Kaya 959 Kaya Biz

Southern Sun reports record results and declares its first dividend since listing

Loading player...
GUEST – Marcel von Aulock – Southern Sun CEO
Leading hotel operator Southern Sun reported revenue growth of 19% to R6.0 billion, aided by more a normalised demand from local and international travellers and strong demand for conferencing and events.
Highlights
● Revenue up 19% to R6.0 billion
● Ebitdar up 32% to R1.9 billion
● Adjusted HEPS up 88% to 56.4 cents
● Net debt reduced to R1.0 billion
● Share buybacks of R617 million
● Dividend per share of 12.5 cents per share
22 May 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
All episodes