The Bidvest Group Limited (BDVSY) Q2 2026 Earnings Call March 2, 2026 5:00 AM EST
Company Participants
Ilze Roux – Investor Relation Officer Nompumelelo Madisa – CEO & Executive Director Mark Steyn – CFO & Executive Director
Presentation
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Operator
Good day, everyone, and welcome to The Bidvest Interim Results Presentation FY ’26. [Operator Instructions] Please note that this event is being recorded. I would now hand you over to Corporate Affairs Executive, Ilze Roux. Please go ahead, ma’am.
Ilze Roux Investor Relation Officer
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Thank you, Judith. Good morning and good afternoon, everyone. My name is Ilze Roux, the Corporate Affairs Executive, and I have the pleasure of welcoming you to this call today. Thank you for your interest in Bidvest. These results reflect resilience and our focus on operational excellence and cash generation. As is customary, Mpumi Madisa, Group CEO, will make some high-level remarks before Mark Steyn, our Group CFO, delve deeper into these income numbers. Mpumi will then follow with a detailed review of each division’s performance and close with a reflection of progress against our priorities and the outlook. There will be an opportunity to ask questions at the end of the session.
Without further delay, I hand over to Mpumi. Thank you.
Nompumelelo Madisa CEO & Executive Director
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Thank you very much, Ilze, and good morning or good afternoon, depending on which part of the world you’re joining us from. Thank you for joining us this morning. We are very pleased to present a resilient set of results for the first half year. Reflecting on progress made since the unbundling of Bidcorp in 2016, it’s really pleasing to note the portfolio realignment and the extent to which we have rebuilt our international footprint.
Our 130,000 employees are located in 14 countries across approximately 750 branch locations. Our client
DES MOINES, Iowa — Mediacom Communications is not experiencing a widespread outage as of Monday afternoon, according to major outage tracking sites, yet customers in multiple states continue to voice frustration over intermittent connectivity problems, slow speeds and recurring service disruptions that have plagued the cable provider in recent weeks.
Mediacom Internet Not Down Right Now But Frustrated Customers Report Ongoing Reliability Issues
Downdetector, Outage.Report and other monitoring services showed no significant spike in reports indicating a broad network failure on April 20, 2026. The company’s official outage map and support pages reflected normal operations, with no major incidents flagged for internet, television or phone services. However, scattered user complaints on social media and community forums highlighted persistent WiFi drops, broadband slowdowns and overnight blackouts in areas such as Iowa, Illinois, Missouri and parts of the Southeast.
“User reports show no current problems with Mediacom,” Downdetector stated in its real-time overview, noting that most recent complaints centered on WiFi connectivity (about 55%) and broadband internet (37%) rather than a company-wide crash. Similar assessments from IsItDownRightNow and StatusGator confirmed the service appeared operational for the majority of subscribers.
Mediacom, which provides cable television, high-speed internet and phone service to residential and business customers across 22 states primarily in the Midwest and Southeast, has faced criticism for reliability in smaller markets and rural communities. The provider promotes “99.99% network reliability” in its 2025 executive summary and offers a 90-day money-back guarantee for unresolved issues, but customers frequently report that daily or nightly interruptions undermine those claims.
On Monday, isolated social media posts continued the pattern seen throughout April. Accounts monitoring service status, such as @status_is_down, noted “Mediacom is reportedly down for some subscribers right now,” linking to community discussions where users described sudden drops during work hours or streaming sessions. One recent complaint referenced multiple outages over short periods, echoing earlier reports from mid-April when hundreds of users logged issues around early morning hours.
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In mid-April, several days saw noticeable upticks. On April 14 and April 16, DownDetector graphs showed spikes beginning around 1 a.m. Eastern Time, with reports of no internet or severely degraded performance. Similar patterns emerged in late March and early April, leading some subscribers to question whether infrastructure maintenance or capacity issues were to blame. A YouTube report from mid-April discussed widespread outages in certain regions that lasted up to two days before resolution.
