The achievements, SAMRO said, were secured amid a challenging economic environment characterised by increased load shedding (electricity cuts), which resulted in elevated business operating costs for most licensees. In addition, the collective management organisation (CMO) said its steadfast commitment to serving its members yielded a significant improvement in overall performance.
During it annual general meeting in December, SAMRO announced that its revenue grew by 15.3%, from R514.9m ($27m) in 2022 to R593.7m in 2023.
SAMRO’s total…
