The company expects to benefit from new opportunities in the market, despite posting a loss.
Government says, theoretically, it can implement e-tolling immediately.
The R449 million fine issued by the competition authorities leads to increased provisions.
The group will make a per share loss, because of impairments at its African operations.
LG Premium Service Centre Launch
LG South Africa has launched its premium service centre in Midrand, Johannesburg. The centre aims to make it easy for LG customers to get their LG appliances fixed directly with LG.
The group starts to reap the benefits of a new structure and a shift away from silo thinking.
Government contemplates several alternatives to e-tolling, including an increase in the fuel levy.
An investigation into wasteful IT-related expenditure, by correctional services, has been completed.
TymeBank announces Retail Capital buyout
TymeBank has reached an agreement with Retail Capital and its shareholders to acquire 100% of the fintech SME funder’s shares, subject to regulatory approval. #newsvideo #TymeBank #Itinbanking
The R50 million loan will go into expanding its points of presence in the Latin American country.
Digital advertising agency Gloo had to be repositioned during the year, which negatively affected results.
Basic and headline earnings per share are expected to improve to a loss of between 5c and 5.5c.
The group grows revenue 50%, becoming one of the “big boys” in the neighbourhood.
Most companies have noticed a significant increase in fraud levels, says ACFE.