Business News Leaders

Truworths recovers to pre-Covid levels

Truworths says its profitability has recovered to pre-pandemic levels. The retailer’s posted a 32% increase in headline earnings per share, and says its performance comes despite dealing with headwinds like load shedding, civil unrest and supply chain disruptions. Business Day TV unpacked the results with CEO Michael Mark.

17 Feb 2022 12PM 7 min

Local investors see opportunity in crypto market

Cryptocurrency interest has been growing across the continent, with South Africa being one of the largest markets for some crypto platforms. Business Day TV caught up with Lead Data Analyst at Luno, Richard Ball and discussed the factors that are behind the uptick.

17 Feb 2022 12PM 6 min

South Deep shines as a standout performer in Gold fields’ results

"Increased output and higher gold prices gave Gold Fields annual performance a boost. The world's sixth largest producer of the yellow metal’s has reported a 6% rise in annual normalised earnings and has identified South Deep as the standout performer, with production on that end exceeding its original guidance. Business…

17 Feb 2022 12PM 8 min

Make Scale-Up’s heroes

"As government, we have a responsibility to enforce regulatory compliance in the SMME sector and close businesses that are trading illegally". These words, apparently barked by Minister of Small Business Development, Stella “I’m-too-fabulous-for-this-portfolio” Ndabeni-Abrahams, the person President Cyril Ramaphosa has appointed to supposedly help grow and nurture the engine room…

17 Feb 2022 8AM 25 min

DRDGOLD hurt by higher costs

DRDGold’s first-half profit slumped by nearly 48%.The miner has cited higher input costs, particularly for chemicals used in the separation process as the firm produces gold from tailings dumps. Lower prices also weighed as the average basket price received during the term declined by 13%. Business Day TV unpacked the…

16 Feb 2022 12PM 8 min

Consumer inflation moderates in January

Consumer inflation moderated in January, with the consumer price index (CPI) easing to 5.7% from 5.9% previously. The slowdown is largely as a result of lower fuel prices during the period. Business Day TV unpacked the print in more detail with Siobhan Redford from RMB.

16 Feb 2022 11AM 6 min

Emira rewards shareholders with higher H1 dividend

Emira Property Fund has declared an interim dividend of over 56 cents, reflecting a near 9% rise on the previous period's payout. The landlord, which has assets in South Africa and the US, says it's able to reward shareholders because of its strong balance sheet and liquidity position. Business Day…

16 Feb 2022 11AM 7 min

Executive and MBA education in the smart technology era

Harvard Business School (HBS) has announced the cohort of Executive Fellows for the 2021-22 academic year. With its largest cohort yet, 29, the Executive Fellows Program seeks to leverage the expertise of outstanding practitioners to enhance teaching and learning at the School. All fellows, including alumni, partner with an HBS…

16 Feb 2022 8AM 27 min

Ninety One rejects Heineken's buyout offer for Distell

An overwhelming majority of Distell's shareholders have voted in favour of Heinken's buyout offer for the company. Asset manager Ninety One, which holds than less than 5% of Distell’s stock, has rejected the deal saying Heineken’s offer is too low. Business Day TV spoke to Rob Forsyth, Investment Specialist at…

15 Feb 2022 12PM 7 min

Focus on small cap stocks

The JSE's Small Cap Index slipped by 1.7% in January but analysts are still seeing pockets of opportunity in that sector. Business Day TV caught up with Small Talk Daily’s Anthony Clark for a look at his top three picks.

15 Feb 2022 12PM 7 min

Unions to strike at Sibanye-Stillwater

Industrial action is looming in the gold sector with mineworkers agreeing to down tools at Sibanye-Stillwater. Members of the National Union of Mineworkers (NUM), the Association of Mineworkers and Construction Union (Amcu), UASA and Solidarity have voted to strike if their wage demand of a R1000 increase for the next…

14 Feb 2022 1PM 8 min

Airline industry starts to recover from Covid-19

Airports Company South Africa says the airline industry is slowly starting to recover from pandemic-related travel bans and this has been supported by an increase domestic flights. Business Day discussed this with the CEO of the Airlines Association of Southern Africa, Aaron Munetsi.

14 Feb 2022 11AM 8 min

The Week In Perspective

Today, we’ll truck into some of the junk ideology that continues to stifle growth and investment. There are signs that government is choosing to change its diet in parts and dine from the established, tried and tested macroeconomic diet of policies that have led to growth but there are also…

11 Feb 2022 6AM 27 min

Strong interest in private equity markets set to continue in 2022

Despite global central banks pulling back on stimulus and considering rate hikes, Schroders Capital still believes that private equity markets will perform well in 2022. Business Day TV caught up with the group's Co-Head of Private Equity Investments for Europe Richard Damming, for more detail

10 Feb 2022 11AM 7 min

Italtile's revenue slips as home improvement boom wanes

Italtile posted a 1% dip in half-year turnover, as the pandemic-induced home improvement boom waned. Business Day TV discussed the company's interim performance with its CEO Lance Foxcraft

10 Feb 2022 11AM 7 min

SONA Preview – BIG decisions ahead

A Business Day headline foghorned this week that ANC strife is a risk for SA security - Panel’. The panel was tasked with undertaking a critical review of the government’s preparedness and shortcomings regarding the civil unrest and violence of July 2021. The wounds from last year, the substantial human,…

10 Feb 2022 6AM 26 min

Sappi boasts 47% rise in Q1 sales

Higher sales prices gave Sappi’s first quarter performance a boost. The world's largest manufacturer of dissolving wood pulp has posted a 47% jump in sales and its core profit more than doubled, as the group enjoyed robust demand for all its products during the period. Business Day TV spoke to…

9 Feb 2022 1PM 7 min

Business morale improves in January

Business confidence has kicked off the year on a good note. The Chamber of Commerce and Industry's morale indicator rose to 94.1 points in January, mainly due to increased import and export activity as well as robust retail sales. Business Day TV unpacked the print with the CEO of SACCI…

9 Feb 2022 12PM 7 min

Global ETFs deliver record inflows in 2021

Global ETFs delivered record inflows last year. During 2021, inflows increased by 71% to $1.22 trillion. Business Day TV spoke to the MD of CoreShares, Gareth Stobie and discussed the factors that influenced the activity in that space

9 Feb 2022 11AM 7 min

Overcoming SA’s Railroad Blues

The Richards Bay Coal Terminal (RBCT) last year exported its lowest volume of coal since 1996. In exporting 58.72-million tons of coal, RBCT was 11-million tons down on what it achieved in 2020 and 18-million tons down on its 77-million-ton budget for the 2021 year. Cable theft has been a…

9 Feb 2022 9AM 25 min