Business News Leaders

Nedbank holds onto dividend

Nedbank has suspended its final dividend, following a near 57% slump in full-year headline earnings. The lender has cited higher impairments and lower revenues, largely due to a decline in client activity levels and the impact of lower interest rates. Business Day TV's Alishia Seckam spoke to Nedbank Chief Executive…

17 Mar 2021 2AM 7 min

Covid-19 weighs on Curro’s earnings

Covid-19 weighed on Curro's year-end performance. The private school group, which raised its bad debt provisions almost fourfold during the period, has posted a 32% drop in headline earnings. Business Day TV's Alishia Seckam unpacked the results with CEO Andries Greyling.

17 Mar 2021 2AM 8 min

Covid-19 eats into Libstar’s annual earnings

The Covid-19 pandemic has weighed on consumer goods group Libstar with the company reporting a 55% plunge in annual normalised earnings as the firm’s food division, which supplies restaurants, felt the sting of lockdown measures. Business Day TV's Alishia Seckam caught up with the company’s CEO Andries van Rensburg to…

17 Mar 2021 2AM 5 min

Shoprite bags profit despite Covid-19

Shoprite has posted a near 5% rise in half-year profit, despite Covid-19 weighing on consumers. Business Day TV's Alishia Seckam unpacked the performance with CEO Pieter Engelbrecht.

16 Mar 2021 2AM 7 min

Sorry state of small business the real disaster

The COVID-19 pandemic and subsequent lockdown has taken its toll on everyone, but small businesses have really borne the brunt of the 7% decline in GDP we saw last week. Finfind, in partnership with the Department of Small Business Development, SEDA, Services SETA, Business Leadership South Africa, the Banking Association…

16 Mar 2021 2AM 24 min

SA's construction sector continues to recover

South Africa's construction industry continues to recover. Afrimat's index for the sector rose to 111.3 points in the fourth quarter, showing that activity is almost back to pre-pandemic levels. Business Day TV's Alishia Seckam spoke to independent analyst Roelof Botha for more.

16 Mar 2021 2AM 7 min

What's driving movements in the rand?

The local unit has continued to trade under the R15 to the US dollar mark as US Treasury yields backed off recent highs further supporting a risk-on backdrop. Business Day TV's Alishia Seckam discussed the movements at play with RMB’s currency analyst Varushka Singh.

16 Mar 2021 2AM 4 min

Absa's annual earnings more than halve

Covid-19 weighed on Absa's full-year performance. The lender's credit impairments nearly trebled during the period, resulting in a 51% slump in profit. Business Day TV's Alishia Seckam unpacked the results with Jason Quinn, Financial Director at Absa.

15 Mar 2021 2AM 8 min

Covid-19 weighs on Sun International

Covid-19 has weighed on Sun International as lockdown measures prevented the hospitality group from operating for months on end. This contributed to the group reporting an annual adjusted headline loss of R1.1bn. Business Day TV's Alishia Seckam spoke to Sun International CEO Anthony Leeming about how the business plans to…

15 Mar 2021 2AM 7 min

Stadio slips into the red

Stadio has delivered double digit growth in student numbers as it benefited from a jump in online enrolments amidst Covid-19. But this did not translate into its bottom line as it recorded a headline loss of R70mn. Business Day TV's Alishia Seckam unpacked the numbers with the CEO Chris Vorster.​

15 Mar 2021 2AM 4 min

Aspen on track to produce J&J vaccine

Aspen says it's on track to produce Johnson & Johnson's Covid-19 vaccine at its facility in South Africa. Business Day TV's Alishia Seckam caught up with the group's CEO, Stephan Saad for a closer look at what this will mean for the group.

12 Mar 2021 12AM 8 min

Eskom says 'window of opportunity open' for green hydrogen

South Africa’s ‘hydrogen economy’ ambition has gathered momentum in recent years with hydrogen touted as the clean molecule the world needs to secure a sustainable energy future. Hydrogen is clean-burning, can be produced from renewable sources of power, and therefore has a promising role to play in the global effort…

12 Mar 2021 12AM 25 min

How COVID-19 has weighed on Standard Bank

Africa’s biggest bank by assets Standard Bank has reported a slide in annual profits as it had to increase bad-debt provisions to help cushion itself from the fallout from Covid-19. Business Day TV's Alishia Seckam spoke to CEO Sim Tshabalala for his take on the current operating environment and how…

11 Mar 2021 1AM 8 min

Why Sanlam’s annual headline earnings jumped 24%

Sanlam has posted a 24% jump in full-year headline earnings as volatile markets boosted the insurer’s new business volumes. Business Day TV's Alishia Seckam unpacked the performance with the company's CEO, Paul Hanratty.

11 Mar 2021 1AM 5 min

Gauteng GDP slumps as the coronavirus weighs

Gauteng finance MEC Nomantu Nkomo-Ralehoko has highlighted the dire impact of Covid-19 on the province’s GDP in her 2021/2022 budget presentation saying that it shrank by more than R80bn last year. Business Day TV's Alishia Seckam caught up with the MEC to find out what spending plans are in place…

11 Mar 2021 1AM 4 min

MTN suspends final dividend as it battles to reduce debt

MTN has opted to hold onto its final dividend, as the mobile operator eyes an uncertain trading environment caused by Covid-19 and battles to reduce its debt pile. Business Day TV's Alishia Seckam spoke to MTN’s Acting CFO, Sugentharan Perumal for more.

10 Mar 2021 1AM 5 min

Why EPP decided to hold onto its final dividend

The coronavirus pandemic continues to weigh on Polish landlord EPP as the company gives its tenants rental concessions as they deal with the fallout from lockdown measures. Business Day TV's Alishia Seckam caught up with the CEO Tomasz Trzósło for more detail about the outlook for the company as EPP…

10 Mar 2021 1AM 4 min

Growthpoint continues to battle Covid-19 fallout

Growthpoint continues to feel the pinch of Covid-19 as the landlord is still providing relief to its tenants that are struggling under the weight of reduced trading due to lockdown measures. This has impacted the firm’s interim distributable income which has fallen 21%. Despite the knock, Growthpoint has declared a…

10 Mar 2021 1AM 8 min

AfroCentric’s diversification strategy pays off

Healthcare investment company AfroCentric says it’s diverse range of products helped it navigate the uncertain economic environment caused by Covid-19. Business Day TV's Alishia Seckam unpacked this in greater detail with CEO Ahmed Banderker.

9 Mar 2021 1AM 4 min

Adapt IT says diversification strategy has paid off

The shift to working from home and online learning as a result of Covid-19 has cushioned the full blow of the pandemic for software specialist Adapt IT with the group's total revenue slipping just 2% during its half-year. Business Day TV's Alishia Seckam spoke to CEO Sbu Shabalala for more…

9 Mar 2021 1AM 7 min