Business Day TV Business News Leaders

Business News Leaders

Interviews with top CEOs and leaders shaping today's news stories alongside all the latest news that is impacting the markets, business and investments around the world.

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Daily English South Africa Business · Business News
3,907 Episodes
3112 – 3132

Capital raising in Africa dips due to fewer domestic listings

Capital raised by African issuers declined by 28% year-on-year to $341m in the first-half of 2019. The decline is attributed to the 80% drop in domestic capital raising in Africa - standing at only $85m from four Initial Public Offerings (IPOs). This is according to Baker McKenzie’s latest Cross-Border IPO…
21 Jun 2019 3AM 7 min

Peregrine writes down investment in Java Capital as deals dry up

Peregrine Holdings has written down the value of its investment in Java Capital by R100m as the corporate advisory house grapples with a slowdown in deal-flows in SA. Java Capital’s attributable earnings in the year to end-March fell 60% to R15m because of “significantly reduced deal-flow in both the general…
20 Jun 2019 3AM 8 min

Why Litecoin is the hottest cryptocurrency at the moment

While up until recently the buzz has been all about Bitcoin there's now a new kid on the block. Litecoin is up about 340% so far this year which gives it a market value of about $8.3bn. The digital currency has grown at a rate which is more than double…
19 Jun 2019 2AM 7 min

Inflation accelerates slightly in May

Inflation accelerated slightly to 4.5% in May. Measured by the annual change in the consumer price index (CPI), inflation accelerated from April’s 4.4% — but remained at the midpoint of the Reserve Bank’s 3%-6% target band. While petrol prices continued to rise in May by 54c/l, subdued food price growth…
19 Jun 2019 2AM 7 min

What to expect from #SONA2019

President Cyril Ramaphosa will deliver his state of the nation address (Sona) on Thursday against a downbeat economic backdrop where business, market participants and ratings agencies will be tuned in for details about the head of state's plan for Eskom and SAA. To preview what Ramaphosa is likely to present…
19 Jun 2019 2AM 8 min

Alexander Forbes annual earnings edge lower

Financial Services Group, Alexander Forbes' annual earnings edged 1% lower as the company's savings and retirement divisions missed expectations and while the group addresses this short coming, its forging ahead with plans to exit its insurance business as part of its revised turnaround strategy. Alexander Forbes CEO Dawie de Villiers…
18 Jun 2019 2AM 7 min

Multichoice swings to loss in first set of full-year results

Following its unbundling from Naspers, Multichoice has released its maiden results reporting a headline loss due to foreign exchange losses, as well as the firm's decision in March to give additional equity to black investors at no cost. Revenue ticked up 6% as subscribers numbers grew 12%. Multichoice CEO Calvo…
18 Jun 2019 2AM 7 min

What is the investment case for emerging markets?

According to Cannon Asset Managers the past decade has demonstrated that emerging markets offer economic growth, while developed markets offer earnings growth. Chief executive at Cannon Asset Managers Adrian Saville joined Business Day TV to unpack this in more detail.
14 Jun 2019 3AM 6 min

SA business confidence stuck at a 2 year low

Business confidence is stuck at a two-year low. The RMB/ BER Business Confidence Index has flatlined at 28 points during the second quarter. Building, retail and wholesale trade businesses registered an improvement in sentiment while the confidence of manufacturers' and motor trade companies dimmed. To find out if the index…
13 Jun 2019 2AM 7 min

Where to from here for SA's gold miners?

Gold production in April fell by almost 19.7% year-on-year, data from Stats SA showed on Thursday. The sector has been hard hit in recent months by strikes at gold mines led by the Association of Mineworkers and Construction Union (Amcu). Business Day TV sat down with Cobus Loots the CEO…
13 Jun 2019 2AM 5 min

Mining sector contracts for sixth consecutive month

Mining production contracted 1.5% year-on-year in April, extending the sector’s fall to a sixth consecutive month. Although this outcome spells a weak start to mining production for the second quarter, an improvement is expected to be seen in May and June, said FNB economist Matlhodi Matsei. Factors likely to support…
13 Jun 2019 2AM 6 min

Altron's turnaround gathers pace

Altron's CEO Mteto Nyati says that the group's turnaround is complete. Once a JSE top-40 stalwart, Altron lost favour with investors after a series of strategy blunders. Managerial missteps under founder Bill Venter’s heirs, Robbie and Craig, eventually drove Altron, and its one-time listed subsidiary Altech, from the JSE’s blue-chip…
12 Jun 2019 2AM 6 min

NUMSA, SACCA rally behind SAA's former CEO Vuyani Jarana

The National Union of Metalworkers of South Africa (Numsa) and the South African Cabin Crew Association (SACCA) wants outgoing SAA CEO Vuyani Jarana reinstated. The unions have also demanded that members of SAA's board be removed. Business Day TV spoke to Numsa's Phakamile Hlubi-Majola for a closer look at the…
11 Jun 2019 2AM 5 min

Factory activity surges in April

Factory activity rose the most in almost three years as the worst load-shedding the country has seen abated. Manufacturing production grew 4.6% in April, after the sector saw growth of 1.3% in March. The biggest growth drivers in the sector were a 9.4% rise in basic iron and steel, nonferrous…
11 Jun 2019 2AM 7 min

Capital Appreciation takes profit hit as it invests for future growth

Fintech group, Capital Appreciation released its annual numbers on Monday, delivering a near 20% rise in revenue to just over R607 million and a 12.6% fall in headline earnings per share. The group said earnings were partly hit by investments made in anticipation of growth in commercial activity. Business Day…
10 Jun 2019 2AM 5 min

A2X listings grow to 21

NEPI Rockcastle has been approved for a secondary listing on A2X Markets and it's shares will be available for trade on the exchange from Tuesday, 18 June 2019. Speaking on the listing, A2X CEO Kevin Brady said, “We welcome NEPI Rockcastle onto the A2X platform. As a leading international property…
10 Jun 2019 2AM 4 min

Can SAA return to profitability?

South Africa Airways (SAA) has appointed its head of operations as acting chief executive. Zukisa Ramasia takes over from Vuyani Jarana who unexpectedly resigned last week, after less than two years in the job, saying his turnaround strategy for the loss-making airline was being undermined by a lack of state…
10 Jun 2019 2AM 7 min

SA attends the 108th session of the International Labour Conference

The 108th session of the International Labour Conference is underway in Geneva where delegates from around the globe meet to find solutions to future challenges in the world of work. President Cyril Ramaphosa is leading the South African delegation. He was appointed in 2018 as the co-chair of the ILO’s…
10 Jun 2019 2AM 7 min
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