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Hudaco Industries Reports 6.3% Revenue Drop in H1 2024

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

Revenue Decline: Hudaco’s revenue fell by 6.3% to R3,983 million in H1 2024.
Profit Decrease: Operating profit decreased by 11.0% to R414 million.
Dividend Stability: Interim dividend remains steady at 325 cents per share.

Hudaco Industries Reports 6.3% Revenue Drop in H1 2024 Read More »

SA Quarterly Capital Expenditure Declines in Q1 2024

Economy / Lethabo Ntsoane

Q1 2024 capital expenditure on new assets totaled R83.2 billion, down 12.4% from Q4 2023.
Year-on-year, capital expenditure increased by 2.8%, with notable growth in construction and IT equipment.
Plant, machinery, and equipment dominated spending, constituting 62.4% of total expenditure in Q1 2024.

SA Quarterly Capital Expenditure Declines in Q1 2024 Read More »

PBT Group Reports 3% Revenue Growth in FY2024, Declares Dividend

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

Financial Performance: Revenue up 3%, EBITDA down 5.6%, dividend declared.
Distribution Details: 34 cents per share total distribution declared.
AGM and Compliance: AGM on August 2, B-BBEE compliance report available.

PBT Group Reports 3% Revenue Growth in FY2024, Declares Dividend Read More »

South Africa’s PPI Drops to 4.6% in May, Down from 5.1% in April

Economy / Lethabo Ntsoane

Producer Price Index (PPI) in South Africa fell to 4.6% in May, down from 5.1% in April.
This decline reflects easing inflationary pressures in the manufacturing sector.
Economists attribute the drop to lower fuel prices and stable exchange rates.

South Africa’s PPI Drops to 4.6% in May, Down from 5.1% in April Read More »

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 »