Discovery Health Medical Scheme (DHMS) will postpone its planned premium increases for another five months. Read more.
Tags : south african markets
ales for the five-month period ending February 28, 2022 (the "Period") increased 2.3%, primarily due to exceptional growth in machinery and parts sales in Greater Africa. Read 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.
Shareholders are advised that Old Mutual has received formal notification that BlackRock Inc. has acquired an aggregate interest in the Company's common stock. Read more.
As disclosed in the Group's 2021 financial statements, on 29 October 2021 the Group received a second interim payment of R250 million (including VAT) from the South African Special Risks Insurance Association ("SASRIA") under its political risk insurance claim relating to the July 2021 civil unrest. Read more.
2021 was a year of recovery for the Glencore Merafe Pooling and Sharing Venture, both from a financial and operational perspective. Read more.attacq
JSE-listed automotive components and energy storage solutions manufacturer Metair Investments will invest more than R700 million in its automotive components business in South Africa this year. Read more.
Total sales decreased by 4.8% to R6.38 billion, compared to R6.70 billion in the same period of the previous year. Operating profit decreased by 4.3% to R4.24 billion compared to R4.43 billion in the comparative period. Read more.
Gross inflows increased 4% to R194.8 billion due to strong inflows into Old Mutual Investments and Wealth Management. Life APE sales increased 16% to R11.4 billion due to a strong recovery in sales as a result of improved productivity levels. Read more.
Remgro's results for the six months ended 31 December 2021 ("Current Period") are expected to be released on or about 24 March 2022 via the Stock Exchange News Service ("SENS"). Read more.
Standard Bank Group Limited (SBG or Group) increased its profit by 57% to R25.0 billion in the twelve months to 31 December 2021 (FY21), driven by a recovery in customer activity, an improvement in customer balances and real growth in our underlying business. Read more.
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.
