Automotive holdings company Motus has sited its fears in the wake of the coronavirus outbreak in China as this will directly impact global economies and further weaken emerging markets. The company posted a group revenue increase of 7 per cent to R41.95 billion and a headline earning gain of 9 per cent to 517 cents per share for its interim 2019 results and also warns of domestic pressures moving forward. Joining CNBC Africa for more is Osman Arbee, CEO of Motus Holdings.
One of Africa's largest alcoholic drinks unit, Distell, says is likely to hold off on further investments in Zimbabwe until signs of currency relief. Distell posted a 1.8 per cent drop in full-year profit, headline earnings per share are down 1.7 per cent to 656.4 cents compared with 688.2 cents a year ago. Joining CNBC Africa for more is Richard Rushton, CEO, Distell.
For their maiden set of results this automotive holding company, Motus, revenue came close to R40 billion for the interim period. Headline earnings per share were reported at 456 cents per share. Joining CNBC Africa for more is Osman Arbee, CEO, Motus.
Black South African investors looking to trade their shares in MultiChoice and Media24’s broad-based black economic empowerment schemes, Phuthuma Nathi and Welkom Yizani or Motus’ Ukhamba 2 can now do so on Equity Express Securities Exchange. Anthony Wilmot, CEO of Equity Express Securities Exchange joins CNBC Africa for more.
African transport group Imperial has just announced details of its restructuring, this is what you need to know…
South African transport group Imperial Holdings will spin off and separately list its auto dealership business, Motus.