Business News Leaders

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

Nedbank posts 20% hike in full-year profits

Nedbank has posted a 20% rise in full-year profit for 2022 thanks to higher interest rates and a rebound in economic activity. But with South Africa's power supply crisis, Nedbank expects the economic environment to remain challenging. Business Day TV hosted Nedbank CFO, Mike Davis, to discuss the detail.

7 Mar 2023 8AM 8 min

Bidvest delivers double-digit profit growth

Bidvest has delivered strong half-year results, reporting a 14% rise in revenue while headline earnings per share came in 15.3% higher. This comes as most of its divisions performed well, with six out of seven divisions achieving real trading profit growth. Business Day TV unpacked the results with CEO, Mpumi…

6 Mar 2023 11AM 7 min

Higher coal and manganese prices boost African Rainbow Mineral's earnings

African Rainbow Mineral's has weathered Transnet issues as well as rising diesel costs. That's as the diversified miner delivered a 40% jump in headline earnings per share, benefitting from higher coal and manganese prices. Business Day Tv caught up with company's CEO, Mike Schmidt for a deeper look into its…

6 Mar 2023 11AM 8 min

Trade of the week

Loyiso Mpeta gives his quan-tech-mental analysis of Multichoice, Adcock and Barloworld.

6 Mar 2023 8AM 13 min

Fintech to drive MTN growth in Rwanda

MTN Rwanda says it expects fintech to be the main driver for its business in 2023. The company is also aiming to achieve 100% population coverage with its network in the East African country. Investment in network and platforms remains a key priority, supporting MTN's strategy to drive digital inclusion…

6 Mar 2023 8AM 6 min

Crypto Chat – Dispelling the myth that crypto is a safe haven for criminals

The common belief is that the lack of regulation around cryptocurrencies makes the asset vulnerable to financial crimes. Crypto exchange, Luno however says that crypto is actually a terrible choice for scammers. Business Day TV dispelled the myth that crypto is a safe haven for criminals with Johan Hetzel, Head…

3 Mar 2023 9AM 7 min

ConCourt rejects Ramaphosa's bid to challenge Phala Phala Report

The constitutional court has rejected President Cyril Ramaphosa's application to challenge the Phala Phala report. The court said it lacked jurisdiction in the matter. The president continues to maintain his innocence, arguing that the panel had relied on "hearsay" and speculation in determining the impeachment case against him. Natasha Marrian,…

3 Mar 2023 8AM 9 min

Impairments eat into Curro's profit

Higher learner enrollment numbers boosted Curro's topline during its financial year. The private school group has delivered a 17% jump in annual revenue, but this did not translate to its bottom line, as impairments and finance costs weighed on the company, resulting in a 6% dip in profit. Business Day…

2 Mar 2023 1PM 8 min