FNB recognised as the Strongest Banking Brand in the World delivers excellent interim results
FNB recognised as the Strongest Banking Brand in the World delivers excellent interim results FNB, recently recognised as the Strongest Banking Brand in the World by the Brand Finance Banking 500 2023 report, has delivered excellent interim results for the six months ending 31 December 2022. The bank’s performance was driven by solid customer, transactional and deposit growth. The results follow recent investments to refresh FNB’s brand and digital interfaces, and the renewed focus on being advice-led in our efforts to...
FirstRand Group does not share the South African Government’s enthusiasm for Russia
FirstRand Group does not share the South African Government's enthusiasm for Russia Despite the FirstRand Group recording strong half years results today Goup CEO Alan Pullinger in his forward looking statement highlighted that there are significant risks in the wider system. Pullinger is very concerned about the geopolitical risk currently facing South Africa and in particular the country's banking sector. The Firstrand Group CEO says that our government’s open support for Russia, which is increasingly being called out by our major...
Understanding the Investment Case for Murray & Roberts after losing its Australian Businesses
Understanding the Investment Case for Murray & Roberts after losing its Australian Businesses Murray & Roberts was hard hit by the pandemic. Today the Group looks very different to its pre Covid structure. CEO Henry Laas takes time to explain the what, where and how of Murray and Roberts as it stands today. The investment case? Well Laas says for new investors the stock is trading at 2.20 /2.30 and the Net Asset Value is R5.00 a share. Notwithstanding that the group...
Harmony Gold holds back on dividend stating a capital intensive phase for the Gold Miner
Harmony Gold holds back on dividend stating a capital intensive phase for the Gold Miner Harmony Gold reported strong half year results recording double digit profits. CEO Peter Steenkamp stressed that the board decided not to declare a dividend as the group is heavily investing in its future and does not want to scramble for money down the line. Steenkamp stressed that ultimately Harmony is intent on being a dividend payer. Watch all our videos for In The C-Suite.
Aspen Pharmacare’s investment case is largely underpinned by the Group’s manufacturing facility
Aspen Pharmacare's investment case is largely underpinned by the Group's manufacturing facility Aspen Pharmacare's sterile manufacturing facility is expected to add R2bn from a contribution perspective in 2024 and R4bn in 2025 as the Group benefits from its significant manufacturing capacity. Aspen Pharmacare Group CEO Stephen Saad is in the C-SUITE and as upbeat as ever despite the tough operating environment that hit the group hard in it's first half results reported earlier today . Watch all our videos for In The...
The Investment case for Discovery with Chair of Discovery SA’s Executive Committee Hylton Kallner
The Investment case for Discovery with Chair of Discovery SA's Executive Committee Hylton Kallner The market responded well to Discovery Group's interim results with the share price holding onto early gains. Discovery Bank is on track to break even this year. Watch all our videos for In The C-Suite.
The Investment Case for Gold Fields Limited with Interim CEO Martin Preece
The Investment Case for Gold Fields Limited with Interim CEO Martin Preece 2022 was a bumpy year for Gold Fields Limited with the Yamana Transaction failing to come to fruition but Preece says there is still a strong investment case for the Gold Miner with a focus on maximising current assets and growing the portfolio of assets through bolt on acquisitions. Canada is the most attractive investment destination for the group. Watch all our videos for In The C-Suite.
The world’s largest primary producer of platinum Anglo American Platinum reports robust results
The world's largest primary producer of platinum Anglo American Platinum reports robust results Outgoing Anglo American Platinum CEO Natascha Viljoen says the Group enjoys optionality of growth across all their assets and that disciplined capital allocation in respect of that growth will yield rewards. Viljoen adds that it would be naive to think we don't have challenges in South Africa but her view is that we need to harness the collective wisdom of all stakeholders and held ourselves accountable as we address...