Business News Leaders

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

DRDGOLD hurt by higher costs

DRDGold’s first-half profit slumped by nearly 48%.The miner has cited higher input costs, particularly for chemicals used in the separation process as the firm produces gold from tailings dumps. Lower prices also weighed as the average basket price received during the term declined by 13%. Business Day TV unpacked the…

16 Feb 2022 12PM 8 min

Consumer inflation moderates in January

Consumer inflation moderated in January, with the consumer price index (CPI) easing to 5.7% from 5.9% previously. The slowdown is largely as a result of lower fuel prices during the period. Business Day TV unpacked the print in more detail with Siobhan Redford from RMB.

16 Feb 2022 11AM 6 min

Emira rewards shareholders with higher H1 dividend

Emira Property Fund has declared an interim dividend of over 56 cents, reflecting a near 9% rise on the previous period's payout. The landlord, which has assets in South Africa and the US, says it's able to reward shareholders because of its strong balance sheet and liquidity position. Business Day…

16 Feb 2022 11AM 7 min

Executive and MBA education in the smart technology era

Harvard Business School (HBS) has announced the cohort of Executive Fellows for the 2021-22 academic year. With its largest cohort yet, 29, the Executive Fellows Program seeks to leverage the expertise of outstanding practitioners to enhance teaching and learning at the School. All fellows, including alumni, partner with an HBS…

16 Feb 2022 8AM 27 min

Ninety One rejects Heineken's buyout offer for Distell

An overwhelming majority of Distell's shareholders have voted in favour of Heinken's buyout offer for the company. Asset manager Ninety One, which holds than less than 5% of Distell’s stock, has rejected the deal saying Heineken’s offer is too low. Business Day TV spoke to Rob Forsyth, Investment Specialist at…

15 Feb 2022 12PM 7 min

Focus on small cap stocks

The JSE's Small Cap Index slipped by 1.7% in January but analysts are still seeing pockets of opportunity in that sector. Business Day TV caught up with Small Talk Daily’s Anthony Clark for a look at his top three picks.

15 Feb 2022 12PM 7 min

Unions to strike at Sibanye-Stillwater

Industrial action is looming in the gold sector with mineworkers agreeing to down tools at Sibanye-Stillwater. Members of the National Union of Mineworkers (NUM), the Association of Mineworkers and Construction Union (Amcu), UASA and Solidarity have voted to strike if their wage demand of a R1000 increase for the next…

14 Feb 2022 1PM 8 min

Airline industry starts to recover from Covid-19

Airports Company South Africa says the airline industry is slowly starting to recover from pandemic-related travel bans and this has been supported by an increase domestic flights. Business Day discussed this with the CEO of the Airlines Association of Southern Africa, Aaron Munetsi.

14 Feb 2022 11AM 8 min