Business News Leaders

MTN Zakhele Futhi lists on the JSE

MTN Zakhele Futhi has listed on the empowerment arm of the JSE. This will be the second time that MTN facilitates a listing on this nature. MTN Zakhele Futhi holds approximately 77 million shares in MTN amounting to 4% of MTN's issued share capital and will be listed for a…

25 Nov 2019 1AM 7 min

Focus on insurance industry trends

A survey by Santam on insurance trends has revealed that a number of corporates and consumers see the challenging economy as the biggest risk in South Africa over the next two years, followed by political unrest and social change risk. Joining Business Day TV in studio now with further insight…

22 Nov 2019 1AM 6 min

Tsogo Sun Hotels reports first set of results since unbundling

Tsogo Sun Hotels has reported its first set of results since unbundling from Tsogo Sun, reporting headline earnings per share of 5.2 cents. That's as it had to deal with tough trading conditions both locally and at its African operations. Business Day TV sat down with the group's CEO Marcel…

21 Nov 2019 1AM 7 min

Life Healthcare mulls Polish exit

Private hospital group Life Healthcare is exploring an exit from Poland. That's despite its international operations outperforming is local business. Business Day TV spoke to the group's CEO Shrey Virana about why the company is considering the shift in strategy.

21 Nov 2019 1AM 7 min

Sarb keeps repo rate at 6.5%

The SA Reserve Bank has erred on the side of caution and kept interest rates on hold even though its revised down its economic growth forecast for 2019 to 0.5% and inflation remains below the mid-point of its 3%-6% target band. Business Day TV's Alishia Seckam unpacked the decision with…

21 Nov 2019 1AM 8 min

SAA strike enters sixth day

Just yesterday, the South African Cabin Crew Association said that the SAA wage talks were positive, fast-forward to today and talks have collapsed. Unions, Sacca and Numsa are currently engaged in mediation under the auspices of the CCMA. Christopher Shabangu, deputy president of the SA Cabin Crew Association spoke to…

20 Nov 2019 1AM 8 min

How will PPC survive tough trading conditions?

A weak building market in South Africa coupled with hyperinflation in Zimbabwe has led to a 12.5% fall in interim revenue for PPC. Business Day TV sat down with the group's CEO, Roland van Wijnen to discuss the numbers and what it means for the company's survival.

20 Nov 2019 1AM 7 min

Will the Sarb cut interest rates?

South Africa's inflation rate hit an 8 year low in October, coming in at 3.7%. This is well below the midpoint of the Sarb's 3% to 6% target range. But is this enough to trigger an interest rate cut? Business Day TV spoke to Reezwana Sumad from Nedbank CIB to…

20 Nov 2019 1AM 5 min

SAA approaches Labour Court as strike continues

Today marks the fifth day of the SAA strike. The airline's CFO, Deon Fredericks has warned that the ongoing industrial action runs the risk of putting SAA out of business. The company has since approached the labour court to block any additional demands from unions. Political Analyst, Daniel Silke warns…

19 Nov 2019 1AM 8 min

Netcarewarns of difficulties in 2020

Netcare's warning against muted patient day growth in the next financial year, as limited medical scheme membership growth and an increasing number of beneficiaries being covered by restricted hospital network options, takes hold. The red flag comes on the back of the group's annual results out today - which showed…

18 Nov 2019 1AM 6 min

Astral reports 55% slump in annual profit amid tough conditions

Astral released its full-year numbers today reporting a 55% plunge in earnings due to the group's poultry division being hit by higher feed costs. On the other hand, the company's feed division benefitted from a rise in raw material prices helping boost revenue by 6.1%. The group says that its…

18 Nov 2019 1AM 7 min

Barloworld plots path for future growth

Barloworld released its annual results on Monday showing that revenue and operating profit have been hit by a triple whammy. The closure of the group's loss-making logistics business, logistics revenue falling back nearly 13% and the automotive division's revenue also down, But it has managed to lift operating profit by…

18 Nov 2019 1AM 7 min

SA's inflation outlook

Well we have the latest CPI print due out on Wednesday and that will be part of the data that the Monetary Policy Committee looks at when it decides on interest rates at its last meeting for 2019 - with that decision due on Thursday. Joining Business Day TV to…

18 Nov 2019 1AM 4 min

The rise of passive investing in SA

Research from Blackrock has revealed that total global investment flows into passive products in 2018 stood at R514-billion, with the industry's total assets under management at the end of the year standing at $4.79-trillion. And while the use of passive products is still small in South Africa, the shift is…

15 Nov 2019 1AM 6 min

NUMSA to go on strike at SAA, indefinitely

Despite offering a revised wage increase offer, SAA may be in for some turbulence. Numsa and Satawu have confirmed that they will be go ahead with planned strike action tomorrow which will last indefinitely. The unions also remain disgruntled about potential job cuts. In the meantime, SAA board member, Martin…

14 Nov 2019 1AM 8 min

Dale Capital completes inward listing on ZAR X

Dale Capital - a Mauritius-listed private equity investment holding company- has become the first inward listing on the ZAR X, which was launched in 2017 to rival the JSE. Allowing investors exposure to the foreign company through a domestic channel. Chairman Mark Foulds joined Business Day TV with more.

14 Nov 2019 1AM 5 min

Mining output surprises to the upside

While mining production remains sluggish, it has outpaced analyst expectations in September. On a year-on-year basis, output was lifted by a tepid 0.2% and on a month-on-month basis, production increased by 1.5%. The increases were largely driven by stronger iron ore production while diamond output weighs. On the other hand,…

14 Nov 2019 1AM 5 min

Peregrine's earnings fall as JSE activity declines

A decline in activity on the JSE has weighed on Peregrine's interim performance. With its advisory division - Java Capital reporting a 45% decline in attributable earnings amid reduced deal flow in the general corporate finance space and in equity capital markets. And this further contributed to a near 40%…

13 Nov 2019 1AM 5 min

Retail sales tick up 0.2% year-on-year in September

Consumers appear to have tightened their purse strings, retail sales came in flat in September, up a tepid 0.2% year-on-year and up 0.5% month-on-month. General dealers which account for half of the overall sales fell 0.7% while retailers in textiles, clothing footwear and leather goods grew 3%. What does the…

13 Nov 2019 1AM 7 min

Spar posts profit jump despite tough operating environment

Spar's annual profit has nearly doubled - the retailer which operates in Southern Africa, Ireland and Switzerland saw an 8% rise in turnover growth in Southern Africa largely boosted by liquor sales which grew 18% while weakness in the rand worked in the group's favour in Ireland. The retailer is…

13 Nov 2019 1AM 6 min