Mediacom customers have grown accustomed to troubleshooting advice: power cycling modems and routers, checking local outage maps or waiting for automatic recovery. The company’s support site allows account holders to view service interruptions and location-specific maps, but many say responses feel slow during peak complaint times. Social media mentions often tag @MediacomSupport with demands for refunds proportional to downtime, with some users calculating dozens or even hundreds of hours lost over recent months.
Frustrations run particularly high in smaller towns where Mediacom holds significant market share and alternatives like fiber or satellite providers remain limited or more expensive. Posts from users in Decorah, Iowa, and other communities described service flickering on and off, especially overnight when remote workers or students rely on stable connections. “It’s 2026, this shouldn’t still happen regularly like it did 20 years ago,” one customer wrote, summarizing a common sentiment that modern expectations for always-on internet clash with recurring cable network hiccups.
Industry analysts note that cable providers like Mediacom, which rely on hybrid fiber-coaxial infrastructure, can face congestion during high-usage periods or vulnerabilities from physical plant issues such as weather, construction or aging equipment. Upstream usage caps and potential speed reductions for heavy data consumers add another layer of customer irritation, even when the core network remains up.
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Mediacom has invested in network upgrades, including WiFi powered by eero equipment and promotions around fast, reliable internet without contracts. The company highlights its mobile service running on a network recognized for 5G reliability. Yet for many households dependent on home broadband for work, education and entertainment, the gap between advertised performance and real-world experience fuels ongoing dissatisfaction.
No official statement from Mediacom addressed widespread problems on April 20. The company’s website and support portal remained accessible, directing users to account tools for checking status. In past incidents, Mediacom has communicated via Twitter and email alerts when fiber cuts or other technical failures affected multiple states, as seen in older reports from the Southeast. Customers experiencing issues are encouraged to reset equipment or contact support directly.
For those still facing problems despite the all-clear from outage trackers, common fixes include verifying connections on multiple devices, testing wired versus wireless performance, and monitoring for localized issues such as neighborhood node overload. Advanced users sometimes bypass provided gateways to test deeper network health.
The situation reflects broader challenges in the U.S. broadband landscape, where regional cable giants serve millions but face scrutiny over uptime compared to fiber-based competitors. Mediacom’s service area includes many mid-sized cities and rural pockets where competition is thinner, potentially reducing urgency for rapid improvements.
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As remote and hybrid work remains common, even brief outages disrupt video calls, cloud applications and online learning. Streaming services and gaming add further strain during evenings. Some customers have explored switching to Starlink or other satellite options despite higher costs and latency trade-offs, citing reliability as the deciding factor.
Mediacom’s promotional materials emphasize “stress-free connectivity” and commitment-free plans, positioning the provider as a straightforward choice. The 90-day guarantee offers an exit ramp for new customers unhappy with service, but long-term subscribers often feel locked in by limited alternatives or bundled TV packages.
Looking ahead, continued complaints could pressure Mediacom to enhance transparency with real-time status updates or accelerate infrastructure hardening. Regulators and consumer advocacy groups periodically examine broadband reliability metrics, though enforcement varies by state.
For now, the absence of a major outage on April 20 brings relief to most of Mediacom’s customer base. Yet the steady drip of individual reports serves as a reminder that “no widespread problems” does not always translate to flawless daily performance. Subscribers dealing with spotty service are advised to document incidents, reach out to support and explore any available credits for extended downtime.
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In an increasingly connected world, stable internet has become essential infrastructure. Mediacom’s challenge remains delivering consistent service that matches its reliability claims across diverse markets. While trackers show the network holding steady Monday, many eyes — and modems — will stay tuned for any evening or overnight shifts that have frustrated users in recent weeks.
Customers can check the official Mediacom outage map or Downdetector for the latest updates. Those with persistent issues should contact support or review account options, including potential speed tests to verify advertised versus delivered performance.
As the day progresses, the story for most remains business as usual. For the subset still staring at spinning wheels or error messages, however, the question “Is Mediacom down?” hits closer to home than any dashboard statistic.
CUPERTINO, California — As anticipation builds for Apple’s first foldable smartphone, expected to launch as the iPhone Ultra in September 2026, early leaks and analyst reports highlight a device poised to redefine premium mobile computing with innovative form factor, near-crease-free displays and powerful internals.
