Business News Leaders

Joburg Revenue Flow At Risk Amid Flight From Eskom Power Cuts

Joburg Finance MMC Dada Morero told Business Day that the move to alternative energy sources is expected to put the squeeze on funds flowing to the city's power distribution utility. City Power is one of the biggest contributors to the city's total revenue, representing 43.8% in 2022. Business Day TV…

15 Mar 2023 8AM 9 min

HomeChoice gives shareholders a reason to smile

HomeChoice has more than tripled its final payout, dishing out a dividend of 77 cents per share. This comes as headline earnings per share grew close to 42% during the full year period. Business Day TV spoke to the company's CEO Sean Wibberley for more insight on the performance.

14 Mar 2023 1PM 8 min

Mining and manufacturing sectors start 2023 on the backfoot

The manufacturing and mining sectors have started the year on the backfoot, with factory activity slipping 3.7% and mining output declining 1.9% in January. Business Day TV caught up with RMB's Foreign Exchange Structurer, Rayno Nigrini for his take on what this could mean for growth in the first quarter.

14 Mar 2023 1PM 5 min

Tshwane's political instability

Cope's Murunwa Makwarela has resigned after presented a fake document of rehabilitation claiming he was not insolvent. On the other hand, ATM councillor, Mncedi Ndzwanana has been elected Tshwane council speaker, another loss for the Da-led coalition. The coalition, with a solid majority, expected would to clinch the speaker position…

14 Mar 2023 10AM 8 min

Old Mutual reports 10% rise in profit as mortality claims fall

Old Mutual has benefitted from a drop in mortality claims. The insurer saw a 10% rise in annual headline earnings and kept its dividend unchanged as the outlook on economic conditions remains dim. Business Day TV spoke to the company’s CFO, Casper Troskie for his assessment of the performance.

14 Mar 2023 10AM 7 min

Sun International’s profit more than doubles

Sun International has more than doubled its full-year profit, with headline earnings per share coming in at 226 cents. The performance comes as the casino, gaming, and hotel group benefitted from a rebound within the travel industry, as pandemic related restrictions eased. Business Day TV unpacked the results with company's…

13 Mar 2023 1PM 6 min

Absa delivers profit bump

Absa has delivered a 15% rise in annual revenue and a near 14% increase in headline earnings per share, as the lender benefitted from higher interest rates. Business Day TV spoke to Absa's Financial Director, Jason Quinn for more on the performance.

13 Mar 2023 1PM 9 min

Trade Of The Week

On this week's show, founder of Herenya Capital, Petri Redelinghuys joins Business Day TV for a quan-tech-mental analysis on Shoprite, Sibanye-Stillwater and Sun International.

13 Mar 2023 11AM 13 min

Arena's Timeslive Gets A Facelift

TimesLive is looking to explore the possibilities of the digital era. The new upweighted TimesLive experience gives users the opportunity to also enjoy leisure-time entertainment on the platform. Come for the news, stay for the entertainment! Business Day TV spoke to TimesLive Publisher, Bongani Siqoko, on what the group's CEO,…

13 Mar 2023 9AM 7 min

Sanlam weathers a challenging operating environment

Sanlam has delivered an uptick in profit amidst a tough environment. During the annual period, headline earnings per share increased by 3%, and this allowed the financial services group to raise its dividend by 8% to just over R3. Business Day TV spoke to the Financial Director, Abigail Mukhuba for…

9 Mar 2023 11AM 7 min

Unpacking Fortress' interim performance

Property group Fortress Real Estate has recorded overall low vacancies, but it's still unable to pay a dividend, and it's dealing with the fallout of losing its real estate investment trust status. To unpack this in detail, Business Day TV spoke to Fortress CEO Steven Brown.

9 Mar 2023 8AM 7 min

Coronation Plans Constitutional Court Appeal In SARS Tax Battle

Coronation is said to be planning an appeal that will take its tax fight with SARS to the Constitutional Court. This, after the Supreme Court of Appeal ruled in favour of SARS, and decided that Coronation's Irish business qualifies for a tax exemption. The asset manager has been ordered to…

9 Mar 2023 8AM 6 min

Navigating markets in times of uncertainty

ETF markets kicked of 2023 with a bang, as many riskier assets benefited from the reopening of China's economy. Despite the optimism analysts have warned that elevated inflation, high interest rates and the ongoing war in Ukraine still present risks to equity markets. Business Day TV discussed this with Channel…

8 Mar 2023 12PM 5 min

JSE's diversification strategy bears fruit

Despite market turmoil and the delisting trend, the JSE has delivered profit growth. During the annual period headline earnings per share increased by 4% as Africa's largest bourse recorded revenue growth across its business segments. Business Day Tv caught up with CEO Leila Fourie for more on those results.

8 Mar 2023 12PM 8 min

Load-shedding dims business confidence in Q1

Business sentiment remains gloomy. In the first quarter, the RMB/BER Business Confidence Index fell to 36 points from 38 points in the fourth quarter. Owing to severe load-shedding, RMB says the print could have been much worse. Business Day TV unpacked the print in greater detail with Ettienne le Roux,…

8 Mar 2023 8AM 9 min

Shoprite delivers profit bump

Shoprite has delivered a 17% jump in its half-year revenue and a 10.2% rise in headline earnings per share. Despite the strong showing, the food retailer says profits could have been higher if it was not for the back-to-back power outages. Business Day TV spoke to the company's CEO, Pieter…

7 Mar 2023 12PM 8 min

Mpact more than doubles its annual payout

Mpact has more than doubled its annual dividend to 115 cents. The paper and packaging company recorded strong profits on the back of higher demand for paper and plastics in South Africa. Business Day TV unpacked the numbers with CEO, Bruce Strong.

7 Mar 2023 12PM 6 min

South Africa's GDP declines in the fourth quarter

South Africa's economy has taken a knock. During the fourth quarter of 2022, GDP contracted by 1.3%, as all industries took a hit amid continuous power cuts. Business Day Tv unpacked the print with RMB's Economist Siobhan Redford.

7 Mar 2023 12PM 5 min

Cash remains king in Africa

The PwC Strategy's 2022 Open Banking and Payments Survey, shows cash remains the most dominant payment type on the African continent. Respondents were interviewed across three key African economies - South Africa, Kenya and Nigeria. Chantal Maritz, PwC Africa Payments Transformation Leader, said the results highlight the lack of varied…

7 Mar 2023 8AM 8 min

Analysis of Ramaphosa's cabinet reshuffle

President Cyril Ramaphosa has announced his much-anticipated cabinet reshuffle. One of the new appointees, Kgosientsho Ramokgopa, the country's new minister of electricity, is drawing most of the focus as he has been tasked with confronting the load-shedding crisis in the country. Financial Mail's Depuy Editor, Natasha Marrian, joined Business Day…

7 Mar 2023 8AM 11 min