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

BofA Slashes SA Growth Forecast as Inflation Surges

Bank of America has cut South Africa’s 2026 GDP growth forecast to 1.3%, warning that higher oil and fertilizer prices will keep inflation above 4% for most of the year. Economist Tatonga Rusike explains
23 Apr 3PM 11 min

Understanding SA’s First Wealth Score

Franc unveils South Africa’s first-ever Wealth Score, revealing that financial habits—not income—are the strongest predictor of financial health. We unpack why SA’s national score is 45/100 and the behavior gap between knowing and doing with Dr. Thomas Brennan, founder and CEO of Franc.
23 Apr 3PM 13 min

Clicks Lifts HEPS 8% Despite Warehouse Disruptions.

Clicks delivered firm interim results with diluted HEPS up 8.1%, even as warehouse system delays cost an estimated R175 million in lost sales. CEO Bertina Engelbrecht discusses pharmacy growth, trading margins, and festive‑season competition.
23 Apr 2PM 16 min
All episodes