Business News Leaders

Adcock weathers a tough economic environment

Despite being dealt a blow by the current economic environment, Adcock Ingram's managed to deliver growth, even if it was tepid. Business Day TV unpacked the performance with CEO Andy Hall.

20 Feb 2020 1AM 6 min

How Sibanye managed to recover strike related losses

Sibanye-Stillwater's second half has come to its rescue - a profit of R604 million has seen it shrug off a first half loss of R171 million - driven by a five-month strike at the company's gold operations. Company's CEO, Neal Froneman talks to Business Day TV about the numbers and…

19 Feb 2020 1AM 7 min

How Emira maintains distribution growth

Emira Property Fund has upped it's interim dividend by 1.7% on the back of an improved vacancy rate of 3%. Business Day TV spoke to CEO, Geoff Jennett for some insight on how the company's managed retain tenants in a tough operating environment.

19 Feb 2020 1AM 6 min

SA Consumer Inflation up 4.5% in January

Consumer price inflation increased by 4.5% year-on-year in January 2020. And while this is up from December's 4% year-on-year increase and its highest up-tick in seven months, it still marks the fourteenth consecutive month that year-on-year inflation was at, or below the midpoint of the target band of 3-6%. Reezwana…

19 Feb 2020 1AM 6 min

How Kumba rewards its shareholders

Higher iron ore prices have given Kumba a boost. The miner has posted a 68% surge in earnings, bulk of which will be returned to shareholders. This amid fears around the Coronavirus potentially dampening prices going forward. Business Day TV spoke to Themba Mkhwanazi, CEO of Kumba Iron Ore to…

18 Feb 2020 1AM 9 min

Why are foreigners pilling into South African bonds?

Foreigners have been flocking into the South African bond market, despite the domestic risks that loom large. Business Day TV spoke to RMB's Michelle Wohlberg for further insight on the activity playing out in the fixed income arena.

18 Feb 2020 1AM 6 min

What is contributing to Pan African's boost in revenue

Higher gold prices coupled with increased output gave Pan African Resources a boost. That’s as the miner's profit more than doubled during the interim period. Business Day TV caught up with CEO, Cobus Loots to discuss the numbers in detail.

18 Feb 2020 1AM 4 min

How the coronavirus is affecting the global economy

Analysts are starting to price in the effect of the coronavirus on the global economy - with Moody's amongst the latest to revise its 2020 growth forecasts. Business Day TV spoke to Piya Sachdeva from Schroders about the impact of the coronavirus on the global economy.

17 Feb 2020 1AM 3 min

Why Amplats CEO Chris Griffith chose to step down

Anglo American Platinum delivered a stellar annual performance and rewarded shareholders with a hefty dividend payout. The numbers were however overshadowed by the announcement of the CEO’s resignation. Business Day TV spoke to Chris Griffith, CEO of Amplats about the baton that he is handing over.

17 Feb 2020 1AM 12 min

How Italtile plans to expand despite weak demand

Italtile's weathered a tough six-months due to weak macro-economic conditions, but it still plans to progress with its expansion strategy. Business Day TV spoke to CEO Jan Potgieter about the firm's half-year performance, and where it's eyeing market share growth.

13 Feb 2020 1AM 6 min

How Gold Fields plan to rais R3.7bn to fund Salares Norte

Gold Fields has reported a jump in 2019 profit benefiting from increased gold production and a higher gold price. The headline earnings per share almost tripled on the back of that and the miner says that it plans on issuing new shares to raise about $269 million to help fund…

13 Feb 2020 1AM 6 min

What led to DRD Gold's boost in profits

An increase in gold production and a rise in the average rand-gold-price has boosted DRD Gold back into profitability. The company's Ergo and Far West Gold Recoveries units outperformed, helping the group report a six fold increase in interim operating profit. And moving forward the company's looking to the PGM…

12 Feb 2020 1AM 8 min

Risk appetite recovers as coronavirus fears ease

Risk appetite may have made a comeback on the global markets scene - but fears are rising around the extent to which the impact of the Coronavirus is being underestimated. And with Citi the latest to highlight that Citi highlight that the seven hardest-hit Chinese provinces, account for 35%-40% of…

12 Feb 2020 1AM 6 min

Why retailers’ sales contracted in December

Retail sales dipped in December, falling 0.4% year-on-year. The largest negative contributors to the print were general dealers and retailers in hardware, paint and glass. Yesterday we saw the unemployment rate unchanged at 29.1% with many experts pointing out the worrying fact that the wholesale and retail trade sector shed…

12 Feb 2020 1AM 6 min

How Harmony Gold managed to return to profit.

We’ve had the average gold price go up 19%. Sitting at its best in 9 years in 2019 - see Harmony present an almost fictional earnings report for its first half. Revenue up 12% - believable. But, headline earnings per share was soaring 6 325% while net profit grew 7…

11 Feb 2020 1AM 7 min

Is AngloGold selling their assets to Harmony?

Rumour has it that AngloGold may be selling its remaining local assets to Harmony Gold. This comes on the back of Harmony's half year numbers where it swung to profitability as it benefited from a 19% rise in the average gold price. Mergence Corporate Solutions’ Peter Major shares his thoughts…

11 Feb 2020 1AM 6 min

Brimstone lifts its stake in Obsidian

Investment holding company Brimstone now has a controlling stake in healthcare equipment supplier, Obsidian Health. This is now allowing the company to move in line with its strategy to acquire controlling interests in unlisted companies. Brimstone CEO Mustaq Brey talks to Business Day TV about the healthcare industry and their…

10 Feb 2020 1AM 4 min

What is Zimbabwe's 2020 growth outlook?

The IMF has pegged a contraction of at least 6% in the Zimbabwean economy for 2019. This, with the country, hampered by power outages, foreign currency shortages, reduced production and inflation running rampant towards 500%, year-on-year. And political deadlock is certainly not helping. The Economist Intelligence Unit has in fact…

7 Feb 2020 1AM 7 min

Could legalising cannabis help SA's revenue shortfall?

Finance Minister Tito Mboweni recently tweeted that he needs more tax revenue, and hinted that decriminalising cannabis could help accomplish that goal. Business Day TV spoke to Brian Van Rooyen, CEO of Labat Africa, which has been growing its cannabis exposure, about the potential that the industry holds.

6 Feb 2020 1AM 7 min

Why ArcelorMittal SA has slipped into the red

ArcelorMittal South Africa has swung to a headline loss of over R3 billion. This in part due to a weaker rand and a fall in steel prices driven by increased imports during it's full-year. Along with this, the company has also seen a surge in net impairment charges over the…

6 Feb 2020 1AM 6 min