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<p>Anglo American Platinum&#8217;s half year earnings surged 572 per cent surged, thanks to higher metal prices and increased output.The miner paid a record dividend, consisting of both a base dividend and a special dividend. Joining CNBC Africa to unpack the results for the six months ended June is Natascha Viljoen, CEO  at Anglo American Platinum.</p>


Anglo American Platinum H1 earnings surge on higher metal prices

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<p>At their 27th Annual General Meeting, shareholders of the Central Securities Clearing System approved the dividend payment of 5.8 billion naira which translates to one naira and 17 kobo per share. CSCS CEO, Haruna Jalo-Waziri joins CNBC Africa for more.</p>


N5.8bn FY dividend approved by CSCS shareholders

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<p>Vukile Property Fund has reduced debt by R1.5 billion, for the six months ended September. The company has provided extensive tenant relief in Southern Africa and Spain. The rental collection rate in Southern Africa was at 95 per cent and 90 per cent in the Spanish portfolio. Vukile Property Fund CEO, Laurence Rapp joins CNBC Africa for more.</p>


Vukile provides extensive COVID-19 tenant relief

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<p>Invicta’s headline earnings per share from continuing operations have remained flat, dropping 1 per cent. The company’s net asset value per share fell 11 per cent. An interim dividend has not been declared, given the possibility of a second wave of Covid-19 infections. Invicta CEO, Steven Joffe joins CNBC Africa for more.</p>


Invicta withholds dividend amid COVID-19 uncertainties

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<p>Telecoms group MTN has reported a headline earnings growth of 120 per cent and a group service revenue growth of 9 per cent for its half year results.</p>


Outgoing MTN CEO Rob Shuter reveals expansion plans for Africa

Outgoing MTN CEO Rob Shuter reveals expansion plans for Africa, sheds light on Middle East exit

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<p>After posting impressive results for the first quarter of 2020, I &#038; M Bank Rwanda seems to continue on the same trajectory in the second quarter, joining CNBC Africa to unpack the bank’s first half performance is the Managing Director, Robin Bairstow.</p>


Rwanda’s I&M Bank delivers solid H1 results despite COVID-19 headwinds

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<p>Capitec will not pay a final dividend to shareholders. Nor will the banks executives receive cash bonuses or salary increases. This is in line with guidance from South Africa’s Reserve Bank that banks preserve cash for increased lending that may be required due to COVID-19. Capitec CEO, Gerrie Fourie joins CNBC Africa for more.</p>


Capitec CEO on scrapping final dividend

Capitec CEO on scrapping final dividend, how the bank is helping small business fight COVID-19


<p>JOHANNESBURG (Reuters) &#8211; South African lender Capitec said on Tuesday it would not pay a dividend for its full year, although profits rose by 19%, in line with guidance from the country’s central bank to <a href="https://www.cnbcafrica.com/southern-africa/2020/04/07/sarb-guides-banks-to-put-dividends-bonuses-on-hold/">scrap payouts amid the coronavirus outbreak</a>.</p>



<p>The <a href="https://www.cnbcafrica.com/news/2020/04/14/south-african-reserve-bank-cuts-repo-rate-by-another-100-basis-points/">South African Reserve Bank (SARB)</a> asked lenders to skip dividends for 2020 earlier in April to preserve capital for lending. Capitec was one of only a few lenders to not have already declared a dividend at this time.</p>



<p>“After extensive deliberation, the board decided to support the guidance of the Reserve Bank and decided against the declaration of the final ordinary dividend,” Capitec, which normally pays out 40% of profits to shareholders, said in its results statement.</p>



<p>The banks’ main rivals &#8211; South Africa’s big four lenders including FirstRand and Absa &#8211; all reported their results and declared dividends in March. The SARB has said dividends already announced can be paid.</p>



<p>Capitec reported a full-year profit rise of 19%, at the bottom end of a forecast range of 18% to 21% it outlined in a trading statement last month. [L8N2BC6T4]</p>



<p>Its headline earnings per share &#8211; the main profit measure in South Africa &#8211; stood at 5,428 cents ($3.02), verses 4,557 cents a year earlier.</p>



<p>The lender grew to become South Africa’s sixth largest bank by assets via a strategy focused on unsecured lending to lower-income consumers, and is generally perceived to be more exposed to any economic downturn as a result. Unsecured lending relies solely on consumers’ promises to repay.</p>



<p>A fear of a spike in bad debts following the <a href="https://www.cnbcafrica.com/east-africa/2020/04/08/how-african-economies-can-survive-the-covid-19-crisis/">outbreak of the coronavirus and a prolonged lockdown</a> to stem its spread have pummelled bank shares, with Capitec in particular suffering.</p>



<p>Its credit impairment charge rose by 14% over the year to February, in line with other banks which also saw impairments spike as the South African economy deteriorated.</p>



