Monthly Archives Oct 2021

Altron delivers solid performance in challenging environment

JSE-listed technology company Altron has announced its interim results for the six months ended 31 August 2021, which saw revenue up by two percent to R3.5 billion. The company saw cash generated from operations up 79% to R527 million and an interim dividend of seven cents per share declared. Headline earnings per share increased 238% to 11 cents per share, while operating free cash flow of R81 million was up by more than 742%. Altron Group Chief Executive Mteto Nyati described the half year results as “a very resilient performance in the face of a challenging operating environment”. “The benefits
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Categories: Altron.

Altron’s Mteto Nyati receives honorary doctorate

JSE-listed Altron Group Chief Executive Officer has received an honorary doctorate from the University of Johannesburg’s College of Business and Economics. Presiding over the graduation ceremony last Friday, University of Johannesburg Vice-Chancellor Professor Tshilidzi Marwala, said the institution recognises “the outstanding contribution of Mteto Nyati, driven by elevating others, service, integrity, excellence and fairness.” Altron Chairman Stewart van Graan commended Nyati for the accolade, noting that he had grown Altron into a solid position of growth during his leadership. “We are immensely proud of Mteto, he thoroughly deserves this great honour.” Accepting the degree, Nyati said: “It is such an
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Categories: Altron.

South Africa ranks 31st in the Global Pension Index

Causes of gender pension gap mixed, with all systems carrying weaknesses Mercer CFA Institute Global Pension Index sees new entrant Iceland top the list Index compares 43 retirement income systems, covering two-thirds of world’s population Iceland’s retirement income system has been named the world’s best in its debut in the 13th annual Mercer CFA Institute Global Pension Index (MCGPI). The Netherlands and Denmark have taken second and third places respectively in the rankings, after a decade of competing for the top spot. The study also reveals that there is much that pension systems can do to reduce the gender pension
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Categories: Alexander Forbes.

RETIREMENT FUND MEMBERS REQUIRE MEANINGFUL CONNECTIONS

Working South Africans require meaningful connections to make better financial decisions, as they are projected to retire on only 40% of their final salary. Current retirees’ starting pensions amounted to 31% in 2020, an improvement from the previous year’s 28%. This is still a long way off from what is considered ideal. They need better connections to their retirement funds, to their options at key stages in their careers and to the long-term impact of their decisions to change their retirement picture for the better. In addition, planned reforms by National Treasury to introduce the “two-bucket system” will help improve
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Categories: Alexander Forbes.

Nothing says summer like Sun City

This year, take a holiday the whole family will enjoy South Africa’s favourite holiday resort has turned up the heat and is ready to welcome the whole family – whether you are active and sporty, an adventurous adrenalin junkie, hooked on nature or just enjoy relaxing by the pool, Sun City has an ideal experience for all ages. Swop mundane for a fun summer stay at one of Sun City’s four hotels –Soho, Cascades, Cabanas and The Palace of the Lost City – each with its own individual character, restaurants and ambience. During the day, there are entertainment and activity
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Categories: Sun International.

Wild Coast Sun sets farmers up for planting

Queens Greens now fully self-sustaining farm equipped to produce and sell to neighbors and local supermarkets Wild Coast Sun, one of Sun International’s most magnificent properties, has enabled a local farming initiative to be fully self-sustaining. The resort provided Queens Greens with a complete borehole, a pump as well as an irrigation system. In addition to this, Wild Coast provided equipment to work the fields, such as wheelbarrows, spades, forks and hoes, as well as seedlings, fertilizer, and pesticide. The total value of the contribution is R130,000. Vincent Bulala, SED & Community Engagement Manager, says the donations build on previous
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Categories: Sun International.

COMING OF AGE AS BOARDWALK CASINO AND ENTERTAINMENT WORLD TURNS 21

Nelson Mandela Bay’s iconic amusement and retail arena in exciting new phase  The Boardwalk Casino and Entertainment World in Nelson Mandela Day marks its coming of age on October 2, and in the past 21 years, has welcomed millions of visitors to experience its mix of family fun, entertainment, shopping, dining and gaming thrills.   “The Boardwalk has provided incredible entertainment, happiness, education, laughter and fun to the city’s residents, as well as visitors from around the country and around the globe, and we are excited to see what the next 21 years have to offer,” said The Boardwalk General
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Categories: Sun International.