Ferrari reported a 21% increase in full-year net profit for 2024, reaching 1.53 billion euros, with net revenues up nearly 12% to 6.7 billion euros and EBITDA at 2.56 billion euros. The company’s Milan-listed shares rose 4.5%, while U.S.-listed shares saw a 5% increase. Ferrari expects net revenues to rise by 5% to over 7 billion euros in 2025 and core earnings to grow by at least 5%. CEO Benedetto Vigna attributed the positive results to a strong product mix and growing demand for personalizations, with analysts anticipating Ferrari to outperform the automotive sector amid potential U.S. tariffs.
Full Article
News24 | As NPA is under fire over Cholota, Batohi announces preparations for Gupta extraditions
Summary Under scrutiny for the State's handling of an extradition ruling that permitted Ace Magashule's former PA, Moroadi Cholota, to evade justice, prosecutions chief Shamila Batohi has announced her intention to pursue the extradition of the Gupta brothers once more. This decision comes amid growing criticism regarding the effectiveness of the legal processes surrounding high-profile cases. Batohi's renewed efforts reflect a commitment to addressing perceived failures in the extradition system and ensuring accountability for those...
Read more