<p>($1 = 17.9976 rand)</p>



<p>(Reporting by Emma Rumney, Editing by Raju Gopalakrishnan)</p>



<p>This article was first published on Reuters Africa <a href="https://af.reuters.com/article/investingNews/idAFKCN21W0P2-OZABS">https://af.reuters.com/article/investingNews/idAFKCN21W0P2-OZABS</a> and is republished with its permission.</p>



<p>For more coverage on COVID-19 visit: <a href="https://www.cnbcafrica.com/covid-19/">https://www.cnbcafrica.com/covid-19/</a></p>


COVID-19: South Africa eases lockdown to revive battered economy

South Africa’s Capitec says full-year profits rise by 19%, skips dividend

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<p>Shareholders approved FBN Holding&#8217;s dividend recommendation of 25 kobo per 50 kobo share at the group&#8217;s 6th Annual General Meeting. CNBC Africa&#8217;s Kenneth Igbomor caught up with UK Eke, Group Managing Director of FBN Holdings for more.</p>


Shareholders approve FBNH dividend payment

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<p>In its interim results, Ansys says that a slowdown by some of the network operators in the FTTH roll out negatively impacted its results resulting in a 6 per cent revenue drop for that segment.</p>


Data breach fears to drive Ansys’ future profits

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<p>In its interim results, Ansys says that a slowdown by some of the network operators in the FTTH roll out negatively impacted its results resulting in a 6 per cent revenue drop for that segment.</p>


Mechanisation does not spell the end of mining jobs – Ansys CEO

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<p>In its interim results, Omnia says its South African fertilizer sales suffered from low crop prices.</p>


El Nino, La Nino are both our enemies – Omnia CEO

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<p>In its interim results, Omnia says its South African fertilizer sales suffered from low crop prices.</p>


Mining Charter delay bad for business – Omnia CEO

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<p>South Africa&#8217;s biggest consumer foods maker, Tiger Brands’ strategy to refocus its effort on the South African market proved to be a win.</p>


What junk status means for Tiger Brands

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<p>In its results statement, Arrowhead Properties says market volatility has made investors skittish resulting in low business confidence and that tenants are delaying letting decisions.</p>


SA property companies can no longer sustain dividends at these levels

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<p>Tsogo Sun says in its results that trading during the first half of the financial year was impacted by the continued pressure on the consumer due to the macro-economic environment and extremely weak sentiment.</p>


Brexit good news for Tsogo

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<p>Transaction Capital reported its full year numbers saying that core headline earnings per share was up 20 per cent to 96.4 cents up and  its final dividend of 25c, takes the total full year dividend to 40 cents- up 33 per cent on last year.</p>


dividend

Anglo American Platinum H1 earnings surge on higher metal prices

N5.8bn FY dividend approved by CSCS shareholders

Vukile provides extensive COVID-19 tenant relief

Invicta withholds dividend amid COVID-19 uncertainties

Outgoing MTN CEO Rob Shuter reveals expansion plans for Africa, sheds light on Middle East exit

Rwanda’s I&M Bank delivers solid H1 results despite COVID-19 headwinds

Capitec CEO on scrapping final dividend, how the bank is helping small business fight COVID-19

South Africa’s Capitec says full-year profits rise by 19%, skips dividend

Shareholders approve FBNH dividend payment

Data breach fears to drive Ansys’ future profits

Mechanisation does not spell the end of mining jobs – Ansys CEO

El Nino, La Nino are both our enemies – Omnia CEO

Mining Charter delay bad for business – Omnia CEO

What junk status means for Tiger Brands

SA property companies can no longer sustain dividends at these levels

Brexit good news for Tsogo

Just how high are taxi drivers’ interest rates?

News Tips

Advertise With Us

dividend

Anglo American Platinum H1 earnings surge on higher metal prices

N5.8bn FY dividend approved by CSCS shareholders

Vukile provides extensive COVID-19 tenant relief

Invicta withholds dividend amid COVID-19 uncertainties

Outgoing MTN CEO Rob Shuter reveals expansion plans for Africa, sheds light on Middle East exit

Rwanda’s I&M Bank delivers solid H1 results despite COVID-19 headwinds

Capitec CEO on scrapping final dividend, how the bank is helping small business fight COVID-19

South Africa’s Capitec says full-year profits rise by 19%, skips dividend

Shareholders approve FBNH dividend payment

Data breach fears to drive Ansys’ future profits

Mechanisation does not spell the end of mining jobs – Ansys CEO

El Nino, La Nino are both our enemies – Omnia CEO

Mining Charter delay bad for business – Omnia CEO

What junk status means for Tiger Brands

SA property companies can no longer sustain dividends at these levels

Brexit good news for Tsogo

Just how high are taxi drivers’ interest rates?

News Tips

Advertise With Us

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