Business News Leaders

SA's inflation outlook

Well we have the latest CPI print due out on Wednesday and that will be part of the data that the Monetary Policy Committee looks at when it decides on interest rates at its last meeting for 2019 - with that decision due on Thursday. Joining Business Day TV to…

18 Nov 2019 1AM 4 min

The rise of passive investing in SA

Research from Blackrock has revealed that total global investment flows into passive products in 2018 stood at R514-billion, with the industry's total assets under management at the end of the year standing at $4.79-trillion. And while the use of passive products is still small in South Africa, the shift is…

15 Nov 2019 1AM 6 min

NUMSA to go on strike at SAA, indefinitely

Despite offering a revised wage increase offer, SAA may be in for some turbulence. Numsa and Satawu have confirmed that they will be go ahead with planned strike action tomorrow which will last indefinitely. The unions also remain disgruntled about potential job cuts. In the meantime, SAA board member, Martin…

14 Nov 2019 1AM 8 min

Dale Capital completes inward listing on ZAR X

Dale Capital - a Mauritius-listed private equity investment holding company- has become the first inward listing on the ZAR X, which was launched in 2017 to rival the JSE. Allowing investors exposure to the foreign company through a domestic channel. Chairman Mark Foulds joined Business Day TV with more.

14 Nov 2019 1AM 5 min

Mining output surprises to the upside

While mining production remains sluggish, it has outpaced analyst expectations in September. On a year-on-year basis, output was lifted by a tepid 0.2% and on a month-on-month basis, production increased by 1.5%. The increases were largely driven by stronger iron ore production while diamond output weighs. On the other hand,…

14 Nov 2019 1AM 5 min

Peregrine's earnings fall as JSE activity declines

A decline in activity on the JSE has weighed on Peregrine's interim performance. With its advisory division - Java Capital reporting a 45% decline in attributable earnings amid reduced deal flow in the general corporate finance space and in equity capital markets. And this further contributed to a near 40%…

13 Nov 2019 1AM 5 min

Retail sales tick up 0.2% year-on-year in September

Consumers appear to have tightened their purse strings, retail sales came in flat in September, up a tepid 0.2% year-on-year and up 0.5% month-on-month. General dealers which account for half of the overall sales fell 0.7% while retailers in textiles, clothing footwear and leather goods grew 3%. What does the…

13 Nov 2019 1AM 7 min

Spar posts profit jump despite tough operating environment

Spar's annual profit has nearly doubled - the retailer which operates in Southern Africa, Ireland and Switzerland saw an 8% rise in turnover growth in Southern Africa largely boosted by liquor sales which grew 18% while weakness in the rand worked in the group's favour in Ireland. The retailer is…

13 Nov 2019 1AM 6 min

What would a Moody's downgrade mean for SA?

Business Day TV caught up with Jones Gondo from Nedbank Corporate and Investment Banking to take a look at what a Moody's downgrade would mean for the bond market, the rand and for inflation.

13 Nov 2019 1AM 6 min

Why Telkom is switching its focus to mobile

Telkom has released its interim results showing a near 36% plunge in interim profit due to a steep rise in finance costs mainly related to spend on the group's mobile business. The company's CEO, Sipho Maseko spoke to Business Day TV about the group's strategy moving forward.

12 Nov 2019 7AM 9 min

Rand heads into quieter period, what's next?

Well, bearish bets on the rand have subsided despite the country teetering on the brink of junk status with Moody's having changed the rating outlook from stable to negative. And we've had some analysts suggest that we are heading into a quieter period for the rand - at least relative…

12 Nov 2019 1AM 5 min

Aspen agrees to sell Japanese unit

Aspen has agreed to sell its Japanese business to a division of Norvatis in a bid to reduce its debt levels. The company's debt has been whittled down to nearly R40 billion from over R53 billion while the sale to Norvatis which is still subject to approval comes at a…

11 Nov 2019 1AM 5 min

Is Transet on the right track?

Transnet believes it’s on the right track. The state owned rail and ports utility says that it's addressed some of the concerns which were recently raised by Moody's. The ratings agency lowered its outlook for the company to negative citing worries about expenditure plans and the impact this would have…

11 Nov 2019 1AM 6 min

How Vodacom is adapting to the current trading environment

Vodacom has bounced back from the once-off hit related to its BEE transaction largely supported by the group's international portfolio where revenue grew nearly 16% offsetting a decline in revenue generated from its domestic market. The group plans to expand M-Pesa internationally along with its Financial Services and Digital Lifestyle…

11 Nov 2019 1AM 7 min

Business confidence languishes as SA faces difficult fiscal position

Business morale has plateaued according to the South African Chamber of Commerce and Industry. The body's BCI fell to 91.7 points in October mainly driven by lower imports and exports, rand depreciation and load-shedding. Business Day TV spoke to Richard Downing from Sacci for more detail.

8 Nov 2019 1AM 6 min

Richard Branson on global investment shifts

Richard Branson's Virgin Atlantic hosted an event under the banner 'Business is an adventure' in partnership with Investec today - and, looking at the shifts we're seeing globally on the political and economic fronts, I caught up with Richard and started off by asking him how he's navigating the turbulent…

7 Nov 2019 1AM 10 min

Dis-Chem outlines expansion strategy

Dis-Chem's reported a 39% plunge in half-year earnings, partly due to strike-related costs. The pharmacy group says this is the last set of results that will be impacted by the industrial action, and that it is now focused on gaining market share. CFO Rui Morais spoke to Business Day TV…

7 Nov 2019 1AM 6 min

Is a downgrade to junk inevitable for SA?

Moody's has revised South Africa's outlook to negative from stable while affirming the country's rating level at Baa3. The move cheered the market with an initial rally in the rand but looking at the detail of the Moody's report it shows that a lot of work lies ahead for South…

6 Nov 2019 1AM 7 min

The investment case for food delivery app businesses

According to a report by Allied Market Research - the global food delivery market is expected to grow by over $16 billion by 2023. And back here at home we've had Naspers' subsidiary Prosus fight for its share of the pie as it made a bid for British online food…

6 Nov 2019 1AM 5 min

Brics bank pledges loans worth R23bn

Day two of President Cyril Ramaphosa's investment summit has wrapped up and thus far, nearly R55 billion in investment pledges have been made. The Brics Bank has pledged to loan R23 billion to projects in specified sectors. Director General of the bank, Monale Ratsoma joined Business Day TV to discuss…

6 Nov 2019 1AM 7 min