The C-Suite is the exclusive domain of CEO’s both local and global with an emphasis on Company Results.
FNB reaches 11 million active customers and Targets Rest of Africa Growth
FNB reaches 11 million active customers and Targets Rest of Africa Growth Financial services group FNB delivered a strong set of financial results for the financial year ending 30 June 2022, as the bank continued to accrue new customers, now approaching 11 million active customers. “Our performance was driven by more customers, increased transactional volumes, strong deposit growth, lower impairments, and increased disbursements to our retail and commercial customers. We remain committed to investing in our digital platform to facilitate our customers’...
FirstRand Group pays out biggest annual dividend in Company’s History
FirstRand Group pays out biggest annual dividend in Company's History FirstRand Boss Alan Pullinger says "Looking forward as inflation subsides and economic reforms gather pace, the group is well positioned to play strongly into an overall improving domestic economic backdrop. Despite this year’s high level of payout to shareholders, given its superior return profile, FirstRand remains capital generative and has the necessary financial capacity to increase momentum in risk-weighted asset growth in the 2023 financial year. The growth in advances that took place...
Momentum Metropolitan declares strong dividend as earnings soar
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...
The Future looks bright for JSE listed REIT ATTACQ Limited
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...
Sanlam Boss Paul Hanratty says Sanlam and Allianz are perfectly suited to drive Africa Strategy
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...
Discovery Group Boss Adrian Gore is as excited about the Group today as he was in the early days.
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...
Billionaire Rob Hersov eyes buying 6 ACSA airports
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...
Murray & Roberts starts enjoying fruits of Five year turnaround strategy
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.