Items impacting results Specific Share Repurchase and other related transactions concluded in September 2019 ... - Capitec 2020 Digital increasingly important in Capitec’s interim results presentation will be livestreamed on 30 September 2020 at 8am SAST. If they go on strike or carry on with virus shut downs…. Moneyweb requires cookies to function properly. Therefore Sharenet doesn't bear any responsibility for any trading losses you might incur as a result of using this data. Summary audited results 2020. Terms of use. Investor Presentation Oct 2020; Annual General Meeting 17 July 2020; Investor Presentation Feb 2020; Investor Presentation Oct 2019; ... Interim Results (Aug 2020) Capitec unbundling circular; Results for the year ended 29 Feb 2020 (PSG Group) Results for the year ended 29 Feb 2020 … The safety of our employees and clients is something that we care deeply about. Extracts from the unaudited financial results for the 6 months ended 31 August 2019: ... Capitec Bank is an authorised financial services provider (FSP 46669) and registered credit provider (NCRCP13). Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Register with our alert service to receive news, financial results and other key shareholder messages, when they become available. 2 SANLAM Notes AGENDA Strategic review Paul Hanratty COVID-19 operating context Paul Hanratty ... Capitec 2020. services. Capitec Bank is an authorised financial services provider (FSP 46669) and registered credit provider (NCRCP13). Share information ... 2020 Notice and Proxy of the Annual General Meeting and Summarised Consolidated Annual Financial Statements for the year ended 30 June 2020. This discount is used to The widespread concern around COVID-19 creates the perfect opportunity for cybercriminals to defraud customers. 2020: Full Year Financial Results Financial Results Results Presentation Slides Results Presentation Webcast. Prices of crypto currencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. 2. Capitec Bank: 2020 Vacancies November Author: Admin Published Date: October 29, 2020 Leave a Comment on Capitec Bank: 2020 Vacancies November Date: 21-Oct-2020 He said these loans were granted three weeks before the national lockdown began. “We expect that this impact will be softened by the clients employed in essential services, that comprise 60% of our performing loan book. services. Credit loss provisioning will remain conservative and we have provided in full for our expectation of future developments.”. Results booklet – 1MB ; Results presentation – 1MB ; Results transcript – 161KB ; Annual results for the year ended – 31 March 2009 He cites education as an example, where those who could afford it over the past six months have been able to ensure their children continue with remote education. Only 7% of total loan sales in the six months were to clients earning less than R7 500. Lower income earners most severely affected. We thank you for your understanding. Nothing can be properly measured now. Past events . Results 1 – 10 of 10 Page 1 of 1. Fourie says building retail executives have spoken of “record months” of late. Image: Supplied. PSG Group’s 12-month average discount was 25.9% prior to the Capitec unbundling announcement. I was under the impression that part of the R500Bn comes from UIF reserves. Interim Financial Results Financial Results Results Presentation Slides Results Presentation Webcast. The SARB did not print money, i.e no quantitative easing. 919 KB. Fourie says this will likely further “widen the inequality gap”. But for those affected, the situation is dismal. FirstRand results presentation – June 2020 FirstRand supplementary slides – June 2020 FirstRand results SENS announcement – June 2020 FirstRand results media release FirstRand analysis of financial results – June 2019 . Standard Bank Investor Relations. Ask the agri labor brokers, The only light is fruit industry, if the export logistics at Transnet can keep up. All CFDs (stocks, indexes, futures), Forex and crypto currencies prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. With them go the restaurants, bars, golf courses, wine farms, breweries, entertainment, airports, shuttles, etc. From our Annual and Sustainability report and financial results, to our Reserves & Resources and quarterly production reports, you can find all of this information in this section. 3 MB. There is a false liquidity still at play. Join our mailing list to receive top business news every weekday morning. For example, client transaction volumes at home improvement stores have been higher than March since May. South Africa’s best source of news, opinion, and analysis from the business sector and political economy. Capitec Bank Limited Reg. By continuing to use our website, we assume you are okay with it. Capitec Bank Limited Reg. Capitec has provided a total of R7.5 billion in payment relief thus far, with the bulk of this (R5.5 billion) in the form of a three-month payment break for those directly affected by loss of income. Rather wait till TERS benefits stop. Wednesday 04 Mar 2020. One of the biggest challenges facing South Africa “is how do you close this gap,” he says. results presentation Shareholders are reminded that Capitec will be hosting a virtual presentation at 08:00 am SAST on Tuesday, 14 April 2020 to present the results to investors. He said these loans were granted three weeks before the national lockdown began. Financial results. The financial results for the half year ended on 31 August 2020 are expected to be published on 30 September 2020. COVID-19 % COVID-19. While lower income earners were severely impacted, certain sectors (most obviously travel and leisure) were affected across the board. Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. Fourie says when one looks at the 2.2 million people who lost their jobs in the second quarter (announced by Stats SA on Tuesday), many of those are casual and contract workers. Here, the bank estimates the additional probability of default (over and above the base provision it makes when it lends) for clients who are employed in a specific industry. For more information about the Coronavirus (COVID-19), please visit https://sacoronavirus.co.za. 2019_Grindrod_Additional information for analysts Download. Analyst presentation (December 2020) Interim report (June 2020) Analyst presentation (June 2020) 2019. Markets. Given the wide-ranging impact of the pandemic and in line with advice from government and the World Health Organisation (WHO), limiting unnecessary human contact is an invaluable precaution. Trading or investing in crypto currencies carries with it potential risks. Discovery Limited Annual General Meeting. Notably, in the first three months of this period, it reported a loss of R404 million. You are currently viewing our desktop site, do you want to download our. The balance came from donations and that loan from the international bank. RESULTS PRESENTATION Shareholders are reminded that Capitec will be hosting a virtual presentation at 08:00 am SAST on Wednesday, 30 September 2020 to present the results to investors. The bank has over the past three years steadily reduced its lending exposure to the lower income segment. It says “clients who qualified for Covid-19 reschedules were in good standing at the end of February 2020 and were considered to carry less risk than clients who reschedule in the normal course of business”. By August, the income received by Capitec’s banking clients had returned to “normal” levels last seen in March. The bank says “economic conditions are expected to improve in the short term but the full impact of the lockdown will only be seen in the medium term”. Contrast this to the 25% decrease it saw across its base of 14.6 million active retail banking clients in April due to the Covid-19 lockdown. A huge bunch of businesses are not going to bounce back, ever. Capitec Bank is an authorised financial services provider (FSP 46669) and registered credit provider (NCRCP13). Still, it has raised an additional provision on the rescheduled loans. SANLAM CORPORATE. will be the second wave for loan sharks. Explore our latest and historical reports, results and transactions. Crypto currencies are not suitable for all investors. The bank’s credit loss ratio (impairment to total advances) is 8.1% from 3.6% last year. Currency trading on margin involves high risk, and is not suitable for all investors. T 2020 1 Notes INTERIM 2020 RESULTS PRESENTATION 10 September 2020. ONLINE SAFETY Interim results. Prior to that, he worked at a specialist software development agency after leaving a full-time, award-winning career as a financial journalist. This has normalised in recent months, and at end-August remained lower than the April spike. Ask the wine barrel importers Risk Disclosure: Sharenet will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Monday 23 Mar 2020. Fourie remains optimistic, even though there are concerns over how this plays out in September, October and November. Includes Business Day, Financial Mail, and Business Times. Date. Any investment decisions by investors and/or shareholders should be based on consideration of the Full Announcement, as a whole. If April May was a 25% drop in income, then the end of TERS (will it ever end?) Court rules an employee attacked at work can sue her employer, Massmart to sell Cambridge Food, Rhino and Massfresh, Eskom board investigates racism allegations made against CEO, Municipalities want another slice of the pie, this time from IPPs, Molefe and the R78m ‘success fee’ paid to Regiments, R69bn of the R364bn pledged at investment summit has ‘flowed into the economy’, Capitec kry ‘n twintigste kersie op die koek, Corporate governance wins and fails, and some surprising results, At least two banks likely to pay dividends, Estate planning: Ensuring that your minor children receive their inheritance, Direct offshore investing: Here’s what it entails, Molefe and the R78m 'success fee' paid to Regiments, How to fund your business in South Africa, Nedbank and Xero encourage small businesses to embrace a new way to connect. Gerrie Fourie, Capitec CEO, disclosed during the company’s 2020 financial results presentation on Tuesday that the bank has already granted nine loans within 15 days at the WeBuyCars warehouse. INTERIM 2020 RESULTS PRESENTATION 10 September 2020. More than half its loan sales in the period were to those earning more than R20 000 a month, up from 33% three years ago. All the best to you and your loved ones. It is evident in other trends too. Indicators. The unbundled Capitec shares at market value on such date represented R132.37 per PSG Group share. As soon as the situation changes, we will advise you, our valuable clients accordingly. 