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A new era for Sasfin

While Sasfin reports disappointing performance in the current financial year, new Sasfin CEO Michael Sassoon is confident about the Group’s medium-term prospects off the back of significant Board and management enhancements. Headline earnings dropped by 37.08% to R122.152 million (2017: R194.151 million), primarily due to a significant increase in the credit loss ratio to 197 […]

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What to expect in the week ahead – company results

Remgro (Full Year Results): According to Bloomberg estimates, headline earnings per share (HEPS) are expected to increase by 15.6% for the full year. The company reported a drop in HEPS of 10.4% during the first half as Mediclinic’s contribution to earnings fell 50.5%. Other investments’ contributions declined 25.6%. Banking, consumer products and insurance are expected […]

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old mutual

Making good progress on strategic priorities: Old Mutual

Old Mutual Limited (OML) today announced its first interim results since its primary listing on the Johannesburg Stock Exchange in June 2018, and confirmed it was making good progress on its strategic priorities. (more…)

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Liberty delivers a stabilised operating performance

Financial Highlights Normalised operating earnings increased 18% to R958 million Normalised headline earnings increased 5% to R1 332 million Capital adequacy ratio strong at 2,67 times the regulatory minimum Group long-term insurance net customer cash inflows are R262 million Long-term insurance indexed new business R3 773 million Group equity value per share at R138,66 Assets […]

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Allianz Group has good start into 2018

Allianz Group has good start into 2018

Allianz Group had a good start into 2018, posting a 6.8 percent rise in net income attributable to shareholders. Internal revenue growth, which adjusts for currency and consolidation effects, was 4.9 percent with positive contributions from all business segments. Total revenues increased 0.7 percent to 36.5 (first quarter of 2017: 36.2) billion euros. Operating profit decreased 6.0 […]

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old mutual

Old Mutual Limited expected to list on the JSE  on 26 June 2018

Old Mutual Limited has made public its pre-listing statement, an important step towards its launch as an independently listed, leading financial services group.  It is expected that listing will take place on 26 June 2018 following receipt of the requisite approvals, including approval by the Old Mutual plc shareholders. Peter Moyo, OML CEO says, “We […]

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PSG Konsult announces strong annual results

PSG Konsult announces strong annual results

PSG Konsult (KST) announced today that it delivered a solid 16% rate of growth in recurring headline earnings per share and a return on equity of 24% for the period ended 28 February 2018. This was achieved during a year of tough operating conditions, in which the country continued to be plagued by low economic […]

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PPS allocates R3.7 billion in profits to members in 2017

PPS allocates R3.7 billion in profits to members in 2017

Built on the ethos of mutuality, PPS, a financial services company focused exclusively on graduate professionals, showed a strong performance in the 2017 financial year, allocating R3.7 billion in profits to its members. This is in addition to the R2.9 billion in total benefits paid. (more…)

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