Latest news with #R385
The South African
22-07-2025
- Sport
- The South African
Inacio Miguel's Kaizer Chiefs salary LEAKED
Angolan publication PontoZero has revealed the monthly salary and transfer details of Kaizer Chiefs defender Inacio Miguel. Image: Facebook Angolan publication PontoZero has revealed the monthly salary and transfer details of Kaizer Chiefs defender Inacio Miguel, providing insight into the club's investment in the 29-year-old centre-back. Miguel, who joined Amakhosi from Angolan giants Petro de Luanda last season, has quickly cemented his role within the squad and is now seen as a captain-in-waiting following the departure of Yusuf Maart. Despite a rocky start to his time at Naturena – picking up four yellow cards and one red in his first six games – the Portugal-born Angolan turned his form around, finishing the 2024/25 season with 28 appearances and four goals. ADVERTISEMENT He was also entrusted with the captain's armband on several occasions. Monthly salary According to PontoZero, Kaizer Chiefs paid approximately $250 000 (R4.4 million) for Miguel's services. The report also discloses that his gross monthly salary at Amakhosi is around 20 million Angolan Kwanza, which translates to about R385 000. This places his annual earnings at roughly R4.6 million, making Miguel one of the better-compensated players currently on Kaizer Chiefs' books. Though his salary is substantial, it remains below the club's past top earners such as Keagan Dolly, Khama Billiat, and Leonardo Castro, who are reportedly on packages close to double that amount. Miguel is now entering the second year of his three-year deal with the Soweto giants and is expected to play a key leadership role in the upcoming Betway Premiership season. ADVERTISEMENT The star defender has five international caps for Angola and was part of the national team squad for the 2023 Africa Cup of Nations. Is Inacio Miguel worth that much money a month to Kaizer Chiefs? Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The Citizen
29-06-2025
- The Citizen
Two arrested with stolen solar equipment worth R385K in Polokwane
Two arrested with stolen solar equipment worth R385K in Polokwane Quick read Limpopo police arrested two foreign nationals in Tweefontein on Friday during an intelligence-driven operation. The suspects were found with 19 Magneto solar inverters, valued at approximately R385 000. They were charged with possession of suspected stolen property; the origin of the items is still being investigated. Their vehicle was confiscated as part of the ongoing investigation. Full story POLOKWANE – The police are urging owners of solar inverters to remain vigilant, after the arrest of two foreign nationals found in possession of suspected stolen solar equipment worth an estimated R385 000, in Tweefontein. The suspects were apprehended on Friday after police received a tip-off and acted during an intelligence-driven operation. Authorities discovered 19 Magneto solar inverters loaded in a vehicle. The suspects were charged with possession of suspected stolen property, and further investigations are underway. Police spokesperson Col Malesela Ledwaba confirmed that the volume of high-value equipment raised serious concerns. 'Their vehicle was confiscated, and the investigation is ongoing to trace the origin of the items,' he said. In a separate incident, a 33-year-old foreign national was arrested near the Peter Mokaba precinct on the N1. The arrest followed a multi-agency operation acting on a tip-off that the suspect had crossed the Beitbridge border en route to Johannesburg. The man was caught transporting 251 boxes of illicit cigarettes hidden inside a tri-axle trailer. The estimated street value of the contraband is R1.5m. He faces charges related to possession of illicit goods and contravention of the Immigration Act. 'The truck was seized for further investigation, and the suspect remains in custody,' Ledwaba confirmed. At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
IOL News
15-05-2025
- Automotive
- IOL News
Karooooo's CEO outlines ambitious plans for expansion and profitability
KAROOOOO CEO and founder Zak Calisto says the group is building momentum for growth after four years of challenging market conditions Image: supplied Karooooo, which owns the vehicle tracking and fleet management solutions company Cartrack, has four difficult years behind it and is looking to the new financial year to build growth momentum, said the founder and CEO Zak Calisto. Interviewed on Thursday at the release of the fourth quarter results to February 28, Calisto, who has expanded the group into Asia, Europe and South Africa, said they scaled up in the last two quarters by nearly 1 000 additional staff, and the company had moved into a new head office in Johannesburg, this after a period where operations were impacted by the Covid pandemic for two years, and by the work-from-home trend. Karooooo's operating profit increased by 30% to R385 million in the fourth quarter and earnings per share increased 19% to R8.11. The number of Cartrack subscribers increased 17% to 2.3 million from 1.97 million. The group is ungeared with some R900m in cash. Calisto said their biggest business remains in South Africa, and he believes the market still has 'huge opportunities for growth.' The group is aiming to double the size of its South African business in the next four years, he added. He said there were similar opportunities in their European and Asia markets, and over time, it was likely that Asia would become the group's biggest market. 'We operate in an expanding and largely underpenetrated market globally, fueled by robust and sustained customer demand. This demand is driven by a heightened focus on digitalization, the need to improve operational efficiency and reduce costs, and increasing attention to safety in physical operations,' he said. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ A significant goodwill impairment of R43.9m was realised, whch related to the political uncertainty in Mozambique. Calisto said some of their clients had their entire fleets and properties burned through the political riots. He estimated hundreds of vehicles were burned in total, and there was no certainty at this stage how long the political situation would remain resolved. He said despite the challenges in the fourth quarter, their Mozambique operation continued to support their South African customers who have cross-border operations and has remained profitable with healthy cash generation. 'In the 2026 financial year, we aim to accelerate Cartrack subscription revenue growth by expanding our distribution footprint in existing markets, driving broader platform adoption and capitalising on growing demand for video solutions,' he said. He said while their targets might be hard to meet, they had a strong and proven track record of execution, sustained growth at scale, and a highly profitable business model supported by a solid balance sheet and a healthy cash position. 'As we expand our distribution footprint in existing markets, we expect lower earnings per share growth in the 2026 year, given our planned upfront investment in sales and marketing for the year,' the group said. Cartrack's subscription revenue was forecasted to grow between 16% and 21% compared to the 2025 financial year, while Karooooo's earnings per share was expected to be between R32.50 and R35.50. Karooooo's adjusted earnings per share increased 39% to R9.48. Operating expenses increased 15% to R485m. Of the total, Cartrack accounted for R459m (Q4 2024: R399m) in operating expenses including investments in infrastructure and headcount to support territorial expansion and distribution growth. Visit:
