Business News Leaders

Does CEOs exit at Sasol restore investor confidence?

An independent review of Sasol's US project has led to a number of executives taking the decision to step down. Chief amongst them being the joint CEOs, Bongani Nqwababa and Stephen Cornel. But does this do anything to restore trust? Business Day TV spoke to Peter Major from Mergence Corporate…

28 Oct 2019 2AM 6 min

Sasol CEOs resign over Lake Charles cost surge

After two delays, Sasol released its annual numbers, adjusted earnings before interest, tax, depreciation and amortization fell by 9%. The results were placed on hold to investigate cost overruns at its flagship Lake Charles project which will now cost the company as much as R190 billion, that's double the original…

28 Oct 2019 2AM 7 min

Famous Brands ups fast-food focus as economic conditions bite

Famous Brands is hoping that its shift to more convenience-food offerings to consumers will pay off in the upcoming holiday season. This comes after the company noted that its takeaway and fast food outlets outperformed restaurants and coffee shops during the interim period. Business Day TV sat down with CEO…

28 Oct 2019 2AM 6 min

What Russia's partnership promises mean for Africa

Trade between Russia and South Africa must increase. That's the agreement between President Cyril Ramaphosa and his Russian counterpart President Vladimir. With representation from every African country though, leaders across the continent have turned to Russia as a promising partner, seeking expansion in trade AND Co-operation in politics... Glenn Silverman,…

25 Oct 2019 2AM 6 min

Altron is confident that it can double EBITDA

The tough local economy did not hold Altron back - it's delivered solid half year results. HEPS from continuing operations came in 4% higher at 73 cents - on the back of a 8% rise in revenue to 8.5 billion rands. Altron CEO, Mteto Nyati spoke to Business Day TV…

24 Oct 2019 2AM 5 min

Is SA on track to meet Ramaphosa's investment target?

Foreign Direct Investment inflows have more than doubled from the first quarter to the second quarter suggesting that we could be on track to meet President Ramaphosa's investment target of R1.2 trillion in five years. But with depressed growth levels and the state of SOEs, particularly Eskom how do we…

24 Oct 2019 2AM 8 min

How Clicks plans to up its market share

New store rollouts and a harder push into the retail pharmacy market is proving to be the right medicine for Clicks. The group is reporting a near 8% rise in revenue, headline earnings are up by over 12% - this as over half of the population lives within 5 kilometers…

24 Oct 2019 2AM 5 min

Has government managed to satisfy stakeholders with the new resource plan?

The long-awaited Integrated resource plan, known as the IRP has been published. It outlines the country's long term energy investment plan to 2030 but does it address the energy crisis we're facing right now? Because if it doesn't - does it then run the risk of being another objective -…

23 Oct 2019 2AM 7 min

DA suffers leadership exodus

The DA is suffering a leadership crisis - Mmusi Maimane has resigned as leader of the party along with Chair, Athol Trollip just a day after Joburg Mayor, Herman Mashaba did the same. Business Day TV spoke to Political Analyst, Ralph Mathekga for his views on what this means for…

23 Oct 2019 2AM 8 min

Inflation slows in September

Cartrack reported half year results on Wednesday, delivering a 19% rise in revenue with its total subscriber base accelerating by 22% to over a million during the period and this further translated into a 28% jump in headline earnings per share to just over 72 cents. Business Day TV sat…

23 Oct 2019 2AM 6 min

IRP met with mixed reactions

There's been mixed reaction to government's energy blue print, while some are glad for a bit more certainty around new generating capacity, the IRP has been criticised for its over reliance on coal while some analysts believe that the same mistake is being made in terms of assuming that electricity…

22 Oct 2019 2AM 9 min

Pick n Pay reports double-digit profit growth as turnaround plan pays off

Retailer, Pick 'n Pay released its interim numbers on Tuesday, posting a near 10% rise in earnings as the group's turnaround strategy pays off helping offset a poor performance in its Rest of Africa division. In the meantime, the company's gross profit margin has advanced to 19.8% from 18.8%. Business…

22 Oct 2019 2AM 7 min

Balwin Properties delivers 19% rise in revenue

Balwin Properties has reported a 19% jump in interim revenue while headline earnings per share ticked up 5%. The group has however had to adapt its sales offering to include more one and two-bedroom apartments and increase advertising in order to withstand the tough economic climate. The group's CEO Steve…

21 Oct 2019 2AM 6 min

Calgro M3 swings into the red

Calgro M3 has slipped into the red. For the half-year, the property company has recorded a headline loss of R4.1 million. That's as the group slowed down development activity amid South Africa's unstable political and economic environment. Business Day TV spoke to CEO Wikus Lategan about the strategy shifts the…

21 Oct 2019 2AM 6 min

Is there a future for coal mining in SA?

Nedbank, Standard Bank and FirstRand are the canaries in our coal mines - having announced that they will not be funding any new coal-related projects and similarly, a number of mining companies have sold or are selling their coal assets as main export markets reduce their reliance on coal due…

21 Oct 2019 2AM 8 min

Mantashe unveils SA's energy blueprint

The government has unveiled its new long-term energy master plan, an overarching blueprint for South Africa's future electricity generation... Minerals Resources and Energy Minister Gwede Mantashe states that the approval of the Integrated Resource Plan has brought much-needed certainty to a critical area of the economy. Business Day TV unpacked…

18 Oct 2019 2AM 6 min

Tracking wealth trends on the continent

Absa 18th Champagne Festival is underway and the bank used the opportunity to discuss wealth trends with Business Day TV's Bronwyn Seaborne.

17 Oct 2019 2AM 8 min

Growthpoint sets its sights on Capital & Regional

Growthpoint has made its bid for a majority stake in Capital & Regional. The groups set to pay 33 pence per share to acquire just over 30% of the British shopping centre owner. Growthpoint will also subscribe to buy 311 million new Capital & Regional shares, and this will push…

17 Oct 2019 2AM 6 min

How is the international investor community perceiving South Africa?

The annual meetings of the boards of Governors of the World Bank and IMF is underway in Washington where industry leaders are discussing issues of global concern. Uncertainty has been a major theme with regards to Brexit and the US China trade war and while a Brexit deal was struck…

17 Oct 2019 2AM 7 min

The evolution of the global retail industry

Retail sales rose just over 1% year-on-year in August and is down nearly 1% on a month-on-month basis. The largest annual growth rates were recorded for sales in household furniture, appliances and equipment. The release of the data coincides with the 23rd South African Council of Shopping Centre's Annual Congress…

16 Oct 2019 2AM 6 min