Business News Leaders

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

Innovating women in the metaverse

Among the trials and tribulations of the plague years, there was a silver lining. In late 2020, with the approval of covid-19 vaccines, and into 2021, as the jabs worked their magic, techno-optimism began to spread. If people could develop life-saving inoculations in months, why couldn’t the world move out…

6 Sep 2022 8AM 25 min

Trade of Week – JSE clothing retailers

Join Independent Analyst Loyiso Mpeta, as he takes us through what the charts are saying about JSE clothing retailers like Truworths, Mr Price and Foschini.

5 Sep 2022 1PM 12 min

RCL Foods delivers ‘pleasing’ full-year results

RCL Foods has described its annual performance as ‘pleasing’. The food producer has reported a 10.2% increase in revenue and a 9.9% rise in headline earnings per share, supported by a return to profitability in its chicken business, as well as solid showing by its sugar and Vector logistics units…

5 Sep 2022 1PM 7 min

Bidvest pays biggest dividend in seven years

Bidvest has paid its biggest total dividend in seven years. The industrial conglomerate’s pay-out of R7.74 follows trading profit growth of over 23% and a revenue rise of 13%, as the firm's operations continue to bounce back from the impact of Covid-19. Business Day unpacked the performance with CEO Mpumi…

5 Sep 2022 12PM 7 min

Animal Spirits

August saw major reversal of fortunes for the markets after July’s bounce back. A larger majority of investors now believe the global economy is likely to tip into recession within 12 months, according to the latest Bank of America global fund managers’ survey. A net 58% of respondents believe recession…

5 Sep 2022 8AM 25 min

Illicit activity in the cryptocurrency market decreases

Illicit activity in the crypto market has declined. According to Chainalysis, financial crime within this space hit its lowest level in four years in 2022. Business Day TV discussed this with Luno’s Global Head of Financial Crime Eva Crouwel.

1 Sep 2022 2PM 7 min

Santam declares interim dividend despite earnings slump

Santam says the first half of 2022 was one of the most challenging periods in its history, as severe flooding in KwaZulu-Natal, financial market volatility and inflationary pressures caused claim values to spike. The insurer has posted a 53% slump in headline earnings per share, but it has still rewarded…

1 Sep 2022 2PM 7 min

Impala Platinum’s annual earnings fall

Impala Platinum had a tough year. The miner had to contend with lower metal prices, industrial action and power cuts, which resulted in a 9% decline in revenue and a near 17% drop in headline earnings per share. Business Day TV discussed the performance with CEO Nico Muller.

1 Sep 2022 1PM 8 min