Business News Leaders

JSE's private placing platform attracts more than R5bn in investments

The JSE's private placing platform is gaining traction, and has managed to attract more than R5 billion in potential investments within three months. Business Day TV caught up with the JSE's head of origination and deals Sam Mokorosi, for more detail.

4 Apr 2022 1PM 7 min

Trade of the week

Join Independent Analyst, Loyiso Mpeta as he shares technical analysis on Hulamin and Growthpoint.

4 Apr 2022 12PM 4 min

SA braces for fuel price increases

Government's emergency intervention in the fuel price means that the upcoming hike will be comparatively muted with regards to petrol. South Africans citizens will be paying 30 cents more for petrol as opposed to nearly R2, but the diesel price will still be rising by that margin. Business Day TV…

4 Apr 2022 12PM 7 min

SMEs BRACE FOR COSTS SURGE

South African businesses face a financial double blow this month as record fuel prices and electricity tariff increases take effect. Yes costs are rising but there is a curious set of events unfolding that could as somewhat contrarian view, offer scope for outside opportunity for local businesses. To talk about…

4 Apr 2022 7AM 27 min

SARS collects R1.564 trillion in 2021/22

The South African Revenue Service (SARS) has releases its preliminary revenue outcome for 2021/22, which shows collections of R1.564 trillion. SARS says the figure represents a surplus of R314 billion against the prior year and has added that collections have been buoyant due to a strong economic recovery, boosted by…

1 Apr 2022 11AM 8 min

The Week In Perspective

We’ve just finished one of the wildest quarters in recent memory with commodities enjoying the strongest start since World War 1. And in an effort to stop corruption the government announced plans to introduce a mirror accounting package in all SOE's where anyone can freely view details of every payment…

1 Apr 2022 7AM 26 min

Cryptocurrency regulation in South Africa

Emerging markets were at the forefront of last year’s massive growth in global cryptocurrency adoption and this has raised alarms about regulation within these regions. The IMF has been one of the institutions saying that more work needs to be done on crypto regulation, especially within the developing market. Business…

31 Mar 2022 1PM 6 min

Workforce holds onto its dividend

Workforce has opted to hold on to its dividend for its 2021 year amid global uncertainty brought by the conflict between Russia and Ukraine. For the year ended December, the firm posted a near 30% rise in rrevenue while core profit jumped 98%. Business Day TV unpacked the results with…

31 Mar 2022 12PM 6 min

Northam Platinum withholds interim dividend

Northam Platinum has withheld its interim dividend, citing the need to consider its growth prospects. The move comes despite a more than 66% jump in profit as the firm benefitted from buoyant metal prices. Business Day TV spoke to CEO Paul Dunne for more detail

31 Mar 2022 11AM 7 min

South Africa's tech startup ecosystem

Technology startups and the venture capital ecosystem that transforms ideas and fledgling companies into disruptive businesses are growing and expanding in Africa. Africa and South Africa enjoys a fertile environment for tech entrepreneurs due to the continent’s youthful and growing population, rising internet penetration, and the application of emerging technologies…

31 Mar 2022 7AM 26 min

Famous Brands bets on plant-based dining market

Famous Brands is betting on the plant-based dining market. The branded food services franchiser has acquired a 51% stake in Lexi's Healthy Eatery for an undiscolsed amount, which gives it access to Lexi's franchise and central kitchen operations. Business Day TV discussed deal with Keith McLachlan, Investment Officer at Integral…

30 Mar 2022 12PM 7 min

South Africa’s jobless rate hits record high

South Africa’s unemployment rate rose to a record high of 35.3% in the last quarter of 2021, with job losses mainly recorded in the manufacturing and construction sectors. Statistics South Africa however still sees light at the end of the tunnel with statistician general Risenga Maluleke saying that employment will…

29 Mar 2022 1PM 8 min

Rand continues to strengthen

The South African rand has managed to stand its ground, despite ongoing geopolitical issues. The local unit traded below the R15 mark to the US dollar, and inched closer to a five-month high. Business Day TV caught up with RMB’s Head of FX Execution and discussed the moves playing out…

29 Mar 2022 12PM 7 min

Brimstone resumes dividends as it swings to profit

Brimstone has reinstated its dividend, following a return to profit. The investment holding company halted dividends after Covid-19 weighed on its portfolio of investments but trading conditions have since improved and it’s posted annual profit of R920.9 million compared to a loss of R43.8 million previously.

29 Mar 2022 12PM 9 min

Share Shootout

Many investors have never experienced inflation like we have seen the last few months, so it may be a good time to revisit your portfolio and confirm whether you still feel confident. So for this month’s share shootout we’ve asked our stock pickers for 3 of the best to weather…

29 Mar 2022 8AM 26 min

Tiger Brands invests in plant-based food

Tiger Brands is betting on Africa’s plant protein market, which is projected to grow at a compound annual growth rate of 6.5% to $560.62 million by 2023. The food and beverage group has invested in Herbivore Earthfoods via its venture capital fund for an undisclosed amount, and says the deal…

28 Mar 2022 11AM 6 min

ADvTECH reports double-digit profit growth

ADvTECH has delivered double-digit earnings growth, with headline earnings per share for the twelve months to December up 33%. The private education provider has cited solid enrolment growth, a significant improvement in up-to-date school fees and a focus on efficiency. Business Day TV caught up with the CEO Roy Douglas…

28 Mar 2022 11AM 8 min

Can SA Tourism Live Again?

How will local tourism look to capitalise on the recent scrapping of the mandatory requirement for a negative PCR test for vaccinated travellers to enter South Africa? Can the sector truly live again as the new marketing slogan implores us to do? Joining Michael for this discussion is Tshifhiwa Tshivhengwa,…

28 Mar 2022 8AM 26 min

The Week In Perspective

President Cyril Ramaphosa has reached 95% of the five-year, R1.2-trillion investment target he set when he launched his investment drive in 2018, and he expects that companies that have pledged new investments at his four conferences will give others the confidence to follow suit. The Reserve Bank hiked by 25…

25 Mar 2022 7AM 25 min

Soft commodity prices surge on Russia-Ukraine war​

The Russia-Ukraine conflict has driven soft commodity prices to record highs, raising alarms for investors as Russia and Ukraine account for about 29% and 19% of global wheat and maize exports respectively. Business Day TV unpacked the impact that rising prices could have on global food supplies with Wandile Sihlobo…

24 Mar 2022 1PM 6 min