2020 Interim Results Summary Standard Bank Group’s (SBG or the group) results for the six months ended 30 June 2020 (1H20) reflect that of a resilient, well diversified underlying franchise, negatively impacted by a very difficult environment, particularly in South Africa. The Capitec share price was R1,058.77 per share as at 9 Oct 20 3. While the extent of COVID-19 is still unknown, our plans have the necessary flexibility to evolve as the situation requires. The bank’s net impairment charge (primarily the retail book with a small impact from Mercantile Bank) is R6.1 billion, a R3.9 billion increase from a year ago. Sharenet remains fully operational and should you experience any technical difficulty, rest assured that our superior support staff is ready to assist with any technical queries and can be reached on: Tel: +27 (0)21 7004800 The extent to which the bank’s higher-earning clients overlap with those who work for government is key in evaluating the risk inherent in its R63.4bn retail lending book. Sharenet may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers. The economic impact is nowhere near accounted yet, Ask the glass bottle manufacturing industry about stock and forecasts for XMas 2020. The unbundled Capitec value per PSG Group share is based on the unbundling ratio of 14 Capitec shares for every 100 PSG Group shares held. When people get money back from an insurance they paid for it’s not free money as the insurance industry would have you believe to avoid paying business disruption. Because it dries up instantly in a few weeks time. Its April forecast of the probability of default of its credit customers across different sectors was pretty accurate, with only minor adjustments made in the August forecast. SANLAM INVESTMENT GROUP COVID-19. It reported headline earnings for the six months ending August of R650 million, a decline of 78% from a year ago. As a result, Sharenet will unfortunately not be accommodating client meetings at a branch level, for the forceable future. 31 March 2020 FULL YEAR RESULTS PRESENTATION. One in 13 working in the agricultural sector lost their jobs. The bank reported a 51% decline in profit after taxes and other adjustments for the year through December. 2020 Grindrod Final Results Presentation Download. To ensure protection against targeted ransomware and Malware attacks, remember to install the latest version of a Multi-layered Antivirus program and never share your account details online or via email. Gerrie Fourie, CEO of Capitec Bank, says customers who earn over R20 000 a month are basically at the “same levels as before” with those earning less than R7 500 a month the most “severely affected”. IFRS 16 Briefing IFRS 16 SENS release Webcast Presentation Slides Chief among these, says Fourie, is whether we enter a second lockdown. It has seen success with over 80% of clients making payments after their payment break. 18 August 2020. You can get more information about how we use cookies in our By Hilton Tarrant 1 Oct 2020 00:01 It extended rescheduled payment plans on a further R2 billion in balances. On the whole, advances decreased by nearly two thirds (64%) compared to the six months ended February. Event. JSE. This is key in evaluating the risk inherent in the bank’s R63.4 billion retail lending book. We therefore strongly encourage you to use our suite of digital tools and trading platforms for your financial needs. By August, these volumes were at 149%. We made it very clear during our results presentation that Covid-19 will affect Capitec as well as most other organisations. The bank’s results for the six months to August 31 almost perfectly match the impact of the Covid-19 lockdown and gradual reopening of the economy. It was 'a decision that would typically be taken by a CEO in my position' says former head of Transnet. To be confirmed. Capitec Financial Results Presentation live stream: https://www.youtube.com/watch?v=0u4XaMTns1Q Looking ahead, some risks remain. Results presentation 2020. Those who couldn’t afford it simply weren’t able to. No: 1980/003695/06 Capitec Bank, South Africa’s fastest growing retail bank, wants 10 exceptional people to join our Graduate Development Programme (GDP) at our head office in Stellenbosch, Western Cape.
Cheap Houses For Sale New Orleans East, How To Draw A Tuxedo Cat, Large Gold Nefertiti Pendant, Beowulf Frisian Slaughter, Sasol News 2021, Linen Cafe Curtains, Woorde Om N Vrou Te Beskryf, Circular Progress Bar With Text Android, Apartments In Algiers New Orleans, Howell Police Facebook, Dw 3000 Hi Hat Stand Setup,