Business News Leaders

Metair books record profit amid strong battery demand

Metair generated record headline profit in 2021, supported by its Covid-19 response strategy and a recovery in demand for batteries. Business Day TV spoke to company's CEO Riaz Haffejee for more detail on the performance.

17 Mar 2022 11AM 7 min

Local bonds are back in favour

Investors are still seeing value in emerging market bonds especially with regards to South African debt. Local bonds are still ranked as the best performer out of 19 developing-nations, and have delivered returns of close to 9% in dollar terms in the first two months of 2022. Business Day TV…

16 Mar 2022 1PM 5 min

Growthpoint lifts its interim dividend

Growthpoint has managed to reward shareholders, despite a slump in activity in the office property market. The landlord has lifted its interim dividend by 5% to 62 cents, as the operating environment in the retail and industrial sectors gained momentum. Business Day TV discussed the company’s performance with Group CEO…

16 Mar 2022 12PM 6 min

Libstar serves up profit rise amid higher input costs

Libstar has delivered a 7% rise in annual revenue from continuing operations and more than doubled its profit, as an improved sales mix and price increases helped offset muted volume growth. The group has maintained its dividend at 25 cents. Business Day TV spoke to company's CEO Andries van Rensburg…

16 Mar 2022 12PM 9 min

South African banks recover from Covid-19 blow

SA banks have delivered solid results this earnings season, according to a report by PwC. Combined headline earnings came in at R86.6bn, reflecting a 99% increase as trading conditions improved. Business Day TV discussed this in greater detail with the PwC's banking and capital markets industry leader, Francois Prinsloo

15 Mar 2022 12PM 7 min

Why construction activity is slowing

The recovery of SA's construction industry has slowed, according to the Afrimat Construction Index. Activity picked up in the second and third quarters of 2021 but momentum petered put in the fourth quarter with the index rising just 0.8%. For a closer look at why this has happened Business Day…

15 Mar 2022 12PM 8 min

A Molotov in the macros

One of the best-performing categories since the beginning of last year has been commodities. Everything from oil to wheat to palladium to gold is up, due in large part to inflation worries. But how much room is there left to run? And how big a portion should commodities make up…

15 Mar 2022 8AM 25 min

What Stadio has planned for the future

Private higher education group Stadio has declared a maiden dividend after the firm managed to grow its student base by 9% in it’s year to end-December. Business Day TV speak to Stadio CEO Chris Vorster about the company’s future plans to capitalise on this growth.

14 Mar 2022 1PM 7 min

Sun International swings to profit

Casino and gaming group Sun International has returned to profit in 2021 as the easing of Covid-19 lockdown measures boosted local leisure travel. Business Day TV caught up with Sun International CEO Anthony Leeming to discuss whether this performance can be sustained given the uncertain nature of the Covid-19 pandemic.

14 Mar 2022 1PM 8 min

How Absa has benefitted from SA’S economic recovery

SA’s fourth largest bank by market value Absa has more than trebled full-year profit as economic conditions have improved, triggering a decline in credit impairments. Business Day TV spoke to Absa CEO Jason Quinn for insight into the bank’s outlook.

14 Mar 2022 12PM 8 min

Failed statehood top risk in IRMSA report

In his Monday morning missive the president chose to highlight the work that has been done by the Special Investigative Unit the SIU to fight corruption. He pointed to the fact that corruption is raised by concerned citizens wherever he goes, which is certainly not a blistering insight. But it…

14 Mar 2022 7AM 26 min

Standard Bank posts surge in annual profit

Standard Bank has delivered double digit profit growth. South Africa's second most valuable lender grew annual headline earnings by 57%, as low interest rates fuelled lending activity and credit impairments eased. BusinessDay TV discussed the performance with CEO Sim Tshabalala.

11 Mar 2022 9AM 9 min

The Week In Perspective

Asian shares extended a global slump on Friday after the fastest U.S. inflation in four decades and a hawkish European Central Bank (ECB) bolstered expectations for more aggressive rate hikes, hammering sentiment already stung by the Ukraine war. Sellers swarmed Chinese equity markets after U.S.-listed Chinese stocks tumbled following the…

11 Mar 2022 6AM 24 min

TymeBank diversifies into medical insurance

TymeBank is diversifying its offering. The digital bank has announced that it will be launching health insurance known as TymeHealth, in partnership with National HealthCare Group. Business Day TV spoke to ​TymeBank CEO Tauriq Keraan for more detail.

10 Mar 2022 11AM 7 min

The role of gas on path to net zero

The role of gas in South Africa’s future energy mix in the context of our Paris and Glasgow commitments to reduce our carbon emissions on a pathway to net zero by 2050 is stirring some heated debate. In response to this imperative, the National Business Initiative, together with Business Unity…

9 Mar 2022 7AM 27 min

Geopolitical issues weigh on emerging market currencies

Emerging market currencies started March on a sour note, as US sanctions against Russia spooked markets and pushed investors towards safe-haven assets. Business Day TV caught up with RMB's Fixed Income and Currency Strategist, Varushka Singh for more detail.

8 Mar 2022 11AM 6 min

South Africa's economy expands in 2021

South Africa's economy is showing signs of growth. Gross domestic product expanded by 4.9% last year, due to higher activity in finance, personal services and in the manufacturing sectors. Business Day TV discussed the print with Stanlib’s Chief Economist Kevin Lings.

8 Mar 2022 11AM 6 min

Shoprite shrugs off effects of July unrest

Shoprite has managed to deliver double digit sales and profit growth during its half-year, despite the impact of the July's unrest. The retailer opened 62 new stores during the period which helped boost sales by 10% while profit grew 25%. Business Day TV unpacked the performance with CEO Pieter Engelbrecht.

8 Mar 2022 10AM 8 min

Climate change report offers risks and hope

The recently published second part of the sixth IPCC Assessment Report (AR6) leaves little room for doubt. Written by 270 researchers from 67 countries, the report is “an atlas of human suffering and a damning indictment of failed climate leadership,” said António Guterres, the United Nations secretary general. “With fact…

8 Mar 2022 6AM 25 min

Massmart scraps dividend for third year

Massmart's annual net loss widened by more than a quarter to R2.2 billion, as the owner of Game, Makro and Builders struggled to regain its footing after being impacted by Covid-19 restrictions and July's riots. The group's scrapped its dividend for a third consecutive year. Business Day TV unpacked the…

7 Mar 2022 12PM 7 min