Apple’s Foldable iPhone Expected to Feature Minimal or Nearly Invisible Crease in 2026 Launch
The book-style foldable, set to join the iPhone 18 Pro and Pro Max lineup, promises to blend the portability of a smartphone with the productivity of a small tablet. With a rumored starting price north of $2,000, the iPhone Ultra targets users seeking the ultimate convergence device. Here are 10 compelling reasons why tech enthusiasts and power users may want to consider purchasing Apple’s ambitious new flagship when it arrives.
1. Revolutionary Book-Style Design with Passport-Like Form Factor
The iPhone Ultra is expected to feature a wider, more square “passport-style” shape when closed, offering better one-handed use and pocketability than tall, narrow competitors. When unfolded, it transforms into a spacious inner display ideal for multitasking, reading or watching content without the bulk of carrying a separate tablet.
2. Virtually Crease-Free 7.8-Inch Inner Display
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One of the biggest pain points for existing foldables is the visible crease. Apple is reportedly investing heavily in new materials and hinge technology to deliver a nearly invisible crease on the 7.8-inch inner OLED panel. This could make the unfolded experience feel closer to a traditional flat screen, enhancing immersion for videos, games and productivity apps.
3. Functional 5.5-Inch Outer Screen for Quick Tasks
Users won’t need to unfold the device for simple actions like checking notifications, replying to messages or taking quick photos. The outer display, around 5.5 inches, provides a practical phone-like experience while maintaining the device’s compact folded profile.
4. Ultra-Thin Profile at Just 4.5mm Unfolded
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Despite the complex mechanics, the iPhone Ultra is rumored to measure only about 4.5mm thick when open — potentially Apple’s thinnest iPhone ever. This slimness, combined with a closed thickness of roughly 9-10mm, addresses common complaints about bulkiness in foldable phones while delivering premium feel.
5. Advanced Titanium Frame and Liquid Metal Hinge
Durability concerns have plagued early foldables. Apple is said to use a hybrid titanium-aluminum chassis for strength and lightness, paired with a sophisticated hinge possibly incorporating liquid metal or amorphous alloys. This engineering focus aims for smoother operation and long-term reliability through hundreds of thousands of folds.
6. Return of Touch ID for Reliable Authentication
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Facing challenges with under-display sensors on a foldable, Apple may replace Face ID with Touch ID integrated into the power button. This could offer faster, more consistent unlocking across both inner and outer displays, especially in varied lighting or when wearing masks or sunglasses.
7. Powerful A20 Pro Chip and Ample RAM for Demanding Tasks
Powered by Apple’s next-generation A20 Pro on a 2-nanometer process and up to 12GB of RAM, the iPhone Ultra should deliver significant gains in speed, efficiency and AI capabilities. The larger unfolded screen will shine for split-screen multitasking, professional video editing, high-end gaming and advanced Apple Intelligence features.
8. Dual 48MP Camera System Optimized for Dual Modes
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Photography remains a strength for Apple devices. The iPhone Ultra is expected to feature a dual rear 48MP setup (wide and ultrawide) arranged horizontally, plus front cameras suited for both folded and unfolded use. This configuration could deliver pro-level imaging while adapting seamlessly to the device’s versatile form factor.
9. Massive Battery for Extended All-Day Use
Foldables typically face battery challenges due to dual screens. The iPhone Ultra is rumored to pack one of the largest batteries in iPhone history, potentially 5,400mAh to 5,800mAh. Combined with efficient hardware, this could provide exceptional endurance for productivity sessions, media consumption or travel without frequent charging.
10. Seamless iOS Optimization and Ecosystem Integration
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Apple’s greatest advantage may lie in software. iOS 27 is expected to include tailored features for foldables, such as improved app continuity when unfolding, enhanced multitasking gestures and better support for productivity tools. Deep integration with the broader Apple ecosystem — including continuity with Mac, iPad and Watch — could make the iPhone Ultra feel like a true multi-device hub rather than just another phone.
