Business News Leaders

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

Higher government spend on infrastructure gives Raubex a boost

Higher levels of government spend, on infrastructure in South Africa, gave Raubex's full-year performance a boost. The construction materials supplier has posted a 31% jump in revenue while headline earnings per share surged 263%. Business Day TV spoke to CEO Rudolf Fourie for more detail.

16 May 2022 1PM 7 min

Higher chicken prices boost Astral

​Improved volumes and selling prices have given Astral a boost. The poultry group has reported a 26% rise in interim revenue while headline earnings per share more than doubled to R14. Business Day TV discussed the company’s performance with CEO Chris Schutte.

16 May 2022 1PM 6 min

The Week In Perspective

Wild swings in equity markets persist with each leg taking the indexes lower over on the US with the S&P now close to confirming bear market territory. Cryptos crashed on unstable coins. Meanwhile the dollar surges and the rand's battle to keep up shows with a loss of 10.8% to…

13 May 2022 8AM 25 min

The state of SA’s mining industry

South Africa’s mining sector has registered its steepest decline in activity in nearly two years, with production for March down 9.3% year-on-year. The release of those figures come as the Mining Indaba in Cape Town draws to a close, where industry players have been discussing the challenges facing the sector…

12 May 2022 1PM 7 min

Cryptocurrency sell-off intensifies

The crypto market has taken strain. The price of Bitcoin has slumped to its lowest level since July 2020, after declining by 28% to below $27,000. Business Day TV caught up with Luno’s Marius Reitz to discuss the moves at play.

12 May 2022 1PM 6 min

Tight paper markets boost Sappi in Q2

Tight paper markets gave Sappi a boost in the second quarter and helped the paper and packaging group return to the black with a profit of $311 million. Business Day TV unpacked the performance with CEO Steve Binnie, who believes the earnings momentum can be maintained.

12 May 2022 1PM 6 min

What is driving M&A activity in Africa’s mining sector?

Africa’s mining sector has seen a rise in merger and acquisition activity, with the sector boasting 38 deals since the start of the year totaling $8.2 billion. Business Day TV spoke to Greg McNab, a Partner and member of the Corporate & Securities Practice Group at Baker McKenzie for more…

11 May 2022 1PM 8 min

ETF purchases take a knock

Demand for Exchange Traded Funds (ETFs) have taken a knock. Global net inflows to ETFs declined to $27.4 billion in April from just over $117 billion previously. Business Day TV spoke to Michelle Noth, Client Coverage Executive at CoreShares about the activity at play.

11 May 2022 1PM 6 min

Exxaro’s digital transformation journey

The use of technology is expected to boost productivity and efficiencies in various sectors, and the mining industry is no different. PWC has noted a pick-up in the use of innovative cutting edge technologies to drive more efficient operations in the local mining industry. Business Day TV spoke to Johan…

11 May 2022 1PM 7 min

Is South Africa in a fiscal death spiral?

That is the trillion rand question in the fixed income market if you are buyer or holder of South African government bonds and more broadly for a major question for all South Africans because if we are, if our debt balloons to unsustainable levels and we have to approach the…

11 May 2022 8AM 26 min

Outlook for South Africa’s auto industry

Covid-19, the war in Ukraine and shortages of key automotive parts pose risks to the motor industry's planned growth. In light of those headwinds, the National Association of Automobile Manufacturers of South Africa has asked for a review of the industry’s masterplan, saying its goals may no longer be feasible…

10 May 2022 12PM 8 min

SA’s agriculture outlook is stable - Kaap Agri

Kaap Agri has posted a near 27% increase in interim revenue, bolstered by surging prices. The agricultural services group says its outlook for the sector remains positive, but has warned that conditions may become increasingly challenging heading into 2023. Business Day TV unpacked the performance with CEO Sean Walsh.

10 May 2022 12PM 8 min