Kaya 959 Kaya Biz

Balwin group reports a 57% plunge in half-year profi

Loading player...
Nastassia Arendse chats to Steve Brookes, CEO of Balwin Properties, to discuss the company's latest financial results. Despite a more optimistic economic outlook, the residential property market remains subdued, primarily due to high interest rates. Balwin has experienced a decline in apartment sales and revenue, though its annuity business has shown growth. We delve into the factors impacting the property market, the company's strategies to navigate these challenges, and the outlook for the future. 
28 Oct 2024 2PM English South Africa Business News · Investing

Other recent episodes

What Does AI Look Like In An African Context?

Guest – Prof Vukosi Marivate is a Professor of Computer Science and holds the ABSA UP Chair of Data Science at the University of Pretoria. Artificial intelligence (AI) holds significant promise for Africa, with applications spanning key sectors, from agriculture and healthcare to education. AI can enhance financial inclusion, job…
21 Aug 12PM 13 min

Inside Your Pocket - Is Hard Cash On Its Way Out?

Guest - Kokkie Kooyman, banking analyst and director at Denker Capital As the world shifts towards cashless payment methods, South Africa is gradually moving away from cash against a social and economic backdrop of inequality and slow economic growth.
21 Aug 12PM 10 min

Exxaro Reports A Strong Performance To The First Half Of 2025

Guest - Ben Magara – Exxaro CEO Exxaro experienced a strong start to the first half of 2025 under the leadership of its new CEO and amid the miner’s strategy to diversify away from coal. Exxaro is South Africa’s biggest coal miner, but has been in the process of adding…
21 Aug 12PM 9 min

Mango Airlines Heading Towards Final Winding Down

Guest – Sipho Sono – Business Rescue Practitioner At Mango Airlines Low-cost carrier Mango Airlines is heading towards a final winding down after the investor waiting to acquire it pulled out of the process. In a circular published by the Business Rescue Practitioners (BRPs), the group confirmed that the investor,…
20 Aug 1PM 11 min
All episodes