Finance News

Vunani Limited Reports 56% Drop in Operating Profit Despite 2% Revenue Growth

  • Vunani’s revenue grew by 2% to R665.2 million, but operating profit fell by 56% to R55.2 million.
  • Earnings per share decreased significantly to 9.0 cents from 33.0 cents in the previous year.
  • A final dividend of 9.0 cents per share was declared, down from 11.0 cents last year.

Vunani Limited Reports 56% Drop in Operating Profit Despite 2% Revenue Growth Read More »

Marshall Monteagle PLC Reports 14.6 Cents EPS for FY 2024, Up from 0.6 Cents

  • Marshall Monteagle PLC expects earnings per share of 14.6 cents for FY 2024, up from 0.6 cents in FY 2023.
  • The company projects headline earnings per share of 5.8 cents, reversing a loss of 4.4 cents in FY 2023.
  • The earnings increase is due to the sale of Stromesa Court, a commercial property in San Diego.

Marshall Monteagle PLC Reports 14.6 Cents EPS for FY 2024, Up from 0.6 Cents Read More »

transnet

Transnet to Appeal High Court Ruling Over $500 Million Crude Oil Transport Profits

  • Transnet’s disappointment with High Court’s judgment in favor of Total and Sasol.
  • The central issue: application of the neutrality principle and evidence of substantial transport profits.
  • Transnet’s plan to appeal, working with legal team to prepare necessary documents for the process.

Transnet to Appeal High Court Ruling Over $500 Million Crude Oil Transport Profits Read More »

Vodacom Group Executives Receive R72 Million in Conditional Share Awards

  • Vodacom Group awarded executives and directors conditional shares worth millions.
  • The awards are subject to performance conditions and have a three-year vesting period.
  • Share awards demonstrate Vodacom’s commitment to aligning leadership with company performance.

Vodacom Group Executives Receive R72 Million in Conditional Share Awards Read More »

MTN Uganda Surpasses 20% Public Float: Allocates 1.57B Shares

  • MTN Uganda completed a successful secondary market offer, boosting its shareholder base and public float.
  • The offer spanned from May 27 to June 10, 2024, meeting regulatory compliance and investor demand.
  • Top ten shareholders now hold substantial stakes, indicating investor confidence and stability.

MTN Uganda Surpasses 20% Public Float: Allocates 1.57B Shares Read More »

Capital Appreciation Limited

Capital Appreciation Limited Awards R6.1M in Conditional Shares

  • Conditional Share Awards: Executive directors receive shares based on performance metrics and continued employment.
  • Vesting and Settlement: Awards will vest in 2027, settled through market purchase of ordinary shares.
  • Financial Details: Fair value at grant date determines the total value of awards.

Capital Appreciation Limited Awards R6.1M in Conditional Shares Read More »