Latest news with #Rands
Yahoo
8 hours ago
- Business
- Yahoo
4Sight Holdings Full Year 2025 Earnings: EPS: R0.073 (vs R0.052 in FY 2024)
Revenue: R1.00b (up 6.3% from FY 2024). Net income: R39.2m (up 42% from FY 2024). Profit margin: 3.9% (up from 2.9% in FY 2024). The increase in margin was driven by higher revenue. EPS: R0.073 (up from R0.052 in FY 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period 4Sight Holdings shares are down 2.9% from a week ago. We don't want to rain on the parade too much, but we did also find 2 warning signs for 4Sight Holdings that you need to be mindful of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
8 hours ago
- Business
- Yahoo
4Sight Holdings Full Year 2025 Earnings: EPS: R0.073 (vs R0.052 in FY 2024)
Revenue: R1.00b (up 6.3% from FY 2024). Net income: R39.2m (up 42% from FY 2024). Profit margin: 3.9% (up from 2.9% in FY 2024). The increase in margin was driven by higher revenue. EPS: R0.073 (up from R0.052 in FY 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period 4Sight Holdings shares are down 2.9% from a week ago. We don't want to rain on the parade too much, but we did also find 2 warning signs for 4Sight Holdings that you need to be mindful of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Zawya
3 days ago
- Business
- Zawya
Standing Committee on Appropriations Engages Department of Transport on 2025 Appropriation Bill
The Standing Committee on Appropriations today raised several concerns regarding the Department of Transports' (DOT's) performance and infrastructure priorities during a briefing on the 2025 Appropriation Bill. The DOT has provided spending plans and briefed the committee on identified mega projects that are covered in the 2025 allocation for public infrastructure investments. The Chairperson of the Committee, Mr Mmusi Maimane, expressed alarm over the persistent reliance on acting officials in key leadership roles within the department. "It is deeply concerning that while we are expected to appropriate significant funds that are over a trillion rands, the department has not appointed permanent officials in vital positions. This practice undermines accountability and weakens governance," said Mr Maimane. He said leadership issues in the department need urgent intervention in order to stabilise. Mr Maimane also raised concerns about the Moloto Road project, noting that the road has cost taxpayers approximately R15 billion, notwithstanding the historic spend on the road over the past ten years. "This is quite exorbitant for a 167-kilometre road and nearly three times the cost compared to another country such as China," emphasised Mr Maimane. The committee welcomed progress made at the South African Airways (SAA) and urged the department to do more to restore the airline to its former competitive standing. However, members of the committee voiced concern over revelations that R1.5 billion owed to SAA remains trapped in foreign countries, told the committee that despite several agreements between South Africa and Zimbabwe, little progress has been made. The committee called for diplomatic intervention at the highest level to recover funds which will improve SAA's liquidity. Furthermore, the committee welcomed the suspension of the Road Accident Fund (RAF) Chief Executive Officer and calls for urgent resolution and accountability. The committee also called on the RAF Board to act decisively to root out corrupt practices and to resolve the growing number of unsettled claims. "We are increasingly concerned with executive bonuses and golden handshakes in a department that oversees deteriorating road infrastructure. It is unacceptable that senior officials receive performance incentives when service delivery is clearly lagging," added Mr Maimane. Committee members also raised concerns over the growing number of trucks on the roads and the associated increase in traffic accidents. It also urged the department to explore a shift from road to rail for goods transport, which would reduce congestion and road maintenance costs. In addition, the high costs of toll gates particularly in Mpumalanga were criticised as an undue burden on commuters. The committee also questioned inefficiencies and duplication in transport-related agencies. It noted with concern that entities like the Road Traffic Management Corporation invoice each other billions, which could be avoided if these entities were consolidated under the Department of Transport. Distributed by APO Group on behalf of Republic of South Africa: The Parliament.
eNCA
5 days ago
- Business
- eNCA
The Devi Show Pure Hearts Funeral Catering
Pure Hearts Funeral Catering promises to provide a compassionate and professional service at affordable prices, ensuring families are supported during their most difficult times. For just a few hundred Rands per month, you and your numerous nominated beneficiaries are also assured a smooth service, catering for large numbers of mourners with elegant décor bringing added class and dignity to heart-breaking goodbyes. All well and good, except, on the ground, this doesn't always seem to be the experience many policy holders have benefitted from. Instead of fresh meat and vegetables, clients recount horror stories of late arrivals without the promised basics of gas stoves, tents, tables and chairs. Add rotten vegetables, teams disappearing off site before the catering even begins and unpaid staff and you have a recipe for disappointment and anger. But that's not all. Turns out that the FSCA (Financial Sector Conduct Authority) has published an enforceable undertaking following years of continuous irregularities at the hands of management – meaning that the business hasn't been following the rules.
