Business News Leaders

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

Robust demand gives Mpact a boost

Improved domestic demand for Mpact's products gave its annual performance a boost. The packaging company delivered a 12.6% rise in full year revenue and an 89% surge in headline earnings per share. Business Day TV spoke to CEO Bruce Strong for more detail

7 Mar 2022 12PM 7 min

Russian Sanctions

Russia’s invading forces have bombed targets in Kyiv, Kharkiv and elsewhere in Ukraine, prompting fears of rising civilian casualties and growing questions as to whether the west could step up military, economic or other efforts to help. Vladimir Putin has told the French president, Emmanuel Macron, that Ukrainian intransigence means…

7 Mar 2022 6AM 22 min

Unpacking opportunities in Southern Africa's gas sector

Southern African eyeing gas and renewables as the best energy solution as demand for climate action and global decarbonisation grows. Nosizwe Dlengezele, the Regional Sales Executive for GE Gas Power Sub-Saharan Africa joined Business Day TV to discuss the role that gas will play in the region’s energy transition.

4 Mar 2022 9AM 8 min

The Week In Perspective

As the Ukrainian war enters its 9th day and bombs rain down on civilian targets and nuclear power plants are caught up in the crossfire while the West watches meekly on it’s been another grim week for the world. The ANC’s abstention at the UN vote a foghorn of the…

4 Mar 2022 6AM 26 min

Record coal prices give Exxaro a boost​

Exxaro’s delivered double digit profit growth during the annual period. The miner has reported a 58% jump in headline earnings per share while revenue rose by 13%, despite problems with South Africa's rail network, which weighed on production and exports. Business Day TV unpacked the results with Exxaro’s CEO, Mxolisi…

3 Mar 2022 12PM 7 min

Sibanye-Stillwater books record profit

Sibanye-Stillwater has posted record profit of R33.1 billion as the world’s largest platinum miner benefited from an improved operational performance in South Africa and a surge in rhodium prices. Business Day TV unpacked the performance with CEO Neal Froneman

3 Mar 2022 12PM 6 min

FirstRand’s half-year profit leaps 41%

FirstRand's reported a 41% jump in half-year profit. South Africa's largest bank, by market value, saw impairment charges fall from their pandemic levels, allowing the lender to unwind credit provision for Covid-19 related losses. Business Day TV spoke to CEO Alan Pullinger for more detail.

3 Mar 2022 11AM 7 min

Russian Roulette

8 Days ago, with bombardments of artillery, heavy equipment and small arms, Russian troops launched attacks from Ukraine’s northern border with Belarus, across its eastern frontier with Russia, and in the south from Crimea, the Ukrainian peninsula Russia invaded and annexed in 2014. Vladimir Putin’s full-scale military invasion of Ukraine,…

3 Mar 2022 7AM 28 min