REMGRO shows strong earnings recovery above pre-pandemic levels.

--:--

JSE-listed investment holding company Remgro is reporting a 125.1% increase in headline earnings to R6.49 billion for the full year period ended June 2022, coming off a Covid-19 led low base and boosted by the recovery in earnings for most of the group’s underlying investee companies, it says in a Sens announcement released on Tuesday.

Remgro says it has seen a strong recovery from recently acquired companies Mediclinic, Distell and Community Investment Ventures Holdings Proprietary Limited (CIVH) as well as other investee companies Kagiso Tiso Holdings Proprietary Limited, Grindrod Limited, Grindrod Shipping Holdings Limited, FirstRand Limited and TotalEnergies.

27 Sep 2022 8AM English South Africa Business News · Investing

Other recent episodes

The business of billboards during election campaigns

GUEST – Paseka Molelengoane – Co-founder of Indaba Billboards & Media and member of the Black Billboard Owners Association These days, billboard advertising is one of the hottest sectors of the marketing industry and a booming and visible brand promotion business, particularly during the election campaign period. Why is outdoor…

7 May 7PM 31 min

Analysis: SA's liquid fuel industry following Shell's plans to divest from downstream operations.

Guest - Peter Morgan, CEO of the Liquified Fuels Wholesalers Association (LFWA) News that Shell plans to divest from its SA fuels business may be a shock to consumers, but it comes as little surprise to experts who say the industry is in flux globally, and also faces a tough…

7 May 7PM 16 min

The number of worker strikes dropped to 83 in 2023

GUEST – Sydney Moshoaliba - CWAO Education Officer Labour action continued to decrease in 2023, with 83 worker strikes reported last year, according to the Casual Workers Advice Office (CWAO). The number reported is nearly half that seen in 2018, where 165 different strikes were recorded, and a smaller drop…

7 May 7PM 13 min

TECH & INNOVATION – Home-spital app revolutionises the patient-health practitioner relationship

GUEST - Home-spital founder, Nkululeko Khumalo Homespital is a mobile application that connects people that require caregiving services to specialists that may be closer to them or have the right experience for their needs. caregivers will be able to update their profiles and get validated and create visibility of the…

7 May 7PM 8 min

South Africa clothing industry analysis..

Guest – Michael Lawrence, Executive Director - National Clothing Retail Federation South Africa's formerly flourishing clothing manufacturing industry has been decimated by international competition since 1994. Although significant progress has been made in enhancing the competitiveness of the multi-billion rand industry, the sector continues to shed jobs. With discretionary income…

7 May 7PM 11 min

All episodes