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<p>Pick n Pay&#8217;s headline earnings per share dropped 21.4 per cent year-on-year for the 12 months ended February. Earnings were impacted by trading restrictions, which resulted in an about R4 billion in lost sales, and R200 million in additional costs related to Covid-19. Pick n Pay has also welcomed a new CEO. Joining CNBC Africa to review those numbers and the growth strategy is Lerena Olivier, CFO at Pick n Pay.</p>


Pick n Pay full-year HEPS drop as COVID-19 hurts sales

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<p>Coming out with its results for the year ended February, PSG reported that it continues to trade at a sizeable discount to its Sum Of The Parts value per share. The investment holding company however, says that it remains focused on pursuing value-unlocking initiatives for its shareholders. CNBC Africa’s Zinathi Gquma spoke with PSG CEO, Piet Mouton to review the results.</p>


PSG CEO talks strategy

PSG CEO talks strategy, COVID-19 risks & SA’s regulatory environment

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<p>KCB Bank Group has reported a 22 per cent drop in earnings in 2020 with the decline largely attributed to the COVID-19 pandemic. CNBC Africa caught up with the bank&#8217;s Group Chief Executive Officer, Joshua Oigara for more.</p>


KCB Bank reports 22% fall in earnings

KCB Bank reports 22% fall in earnings, but sees strong recovery in 2021

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<p>PSG Konsult has seen a 10 per cent rise in recurring headline earnings per share, year-on-year, for the 12 months ended February. The financial services company’s total dividend per share for the year climbed by 9 per cent. CNBC Africa’s Zinathi Gquma spoke with the CEO Francois Gouws for more.</p>


PSG Konsult delivers impressive growth despite COVID-19 headwinds

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<p>Technology services group EOH has narrowed its headline loss per share by 83 per cent, for the six months ended January, on a year-on-year basis. EOH has seen a significant reduction in one-off costs and says it is confident that its legacy issues are under control. EOH CEO, Stephen van Coller joins CNBC Africa for more.</p>


EOH headline loss per share narrows

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<p>Capitec Bank has reported a 27 per cent fall in headline earnings per share for the year ended February. This is from the prior comparable period. The bank has however, more than doubled its final dividend, from the previous year. Capitec Bank CEO, Gerrie Fourie joins CNBC Africa for more.</p>


Capitec HEPS down 27%

Why Capitec is concerned about international telcos

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<p>Remgro&#8217;s headline earnings per share, from continuing operations, plunged 52.7 per cent year-on-year for the six months ended December. Earnings were significantly affected by lower contributions by Mediclinic and FirstRand, as well as lower interest income. The company has, however, declared an interim gross dividend of 30 cents per share. Remgro CEO, Jannie Durand joins CNBC Africa for more.</p>


Remgro sees H1 earnings plunge

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<p>With the material impact of Covid-19, Master Drilling&#8217;s revenue fell 17 per cent for the year ended December. Net cash generation, however, jumped 72.7 per cent. Although the group experienced a significant decline in revenue in South America, this was offset by regions such as India, Africa and Scandinavia. Master Drilling CEO, Danie Pretorius joins CNBC Africa for more.</p>


Master Drilling CEO on why he believes South America will deliver returns this year

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<p>Private education provider ADvTECH has reported a 6 per cent rise in headline earnings per share, for the year ended December. Revenue for the period increased by 8 per cent. The company has decided to resume the payment of dividends, citing strong cash generation, a sound balance sheet and satisfactory enrolments for 2021. ADvTECH CEO, Roy Douglas joins CNBC Africa for more.</p>


ADvTECH shows resilience in tough market conditions

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<p>Attacq’s distributable income per share slumped 57.5 per cent year-on-year, for the six months ended December. Due to the impact of Covid-19, the property investment company granted rental discounts amounting to R53.8 million. The group’s liquidity did, however, improve to R1.3 billion. Jackie van Niekerk, CEO of Attacq joins CNBC Africa for more.</p>


Attacq sees 57.5% decline in distributable earnings due to COVID-19

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<p>Old Mutual is the latest insurance company to release their results. The company’s headline earnings took a knock of 51 per cent due to the drop in sales during the Covid-19 Pandemic. But they still declared a dividend of 35 cents per ordinary share. This is despite the prediction of a 3rd and 4th Covid-19 wave. Old Mutual CEO, Iain Williamson joins CNBC Africa for more.</p>


