The directors of New Africa Investments Limited (Nail) expect headline earnings per share (Heps) for the year ended June 30 2012 to be between 200% to 233% higher when compared with the corresponding period in 2011.
This is primarily due to the increase in income received from their associate Kaya FM and interest received from the South African Revenue Service relating to a tax refund.
The expected ranges are between 10 cents to 11c from 3.3c in the previous year.
The results for the year ended June 30 2012 will be published on or about 14 September.
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.