Purple Group revenue for six months was up 29.3% to R188.8 million.

Loading player...
GUEST - Charles Savage – CEO of Purple Group

Purple Group, the owner of retail trading platform EasyEquities, has posted record half-year revenue which it says marks a pivotal juncture on what it believes will be a "milestone year" for the group.

The small-cap financial services group, which has also expanded into asset management and crypto assets, said interim revenue jumped 29.3% to R188.8 million in the six months to end-February. It booked a profit of R10.9 million, from a loss of R10.6 million previously, bouncing back from a dismal prior half year when trading volumes slumped to record lows amid volatility on global markets.
16 Apr 2024 1PM English South Africa Business News · Investing

Other recent episodes

Township traders push back against liquor licence fee hikes

The Gauteng Liquor Traders Association (GLTA) is pushing back hard against proposed liquor licence fee increases by the Gauteng Liquor Board, warning that the move could cripple thousands of township-based micro and small businesses. Jongikhaya Kraai, Spokesperson, Gauteng Liquor Traders Association discuss what a sustainable licensing fee look like for…
16 Feb 2PM 10 min

‘February sees millions of South African youth become economically invisible’

According to the Afrika Tikkun Foundation, nearly five million young South Africans become economically invisible this February as universities reach capacity, job opportunities tighten, and thousands of matriculants and graduates find no clear pathway forward. Dr Nellie Zembe, Group Head: Monitoring, Evaluation, Research and Learning explain s why this happens…
16 Feb 2PM 15 min

Latest developments in SA's telecom sector

Gugulethu and Telecoms analyst, Dobek Pater take a closer look at the latest developments in South Africa’s telecom sector, following recent results and trading updates from major players. Telkom is expected to report stronger earnings since December, Cell C has released its first results since listing on the JSE, and…
16 Feb 2PM 17 min

Taxpayers may be heading into a “Silent Budget”

Ahead of Finance Minister Enoch Godongwana’s 25 February Budget Speech, there is growing concern that taxpayers may be heading into what tax specialist Lance Collop describes as a “Silent Budget” — a year in which take‑home pay declines even without headline tax rate increases. Lance joins KayaBiz.
16 Feb 2PM 13 min