Business News Leaders

Sappi delivers record Q3 earnings

Sappi has posted a strong third quarter performance, bolstered by strong global demand and pricing momentum. The paper and packaging company's earnings before interest, taxation, depreciation and amoritisation rose to a record $371 million from $145 million previously, and the firm expects the robust pricing and demand environment to continue…

4 Aug 2022 1PM 8 min

TymeBank to buy SME-focused Retail Capital

TymeBank is buying SME-funder Retail Capital to make a big push into business banking. The deal, which is subject to regulatory approval, will allow TymeBank to to expand its offering to entrepreneurs to include working capital finance. Business Day TV spoke to TymeBank’s CEO Coen Jonker about the acquisition.

3 Aug 2022 1PM 6 min

UK bans Bain from state contracts for 3 years over State Capture work in

Bain & Co has been banned from tendering for UK government contracts for three years. The ban follows pressure from former UK MP Peter Hain who has said that the global consulting firm must be held accountable for its role in state capture in South Africa. Business Day TV spoke…

3 Aug 2022 12PM 8 min

Royal Bafokeng Platinum remains cautious as it eyes a recession

Royal Bafokeng Platinum has halved its interim dividend, after higher costs and lower prices weighed on profit. The miner says it remains cautious of the current operating environment. Business Day TV unpacked the results with CFO Rotshidzwa Manenzhe.

2 Aug 2022 1PM 6 min

JSE benefits from market volatility

The JSE benefitted from market volatility in its first half. Increased trading activity helped Africa's largest stock exchange grow revenue across its business segments, with top-line growth registering an 11% increase and headline earnings per share growing by 29%. Business Day TV spoke to CEO Leila Fourie for her take…

2 Aug 2022 12PM 8 min

Rubber Hits The Road on Tariff Application

The issue of tariffs was thrown into stark relief yesterday when the DTIC failed to extend tariffs on chicken imports as food costs rise. And its interesting to note against the backdrop of a recent tariff application by the SA Tyre Manufacturers Conference (SATMC) to ITAC for the imposition of…

2 Aug 2022 8AM 20 min

Greylist Economic Outcome

Greylist has black and white economic outcome. I’m pleased to see South Africa’s looming potential greylisting by the Financial Action Task Force (FATF) is starting to receive the attention it deserves. National Treasury has certainly upped the ante publicly along with several respected CEOs, including Sim Tshabalala of Standard Bank…

2 Aug 2022 8AM 26 min

Trade of the Week - Meta Platforms | Bank of America

Join Independent Analyst, Loyiso Mpeta as he shares technical analysis on Meta Platforms and Bank of America

1 Aug 2022 1PM 4 min

Soft commodity rally takes a breather

Prices of soft commodities have slipped on the back of the Russia-Ukraine grain deal, bringing an end to the rally seen of late. Business Day TV spoke to Investment Analyst at Anchor, Casey Delport for a look at what this means for food prices going forward.

1 Aug 2022 1PM 6 min

Manufacturing activity falls to lowest level in a year

Manufacturing activity fell sharply in July. Absa’s purchasing managers’ index (PMI) declined to 47.6 points, a level last seen during July 2021 when the looting and unrest in KwaZulu-Natal and Gauteng hurt output. Business Day TV unpacked the print with Miyelani Maluleke, Senior Economist at Absa.

1 Aug 2022 12PM 7 min

Animal Spirits

Global markets ended their best month in two years strongly on Friday with the JSE gaining 0.47% to 68,934 points, having strengthened 4.09% for the month, according to Infront data, while the top 40 was up 0.49% — having added 3.93% in July. In the US the Dow added 6.7%…

1 Aug 2022 8AM 26 min

The Week In Perspective

A week dominated by two major themes, central banks, and locally, Eskom. As expected, the U.S. Federal Reserve raised rates 75 basis points (bps) Fed Chair Jerome Powell sounded suitably hawkish on curbing inflation in his news conference, but also dropped guidance on the size of the next rate rise…

29 Jul 2022 8AM 19 min

Ascendis Health on the path to recovery

Ascendis Health continues to tackle its debt. The firm recently inked a deal with Austell to sell its Pharma unit and also plans to raise over R100 million via a rights offer. Business Day TV caught up with Ascendis Health's CFO and Interim CEO Cheryl-Jane Kujenga, for more detail on…

28 Jul 2022 12PM 7 min

Improved pricing, lower debt costs boost AMSA

Arcelormittal South Africa has benefitted from improved pricing and lower debt costs during its interim period. The steelmaker has increased its profits by more than a fifth, but has opted not to declare a dividend. Business Day TV unpacked the performance with CEO Kobus Verster.

28 Jul 2022 12PM 8 min

Inflation or recession?

The Fed has finally acknowledged that it will have to take its rate hiking decisions meeting by meeting and as inflation in parts of the world seems to be rolling over, it’s time to question whether we should be worried about inflation or recession. The projected Fed Funds in Dec…

28 Jul 2022 8AM 27 min

AECI posts record results

Chemicals and explosives group AECI, has posted record half-year revenue and headline earnings per share supported by improved trading conditions and strong global commodity prices. Business Day TV caught up with the CEO, Mark Dytor for more on its performance.

27 Jul 2022 12PM 7 min

Is US inflation peaking?

Some analysts are confident that US inflation could be peaking, due to a softening job market and a decline in oil prices. Business Day TV discussed what this means for the Fed's monetary policy moving forward and overall growth with Investment Strategist at Old Mutual Wealth's Izak Odendal.

27 Jul 2022 12PM 6 min

Prudential Authority warns SA banks are vulnerable to 'dirty money'

The Prudential Authority says the country’s largest banks are at high risk of falling foul of money laundering, terrorism and proliferation financing activity. Business Day TV spoke to Denzel Bostander Financial Conglomerate Supervision Department Head of the Prudential Authority for more insight.

27 Jul 2022 12PM 9 min

Global Entrepreneurship Monitor

South Africa is one of the toughest countries in the world to be an entrepreneur but as the country emerges from the economic shocks of the Covid-19 pandemic, there are encouraging signs of increased entrepreneurial activity and of more small businesses making it beyond the startup stage. The latest Global…

27 Jul 2022 7AM 27 min

Unpacking Ramaphosa’s energy plan

South Africa’s business community has welcomed President Ramaphosa's action plan to end load-shedding, but concerns have been raised regarding its execution with some saying there need to be hard deadlines as well as accountability for delivery from the government. Business Day TV caught up with energy analyst and Director at…

26 Jul 2022 1PM 7 min