{"id":22140,"date":"2012-09-14T10:23:38","date_gmt":"2012-09-14T08:23:38","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=22140"},"modified":"2012-09-14T13:33:55","modified_gmt":"2012-09-14T11:33:55","slug":"msn-business-set-for-growth-in-2013","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/22140\/msn-business-set-for-growth-in-2013\/","title":{"rendered":"MSN business set for growth in 2013: Kagiso"},"content":{"rendered":"

JSE<\/a>-listed Kagiso Media<\/a> says its MSN<\/a> division had to recalibrate itself after the loss of the online gambling advertising spend, but is now well positioned to grow in 2013.<\/p>\n

Kagiso says that its share of gambling advertising spend was estimated at R12 million.<\/p>\n

Kagiso\u2019s MSN business was established in a partnership with Microsoft (MSN) in 2010 to manage and localise the www.howzit.msn.com portal in South Africa.<\/p>\n

Under the terms of the agreement, Kagiso Media is also the sole sales partner for all Microsoft’s Windows Live properties – including Hotmail<\/a> and Windows Live Messenger<\/a> – in South Africa and sub-Saharan Africa.<\/p>\n

Kagiso Media reported on Friday (14 September) that total revenue increased by 21.3% to R956.9 million for the year ended June 2012, \u201cthis growth being driven primarily by the broadcasting, content, information and other segments”.<\/p>\n

The group reported an 11.45% fall in diluted headline earnings per share for the year ended June 2012\u201a to 135.3 cents from the 152.8 cents previously.<\/p>\n

Operating profit rose marginally to R258.6 million, from R252 million in 2011.<\/p>\n

Kagiso Media declared a final cash dividend of 30 cents per share\u201a from the 35 cents in 2011, and also declared a special dividend of 20 cents\u201a taking the final dividend to 50 cents.<\/p>\n

Kagiso Media\u2019s radio assets include East Coast Radio and Jacaranda FM (80% holding). It has also maintained strategic investment stakes in OFM (24.9%), Heart 104.9 (20.0%), Gagasi 99.5 (20.0%) and has an economic interest in Kaya FM (47.4%).<\/p>\n

Murphy Morobe<\/a>\u201a Kagiso Media CEO\u201a said: \u201cOur new media businesses are well positioned for good growth\u201a while the full-year effects of the Juta acquisition will bolster the performance in our \u2018information and other\u2019 pillar.”<\/p>\n

During the current financial year, Kagiso disinvested its 50% share in business software and solutions provider, LexisNexis<\/a> and acquired a\u00a0100% stake in legal services entity the Juta Group<\/a> for R300 million.<\/p>\n

\u201cWe therefore plan to unlock continued organic growth in our home market. Furthermore\u201a we expect recent acquisitions \u2013 completed after our year-end \u2013 to be earnings-enhancing while supporting our long-term growth strategy\u201a\u201d Morobe said.<\/p>\n

He pointed out that a platform for expansion into selected markets in East and West Africa was in place.<\/p>\n

In prior results, Kagiso noted that HowzitMSN had grown rapidly to become South Africa’s largest website by audience as measured by the OPA.<\/p>\n

The group said that MSN was poised for expansion into East Africa and with further growth prospects from mobile and its continued channel rollout strategy.<\/p>\n

Related articles<\/strong><\/p>\n

Kagiso Media on acquisition trail<\/strong><\/a><\/p>\n

Kagiso Media reports 15% rise in H1 revenue<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Kagiso Media says its MSN division had to recalibrate itself after the loss of the online gambling advertising spend and is now well positioned to grow in 2013.<\/p>\n","protected":false},"author":9,"featured_media":22145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1791,4126,26,1245,4127,1790,1786,1792,1787,4125],"class_list":["post-22140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-east-coast-radio","tag-gagasi","tag-headline","tag-hotmail","tag-howzitmsn","tag-jacaranda-fm","tag-kagiso-media","tag-kaya-fm","tag-lexisnexis","tag-ofm"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/22140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=22140"}],"version-history":[{"count":7,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/22140\/revisions"}],"predecessor-version":[{"id":22143,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/22140\/revisions\/22143"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/22145"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=22140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=22140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=22140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}