Business News Leaders

Evolution of Payments in SA

The global payments landscape is shifting rapidly with the rise of banking as service, open banking, digital central bank currency trials, cryptocurrencies and I think it’s probably one of the most exciting times to be in the payments space, once considered the boring dumb pipes of our economic worlds, this…

15 Aug 2022 8AM 26 min

The Week in Perspective

This week’s market rally came to a screeching halt in the US overnight and has followed through into Asia this morning but not before the JSE recorded its best day in a month yesterday. Shares in MTN rose the most since January after the company said robust demand for its…

12 Aug 2022 8AM 25 min

MTN reports double digit earnings growth

MTN has posted a neat 47% jump in interim headline earnings per share, as Africa’s largest mobile operator benefited from increased demand for its data and fintech services. Business Day TV unpacked the earnings report with Dobek Pater, Telcos Analyst at Africa Analysis.

11 Aug 2022 1PM 9 min

Easing U.S inflation boosts rand

The South African rand has made a comeback. The local unit is trading near a 5-year high, mainly been driven by the softer-than-expected US inflation data. Business Day TV discussed the moves playing out in the currency scene with RMB’s Head of FX Execution Matete Thulare.

11 Aug 2022 1PM 5 min

Is Transnet sustainable post its swing to profitability?

Transnet is back in the black after posting an annual profit of R5 billion, but the African Rail Industry Association says maintenance backlogs and a growing salary bill puts the rail parastatal's sustainability at risk. Business Day TV spoke to Mesela Nhlapho, ARIA CEO for more detail.

11 Aug 2022 1PM 8 min

Banking on dividends

Nedbank was the first out of the blocks yesterday with an eye-catching 81% increase in its dividends as all eyes are on local bank earnings this month. Retail credit applications rejections are at an all-time high amidst historically high application levels. SA Banks are likely to continue to focus on…

11 Aug 2022 8AM 26 min

Nedbank lifts interim dividend by 81%

Nedbank has reported a 26% rise in half-year headline earnings per share, mainly driven by a strong showing by most of its units. The performance has translated into an 81% surge in the lender’s dividend to R7.83, which is above pre-pandemic levels. Business Day TV discussed the company’s half-year performance…

10 Aug 2022 12PM 7 min

Strong demand for packaged goods, higher selling prices boost Mpact

Mpact had a bumper first half. The group's headline earnings per share jumped by just over 31%, thanks to robust demand for packaged goods coupled with higher selling prices. Business Day TV spoke to CEO Bruce Strong for more detail.

10 Aug 2022 12PM 8 min

Women in Private Equity

How do we mind the gap and fix the mix when it comes to gender and diversity in private equity? Women are significantly underrepresented among the investment decision-makers at private equity and venture capital firms, as well as in the leadership of companies that receive this investment capital. The finance…

10 Aug 2022 6AM 26 min

OPEC+ agrees to small oil output hike

OPEC+ has agreed to raise its oil output goal by 100,000 barrels per day next month, marking one of the group’s smallest increases on record. Business Day TV spoke to Raymond Phillips, Commodities Trader at RMB for more detail on what the decision means for the oil market.

5 Aug 2022 10AM 4 min

Bitcoin posts double digit gains in July

Bitcoin hit a 10-month high, after the cryptocurrency's price increased by 17% in July. Business Day TV discussed the factors driving the uptick with Marius Reitz from Luno.

4 Aug 2022 2PM 6 min

Are analysts seeing value in SA's banking sector?

Despite tepid domestic growth and the central bank's hawkish stance weighing on consumers’ pockets, South Africa's banks are performing well. Business Day TV spoke to Senior Banks Analyst at Intellidex, Nolwandle Mthombeni for her view on the sector.

4 Aug 2022 2PM 6 min

Sappi delivers record Q3 earnings

Sappi has posted a strong third quarter performance, bolstered by strong global demand and pricing momentum. The paper and packaging company's earnings before interest, taxation, depreciation and amoritisation rose to a record $371 million from $145 million previously, and the firm expects the robust pricing and demand environment to continue…

4 Aug 2022 1PM 8 min

TymeBank to buy SME-focused Retail Capital

TymeBank is buying SME-funder Retail Capital to make a big push into business banking. The deal, which is subject to regulatory approval, will allow TymeBank to to expand its offering to entrepreneurs to include working capital finance. Business Day TV spoke to TymeBank’s CEO Coen Jonker about the acquisition.

3 Aug 2022 1PM 6 min

UK bans Bain from state contracts for 3 years over State Capture work in

Bain & Co has been banned from tendering for UK government contracts for three years. The ban follows pressure from former UK MP Peter Hain who has said that the global consulting firm must be held accountable for its role in state capture in South Africa. Business Day TV spoke…

3 Aug 2022 12PM 8 min

Royal Bafokeng Platinum remains cautious as it eyes a recession

Royal Bafokeng Platinum has halved its interim dividend, after higher costs and lower prices weighed on profit. The miner says it remains cautious of the current operating environment. Business Day TV unpacked the results with CFO Rotshidzwa Manenzhe.

2 Aug 2022 1PM 6 min

JSE benefits from market volatility

The JSE benefitted from market volatility in its first half. Increased trading activity helped Africa's largest stock exchange grow revenue across its business segments, with top-line growth registering an 11% increase and headline earnings per share growing by 29%. Business Day TV spoke to CEO Leila Fourie for her take…

2 Aug 2022 12PM 8 min

Rubber Hits The Road on Tariff Application

The issue of tariffs was thrown into stark relief yesterday when the DTIC failed to extend tariffs on chicken imports as food costs rise. And its interesting to note against the backdrop of a recent tariff application by the SA Tyre Manufacturers Conference (SATMC) to ITAC for the imposition of…

2 Aug 2022 8AM 20 min

Greylist Economic Outcome

Greylist has black and white economic outcome. I’m pleased to see South Africa’s looming potential greylisting by the Financial Action Task Force (FATF) is starting to receive the attention it deserves. National Treasury has certainly upped the ante publicly along with several respected CEOs, including Sim Tshabalala of Standard Bank…

2 Aug 2022 8AM 26 min

Trade of the Week - Meta Platforms | Bank of America

Join Independent Analyst, Loyiso Mpeta as he shares technical analysis on Meta Platforms and Bank of America

1 Aug 2022 1PM 4 min