Implats expects 70% – 75% decrease in HEPS

Shareholders have been advised that Implats’ headline earnings per share (HEPS) for the financial year ended 30 June 2014 is expected to be between 82 and 98 cents which is between 70% and 75% lower than that of the financial year ended 30 June 2013 (HEPS of 330 cents). This is mainly due to the five-month industrial action … Read more

CE Sim Tshabalala: Standard Bank’s results, its $80m write-down and Africa

Standard Bank released its interim results today reporting performance that has been described as lacklustre. The group reported a 1% increase in headline earnings per share, and an 8% increase in net asset value per share. These figures were counteracted by an 11% increase in dividends. The group’s share price is down on the day, … Read more