3910.3 crore in the first quarter of the 2027 fiscal year.
Prachur Sah, Managing Director and CEO of Indus Towers Limited, stated that the company demonstrated resilient results despite supply chain disruptions caused by geopolitical events. He noted that this success was ensured by client-initiated network expansion, prudent cost management, and strong cash generation. Furthermore, he announced that the company had received licenses in three target African markets and plans to begin implementing projects in 2026.
Indus Towers Limited is one of the leading providers of passive telecommunication infrastructure in the country, possessing a portfolio of 267,611 telecommunication towers across all 22 telecom circles.
Radisson Hotel Group announced the signing of contracts for the construction of ten new hotels during July, covering seven states. These projects include developments in pilgrimage sites, wildlife tourist areas, and major urban markets.
According to the statement, these ten new projects reflect the company's deliberate strategy: to integrate its premium brands into high barrier-to-entry markets while utilizing a low-asset franchise model for rapid penetration into underserved second and third-tier cities. Nikhil Sharma, Managing Director and Chief Operating Officer of Radisson Hotel Group for South Asia, emphasized that this dual approach allows for depth in metropolises and breadth in developing regions.
In cities associated with temples, Radisson Hotel Group announced entry into four markets, including two projects in Andhra Pradesh: Radisson Hotel Tirupati and Park Inn & Suites at Kadapa Airport, as well as Park Inn & Suites in Mathura-Vrindavan. Furthermore, the group announced its first international hotel near the Tadoba-Andhari tiger reserve called Jungle Home Resort Tadoba. A Park Inn & Suites is planned to open in Nainital, which will be the group's second hotel in this mountain resort.
In Bengaluru, where the group already has seven operating properties, new projects were signed: Lavish Hotel, Radisson Blu Resort & Spa, and Park Inn Electronic City. With these additions, the hotel conglomerate aims to meet the demand for corporate events related to information technology (MICE), as well as weekend and short-stay leisure segments.
It was also noted that the Park Inn & Suites in Kalaburagi marks the beginning of Radisson's presence in North Karnataka. In the states of Rajasthan and Gujarat, resort-type projects under the Radisson Blu Resort & Spa brand were signed in Sawai and Vadodara, respectively.
Davashish Srivastava, Vice President of Development for Radisson Hotel Group for South Asia, noted that the distinguishing feature of this portfolio is its diversity. It includes both greenfield construction and resort projects, as well as opportunities to convert existing properties and place hotels in new pilgrimage and wildlife locations.
Radisson Hotel Group is one of the largest international hotel operators in the country, with about half of its portfolio concentrated in second and third-tier markets. The group operates in over 100 countries worldwide.
