Business News Leaders

Afrimat’s Gravenhage deal falls through

Afrimat's plans to acquire the Gravenhage manganese right in the Northern Cape has fallen through, due to a dispute over the nature of its water licence. Business Day TV discussed this with Afrimat CEO Andries van Heerden.

22 Aug 2022 12PM 8 min

Workforce gets lift as pandemic fades

Easing Covid-19 restrictions, coupled with robust demand for upper-level managers, gave Workforce’s annual performance a boost. The recruitment and outsourcing group has reported a 21% rise in revenue but has not declared a dividend, saying it will hold on to cash due to current economic uncertainties.

22 Aug 2022 12PM 7 min

Billions tied up in overdue ITAC customs duty investigations

I was facilitating the Steel Masterplan Conference recently where the theme of a bring-and-braai, emerged around how we approach tariffs and industrialisation, if one your mates at a bring-and-braai keeps on only bringing peanuts while you bring the fillet you are going to let them know, but does it ruin…

22 Aug 2022 8AM 24 min

Spur serves up 'strong' performance

Spur Corporation has delivered a strong full-year performance, despite challenging economic conditions. The owner of Panarottis and RocoMamas posted revenue growth of 32.5% as restaurants benefited from an end to curfew, and a 30% jump in headline earnings. Business Day TV spoke to Spur’s CEO Val Nichas for more detail.

19 Aug 2022 11AM 6 min

Standard Bank delivers record profit

Standard Bank has delivered record profit for its half year. The lender’s headline earnings per share grew by 33% to R15.3 billion and it’s lifted its dividend for the period by 43%. Standard Bank’s cited continued balance sheet and franchise growth. Business Day TV unpacked the performance with CEO Sim…

19 Aug 2022 11AM 8 min

The Week in Perspective

The JSE ended little changed on Thursday after the US Federal Reserve’s mixed signals overnight about the trajectory of inflation and interest rates — the two interrelated themes that have been driving market psychology for months. The R5.49-trillion resource 10 index is beholden to commodity prices, which have fallen sharply…

19 Aug 2022 10AM 26 min

Prudential Authority issues directive on crypto monitoring

Luno has welcomed the Prudential Authority’s directive to discourage banks from cutting services offered to cryptocurrency firms. The regulator says cutting these services will make it difficult to monitor money laundering and terrorist financing. Business Day TV discussed this with Luno's General Manager for Africa, Marius Reitz.

18 Aug 2022 2PM 6 min

Exxaro post double digit earnings growth

Exxaro’s delivered a 48% jump in half-year revenue and a 26% increase in headline earnings per share, mainly due to a strong showing by its coal business. Business Day TV unpacked the results with CEO, Nombasa Tsengwa.

18 Aug 2022 2PM 7 min

Higher fees, student growth and state subsidy boost Curro

An increase in learner numbers, higher tuition fees and a R25 million subsidy income from government worked in Curro’s favour during its interim period. The private-education group has posted revenue growth of 15.5% and a near rise 42% in headline earnings per share. Business Day TV analysed the group's half-year…

18 Aug 2022 2PM 8 min

Mind the (pay) gap

Financial services firm PwC’s annual survey of listed company executive directors released on Tuesday showed that though the representation of women in CEO and CFO posts had improved, women still occupied just 19% of top finance posts in June, up from 17% in 2021. Across the JSE, female CEOs constituted…

18 Aug 2022 10AM 23 min

Retail sales decrease in June

Retail sales took a knock in June after recording a contraction of 2.5% year on year, and indicating that consumers remain under pressure amid rising inflation. Business Day TV unpacked the print with Economist at RMB, Siobhan Redford.

17 Aug 2022 1PM 6 min

Outa raises concerns about fuel levy hike

South Africans are set for some relief in September, with a fuel price reduction on the cards due to a stronger rand and lower oil prices. Civil action organisation Outa meanwhile, has raised concerns that the government might not pass the savings to motorists, and instead use it to fund…

17 Aug 2022 1PM 7 min

Emira grows distributable earnings by nearly 4%

Emira Property Fund has posted a near 4% increase in annual distributable earnings, and lifted its full-year dividend by 1%. The REIT says the steady performance of the local industrial and retail sectors countered the strained office market during the period. Business Day TV unpacked the performance in greater detail…

17 Aug 2022 11AM 7 min

The art and science of economic forecasting

“Forecasting: the attempt to predict the unknowable by measuring the irrelevant; this task employs most people on Wall Street.” The words of Jason Zweig, author of the Devil's Financial Dictionary, are partly true of many so-called investment experts. We hear a lot from financial forecasters every January, as strategists prognosticate…

17 Aug 2022 7AM 24 min

Seriti makes renewable energy shift with Windlab purchase

Seriti Resources plans to acquire a majority stake in Windlab Africa for R892 million, as the coal miner looks to diversify its energy business while also decreasing its carbon footprint. Business Day TV spoke to Mike Teke, CEO of Seriti for more on the merits of this deal.

16 Aug 2022 2PM 10 min

Outlook for emerging markets

Emerging market currencies had a bad start to the week on the back of weak Chinese data. Some investors are however still betting on these economies, saying they provide some comfort as developed economies bear the brunt of rising inflation and slowing growth. Business Day TV spoke to Gemcorp’s Chief…

16 Aug 2022 1PM 6 min

Higher commodity prices give BHP’s earnings a boost

BHP has delivered bumper profits. The world's biggest miner by market value has posted a 54% jump in headline earnings per share, driven by surging commodity prices. Business Day TV unpacked the numbers with Investment Analyst Seleho Tsatsi.

16 Aug 2022 1PM 6 min

Trade of the Week - DRD Gold and Pan African Resources

Join Independent Analyst Loyiso Mpeta, as he takes us through what the charts are saying about the gold price and mid-tier gold counters like DRD Gold and Pan African Resources.

15 Aug 2022 1PM 10 min

Absa gives shareholders a reason to smile

Absa has more than doubled its interim dividend to R6.50. The payout follows a 27% jump in the lender’s headline earnings per share, boosted by a better than expected performance by the local economy. Business Day TV caught up with Absa’s Financial Director Jason Quinn, for more detail.

15 Aug 2022 1PM 8 min

Strong export coal prices boost Thungela

Thungela Resources hit the lights out at its half-year mark. The coal miner’s profit rocketed from R351 million to R9.6 billion as energy prices surged, in the wake of the Russia-Ukraine conflict. Business Day TV spoke to CEO July Ndlovu for greater perspective on the results and its sustainability moving…

15 Aug 2022 1PM 8 min