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EOH Exco chop salaries by 25%; ask staff to cut by 20%

Technology group EOH narrowed its first half loss per share from continuing operations, while group revenue fell 14 per cent and costs rose. EOH CFO, Megan Pydigadu joins CNBC Africa for more.

COVID-19: Spear REIT unveils self-isolation rooms in its hotels

Cape Town focused property group Spear REIT joins the list of hotel groups such as the Apartments group and Capital Hotels in launching self-isolation rooms in its hotels. Spear REIT is offering rooms in its Doubletree by Hilton hotel which is equipped with hygiene hampers and isolation facilities for self-quarantined citizens. Spear REIT CEO, Quintin Rossi joins CNBC Africa for more.

Michael Sassoon on Sasfin’s five-point coronavirus plan

Sasfin Holdings reporting an interim 5.67 per cent increase in earnings per share due to improved credit quality. The group also cited its strategy to exit direct private equity after poor performances in recent years. Sasfin Group CEO, Michael Sassoon joins CNBC Africa for more.

Libstar says Italian food imports for Woolworths have stringent safety measures in place for COVID-19

South African food producer Libstar has reported an annual revenue increase of 2.4 per cent due to its grocery and perishable food division as well as a headline earnings rise of 10.1 per cent, joining CNBC Africa for more on the impact that the coronavirus will have on its sales is Robin Smith, Group Commercial and Financial Director at Libstar.

Sasol plans $2bn rights issue

Sasol has announced measures to stabilise its balance sheet including a potential $2 billion rights issue in the wake of lower oil prices and COVID-19 headwinds will it be enough to stabilise the crash of its share price which is down almost 90 per cent this year? Sasol CEO, joins Fleetwood Grobler for more.

Litigation over Moyo does little to dent Old Mutual’s earnings

Financial services group Old Mutual managed to pull through a positive set of results despite the challenging economic environment and the ongoing executive leadership challenges. Joining CNBC Africa for more is interim CEO, Iain Williamson.

ABSA under new leadership

CNBC Africa sits down with newly appointed CEO of ABSA, Daniel Mminele. The former Deputy Governor of the South African Reserve Bank tells CNBC Africa’s Kopano Gumbi why he took the role, what he plans to do and how he wants to position the bank as a proudly African organisation....

MTN unveils its 2019 full-year results

MTN released its full year results on the 11th of March. See MTN’s performance, despite difficult economic conditions as well as operational and regulatory challenges in certain markets. The annual results will also reflect their strategic updates, financial indicators and future prospects....

Growthpoint sees more growth from Europe, CEO Norbert Sasse explains why

Office vacancies for South Africa’s largest property group, Growthpoint has increased due to the country's weak economic standing. Growthpoint, whose distribution per share grew 0.2 per cent to 106c in its half-year to end- December, is now looking to venture offshore. Growthpoint CEO, Norbert Sasse joins CNBC Africa for more.

How MTN plans to deal with the oil crash, COVID-19

CNBC Africa's Fifi Peters spoke with MTN CFO, Ralph Mupita about the company’s full year results which saw a 9.7 per cent growth in its revenue boosted by a 12.6 per cent increase in Nigeria and 22.9 per cent in Ghana.

Brimstone not paying dividends for the first time in 17 years, CEO Mustaq Brey explains why

Investment holding company Brimstone recorded a profit for its year end 2019 results of R75.3 million due to an increase in profitability of Sea Harvest which it has increased its stake in to 54.2 per cent. The company has suffered a headline loss per share of 58.1 cents per share and has issued new shares to raise capital. Brimstone CEO, Mustaq Brey joins CNBC Africa for more.

FirstRand CEO on why it expects earnings to slow & covid-19

FirstRand is faring better than rivals Standard Bank and Nedbank. The big-four bank reported a 5 per cent rise in normalised half-year profits, lifting its shares even as it warned the impact of a rapidly deteriorating economy in South Africa was becoming evident across its customer base. In this CNBC Africa special Kopano Gumbi spoke to FirstRand CEO Alan Pullinger about beating the odds....

FNB CEO: How we plan to stay ahead of the competition

FNB's fee and commission income grew 5 per cent, mainly due to increased volumes across its digital and electronic channels, however the rate of growth in volumes is slowing due to customers' constrained disposable incomes, competitive pressures and certain fee concessions. Joining CNBC Africa to break down the numbers is FNB CEO Jacques Celliers.

Stephen Saad on the impact of COVID-19 on Aspen

Stephen Saad, CEO of Aspen who spoke to CNBC Africa on the group’s interim results and the impact that coronavirus is having on its business.

Standard Bank CEO Sim Tshabalala on results, COVID-19 & SA’s economic outlook

CNBC Africa spoke to Standard Bank CEO, Sim Tshabalala about his results which saw the company’s full-year headline earnings per share increase by 1 per cent to 1.766c.

Weak demand shreds Mpact’s earnings in tough trading conditions

Mpact, the paper and plastics packaging business, has found the company's demands from across all its businesses to be quite challenging. The group has sunk into a loss of R880.4m from a profit of R317m previously. Mpact CEO, Bruce Strong joins CNBC Africa for more.

