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<p>African Bank went from a profit to a loss for the year ended September 2020. However, even under a subdued economy, the bank extended its customer value proposition and actively diversified its funding base. African Bank CFO, Gustav Raubenheimer joins CNBC Africa for more.</p>


African Bank swings into loss as pandemic hits economy

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<p>Rwanda’s leading cement manufacturer Cimerwa PPC has posted a 1 per cent profit-after-tax according to the company’s 2020 financial statement largely attributed to fourth quarter bounce back of the construction sector. Albert Sigei, CEO, Cimerwa PPC joins CNBC Africa for more.</p>


Cement manufacturer Cimerwa sees small FY profit as revenues improve

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<p>Eskom made a profit of R83 million, in the six months ended September. This is compared to a R1.9 billion loss in the previous comparable period. However, Eskom expects its performance to deteriorate in the second half of the financial year, due to lower demand in the summer season. Eskom CEO, Andre de Ruyte joins CNBC Africa for more.</p>


Eskom H1 results with CEO Andre de Ruyte

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<p>Sygnia’s headline earnings per share have climbed 67per cent, with the company raising its total dividend by 83 per cent. Assets under management and administration rose 6 per cent, amounting to R251.8 billion as at 30 September 2020. Sygnia CEO, Magda Wierzycka joins CNBC Africa for more.</p>


Sygnia sees 67% jump in earnings

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<p>South Africa&#8217;s biggest cement maker PPC has reported a 41 per cent decline in headline earnings per share. This is for the six months ended September. The group has opted not to declare a dividend. On the bright side, cement sales have rebounded since June. PPC is also beginning to experience the positive impact of increased infrastructure spending. PPC CEO, Roland van Wijnen joins CNBC Africa for more.</p>


PPC H1 HEPS down 41%

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<p>Wescoal’s headline earnings per share have risen to 3.3 cents. This is compared to a loss of 11.9 cents in the previous comparable period. Wescoal’s performance was largely driven by a solid operational turnaround strategy in the Mining division. No interim dividend has been declared. Wescoal CEO, Reginald Demana joins CNBC Africa for more.</p>


Wescoal CEO Reginald Demana on interim results & outlook

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<p>According to a recent survey of 50 African asset-managers; governance, good regulation and the availability of market data play fundamental roles in investment decision making. Optimally functioning African capital markets are crucial in driving investment flows into the continent. Thapelo Tsheole, CEO of the Botswana Stock Exchange &#038; Deputy President of African Securities Exchanges Association joins CNBC Africa for more.</p>


ASEA’s Thapelo Tsheole on how to unlock Pan-African investment flows

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<p>Ellies has returned to profit, reporting a jump of 181.6 per cent in headline earnings per share in the interim. This is from a headline loss per share of 2.91 cents.</p>


Ellies returns to profitability in difficult environment

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<p>Alexander Forbes has reported a 6 per cent improvement in headline earnings per share from continuing operations. Assets under administration and assets under management rose 3 per cent year-on-year, owing to higher market returns and an increase in new business flows. Alexander Forbes CEO, Dawie de Villiers joins CNBC Africa for more.</p>


Alexander Forbes CEO Dawie de Villiers explains how the virus has impacted the group

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<p>Oceana has reported a 15 per cent rise in headline earnings per share. This is for the year ended September. The company has declared a final dividend of 293 cents, up 22 per cent from last year. Joining CNBC Africa for more is Imraan Soomra, CEO of Oceana.</p>


Oceana reports 15% increase in headline earnings

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<p>Coming out with results for the year ended July, EOH reported that the total headline loss per share narrowed by 72 per cent. As the company positioned itself for growth, gross debt fell by 20 per cent year-on-year. Megan Pydigadu joins CNBC Africa for more.</p>


EOH shows signs of recovery

EOH shows signs of recovery, here’s where the company sees growth opportunities

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<p>Nampak has reported a headline loss of 78 cents per share, for continuing operations. This is compared to headline earnings of 54 cents per share in 2019. Lockdowns impacted progress in restructuring initiatives. And group results were adversely affected by the currency devaluation of the Zimbabwe dollar and hyperinflation.  Nampak CEO, Erik Smuts joins CNBC Africa for more.</p>


