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<p>Steven Joffe, CEO of Invicta joins CNBC Africa to breakdown the company’s interim numbers.</p>


Invicta CEO on debt stabilisation

Invicta CEO on debt stabilisation, navigating COVID-19 shocks

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<p>A more efficient approach, frugal is what some experts have called it, now that is the strategy taken by BPR Atlas Mara Rwanda Managing Director, Maurice Toroitich and it seems to be reaping results, well at least in the short run. He joins CNBC Africa for a look at the bank’s first quarter results.</p>


Atlas Mara’s Maurice Toroitich on the major drivers behind strong Q1 results

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<p>South Africa&#8217;s biggest fertilizer producer Omnia was profitable in the year to March after extensively restructuring its business units. Omnia CEO, Seelan Gobalsamy joins CNBC Africa to breakdown the results.</p>


Omnia delivers solid results from a stabilised business

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<p>At a time when many property companies are struggling Vukile has posted healthy performance.  The group reported a continued strength in their Southern African portfolio and well diversified sources of funding. Vukile Property Fund CEO, Laurence Rapp joins CNBC Africa for more.</p>


Vukile bucks the trends with strong results in a tough environment

Vukile bucks the trend with strong results in a tough environment

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<p>Logistics and automotive group Barloworld has reported that it will be retrenching staff due to its cost saving and containment initiatives. Staff will be cut by 20 to 25 per cent as well as salary cuts amid a reduction in demand, volatile commodity prices and a disruption in supply chains. The group reported an interim revenue decrease of 12.2 per cent and operating profit decrease of 28 per cent. Barloworld CEO, Dominic Sewela joins CNBC Africa for more.</p>


Barloworld moves to slash salaries

Barloworld moves to slash salaries, cut jobs in response to COVID-19 shocks

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<p>Aluminium supplier and exporter, Hulamin has reported depressed losses in its international and local market due to decreased export sales and the groups headline earnings plummeting to a loss of R240 million. Hulamin CEO, Richard Jacob joins CNBC Africa for more.</p>


Hulamin CEO on COVID-19 impact on the aluminium market

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<p>African Bank reported a half-year loss after taking a R550 million charge for bad debts. The company made a net loss after tax of 111 million rand compared to a profit of R533 million in the same period last year. African Bank CEO, Basani Maluleke joins CNBC Africa for more.</p>


African Bank CEO: How COVID-19 has impacted the bank’s earnings

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<p>It’s been a topsy-turvy year for South African miner Bushveld Minerals yet the company has managed to post a set of tidy year end numbers. The falling vanadium price &#8211; down 34 per cent in the year &#8211; hammered the company&#8217;s revenue. It fell 39 per cent to just over $116 million. Bushveld CEO, Fortune Mojapelo joins CNBC Africa for more.</p>


Bushveld CEO on FY numbers & COVID-19 impact on operations

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<p>Peregrine Holdings reported a 15 per cent increase its assets under management to R142 billion, while the group’s profit for the year slumped by 37 per cent to R328 million. The company has not declared a final dividend and expects markets volatility to last between 6 and 12 months. Peregrine Group CEO, Robert Katz joins CNBC Africa for more.</p>


COVID-19: Peregrine Group CEO on how to look at the FY numbers

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<p>Telecoms Company Telkom is suspending its dividend policy for the next 3 years as it prioritises its capital investment programme ahead of its nearing auction of spectrum.</p>


Telkom CEO on the decision to suspend dividend policy for 3 years

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<p>Africa’s largest pay TV operator added 900,000 new subscribers in the 2020 financial year. Multi-choice said annual profit jumped 39 per cent, helped by reduced losses in its rest of Africa portfolio and strong cost containment. Calvo Mawela, CEO,  MultiChocie Group.</p>


MultiChoice FY profits jumps

MultiChoice FY profits jumps, add 900K new subscribers

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<p>Capital Appreciation, a JSE fintech player raised its final dividend by over 17 per cent following an increase in annual revenue and profits. The payment solutions provider saw increased demand for its digital and cloud based services and said the Covid-19 pandemic has not impacted earnings negatively. Bradley Sacks, Joint CEO at Capital Appreciation joins CNBC Africa for more.</p>


