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<p>Master Drilling has reported an interim revenue decrease of 18 per cent and a headline loss of 30.5 per cent as a result of the impact from the COVID-19 crisis, however the group had a revenue pipeline of $281.4 million at the end of June and a committed order book of $144.6 million, including $60 million in the second half of this year. Master Drilling CEO, Danie Pretorius joins CNBC Africa for more.</p>


Master Drilling sees H1 revenue drop due to COVID-19

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<p>Banking group ABSA has reported a drop in interim profits impacted by its 297 per cent increase in credit impairments which resulted in an 82 per cent plunge in headline earnings and no interim or full year dividend is forecasted for 2020. ABSA CEO, Daniel Mminele joins CNBC Africa for more.</p>


ABSA sees massive H1 headline earnings drop as COVID-19 has weigh on the business

ABSA sees massive H1 headline earnings drop as COVID-19 weigh on the business

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<p>A bittersweet year for ARB Holdings. 2020 marks the group’s 40th year in business. However, according to the group, this financial year will be remembered for the wrong reasons. Although reporting a 3 per cent increase in earnings, the company’s revenue was held back by COVID-19. Billy Neasham, CEO of ARB Holdings CNBC Africa for more.</p>


ARB Holdings marks bittersweet 40th birthday amid COVID-19 shocks

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<p>Tower Property Fund reported an annual revenue decrease of 16.1 per cent due to a reduction in rental income as results of the sale of non-core properties during the year and a R55.1 million pay from the sale of Napier Street residential units in the prior year. The groups headline earnings for the year has decreased by 23 per cent and it reduced its full year dividend by 40 per cent to 44.5 cents per share. Tower Property Fund CEO, Marc Edwards joins CNBC Africa for more.</p>


Tower Property Fund reports full-year revenue decline as COVID-19 bites

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<p>As we know, banks have been operating in a very uncertain and difficult environment. Adding pressure to the sector have been consumer financial constraints and cuts on interest rates. Standard Bank has reported a 43 per cent fall in headline earnings per share in the interim. However, the bank has left the door open for a final dividend. Standard Bank South Africa CEO, Sim Tshabalala joins CNBC Africa for more.</p>


Standard Bank sees H1 HEPS down 43% in tough market conditions

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<p>A bittersweet respite for Gold Fields, as surging gold prices and a weaker rand boost the company’s earnings in the interim. The company has declared an dividend of R1.60. Nick Holland, CEO of Gold Fields joins CNBC Africa for more.</p>


Surging bullion prices

Surging bullion prices, weaker rand lifts Gold Fields’ H1 earnings

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<p>It has been a tough time in the education space, due to lock-down related disturbances and financial constraints. However, many parents and guardians believe that you cannot put a price tag on education. South African independent school provider Curro Holdings has reported a revenue increase of 7 per cent in the interim. Andries Greyling, CEO of Curro Holdings joins CNBC Africa for more.</p>


Curro reports increase in H1 revenue despite COVID-19 headwinds

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<p>International  manufacturer, distributor and retailer of batteries and automotive components Metair has reported an interim loss of R217.7 million and a headline loss of 56 cents per share due to its write-down in its German investment Moll and interest expenses. Metair CEO, Theo Loock joins CNBC Africa for more.</p>


Interest expenses

Interest expenses, Moll write-down weigh on Metair

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<p>Equity Group half-year net profit has dropped by 24.3 per cent to $83 million after the lender increased provisioning for loan defaults by nearly nine times amid the shocks caused by the COVID-19 pandemic.</p>


COVID-19 weighs on Equity Group’s half-year performance

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<p>Petrochemicals group Sasol has reported an annual loss that has been spurred on by its R111.6 billion write-down and a drop in oil and chemical prices. Its core headline earnings fell by 61 per cent and earnings were also impacted by the R6 billion in finance charges for its Lake Charles Chemicals project. Fleetwood Grobler, CEO of Sasol CEO, Fleetwood Grobler.</p>


Sasol sees 61% decline in full-year earnings on write-down

Sasol sees 61% decline in full-year earnings on write-downs, lower oil price

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<p>In its half-year 2020 report, the International Maritime Bureau says the Gulf of Guinea off West Africa is increasingly dangerous for commercial shipping as it now accounts for just over 90 per cent of maritime kidnappings worldwide. In a move to tackle piracy in the region, A Nigerian court in Port Harcourt has made its first set of convictions under a new anti-piracy law. Labaran Shuaibu Magaji, A Federal Prosecutor of the Ministry of Justice in Nigeria joins CNBC Africa for more.</p>


