Business News Leaders

Life Healthcare's H1 earnings more than double

Life Healthcare has reported interim numbers. Headline earnings per share have more than doubled and that in part due to the inclusion of Alliance Medical. Group CEO Shrey Viranna takes us through the numbers.

1 Jun 2018 12PM 9 min

Governance issues at play at Steinhoff & STAR

Braam van Huyssteen Founder of Tekkie Town has initiated legal action against both Steinhoff and STAR and is looking to reverse the acquisition the company made of Tekkie Town in 2016 - which now sits in the STAR stable. He joined Business Day TV on the line with more insight…

31 May 2018 12PM 8 min

Distell to relist on the JSE amid drought risks

Due to the worst drought on record in South Africa, the wine grape harvest has been cut by 30% affecting alcohol beverages maker Distell which plans to relist on the JSE. How is the company positioning itself as it makes that return given the current climate in the sector? Richard…

31 May 2018 12PM 6 min

Vukile delivers 7.7% FY distribution growth

Vukile Property Fund delivered annual dividend growth of 7.7% - and it expects the momentum to continue. The company's cited a strong performance by its South African retail portfolio, as well as its expansion into Spain. Vukile's CEO Laurence Rapp joined us now for more insight on the numbers.

30 May 2018 12PM 5 min

Nampak H1 HEPS from continuing ops up 10%

Packaging firm, Nampak released its interim results today, revenue grew by a marginal 2% while headline earnings per share from continuing operations increased by 10%, trading profit is up 7% and the group managed to extract R1.3 billion from Nigeria, Angola and Zimababwe and expects cash generation from these areas…

30 May 2018 12PM 6 min

Spar H1 earnings boosted by European operations

Retailer & wholesaler, Spar released its interim results today reporting a 13.8% increase in headline earnings per share boosted by strong contributions from its European operations and a turnaround in its Switzerland division. Revenue is up 5.3%, group turnover is up 5%, the interim dividend is up 12.5% to R2.70…

30 May 2018 12PM 7 min

African Bank benefits as bad debts decrease

African Bank released its interim results today, operating profit before tax is up 48% to R123 million, net profit is up 45% to R77 million this as the credit impairment ratio improved to 11% from nearly 14%, retail deposits increased by 90% and the bank says that it has progressed…

29 May 2018 12PM 7 min

S&P leaves SA's sovereign credit rating unchanged

Ratings agency, S&P Global kept the country's sovereign credit rating unchanged and kept its outlook stable with the view that economic growth will pick up modestly over the next year. Treasury and business leaders have widely welcomed the decision but the agency however has warned that it will lower South…

28 May 2018 12PM 7 min

Mobile revenue gives Telkom a boost

Telkom released its full-year results today, group revenue is flat while revenue from mobile services surged 47%, headline earnings per share is down over 18%, profit after tax fell over 19%, the annual dividend is down over 16% to R3.55. The company has indicated that it will explore new generation…

28 May 2018 12PM 7 min

Scampering through the train wreck is Sasfin Securities' David Shapiro

Sell in May's working out for someone but there's a flicker of green on the screen today so crack open the minibar! This is the week that was, Simon Brown, his co-host is Giulietta Talevi and joining them as they scamper through the train wreck is Sasfin Securities' David Shapiro.

25 May 2018 12PM 25 min

Top 100 Best Brands in Africa survey

Dangote and MTN came out tops as the most admired African brands in the latest Top 100 Best Brands in Africa survey. With global brand Nike taking the overall position of being the most admired brand on our continent. Thebe Ikalafeng, the founder and chairman of Brand Africa talks to…

25 May 2018 12PM 7 min

Tiger Brands reel from listeriosis outbreak

Tiger Brands came out with results Thursday and those financials revealed just how much of an impact the listeriosis outbreak is having on the group's performance. Product recall and related costs to date amount to 365 million rand and this has weighed on profit, with headline earnings per share falling…

24 May 2018 12PM 6 min

Tough trading conditions weigh on Famous Brands

Famous Brands reported its full-year results on Thursday, revenue grew by 23%, headline earnings per share fell by 8%, operating profit before non-operational items declined by 5% and the group declared no dividend for the period under review, shareholders have not received a dividend since 2016. Darren Hele, CEO of…

24 May 2018 12PM 6 min

SARB keeps rates on hold

The Monetary Policy Committee kept interest rates unchanged. Our panel of experts, Elize Kruger, Senior Economist at NKC African Economics, Kevin Lings, Chief Economist at Stanlib and Lumkile Mondi, Senior Lecturer at the Wits School of Economics & Business Science joined us to analyse the decision, we started off by…

24 May 2018 12PM 8 min

Arrowhead declares H1 dividend of 40.43c

Arrowhead Properties has declared an interim dividend of 40.43 cents, and managed to reduce its vacancy level to 10.63% from just over 12% previously. The company says it's anticipating further improvement on that end. They have reported a strong operating performance over the past 6 months and are on track…

23 May 2018 12PM 21 min

US, China trade war fears reignited

Just last week, the US and China announced that they have agreed to hold off on imposing crippling tariffs on each other and will continue talks until they reach a deal. Yesterday, the two powers said that they agree on a broad outline of a deal that will save Chinese…

23 May 2018 12PM 7 min

Mining Charter developments

The Chamber of Mines has been renamed the Minerals Council South Africa, it held its annual general meeting today and Mineral Resources Minister, Gwede Mantashe announced that he would be getting rid of the 'Gupta clause' in the Mining Charter which is to be finalised next month. Roger Baxter, CEO…

23 May 2018 12PM 7 min

Ramaphosa hits 100-days in office this week

As public sector wage negotiations persist - and some unions accuse others of pandering to President Cyril Ramphosa's commitment to cutting the public sector wage bill - Political Analyst, Daniel Silke joined us on the line with his report card on Ramaphosa's 100 days in office.

22 May 2018 12PM 7 min

Fedusa warns against the public sector wage agreement

The public sector is still batting out an agreement on wage increases for 2018 and 2019 after already having been in negotiations for 8 months. Four unions have confirmed that their members have rejected the offer government has on the table and and the The Federation of Unions of South…

22 May 2018 12PM 7 min

Pickup in mining activity gives Barloworld a boost

Despite a stronger rand holding back revenue growth during the period - with revenue up a tepid 1% to just under R31bn, Barloworld's reported a 14% rise in first-half earnings -from continuing operations. While operating profit increased 6%. The results come primarily on the back of improved performance by its…

21 May 2018 12PM 7 min