Business News Leaders

Focus on funding emerging market economies

According to some analysts there's been discrepancies with how financial institutions - like the World Bank - fund different emerging market economies. Business Day TV caught up with Gemcorp Economist, Simon Quijano-Evans and he shared more insight on the discrepancies.

20 Oct 2022 1PM 6 min

Clicks gets a boost from beauty products and covid-19 vaccines

Clicks has delivered upbeat annual earnings, reporting an 11.9% increase in adjusted diluted headline earnings per share. That’s as South Africa's largest pharmacy group benefitted from a recovery in its beauty segment and the administration of more covid-19 vaccines. Business Day TV unpacked the numbers with the company's CEO, Bertina…

20 Oct 2022 1PM 7 min

Godi weighs in on the Steinhoff saga

Scopa Chair, Mkhuleko Hlengwa says that the Steinhoff matter will be back on the agenda following Markus Jooste’s key assets being attached by the South African Reserve Bank for his hand in contravening exchange controls as far as the collapse of Steinhoff is involved. Jooste appeared before Scopa in 2018…

20 Oct 2022 9AM 7 min

Anchor's fourth quarter markets outlook

Risk equities took a knock in the third quarter, with US, European and local shares all falling. This comes after hopes of interest rate cuts were dashed, as policymakers confirmed their commitment to fighting inflation. Business Day TV caught up with Chief Investment Officer at Anchor, Nolan Wapenaar to discuss…

19 Oct 2022 1PM 6 min

MTN walks away from talks to buy Telkom

MTN has walked away from talks to buy Telkom. The deal would've created South Africa's largest mobile phone operator. But MTN says it ended negotiations because Telkom couldn't assure that the discussions were exclusive. Business Day journalist, Mudiwa Gavaza, who's been closely following the story, spoke to Business Day TV…

19 Oct 2022 12PM 8 min

Sarb seizes ex-Steinhoff CEO Markus Jooste's assets

The Reserve Bank has seized more than R1.4bn worth of assets belonging to former Steinhoff CEO Markus Jooste, his wife and his family trust. Analysts have welcomed this as a sign that the law enforcement authorities are beginning to move on the case. For more detail, Business Day TV spoke…

19 Oct 2022 12PM 8 min

Are investors still seeing value in local bonds?

According to research by DFM global, the South African bond market has recorded huge outflows in 2022, as riskier assets took a hit. To discuss the factors weighing on bonds, Business Day TV caught up with RMB’s Fixed Income & Currency Analyst Kim Silberman.

18 Oct 2022 12PM 5 min

Transnet seals three year wage deal with UNTU

State-owned logistics firm Transnet has agreed to a wage increase over the next three years after reaching a deal with the union representing the majority of its workers. But this means Transnet employees affiliated with Satawu will remain on strike. Business Day TV caught up with Yolisa Kani, Chief Business…

18 Oct 2022 12PM 8 min

Pick N Pay bags profit rise, but off a low base

Pick n Pay has bagged a 52.7% rise in profit after tax for the 26 weeks to end-August but the increase comes off a low base as the prior period's performance was hampered by riots in KwaZulu-Natal and restrictions on liquor sales. To unpack the dynamics, Business Day TV spoke…

18 Oct 2022 12PM 8 min

Calgro M3 delivers double digit profit growth

Calgro M3’s residential property business has performed well, further offsetting the poor showing from its memorial parks. During the half-year period the company reported a 5.4% increase in revenue and a 33% jump in headline earnings per share. Business Day TV unpacked the numbers with CEO, Wikus Lategan.

17 Oct 2022 12PM 8 min

Trade of The Week - 17 Oct 2022

In Trade of The Week, Independent Analyst Loyiso Mpeta gives a Quan-tech-mental analysis on The Sherwin-Williams Company, Chevron Corporation, M&T Bank Corporation and Eli Lilly and Company.

17 Oct 2022 9AM 10 min

EU signs off on new crypto law

The European Union is a step closer to regulating the cryptocurrency industry as lawmakers have signed off on regulation that introduces a licensing regime for crypto wallets and exchanges to operate within Europe. Business Day TV looked at the detail of this with the head of legal at Luno, Paul…

13 Oct 2022 12PM 6 min

Karooooo eyes Cartrack subscriber growth

Karooooo says it hopes to expand the number of Cartrack subscribers by close to a fifth in its 2023 financial year as it looks to position itself as a leading global mobility software-as-a-service platform. Business Day TV took a closer look at these ambitions with the group's CEO, Zak Callisto.

13 Oct 2022 12PM 7 min

African Bank gets all approvals for Grindrod Bank transaction

African Bank says that all the conditions precedent to the Grindrod Bank transaction have been met and all regulatory approvals have been obtained. This sets the stage for the merger to now take place. Business Day TV caught up with Zwelibanzi Manyathi, group executive for business banking at African Bank…

13 Oct 2022 11AM 8 min

US-China tech war escalates

In a move that has ramped up tensions between Washington and Beijing, the US has implemented new export control measures which have knocked the semiconductor industry. Business Day TV discussed this in detail with the Head of Product at Prescient China, Tian Pan.

12 Oct 2022 12PM 6 min

Is the UK on the brink of a recession?

The UK’s economy has unexpectedly contracted, falling 0.3% in August. And this has strengthened predictions that Britain’s economy will fall into a recession. Business Day TV caught up with Senior markets analyst at Oanda, Craig Erlam to discuss the factors weighing on the UK.

12 Oct 2022 12PM 7 min

Strong demand drives Sirius real estate

Sirius Real Estate says it continues to experience rental growth in the UK and Germany, citing high demand. Business Day TV caught up with CEO, Andrew Coombs to discuss whether the momentum will continue as geopolitical uncertainty and high inflation weigh down global economy.

12 Oct 2022 11AM 8 min

RMB launches funding platform to assist agri sector

RMB is stepping in to address food security concerns. The firm has launched a platform that'll assist farmers to gain access to alternative funding as the Land Bank struggles to pour more money in that sector. Business Day TV spoke to RMB's Senior Coverage Banker, Wimpie Snyman for more detail.

11 Oct 2022 12PM 5 min

AfroCentric mulls Sanlam offer

AfroCentric is mulling an offer from Sanlam. The financial services group, that is already invested in one of AfroCentric's subsidiaries has offered to acquire a controlling stake in the firm. Sanlam is offering R6 per share, and shareholders have an option to choose between cash or receiving Sanlam shares. Business…

11 Oct 2022 12PM 7 min

NYSE and JSE to collaborate on dual listings

The New York Stock Exchange and the Johannesburg Stock Exchange have signed a memorandum of understanding ont he dual listing on both bourses. For more detail on how this will work, Business Day TV spoke to the JSE's chief of staff Fatima Laher.

11 Oct 2022 12PM 4 min