IOL News
19-06-2025
- Business
- IOL News
What's holding back South Africa's economy? Key insights from experts
Infrastructure failure and bottlenecks at ports, are among factors costing the economy billions of Rands. Image: eThekwini Municipality Failing infrastructure, systemic corruption, collapsed rule of law, state incapacity in public service and state-owned entities, erosion of local government, and high crime rates are among the key factors causing a decline in South Africa's economic growth, according to experts. This is despite the positive growth from the agricultural sector, where the Gross Value Added (GVA) expanded by 15.8% in the first quarter of 2025. Agriculture became the main driver of South Africa's overall GDP growth in Q1 2025, contributing 0.4 percentage points to the national GDP expansion of 0.1%. However, experts say that agriculture, although it has driven the country's economic growth, is volatile and dependent on factors such as weather, electricity supply, and transportation, among others. Professor William Gumede, from the Wits School of Governance, said the country's political culture has made corruption, incompetence, and misbehaviour acceptable if it is done by those who share a similar colour, party, and ideology, which has contributed to the economic decline. 'Property rights are vulnerable. The rule of law in many parts has collapsed, the lower courts are inefficient, and policing is ineffective. Corruption is systemic. State capacity in many parts of the public services, among state-owned entities, and local government has been eroded. Crime is out of control. The state cannot efficiently enforce laws, rules, or policies. Infrastructure has collapsed in many areas. Many sectors of the economy, such as public transport, mining, and construction, have become informalised. The country has been deindustrialising,' Gumede said. He added that state infrastructure development plans and forums, including the Reconstruction and Recovery Plan and initiatives such as Operation Vulindlela, have become virtual talk shops, and structures set up to play an oversight and coordination role, and provide governance over infrastructure, have not been able to do so. 'The breakdown of infrastructure drives up inflation, just as state, SOE, and policy failures do, as they drive up prices, the cost of living, cost of business, and erode savings and deter future investment. The Reserve Bank has warned that the breakdown in infrastructure threatens the stability of the financial system. 'Loadshedding, for example, has caused not only the loss of lives, but also of businesses, capital, skills, employment, and investment. It has contributed to South Africa's low-growth path, possibly taking away up to 3% of possible growth. South Africa needs around R150 billion per year just to replace the destroyed infrastructure, let alone build new infrastructure,' Gumede said. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading He added that water provision has also plunged, with many of the water infrastructure SOEs, municipal entities, and boards having fallen into disarray. The provision of water in many of South Africa's cities and towns has deteriorated to such an extent that many citizens are without water for long periods during water outages. 'Transnet, the state-owned logistics giant responsible for South Africa's ports, rail, and pipelines, is, like Eskom, a major contributor to the country's low-growth path. Transnet has a debt burden of R136 billion. Its inefficiencies are causing bottlenecks at ports and limiting rail freight, undermining trade. It costs the economy over R1 billion per day," Gumede said. Transnet estimates it needs to invest R200 billion to restore the railways to capacity, however, Gumede said it will be a waste of money to invest in Transnet without bringing in merit-based management, cleaning up procurement by exempting the organisation from preferential procurement rules, and discarding ideological objections to having the organisation fully partner with the private sector in delivering infrastructure services. According to the Department of Public Enterprises, between 2012 and 2023, the debt levels of the largest 10 SOEs rose by R313.6 billion. The government had to bail out these SOEs with R318.1 billion during that period. In its latest Financial Stability Review, the Reserve Bank said while electricity availability appears to be gradually returning to historical trends, other critical infrastructure, such as the supply and quality of water and transport infrastructure, especially rail, port, and road networks, continues to degrade. Gumede said an external economic shock, such as a prolonged fallout with the US Donald Trump administration, will have a disproportionately debilitating impact on the South African economy. Political actors and groups who reckon South Africa can quickly pivot from the US market to alternatives, such as BRICS, have a case of wishful thinking, as a loss of the US market cannot be immediately replaced. A transition to new markets cannot be achieved overnight. Worse, SA's state trade negotiation capacity is currently possibly at its weakest, most over-ideological, least agile, and opportunity-minded, since the end of apartheid. State capacity has been eroded in state trade structures, as in other parts of the state, through cadre deployment, exclusion of minorities, and informalisation, he said. China may be South Africa's largest trading partner by volume, but it mostly takes South Africa's raw material, not manufactured products – it has trade barriers, but sends manufactured products to South Africa, which displaces local jobs. US companies manufacture in South Africa, meaning they have larger multiplier impacts, Gumede said. The International Monetary Fund ranks South Africa as the most difficult place to do business globally among 49 countries in the IMF's ease of doing business index. It argues that halving SA's restrictive business regulations relative to its emerging market peers could increase medium-run output by 9% and boost employment, Gumede said. He added that policymakers underestimate the impact of state failure, corruption, incompetence, and anti-growth policies on the economy, which reduces revenue and undermines business confidence. In the 1990s, the Johannesburg Stock Exchange had around 850 listed companies. By 2024, this had dropped to under 300, including some companies that have dual listings. He highlighted the lack of inclusive compromises on key policies, the NHI, the Expropriation Law, apparent refusal to renegotiate aspects of the Basic Education Laws Amendment (BELA) Bill to make it more inclusive, and perceived anti-American foreign policies have caused investment, capital, and skills flight as some of the factors. 'Many ANC politicians do not genuinely think growth should be at the centre of economic policy, arguing wrongly that to do so will be promoting 'neo-liberalism'. Policies that undermine growth will have to be jettisoned,' Gumede said. He said state debt levels need to be brought down, and key catalytic growth sectors will have to be prioritised. 'Manufacturing remains important; its declining trend needs to be reversed. Agriculture is critical. It is important that land reform is not populist, emotional, ideological and revenge-driven, but rather, that it focuses on securing food; fostering an agricultural, manufacturing, processing, and technology industrial hub; and fostering related artisan, technical, and research skills. This would mean partnering with the private sector to bring back artisan programmes, agricultural technical institutions – especially in the rural areas – and fostering agriculture technology,' he said. Dawie Roodt, a chief economist at the Efficient Group, said the biggest challenge in South Africa is a government that is destructive, inefficient, and is quite often corrupt. 'The government policies are broadly wrong. The Expropriation Bill, for example, is one of those policy choices that is wrong for economic growth because you must protect private property rights. There's also the inefficiency of the state. 'All good things go together in the economy. If per capita GDP goes up, then life expectancy, quality of life, and education follow suit,' Roodt said.
