Business News Leaders

Why MTN's CEO decided to step down

MTN has delivered a near 39% jump in annual headline earnings largely driven by the group's rest of Africa operations. Ghana and Nigeria have outperformed with double digit revenue growth helping offset weaker growth in the local market. Company's CEO, Rob Shuter steps down at the end of this month,…

12 Mar 2020 2AM 9 min

Has the coronavirus impacted 2020's investment outlook?

As the coronavirus continues to wreak havoc on markets worldwide - the JSE is 17% off its 2020 peak - while the rand is sitting above 16 to the dollar. Avinash Kalkapersad from Nedbank CIB joins Business Day TV to take a closer look at where they're seeing the opportunity…

12 Mar 2020 2AM 4 min

How SA's tough economy weighed on Absa

Absa has weathered tough economic conditions during its full-year. The company managed to lift annual headline earnings per share by just 3%. Business Day TV unpacked the performance with Absa's CEO Daniel Mminele.

12 Mar 2020 2AM 7 min

How FirstRand lifted normalised earnings by 5%

FirstRand has weathered challenging economic conditions. The financial services group managed a 5% rise in normalised earnings boosted by FNB’s growth in customer numbers. Business Day TV spoke to Alan Pullinger, CEO of FirstRand for his analysis of the numbers.

11 Mar 2020 2AM 8 min

Vodacom agrees to cut data prices

Vodacom has given its customers a reason to smile. The company reached a settlement with the Competition Commission to slash data costs by over 30% across all channels. Business Day TV spoke to CEO of Vodacom, Shameel Joosub to find out what this move means for the company’s bottom line.

11 Mar 2020 2AM 7 min

Is self-generation the future of electricity?

The power crisis is still top of South Africa's risk chart and Business Day TV caught up RMB's Dario Musso, for his perspective on how self generation could help with load shedding.

11 Mar 2020 2AM 5 min

Netcare’s readiness to tackle SA’s Covid-19 outbreak

With the number of confirmed coronavirus cases having climbed to seven in South Africa, Business Day TV spoke to Netcare's CEO Richard Friedland to assess the company’s readiness to deal with a virus of this nature.

9 Mar 2020 2AM 8 min

Oil price plunges to historical lows

Oil is on a slippery slope after Saudia Arabia kicked off a price war with its one-time ally, Russia. This comes after Russia refused to cut back on output on account of the coronavirus. Business Day TV spoke to David Elmes from the Warwick Business School for his analysis on…

9 Mar 2020 2AM 6 min

How Aspen brought down its debt

Aspen CEO Stephen Saad spoke to Business Day TV about the firm’s plan to deleverage its balance sheet after it slashed its debt to R37.9 billion, following the sale of its Japanese business.

9 Mar 2020 1AM 8 min

How Fortress REIT navigates a difficult market

Fortress has adjusted how it calculates shareholder dividends, as it tries to be more conservative in a difficult operating environment. Business Day TV caught up with the firm's CEO Steven Brown about that move, as well as the company's half-year performance.

9 Mar 2020 1AM 6 min

Why Stadio holds back on dividend despite profit growth

Stadio says it has exceeded the strategic objectives and financial benchmarks set out in its pre-listing statement. The education group has reported a 7% increase in student numbers during its full-year, which supported a 9% rise in earnings for the period. Business Day TV spoke to Stadio's CEO Chris van…

5 Mar 2020 1AM 6 min

Why Standard Bank delivered a lacklustre annual performance

Standard Bank's delivered a lacklustre year-end performance, with headline earnings growth of just 1%. That's as a constrained macroeconomic environment, particularly in South Africa, along with losses at its joint venture with China's ICBC weighed. Business Day TV unpacked the performance with the lender's CEO Sim Tshabalala.

5 Mar 2020 1AM 8 min

How budget allocations positions Gauteng for growth

Gauteng's budget for 2020/21 has grown by R10 billion rand, and prioritises the health and education sectors. Business Day TV spoke to Gauteng MEC for Finance Nomantu Nkomo-Ralehoko about the spending plan, as well as the growth trajectory envisioned for the province.

5 Mar 2020 1AM 7 min

Why Mpact swings to annual loss

Mpact has swung to an annual loss of over R880 million, as tough trading conditions, accounting changes and an impairment weighed during the period. The company says it will focus on cash preservation moving forward, as it expects operating conditions to remain challenging. Business Day TV spoke to Bruce Strong,…

4 Mar 2020 1AM 8 min

How Afrox managed to grow its total dividend by 31%

African Oxygen has managed to recover from restructuring costs and equipment write-downs, delivering an over 31% surge in full year earnings. Business Day TV unpacked those numbers with CEO Schalk Venter.

4 Mar 2020 1AM 8 min

How Murray & Roberts grows half-year order book by 60%

Murray & Roberts has delivered a solid half-year performance, largely supported by a strong showing from its underground mining platform. The company managed to grow its order book by 60% during the period. Business Day TV spoke to Henry Laas, CEO of Murray and Roberts

4 Mar 2020 1AM 7 min

How the rand's reacted to SA's grim GDP figures

The rand has been knocked severely, hit by both local and global factors. Business Day TV spoke to RMB's Jan Sluis-Cremer to get to grips with the latest GDP numbers, along with the impact the print's had on the local unit.

3 Mar 2020 5AM 5 min

How Attacq managed to lift distribution growth by double digits

Property group, Attacq has defied the odds delivering double digit distribution growth in a challenging economic environment. Business Day TV spoke to COO, Jackie van Niekerk for more insight on the interim results.

3 Mar 2020 1AM 6 min

Why SA has slipped into a technical recession

A fourth quarter GDP contraction of 1.4% following a decline of 0.8% previously places South Africa in a technical recession. Owing to Eskom’s power supply issues and the coronavirus a meaningful improvement doesn’t appear to be on the cards. Business Day TV spoke to Lumkile Mondi from Wits University about…

3 Mar 2020 1AM 8 min

How SA's lacklustre growth weighed on Nedbank in 2019

South Africa’s lacklustre growth is weighing on Nedbank. The financial services provider produced a 7% decline in annual headline earnings. The performance was further impacted by hyperinflation in Zimbabwe and costs related to increasing its stake in Banco Unico. Business Day TV spoke to Mike Brown, Chief Executive of Nedbank…

3 Mar 2020 1AM 7 min