Business News Leaders

Balwin Properties delivers 19% rise in revenue

Balwin Properties has reported a 19% jump in interim revenue while headline earnings per share ticked up 5%. The group has however had to adapt its sales offering to include more one and two-bedroom apartments and increase advertising in order to withstand the tough economic climate. The group's CEO Steve…

21 Oct 2019 2AM 6 min

Calgro M3 swings into the red

Calgro M3 has slipped into the red. For the half-year, the property company has recorded a headline loss of R4.1 million. That's as the group slowed down development activity amid South Africa's unstable political and economic environment. Business Day TV spoke to CEO Wikus Lategan about the strategy shifts the…

21 Oct 2019 2AM 6 min

Is there a future for coal mining in SA?

Nedbank, Standard Bank and FirstRand are the canaries in our coal mines - having announced that they will not be funding any new coal-related projects and similarly, a number of mining companies have sold or are selling their coal assets as main export markets reduce their reliance on coal due…

21 Oct 2019 2AM 8 min

Mantashe unveils SA's energy blueprint

The government has unveiled its new long-term energy master plan, an overarching blueprint for South Africa's future electricity generation... Minerals Resources and Energy Minister Gwede Mantashe states that the approval of the Integrated Resource Plan has brought much-needed certainty to a critical area of the economy. Business Day TV unpacked…

18 Oct 2019 2AM 6 min

Tracking wealth trends on the continent

Absa 18th Champagne Festival is underway and the bank used the opportunity to discuss wealth trends with Business Day TV's Bronwyn Seaborne.

17 Oct 2019 2AM 8 min

Growthpoint sets its sights on Capital & Regional

Growthpoint has made its bid for a majority stake in Capital & Regional. The groups set to pay 33 pence per share to acquire just over 30% of the British shopping centre owner. Growthpoint will also subscribe to buy 311 million new Capital & Regional shares, and this will push…

17 Oct 2019 2AM 6 min

How is the international investor community perceiving South Africa?

The annual meetings of the boards of Governors of the World Bank and IMF is underway in Washington where industry leaders are discussing issues of global concern. Uncertainty has been a major theme with regards to Brexit and the US China trade war and while a Brexit deal was struck…

17 Oct 2019 2AM 7 min

The evolution of the global retail industry

Retail sales rose just over 1% year-on-year in August and is down nearly 1% on a month-on-month basis. The largest annual growth rates were recorded for sales in household furniture, appliances and equipment. The release of the data coincides with the 23rd South African Council of Shopping Centre's Annual Congress…

16 Oct 2019 2AM 6 min

RBPlat inks R2.1bn gold streaming deal with Triple Flag

Delivering gold will strengthen Royal Bafokeng Platinum's balance sheet and free up cash. The miner will deliver 70% of its gold production to US investment firm Triple Flag, in a deal worth R2.1 billion. This will be enough to settle its debt with Amplats. Company's CFO, Hanré Rossouw joins Business…

16 Oct 2019 2AM 6 min

Brexit, trade spat fuel global slowdown fears

Geopolitical issues like the trade war and Brexit continue to spur global growth fears, and while we have had optimism filter through from both fronts over the past few days, with somewhat of a positive rhetoric on the trade truce and the possibility of the Brexit deal being reached pretty…

16 Oct 2019 2AM 5 min

Medium-term budget preview

We're two weeks away from the presentation of the medium-term budget policy statement - and it's sure to be closely watched by South Africans, investors and ratings agencies. Joining Business Day TV to discuss some of the expectations for that all in important announcement is Reezwana Sumad, Research Analyst at…

16 Oct 2019 2AM 7 min

Battered EOH determined to cut debt

Technology group, EOH's annual loss has widened as it makes progress on cleaning up the business from a governance and structural perspective. The forensic report by ENS Africa which previously flagged suspicious transactions of R1.2 billion at the company has been modified to R935 million. And EOH has blacklisted and…

15 Oct 2019 2AM 8 min

Why Long4Life withheld its interim dividend

A tough trading environment has been weighing on Long4Life over the past six months. It has reported a 9% earnings drop. But despite, expecting to experience similar challenges in the full year - it says it is eyeing increased market share and earnings growth. Business Day TV touched base with…

14 Oct 2019 2AM 4 min

Grade 9 exit plan: a good idea for the SA's economy?

Since Basic Education Minister Angie Motshekga announced plans to introduce grade nine as one of the formal school exiting points - the idea has been bandied about and while it looks like it may present private education players with a business opportunity, the Minister has argued that it will assist…

14 Oct 2019 2AM 15 min

Adapt IT plans to reduce debt levels

Software company, Adapt IT is targeting reduced debt - that's with after its net gearing ratio having hit 65%. As a result it's witheld its final dividend and joining Business Day TV with some insight on the company's plans going forward is CEO, Sbu Shabalala.

14 Oct 2019 2AM 5 min

Zeder investors could be in for a windfall

Zeder shareholders could be in for a windfall, that's as the company could return up to 4.7 billion rands to its shareholders following the disposal of its stake in Pioneer Foods. The group said that the cash from the transaction will also go towards new acquisitions. Zeder CEO Normal Celliers…

11 Oct 2019 2AM 7 min

Eskom annual report: light at the end of the tunnel?

Eskom has briefed parliament on its annual report and while the absence of load shedding is an indication of the utility's nine-point recovery programme bearing some fruit, it has come to light that the entity's poor financial standing is impacting on efforts to turn the ailing state owned entity around…

10 Oct 2019 2AM 8 min

Equites upbeat about prospects as retailers pursue e-commerce

The JSE's only logistics specialist Equites has reported a 9.3% rise in its interim distribution per share to just over 75 cents - largely driven by strong like-for-like rental growth of 7.3% as well as healthy margins from new developments. And for the full year period the group's eyeing a…

10 Oct 2019 2AM 7 min

China Mobile in talks to buy Cell C, says report

China Mobile has its sights set on financially embattled, Cell C. That's according to a report from IT Web which has suggested that the two are in negotiations, with a deal being imminent. Alastair Jones from New Street Research spoke to Business Day TV for more detail.

9 Oct 2019 2AM 4 min

World Bank cuts Sub-Saharan Africa's growth forecasts

Global uncertainty and the slow pace of domestic reform is weighing on the continent's growth potential. This according to the World Bank's twentieth Africa Pulse report which projects that Africa's growth will rise a percentage point to 2.6% for this year, this is however lower than what the organisation had…

9 Oct 2019 2AM 8 min