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ADVTECH LIMITED – Results, and more

Revenue increased by 8% to R5 917 million from R5 499 million in the corresponding period last year. Operating profit before interest and non-trading items increased by 22% to R1 108 million from R908 million in the previous year. Read more.

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South African News and Market Update: NEDBANK GROUP LIMITED –

Nedbank Group's financial results for 2021 reflect a strong recovery from a low base in 2020. Total income (HE) increased 115% to R11.7 billion in 2021, but is still 7% below 2019 levels. HE Growth was driven by significantly lower impairments, a higher net interest margin, a recovery in NIR growth, disciplined cost management and stronger financial performance from our investment in ETI. Key drivers of shareholder value creation were also positive, with net asset value per share up 11%, ROE improving to 12.5% (2020: 6.2%) and full year dividends of 1,191 cents per share at 2.02 times cover. Read more.

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South African News and Market Update: M&R’s R61.1 billion order

Daily Market 360JSE-listed multinational engineering and construction company Murray & Roberts (M&R) expects its already substantial R61.1 billion order book to continue to grow, boosting both revenue and profit over the next three years. Group CEO Henry Laas said Thursday that it is a "phenomenal order backlog" and stressed the critical importance of an order backlog for an engineering and construction company. "Without an order backlog, there is no business, so we place great emphasis on our order backlog and pipeline. "We expect revenue and profit to grow over the next three years, and

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