Business News Leaders

Impact of Watchdog's raids is unclear - Momentum

Momentum Metropolitan has posted a sevenfold increase in annual profit driven by a strong showing from its established business units. Business Day TV spoke to the insurer's CEO, Hillie Meyer for more detail.

14 Sep 2022 11AM 7 min

ARC Investments says no to dividends for now​

African Rainbow Capital Investments says it won't be declaring dividends in the short to medium term. That's as the firm plans to instead use cash to fund new opportunities. Business Day TV spoke to the group's Co-CEO, Johan van Zyl for more insight into the group's plans.

13 Sep 2022 12PM 8 min

Libstar delivers 'resilient' performance ​

Denny mushroom owner Libstar has described its first-half performance as 'resilient' with the group reporting a more than 9% rise in revenue despite inflationary pressures. Business Day TV caught up with Libstar CEO Andries van Rensburg for more insight.

13 Sep 2022 12PM 7 min

Attacq moves on from Covid-19 with dividend payout

Mall of Africa owner Attacq has bounced back from the impact of the pandemic and reinstated dividend payments with an annual payout of 50c per share. Business Day TV unpacked the performance in greater detail with company's CFO, Raj Nana.

13 Sep 2022 12PM 8 min

Long Road to Energy Reform

As the country grapples with another week of loadshedding, Eskom’s worst case scenario modelling for energy availability factors at its aging coal plants is coming to pass, highlighting the urgency with which the country needs to move on the long and winding road to total energy market reform. Late on…

13 Sep 2022 7AM 26 min

Activity in the construction industry gathers steam

Activity in the construction sector is recovering. The Afrimat Construction Index rose by 2.4% in the second quarter, shrugging off the impact of the KZN floods, Eskom’s power cuts and high fuel prices. Business Day TV caught up with independent economist Roelof Botha, who compiles the index, for more detail.​

12 Sep 2022 12PM 7 min

Pricey export markets expected to dim agri green shoots

South Africa's agricultural exports grew to about R60bn in the second quarter thanks to strong prices and robust demand for citrus, apples, maize and pears. But this benefit is expected to be short-lived as export markets become more expensive to access. Business Day TV spoke to FNB agricultural economist Paul…

12 Sep 2022 12PM 8 min

Climate finance focus ahead of Cop 27

Nearly 40 million people worldwide work in jobs related to clean energy, according to a Sept. 8 report from the International Energy Agency. That number represents 56% of total energy sector employment, meaning that, for the first time ever, clean energy jobs outnumber those involved in producing, transporting, and burning…

12 Sep 2022 7AM 27 min

Tiger Brands recall in focus

Tiger Brands has recalled a range of baby-powder products. Africa's biggest listed food-maker says the move is a precautionary measure, and comes after traces of asbestos were detected in test samples from a batch of pharmaceutical-grade talc powder which is used as raw material in the manufacturing process. Business Day…

8 Sep 2022 1PM 8 min

Sanlam records a dip in earnings

A good showing from Sanlam’s life insurance and asset management businesses has been offset by a downbeat performance from its general insurance unit. The firm has posted an 8% decline in interim headline earnings, as adverse weather conditions and rising claim costs weighed. Business Day TV discussed the insurers results…

8 Sep 2022 1PM 7 min

Oil price rebounds

Oil prices have recovered, despite the face-off between Europe and Russia weighing on markets and OPEC+ agreeing to cut production. Business Day TV spoke to Craig Erlam, Senior Markets Analyst at Oanda for more detail

8 Sep 2022 1PM 6 min

The Week in Perspective

Veteran investor Jeremy Grantham caused a stir this week when he warned that financial markets should brace for further pain, with global economic health at its most precarious level in years, due to stubborn inflation, hawkish central banks and geopolitical tensions.
Grantham, co-founder and chief strategist of asset manager GMO, told…

8 Sep 2022 8AM 25 min

Banking on the capital base

In August, three of the big SA banks reported results. While the sector showed good earnings growth in line with the economic recovery, some stress on households began to emerge.
Additionally, banks must take on increased interchange fees from Visa and Mastercard.
Competition is also heating up to service both small businesses…

8 Sep 2022 7AM 26 min

Business confidence slips in the third quarter

Business morale slipped in the third quarter. The RMB/BER confidence index dipped to 39 points from 42, as sentiment among building contractors soured. Business Day TV unpacked the print with RMB’s Chief Economist, Ettienne Le Roux

7 Sep 2022 12PM 8 min

Discovery’s earnings return to pre-pandemic levels

Discovery Group has posted a 71% rise in its annual normalised headline earnings to R5.8 billion, which is above pre-pandemic levels. Discovery attributes the performance to the easing of Covid-19 and new business growth. Business Day TV discussed the performance with Group CEO Adrian Gore.

7 Sep 2022 12PM 11 min

Reading the GDP tea leaves

After two consecutive quarters of positive growth, real gross domestic product (GDP) decreased by 0,7% in the second quarter… The devastating floods in KwaZulu-Natal and load shedding contributed to the decline, and right on cue, stage 2 load-shedding is back…which is thankfully not as damaging economically as stage 4 and…

7 Sep 2022 9AM 25 min

Slowing growth set to weigh on rand

Slowing growth locally and globally is weighing on South Africa’s rand, and some economists are forecasting further weakness over the next 12-18 months. Business Day TV discussed this in more detail with RMB's Fixed Income & Currency Analyst, Kim Silberman.

6 Sep 2022 2PM 7 min

Shoprite reports upbeat full-year earnings

Shoprite has delivered double-digit earnings growth. Africa's biggest grocery retailer has reported a 22.5% rise in adjusted headline earnings per share, supported by new store openings, its reward programme and a focus on using data to drive personalised sales and promotions. Business Day TV caught up with the CEO Pieter…

6 Sep 2022 2PM 7 min

Shoprite reports upbeat full-year earnings

Shoprite has delivered double-digit earnings growth. Africa's biggest grocery retailer has reported a 22.5% rise in adjusted headline earnings per share, supported by new store openings, its reward programme and a focus on using data to drive personalised sales and promotions. Business Day TV caught up with the CEO Pieter…

6 Sep 2022 1PM 7 min

SA’s economy shrinks in Q2

South Africa's economy contracted in the three months to end-June, after two consecutive quarters of positive growth. The country’s GDP print for the second quarter revealed a 0.7% decline, as floods, power outages and the global economic slowdown weighed. Business Day TV caught up with Nedbank's chief economist, Nicky Weimar

6 Sep 2022 1PM 8 min