Business News Leaders

What is the impact of COVID-19 on SA’s taxi industry

As the number of South African COVID-19 infections climb, the message is broadly to work from home and apply social distancing to avoid the spread of the virus. The instruction however will see less demand for the taxi industry. Business Day TV spoke to David Hurwitz CEO of Transaction Capital…

24 Mar 2020 2AM 7 min

Food security amid COVID-19

Sanitizers, toilet paper and canned foods - these are some of the items that are flying off retail shelves. What could some of the ‘scare buying’ mean for food security? Business Day TV spoke to Noel Doyle CEO of Tiger Brands for more.

24 Mar 2020 2AM 6 min

How Grand Parade more than doubled headline earnings

Grand Parade's delivered a 19% rise in interim revenue while headline earnings more than doubled. Business Day TV caught up with CEO Moshin Tajbhai for a look at the company's half-year performance.

23 Mar 2020 2AM 6 min

How ARC's stake in Rain pays off

African Rainbow capital was one of those rarest of beasts on the JSE today: a company with a gain in its share price - a 12.8% intraday surge, to be exact. The empowerment investment firm has managed to grow its intrinsic net asset value per share by 3.4% although at…

20 Mar 2020 2AM 7 min

MPC cuts repo rate with 100 basis points

We've got more than what we've bargained for. The expectation was largely for a 50 basis point cut to interest rates but its come in at 100 basis points along with aggressive changes to the GDP and inflation forecast. Azar Jammine, Chief Economist at Econometrix talks to Business Day TV…

20 Mar 2020 2AM 7 min

How inflation increased to 4,6%

The February inflation print came in at 4.6%, up slightly from 4.5% largely driven by food prices, as well as medical insurance. Business Day TV spoke to Kevin Lings, Chief Economist at Stanlib for his analysis on the print and where it’s headed.

19 Mar 2020 2AM 8 min

How LFP and BFASA are working on improving food security

LFP Group and the Black Farmers Association of South Africa have partnered to empower black farmers in the country, and tackle food security issues. Business Day TV spoke to Lenox Mtshagi, president of BFASA and Francois Pulzone of LFP Group for more detail on the collaboration.

19 Mar 2020 2AM 7 min

How Libstar managed to improve margins

Libstar's reported double digit profit growth, with full-year normarlised headline earnings per share jumping close to 11%. This was fuelled by contributions from its food-related categories, as well as improved margins. Business Day TV caught up with CFO Robin Smith for more detail on the numbers.

19 Mar 2020 2AM 7 min

Why Metair expects better days ahead

Metair is optimistic about its future prospects. The group says its 3% rise in annual headline earnings lays a sound foundation to deliver on its new contracts. The company has inked deals with Mercedes, VW, Nissan and Isuzu for the next three years. Business Day TV spoke to Theo Loock,…

19 Mar 2020 2AM 7 min

How retail sales increased in January

Retail sales have beat analysts' expectations, rising 1.2% on an annual basis in January. Business Day TV unpacked the print with Reezwana Sumad from Nedbank CIB.

19 Mar 2020 2AM 5 min

Coronavirus impact: Africa still a frontier of global growth?

Colin Coleman has argued that Africa could be one of the major sources of growth for the world. That forecast comes despite the IMF and World Bank trimming growth projections on account of the coronavirus outbreak. Business Day TV spoke to Colin Coleman, Senior Fellow at the Jackson Institute of…

18 Mar 2020 2AM 7 min

How Sasol plans to raise nearly R100 billion by next year

Sasol has a plan to tackle its debt. The petrochemicals giant will use various initiatives to raise nearly R100 billion by the end of its 2021 financial year. Business Day TV spoke to Fleetwood Grobler, CEO of Sasol for more detail around how the company intends to achieve that target.

18 Mar 2020 2AM 7 min

Remgro posts fall in half-year headline earnings

Remgro's reported a marginal decline in headline earnings, but it's warned that the current economic conditions will last for a few more years. Business Day TV spoke to CEO Jannie Durand about the group's interim performance.

18 Mar 2020 2AM 5 min

How Sun International grew profits

Sun International's delivered full year results today. Reporting a 4% rise in total income and a 28% jump in profit after tax. That's as organic growth from key operations at home and the impact of acquisitions made in the prior period offset the poor performance in Latin America. Joining Business…

17 Mar 2020 4AM 7 min

Why Old Mutual may miss 2020 growth targets

Old Mutual is feeling the impact of the coronavirus - the company expects to miss growth targets going forward. For now, challenging macroeconomic conditions on the continent has led to a 25% plunge in full-year headline earnings. Company's CFO, Casper Troskie talks to Business Day TV about the company's performance.

17 Mar 2020 2AM 5 min

How labour plans to deal with virus spread, economic impact

The National Economic Development and Labour Council met to discuss the economic and labour impact of the coronavirus along with mitigation measures to avoid the spread of the virus. Business Day TV caught up with Martin Kingston the Vice President of Business Unity South Africa to talks about the decisions…

17 Mar 2020 2AM 8 min

How there may be a rebound on the cards for SA's construction sector

South Africa's construction sector has been under pressure, due to tight budgets, difficult trading conditions and adversarial contracts. But a turnaround may be on the cards, due to the state's recent investments in the industry. Business Day TV spoke to Raubex CEO Rudolf Fourie about the outlook for the sector,…

16 Mar 2020 2AM 5 min

How equity investments give Exxaro a boost

Exxaro's weathered tough conditions during it’s annual period. The miner managed to deliver a 13% rise headline earnings, despite worsening global and domestic headwinds, and that’s thanks to a boost from its equity investments. Business Day TV spoke to CEO Mxolisi Mgojo for his perspective on the numbers.

13 Mar 2020 2AM 9 min

Why Sanlam’s annual headline earnings are down 18%

Sanlam has reported an 18% plunge in annual headline earnings, as the insurer faced low economic growth in key markets along with a number of one-time charges. Business Day TV spoke to Ian Kirk, CEO of Sanlam for his analysis of the performance.

13 Mar 2020 2AM 5 min

How Growthpoint managed to deliver tepid distribution growth

Property company Growthpoint reported a 2.2% rise in half-year distributable income while distribution per share grew by a tepid 0.2%. The slight growth that it did manage, largely due to its internalisation strategy, which acted as a buffer for the weak showing from its local property portfolio - as it…

12 Mar 2020 2AM 7 min