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05/03/2025

STANDARD BANK TO REFUND R 1.2 BILLION TO ALL CLIENTS SOON. SB admitted as follows:-" Service Fees & Insurance are added to the outstanding balance and interest is added to the outstanding balance". These two entries does not form part of Principle Debt and cannot bear interest.

MASSIVE CASH BOOM FOR HARMONY GOLDHarmony Gold has announced a record interim dividend of 227 cents per share, significa...
05/03/2025

MASSIVE CASH BOOM FOR HARMONY GOLD

Harmony Gold has announced a record interim dividend of 227 cents per share, significantly up from 147 cents last year, thanks to a strong gold price rally.

This results in a total payout of R1.44-billion, reflecting impressive cash generation. The gold price surged by 23%, boosting Harmony's operating free cash flow by 46% to R10.3-billion.

Despite facing production challenges and economic uncertainties, the company reported a net cash position of R7.2-billion. Headline earnings per share (HEPS) rose 33% to R12.70, supported by a 19% increase in gold revenue.

Looking ahead... tinyurl.com/bdd7jw98

(Pictured - Harmony Gold Group CEO, Beyers Nel)

CASHBUILD REPORTS R6BN IN REVENUECashbuild, a leading building materials retailer in South Africa, reported a 5% revenue...
05/03/2025

CASHBUILD REPORTS R6BN IN REVENUE

Cashbuild, a leading building materials retailer in South Africa, reported a 5% revenue growth, reaching R6.1-billion for the six months ending in December.

Headline earnings per share also rose by 4% to 572.8 cents. Despite these positive figures, the company faced a tough economic climate, with operating profit increasing significantly but declining by 7% when adjusted for prior impairment losses.

Cashbuild maintained its interim dividend at 326 cents per share. The retailer operates 318 stores, primarily serving cash-paying customers, and opened three new locations while closing seven underperforming ones.

Looking ahead... tinyurl.com/2x5a4cvx

(Pictured - Cashbuild CEO, Werner de Jager)

RECORD GROWTH FOR DISCOVERY BANK Discovery Bank has reported remarkable growth for the second half of 2024, with revenue...
05/03/2025

RECORD GROWTH FOR DISCOVERY BANK

Discovery Bank has reported remarkable growth for the second half of 2024, with revenue soaring by 42% to R1.1-billion.

This impressive rise was fuelled by a 32% increase in customers, hitting 1.09 million, and a 35% jump in accounts to 2.61 million. Originally targeting one million clients by 2026, the bank reached this milestone much earlier in August.

Operating profit improved significantly, moving from a loss of R154-million to a profit of R69-million, while overall operational losses decreased by 57%. Key metrics showed robust performance, including a 47% increase in payment volumes.

With its innovative rewards programme and strong digital integration, Discovery Bank is poised for continued success in the competitive banking landscape... tinyurl.com/2ybjrfvy

(Pictured - Discovery Bank CEO, Hylton Kallner)

CURRO REPORTS MILLIONS IN PROFIT Curro, South Africa's largest independent school operator, has raised its final dividen...
05/03/2025

CURRO REPORTS MILLIONS IN PROFIT

Curro, South Africa's largest independent school operator, has raised its final dividend by 13% as it reported solid earnings despite only marginal growth in pupil numbers for 2024.

Revenue increased by 8% to R5.1-billion, and profit after tax tripled to R97-million, while the number of learners grew by just 1%. Despite ongoing pressures on families, Curro improved its margins and reduced school impairments.

The company plans to invest R660-million in 2025 and has continued share buybacks. Notably, Curro's learners achieved remarkable success in academics and sports, including Olympic medalist Bayanda Walaza.

CEO Cobus Loubser (pictured) highlighted the group's commitment to educational excellence, signaling confidence in future growth despite economic challenges.

NEDBANK POSTS RECORD PROFITNedbank Group has achieved a record profit of R16.9-billion, marking an 8% increase in headli...
05/03/2025

NEDBANK POSTS RECORD PROFIT

Nedbank Group has achieved a record profit of R16.9-billion, marking an 8% increase in headline earnings.

This strong performance allowed the bank to declare a final dividend of R11.04 per share, totalling R20.75 for the year. The growth came despite a slowdown in net interest income due to a 50 basis point cut in the benchmark interest rate.

However, increased transaction and service fees significantly boosted revenue. Improvements in credit quality led to lower impairments, dropping from R9.61 billion to R8-billion. Looking ahead... tinyurl.com/bdd45jdk

(Pictured - Nedbank Group CEO, Jason Quinn)

DISCOVERY REPORTS BILLIONS IN PROFIT Discovery Holdings has reported a remarkable financial performance for the first ha...
05/03/2025

DISCOVERY REPORTS BILLIONS IN PROFIT

Discovery Holdings has reported a remarkable financial performance for the first half of its financial year, with a 34% increase in headline earnings, reaching R4.27 billion.

Normalised profit from operations rose by 27% to R7.02 billion, thanks to strong growth across its business units. The company declared an interim dividend of 87 cents per share, reflecting its success.

While the UK market faced challenges, demand for private health insurance remained strong. In South Africa... tinyurl.com/mvd3kfmt

(Pictured - Adrian Gore, CEO of Discovery)

27/01/2025

A look at Reinet’s NAV update and the significant trading discount, plus insights into the market reaction following Foschini’s trading update and shifts in sentiment around SA Inc stocks.

23/01/2025

We're BACK!!!

More alive more insights more money!!!

21/01/2025

Luno's Christo de Wit explains how and why meme coins are listed on Ethereum or Solana.

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