ஏஜீ ஓடு News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from ஏஜீ ஓடு. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In ஏஜீ ஓடு Today - Breaking & Trending Today
A surprise change of company leadership is often met with a negative market reaction, as was the case when Absa and CEO Daniel Mminele announced they were parting ways in April. However, Italtile’s share price was only marginally weaker after it announced that Jan Potgieter, who’s largely credited with driving the tile and sanitaryware group’s success for the eight years he’s been CEO, will retire at the end of the year when he plans to emigrate to Europe. He’ll remain a non-executive director of the company. Italtile CEO Jan Potgieter. (Photo: Supplied) Unlike Absa, which is busy shifting the deckchairs with a number of interim measures, Italtile said it had spent the past five years developing a succession plan. ....
Italtile reinstates R800m worth of expansion projects By Sandile Mchunu Share DURBAN - ITALTILE – whose brands include CTM, Italtile Retail, TopT and U-Light – has reinstated R800 million worth of expansion capital projects that were temporarily deferred due to the lockdown and trading restrictions in the first half of the 2020 financial year. As a result, the group said yesterday it had incurred R359m of capital expenditure in the six months to the end of December, up from R340m compared with last year. Chief executive Jan Potgieter said the group would continue to roll out capital expenditure projects, with R450m committed for the second half of the 2021 financial year, and would open new stores where proven demand existed. ....