News

Primeserv Group FY 2024: Revenue Up 18%, EPS Soars 39%, Dividend Rises 43%

Business News, Capital Markets, Investing News, Stock Market / Lethabo Ntsoane

Primeserv Group reports an 18% increase in revenue to R950.6 million for FY 2024.
Earnings per share (EPS) surged by 39%, reaching 32.57 cents.
The company declared a 43% higher dividend of 10.00 cents per share.

Primeserv Group FY 2024: Revenue Up 18%, EPS Soars 39%, Dividend Rises 43% Read More »

Advance Health Acquisition

Sephaku Holdings’ Metier Acquires Phoenix Property for R21 Million

Business News, Capital Markets, Investing News, Stock Market / Lethabo Ntsoane

Sephaku Holdings’ subsidiary, Metier, acquired Phoenix Property in Phoenix Industrial Park for R21 million.
The acquisition secures Metier’s operational hub and offers rental income opportunities.
Sephaku Holdings aims for cost-effective growth in South Africa’s construction materials sector.

Sephaku Holdings’ Metier Acquires Phoenix Property for R21 Million Read More »

SepHold FY 2024: Revenue Up 19%, Net Profit Up 158%

Capital Markets, Finance News, Investing News, Stock Market / Lethabo Ntsoane

SepHold reports 19% increase in FY 2024 revenue, reaching R1,164 million.
Net profit after tax jumps 158% to R67 million compared to FY 2023.
Métier and SepCem show significant improvements in EBITDA and profitability.

SepHold FY 2024: Revenue Up 19%, Net Profit Up 158% Read More »

South Africa Employment Dips 0.6% in Q1 2024: Industry Insights

Economy / Lethabo Ntsoane

Total employment in South Africa decreased by 67,000 jobs, or 0.6%, in Q1 2024.
Industries like trade, community services, and mining saw significant job losses.
Gross earnings fell by R35.1 billion, while average monthly earnings showed a slight decrease.

South Africa Employment Dips 0.6% in Q1 2024: Industry Insights Read More »

financial advisor

RECM and Calibre Limited Reports Sharp Declines in 2024 Financial Performance

Business News, Capital Markets, Finance News, Investing News, Stock Market / Lethabo Ntsoane

Financial Declines: Net asset value per share drops to R14.15 from R14.66.
Earnings Plunge: Headline and basic earnings per share show a loss of 51 cents.
Profit Loss: Income falls to R1,548,259; net profit before tax turns to a loss of R25,546,495.

RECM and Calibre Limited Reports Sharp Declines in 2024 Financial Performance Read More »

Land Transport Trends: Freight Volumes Drop 6.5%, Passenger Journeys Surge 38.1% in April 2024

Economy / Lethabo Ntsoane

Freight volumes declined by 6.5% in April 2024 compared to April 2023, with income slightly down.
Income from freight transportation rose by 2.1% in the three months ending April 2024.
Passenger journeys soared by 38.1% in April 2024, accompanied by a 17.1% income increase.

Land Transport Trends: Freight Volumes Drop 6.5%, Passenger Journeys Surge 38.1% in April 2024 Read More »

Tourist Accommodation Sector Thrives: 7.0% Income Surge in April 2024

Economy / Lethabo Ntsoane

Tourist accommodation income rose by 7.0% in April 2024, driven by increased stay unit nights and higher average income.
Hotels and ‘other’ accommodations were major contributors to the income growth.
Quarterly performance showed a 9.1% increase, with hotels leading the surge

Tourist Accommodation Sector Thrives: 7.0% Income Surge in April 2024 Read More »

AGM

Gemfields Group Reports Strong Shareholder Support with 67.30% Attendance at AGM

Business News, Capital Markets, Finance News, Investing News, Stock Market / Lethabo Ntsoane

Gemfields’ AGM on June 25, 2024, saw 67.30% shareholder attendance.
Most resolutions, including director re-elections, received strong support.
Special resolution on share issuance did not meet required shareholder majority.

Gemfields Group Reports Strong Shareholder Support with 67.30% Attendance at AGM Read More »

Brait PLC Reports Strong Financial Year with Key Assets Showing Robust Growth and Profitability

Business News, Capital Markets, Finance News, Investing News, Stock Market / Lethabo Ntsoane

Brait PLC’s FY 2024 results showcase impressive growth and profitability across key assets.
Virgin Active’s EBITDA surged to £80 million, up from £33 million in September 2023.
Premier recorded a 19% EBITDA growth to R2.1 billion, with a leverage ratio of 0.9x.

Brait PLC Reports Strong Financial Year with Key Assets Showing Robust Growth and Profitability Read More »

kore potash

Kore Potash Progresses EPC Negotiations with PowerChina, Plans for July Session

Business News, Capital Markets, Finance News, Investing News, Stock Market / Lethabo Ntsoane

Kore Potash advances negotiations with PowerChina for Kola project EPC contract.
Key discussions held in Beijing, further session planned for early July.
Funding requirements highlighted for working capital and project construction financing.

Kore Potash Progresses EPC Negotiations with PowerChina, Plans for July Session Read More »