Business News Leaders

Experts warn of drastic impact of Ukraine war on global economy

The Russia-Ukraine war was in focus at this year’s World Economic Forum and experts have warned that the war will continue to impact the global economy for years. Business Day TV discussed this in detail with Craig Erlam, Senior Market Analyst at Oanda.

25 May 2022 12PM 5 min

Normalising the asset management industry

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…

25 May 2022 8AM 27 min

Eased lending criteria gives African Bank a boost

Easing its lending criteria has helped African Bank more than double its interim profit after tax. The lender has reported an 11% increase in gross loans and advancements, and its credit loss ratio has declined to 4.6% from 6.1%. Business Day TV spoke to CEO Kennedy Bungane for his take…

24 May 2022 1PM 5 min

S&P’s outlook upgrade gives SA’s rand a boost

South Africa’s local unit has been holding strong, after S&P Global upgraded the country’s outlook from neutral to positive. Business Day TV caught up with RMB’s Head of FX Execution, Matete Thulare for a look at moves playing out in the currency scene.

24 May 2022 12PM 7 min

Local auto industry looks to rev up again

Post Covid the local auto industry seems to be revving up again with a few misfires here and there as OEMs still have to contend with supply chain issues, floods and intermittent power. While consumers are being faced with some tough choices on whether to trade in that diesel guzzling…

24 May 2022 7AM 25 min

Barloworld’s earnings more than double

Barloworld has delivered a strong interim performance. The diversified industrial group’s headline earnings per share more than doubled to 756c during the period, and it’s declared a dividend of 165c from its income reserves, thanks to the bounce-back in car rental services in South Africa and strong demand for equipment…

23 May 2022 1PM 7 min

Netcare opts for interim dividend as Covid-19 abates

Netcare has declared its first interim dividend in two years, following a solid half-year performance. South Africa's third-biggest private hospital by value, posted a 2.3% rise in group revenue, while profit for the period rose by 19.5% to R448 million. Business Day TV spoke to CEO Richard Friedland for more…

23 May 2022 12PM 7 min

Dis-Chem reports record revenue

Consumer shopping habits are normalising as new waves of the pandemic prove to be less severe, and this has helped boost Dis-Chem’s performance. The pharmacy retailer produced a record revenue of over R30 billion while headline earnings per share grew by 27.6%, allowing the group to hike its total dividend…

23 May 2022 12PM 8 min

Share Shootout - Commodities

The commodity run of the past two years has paid off in spades for SA: the rand has remained improbably strong, while SA’s fiscus has benefited from an overall revenue overrun of almost R300bn. . It’s a windfall that has allowed the authorities to loosen monetary policy and raise government…

23 May 2022 8AM 26 min

Future of work

Burnout. Isolation. Exhaustion. Lack of passion for the company's purpose. Every day it's another headline about how the pandemic-induced remote working environment has decimated once vibrant company cultures. Yet employees are comfortable working remotely, with a Microsoft survey revealing that 76 percent not wanting to return to the office. And…

20 May 2022 8AM 26 min

SARB hikes interest rates

South Africa's Reserve Bank has hiked interest rates by 50 basis points​, prompted by elevated risks to the inflationary outlook. The move takes the repo rate to 4.75%. Business Day TV unpacked the decision with Stanlib Chief Economist Kevin Lings.

19 May 2022 2PM 7 min

Power cuts set to stifle economic growth

South Africa faces a tough economic quarter, with global factors such as the war in Ukraine, global growth concerns and local factors like load shedding weighing on the economy. Business Day TV caught up with RMB economist, Siobhan Redford to discuss the kind of impact the blackouts are expected to…

19 May 2022 12PM 6 min

Higher iron ore prices work in Afrimat's favour

Afrimat has posted a near 23% jump in annual headline earnings per share. The building materials and mining group benefitted from an increase in iron ore prices during the period. Business Day TV spoke to CEO Andries van Heerden for more insight on the company's performance.

19 May 2022 12PM 8 min

Cyberthreats - not a question of ‘if’ but of ‘when’

A series of major digital security breaches over the past year are serving as a wake-up call to about the need to invest in cybersecurity. Pharmacy retailer Dis-Chem has confirmed an investigation into a data breach of 3.6 million people’s personal information on May 1st. Almost a year ago Transnet…

19 May 2022 7AM 27 min

WeBuyCars​ boosts Transaction Capital's interim earnings

Transaction Capital has delivered earnings growth above pre-pandemic levels, and it expects the momentum seen during its half-year to continue. The firm has posted a 38% jump in core headline earnings to R603 million, bolstered by its acquisition of WeBuyCars. Business Day TV unpacked the performance with CEO David Hurwitz.

18 May 2022 11AM 10 min

MPC Preview

The South African Reserve Bank’s Monetary Policy Committee is set to increase the repo rate tomorrow – with consensus among most analysts and economists that the hike will be larger than at previous meetings. A Reuters poll on Friday showed that a majority (16 out of 24) of analysts surveyed…

18 May 2022 8AM 22 min

Pick n Pay's cost-cutting efforts starts bearing fruit

Pick n Pay's delivered double digit earnings growth, supported by its cost cutting measures. The retailer has reported a 5.2% rise in annual turnover and a near 15% jump in headline earnings per share. Business Day TV unpacked the results with CEO Pieter Boone

17 May 2022 12PM 7 min

State of SA's agri sector

Food inflation and food security are key concerns globally, and the Russia-Ukraine conflict is putting further strain on prices. Business Day TV discussed the state of South Africa's agricultural sector with Independent Analyst and Former CEO of AgBiz John Purchase.

17 May 2022 12PM 8 min

Executive Pay

The recent suggestion by PSG CEO Piet Mouton that the requirement to disclose executive pay should be made optional raises important questions about an issue that consistently attracts controversy. This follows the news of Sibanye-Stillwater CEO Neal Froneman receiving R300-million in remuneration for 2021, most of which related to conditional…

17 May 2022 7AM 25 min

Vodacom ups annual dividend by 3%

Vodacom has increased its 2022 dividend by 3%. The increased payout follows a near 4% rise in net profit, which was largely due to robust data demand and growth in new services. Business Day TV unpacked the performance with CEO Shameel Joosub.

16 May 2022 2PM 6 min