The Nielsen Network2023-04-15T10:55:52+02:00Standard Bank Group CEO Sim Tshabalala is in the C-SUITE as the Group reports stellar results
An upbeat Sim Tshabalala presented excellent full year results to the end of December 2022 for the the banking giant today. Operations outside of South Africa performed exceptionally well and now make up a whopping 36% percent of the overall group. Two things weigh on Tshabalala when it comes to South Africa's outlook namely: Infrastructure and Power.
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The Nielsen Network2023-04-15T10:57:21+02:00Group Chief Executive of Sanlam Paul Hanratty is in the C-SUITE
Speaking on the announcement of Sanlam Group's Full year results Group CEO Paul Hanratty said
"It's been an incredibly difficult 12month period but we are optimistic that the environment will start improving from late 2023 to early 2024 and then we are ready to go! "
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The Nielsen Network2023-03-09T08:42:48+02:00Top CEO says South Africa's Grey-Listing is just another own goal in a long list of own goals.
Momentum Metropolitan CEO Hillie Meyer on the announcement of the company's half year results stresses how difficult it is to do business in South africa whether you are a large corporate, an SME or a consumer. Meyer says Momentum Metropolitan stands ready to help solve the country's problems if Government extends a hand.
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The Nielsen Network2023-03-09T08:43:01+02:00The Johannesburg Stock Exchange (JSE) delivers record trading continuity and systems uptime
The JSE recorded revenue growth across its business segments with a growing contribution from non trading revenue which was up 13% percent for the period and now contributes 25% to overall revenue. The Resilience of the exchange from an operations perspective is holding strong with uptime of systems and trading continuity at an all time high.
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The Nielsen Network2023-03-09T08:44:10+02:00Nedbank Group sees another hike in South African interest rates with Prime hitting a high of 11%
Nedbank reported a stellar set of full year results today for the year ended December 2022. The Group is backing its own business with plans for a R5bn share buyback scheme subject to regulatory approval. Nedbank Group Chief Financial Offer Mike Davis says the bank expects another 25 basis point rate hike in South African with prime peaking at 11% and that this together...
The Nielsen Network2023-03-09T08:45:09+02:00PSG Asset Management wins big at the Raging Bull awards - CIO Greg Hopkins joins us in the C-SUITE
PSG Asset Management won South African Manager of the Year award at the Raging Bull Awards for performance to the end of 2022. We spend some time talking to Greg Hopkins who as Chief Investment Officer leads the investment team and we get to grips with his current views of the investment landscape both local and global. Hopkins says that if you...
The Nielsen Network2023-03-09T08:56:32+02:00Understanding 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...
The Nielsen Network2023-03-09T08:57:36+02:00Harmony 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.
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The Nielsen Network2023-03-09T09:00:01+02:00Aspen 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 .
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The Nielsen Network2023-03-09T09:10:51+02:00The 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.
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