Latest news with #R6.3m
TimesLIVE
20-05-2025
- Sport
- TimesLIVE
Amajita not yet assured of their bonuses as Safa waits for Caf to pay
The South African Football Association (Safa) will decide after receiving the R6.3m payout from Caf how much they will give to the Amajita players crowned U-20 Africa Cup of Nations (Afcon) champions in Egypt on Sunday. Coach Raymond Mdaka's team beat Morocco 1-0 at the June 30 Stadium in Cairo on Sunday to become the third South African football side to win an Afcon after Bafana Bafana (1996) and Banyana Banyana (2022) in the senior men's and women's competitions. Amajita not only won the trophy but also joined the South Africa U-17 team in qualifying for their World Cup this year. Amajimbos, who reached the quarterfinals of the U-17 Afcon this month, will be one 10 African teams in the 48-side U-17 World Cup in Qatar from November 7 to 27. Amajita will be one of four African sides in the 24-team U-20 World Cup in Chile from September 27 to October 19. 'We have not received any money from Caf yet,' Safa president Danny Jordaan said on Tuesday. 'When we have the money, we'll decide.' Welcoming back the Champions of Africa! Amajita 🥹🇿🇦 — luka 🇿🇦 (@lukadupreez) May 20, 2025 Despite numerous episodes where Safa have had well-documented challenges with cash flow, including this year when staff at Safa House received their salaries late, Jordaan tried hard to paint a picture of a stable association that has always fulfilled its obligations to the players and technical staff. In November last year there were reports of Banyana and Bafana not being paid on time. 'One thing we know is South African football has not missed a football match,' Jordaan said. 'We comply with our commitments to even play in Chan. In the past we didn't play in Chan but we play in Chan now. 'We're playing in every competition under Caf and Fifa. That means there's travel and accommodation, daily allowances and everything and we've fulfilled our commitments. HUGO BROOS IS HERE! 🇿🇦❤️ Bafana's head coach has arrived to welcome Amajita! 👏🏻 #AirMobile #BetwayPrem #CastleLager — SoccerBeat (@SoccerBeatZA) May 20, 2025 'There's great respect for what South African football has achieved and we continue to work hard to get the ultimate goal when one of our teams win the World Cup. 'With this U-20 together with other players who didn't play, we hope we'll have full co-operation of our clubs to give the coach all the possibilities in player availability [for their World Cup]. 'These players should include those who play in Europe such as Shandre Campbell and other local players, [Orlando Pirates'] Mbekezeli Mbokazi and [Mamelodi Sundowns'] Siyabonga Mabena [who missed the Afcon because they were withheld by their clubs or injured]. 'We have a team that can compete with the best in the world and we look forward to the World Cup in Chile,' Jordaan said. [WATCH] #U20AFCON goalkeeper of the tournament Fletcher Smythe-Lowe tells Newzroom Afrika's @vuyo_macoba that it's a great honour to be compared to the likes of Ronwen Williams. #Amajita — Newzroom Afrika (@Newzroom405) May 20, 2025 Mdaka and Amajita skipper Patrick Autata credited the Premier Soccer League's DStv Diski Challenge (DDC) U-23 reserve league for playing a huge role in giving young South African young players a platform to fine-tune their skills on a professionally-run stage. Mdaka said without the DDC it would have been difficult to identify the players he had in Egypt. That his players were playing regularly at club level showed in the Afcon, where Amajita bounced back from a 1-0 defeat to hosts Egypt in their group opener match to win the tournament, beaten Nigeria in the semifinals and Morocco in the final. 'The suitable place to see the players playing was the DDC. We went to most of the games and were fortunate that by the beginning of our first camp the core of this team we see today was there in March when we started preparing the team,' the coach said. Let's hope we qualify for the World Cup and we can start maybe to integrate some of these young players into the senior national team. Hugo Broos 'We appreciate [the DDC] because it would be difficult sometimes. Seeing them play made it easy for us to come up with this team.' Bafana Bafana coach Hugo Broos, also in attendance to welcome the U-20s, said the players stand a good chance of progressing to the senior team. 'We've seen the performances at Afcon and there are certainly players we have to watch in the next months. But on the other side it should not be a decision we make in haste because they will play in the World Cup and after that we're playing in the [senior] Afcon [in Morocco in December and January]. 'Let's see what happens in the next months and we'll follow up closely on what's happening, not only with the national team but with the players in their clubs. This is something we have to watch in the next six months and we'll see after the new year. 'Let's hope we qualify for the World Cup and we can start maybe to integrate some of these young players into the senior national team.'
