Tag: cost management

At the end of last year, the world’s leading 40 mining companies had a combined revenue of approximately $925 billion. In fact, the net profits of these organisations grew by 127% on the back of high commodity prices and prudent cost management.

A 26% increase in headline earnings per share and a robust balance sheet enabled an 81% increase in the interim dividend per share. The South African economy held up relatively well as global economic conditions deteriorated significantly in the first half of 2022.

We’ve all grown accustomed to hearing about the cloud and how it has changed businesses, delivering new efficiencies and capabilities for the 4th Industrial Revolution (4IR). Two years into the pandemic, we can also safely assume that most companies have made at least some strides and investments into cloud computing.

Nedbank has released results for the year ended December 2021. Naturally, this was a much happier year for Nedbank than the year before. The commodity cycle pulled our economy through a tough time, which has knock-on benefits for the big banks.

Risk management is defined by the identification of events, both internal and external, that can affect the organisation’s ability to achieve specific objectives and to remain compliant within specific regulations. Risk management is carefully outlined in King IV as being inseparable from the company’s strategy and sustainability.

South Africa’s telecommunications (telcos) companies need to rapidly evolve by adding additional services for a new mobile working and learning world in order to stay relevant and profitable.  Their legacy business model of telcos which has long sold data and SMS packages to consumers, is no longer enough on its own - a fact that has been brought into stark relief throughout the lockdown period.