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<p>Dis-Chem has deferred its final dividend, opting to preserve cash in light of the uncertainties of Covid-19 and to potentially use the money to fund its R430 million acquisition of Baby City.</p>


Dis-Chem defers annual dividend

Dis-Chem defers annual dividend, unveils plans for Baby City

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<p>Residential property owner Indluplace Properties has reported that although rental collections were in excess of 85 per cent for April and over 70 per cent for May.</p>


Indluplace CEO: How the COVID-19 crisis is hurting property values

Indluplace CEO: How the COVID-19 crisis is hurting property values, revenue

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<p>Astral Foods has become the latest South African company not to declare an interim dividend as Covid-19 plucked the feathers of certainty for the poultry business. Astral increased first half revenue by 4 per cent but profits were flat. Astral CEO, Chris Schutte joins CNBC Africa for more.</p>


Astral CEO: How the weak rand could solve cheap chicken imports problem

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<p>Calgro M3 is confident on the outlook for its memorial parks business where annual revenue grew over 22 per cent to R25.7 million. The property developer also reported strong cash flow and said its balance sheet was strong to withstand the uncertainty of Covid-19. CNBC Africa spoke to Calgro M3 CEO, Wikus Lategan and asked if he was concerned about the 50 per cent plunge in the share price on the day the company released its annual results.</p>


Calgro M3 CEO on results

Calgro M3 CEO on results, achieving sustainability amid Covid-19 crisis

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<p>Balwin Properties has followed in the steps of other property companies and has not declared a full year dividend due to uncertainty amid the Covid-19 crisis. Group revenue increased by 11 per cent whilst profit and headline earnings per share dropped by 9 and 8 per cent respectively. Balwin Properties CEO, Steve Brookes joins CNBC Africa for more.</p>


Balwin Properties CEO: Now is a good time to buy

Balwin Properties CEO: Now is a good time to buy, here’s why

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<p>Dipula Income Fund has deferred its decision on declaring an interim dividend until the release of its full year results in August. The company has reported a headline earnings per share decline of 5.6 per cent and saw a vacancy drop of 27.5 per cent. Dipula Income Fund CEO, Izak Petersen joins CNBC Africa for more.</p>


Dipula Income Fund CEO: How COVID-19 is impacting the business

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<p>Long4Life increased annual profits by 13 per cent to 43.8 cents as demand for its lifestyle brands in sports, recreation and personal beauty grew. But since its financial year-end in February, things have taken a turn for the worst because of Covid-19 lock-down restrictions. Long4Life CEO Brian Joffe joins CNBC Africa for more.</p>


Long4Life’s plan to manage tomorrow

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<p>Altron has seen an increase of 6 per cent and 2 per cent in its group revenue and headline earnings respectively for its year ended results. The company is committed to preserve cash during the uncertain COVID-19 economic climate and has declared a dividend that is 40 per cent less than what they would have declared, its 24 per cent decrease at 55 cents per share. Joining CNBC Africa for more is Mteto Nyati, CEO of Altron.</p>


Altron slashes dividend

Altron slashes dividend, freezes salaries in response to COVID-19

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<p>Vehicle recovery and data analytics company, Cartrack has positioned themselves to declare a dividend from profits generated during the financial year amid the COVID-19 global crisis. The company has declared a dividend of 54 cents per share and has seen an increase of 94 per cent of cash generated from operating activities. Joining CNBC Africa for more is Zak Calisto, CEO of Cartrack.</p>


Cartrack CEO on how the company is navigating COVID-19 shocks

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<p>Airtel Africa announced their 2019-2020 financial results that saw an 11.2 per cent revenue increase but is their current business module sustainable in a post COVID-19 environment, CNBC Africa spoke to the CEO of Airtel Africa, Raghunath Mandava for more.</p>


Airtel Africa sees increase in FY revenue

Airtel Africa sees increase in FY revenue, remains bullish on Africa’s outlook

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<p>South Africa taxi owner, Transaction Capital is not paying an interim dividend as it braces itself for the future impact of Covid-19 on cash-flow. The company also believes that it is in a good position for the transition into normal operating activities once the lock-down restrictions are eased. Transaction Capital CEO, David Hurwitz joins CNBC Africa for more.</p>


Transaction Capital CEO on COVID-19 & its impact on SA’s taxi industry

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<p>Pick and Pay was not the grocer of choice on the stock market today with the share price tumbling over 13 per cent after it reported a drop in annual profits, mainly due to challenges in Zimbabwe and Zambia. The retailer also said it would defer its annual dividend to preserve cash due to the complexities of Covid19. Pick n Pay CEO, Richard Brasher joins CNBC Africa for more.</p>


