Business News Leaders

South Africa's economy expands in 2021

South Africa's economy is showing signs of growth. Gross domestic product expanded by 4.9% last year, due to higher activity in finance, personal services and in the manufacturing sectors. Business Day TV discussed the print with Stanlib’s Chief Economist Kevin Lings.

8 Mar 2022 11AM 6 min

Shoprite shrugs off effects of July unrest

Shoprite has managed to deliver double digit sales and profit growth during its half-year, despite the impact of the July's unrest. The retailer opened 62 new stores during the period which helped boost sales by 10% while profit grew 25%. Business Day TV unpacked the performance with CEO Pieter Engelbrecht.

8 Mar 2022 10AM 8 min

Climate change report offers risks and hope

The recently published second part of the sixth IPCC Assessment Report (AR6) leaves little room for doubt. Written by 270 researchers from 67 countries, the report is “an atlas of human suffering and a damning indictment of failed climate leadership,” said António Guterres, the United Nations secretary general. “With fact…

8 Mar 2022 6AM 25 min

Massmart scraps dividend for third year

Massmart's annual net loss widened by more than a quarter to R2.2 billion, as the owner of Game, Makro and Builders struggled to regain its footing after being impacted by Covid-19 restrictions and July's riots. The group's scrapped its dividend for a third consecutive year. Business Day TV unpacked the…

7 Mar 2022 12PM 7 min

Robust demand gives Mpact a boost

Improved domestic demand for Mpact's products gave its annual performance a boost. The packaging company delivered a 12.6% rise in full year revenue and an 89% surge in headline earnings per share. Business Day TV spoke to CEO Bruce Strong for more detail

7 Mar 2022 12PM 7 min

Russian Sanctions

Russia’s invading forces have bombed targets in Kyiv, Kharkiv and elsewhere in Ukraine, prompting fears of rising civilian casualties and growing questions as to whether the west could step up military, economic or other efforts to help. Vladimir Putin has told the French president, Emmanuel Macron, that Ukrainian intransigence means…

7 Mar 2022 6AM 22 min

Unpacking opportunities in Southern Africa's gas sector

Southern African eyeing gas and renewables as the best energy solution as demand for climate action and global decarbonisation grows. Nosizwe Dlengezele, the Regional Sales Executive for GE Gas Power Sub-Saharan Africa joined Business Day TV to discuss the role that gas will play in the region’s energy transition.

4 Mar 2022 9AM 8 min

The Week In Perspective

As the Ukrainian war enters its 9th day and bombs rain down on civilian targets and nuclear power plants are caught up in the crossfire while the West watches meekly on it’s been another grim week for the world. The ANC’s abstention at the UN vote a foghorn of the…

4 Mar 2022 6AM 26 min

Record coal prices give Exxaro a boost​

Exxaro’s delivered double digit profit growth during the annual period. The miner has reported a 58% jump in headline earnings per share while revenue rose by 13%, despite problems with South Africa's rail network, which weighed on production and exports. Business Day TV unpacked the results with Exxaro’s CEO, Mxolisi…

3 Mar 2022 12PM 7 min

Sibanye-Stillwater books record profit

Sibanye-Stillwater has posted record profit of R33.1 billion as the world’s largest platinum miner benefited from an improved operational performance in South Africa and a surge in rhodium prices. Business Day TV unpacked the performance with CEO Neal Froneman

3 Mar 2022 12PM 6 min

FirstRand’s half-year profit leaps 41%

FirstRand's reported a 41% jump in half-year profit. South Africa's largest bank, by market value, saw impairment charges fall from their pandemic levels, allowing the lender to unwind credit provision for Covid-19 related losses. Business Day TV spoke to CEO Alan Pullinger for more detail.

3 Mar 2022 11AM 7 min

Russian Roulette

8 Days ago, with bombardments of artillery, heavy equipment and small arms, Russian troops launched attacks from Ukraine’s northern border with Belarus, across its eastern frontier with Russia, and in the south from Crimea, the Ukrainian peninsula Russia invaded and annexed in 2014. Vladimir Putin’s full-scale military invasion of Ukraine,…

3 Mar 2022 7AM 28 min

Murray and Roberts returns to profitability

Murray and Roberts is back in the back. The engineering group has reported a return to profit with headline earnings coming in at R51 million during its first half, from a loss of R111 million previously. The group says its financial results are evidence that its strategic efforts, especially over…

2 Mar 2022 12PM 7 min

Cashbuild posts big fall in profit

Cashbuild has reported a 27% fall in first-half headline earnings per share, with the impact of July’s civil unrest and looting weighing on its performance. The building materials retailer expects trading conditions to remain uncertain due to Covid-19 and its economic impact. Business Day TV unpacked the performance with CEO…

2 Mar 2022 10AM 7 min

Helping Business Recover With The Business Builder’s Toolkit

We can take our minds of the Ukraine War and rising oil prices for a while as we settle in to talk about the world of building businesses and helping small businesses in particular bounce back from the pandemic. The following is an extract from my next guest’s new book,…

2 Mar 2022 6AM 25 min

Foreign investors dump South African bonds

International investors have been dumping local bonds over the past week, with data showing that net sales amounted to R3.4 billion. This comes as emerging market sentiment soured on the back of escalating tensions between Ukraine and Russia. Business Day TV discussed this in detail with RMB's Fixed Income and…

1 Mar 2022 12PM 5 min

JSE declares a special dividend

The JSE has given shareholders a reason to smile. Africa's largest stock exchange has increased its annual dividend by 4% to R7.54 and declared a special dividend of R1. The hefty payout comes despite pressure from the low interest rate environment, which weighed on finance income and earnings. Business Day…

1 Mar 2022 12PM 8 min

Operational issues weigh on Impala Platinum’s earnings

Impala Platinum has posted a 4.3% drop in interim headline earnings, as the world’s third-biggest platinum miner had to contend with intermittent power supply, industrial unrest and extended safety stoppages during its half year to end-December.Business Day TV unpacked the performance with CEO Nico Muller

1 Mar 2022 12PM 8 min

Animal Spirits

Last month we started the animal spirits by saying that the standoff over Ukraine remains a thorn in the market's side, with concerns a Russian invasion would also cut vital gas supplies to western Europe. Well those concerns and worst fears were realised and have dominated moves in asset prices…

1 Mar 2022 6AM 25 min

Focus on the Russia-Ukraine conflict

Ukrainian authorities have called for an immediate ceasefire with talks taking place with Russia at the Ukraine-Belarus border on day five of Moscow's invasion. Business Day TV analysed the situation and its impact in greater detail with Adrian Saville, Investment specialist at Genera Capital AND Professor in Economics at GIBS.

28 Feb 2022 12PM 8 min