Business News Leaders

JSE H1 evenue up 7%

The JSE has released its interim numbers, increased activity in all markets led to an increase in operating revenue of 7%, headline earnings per share increased by just over 12%, earnings after tax is up 34% due to the company's focus on cost control measures. The JSE is largely a…

2 Aug 2018 12PM 7 min

Ramaphosa's land shock unravels rand's recovery

President Ramaphosa's announcement on government's land reform plan has had local markets in a frenzy. The ANC has decided to amend the constitution which will allow for more clarity on land expropriation without compensation. And while this is Technically, nothing new - the rand took a knock. It has managed…

1 Aug 2018 12PM 5 min

ANC seeks to amend section 25 of Constitution

On Tuesday night, President Cyril Ramaphosa announced that the ruling party will amend the Constitution to allow for land expropriation without compensation even though the public hearings on the matter only drew to a close today. The proposed amendment is aimed at more clearly laying out the conditions under which…

1 Aug 2018 12PM 7 min

ConCourt ruling deals blow to labour brokers

Last week the Constitutional Court handed down a judgement that will have far-reaching effects on the country's labour industry regarding temporary employment services. Workers who have been placed by labour brokers will automatically become employees after three months in a sole employment relationship. Labour broking firm, Adcorp's share price fell…

31 Jul 2018 12PM 5 min

SA Q2 unemployment rate worsens

The country's unemployment rate increased by 0.5% in the second quarter to reach a near 15-year high of 27.2%. Youth unemployment accounting for those between the ages of 15 and 34 sits at 38.8%, while the young graduate unemployment rate sits at 11.9%. In response to the youth unemployment scourge,…

31 Jul 2018 12PM 8 min

Eskom secures $2.5bn loan from China

Eskom produced an impressive loss for the year to March. It totaled R2.3 billion for the group and led the auditors to qualify on going concern problems. But then it was announced that the China Development Bank would loan Eskom 2.5billion dollars. So, what does this mean for Eskom's future…

27 Jul 2018 12PM 7 min

BRICS nations pledge unity against US tariff threat

The BRICS Summit in Sandton this week showed a glory pic of five men holding hands and smiling broadly. Patrick Bond Political Economy lecturer at Wits University joined Business Day TV to discuss what the BRICS men might have achieved and how their power could affect the world order.

27 Jul 2018 12PM 8 min

Simon Brown on Friday romp for Sasfin Securities' with David Shapiro

The sun's shining, Jacob's in the dock, we've sold ourselves down the river - all's right with the world! So knock back that triple tipple and salute the weekend! This is the week that was, join Giulietta Talevi her co host Simon Brown and joining them for their Friday romp…

27 Jul 2018 12PM 23 min

Anglo American ready to go ahead with Quellaveco copper mine

Anglo American's taking a new bet on Peru - announcing a $5bn copper mine build in the country. And while this may set it apart from rivals who are choosing to reward shareholders with cash - now - instead, the jury's out on whether Anglo's move will pay off in…

26 Jul 2018 12PM 4 min

Numsa wins ConCourt battle against labour brokers

The Constitutional Court handed down a judgment that will have far-reaching effects on the country's labour industry regarding temporary employment services. The court ruled that the law must be interpreted within the context of the right to fair labour practices. Workers who have been placed by labour brokers will now…

26 Jul 2018 12PM 6 min

BRICS: Too much China, what about Brazil, India & Russia

The 2018 BRICS in Africa summit has entered its second day and thus far, the focus has largely been on China with little mention of Brazil, India and Russia. President Putin arrived in the country today and has said that Russia is seeking greater cooperation with the BRICS nations, Brazilian…

26 Jul 2018 12PM 7 min

Acquisitions give AECI'S H1 performance a boost

Recent acquisitions have given AECI's first-half performance a boost. The Mining and Agricultural chemicals group has reported a 19% increase in headline earnings per share. And revenue for the period came 24% higher at just over 10 billion rand. But AECI says a stronger rand during the early part of…

25 Jul 2018 12PM 6 min

Ramaphosa's R1.2trn investment drive slowly being realised

When President Ramaphosa announced that he is seeking R1.2 trillion worth of investment into the country over the next five years, it seemed like a big stretch but we're a third of the way in realising that goal with investments having come in from the UK, the UAE, Saudi Arabia…

25 Jul 2018 12PM 15 min

10th Annual BRICS Summit kicks off tomorrow

The 10th annual BRICS Summit kicks off tomorrow with the focus being on how emerging markets can further advance their economies, build diplomatic relations and improve socio-economic development in Brazil, Russia, India, China and South Africa, the threat of a worsening global trade war is set to dominate talks at…

24 Jul 2018 12PM 7 min

Kumba reports sharp drop in H1 earnings

The World's Fourth largest iron-ore producer, Kumba Iron Ore, released its interim results today - reporting total revenue down 9% and headline earnings dropping nearly 35% to around R3 billion as a result of disrupted logistics, weak prices and a stronger rand. but despite this, a new dividend policy sees…

24 Jul 2018 12PM 7 min

Eskom posts FY loss of R2.3bn, irregular expenditure at R19bn

Power utility Eskom released its full-year results today reporting a net-loss of R2.3 billion from a profit of R0.9 billion previously driven by a decline in sales of 0.9%. Irregular expenditure in the meantime has ballooned to over R19 billion from R3 billion dating back to 2012. Company's Chair, Jabu…

23 Jul 2018 12PM 8 min

Amplats H1 profit surges by 350%

World's largest platinum miner, Amplats released its interim results today, profit has surged by 350% driven by the company's restructuring and mechanised mining efforts. The company has declared an interim dividend of R3.74 per share, the second payout in 7 years since February this year. Amplats also announced that it…

23 Jul 2018 12PM 7 min

Do we have to start talking to our family members again?

No more world cup, no more tennis - do we have to start talking to our family members again? Join Simon Brown, his co-host Giulietta Talevi and in the naughty chair is Sasfin securities' David Shapiro

20 Jul 2018 12PM 24 min

What is the future of FDI in South Africa?

South Africa recently scored some fixed investment money from the Saudi's and UAE. And they make good headway into the President's aim of $100 billion into the country over the next five years. But how easy will it be to get more money in when the two key attraction points…

20 Jul 2018 12PM 6 min

SARB keeps repo rate unchanged at 6.5%

Jameel Ahmad from FXTM, joined Business Day TV on the line with an international perspective on the SARB’s announcement to keep the repo rate unchanged.

19 Jul 2018 6AM 6 min