Capital Appreciation’s Bradley Sacks on COVID-19 impact on business

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<p>Hospitality Group Tsogo Sun Hotels reported a 31 per cent plunge in full year headline earnings per share, with Covid-19 resulting in demand from international tourist retracting in the fourth quarter, due to global lock-downs.</p>


Tsogo Sun Hotels FY profits plunge

Tsogo Sun Hotels FY profits plunge, COVID-19 lock-downs weigh

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<p>Nampak swung to a half year loss of R2.4 billion as revenue plunged and it impaired its Angola and Nigeria assets by R3 billion, which is four times its market value. The also warned that future profits were in South Africa were at risk from the ban on alcohol sales due to Covid-19 lock-downs. Nampak CEO, Erik Smuts joins CNBC Africa for more.</p>


Nampak swings into H1 loss

Nampak swings into H1 loss, suffers R3bn impairment

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<p>Famous Brands, the owner of several of South Africa’s best loved restaurant chains has scrapped its dividend for the second half of its financial year to preserve its balance sheet.  The owner of Steers and Tashas warned that the COVID-19 pandemic has had a significant negative impact on the group. Famous Brands CEO, Darren Hele joins CNBC Africa for more.</p>


The harsh taste of COVID-19 on Famous Brands

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<p>Momentum Metropolitan has canned its target to deliver normalised headline earnings of as much as R4 billion in 2021, due to the impact of Covid-19. The financial services group says it’s not certain how the health and economic consequences of the pandemic will impact future earnings or sales. Hillie Meyer, CEO of Momentum Metropolitan Holdings joins CNBC Africa for more.</p>


COVID-19 mutes Momentum Metropolitan’s upward curve

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<p>Afrimat’s annual operating profit surged 27.5 per cent to R471.2 million, boosted by strong demand from its iron ore operations. However, the construction and mining group withheld its final dividend to use the cash to cement its balance sheet from Covid-19. Afrimat CEO, Andries Van Heerden joins CNBC Africa to review the numbers.</p>


Headline earnings per share

Invicta CEO on debt stabilisation, navigating COVID-19 shocks

Atlas Mara’s Maurice Toroitich on the major drivers behind strong Q1 results

Omnia delivers solid results from a stabilised business

Vukile bucks the trend with strong results in a tough environment

Barloworld moves to slash salaries, cut jobs in response to COVID-19 shocks

Hulamin CEO on COVID-19 impact on the aluminium market

African Bank CEO: How COVID-19 has impacted the bank’s earnings

Bushveld CEO on FY numbers & COVID-19 impact on operations

COVID-19: Peregrine Group CEO on how to look at the FY numbers

Telkom CEO on the decision to suspend dividend policy for 3 years

MultiChoice FY profits jumps, add 900K new subscribers

Capital Appreciation’s Bradley Sacks on COVID-19 impact on business

Tsogo Sun Hotels FY profits plunge, COVID-19 lock-downs weigh

Nampak swings into H1 loss, suffers R3bn impairment

The harsh taste of COVID-19 on Famous Brands

COVID-19 mutes Momentum Metropolitan’s upward curve

Afrimat FY HEPS surge, withholds final dividend

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Headline earnings per share

Invicta CEO on debt stabilisation, navigating COVID-19 shocks

Atlas Mara’s Maurice Toroitich on the major drivers behind strong Q1 results

Omnia delivers solid results from a stabilised business

Vukile bucks the trend with strong results in a tough environment

Barloworld moves to slash salaries, cut jobs in response to COVID-19 shocks

Hulamin CEO on COVID-19 impact on the aluminium market

African Bank CEO: How COVID-19 has impacted the bank’s earnings

Bushveld CEO on FY numbers & COVID-19 impact on operations

COVID-19: Peregrine Group CEO on how to look at the FY numbers

Telkom CEO on the decision to suspend dividend policy for 3 years

MultiChoice FY profits jumps, add 900K new subscribers

Capital Appreciation’s Bradley Sacks on COVID-19 impact on business

Tsogo Sun Hotels FY profits plunge, COVID-19 lock-downs weigh

Nampak swings into H1 loss, suffers R3bn impairment

The harsh taste of COVID-19 on Famous Brands

COVID-19 mutes Momentum Metropolitan’s upward curve

Afrimat FY HEPS surge, withholds final dividend

News Tips

Advertise With Us

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