Stock Market Archives | Page 8 of 14

Gold Fields Limited Announces CFO Retirement and Leadership Transition

Gold Fields Limited announced the retirement of CFO Mr. Paul Andy Schmidt, effective from April 30, 2024.
Mr. Alex Dall appointed as Interim CFO starting May 1, 2024, ensuring a smooth transition in leadership.
The process to appoint a permanent CFO is in its final stages, with an announcement expected soon.

Southern Palladium’s Bengwenyama project showcases strong financial viability with an NPV of US$700 million and an IRR of 21%.
The company’s leadership, including the appointment of Mr. Roger Baxter as Non-Executive Chairman, signifies strategic governance enhancements.
Environmental sustainability remains a priority, evidenced by ongoing Environmental Impact Assessment (EIA) efforts for the Bengwenyama project.

Cashbuild Limited appoints Hanré Bester as Chief Financial Officer, enhancing financial leadership and governance.
Hanré Bester’s background in finance, taxation expertise, and strategic insights are assets for Cashbuild.
Expectations are high for Bester’s impact on financial operations, compliance, and driving growth at Cashbuild.

MC Mining Limited, previously Coal of Africa Limited, underwent a leadership change with Mr. Nhlanhla Nene’s resignation as Chairman.
Challenges during the pandemic led to financial restructuring, including a rights issue that revitalized key coal projects.
The company’s strategic realignment and enhanced stakeholder value position MC Mining for sustained growth and success.

Clicks Group’s interim results demonstrate strong financial growth and resilience in a challenging market environment.
Key highlights include increased turnover, margin expansion, and strategic initiatives for future growth and profitability.
The company’s commitment to shareholders is evident through higher dividends and a positive outlook for earnings growth.

Copper 360 Limited faces suspected market manipulation due to unusual trades, leading to price drops and legal inquiries.
The company takes legal steps, requesting investigations by the FSCA and initiating an inquiry under the Companies Act.
Potential consequences include loss recovery, criminal charges, and implications for investors, regulators, and market integrity.

Trustco Group Holdings Limited acquires additional interest in Legal Shield Holdings Limited, signaling strategic expansion.
The acquisition aims to increase net asset value, benefit from post-Covid capital growth, and simplify investment portfolios.
Legal Shield Holdings’ financial performance and land portfolio contribute significantly to Trustco’s growth strategy.

Mondi plc achieved revenues of €7.3 billion and underlying EBITDA of €1.2 billion in 2023, showcasing strong financial performance.
The final dividend payout of 46.67 euro cents per ordinary share for 2023 reflects Mondi’s commitment to shareholder value.
Shareholders in the UK will receive the dividend in sterling, while South African shareholders will receive it in rand cents.

Hulamin Limited’s Equity-Settled Conditional Share Plan aligns executive compensation with long-term shareholder value creation, fostering sustainable growth.
Recent awards of Performance Shares and Bonus Shares to directors and key executives demonstrate confidence in the company’s prospects.
Adherence to regulatory requirements and a culture of performance-based rewards underpin Hulamin’s commitment to transparency and good governance.

Sasol Limited’s mining sector saw a slight decrease in saleable production but an improvement in mining productivity.
The gas sector witnessed growth in production volumes, particularly in Mozambique, and increased sales in South Africa.
Sasol’s financial hedging strategies include zero-cost collar instruments, ethane swap options, and Brent crude oil put options