Beyond these highlights, the iPhone Ultra represents Apple’s long-awaited entry into a category it has studied carefully. While competitors like Samsung have iterated on foldables for years, Apple is positioned to address common shortcomings with its signature attention to detail, premium materials and refined user experience.
Early dummy units and supply chain reports suggest Apple has ordered significant volumes of foldable displays, indicating serious commitment despite past delays in the project. Some analysts note potential minor production tweaks that could shift full availability slightly later in 2026 or into early 2027, but the September announcement window remains the consensus target.
For prospective buyers, the high price tag — likely starting around $2,000 or more depending on storage — positions the iPhone Ultra as a luxury device for those who value innovation and versatility. Early adopters may appreciate the novelty of a phone that doubles as a mini-tablet, while professionals could benefit from expanded screen real estate for emails, documents or creative work on the go.
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Critics caution that real-world durability, crease visibility under various lighting and software maturity will only be confirmed upon release. Battery life in heavy dual-screen use and the longevity of the hinge mechanism will also be key tests. Still, the combination of rumored specs suggests Apple aims to deliver a polished product that feels less like an experiment and more like a natural evolution.
As September 2026 approaches, more concrete details may emerge through regulatory filings or developer previews. In the meantime, the iPhone Ultra rumor mill underscores Apple’s willingness to push boundaries in a maturing smartphone market where incremental upgrades have become the norm.
Whether the device ultimately justifies its premium cost will depend on individual needs. For users tired of switching between phone and tablet, or those seeking the latest in mobile form-factor innovation backed by Apple’s ecosystem, the iPhone Ultra could represent a compelling upgrade. For others content with traditional slab designs, the standard iPhone 18 Pro lineup may suffice.
As the tech world watches closely, Apple’s foldable ambitions could accelerate mainstream adoption of the category while setting new standards for quality and refinement. With its blend of cutting-edge hardware and thoughtful software, the iPhone Ultra has the potential to become not just another phone, but a versatile daily companion that adapts to how people actually use their devices in 2026 and beyond.
Morpheus8 has become one of the most advanced non-surgical skin tightening treatments, combining microneedling with radiofrequency energy to deeply stimulate collagen and remodel skin structure. It is widely used for skin laxity, fine lines, acne scars, and overall facial rejuvenation. However, because it works at deeper layers of the skin, choosing the right cosmetic surgeon is critical for safe and effective results.
Clinics like Norwest Cosmetic Surgery emphasize medically guided treatment planning, ensuring that Morpheus8 is tailored carefully to each patient’s skin condition and aesthetic goals.
Understanding How Morpheus8 Works
Morpheus8 delivers controlled radiofrequency energy through ultra-fine microneedles into the deeper layers of the skin. This triggers the body’s natural healing response, stimulating collagen and elastin production. Over time, this leads to firmer, smoother, and more youthful-looking skin.
It is commonly used to treat:
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Skin laxity on the face and neck
Fine lines and wrinkles
Acne scarring and texture irregularities
Jawline and lower face contouring
Because it targets subdermal layers, precision is essential to avoid over-treatment or uneven results.
Why Choosing the Right Surgeon Matters
Although Morpheus8 is non-surgical, it is still a medical-grade procedure. Poor technique or incorrect settings can lead to buccal fat:
Uneven skin texture
Burns or irritation
Excess fat loss in delicate facial areas
Suboptimal or short-lived results
A skilled cosmetic surgeon understands how to adjust needle depth, energy levels, and treatment zones based on individual facial anatomy. This ensures balanced tightening without compromising natural facial structure.
1. Medical Expertise and Clinical Supervision
The first step is ensuring your treatment is performed or supervised by a qualified medical professional. Morpheus8 should never be treated as a basic beauty treatment—it requires clinical understanding of skin layers and tissue response.
At Norwest Cosmetic Surgery, treatments are performed under professional medical supervision to ensure patient safety and optimal outcomes.
2. Experience with Skin Tightening Procedures
Experience plays a major role in achieving good results. A surgeon or clinic familiar with Morpheus8 will understand how to:
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Treat different skin types safely
Adjust depth for facial vs body areas
Avoid over-aggressive settings
Build long-term collagen improvement plans
Clinics with consistent Morpheus8 experience are more likely to deliver natural-looking tightening over time.
