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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
3532 – 3552

SA’s banking sector set to welcome new entrant

There's a new mutual bank in town, joining the influx of new entrants to challenge the big 4. The bank - called the 'Young Women in Business Network Co-operative Financial Institution' - will target informal traders and black business owners. The Managing Director, Nthabeleng Likotsi joined us on line to…
15 Jun 2018 12PM 7 min

What was the outcome of the Absa investment management conference.

Absa held its annual investment management conference today under the theme, ''Who moved my growth?'. Fitting after the first quarter showed a GDP contraction of 2.2%. Still, even with key industries like mining, manufacturing and agriculture not delivering much needed growth - National Treasury, the World Bank and the IMF…
14 Jun 2018 12PM 7 min

SA mining production drop 4.3% year-on-year in April

South Africa's mining production continued its slide in April. Output decreased by 4.3% year-on-year with the largest negative contributors being the platinum group metals with a slide of 6.5% while other metallic minerals dropped 36.3%, diamond and gold production fell 24% and gold nearly 6%. Mining production weighed negatively on…
14 Jun 2018 12PM 6 min

NERSA to allow Eskom further increase in 2018

The National Energy Regulator has given Eskom the green light to claw back more than 32 billion rand by hiking tariffs. This is to cover incurred by the utility over the past 3 years but it is only half of what Eskom had initially asked for. Nersa’s Nomfundo Maseti joined…
14 Jun 2018 12PM 7 min

Strong rand takes shine off Peregrine earnings

A strong rand has taken some of the gloss off financial services group Peregrine's FY numbers. That's with almost every business in the group benefitting from a weaker rand, with 42% of the group's operating earnings now emanating directly from offshore entities. So, while Group headline earnings rose 6% to…
13 Jun 2018 12PM 4 min

Business confidence retreats Q2

The second quarter RMB/BER Business Confidence Index has fallen by 6-points to 39 after an 11-point 'Ramaphoria' surge in the first quarter. This as the reality of subdued economic activity kicks in, business activity is worsening in some sectors, policy uncertainty around the country's land question persists, oil prices are…
13 Jun 2018 12PM 9 min

European union: an 'empire' crumbling?

Mobile giant, Vodacom is embarking on a R17.5 billion empowerment deal which will replace the current BEE deal which unwinds in October. This deal will give existing BEE partner, YeboYethu shareholders a more direct holding in Vodacom. The company says that the new transaction includes the newly formed employee share…
12 Jun 2018 12PM 8 min

Num & Numsa ready for 1-day strike at Eskom

Unions, NUM and Numsa will embark on strike action at Eskom to try force the power utility to increase wages by 15% across the board along with a housing allowance increase to R2000 but cash strapped Eskom is sticking to it's stance of zero increases and no bonuses for this…
12 Jun 2018 12PM 6 min

Alexander Forbes FY HEPS down 16.8%

Alexander Forbes reported a 16.8% decline in FY HEPS of 44.4 cents per share. This, despite a five percent growth in operating income net of direct expenses to R3.6 billion, with strong top-line performance across key growth business segments. CEO Andrew Darfoor joins Business Day TV to discuss their latest…
11 Jun 2018 12PM 8 min

Vodacom unveils new R17.5BN empowerment deal

Mobile giant, Vodacom is embarking on a R17.5 billion empowerment deal which will replace the current BEE deal which unwinds in October. This deal will give existing BEE partner, YeboYethu shareholders a more direct holding in Vodacom. The company says that the new transaction includes the newly formed employee share…
11 Jun 2018 12PM 6 min

The economy's in the toilet and we're all going to die

The economy's in the toilet and we're all going to die! But hey, it's Friday, the weekend rolls on and this is the week that was. I'm Giulietta Talevi, my co host is Simon Brown and joining us as we wander, wailing, through the debris is Sasfin securities' David Shapiro.
8 Jun 2018 12PM 24 min

Vukile's Spanish footprint paying off

Lawrence Rapp CEO of Vukile Property Fund joins us for a follow up on the back of the company's earnings report having been released, specifically pertaining to its growing Spanish footprint. The extent to which its paying off and where exactly that leaves its international strategy
7 Jun 2018 12PM 7 min

April manufacturing output up 1.1% Y/Y

Manufacturing production increased 1.1% year-on-year in April, on a month-on-month basis however, factory production shrunk 0.6%. This print comes after the manufacturing decreased by contributed -0.8% of a percentage point to GDP which contracted by 2.2%. Dawie Roodt, Chief Economist of the Efficient Group joined us to discuss what April's…
7 Jun 2018 12PM 7 min

Eskom maintains its 0% wage increase offer

Power utility Eskom has ended a second round of wage talks sticking to its stance of no wage increases as the cash-strapped SOE struggles to strengthen its balance sheet BUT a power struggle is about to ensue as unions threaten strike action against the decision. Khulu Phasiwe, Spokesperson for Eskom…
7 Jun 2018 12PM 8 min

BLSA maintains positive stance on SA Inc despite economic headwinds

Markets continued to real from the shock growth figures that were released yesterday, reflecting a quarter on quarter contraction of 2.2% largely. This has led analysts to revise down their forecast for the year and the tone is less than optimistic as the GDP numbers reflect what some are calling…
6 Jun 2018 12PM 7 min

Junior Indaba 2018 kicks off

The fourth edition of the Junior Indaba for explorers, developers and investors in junior mining kicked off today. Bernard Swanepoel, Convener of the Indaba has criticised government and the Minerals Council for failing to accommodate the needs of the junior mining sector and says that a one-size-fits-all approach to junior…
5 Jun 2018 12PM 7 min

SA Q1 GDP shrinks by 2.2%

The South African economy has shrunk by 2.2% in the first quarter against an expansion of 3.1% during the last quarter. This marks the largest quarter-on-quarter decline since the 2008 2009 financial crisis with the largest negative contributors to GDP growth being agriculture, mining and manufacturing while finance, government, business…
5 Jun 2018 12PM 8 min

Delta FY rental income down 3.1% due to disposals

Delta Property Fund's forecasting an earnings decline of up to 4% for its 2019 financial year. And says that's partly due to once-off lease adjustments being traded off for longer-term leases, as well as the disposal of assets held-for-sale. The comments come off the back of Delta's annual numbers released…
4 Jun 2018 12PM 6 min

Stadio plans launch of new campus in Western Cape

Tertiary education group, Stadio plans to develop a new campus just outside of Cape Town after acquiring over 7 hectares of land in Durbanville. The new campus is expected to be up and running by February 2021 is expected to boast several faculties including Education, Commerce, Law and the Creative…
4 Jun 2018 12PM 8 min
3532 – 3552