Nampak reports operating loss and reduces debt in challenging period

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<p>Redefine’s top priority during the year under review was to address the group’s loan-to-value ratio. However; due to the destructive impact of COVID-19, there is still more work to be done to achieve a sub-40 per cent LTV by August next year. Redefine Properties CEO, Andrew Konig joins CNBC Africa for more.</p>


Redefine Properties: More work to be done on LTV amid COVID-19 headwinds

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<p>Vukile Property Fund has reduced debt by R1.5 billion, for the six months ended September. The company has provided extensive tenant relief in Southern Africa and Spain. The rental collection rate in Southern Africa was at 95 per cent and 90 per cent in the Spanish portfolio. Vukile Property Fund CEO, Laurence Rapp joins CNBC Africa for more.</p>


Vukile provides extensive COVID-19 tenant relief

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<p>Invicta’s headline earnings per share from continuing operations have remained flat, dropping 1 per cent. The company’s net asset value per share fell 11 per cent. An interim dividend has not been declared, given the possibility of a second wave of Covid-19 infections. Invicta CEO, Steven Joffe joins CNBC Africa for more.</p>


Invicta withholds dividend amid COVID-19 uncertainties

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<p>Barloworld reported a basic headline loss of 268 cents per share, for the year ended September. This is from headline earnings of 1 100 cents per share, in the prior comparable period. Automotive revenue fell 15 per cent, and logistics revenue declined by 27 per cent. Barloworld CEO, Dominic Sewela joins CNBC Africa for more.</p>


Barloworld reports headline loss due to pandemic

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<p>The Development Bank of Southern Africa (DBSA) has released its results, for the six months ended September. Development loan disbursements amounted to R9.1 billion, a more than 155 per cent increase from the prior comparable period. The bank continues to play an important role in South Africa’s infrastructure development. DBSA CFO, Boitumelo Mosako joins CNBC Africa for more.</p>


heps

African Bank swings into loss as pandemic hits economy

Cement manufacturer Cimerwa sees small FY profit as revenues improve

Eskom H1 results with CEO Andre de Ruyte

Sygnia sees 67% jump in earnings

PPC H1 HEPS down 41%

Wescoal CEO Reginald Demana on interim results & outlook

ASEA’s Thapelo Tsheole on how to unlock Pan-African investment flows

Ellies returns to profitability in difficult environment

Alexander Forbes CEO Dawie de Villiers explains how the virus has impacted the group

Oceana reports 15% increase in headline earnings

EOH shows signs of recovery, here’s where the company sees growth opportunities

Nampak reports operating loss and reduces debt in challenging period

Redefine Properties: More work to be done on LTV amid COVID-19 headwinds

Vukile provides extensive COVID-19 tenant relief

Invicta withholds dividend amid COVID-19 uncertainties

Barloworld reports headline loss due to pandemic

DBSA loan disbursements rise by more than 155%

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Advertise With Us

heps

African Bank swings into loss as pandemic hits economy

Cement manufacturer Cimerwa sees small FY profit as revenues improve

Eskom H1 results with CEO Andre de Ruyte

Sygnia sees 67% jump in earnings

PPC H1 HEPS down 41%

Wescoal CEO Reginald Demana on interim results & outlook

ASEA’s Thapelo Tsheole on how to unlock Pan-African investment flows

Ellies returns to profitability in difficult environment

Alexander Forbes CEO Dawie de Villiers explains how the virus has impacted the group

Oceana reports 15% increase in headline earnings

EOH shows signs of recovery, here’s where the company sees growth opportunities

Nampak reports operating loss and reduces debt in challenging period

Redefine Properties: More work to be done on LTV amid COVID-19 headwinds

Vukile provides extensive COVID-19 tenant relief

Invicta withholds dividend amid COVID-19 uncertainties

Barloworld reports headline loss due to pandemic

DBSA loan disbursements rise by more than 155%

News Tips

Advertise With Us

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