Murray & Roberts grows order book by 60% to R50.8bn

Murray & Roberts released its interim results and the company's operating profit from continuing operations increased by 15 per cent to R419 million. The engineering and construction company's diluted continuing headline earnings per share decreased by 4 per cent to 49 cents. Murray & Roberts CEO, Henry Laas joins CNBC Africa for more.

Grindrod reports solid FY results, wary of COVID-19

Logistics group Grindrod raised its revenue by 12 per cent and headline earnings per share by 21 per cent citing a solid performance from the group’s logistics and port and terminals sector. Grindrod CEO Andrew Waller, joins CNBC Africa for more.

Cashbuild blames difficult Christmas for decline in H1 profits

CNBC Africa spoke with Werner de Jager, the CEO of Cashbuild as he cited a decline in profits due to accounting changes and a difficult trading period in December.

Zim, Banco Unico & tough economic environment weigh on Nedbank’s FY earnings

Nedbank reported a full year headline earnings loss of 7.3 per cent to R12.5 billion which was below its expectations. The group contributed its decline in headline earnings and an unchanged dividend to the South Africa’s current weak trading conditions and its gloomy global outlook. Nedbank CEO, Mike Brown joins CNBC Africa for more.

Bidvest CEO on H1 earnings, acquisition plans & COVID-19 impact

Bidvest's headline earnings per share fell by 3.9 per cent in its first-half after new international accounting standards and a write-off of money owed by struggling South African Airways. Joining CNBC Africa to discuss that further is CEO of Bidvest, Lindsay Ralphs.

Acquisitions boost Sea Harvest’s full-year earnings

Fishing group Sea Harvest reported a 48 per cent increase in headline earnings boosted by the group’s recent acquisitions of Ladismith Cheese and Viking Fishing.

Hyprop warns of the impact of COVID-19

Mall owner Hyprop continues to reduce its exposure to embattled retailer Edcon, whilst it’s drastically reduced its dividend for its interim period to 308.7 cents per share. Hyprop CEO, Morné Wilken joins CNBC Africa for more.

South Africa’s Sasol half-year earnings fall 74%, here’s why

South African petrochemicals group Sasol reported on Monday a 74% drop in interim profit, weighed down by...

Kenya’s tourism earnings up 3.9%

The East African nation, which relies on tourism as a major source of foreign exchange and jobs, had 2.05 million tourists last year, an increase of 1%.

GRUNDFOS MD Sandager on how to solve water crisis in Africa

According to data, achieving universal access to water and sanitation for all by 2030, there needs to be increased investment in management of freshwater ecosystems and sanitation facilities on a local level in several developing countries within Sub-Saharan Africa (SSA). Henning Sandager, Area Managing Director at GRUNDFOS Sub-Saharan Africa joins CNBC Africa for more.

Kenya Airways on earnings, nationalisation & expansion plans

Kenya Airways reported a loss of about $74 million for the 12 month period ended December 2018 from a loss of about $63 million reported in the nine month period ended in December 2017, attributing the loss to the high cost of fuel, high salaries and fleet ownership. Revenue for the 12 month period increased to about $1 billion compared to about $798 million reported during the 9 Month period ended 31 December 2017. Sebastian Mikosz, CEO of Kenya Airways joins CNBC Africa for more.

All eyes on Ghanaian banks as earnings trickle in

As earnings season enters full swing, Collins Appiah, Economic Advisor at Services Integrity & Loans joins CNBC Africa to breakdown 9-month results of some listed banks on Ghana Stock Exchange (GSE).

These are the highest paid players in the NBA right now

NBA salaries continue to rise year to year. Here are the ten highest-paid NBA players for the league’s new season...

Tanzania gold export earnings rise by 25% in year to August

Tanzania's earnings from gold exports rose 25.1% in the year to August, buoyed by higher output of the precious metal, its central bank said on Thursday.

Latest

Why business should not throw in the towel in the face of COVID-19

“I would like to appeal to all large businesses not to resort to force majeure and stop paying their suppliers and rental commitments , as such practice has a domino effect on all other businesses dependent on that chain,”

SA extends lockdown by two weeks until end April

South Africa's President Cyril Ramaphosa on Thursday evening extended the country's lockdown by two weeks until the end of April to slowdown...

COVID-19: Trump hold on finances would hurt our work in Africa – WHO.

"If that decision is made it would severely impact our work here in Africa,” says Moeti.

Update on Rupert family’s R1bn COVID-19 fund

This week Johann Rupert’s R1billion Sukuma fund had to close doors on desperate small businesses wanting help to fight the impact of COVID-19 lockdowns.

World Bank considers debt relief for Africa to fight COVID-19

The World Bank expects COVID-19 to cost Sub-Saharan Africa up to $79 billion in lost output in 2020, plunging the region into its first recession in a quarter of a century. World Bank’s Chief Economist for Africa, Albert Zeufack joins CNBC Africa for more.