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.
After posting impressive results for the first quarter of 2020, I & 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.
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.
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 scrap payouts amid the coronavirus outbreak.
Mechanisation does not spell the end of mining jobs - Ansys CEO