Business News Leaders

How accounting changes soured RCL's half-year performance

Accounting changes and once-off items have soured RCL's interim performance, that’s as headline earnings per share fell by 2.7%. Business Day TV unpacked the numbers with CEO Miles Dally.

2 Mar 2020 1AM 5 min

Why Bidvest's interim earnings have taken a knock

Bidvest's interim earnings have taken a knock. The services, trading and distribution group has reported a near 11% decline in interim headline earnings per share, as accounting changes and an SAA write-down weighed. Business Day TV spoke to Lindsay Ralphs, CEO of Bidvest for his assessment of the numbers.

2 Mar 2020 1AM 8 min

How current PMI levels are comparing to 2008 financial crisis

Activity at South Africa’s factory gate continues to slow. The Absa PMI has suffered its fourth month of decline coming in at 44.3 in February, its lowest level since the 2008/2009 financial crisis. Business Day TV spoke to Miyelani Maluleke, Senior Economist at Absa about the current print and what…

2 Mar 2020 1AM 7 min

Is a Moody's downgrade inevitable?

Analysts and economists have largely welcomed the 2020 Budget with consumers being offered some tax relief and expenditure being cut by reigning in public sector wage bill, that’s been spiralling out of control. Only two of the right notes were struck on Wednesday but was it necessarily a Moody's budget?…

2 Mar 2020 1AM 6 min

How Spur raises dividend by almost a quarter after profit windfall

Spur has posted an 8.4% rise in group revenue despite continued pressure on South Africa's economy. The owner of chains such as RocoMamas and Hussar Grill, says the recovery of an impairment provision of R10.8 million related to its transaction with Grand Parade Investments, is part of the reason why…

27 Feb 2020 1AM 7 min

How a rise in global stocks gives Liberty a boost

Liberty has benefitted from equity market performances during its full-year. This has helped the group deliver headline earnings growth of 23% as the company's Share Investment Portfolio made the most of those gains. David Munro, CEO of Liberty joins us for greater perspective on the numbers.

27 Feb 2020 1AM 6 min

Why Massmart withholds dividend as it swings to a loss

Massmart has swung to an annual loss of over a billion rand. This largely due to an impairment related to the group's non-profitable stores in Massdiscounters and Masscash stores which is inclusive of Game and Dion Wired. The division's were hard hit during the period with its trading profit plummeting…

27 Feb 2020 1AM 8 min

How SAA contract breach weighed on Comair's profit

Comair has reported a headline loss of R564m. This comes after SAA breached its settlement agreement for the outstanding R790 million it owes the airline group. This coupled with higher operational costs related to aircraft leases and rising maintenance costs has weighed on its interim performance. Comair CEO Wranell Stander…

26 Feb 2020 1AM 5 min

SA escape Moody's downgrade?

In an attempt to deal with the rising budget deficit, Finance Minister Tito Mboweni has promised to slash the public sector wage bill. But will this be enough for the country to escape a Moody's downgrade? SEB's Chief Emerging Markets strategist, Per Hammarlund shares his perspective with Business Day TV.

26 Feb 2020 1AM 5 min

Deputy Finance Minister David Masondo's thoughts on budget 2020

The famous 1980s film, Ferris Bueller's Day off featured a crusty professor talking about the Laffer Curve. Giulietta Talevi caught up with Deputy Finance Minister David Masondo and asked him whether the Laffer curve was top of mind in the decision not to increase taxes and in fact, in a…

26 Feb 2020 1AM 10 min

How Imperial grew operating profits by 9%

Imperial says its faced heightened difficult trading conditions across its operating regions which aren't expected to subside in the short term. Despite this, the group has managed to grow interim headline earnings per share 10% while continuing operating profit grew 9%. This as new contracts and cost cutting helped buffer…

25 Feb 2020 1AM 6 min

How Curro's expansion weighed on its profits

Curro's full year report is out, and its delivered an 18% rise in revenue on the back of a 12% increase in learner numbers. Despite this headline earnings per share rose a tepid 2%, as increasing expense costs as a result of expansion, and a fall in net revenue per…

25 Feb 2020 1AM 6 min

How AECI seeks to mitigate virus risks

Chemicals and explosives group, AECI released annual results today. Reporting revenue up 6.4%, and a 10% jump in HEPS - as all its operating segments achieved growth. This coupled with the proceeds from the sale of its joint venture helped lift its dividend by 11% to R5.70. Company CEO, Mark…

25 Feb 2020 1AM 6 min

Why store expansion has paid off for Shoprite

Store expansion has boosted Shoprite's interim earnings. The retailer grew sales 7% with South Africa the outperformer in this regard. Sales in the domestic market grew almost 10% as the group gained market share. The company is eyeing a larger share of South Africa's premium food retail market now, while…

25 Feb 2020 1AM 6 min

How the rand remains under pressure as coronavirus weighs

The rand continues to be under pressure as Minister Tito Mboweni prepares what is arguably one of the most critical Budget speeches in years, and that's amid fears of the Coronavirus turning into a global pandemic. Joining Business Day TV is Marc Viakovsky from RMB with further analysis on what's…

25 Feb 2020 1AM 6 min

How increased operating expenses are biting into JSE earnings

The JSE’s annual headline earnings per share has plunged by 23%. This as the group had to contend with increased operating expenses while cash from operations pulled back during the period. Business Day TV spoke to Leila Fourie, CEO of the JSE for her analysis of the numbers and what…

24 Feb 2020 1AM 6 min

Why Adapt IT's earnings slumped

A downbeat economy has knocked Adapt IT's half year profit by over a third. The firm says the local market remains challenging, and in light of that Business Day TV spoke to CEO Sbu Shabalala about how Adapt IT will be positioning itself to mitigate those conditions.

24 Feb 2020 1AM 5 min

Why Sasol is withholding dividends

Sasol’s interim earnings have taken a 74% knock, as macroeconomic factors along with continued challenges at its Lake Charles Chemicals Project weighed. Business Day TV spoke to Fleetwood Grobelar, CEO of Sasol for greater perspective on the performance.

24 Feb 2020 1AM 6 min

How African markets are rising margins in Truworths

Truworths has experienced challenging trading conditions in both its primary markets. Despite this, the group managed to expand its South African gross margins. Group operating profit however still fell 2.3%. Business Day TV spoke to Michael Mark, CEO of Truworths about the interim performance.

20 Feb 2020 1AM 8 min

What to expect from Budget 2020

Lower tax revenue collections and weaker growth projections means Finance Minister Tito Mboweni will have larger holes to plug in the 2020 budget. Business Day TV spoke to David Warneke from Saica about his tax expectations as far as that budget is concerned.

20 Feb 2020 1AM 7 min