Nigeria moves to tackle rising piracy cases in the Gulf of Guinea

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<p>As companies grapple with the effect of the COVID-19 pandemic, Managing Director and CEO of Courteville Business Solution, Adebola Akindele joins CNBC Africa’s Kenneth Igbomor to breakdown the company’s half-year numbers.</p>


Courteville CEO sheds light on half-year earnings & the impact of COVID-19

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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>Mpact has released its interim results for the six months ended 30 June 2020. The paper and plastics packaging business and recycler reported a fall of 1.4 per cent in revenue, as a result of electricity outages and COVID-19 regulations. Mpact CEO, Bruce Strong joins CNBC Africa for more.</p>


COVID-19 lock-downs

COVID-19 lock-downs, load shedding weigh on Mpact’s H1 earnings

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<p>Steel producer ArcelorMittal South Africa has reported an interim headline loss of R2.6 million due to the decrease in demand for steel and a complete shutdown of operations during lock-down, and some parts of its business will continue to remain closed until demand picks up. The company announced last month that large scale retrenchments will be taking place as a result of cost cutting strategies. ArcelorMittal South Africa CEO, Kobus Verster joins CNBC Africa for more.</p>


ArcelorMittal SA reports half-year loss as steel demand falls

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<p>Mark Dytor, CEO of AECI joins CNBC Africa to break down the company’s results which saw the JSE listed chemicals group declare a gross interim cash dividend of 100 cents apiece for the six months ended June 30.</p>


AECI continues to reward shareholders despite COVID-19 uncertainty

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<p>Kumba Iron Ore has released its interim results, reporting a 17 per cent drop in interim earnings due to the impact of COVID-19 on output and sales.</p>


Headline earnings per share

Master Drilling sees H1 revenue drop due to COVID-19

ABSA sees massive H1 headline earnings drop as COVID-19 weigh on the business

ARB Holdings marks bittersweet 40th birthday amid COVID-19 shocks

Tower Property Fund reports full-year revenue decline as COVID-19 bites

Standard Bank sees H1 HEPS down 43% in tough market conditions

Surging bullion prices, weaker rand lifts Gold Fields’ H1 earnings

Curro reports increase in H1 revenue despite COVID-19 headwinds

Interest expenses, Moll write-down weigh on Metair

COVID-19 weighs on Equity Group’s half-year performance

Sasol sees 61% decline in full-year earnings on write-downs, lower oil price

Nigeria moves to tackle rising piracy cases in the Gulf of Guinea

Courteville CEO sheds light on half-year earnings & the impact of COVID-19

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

COVID-19 lock-downs, load shedding weigh on Mpact’s H1 earnings

ArcelorMittal SA reports half-year loss as steel demand falls

AECI continues to reward shareholders despite COVID-19 uncertainty

Themba Mkhwanazi on how COVID-19 has impacted Kumba’s H1 earnings

News Tips

Advertise With Us

Headline earnings per share

Master Drilling sees H1 revenue drop due to COVID-19

ABSA sees massive H1 headline earnings drop as COVID-19 weigh on the business

ARB Holdings marks bittersweet 40th birthday amid COVID-19 shocks

Tower Property Fund reports full-year revenue decline as COVID-19 bites

Standard Bank sees H1 HEPS down 43% in tough market conditions

Surging bullion prices, weaker rand lifts Gold Fields’ H1 earnings

Curro reports increase in H1 revenue despite COVID-19 headwinds

Interest expenses, Moll write-down weigh on Metair

COVID-19 weighs on Equity Group’s half-year performance

Sasol sees 61% decline in full-year earnings on write-downs, lower oil price

Nigeria moves to tackle rising piracy cases in the Gulf of Guinea

Courteville CEO sheds light on half-year earnings & the impact of COVID-19

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

COVID-19 lock-downs, load shedding weigh on Mpact’s H1 earnings

ArcelorMittal SA reports half-year loss as steel demand falls

AECI continues to reward shareholders despite COVID-19 uncertainty

Themba Mkhwanazi on how COVID-19 has impacted Kumba’s H1 earnings

News Tips

Advertise With Us

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