Business News Leaders

Why Implats can pay dividends again

Impala Platinum has started making dividend payments again after a six-year break. That's as the group produced record annual earnings thanks to higher metal prices. Business Day TV unpacked the results with Nico Muller, CEO of Impala Platinum.

3 Sep 2020 2AM 9 min

Rand brushes off domestic woes

The rand firmed today, advancing against a weaker dollar which shielded the local unit from domestic economic woes. Business Day TV caught up with RMB's Matete Thulare for further insight.

3 Sep 2020 2AM 4 min

Will the impact of Covid-19 weigh on Massmart's turnaround strategy?

Turning Massmart around during the current economic climate is proving to be difficult. The retailer’s half-year loss grew from R832m to R1.2bn as it suffered a double-digit slump in sales and its costs increased due to store closures. Business Day TV spoke to Mitchell Slape, CEO of Massmart to discuss…

27 Aug 2020 2AM 7 min

How Covid-19 weighed on Grindrod

Grindrod says a good performance at some of its terminals boosted the company's half-year trading profit and cash generation, but the Covid-19 pandemic still weighed on profits. Business Day TV unpacked the numbers with Grindrod CEO Andrew Waller.

27 Aug 2020 2AM 5 min

Covid Tech Rally - How long can it last?

Outside of new all-time highs on tech-driven indices, most markets and equity sectors are stalling given an array of low-intensity concerns around global growth. Tech is hogging the headlines. The FANGs hoovering all before them. Tim Cook now has 2 trillion reasons to smile…as Apple became the first US company…

27 Aug 2020 2AM 24 min

What role will small-cap companies play in kick-starting the economy?

Renergen CEO Stefano Marani says small-caps are central to kick-starting South Africa's economy. This due to the strong correlation between business confidence and GDP growth, and between the size of the small cap index relative to the total index compared with unemployment. Business Day TV spoke to Stefano Marani, CEO…

27 Aug 2020 2AM 8 min

Nedbank takes a knock as impairments skyrocket

Preparations for the economic fallout from Covid-19 have led to a 69% drop in Nedbank’s interim earnings. The group took an impairment charge on bad loans of nearly R8bn but the lender is hopeful that bad debts will ease in the next six months. Business Day TV spoke to Mike…

26 Aug 2020 2AM 6 min

How did Stadio weather the Covid-19 storm?

Stadio has reported double-digit growth in student numbers for its half-year as it benefited from a rise in online student enrolments at the height of the coronavirus fuelled lockdown. This however did not translate in its bottom line as write-downs resulted in a loss of R78m. Business Day TV caught…

26 Aug 2020 2AM 7 min

Covid-19 weighs on Murray & Roberts

Murray & Roberts has been hard hit by the fallout from Covid-19. The firm estimates that the pandemic cost it R622m. Business Day TV caught up with the group's chief executive Henry Laas to discuss how the company plans to recover from the challenging period it's come through.

26 Aug 2020 2AM 6 min

Covid and future of financial advice

The fallout from the COVID-19 pandemic creates the need for a new type of financial advisor who can integrate investment portfolios embracing client-facing automation, dynamic modeling and solutions that make risk more transparent. “Clients today care more about risk than reward; the pandemic turned a paradigm on its head. Michael…

26 Aug 2020 2AM 27 min

Why Italtile is eyeing turnaround as lockdown eases​

The hard lockdown hit Italtile’s revenue in April but the bathroom-ware group has reported double-digit sales in June through August and expects even better growth moving forward. Business Day TV spoke to Jan Potgieter, CEO of Italtile for his take on the current climate and its impact on the group’s…

25 Aug 2020 2AM 8 min

How Covid-19 weighs on Imperial's performance​

Covid-19 has weighed on Imperial's full year performance, costing the group about R4bn in revenue and R1bn in operating profit. Business Day TV unpacked the results in detail with company CEO, Mohammed Akoojee.

25 Aug 2020 2AM 3 min

Why Master Drilling is expecting a bumpy second-half

Master Drilling is in for what it's called a 'bumpy ride' as the group expects difficult trading condition during the second-half. Business Day TV spoke to Andre van Denventer, CFO of Master Drilling for his take on how the group plans to navigate the challenges that lie ahead.

25 Aug 2020 2AM 6 min

Why Tower Property's annual revenue has dropped by 16%

Tower Property Fund has reported a 16% drop in annual revenue. The firm, which has assets in South Africa and Croatia, says the Covid-19 pandemic has created unprecedented challenges, and has added to the pressures facing its tenants. Business Day TV spoke to CEO Marc Edwards for more insight.

21 Aug 2020 2AM 6 min

Gold Fields CEO to retire

Gold Field's CEO Nick Holland has reached retirement age and will be stepping down from the position in 2021, but his last year will be a busy one particularly as the group expects to continue to benefit from a higher gold price. Business Day TV spoke to Holland about the…

20 Aug 2020 2AM 6 min

Standard Bank reports plunge in earnings as credit impairments rise

Standard Bank is feeling the impact of Covid-19. The lender's half-year headline earnings plunged 44% as credit impairments grew and looking ahead, more provisions are expected in this regard. Business Day TV spoke to Sim Tshabalala, CEO of Standard Bank for his take on the performance.

20 Aug 2020 2AM 8 min

KAP Industrial optimistic about its prospects

Despite Covid-19 weighing on KAP Industrial's annual earnings, the group remains optimistic about its future prospects saying that it's seeing improved demand for its products as lockdown restrictions are being lifted. The firm's CEO Gary Chaplin spoke to Business Day TV about the numbers in greater detail.

20 Aug 2020 2AM 3 min

Digital regulation not fit for purpose

Much like a microcosm of our socio-economic context, the Artificial Intelligence (AI) landscape in South Africa is uneven and burdened with regulatory challenges. If not addressed, these challenges could give more power to those who already control AI systems, evoking concerns about power dynamics and how the role of humans…

20 Aug 2020 2AM 26 min

Investec's success story

Investec was founded as a small leasing and financing company 46 years ago, in 1974 in Johannesburg, by Larry Nestadt, Errol Grolman and Ian Kantor. It secured a banking licence in 1980 and was first listed on the JSE Securities Exchange in South Africa in 1986, after merging with Metboard,…

19 Aug 2020 2AM 27 min

Will Tsogo Sun Hotels recover after lockdown?

Tsogo Sun Hotels has welcomed the decision to ease South Africa's lockdown restrictions to level two but what kind of recovery is expected? To find out, Business Day TV caught up with the group's CEO Marcel von Aulock.

19 Aug 2020 2AM 6 min