Business News Leaders

Murray and Roberts returns to profitability

Murray and Roberts is back in the back. The engineering group has reported a return to profit with headline earnings coming in at R51 million during its first half, from a loss of R111 million previously. The group says its financial results are evidence that its strategic efforts, especially over…

2 Mar 2022 12PM 7 min

Cashbuild posts big fall in profit

Cashbuild has reported a 27% fall in first-half headline earnings per share, with the impact of July’s civil unrest and looting weighing on its performance. The building materials retailer expects trading conditions to remain uncertain due to Covid-19 and its economic impact. Business Day TV unpacked the performance with CEO…

2 Mar 2022 10AM 7 min

Helping Business Recover With The Business Builder’s Toolkit

We can take our minds of the Ukraine War and rising oil prices for a while as we settle in to talk about the world of building businesses and helping small businesses in particular bounce back from the pandemic. The following is an extract from my next guest’s new book,…

2 Mar 2022 6AM 25 min

Foreign investors dump South African bonds

International investors have been dumping local bonds over the past week, with data showing that net sales amounted to R3.4 billion. This comes as emerging market sentiment soured on the back of escalating tensions between Ukraine and Russia. Business Day TV discussed this in detail with RMB's Fixed Income and…

1 Mar 2022 12PM 5 min

JSE declares a special dividend

The JSE has given shareholders a reason to smile. Africa's largest stock exchange has increased its annual dividend by 4% to R7.54 and declared a special dividend of R1. The hefty payout comes despite pressure from the low interest rate environment, which weighed on finance income and earnings. Business Day…

1 Mar 2022 12PM 8 min

Operational issues weigh on Impala Platinum’s earnings

Impala Platinum has posted a 4.3% drop in interim headline earnings, as the world’s third-biggest platinum miner had to contend with intermittent power supply, industrial unrest and extended safety stoppages during its half year to end-December.Business Day TV unpacked the performance with CEO Nico Muller

1 Mar 2022 12PM 8 min

Animal Spirits

Last month we started the animal spirits by saying that the standoff over Ukraine remains a thorn in the market's side, with concerns a Russian invasion would also cut vital gas supplies to western Europe. Well those concerns and worst fears were realised and have dominated moves in asset prices…

1 Mar 2022 6AM 25 min

Focus on the Russia-Ukraine conflict

Ukrainian authorities have called for an immediate ceasefire with talks taking place with Russia at the Ukraine-Belarus border on day five of Moscow's invasion. Business Day TV analysed the situation and its impact in greater detail with Adrian Saville, Investment specialist at Genera Capital AND Professor in Economics at GIBS.

28 Feb 2022 12PM 8 min

Market share gains, increased volumes boost RCL Foods

RCL Foods has posted a 21.5% jump in its interim headline earnings, as volumes improved and as group gained market share. Business Day TV unpacked the performance in more detail with CEO Paul Cruickshank.

28 Feb 2022 12PM 5 min

Harmony’s profit falls as it eyes Bambanani mine closure

Harmony Gold’s reported a 69% slump in half-year net profit. South Africa’s largest gold producer had to contend with a conveyor belt failure at its Hidden Valley operation in Papua New Guinea and seismic concerns that have brought forward the closure of the group's Bambanani mine by two years. Business…

28 Feb 2022 12PM 6 min

Deal making in SA at levels last seen in 2015

At the DealMakers magazine black tie gala event South Africa’s top dealmakers and corporate financiers, and legal advisers were recognised. As editor Marylou Grieg points out, extracting those deals executed by companies with secondary listings on the JSE, local deal activity for the year was R484,6bn; a level not seen…

28 Feb 2022 9AM 27 min

Reviewing Budget 2022

South African taxpayers have been given a break. In his Budget Speech, Finance Minister Enoch Godongwana announced that the corporate tax would be reduced to 27% and that personal income tax brackets have been adjusted for inflation. The Minister further commented that many households and businesses are still under financial…

25 Feb 2022 8AM 8 min

The Week In Perspective

This budget week quickly gave way to the news of Russia’s invasion of Ukraine, which has caused markets to whipsaw as the prospects of a prolonged conflict in Eastern Europe not seen since the 1990s balkan conflict and perhaps even the second world war. Asian markets rebounded on Friday following…

25 Feb 2022 6AM 26 min

Oil price hits 8-year high

Oil surged past the $100 mark​ after Russia's invasion of Ukraine fueled concerns about disruptions to global energy supplies. Business Day TV spoke to SEB's Chief Commodities Analyst, Bjarne Schieldrop for more detail.

24 Feb 2022 12PM 6 min

Spur's interim earnings more than double

Spur has delivered a 40% rise in interim revenue while headline earnings per share more than doubled, largely due to a rebound in restaurant activity. Business Day TV discussed the company's performance with CEO Val Nichas

24 Feb 2022 11AM 8 min

Discovery withholds dividend despite half-year profit rise

Discovery has withheld its interim dividend despite reporting a strong recovery in profit. The group, which posted a 76% jump in half-year ​profit, says that the continued uncertainty caused by Covid-19 has prompted it to keep cash on hand. Business Day TV unpacked the performance with CEO Adrian Gore.

24 Feb 2022 10AM 8 min

Budget Review – Good, Bad And Ugly

The market reaction to the budget tells you everything. Much of the good news priced in. But as the Budget review reminds us It’s important to remember how we got here – and to ensure that history does not repeat itself. From 2008/09, South Africa experienced more than a decade…

24 Feb 2022 5AM 27 min

Unpacking the 2022 Budget

Business Day TV unpacks the country’s 2022 spending plan with Treasury's Deputy Director-General for Tax Policy Ismail Momoniat

23 Feb 2022 1PM 14 min

The rand’s reaction to the Budget Speech

Business Day TV speaks to Andre Cilliers from TreasuryOne about the rand's reaction to the national spending plan

23 Feb 2022 12PM 4 min

SUPER GROUP BOOSTED BY NEW ZEALAND ACQUISITION

A recent acquisition and a better-than-expected performance from Super Group's South African consumer facing business gave it's half-year performance a boost. The logistics and transport services company has delivered a 8.4% increase in revenue and a 19.6% rise in headline earnings per share. Business Day TV discussed the performance with…

22 Feb 2022 11AM 7 min