Old Mutual CEO explains decision to pay dividend despite COVID-19 challenges

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<p>Metair has reported a 56 per cent dive in headline earnings for the year ended December 2020 and a 9 per cent drop in revenue. The company’s profit dropped by 45 per cent due to a hike in costs and impairments. The Board declared a dividend of 75 cents per share for the 2020 financial year. Riaz Haffejee, CEO at Metair joins CNBC Africa for more.</p>


Metair’s headline earnings tank by 56% due to COVID-19

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<p>African Rainbow Capital Investments has reported a 7.6 per cent decline in Net Asset Value per share, for the six months ended December. The company says that market sentiment and activity in certain sectors have improved, especially with the prospect of vaccines becoming available. Johan van der Merwe, Co-CEO at African Rainbow Capital joins CNBC Africa for more.</p>


African Rainbow Capital CEO shows positive outlook for 2021

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<p>Exxaro’s headline earnings per share took a 2 per cent dip, for the year ended December, due to once-off costs.</p>


Exxaro sees 12% increase in revenue, declares dividend

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<p>Since Covid-19 landed on our shores, education has been put in a rather tricky situation. Curro Holdings reported a 39 per cent decline in headline earnings per share for the year ended December. The independent education provider, however, saw average learner numbers grow by 6 per cent. No interim dividend has been declared. Andries Greyling, CEO at Curro Holdings joins CNBC Africa for more.</p>


Curro sees decline in headline earnings on COVID-19 impact

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<p>2020 has been an uphill battle for the financial services sector with the last of the big four banks, Nedbank reporting 56 per cent dive in headline earnings for the year ended December 2020, and a 3.5 per cent drop in revenue. But they insist they have managed to maintain profitability. Nedbank CEO, Mike Brown joins CNBC Africa for more.</p>


Nedbank CEO Mike Brown reflects on difficult year

Nedbank CEO Mike Brown reflects on difficult year, calls for speedy rollout of vaccines

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<p>Shoprite reported a 10.4 per cent increase in half year earnings, declaring an interim dividend 22.4 per cent higher than the prior comparative period. The retailer closed the last of its Kenyan stores in February, and is at the approval stage on the sale of the Nigeria supermarket operation. Shoprite CEO, Pieter Engelbrecht joins CNBC Africa for more.</p>


full year

Pick n Pay full-year HEPS drop as COVID-19 hurts sales

PSG CEO talks strategy, COVID-19 risks & SA’s regulatory environment

KCB Bank reports 22% fall in earnings, but sees strong recovery in 2021

PSG Konsult delivers impressive growth despite COVID-19 headwinds

EOH headline loss per share narrows

Why Capitec is concerned about international telcos

Remgro sees H1 earnings plunge

Master Drilling CEO on why he believes South America will deliver returns this year

ADvTECH shows resilience in tough market conditions

Attacq sees 57.5% decline in distributable earnings due to COVID-19

Old Mutual CEO explains decision to pay dividend despite COVID-19 challenges

Metair’s headline earnings tank by 56% due to COVID-19

African Rainbow Capital CEO shows positive outlook for 2021

Exxaro sees 12% increase in revenue, declares dividend

Curro sees decline in headline earnings on COVID-19 impact

Nedbank CEO Mike Brown reflects on difficult year, calls for speedy rollout of vaccines

Shoprite gains market share despite virus disruptions

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full year

Pick n Pay full-year HEPS drop as COVID-19 hurts sales

PSG CEO talks strategy, COVID-19 risks & SA’s regulatory environment

KCB Bank reports 22% fall in earnings, but sees strong recovery in 2021

PSG Konsult delivers impressive growth despite COVID-19 headwinds

EOH headline loss per share narrows

Why Capitec is concerned about international telcos

Remgro sees H1 earnings plunge

Master Drilling CEO on why he believes South America will deliver returns this year

ADvTECH shows resilience in tough market conditions

Attacq sees 57.5% decline in distributable earnings due to COVID-19

Old Mutual CEO explains decision to pay dividend despite COVID-19 challenges

Metair’s headline earnings tank by 56% due to COVID-19

African Rainbow Capital CEO shows positive outlook for 2021

Exxaro sees 12% increase in revenue, declares dividend

Curro sees decline in headline earnings on COVID-19 impact

Nedbank CEO Mike Brown reflects on difficult year, calls for speedy rollout of vaccines

Shoprite gains market share despite virus disruptions

News Tips

Advertise With Us

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