Business News Leaders

How Aspen brought down its debt

Aspen CEO Stephen Saad spoke to Business Day TV about the firm’s plan to deleverage its balance sheet after it slashed its debt to R37.9 billion, following the sale of its Japanese business.

9 Mar 2020 1AM 8 min

How Fortress REIT navigates a difficult market

Fortress has adjusted how it calculates shareholder dividends, as it tries to be more conservative in a difficult operating environment. Business Day TV caught up with the firm's CEO Steven Brown about that move, as well as the company's half-year performance.

9 Mar 2020 1AM 6 min

Why Stadio holds back on dividend despite profit growth

Stadio says it has exceeded the strategic objectives and financial benchmarks set out in its pre-listing statement. The education group has reported a 7% increase in student numbers during its full-year, which supported a 9% rise in earnings for the period. Business Day TV spoke to Stadio's CEO Chris van…

5 Mar 2020 1AM 6 min

Why Standard Bank delivered a lacklustre annual performance

Standard Bank's delivered a lacklustre year-end performance, with headline earnings growth of just 1%. That's as a constrained macroeconomic environment, particularly in South Africa, along with losses at its joint venture with China's ICBC weighed. Business Day TV unpacked the performance with the lender's CEO Sim Tshabalala.

5 Mar 2020 1AM 8 min

How budget allocations positions Gauteng for growth

Gauteng's budget for 2020/21 has grown by R10 billion rand, and prioritises the health and education sectors. Business Day TV spoke to Gauteng MEC for Finance Nomantu Nkomo-Ralehoko about the spending plan, as well as the growth trajectory envisioned for the province.

5 Mar 2020 1AM 7 min

Why Mpact swings to annual loss

Mpact has swung to an annual loss of over R880 million, as tough trading conditions, accounting changes and an impairment weighed during the period. The company says it will focus on cash preservation moving forward, as it expects operating conditions to remain challenging. Business Day TV spoke to Bruce Strong,…

4 Mar 2020 1AM 8 min

How Afrox managed to grow its total dividend by 31%

African Oxygen has managed to recover from restructuring costs and equipment write-downs, delivering an over 31% surge in full year earnings. Business Day TV unpacked those numbers with CEO Schalk Venter.

4 Mar 2020 1AM 8 min

How Murray & Roberts grows half-year order book by 60%

Murray & Roberts has delivered a solid half-year performance, largely supported by a strong showing from its underground mining platform. The company managed to grow its order book by 60% during the period. Business Day TV spoke to Henry Laas, CEO of Murray and Roberts

4 Mar 2020 1AM 7 min

How the rand's reacted to SA's grim GDP figures

The rand has been knocked severely, hit by both local and global factors. Business Day TV spoke to RMB's Jan Sluis-Cremer to get to grips with the latest GDP numbers, along with the impact the print's had on the local unit.

3 Mar 2020 5AM 5 min

How Attacq managed to lift distribution growth by double digits

Property group, Attacq has defied the odds delivering double digit distribution growth in a challenging economic environment. Business Day TV spoke to COO, Jackie van Niekerk for more insight on the interim results.

3 Mar 2020 1AM 6 min

Why SA has slipped into a technical recession

A fourth quarter GDP contraction of 1.4% following a decline of 0.8% previously places South Africa in a technical recession. Owing to Eskom’s power supply issues and the coronavirus a meaningful improvement doesn’t appear to be on the cards. Business Day TV spoke to Lumkile Mondi from Wits University about…

3 Mar 2020 1AM 8 min

How SA's lacklustre growth weighed on Nedbank in 2019

South Africa’s lacklustre growth is weighing on Nedbank. The financial services provider produced a 7% decline in annual headline earnings. The performance was further impacted by hyperinflation in Zimbabwe and costs related to increasing its stake in Banco Unico. Business Day TV spoke to Mike Brown, Chief Executive of Nedbank…

3 Mar 2020 1AM 7 min

How accounting changes soured RCL's half-year performance

Accounting changes and once-off items have soured RCL's interim performance, that’s as headline earnings per share fell by 2.7%. Business Day TV unpacked the numbers with CEO Miles Dally.

2 Mar 2020 1AM 5 min

Why Bidvest's interim earnings have taken a knock

Bidvest's interim earnings have taken a knock. The services, trading and distribution group has reported a near 11% decline in interim headline earnings per share, as accounting changes and an SAA write-down weighed. Business Day TV spoke to Lindsay Ralphs, CEO of Bidvest for his assessment of the numbers.

2 Mar 2020 1AM 8 min

How current PMI levels are comparing to 2008 financial crisis

Activity at South Africa’s factory gate continues to slow. The Absa PMI has suffered its fourth month of decline coming in at 44.3 in February, its lowest level since the 2008/2009 financial crisis. Business Day TV spoke to Miyelani Maluleke, Senior Economist at Absa about the current print and what…

2 Mar 2020 1AM 7 min

Is a Moody's downgrade inevitable?

Analysts and economists have largely welcomed the 2020 Budget with consumers being offered some tax relief and expenditure being cut by reigning in public sector wage bill, that’s been spiralling out of control. Only two of the right notes were struck on Wednesday but was it necessarily a Moody's budget?…

2 Mar 2020 1AM 6 min

How Spur raises dividend by almost a quarter after profit windfall

Spur has posted an 8.4% rise in group revenue despite continued pressure on South Africa's economy. The owner of chains such as RocoMamas and Hussar Grill, says the recovery of an impairment provision of R10.8 million related to its transaction with Grand Parade Investments, is part of the reason why…

27 Feb 2020 1AM 7 min

How a rise in global stocks gives Liberty a boost

Liberty has benefitted from equity market performances during its full-year. This has helped the group deliver headline earnings growth of 23% as the company's Share Investment Portfolio made the most of those gains. David Munro, CEO of Liberty joins us for greater perspective on the numbers.

27 Feb 2020 1AM 6 min

Why Massmart withholds dividend as it swings to a loss

Massmart has swung to an annual loss of over a billion rand. This largely due to an impairment related to the group's non-profitable stores in Massdiscounters and Masscash stores which is inclusive of Game and Dion Wired. The division's were hard hit during the period with its trading profit plummeting…

27 Feb 2020 1AM 8 min

How SAA contract breach weighed on Comair's profit

Comair has reported a headline loss of R564m. This comes after SAA breached its settlement agreement for the outstanding R790 million it owes the airline group. This coupled with higher operational costs related to aircraft leases and rising maintenance costs has weighed on its interim performance. Comair CEO Wranell Stander…

26 Feb 2020 1AM 5 min