Business News Leaders

Bidcorp stages a pandemic rebound

Bidcorp has recovered from the impact of Covid-19. The food services group has group reported a 77% jump in annual headline earnings per share, and has lifted its dividend by more than three quarters to R7 per share. Business Day TV spoke to CEO Bernard Berson for more detail.

24 Aug 2022 2PM 7 min

Lower bullion prices, higher costs weigh on DRDGold's annual earnings

DRDGold had a tough annual period. Lower gold prices and increased operating costsåç have led to a profit knock of 22% while headline earnings per share tumbled by a similar margin. The miner slashed its total dividend for the period by a quarter to 60 cents. Business Day TV dug…

24 Aug 2022 2PM 9 min

AI for journalism and Fintechs

We’ve been featuring some of the incredible talent in South Africa working on the bleeding edge of machine learning, artificial intelligence, natural language processing and the convergence of many of the technologies of the future that are going to drive growth. And I’m really looking forward to today’s guests, one…

24 Aug 2022 8AM 26 min

Aveng posts lower annual profit

Construction, engineering and mining group Aveng has reported a 60% slump headline profits for its year to end-June, weighed down by its Africa-focused interests. Business Day TV unpacked the performance in greater detail with company's CEO Sean Flanagan.

23 Aug 2022 1PM 10 min

Surging commodity prices boost Sasol’s earnings

Higher commodity prices have given Sasol a boost. The chemicals and energy group reported a 48% jump in its annual adjusted core profit, which allowed it to reinstate its dividend and declare a payout of R14.70. Business Day TV discussed Sasol’s full-year performance with CEO Fleetwood Grobler.

23 Aug 2022 12PM 7 min

South Africa’s unemployment rate drops

South Africa’s unemployment rate declined to 33.9% in the second quarter in 2022. The country’s labour market added 648 thousand jobs during the period and most of the gains were recorded in community and social services, trade, finance and construction sectors. Business Day TV spoke to RMB Economist Siobhan Redford,…

23 Aug 2022 12PM 5 min

ASISA reports progress on transformation

The first edition of the BEE.conomics Annual Transformation in South African asset management survey was published in 2009 at which time there were just 14 black-owned asset managers who, combined, managed R91 billion. Fast forward 13 years later, and today there are 51 black-owned asset managers managing close to R700…

23 Aug 2022 7AM 27 min

Trade of the Week – JSE Banks

Join Independent Analyst Loyiso Mpeta, as he takes us through what the charts are saying about JSE banks like Nedbank, Absa, Standard Bank and Firstrand.

22 Aug 2022 1PM 11 min

Afrimat’s Gravenhage deal falls through

Afrimat's plans to acquire the Gravenhage manganese right in the Northern Cape has fallen through, due to a dispute over the nature of its water licence. Business Day TV discussed this with Afrimat CEO Andries van Heerden.

22 Aug 2022 12PM 8 min

Workforce gets lift as pandemic fades

Easing Covid-19 restrictions, coupled with robust demand for upper-level managers, gave Workforce’s annual performance a boost. The recruitment and outsourcing group has reported a 21% rise in revenue but has not declared a dividend, saying it will hold on to cash due to current economic uncertainties.

22 Aug 2022 12PM 7 min

Billions tied up in overdue ITAC customs duty investigations

I was facilitating the Steel Masterplan Conference recently where the theme of a bring-and-braai, emerged around how we approach tariffs and industrialisation, if one your mates at a bring-and-braai keeps on only bringing peanuts while you bring the fillet you are going to let them know, but does it ruin…

22 Aug 2022 8AM 24 min

Spur serves up 'strong' performance

Spur Corporation has delivered a strong full-year performance, despite challenging economic conditions. The owner of Panarottis and RocoMamas posted revenue growth of 32.5% as restaurants benefited from an end to curfew, and a 30% jump in headline earnings. Business Day TV spoke to Spur’s CEO Val Nichas for more detail.

19 Aug 2022 11AM 6 min

Standard Bank delivers record profit

Standard Bank has delivered record profit for its half year. The lender’s headline earnings per share grew by 33% to R15.3 billion and it’s lifted its dividend for the period by 43%. Standard Bank’s cited continued balance sheet and franchise growth. Business Day TV unpacked the performance with CEO Sim…

19 Aug 2022 11AM 8 min

The Week in Perspective

The JSE ended little changed on Thursday after the US Federal Reserve’s mixed signals overnight about the trajectory of inflation and interest rates — the two interrelated themes that have been driving market psychology for months. The R5.49-trillion resource 10 index is beholden to commodity prices, which have fallen sharply…

19 Aug 2022 10AM 26 min

Prudential Authority issues directive on crypto monitoring

Luno has welcomed the Prudential Authority’s directive to discourage banks from cutting services offered to cryptocurrency firms. The regulator says cutting these services will make it difficult to monitor money laundering and terrorist financing. Business Day TV discussed this with Luno's General Manager for Africa, Marius Reitz.

18 Aug 2022 2PM 6 min

Exxaro post double digit earnings growth

Exxaro’s delivered a 48% jump in half-year revenue and a 26% increase in headline earnings per share, mainly due to a strong showing by its coal business. Business Day TV unpacked the results with CEO, Nombasa Tsengwa.

18 Aug 2022 2PM 7 min

Higher fees, student growth and state subsidy boost Curro

An increase in learner numbers, higher tuition fees and a R25 million subsidy income from government worked in Curro’s favour during its interim period. The private-education group has posted revenue growth of 15.5% and a near rise 42% in headline earnings per share. Business Day TV analysed the group's half-year…

18 Aug 2022 2PM 8 min

Mind the (pay) gap

Financial services firm PwC’s annual survey of listed company executive directors released on Tuesday showed that though the representation of women in CEO and CFO posts had improved, women still occupied just 19% of top finance posts in June, up from 17% in 2021. Across the JSE, female CEOs constituted…

18 Aug 2022 10AM 23 min

Retail sales decrease in June

Retail sales took a knock in June after recording a contraction of 2.5% year on year, and indicating that consumers remain under pressure amid rising inflation. Business Day TV unpacked the print with Economist at RMB, Siobhan Redford.

17 Aug 2022 1PM 6 min

Outa raises concerns about fuel levy hike

South Africans are set for some relief in September, with a fuel price reduction on the cards due to a stronger rand and lower oil prices. Civil action organisation Outa meanwhile, has raised concerns that the government might not pass the savings to motorists, and instead use it to fund…

17 Aug 2022 1PM 7 min