Business News Leaders

What do the floods in KwaZulu-Natal mean for the insurance industry?

The flooding in KwaZulu-Natal has caused severe devastation to infrastructure, homes and businesses, with the insurance industry expected to receive numerous claims. Business Day TV spoke to Tarina Vlok, Managing Director of Elite Risk Acceptances - a division of Old Mutual Insure, for a look at what the floods mean…

14 Apr 2022 1PM 7 min

Floods in KwaZulu-Natal – impact on business

The floods in KwaZulu-Natal have impacted operations for many businesses in the province. Tongaat Hulett has advised that it’s still assessing the impact, while some like Sappi and Toyota have halted operations. Business Day TV unpacked the impact of the floods from a business perspective with Mpume Langa, Vice President…

14 Apr 2022 12PM 7 min

Impact of KZN Floods on logistics

The logistics industry has taken a hit from the flooding in KwaZulu-Natal. Transnet initially suspended operations as a precaution but the sector remains under strain, with truck movement towards the port halted and several roads either underwater or having sustained significant damage. Business Day TV spoke to Gavin Kelly, CEO…

14 Apr 2022 12PM 9 min

The week in perspective

South Africa seems stuck in the same negative feedback loop that the president seems unable to break. This government talks a good game but as we see with mining this week, a truly bizarre mining exploration strategy that will focus on junior exploration firms that are 51% black owned exclusively…

14 Apr 2022 7AM 26 min

Sub-Saharan Africa's growth to slow this year - World Bank

The World Bank expects South-Saharan Africa’s growth set to decelerate. The bank’s says GDP should slow to 3.6% this year from 4% in 2021, and has cited a global environment with multiple shocks, high volatility and uncertainty. Business Day TV spoke to the Chief Economist for Africa at the World…

13 Apr 2022 1PM 7 min

Supply-chain troubles and pandemic take their toll on Zeder

Supply chain issue and the impact of the pandemic weighed on Zeder’s annual profit, and led to a 67% slump on that end. The agribusiness-focused investment holding group has however posted a 31.2% increase in its headline earnings per share, supported by increased valuations of The Logistics Group and Kaap…

13 Apr 2022 12PM 6 min

PSG Konsult posts higher annual earnings

Financial services group PSG Konsult, has posted a surge in annual profit. The group's recurring headline earnings per share grew by 32% during the period allowing it to increase its total dividend by a similar margin. Business Day TV spoke to Francois Gouws, CEO of PSG Konsult for his perspective…

13 Apr 2022 12PM 11 min

EOH returns to profit

EOH has completed its turnaround strategy and has returned to profit. The technology group has posted headline earnings per share of 41 cents and while it’s current liabilities still exceed its assets by R1.6 billion, the firm’s pointed to the encouraging signs of robust demand for digital services as the…

13 Apr 2022 12PM 6 min

Delisting crisis requires capital markets reform

South Africa’s capital markets are in a state of existential crisis. And I don’t say that flippantly. Yes, there is a global trend towards fewer listed companies with the rise of private markets but in South Africa the delisting deluge is acute. 25 companies delisted from the JSE in 2021,…

13 Apr 2022 7AM 28 min

China urges listed firms to buy back shares

The Chinese government is urging long-term investors to buy more equities and encouraging large shareholders of listed firms to increase their holdings. The efforts are in a bit to stabilise a stock market that that is taking a hard knock from the Covid-19 outbreak. Business Day TV caught up with…

12 Apr 2022 1PM 7 min

Rand digests US inflation print

The rand held steady below the R15 mark to the dollar. The local unit’s performance comes despite US inflation hitting a 40-year high of 8.5% in March, further supporting the Fed's aggressive policy stance to contain rising pricing pressures. Business Day TV discussed this with RMB’s John Cairns.

12 Apr 2022 12PM 5 min

Capitec's annual earnings soar as client base expands

A growing client base and continued growth in digital banking gave Capitec’s year-end performance a boost. The lender’s reported an 84% jump in headline earnings per share and it has more than doubled its total dividend payout, along with declaring a special dividend of R15. Business Day TV unpacked the…

12 Apr 2022 12PM 7 min

How brands can manage purpose and profits as inflation bites

Stage 2 loadhsedding rears its head just before winter, as we’ve just swallowed another 9% tariff hike from Eskom, with the UN warning of runaway global food prices, unseen since 2011, and with the pandemic still lurking in the background, its fair to say that all of us have had…

12 Apr 2022 8AM 26 min

Manufacturing production slows in February

South African manufacturing output has eased. Production rose by tepid 0.2% year on year in February, following the previous month’s 2% lift. The performance was largely due to by contractions in the motor vehicles, parts and accessories category and the petroleum, chemical products, rubber and plastic products grouping. Business Day…

11 Apr 2022 12PM 7 min

Price tag could derail third party access to Transnet Freight Rail bidding slots

Price is front and center for those looking to get a slot on Transnet Freight Rail's network. Sixteen slots are up for the taking from private bidders at a price tag of R600 million per slot for a 24-month contract - a price tag which may derail third party access…

11 Apr 2022 12PM 8 min

Trade of the week

Join Independent Analyst Loyiso Mpeta, as he takes us through what the charts are telling him about Glencore and Cashbuild.

11 Apr 2022 11AM 4 min

The Week In Perspective

Stocks headed for a weekly loss on Friday as the prospect of aggressive global rate hikes finally began to rattle investors, while bonds fell and the dollar looked set for its best week in a month. Federal Reserve policymakers are ready to start cutting the central bank's asset holdings from…

8 Apr 2022 7AM 26 min

Renewable energy players welcome new green energy demand

Minerals & Energy Minister Gwede Mantashe recently opened bid window 6 of the government's renewable energy programme. The move, which seeks to procure 2,600MW from independent power producers to help prevent load shedding stage 2, has been welcomed by the industry,Business Day TV spoke to Davin Chown, Board Member of…

7 Apr 2022 1PM 14 min

Dipula Income Fund to simplify its share structure

Dipula Income Fund’s shareholders have voted to collapse its dual share capital structure into a single class of ordinary shares from next month. Business Day TV spoke to CEO Izak Petersen, and discussed the opportunities this move would unlock.

7 Apr 2022 1PM 7 min

Merger and Acquisition activity slows in Q1

Global M&A activity has started easing, with transactions slowing close to 36% in the first quarter to $216.67 billion. Business Day TV discussed whether the same trend is playing out in Africa with the CEO of Deal Leaders international, Andrew Bahlmann.​

7 Apr 2022 1PM 7 min