Business News Leaders

Emira’s turnaround strategy boosts H1 performance

Well Emira Property Fund's turnaround strategy has continued to assist the group deliver solid results. That's as distributions for the first half increased by 3.1% year-on-year, despite challenging local conditions. We're now joined by CEO, Geoff Jennett to discuss where things are at…

13 Feb 2019 1AM 5 min

Power outages lower DRDGold’s H1 output

Miner, DRDGold released its interim results today reporting a headline loss of over R46 million, operating profit plunged by 54% while revenue remained flat at R1.25 billion. Gold production fell by 3% while reserves shot up by 83% with the company upping its full-year output target to between 157 and…

13 Feb 2019 1AM 7 min

CURRO rewards patient investors, declares maiden dividend

Private education group, Curro released its full-year results today boasting a 23% jump in headline earnings from continuing operations while revenue grew 19%, this boosted by an increase in learner numbers of 12% during the period. The company has declared a maiden dividend of 12 cents and CEO, Andries Greyling…

13 Feb 2019 1AM 7 min

SA's unemployment rate falls to 27.1% in Q4

The fourth quarter unemployment rate sits at 27.1%, still high but a marginal improvement from 27.5%. Meanwhile youth aged between 15-34 who are not in employment, education or training increased by 0.5 of a percentage point to 38.9%. Now last year, President Ramaphosa launched the Youth Employment Services program to…

12 Feb 2019 6AM 7 min

Market Wrap- Stock Pick - Discovery Ltd:

Devin Schutte from The Robert Group chose Discovery Ltd one that he has chosen previously, Discovery is a very placed company at the moment. We are all aware of their shared value model, healthcare, life insurance and the short term insurance. The launch of the bank happens next month and…

12 Feb 2019 6AM 14 min

Accounting entries hammer Harmony’s H1 profit

Miner, Harmony Gold released its interim results today reporting a 94% plunge in headline earnings per share, WHILE net profit tumbled 91%. the declines are largely attributed to the writing off of money spent on Hidden Valley which is in commercial production. But the inclusion of this mine along with…

12 Feb 2019 6AM 7 min

Passive Investing Movement gained steam in 2018 - Morningstar

According to Morningstar, investment passive U.S equity funds could soon overtake their active peers. So for more detail on the latest investing innovations and where passive investing fits into the South African landscape we're now joined by S&P Dow Jones Indices CEO, Alex Matturri.

11 Feb 2019 1AM 4 min

Eskom remains major risk to SA finances - Moody’s

Ratings agency, Moody's has criticised President Ramaphosa's State of the Nation Address for its lack of concrete policy steps and further pointed out that plans to unbundle Eskom into three entities will do very little for the utility's financial challenges. We spoke to Lucie Villa, Lead Sovereign Analyst for South…

11 Feb 2019 1AM 8 min

Total’s offshore find could bring R1TRN to SA’s economy

Multinational energy player, Total's significant gas condensate discovery made just off the coast of the country could generate R1 trillion for the economy over the next 20-years - This according to Stephen Larkin, CEO of Africa New Energies, he joins us to discuss this prospect and what it could mean…

11 Feb 2019 1AM 7 min

Eurolux weighs on ARB's H1 performance

The slower economy hit electrical group ARB Holdings in its interims to December. Revenue was lower by 1%, getting some support from acquisitions, but operating profit was lower by 15% with HEPS dropping sharply to 23.17 cents. Joining us on the line is CEO Billy Neasham.

8 Feb 2019 1AM 5 min

How big are banks risk appetite when funding mining companies

Well we're continuing to bring you conversations had at this years mining indaba Alishia caught up with Theuns Ehlers who is the Managing Principal and Head of Resource and Project Finance at Absa, on that end earlier this week, and I asked him about the extent to which the renewed…

7 Feb 2019 6AM 5 min

Will mining charter 3 deliver critical investment into the mining sector?

Mining Indaba is underway and we catch up with Peter Leon who is Co-Chair and Partner at Herbert Smith Freehills. Conversations are still being had around policies and regulation and how that continues to impact investment and growth within the mining community.

7 Feb 2019 6AM 6 min

Mining charter provides solid regulatory framework for industry

South Africa does have a stable regulatory framework and is in fact conducive for business and investment in the country. Joining Alishia at the Mining Indaba for her views is Shirley Webber, Managing Principal and Coverage Head of Resources at Absa.

7 Feb 2019 3AM 7 min

SA Business confidence flat in January - SACCI

Barely any change in confidence levels among South African businesses in January, this according to Sacci's Business Confidence Index which eased marginally from 95.2 in December to 95.1, lower than the average for last year. The organisation however does add that the upcoming national budget presents an opportunity to change…

6 Feb 2019 3AM 2 min

Investing in African Mining Indaba - Day 3

It's the third day of the 2019 Mining Indaba, at the sidelines of the event, Alishia caught up with Mining Analyst, Peter Major about the conversations still being had around policy and how that continues to impact investment and growth. Alishia asked Peter to reflect on Minister Mantashe's keynote address…

6 Feb 2019 3AM 7 min

SAPPI reports 29% jump in profit in Q1

Pulp and paper maker Sappi, has reported its first quarter results today. Delivering a 26% jump in profit to 81 billion dollars. The group further said that the resilience of the business and the benefits from the diversification of its product portfolio in recent years were emphasised during the quarter…

6 Feb 2019 3AM 4 min

Parts of SA's mining industry in distress, not in crisis

Over the past year the relationship between government and the mining industry strengthened and although there are talks of renewed optimism, it still remains a sector that is in distress. Alishia caught up with Roger Baxter, CEO of the Minerals Council SA on the sidelines of the Indaba and asked…

5 Feb 2019 1AM 9 min

Day 2 of Mining Indaba underway

This year the Mining Indaba takes place under the main theme, "Championing Africa's sustainable economic growth" and while on the subject of sustainable growth, miner DRDGold has undertaken to hedge a third of its output this year as it embarks on expansion plans and with a R300 million loan already…

5 Feb 2019 1AM 12 min

Mining Indaba 2019 kicks off

The mining Indaba kicked off today and Bronwyn caught up with its MD, Alex Grose for more insight on the conference.

4 Feb 2019 1AM 5 min

Mining Indaba 2019 - SA Mining too much of a slog?

Neal Froneman, CEO of Sibanye-Stillwater spoke with Alishia Seckam to discuss the main theme at the Indaba.

4 Feb 2019 1AM 7 min