Video Library

Momentum Metropolitan declares strong dividend as earnings soar

Momentum Metropolitan Holdings Limited Boss Hillie Meyer says he and his team are pleased with the group's financial results for the past year, and they are encouraged by the progress made with a wide range of strategic initiatives – the impact of which is not yet fully reflected in this set of results for Momentum Metropolitan. According to Meyer there was no single factor that caused the good outcome, but it is the result of almost all the group's businesses performing...

The Future looks bright for JSE listed REIT ATTACQ Limited

Attacq Limited (“Attacq”), the JSE-listed REIT developing premium precincts such as Waterfall City, concluded its financial year end, 30 June 2021, with a solid financial and operational performance. The company’s sound results were supported by a well-considered capital structure improvement programme and a strategy of informed disposals. Attacq’s high-quality South African real estate portfolio consists of retail-experience hubs (retail), collaboration hubs (office and mixed-use), logistics hubs (light industrial), and hotels. Attacq’s recent disposals of the Deloitte head office, Massbuild distribution centre...

Sanlam Boss Paul Hanratty says Sanlam and Allianz are perfectly suited to drive Africa Strategy

Sanlam had a robust performance for the first six months of 2022 in the face of a challenging environment. The net result from financial services from life insurance was up 23%, investment management was up 25% and our credit operations were up 22%. The Group's general insurance net result from financial services declined by 57%. The overall net result from financial services increased by 1% on the first six months of 2021 and is unchanged on a constant currency basis....

Discovery Group Boss Adrian Gore is as excited about the Group today as he was in the early days.

Discovery’s Group Chief Executive, Adrian Gore, today shared the Group’s full-year results for the period ended 30 June 2022 with the investor community. The Group posted a positive operating performance from its established businesses despite a complex operating environment during the past year as conditions in terms of COVID-19 started to normalise in most markets, excluding Asia, which was greatly affected by several strict lockdowns and restrictions. Gore commented, “Despite very volatile political and economic markets, the Group has made excellent...

Billionaire Rob Hersov eyes buying 6 ACSA airports

Outspoken billionaire Rob Hersov, together with businessman Nick Ferguson, are making a R2bn public offer to the Airports Company of South Africa (ACSA) to acquire 6 South African airports. Hersov and Ferguson, co-founders of RSA.aero, are prepared to snap up 100% stakes — or at least majority controlling shares — of the East London, George, Port Elizabeth, Kimberley and Upington airports. As part of the proposed deal, the pair say they are not looking to acquire OR Tambo Airport (Johannesburg), King Shaka...

Murray & Roberts starts enjoying fruits of Five year turnaround strategy

Murray & Roberts Boss Henry Laas says the strategic efforts over the past five years are bearing fruit as demonstrated by its strong and consistent order book. Its order book, near orders and project pipeline underpin our expectation that the Group will continue its multi-year earnings growth trajectory. In the context of the current commercial environment, the Group’s operating margin is expected to improve as from FY2024.

Aspen concludes a 10yr agreement with Serum Institute of India for Aspen-branded vaccines in Africa.

On the announcement of Aspen Pharmacare's full year results Group CEO Stephen Saad said: "The Group has achieved a robust set of results for the year ended 30 June 2022, supported by improved operating margins underpinned by a lower operating expense base and a strong balance sheet, all of which provide a solid foundation for future sustainable growth. Aspen has concluded a 10-year collaboration agreement with Serum Institute of India Pvt. Ltd. (“the Serum Institute”) to manufacture, market and...

Africa’s largest private Education provider posts robust half year results

ADvTECH Boss Roy Douglas says the Group's Resourcing business in the rest of Africa is firing on all cylinders with multi nationals looking for contractors in territories where they don't have their own significant presence. The Group's tertiary and secondary education divisions continue to perform well with the tertiary education business adopting an education any time, any where approach with multiple modes of delivery.

Gold Fields CEO Chris Griffith is in the C-SUITE with the company reporting a strong first half

The operating environment during H1 2022 was dominated by elevated mining cost inflation driven by rising commodity and fuel prices. Despite these challenges, Gold Fields had a strong H1 2022, with production increasing 9% YoY and all-in costs rising only 6% YoY. As a result of the increased production combined with a 3% higher gold price, the company increased its normalised earnings by 16% YoY and generated strong free cash flow of US$293m. This enabled the company to declare an...

Dr Leila Fourie Final

This week the JSE delivered strong first half results recording growth across all its business segments. JSE Boss Dr Leila Fourie commented "We've delivered on our strategy to diversify not withstanding the challenging global and local macro economic environment."