Business Day TV Business News Leaders

Business News Leaders

Interviews with top CEOs and leaders shaping today's news stories alongside all the latest news that is impacting the markets, business and investments around the world.

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Daily English South Africa Business · Business News
3,907 Episodes
3240 – 3260

Sun International continues to achieve growth, despite a weak economy

Resort hotel chain and casino group, Sun International released its annual results on Monday reporting a 7% rise in group revenue. Adjusted headline earnings is up 4% while adjusted headline earnings from continuing operations fell 3% with Sun City's income falling by the same margin. The group has taken the…
18 Mar 2019 3AM 7 min

What attributed to SA’s banks reporting profit in 2018

Despite the slow economy South Africa's big 6 banks scored high profits in 2018, with their return on equities’ (ROE)s in at their highest levels since the global financial crisis. Ernest van Rooyen who is the Financial Services Africa partner at ‎Ernst & Young spoke with Business Day TV about…
15 Mar 2019 3AM 7 min

Exxaro rewards shareholders handsomely in 2018

Diversified miner, Exxaro reported its annual results on Thursday boasting record production, sales and exports from its coal mines which has helped lift overall earnings by 7%. The company’s revenue is up 12% while the total dividend sits at R10.85 reflecting an increase of 55%. Head of Finance at Exxaro…
14 Mar 2019 3AM 6 min

Why is the manufacturing sector likely to continue losing momentum

The manufacturing sector hardly recorded any growth in January, output was lifted by a tepid 0.3% year-on-year when the consensus expectation was a rise of 1.2%. The introduction of a carbon tax, above inflation cost increases in water and other administered services may exacerbate the industry's current position. Miyelani Maluleke,…
14 Mar 2019 3AM 7 min

Metair posted a 19% rise in full year net profit

Metair, has reported a 19% increase in annual net profit on Thursday. This was fuelled by a strong contribution from its overseas acquisitions, particularly in Turkey, where Mutlu Aku managed to outperform the Turkish Lira currency weakness. Metair CEO Theo Loock joins Business Day TV to discuss the company's full…
14 Mar 2019 3AM 7 min

Libstar declares its maiden dividend of 22c

Food producer Libstar Holdings has reported a 16% percent fall in full-year normalised earnings - hit by a writedown on its niche beverages business. Libstar Holdings CFO Robin Smith joins us in studio now with more of the detail behind its performance - which despite getting a mere "satisfactory" rating…
13 Mar 2019 4AM 5 min

MPACT’s full year revenue is up to R10.6bn

Packaging manufacturer Mpact's reported a 47% surge in underlying operating profit driven by an upgrade of its Felixton paper mill, lower recovered paper prices and increased corrugated packaging sales. The company expects further improvement in the paper business but warns that the introduction of a carbon tax and higher electricity…
13 Mar 2019 4AM 7 min

Internationalisation drives Growthpoint’s earnings

Internatinalisation is paying off for Growthpoint. The country's largest primary listed REIT reported a 5.9% rise in interim distributable income largely driven by the company's investments in Australia and Central Eastern Europe while the domestic market recorded no growth. Growthpoint properties says it will have to rely on its international…
13 Mar 2019 4AM 7 min

FirstRand says it will continue investing in long term strategies

Despite a challenging economic backdrop, First Rand has delivered a rise in interim profit. The financial services group's normalised earnings grew 7% during the period. That is thanks to what it calls 'impressive' results from the group's retail and commercial banking unit - FNB. Earnings at FNB jumped 13% due…
12 Mar 2019 3AM 8 min

Group Five shares suspended at 89c per share

Group Five has joined some of its peers in business rescue after lenders pulled the plug on funding with the company adding that it sees a slim chance of any value realisation for its shareholders. Business Day TV reached out to Group Five and the appointed business rescue practitioners and…
12 Mar 2019 3AM 6 min

SA cannot afford free tertiary education says World Bank

According to the World Bank, the cost of post-school education and training will more than double to over R172 billion by 2022 which the fiscal purse will not be able to carry and which will not result in more skills to the economy. In the meantime Adam Habib's latest book,…
11 Mar 2019 3AM 6 min

Absa declares R11,10 dividend

Lender, Absa released its annual results on Monday reporting a 1% dip in headline earnings due to separation costs from Barclays. Since the Barclays, Absa divorce the group has managed to regain some retail banking market share. Their revenue is up 4%, and the company has declared a final dividend…
11 Mar 2019 3AM 8 min

Old Mutual misses its 2018 targets

Old Mutual has had a difficult first year as a stand alone Africa focused firm. The insurer's posted an 11% drop in adjusted full year profit - missing its 2018 targets. That is partly due to lower investment income in South Africa as a result of weaker equity markets and…
11 Mar 2019 3AM 14 min

MMI declares a 35c per share

Owner of Momentum and Metropolitan MMI Holdings released its interim results to December on Friday. The company’s normalised headline earnings rose by 2% to R1.6bn and an interim dividend of 35 cents per share was declared. MMI Holdings CEO Hillie Meyer spoke with Business Day TV about the company’s performance.
8 Mar 2019 1AM 6 min

MTN profit surged by 85%

Mobile giant, MTN reported full-year numbers on Thursday. The company’s profit has surged by 85%, service revenue is up nearly 11% while the company grew its subscriber base by 16 million during the period. The company plans to raise over R15bn in asset sales over three years to help reduce…
7 Mar 2019 1AM 7 min

Good news for investors as Sanlam increased its dividend by 7,6%

Financial services group Sanlam released its full year numbers on Thursday - reporting an 8% fall in normalised headline earnings. Weak equity and bond markets in 2018 have pulled Sanlam's profit lower while net investment plunged 57%. Commenting on the results CEO Ian Kirk, stated that of course Sanlam would…
7 Mar 2019 1AM 6 min

Standard Bank posts leaner annual earnings growth

Lender, Standard Bank released its annual results on Thursday posting a 7% rise in headline earnings - with the group's rest of Africa operations leading gains while South Africa lags with a weaker than expected economy and higher taxes weighing on confidence and demand for credit. The company's ICBC joint…
7 Mar 2019 1AM 7 min

Grindrod resumes dividend payments to shareholders

Freight and financial services group, Grindrod is back in the black, this as it reported annual profit of over R2,9 billion. And with that, the group has also resumed dividend payments to shareholders, declaring a final payout of just over 14 cents. The company says that significant initiatives to improve…
6 Mar 2019 2AM 7 min

Murray & Robert order book sees continued growth in current operations

Engineering and mining contractor, Murray & Roberts released its interim results on Wednesday reporting a 17% drop in revenue from continuing operations, the group's cash position also declined during the period while its order book from continuing operations soared by 43%. Murray & Roberts CEO Henry Laas joined Business Day…
6 Mar 2019 2AM 8 min
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