Pick and Pay eyes further expansion for Boxer stores

Pick n Pay eyes further expansion for Boxer stores

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<p>Life Healthcare has scrapped its interim dividend to preserve cash and warned of tough trading conditions due to the impact of the coronavirus pandemic on its business operations. The private hospital group expects a more than 20 per cent drop in earnings per share for its year ending September results, due to less hospital admissions during the outbreak and supply disruptions that have increased operational costs. Adam Pyle, CEO, Life Healthcare Group South Africa joins CNBC Africa for more.</p>


Life Healthcare CEO on H1 results & COVID-19 impact on business


<p>JOHANNESBURG (Reuters) &#8211; South African mobile operator Vodacom Group reported a 8.9% rise in annual earnings on Monday, buoyed by an improved second half performance in its domestic market and the sustained growth of its international businesses.</p>



<p>Headline earnings per share (HEPS) for the full-year ended March rose to 945 cents from 868 cents a year earlier.</p>



<p>HEPS is the main profit measure in South Africa and strips out certain one-off items.</p>



<p>Vodacom, which is majority owned by Vodafone, declared a final dividend of 405 cents per share.</p>



<p>(Reporting by Nqobile Dludla; Editing by Kim Coghill)</p>



<p>This article was first published on Reuters Africa <a href="https://af.reuters.com/article/investingNews/idAFKBN22N0U0-OZABS">https://af.reuters.com/article/investingNews/idAFKBN22N0U0-OZABS</a> and is republished with its permission.</p>


Administrators propose sales plan for SA retailer Edcon, see potential job cuts

South Africa’s Vodacom reports 8.9% jump in full-year earnings

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<p>Agri-business Kaap Agri has iced its interim dividend despite an increase in revenue and profit due to most of its operations trading during the five week COVID-19 lockdown. Kaap Agri CEO, Sean Walsh joins CNBC Africa for more.</p>


Kaap Agri holds on to cash to avoid COVID-19 iceberg

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<p>Despite the tough economic journey that many companies on enduring during these times;  Equites Property Fund has declared a final dividend of 151.39 cents per share which is a growth of 9 per cent from the previous year. The company has also seen growth in its headline earnings per share and its net asset value for the financial year and joining CNBC Africa for more is Andrea Taverna-Turisan, CEO of Equites Property Fund.</p>


Equites CEO on COVID-19 impact on business

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<p>Like many property companies who are allocating its cash wisely during these unprecedented times, Redefine Properties has not declared a dividend for its interim results.</p>


Headline earnings per share

Dis-Chem defers annual dividend, unveils plans for Baby City

Indluplace CEO: How the COVID-19 crisis is hurting property values, revenue

Astral CEO: How the weak rand could solve cheap chicken imports problem

Calgro M3 CEO on results, achieving sustainability amid Covid-19 crisis

Balwin Properties CEO: Now is a good time to buy, here’s why

Dipula Income Fund CEO: How COVID-19 is impacting the business

Long4Life’s plan to manage tomorrow

Altron slashes dividend, freezes salaries in response to COVID-19

Cartrack CEO on how the company is navigating COVID-19 shocks

Airtel Africa sees increase in FY revenue, remains bullish on Africa’s outlook

Transaction Capital CEO on COVID-19 & its impact on SA’s taxi industry

Pick n Pay eyes further expansion for Boxer stores

Life Healthcare CEO on H1 results & COVID-19 impact on business

South Africa’s Vodacom reports 8.9% jump in full-year earnings

Kaap Agri holds on to cash to avoid COVID-19 iceberg

Equites CEO on COVID-19 impact on business

Redefine CEO on the passing of founder Mark Wainer & navigating COVID-19 crisis

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Headline earnings per share

Dis-Chem defers annual dividend, unveils plans for Baby City

Indluplace CEO: How the COVID-19 crisis is hurting property values, revenue

Astral CEO: How the weak rand could solve cheap chicken imports problem

Calgro M3 CEO on results, achieving sustainability amid Covid-19 crisis

Balwin Properties CEO: Now is a good time to buy, here’s why

Dipula Income Fund CEO: How COVID-19 is impacting the business

Long4Life’s plan to manage tomorrow

Altron slashes dividend, freezes salaries in response to COVID-19

Cartrack CEO on how the company is navigating COVID-19 shocks

Airtel Africa sees increase in FY revenue, remains bullish on Africa’s outlook

Transaction Capital CEO on COVID-19 & its impact on SA’s taxi industry

Pick n Pay eyes further expansion for Boxer stores

Life Healthcare CEO on H1 results & COVID-19 impact on business

South Africa’s Vodacom reports 8.9% jump in full-year earnings

Kaap Agri holds on to cash to avoid COVID-19 iceberg

Equites CEO on COVID-19 impact on business

Redefine CEO on the passing of founder Mark Wainer & navigating COVID-19 crisis

News Tips

Advertise With Us

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