Moneyweb gets out of loss, 2016 revenue rose to ZAR17 million


Moneyweb in its financial report posted R17 million revenue for fourth quarter 2016 compared to R14.5 million it recorded same period 2015.

The company posted net profit of  R342 000 for 2016 compared to R3 million recorded same period 2015.

Moneyweb is said it focused on continuing to grow its revenues across all platforms. There will be further investment in our video production unit from a capital expenditure perspective. This will be to produce top quality video productions to be broadcast on television.

Moneyweb said its aim is to not only obtain traditional advertising spend but also to obtain production budgets used for television. Moneyweb has renewed its SABC contract for another 3 years. There will thus be further opportunities to extend MoneywebÆs airtime on commercial and public SABC stations.

Moneyweb will continue to put high-end events together for opinion leaders to network. This is a great way for brands to distinguish themselves from the competition.

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