The C-Suite is the exclusive domain of CEO’s both local and global with an emphasis on Company Results.
British International Investment & Ecobank Sierra Leone Partner on $25m Facility For Sierra Leone
British International Investment & Ecobank Sierra Leone Partner on $25m Facility For Sierra Leone The ground breaking risk sharing facility will increase lending to businesses in Sierra Leone where access to finance is limited. It will further support local currency lending and provide longer-term loans which aRE generally unavailable.This pioneering facility is the first investment under the Africa Resilience Investment Accelerator (ARIA) which was created by BII to boost investment in frontier markets. It demonstrates BII’s ability to act as a first...
Momentum Metropolitan Boss Jeanette Marais taking the group from strength to strength
Momentum Metropolitan Boss Jeanette Marais taking the group from strength to strength Momentum Metropolitan Holdings reported robust earnings and solid financial results for the six months ended 31 December 2023. The Group's CEO, Jeanette Marais, attributed the success to the business model of empowered, accountable businesses that demonstrated resilience and agility. Despite sustained pressure on the value of new business, the Group's normalised headline earnings per share increased by 48%, and it declared an interim dividend of 60 cents per ordinary...
Investing in Private Education – a sure bet for Future Success?
Investing in Private Education - a sure bet for Future Success? Private Education group ADvTECH posted a strong set of results for the year ended December 2023. The Group's schools and tertiary divisions benefitted from good enrolment growth, moderate fee increases and enhanced operating leverage. The Group continues to grow its presence across the African continent. ADvTECH is now in a position where the group is generating cash in excess of their investment funding requirements. Given the positive momentum the board has increased...
Johannesburg Stock Exchange looks to reversal of the delisting trend with 10 listings in pipeline
Johannesburg Stock Exchange looks to reversal of the delisting trend with 10 listings in pipeline On the results: We are delighted with the results, we delivered an unexpectedly strong performance against a challenging backdrop with our headline earnings up by 12%. That was really underpinned by our deliberate attempts to diversify our revenue across asset classes. So while our equity market was down in value traded by nine and a half percent, our bond market commodities, and financial derivatives were all in...
Standard Bank Group Boss talks results, economy and South Africa’s Elections
Standard Bank Group Boss talks results, economy and South Africa's Elections In conversation with Standard Bank Group CEO Sim Tshabalala On the economy: Our economists believe that the cutting cycle will start after the elections, and that we will have at least three cuts during the course of this year. They believe this is predicated on declining inflation. Declining inflation and declining interest rates will improve the ability of customers to service loans. On Africa operations: Over time when one part of the business is...
South Africa’s Infrastructure challenges, low growth and corruption weigh heavily on Nedbank’s CFO.
South Africa's Infrastructure challenges, low growth and corruption weigh heavily on Nedbank's CFO. On Africa: We saw very good growth out of our 21% stake in Ecobank. Our expectations is that is likely to continue, albeit possibly slightly softer from an earnings perspective. On South Africa: There's no doubt you'll see stagnant growth as we build up towards the elections just as a result of everyone's focus being on the elections rather than growing the economy. So I think that is unfortunate in an...
Ground breaking Weight loss drug puts Aspen Pharmacare firmly on the front foot
Ground breaking Weight loss drug puts Aspen Pharmacare firmly on the front foot The Recovery Journey It's been it's been a journey Bronwyn, you know, you've lived the journey with me for a long time. We took a really big bet on sterile manufacturing, what you put into eyedrops, syringes, vaccines. And we thought the world was moving that way some time ago. And 5 or 6 years later, it's been R10 billion without any return.I remember the first year the analysts...
Outgoing FirstRand CEO Alan Pullinger: “It’s been an honour and a privilege.”
Outgoing FirstRand CEO Alan Pullinger: "It's been an honour and a privilege." On presenting the last set of results for FirstRand It's been an honour and a privilege, FirstRand is such a special place I joined 26 years ago, I knew nothing about banking, and it was a gift to be able to, you know, learn from GT Ferreira, Laurie Dippenaar and Paul Harris, they taught me the ropes. So it's an absolute gift, I've been super, super lucky. FirstRand is a...