The Citizen
20-05-2025
- Business
- The Citizen
Limpopo trio arrested in connection with R6.3m Anglo American Platinum fraud
The Hawks' Serious Commercial Crime Investigation Unit has arrested a former company director and two ex-payroll administrators in connection with fraud amounting to R6.3m. Polokwane Review reports that the three accused, Monique Nel (52) and Ruan van Zyl (23), both payroll administrators, and director Wanda van Zyl (57), all former employees of Global Strike Security Company, were arrested on Sunday after they handed themselves over to the police. According to provincial Hawks spokesperson Warrant Officer Lethunya Mmuroa, the accused allegedly submitted over 33 fraudulent invoices to Anglo American Platinum for security between December 20, 2018, and September 20, 2021, for services that were never rendered Mmuroa says payments were processed before the company uncovered the scheme. 'Anglo American Platinum got suspicious and conducted internal forensic investigations, which revealed a loss of R6.3m. The matter was reported [at] the Mahwelereng Police Station and subsequently handed over to the Hawks' Polokwane-based Serious Commercial Crime Investigation Unit for further investigation,' he says. A thorough investigation successfully linked four people from the security company to the committed crime, though one of the people implicated has since died. Following the completion of the investigation, the case was handed to the National Prosecuting Authority, which authorised warrants of arrest. 'The accused briefly appeared in the Mahwelereng Magistrate's Court yesterday, facing 26 counts of fraud. The case was postponed to today for a bail application,' he says. Breaking news at your fingertips… Follow Caxton Network News on Facebook and join our WhatsApp channel. Nuus wat saakmaak. Volg Caxton Netwerk-nuus op Facebook en sluit aan by ons WhatsApp-kanaal. Read original story on At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
Yahoo
06-03-2025
- Business
- Yahoo
Here's Why We Think RCL Foods (JSE:RCL) Is Well Worth Watching
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even companies that have no revenue, no profit, and a record of falling short, can manage to find investors. Unfortunately, these high risk investments often have little probability of ever paying off, and many investors pay a price to learn their lesson. While a well funded company may sustain losses for years, it will need to generate a profit eventually, or else investors will move on and the company will wither away. So if this idea of high risk and high reward doesn't suit, you might be more interested in profitable, growing companies, like RCL Foods (JSE:RCL). Even if this company is fairly valued by the market, investors would agree that generating consistent profits will continue to provide RCL Foods with the means to add long-term value to shareholders. See our latest analysis for RCL Foods If a company can keep growing earnings per share (EPS) long enough, its share price should eventually follow. That makes EPS growth an attractive quality for any company. RCL Foods managed to grow EPS by 8.6% per year, over three years. That growth rate is fairly good, assuming the company can keep it up. Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. RCL Foods' EBIT margins have actually improved by 4.5 percentage points in the last year, to reach 7.5%, but, on the flip side, revenue was down 32%. That falls short of ideal. You can take a look at the company's revenue and earnings growth trend, in the chart below. For finer detail, click on the image. While it's always good to see growing profits, you should always remember that a weak balance sheet could come back to bite. So check RCL Foods' balance sheet strength, before getting too excited. Insider interest in a company always sparks a bit of intrigue and many investors are on the lookout for companies where insiders are putting their money where their mouth is. Because often, the purchase of stock is a sign that the buyer views it as undervalued. However, insiders are sometimes wrong, and we don't know the exact thinking behind their acquisitions. The first bit of good news is that no RCL Foods insiders reported share sales in the last twelve months. But the really good news is that CEO & Executive Director P. Cruickshank spent R6.3m buying stock, at an average price of around R9.22. It seems at least one insider thinks that the company is doing well - and they are backing that view with cash. One positive for RCL Foods is that it is growing EPS. That's nice to see. It's not easy for business to grow EPS, but RCL Foods has shown the strengths to do just that. The icing on the cake is that an insider bought shares during the year; a point of interest for people who will want to keep a watchful eye on this stock. Still, you should learn about the 1 warning sign we've spotted with RCL Foods. There are plenty of other companies that have insiders buying up shares. So if you like the sound of RCL Foods, you'll probably love this curated collection of companies in ZA that have an attractive valuation alongside insider buying in the last three months. Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
