Business News Leaders

JSE proposes changes to listing requirements

The JSE is finally hammering out a new set of standards that will improve overall listings requirements. Despite this Futuregrowth and ASISA have been pushing for these proposed reforms to also be implemented within the fixed income arena. Andrew Canter from Futuregrowth joined Business Day TV to discuss how these…

22 May 2019 2AM 5 min

Will US-China trade war fuel next global financial crisis?

Heightened trade tensions between the US and China has sparked fears that it may fuel the next global financial crisis. Talks to end the trade conflict fell apart earlier this month and US President Donald Trump has no intentions of returning to the negotiating table anytime soon and has vowed…

21 May 2019 10AM 8 min

Coronation slashes dividend as asset outflows dent profits

Asset manager, Coronation released its interim results on Tuesday reporting a 22% decline in revenue fueled by a drop in average assets under management during the period. The combined effect of this leading to a 26% plunge in earnings and dividends, the group however expects a better second half.Business Day…

21 May 2019 2AM 7 min

Barloworld hikes dividend as equipment sales boost profit

Barloworld has hiked its interim dividend 13.8% after earnings grew thanks to better equipment sales in Southern Africa. The group has also announced that it's in acquisition talks with Wagner Asia Group, a Mongolian-based equipment dealer. Business Day TV sat down with Barloworld's CEO Dominic Sewela to discuss the group's…

20 May 2019 2AM 10 min

Pioneer Foods struggles to pass on higher costs to consumers

Pioneer Foods has reported a 15% plunge in interim adjusted headline earnings to R506m even as revenue rose 11.5% to R11bn as the group struggled to pass on higher costs to consumers. Business Day TV caught up with Pioneer Foods CEO Tertius Carstens for a closer look at the numbers.

20 May 2019 2AM 5 min

Turnaround strategy pays off for Adcorp

Workplace management group, Adcorp's turnaround strategy is starting to bear fruit as the company has returned to profitability in its full-year and has also resumed dividend payments after two years. Adcorp CEO Innocent Dutiro joined Business Day TV to discuss the company's new growth trajectory.

20 May 2019 2AM 7 min

Election results set to boost commercial property prices

South African house prices could get a much-needed boost, if history is anything to go by. Analysts say that the elections will cause a rebound in the property industry as has been the case in previous years. But, this may only be seen later this year, after the seasonally quiet…

17 May 2019 2AM 7 min

Retail sector takes strain as consumers battle headwinds

The retail sector barely grew in March as sales ticked higher by a tepid 0.2%. The print reflects the fact that consumer confidence dipped to its lowest level since 2017 in the first quarter. So how are local retail players managing to survive this tough environment? Business Day TV spoke…

16 May 2019 2AM 6 min

Challenging time ahead for SA, says Moody’s

Ratings agency Moody's says that South Africa faces significant challenges in raising growth and as such, expects the economy's long-term growth outlook to remain weak. The organisation's Lead Sovereign Analyst for SA Lucie Villa joined Business Day TV to discuss the challenging time ahead for South Africa.

16 May 2019 2AM 4 min

Investec battles Brexit, weak SA economy

South Africa's sluggish economy and uncertainty around Brexit is weighing on Investec but despite these headwinds the group has managed to deliver a 3.6% rise in adjusted earnings per share for the full-year. Joint-CEO of Investec Fani Titi spoke to Business Day TV about the pressure points in the company's…

16 May 2019 2AM 8 min

Spar's plans to expand in Europe are progressing

Retailer, Spar released its interim results today reporting a revenue increase of 9%, group turnover is up by a similar margin at 8.6%, turnover from its biggest market, Southern African grew 7.7% despite weak consumer spending and low inflation levels. The group is however expanding its international footprint, this time…

15 May 2019 2AM 6 min

Sorbet chain boosts Long4Life’s annual performance

Long4Life's bet on Sorbet is paying off. The beauty and grooming business grew annual revenue 19% to reach the R100mn mark for the first time. This performance, which Long4Life says “exceeded expectations”, helped the group report a surge in total revenue to R3.6bn. Business Day TV caught up with Long4Life…

15 May 2019 2AM 7 min

Transaction Capital's minibus taxi business boosts interim profits

About 69% of South African households use minibus taxis and because of this Transaction Capital has managed to extend its track record of delivering double digit growth. Interim earnings jumped 17% largely driven by strong growth in the company's SA Taxi business. The company expects further robust organic earnings and…

15 May 2019 2AM 7 min

How SA's parliament works

ANC stalwart Ben Turok believes that now that the national election is done and dusted we need to now promote an understanding of how parliament really works and how the ruling party, the African National Congress, has managed it since 1994. Business Day TV spoke to Turok for more detail…

14 May 2019 2AM 6 min

Calgro M3 says illegal land invasions dented their profits

Calgro M3 has taken a whack this past year, with net profit falling 98.9% over the period to R1.2 million. The group says its been hit by several operational challenges and transactions, coupled with changes in accounting standards as well as illegal land invasions - triggering a headline loss per…

13 May 2019 2AM 6 min

Netcare warns of a cloudy outlook for healthcare

Netcare's warned that South Africa's healthcare sector remains challenging due to a weak economy. Bronwyn Seaborne sat down with Richard Friedland to discuss the plans in place within a very challenging operating environment, where the company's reported a tepid 2.4% rise in interim underlying adjusted headline earnings per share…

13 May 2019 2AM 6 min

Vodacom’s full year net profit inches lower

Mobile giant, Vodacom's reported a 4.3% rise in annual revenue but for the first time in four years the company's registered a decline in net profit. That's as a fall in data prices and the costs associated with the group's new BEE ownership deal weighed. Vodacom CEO Shameel Joosub spoke…

13 May 2019 2AM 6 min

Astral slashes interim dividend as earnings fall

Astral's reported a 52% plunge in interim earnings, as the poultry producer battled higher costs and lower selling prices. The company expects feed prices to increase over the remainder of the financial period and company CEO, Chris Schutte spoke to Business Day TV about what this means for Astral's earnings…

13 May 2019 2AM 7 min

ANC maintains the lead but their support ebbs

The ANC has maintained a commanding lead in South Africa's parliamentary election, followed by the DA, while the EFF has managed to take up the third spot. Senior Lecturer at the Wits School of Economics & Business Science, Lumkile Mondi joins Business Day TV for his analysis of what is…

10 May 2019 2AM 6 min

Redefine ups interim distribution

Redefine Properties raised its interim distribution to investors by 4% to 49.19c per share. Distributable income in the six months to end-February grew 4.8% to R2.7bn, versus 8.6% a year before. The real estate investment trust (Reit) — which invests in South Africa, Poland, the UK and Australia — said…

6 May 2019 2AM 7 min