Business News Leaders

Transaction Capital's minibus taxi business boosts interim profits

About 69% of South African households use minibus taxis and because of this Transaction Capital has managed to extend its track record of delivering double digit growth. Interim earnings jumped 17% largely driven by strong growth in the company's SA Taxi business. The company expects further robust organic earnings and…

15 May 2019 2AM 7 min

How SA's parliament works

ANC stalwart Ben Turok believes that now that the national election is done and dusted we need to now promote an understanding of how parliament really works and how the ruling party, the African National Congress, has managed it since 1994. Business Day TV spoke to Turok for more detail…

14 May 2019 2AM 6 min

Calgro M3 says illegal land invasions dented their profits

Calgro M3 has taken a whack this past year, with net profit falling 98.9% over the period to R1.2 million. The group says its been hit by several operational challenges and transactions, coupled with changes in accounting standards as well as illegal land invasions - triggering a headline loss per…

13 May 2019 2AM 6 min

Netcare warns of a cloudy outlook for healthcare

Netcare's warned that South Africa's healthcare sector remains challenging due to a weak economy. Bronwyn Seaborne sat down with Richard Friedland to discuss the plans in place within a very challenging operating environment, where the company's reported a tepid 2.4% rise in interim underlying adjusted headline earnings per share…

13 May 2019 2AM 6 min

Vodacom’s full year net profit inches lower

Mobile giant, Vodacom's reported a 4.3% rise in annual revenue but for the first time in four years the company's registered a decline in net profit. That's as a fall in data prices and the costs associated with the group's new BEE ownership deal weighed. Vodacom CEO Shameel Joosub spoke…

13 May 2019 2AM 6 min

Astral slashes interim dividend as earnings fall

Astral's reported a 52% plunge in interim earnings, as the poultry producer battled higher costs and lower selling prices. The company expects feed prices to increase over the remainder of the financial period and company CEO, Chris Schutte spoke to Business Day TV about what this means for Astral's earnings…

13 May 2019 2AM 7 min

ANC maintains the lead but their support ebbs

The ANC has maintained a commanding lead in South Africa's parliamentary election, followed by the DA, while the EFF has managed to take up the third spot. Senior Lecturer at the Wits School of Economics & Business Science, Lumkile Mondi joins Business Day TV for his analysis of what is…

10 May 2019 2AM 6 min

Redefine ups interim distribution

Redefine Properties raised its interim distribution to investors by 4% to 49.19c per share. Distributable income in the six months to end-February grew 4.8% to R2.7bn, versus 8.6% a year before. The real estate investment trust (Reit) — which invests in South Africa, Poland, the UK and Australia — said…

6 May 2019 2AM 7 min

What business hopes for SA following the national elections

Wednesday’s election is being touted as the most contested since 1994. Polls conducted in the lead up to the election show that the ANC is likely to win majority but the research has shown diverging results on the degree of voter support for the ANC and this has led to…

6 May 2019 2AM 7 min

What a coalition government would mean for SA

Experts believe that next week's election could be a turning point in South African politics given that a coalition government is possible. But what would that scenario mean for the country and the economy? Wits University’s head of political studies Daryl Glaser joined Business Day TV for a closer look…

3 May 2019 2AM 7 min

Absence of load-shedding brightens outlook for business

Activity in South Africa's manufacturing sector has picked up for the first time in 3 months. The seasonally adjusted Absa Purchasing Managers Index has come in 2.2 index points higher at 47.2 in April. The up tick is due to an improvement in sentiment as worries about power cuts eased…

2 May 2019 3AM 6 min

Election 2019: The science behind polling

The dominant election polls run by Ipsos and the IRR both signal a drop in support for the ANC and DA when the votes are counted post next week's election. The IRR has put specific focus on coalition governments being the order of the day while Ipsos suggests that the…

2 May 2019 3AM 6 min

How will the national election influence markets?

We are less than a week away from the national elections and analysts predicts that if we do see the return of Ramaphoria as a result of a strong ANC win then South African assets are set for a rally, but if this isn't the scenario that plays out what…

2 May 2019 3AM 5 min

Mashaba focuses on JHB CBD revival in his 3rd state of the city address

Mayor of the City of Johannesburg Herman Mashaba delivered his third state of the city address today with a key focus on rejuvenating the inner city with a R20bn investment. The mayor is also negotiating a private electricity deal for the city to help deal with Eskom's electricity crisis but…

30 Apr 2019 2AM 7 min

Support for ANC slumps ahead of vote according to IRR poll

According to the IRR's latest election poll, the ANC's national majority hangs in the balance while support for the EFF is set to grow. Head of Politics & Governance at the Institute of Race Relations Gareth van Onselen spoke to Business Day TV about the findings of the poll and…

30 Apr 2019 2AM 6 min

Small political parties gear up for next week's national elections

The 2019 national election is just over a week away with a record 48 parties on the ballot, 19 of which are new. No stranger to politics, Patricia de Lille is back leading her Good party which Ipsos predicts will garner 1% of the national vote. She spoke to Business…

29 Apr 2019 2AM 10 min

What does the rise of smaller parties mean for SA's upcoming elections?

South Africans will be heading to the polls next week in what is said to be the most competitive election with a record 48 parties contesting the vote . Among the parties is break-away formations from the two major parties, the ANC and DA that with Makhosi Khoza ditching the…

29 Apr 2019 2AM 5 min

SA banks compete to win customers

It may not be significant to them now in terms of numbers, but the big banks are increasing their efforts to retain their consumer customers, with the arrival of the new digi banks. Investment analyst at Mergence Nolwandle Mthombeni joins Business Day TV to talk about the future of banking…

26 Apr 2019 2AM 6 min

Sasria confident of meeting claims despite rising service delivery protests

South Africa’s sole special risks insurance service provider is confident it is more than adequately capitalised to meet rising service delivery related and all other claims, says Cedric Masondo, Managing Director of Sasria. Sasria is a state-owned insurer established 40 years ago to protect organisations, businesses, municipalities and individuals from…

26 Apr 2019 2AM 6 min

Oil touches $75 a barrel for first time in 2019

Oil rose above the $75 per barrel mark for the first time this year. This comes as quality concerns forced the suspension of some Russian crude exports to Europe, while the US prepares to tighten sanctions on Iran. Warwick Business School’s Ivan Petrella joined Business Day TV to discuss the…

25 Apr 2019 3AM 4 min