[ON AIR] @Nolu_MM speaks to the CEO of African Rainbow Minerals, Phillip Tobias about the company's results.
Interim revenue for the company fell by almost 30% to R6.6 billion while net profit plunged 93% to R362 million in the six months ended December.
The group does not expect any significant commodity price increases during this year while global investor sentiment remains depressed.
#POWERBusiness
[ON AIR] @nolu_mm speaks to Brimstone CEO, Mustaq Brey about the company's results.
The Group reported a profit for the year of R421.9 million, a 30% increase from R324.5 million in the prior year. This increase in profit is mainly due to strong performance by its major associate Oceana Group, the largest fishing company in Africa, which contributed R366.4 million, an increase of R171 million compared to the prior year.
Total assets increased by 5% to R12.3 billion from R11.7 billion in the prior year. Net asset value per share increased to R14.57 per share from R13.40 per share at prior year end. Brimstone declared a dividend of 40 cents per share, up from 33 cents per share in the previous year.
#POWERBusiness
[ON AIR] @nolu_mm speaks to Chief Economist at RMB, Isaah Mhlanga about the latest RMB/BER Business Confidence Index.
Following a two-point decline in the fourth quarter of 2023, the BCI ticked down by another point to reach 30 in the first quarter of 2024. This means that seven out of ten survey respondents are unsatisfied with prevailing business conditions.
#POWERBusiness
[Podcast] My interview last night on @Powerfm987#PowerSuit with @Nolu_MM talking: Entrepreneurship, African Creative Economy, business growth, family, life and @Avatar_ZA Absa client's brand launch #YourStoryMatters
https://t.co/BiaYdaOmdu
Hi @Nolu_MM, please ask your guests about a draft Bill, if there's any, that calls for equal pay for women in sports. Last I heard it was at public commenting stage.
#POWERBusiness
@paramountco has inked a deal that will see its @paramountplus streaming platform launched and pushed through @MultiChoiceGRP in Africa
I joined @BusinessDayTV's @Nolu_MM to highlight why this deal is important and where it fits into the broader strategy
https://t.co/n7grhlRhqC
Just finished wrapping up the week’s top technology and business news/stories for the week on the Friday edition of @Powerfm987’s #POWERBusiness show with @Nolu_MM
On the bill
- National budget cuts for ICT in 2024
- @SEACOM’s expansion in East & West Africa
- and….MultiChoice
Some of the reasons Nelson Mandela became a worldwide hero while Robert Mugabe became a universal villain have to do with their actions in Zaire/DRC in the 1990s🧵
Sponsored
Minister of Finance, Enoch Godongwana presented the #BudgetSpeech2024 today.
@Nolu_MM is joined by the CEO of Telkom Consumer and Small Business Division, Lunga Siyo for a special in-studio post-budget statement panel discussion. He will also discuss how Telkom Business products and services support SMEs' growth and thrive. #POWERBusiness #TelkomBusiness #BacktoBusiness