Capital Markets

Capitec Bank Q1 FY2025: Strong Capital and Liquidity, Avafin Stake Boost

  • Capitec Bank Holdings reports strong capital adequacy ratios for Q1 FY2025.
  • Liquidity coverage and stable funding ratios exceed regulatory requirements.
  • Acquisition of majority stake in Avafin Holding Limited enhances international presence.

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Mondi plc Announces Non-Executive Director Changes

  • Appointment of Sucheta Govil: Effective October 1, 2024, as an independent non-executive director.
  • Retirement of Dominique Reiniche: Exiting Mondi plc’s board on September 30, 2024, after nine years.
  • Board Changes: Sue Clark becomes Senior Independent Director; Angela Strank chairs Sustainable Development Committee; Anke Groth oversees employee engagement.

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Acsion Limited Posts 21% Revenue Surge and 17% EPS Growth in FY2024

  • Acsion Limited reports a 21% increase in revenue to R1.43 billion for FY2024.
  • Earnings per share rose by 17% to 270 cents, while headline earnings per share decreased by 18%.
  • The company declared a final dividend of 16 cents per share, payable to shareholders.

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Huge Group Limited

Huge Group’s AGM: 74.69% Shareholder Turnout, All Resolutions Approved

  • Strong Shareholder Presence: Huge Group’s AGM had 74.69% of total issued shares represented, showing high shareholder engagement.
  • All Resolutions Approved: Shareholders approved all proposed ordinary and special resolutions with significant majorities.
  • Positive Voting Outcomes: Key resolutions, including director re-elections and remuneration policies, received strong support from shareholders.

Huge Group’s AGM: 74.69% Shareholder Turnout, All Resolutions Approved Read More ยป