3. Personalized Consultation Is Essential
A proper consultation is one of the most important parts of the process. During this stage, the surgeon should evaluate:
Skin elasticity and thickness
Degree of laxity or aging
Facial symmetry and structure
Suitability for Morpheus8 treatment
Not every patient is an ideal candidate. A responsible clinic will sometimes recommend alternative or combined treatments if needed.
4. Importance of a Customized Treatment Plan
Morpheus8 is not a one-size-fits-all procedure. The best results come from personalized settings, including:
Needle depth adjustments
Controlled RF energy levels
Targeted treatment zones
At Norwest Cosmetic Surgery, each plan is designed based on the patient’s individual needs, ensuring natural tightening without over-correction.
5. Safety, Downtime, and Realistic Expectations
Morpheus8 typically involves minimal downtime, with mild redness or swelling lasting a few days. Results develop gradually over several weeks as collagen rebuilds.
However, it is important to have realistic expectations:
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Results are gradual, not instant
Multiple sessions may be needed
Improvements are subtle but long-lasting
A skilled surgeon will clearly explain these expectations before treatment begins.
Final Thoughts
Choosing the right Morpheus8 skin tightening surgeon in Sydney is essential for achieving safe, natural, and long-lasting results. The treatment itself is powerful, but its success depends entirely on the expertise of the practitioner.
By selecting a trusted clinic like Norwest Cosmetic Surgery facetite, patients benefit from medically guided care, advanced technology, and personalized treatment planning—ensuring the best possible skin rejuvenation outcomes.
Australia will be part of operations to keep the Strait of Hormuz open and safe if and when a deal is reached.
It has not been made clear, however, exactly what kind of help Australia plans to provide or what is being asked of the country amid the ongoing war.
Australia to Help With Strait of Hormuz
According to a report by 9News, Defence Minister Richard Marles confirmed that Australia is working with international partners. However, he did not say what kind of help will be asked of Australia.
“Look, there has not been a specific request for any Australian capability,” Marles said. “Obviously, we will help.”
“The Strait of Hormuz matters to Australia,” he emphasized. “It matters that it’s open, and it matters that we see the global fuel supply chain return to normal.”
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The peacekeeping mission will comprise of 49 countries led by France and the United Kingdom, 9News notes. The report likewise points out that China is part of this mission, but the United States is not.
Details will be discussed later this week in London.
Albanese Downplays Australia’s Involvement
Prime Minister Anthony Albanese previously downplayed Australia’s involvement in the peacekeeping mission targeted to keep the Strait of Hormuz open.
“We spoke about the full range of support that could be required, now that could be diplomatic measures,” Albanese said Saturday, according to Sky News.
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“We will continue to be a constructive contributor to that debate… Australia is a long way away as well from the Strait compared to European nations,” he added. “It’s fair to say we’ll give considerations to requests where they are made.”
Thailand plans a legal reform with a “super license” to unify approvals, simplifying regulations, reducing costs, and streamlining foreign investment and licensing processes.
Thailand’s Legal Reform Initiative
Thailand is embarking on a significant legal overhaul to streamline regulation management across government agencies. This reform introduces a “super license” system, which consolidates multiple approvals into a single, streamlined process. The government aims to implement a pilot within 180 days, with the complete law expected to take about a year, allowing reforms to be introduced gradually.
Impact on Business Compliance
The omnibus law addresses overlapping statutes that require businesses to meet similar regulations across various ministries. This redundancy increases compliance costs, which reform aims to reduce by creating a more efficient approval process. By simplifying requirements, the reforms will help businesses cut down on administrative overhead and foster more straightforward compliance.
Enhancing Investment and Operational Flexibility
The “super license” replaces sequential approvals with a unified decision-making process, eliminating delays caused by multiple agency dependencies. This approach is especially crucial for foreign investors, as it reduces the need for complex corporate structures required under current licensing regimes and foreign ownership restrictions. Ultimately, the reforms will enable easier entry, increased legal clarity, and greater operational flexibility in Thailand.
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