Fuzile Consultants

03/07/2024

Today we attended the SAB Zenzele Day event at the South African Breweries offices in Sandton.

SAB Zenzele Kabili is one of South Africa's most talked-about BEE share schemes. It is also the largest B-BBEE scheme in the country's fast-moving consumer goods sector.🍻🥂
https://support.easyequities.co.za/support/solutions/articles/13000087264-sab-zenzele-kabili-holdings-rf-limited-verification-and-investment-process

Shares of SAB Zenzele are available for qualifying investors on , where investors can invest any amount. 🙌

www.easyequities.co.za |

28/04/2024

15/08/2022

Financial services group Absa on Monday published interim financial results for the period ended June 2022 showing that headline earnings increased by 30%, and diluted headline earnings per share (HEPS) grew 29.8% to 1 278.4 cents per share.

South Africa’s economic performance post-Covid-19 has been volatile, but generally stronger than expected, Absa said.

The group’s RoE improved to 16.6% from 13.9% and its return on average assets was 1.31% from 1.06%. Revenue grew 14% to R47 billion and total assets increased 11%.

Gross loans and advances grew 11% to R1.2 billion, while deposits rose 10%.

Absa declared an ordinary dividend of 650 cents per share, up 110% from 310 cents.

Credit impairments rose 10% to R5.2 billion, resulting in a 0.91% credit loss ratio from 0.88%, while the net asset value (NAV) per share grew 9% to 15 668 cents.

Absa is active in 15 countries, boasting 1,009 outlets and 35,074 employees.

For South Africa, which contributes 84% of group earnings, headline earnings grew 29%, driven by 21% higher pre-provision profit. Total revenue increased 13%, with non-interest income up 19% and net interest income rising 10%. Operating expenses grew 5%, resulting in a 48.8% cost-to-income ratio from 52.4%.

12/08/2022

Telkom SA SOC Ltd has received no offer or proposal from South Africa’s Rain to merge, the partly state-owned telecom company said in response to a statement from its smaller rival.

Internet provider Rain said earlier Thursday it had asked to pitch a tie-up to rival Telkom to become a third major operator in the country, a challenge to a takeover proposal from MTN Group Ltd that’s being discussed.

Rain’s largest shareholders include investment vehicles owned by billionaire Patrice Motsepe and former banking executive Michael Jordaan.

“Telkom notes the media statement by rain titled ‘Rain proposes merger with Telkom’,” the company said in e-mailed answers to questions. “Telkom can confirm that no offer or proposal has been received.”

The country’s Takeover Panel told Rain to retract the statement as it didn’t have prior approval.

Telkom shares gained 5.9% as of 16:14 p.m. in Johannesburg, valuing the company at R24 billion ($1.5 billion).

MTN announced talks to buy Telkom last month in a deal that would create the biggest South African mobile-phone operator by number of subscribers. The move faces antitrust hurdles as it would create an effective duopoly, a challenge Rain said would not be an issue under its plan.

01/04/2022

Capitec has introduced a rewards programme and implemented fee increases as it focuses on becoming a fully-fledged bank. Capitec has always marketed itself a