Business News Leaders

Sibanye eyes return to dividends in 2020

Diversified miner, Sibanye-Stillwater has reported a headline loss per share of 54 cents. That's as a five month strike in the gold sector weighed. But the miner is hoping for a more positive performance in the second half and has hinte dthat it could return to paying dividends in 2020…

29 Aug 2019 2AM 7 min

How Tito plans to save SA's economy

Finance Minister, Tito Mboweni's release of the economic policy paper for public comment is about politics - the last minute decision to release the document hints at internal disagreements. Business Day's Editor, Lukanyo Mnyanda shared his reading of Mboweni's surprise move and Duncan Pieterse, who was part of the team…

28 Aug 2019 2AM 8 min

BidCorp's UK business boosts profits

Food-services group Bidcorp delivered solid full year results today, with continuing headline earnings per share coming in stronger, up 12.5%. This was boosted by a positive trading performance in its developed markets, particularly the UK where revenue increased by close to 11% and trading profit rose by just over 20%…

28 Aug 2019 2AM 4 min

Murray & Roberts' order book jumps to R46.8bn

Murray and Roberts has released its full year numbers today, posting a 7% decline in revenue from continuing operations - its Oil & Gas along with the Power and Water Platforms also registered declines. The Underground Mining Platform however delivered record earnings. Company's CEO, Henry Laas joins us for a…

28 Aug 2019 2AM 7 min

Imperial Logistics expects better year ahead after profits fall

Imperial Logistics has reported a slump in profit after tax from continuing operations to R90m in the year to end-June. This was largely due to impairments, which offset a 2% increase in revenue from continuing operations. The company however believes that earnings should improve in the year to June 2020…

27 Aug 2019 2AM 7 min

Process to remove Mkhwebane​from office gets the greenlight

Public Protector, Busisiwe Mkhwebane's days in office could be numbered. Parliament's Justice Committee has given the go-ahead to begin the process for her removal. The rules committee will begin drafting the process of removing a Chapter 9 institution head as its never been done before. Lawson Naidoo from the Council…

27 Aug 2019 2AM 6 min

Stadio outlines plans for Multiversity

Stadio is gaining more traction in the tertiary education market. The acquisition of Prestige Academy along with growth in student numbers has helped boost the private education group's interim earnings and as a result revenue grew 38% but despite this, a dividend will not be paid as the group focuses…

26 Aug 2019 2AM 7 min

Super Group delivers strong full-year results

Super Group's commodities business has continued to give the company a boost. That's as annual revenue came in 6.2% higher which further translated into a 12.5% jump in headline earnings per share to just over 360 cents. Super Group's CEO, Peter Mountford gave some perspective on the numbers to Business…

26 Aug 2019 2AM 5 min

Sars warns that SA could be on the brink of a tax revolt

The tax Indaba kicked off today with a broad focus on tax policy, rejuvenating government and the economy. Addressing the Indaba, Sars Commissioner, Edward Kieswetter has warned that the country could be on the brink of a tax revolt adding that if Sars fails, democracy ultimately fails. He joined Business…

26 Aug 2019 2AM 8 min

Northam Platinum reports record annual operating profit

Northam Platinum has delivered a solid annual performance which was underpinned by a surge in metal prices, improved performance and low costs. The miner reported a 41% jump in revenue while operating profit trippled, hitting a record high of R2.4billion. Joining Business Day TV for some analysis on the numbers…

23 Aug 2019 2AM 7 min

What is business doing to ensure gender parity?

According to a report by the 30% Club Southern Africa chapter, just 10% of 267 JSE-listed companies analysed have achieved gender parity on their boards. In the meantime we've also had two female CEO's step down this year, and this has further highlighted the limited amount of South African women…

23 Aug 2019 2AM 7 min

Italtile declares special dividend thanks to excess cash

Italtile has weathered a tough retail environment and deliver another consecutive year of growth, with trading profit coming in 18% higher - boosting net cash on its books - and seeing the group declare an additional dividend of 50 cents per share. Joining Business Day TV for some detail on…

22 Aug 2019 2AM 7 min

Rating Ramaphosa's measures on unemployment, growth

South Africa's expanded definition of unemployment sits at a record high of 38.5% and is the biggest risk facing the country at the moment says President Ramaphosa as he faced questions in parliament around tackling that crisis level and boosting growth, highlighting that interventions are in place, with the next…

22 Aug 2019 2AM 7 min

Asset sales allow Exxaro to declare special dividend

Diversified miner, Exxaro reported a 42% jump in interim headline earnings per share and this despite coal and other commodity pricing declining sharply over the period - majority of its coal operations still reporting profitability but bulk of the lifting coming in from the miner's equity investments and asset sales…

22 Aug 2019 2AM 8 min

Inflation eases to 4% in July

Inflation has cooled to 4% in July, this being below the midpoint of the Sarb's target range of between 3 to 6%. Joining Business Day TV to discuss whether the latest print puts pressure on the Sarb to cut rates yet again, as the global easing cycle continues to gain…

21 Aug 2019 2AM 4 min

Inflation falls below market expectations in July

Despite the implementation of Eskom's Nersa approved average price increase of 15.63% for municipalities, inflation continued to drop to 4% in July. Business Day TV sat down with Senior Economist at NKC African Economics Elize Kruger to talk about the print in greater detail and what it potentially means as…

21 Aug 2019 2AM 7 min

Sasol tanks as Lake Charles woes pile up amid market backlash

Integrated energy and chemicals company, Sasol stands accused of having shared price-sensitive information with certain investors relating to cost overruns and startup delays at its Lake Charles chemical plant in the US - a claim which the company denies. Patrice Rassou, Head of Equities at Sanlam Investment Management talks to…

21 Aug 2019 2AM 7 min

Carbon tax batters Harmony Gold

Harmony Gold's investment in Moab Khotsong and Hidden Valley is paying off. Strong contributions from these mines along with lower impairments have resulted in a narrower annual loss with the Carbon Tax stealing some of that shine.Revenue however jumped by 32% and headline earnings grew 19%. The miner is looking…

20 Aug 2019 2AM 7 min

Shoprite weathers a testing year

Retailer, Shoprite's local supermarket division performed well during its full-year but not enough to offset losses in its rest-of-Africa operations. The group reported a near 20% fall in basic headline earnings per share as its international supermarkets division reported a trading loss of R265 million. The group has warned that…

20 Aug 2019 2AM 6 min

NHI not a deathblow to medical aid schemes - Discovery

Financial services group, Discovery's valuation has fallen partially due to concerns around the impact of the NHI Bill on private healthcare providers - and while the company supports the bill and doesn't believe that it means the death its industry, it does warn that the restrictions it places on medical…

19 Aug 2019 2AM 9 min