Business News Leaders

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

What to expect from Budget 2022

Finance minister Enoch Godongwana is expected to present a 'good news' budget, as the commodity price windfall is set to boost government's revenue and further assist in improving the budget deficit. Business Day TV spoke to RMB Economist Mpho Molopyane, about her Budget 2022 expectations.

22 Feb 2022 11AM 6 min

Higher iron ore prices boost Kumba

Investors in Kumba Iron Ore are due a hefty pay out. The group's total dividend for 2021 grew by more than two thirds, as the miner benefitted from higher iron ore prices and which helped push headline earnings per share up by 46%. Business Day TV spoke to CEO Mpumi…

22 Feb 2022 10AM 9 min

Budget 2022 preview

What do they say about statistics being like bikinis, conspicuous for what they conceal more than reveal? One could argue the same thing about South Africa’s recent revenue windfall, which, to some, will paper over the cracks in SA’s fiscal position. But peel away that temporary largess and the facts…

22 Feb 2022 6AM 27 min

Amplats benefits from higher platinum output and prices

Increased platinum production and higher prices have given Amplats a boost. The miner has posted a 160% surge in earnings and lifted its full-year dividend by a record 558%. Business Day TV unpacked the performance with CEO Natascha Viljoen.

21 Feb 2022 12PM 7 min

Sasol withholds interim dividend

Sasol has decided to hold onto its half year dividend,. The chemicals and energy group has reported a 21% slump in headline earnings per share, after the benefits of surging energy prices and a recovery in demand were offset by operational issues. Business Day TV spoke to CEO Fleetwood Grobler…

21 Feb 2022 12PM 9 min

Payments Scramble On For Africa

The prospect of a cashless Africa has triggered a scramble for control of its payments plumbing. The continent’s top telecoms operators have become big financial players thanks to their “mobile money” networks, which provide basic banking to tens of millions through handsets. If China is a guide, that could make…

21 Feb 2022 7AM 26 min

Watch: Budget 2022 - Will it be enough to revive South Africa’s economy?

Finance Minister Enoch Godongwana, will deliver his inaugural National Budget Speech on 23 February. The budget, which aims to strike a balance between competing national spending priorities, comes at a time when South Africa’s economic recovery faces fresh challenges. Business Day TV spoke to Deborah Tickle, Saica Member and Adjunct…

18 Feb 2022 9AM 11 min

The Week In Perspective

What do they say about statistics being like bikinis, conspicuous for what they conceal more than reveal? One could argue the same thing about South Africa’s recent revenue windfall, which, to some, will paper over the cracks in SA’s fiscal position. But peel away that temporary largess and the facts…

18 Feb 2022 6AM 27 min

Truworths recovers to pre-Covid levels

Truworths says its profitability has recovered to pre-pandemic levels. The retailer’s posted a 32% increase in headline earnings per share, and says its performance comes despite dealing with headwinds like load shedding, civil unrest and supply chain disruptions. Business Day TV unpacked the results with CEO Michael Mark.

17 Feb 2022 12PM 7 min

Local investors see opportunity in crypto market

Cryptocurrency interest has been growing across the continent, with South Africa being one of the largest markets for some crypto platforms. Business Day TV caught up with Lead Data Analyst at Luno, Richard Ball and discussed the factors that are behind the uptick.

17 Feb 2022 12PM 6 min

South Deep shines as a standout performer in Gold fields’ results

"Increased output and higher gold prices gave Gold Fields annual performance a boost. The world's sixth largest producer of the yellow metal’s has reported a 6% rise in annual normalised earnings and has identified South Deep as the standout performer, with production on that end exceeding its original guidance. Business…

17 Feb 2022 12PM 8 min

Make Scale-Up’s heroes

"As government, we have a responsibility to enforce regulatory compliance in the SMME sector and close businesses that are trading illegally". These words, apparently barked by Minister of Small Business Development, Stella “I’m-too-fabulous-for-this-portfolio” Ndabeni-Abrahams, the person President Cyril Ramaphosa has appointed to supposedly help grow and nurture the engine room…

17 Feb 2022 8AM 25 min