Business News Leaders

Emira's FY distributions were up 2.53%

Emira Property Fund's distributions for the year has increased by 2.53% year-on-year, despite persistently tough trading conditions. The company says the performance reaffirms the company's turnaround and return to positive dividend growth.... With its rebalancing and reinvestment strategies firmly in place CEO, Geoff Jennett joined Business Day TV in studio…

15 Aug 2018 4AM 6 min

DMR unhappy about mines not following processes on job cuts

Following job cuts announcements by miners Impala Platinum and Gold Fields, the Department of Mineral Resources says that it has noticed a a worrying trend with mining companies ignoring due processes and only briefing the department as a mere formality which leaves no room for meaningful engagement. Director General of…

15 Aug 2018 4AM 8 min

June retail sales raises red flag about recessionary risk

Retail sales rose a tepid 0.7% year-on-year in June after increasing by 1.9% in May, raising red flags about a technical recession in the second quarter. On a month-on-month basis, sales fell 1.2%. Economists largely expected retail sales to increase by 2.2% meanwhile, Reserve Bank Governor, Lesetja Kganyago has highlighted…

15 Aug 2018 4AM 8 min

VAT panel's recommendations to cost fiscus R4bn in tax revenue

The VAT panel which Treasury set up to look into ways of softening the impact of the first in VAT hike in 25-years has recommended that the following items should be in the zero-rated items basket namely, white bread, bread flour and cake flour, sanitary products, nappies for babies and…

13 Aug 2018 2PM 8 min

Ramaphosa's stimulus plan to cost R43bn

Our economy is on the brink of a recession. President Ramaphosa hopes to stimulate the economy with a stimulus plan of about R43 billion which will come from existing budgetary resources and new investments. This plan is set to inform Finance Minister Nhlanhla Nene's mid-term budget policy statement in October…

13 Aug 2018 2PM 6 min

Shedding light on Pink Tax

Research shows that the pink tax is alive and well in New York and California. But the jury is still out on whether South African women pay more for their goods and services than their male counterparts. My guest will explore the pink tax - she is Happy Ngale, a…

10 Aug 2018 8AM 7 min

Implats to cut over 13K jobs

Impala Platinum has announced major restructuring. The miner has slashed its future production and may consider selling some of the shafts - it plans to close - if buyers can be found. The move comes as the company grapples with rising costs and weak platinum prices and will result in…

2 Aug 2018 12PM 7 min

Liberty H1 profit up as turnaround strategy gains ground

Liberty's turnaround strategy seems to be gaining momentum. Over the half year period we've seen profit rise 6%… Operating earnings - grow 18%, so moving in the right direction but Diluted HEPS still down 1% . And with that, shareholders are in for a third year of no growth in…

2 Aug 2018 12PM 5 min

JSE H1 evenue up 7%

The JSE has released its interim numbers, increased activity in all markets led to an increase in operating revenue of 7%, headline earnings per share increased by just over 12%, earnings after tax is up 34% due to the company's focus on cost control measures. The JSE is largely a…

2 Aug 2018 12PM 7 min

Ramaphosa's land shock unravels rand's recovery

President Ramaphosa's announcement on government's land reform plan has had local markets in a frenzy. The ANC has decided to amend the constitution which will allow for more clarity on land expropriation without compensation. And while this is Technically, nothing new - the rand took a knock. It has managed…

1 Aug 2018 12PM 5 min

ANC seeks to amend section 25 of Constitution

On Tuesday night, President Cyril Ramaphosa announced that the ruling party will amend the Constitution to allow for land expropriation without compensation even though the public hearings on the matter only drew to a close today. The proposed amendment is aimed at more clearly laying out the conditions under which…

1 Aug 2018 12PM 7 min

ConCourt ruling deals blow to labour brokers

Last week the Constitutional Court handed down a judgement that will have far-reaching effects on the country's labour industry regarding temporary employment services. Workers who have been placed by labour brokers will automatically become employees after three months in a sole employment relationship. Labour broking firm, Adcorp's share price fell…

31 Jul 2018 12PM 5 min

SA Q2 unemployment rate worsens

The country's unemployment rate increased by 0.5% in the second quarter to reach a near 15-year high of 27.2%. Youth unemployment accounting for those between the ages of 15 and 34 sits at 38.8%, while the young graduate unemployment rate sits at 11.9%. In response to the youth unemployment scourge,…

31 Jul 2018 12PM 8 min

Eskom secures $2.5bn loan from China

Eskom produced an impressive loss for the year to March. It totaled R2.3 billion for the group and led the auditors to qualify on going concern problems. But then it was announced that the China Development Bank would loan Eskom 2.5billion dollars. So, what does this mean for Eskom's future…

27 Jul 2018 12PM 7 min

BRICS nations pledge unity against US tariff threat

The BRICS Summit in Sandton this week showed a glory pic of five men holding hands and smiling broadly. Patrick Bond Political Economy lecturer at Wits University joined Business Day TV to discuss what the BRICS men might have achieved and how their power could affect the world order.

27 Jul 2018 12PM 8 min

Simon Brown on Friday romp for Sasfin Securities' with David Shapiro

The sun's shining, Jacob's in the dock, we've sold ourselves down the river - all's right with the world! So knock back that triple tipple and salute the weekend! This is the week that was, join Giulietta Talevi her co host Simon Brown and joining them for their Friday romp…

27 Jul 2018 12PM 23 min

Anglo American ready to go ahead with Quellaveco copper mine

Anglo American's taking a new bet on Peru - announcing a $5bn copper mine build in the country. And while this may set it apart from rivals who are choosing to reward shareholders with cash - now - instead, the jury's out on whether Anglo's move will pay off in…

26 Jul 2018 12PM 4 min

Numsa wins ConCourt battle against labour brokers

The Constitutional Court handed down a judgment that will have far-reaching effects on the country's labour industry regarding temporary employment services. The court ruled that the law must be interpreted within the context of the right to fair labour practices. Workers who have been placed by labour brokers will now…

26 Jul 2018 12PM 6 min

BRICS: Too much China, what about Brazil, India & Russia

The 2018 BRICS in Africa summit has entered its second day and thus far, the focus has largely been on China with little mention of Brazil, India and Russia. President Putin arrived in the country today and has said that Russia is seeking greater cooperation with the BRICS nations, Brazilian…

26 Jul 2018 12PM 7 min

Acquisitions give AECI'S H1 performance a boost

Recent acquisitions have given AECI's first-half performance a boost. The Mining and Agricultural chemicals group has reported a 19% increase in headline earnings per share. And revenue for the period came 24% higher at just over 10 billion rand. But AECI says a stronger rand during the early part of…

25 Jul 2018 12PM 6 min