Business News Leaders

Northam Platinum withholds interim dividend

Northam Platinum has withheld its interim dividend, citing the need to consider its growth prospects. The move comes despite a more than 66% jump in profit as the firm benefitted from buoyant metal prices. Business Day TV spoke to CEO Paul Dunne for more detail

31 Mar 2022 11AM 7 min

South Africa's tech startup ecosystem

Technology startups and the venture capital ecosystem that transforms ideas and fledgling companies into disruptive businesses are growing and expanding in Africa. Africa and South Africa enjoys a fertile environment for tech entrepreneurs due to the continent’s youthful and growing population, rising internet penetration, and the application of emerging technologies…

31 Mar 2022 7AM 26 min

Famous Brands bets on plant-based dining market

Famous Brands is betting on the plant-based dining market. The branded food services franchiser has acquired a 51% stake in Lexi's Healthy Eatery for an undiscolsed amount, which gives it access to Lexi's franchise and central kitchen operations. Business Day TV discussed deal with Keith McLachlan, Investment Officer at Integral…

30 Mar 2022 12PM 7 min

South Africa’s jobless rate hits record high

South Africa’s unemployment rate rose to a record high of 35.3% in the last quarter of 2021, with job losses mainly recorded in the manufacturing and construction sectors. Statistics South Africa however still sees light at the end of the tunnel with statistician general Risenga Maluleke saying that employment will…

29 Mar 2022 1PM 8 min

Rand continues to strengthen

The South African rand has managed to stand its ground, despite ongoing geopolitical issues. The local unit traded below the R15 mark to the US dollar, and inched closer to a five-month high. Business Day TV caught up with RMB’s Head of FX Execution and discussed the moves playing out…

29 Mar 2022 12PM 7 min

Brimstone resumes dividends as it swings to profit

Brimstone has reinstated its dividend, following a return to profit. The investment holding company halted dividends after Covid-19 weighed on its portfolio of investments but trading conditions have since improved and it’s posted annual profit of R920.9 million compared to a loss of R43.8 million previously.

29 Mar 2022 12PM 9 min

Share Shootout

Many investors have never experienced inflation like we have seen the last few months, so it may be a good time to revisit your portfolio and confirm whether you still feel confident. So for this month’s share shootout we’ve asked our stock pickers for 3 of the best to weather…

29 Mar 2022 8AM 26 min

Tiger Brands invests in plant-based food

Tiger Brands is betting on Africa’s plant protein market, which is projected to grow at a compound annual growth rate of 6.5% to $560.62 million by 2023. The food and beverage group has invested in Herbivore Earthfoods via its venture capital fund for an undisclosed amount, and says the deal…

28 Mar 2022 11AM 6 min

ADvTECH reports double-digit profit growth

ADvTECH has delivered double-digit earnings growth, with headline earnings per share for the twelve months to December up 33%. The private education provider has cited solid enrolment growth, a significant improvement in up-to-date school fees and a focus on efficiency. Business Day TV caught up with the CEO Roy Douglas…

28 Mar 2022 11AM 8 min

Can SA Tourism Live Again?

How will local tourism look to capitalise on the recent scrapping of the mandatory requirement for a negative PCR test for vaccinated travellers to enter South Africa? Can the sector truly live again as the new marketing slogan implores us to do? Joining Michael for this discussion is Tshifhiwa Tshivhengwa,…

28 Mar 2022 8AM 26 min

The Week In Perspective

President Cyril Ramaphosa has reached 95% of the five-year, R1.2-trillion investment target he set when he launched his investment drive in 2018, and he expects that companies that have pledged new investments at his four conferences will give others the confidence to follow suit. The Reserve Bank hiked by 25…

25 Mar 2022 7AM 25 min

Soft commodity prices surge on Russia-Ukraine war​

The Russia-Ukraine conflict has driven soft commodity prices to record highs, raising alarms for investors as Russia and Ukraine account for about 29% and 19% of global wheat and maize exports respectively. Business Day TV unpacked the impact that rising prices could have on global food supplies with Wandile Sihlobo…

24 Mar 2022 1PM 6 min

Inflation woes prompt Reserve Bank to hike rates

South Africa’s Reserve Bank has raised interest rates by 25 basis points, as inflation remains at the higher end of the Bank’s 3%-6% target band. The move takes the repo rate to 4.25%, and marks the monetary policy committee’s third consecutive rate hike. The Bank has also ramped up its…

24 Mar 2022 12PM 8 min

Remgro more than doubles first-half profit

Remgro has more than doubled its interim profit, with headline earnings per share surging by 139%. The investment holding conglomerate has pointed to an earnings recovery by most of its investee companies, which include Mediclinic, Grindrod Shipping and TotalEnergies. Business Day TV spoke to CEO Jannie Durand for more detail.

24 Mar 2022 12PM 8 min

BPO uses smart tech to grow

To paraphrase the famous playwright George Bernard Shaw, “Those who can, do. Those who can’t, outsource”. For many companies, business process outsourcing (BPO) allows them to contract certain back-office and front-office functions – such as customer relations, HR management and even accounting – to third-party solutions providers. This in turn…

24 Mar 2022 8AM 26 min

Inflation holds steady in February

Consumer prices held steady at 5.7% in in February, but rising food and transport prices put upward pressure on the monthly rate and saw CPI up 0.6% month-on-month. Business Day TV unpacked the print with RMB economist Siobhan Redford.

23 Mar 2022 1PM 6 min

A2X bags another listing

Companies are seeing value in the secondary listing market, and car dealership Motus is one of those firms. The company’s announced that it plans to list on the A2X, with its shares being available for trade from April. Business Day TV caught up with the CEO of A2X, Kevin Brady…

23 Mar 2022 1PM 7 min

Commodities - boom or bust?

Global inflation is intensifying with the Russia-Ukraine war approaching its fourth week. Historically commodities have thrived in high inflationary environments, and the year-to-date performance of the Rogers International Commodity index is reflective of that with the outlook for the asset class remaining positive for the rest of the year. Business…

23 Mar 2022 1PM 7 min

National Infrastructure Plan 2050

Infrastructure has become something of a national fixation. Successive economic policy documents, from RDP, to GEAR and Asgisa to the Economic Reconstruction and Recovery Plan, all had a major focus on how the country’s infrastructure programme could be used to catalyse growth and to varying degrees be used as levers…

23 Mar 2022 7AM 25 min

Master Drilling holds onto its dividend

Master Drilling has delivered record annual revenue of $171.8 million, while headline earnings per share more than doubled to 12.9 US cents. The global drilling company has however decided to hold onto its dividend, citing concerns around the ongoing conflict between Russia and Ukraine. Business Day TV discussed the performance…

22 Mar 2022 12PM 8 min