Business News Leaders

DMRE best of bad regulatory bunch

Once the greatest mining country on earth, South Africa’s annual mining production last year shrank 10.7 percent to its biggest annual decline since 1990, 31 years ago. South Africa now attracts less than 1% of annual global mineral exploration spend. Ongoing mineral exploration is the only way to ultimately sustain…

31 May 2021 2AM 26 min

Adcorp returns to profit

Adcorp is back in the black. The workplace solutions provider says its full-year performance was underpinned by aggressive cash flow management, non-core assets disposals and the introduction of cost savings initiatives. Business Day TV unpacked the results with CEO John Wentzel.

31 May 2021 2AM 7 min

The Week In Review

South Africa's vaccine rollout continues to be plagued by poor administration and execution. Nicholas Crisp, deputy director general in the National Department of Health, argues its not so simple. And that is the point. It really should be. This in a week where US President Joe Biden ordered the U.S…

28 May 2021 2AM 27 min

How Nigeria is giving Nampak a boost

Cost cutting measures and better than expected demand in Nigeria have given Nampak a boost. During the interim period the packaging company's headline earnings per share more than doubled to 17.6 cents. Joining Business Day TV with greater perspective on the numbers is the company's CEO, Erik Smuts.

28 May 2021 2AM 7 min

African Bank Holdings swings to profitability

Despite the negative impact that Covid-19 has had on the local economy, African Bank Holdings has returned to profitability. The company which owns 100% of lender, African Bank delivered an after-tax profit after R152m off the back of a 55% decline in bad debts. Business Day TV unpacked the company's…

27 May 2021 2AM 4 min

Net carbon zero by 2050 “unrealistic"

The South African government is forging ahead with its plans to develop and exploit the country’s oil and gas prospects, which have changed dramatically in recent years. In 2019 Total announced a gigantic gas find, the Brulpadda offshore exploration block, and a 2020 find in the adjacent Luiperd block increased…

27 May 2021 2AM 27 min

Pepkor's earnings skyrocket amidst the pandemic

Pepkor had a bumper first half. The retailer has posted a near 51% jump in headline earnings per share from continuing operations due to a solid operational performance and a lower debt level. Business Day TV unpacked the results with CEO Leon Lourens.

27 May 2021 2AM 8 min

19 weighs on Life Healthcare

Covid-19 continues to weigh on Life Healthcare. South Africa’s second-largest private hospital operator has reported a 9.6% slide in interim profit after tax as it grapples with increased costs due to the pandemic. Business Day TV spoke to the group’s CEO, Peter Wharton-Hood to find out if the firm’s balance…

27 May 2021 2AM 7 min

Ekurhuleni’s 2021/22 budget in focus

Ekurhuleni’s MMC for Finance Nkosindiphile Xhakaza has tabled the city's budget for 2021/2022 and Business Day TV caught up with Nkosindiphile Xhakaza to find out how Covid-19 has impacted spending priorities.

26 May 2021 2AM 6 min

Active funds shine as global economy recovers

The passive versus active debate has been raging for many years, but it seems active funds could come out tops going forward as analysts note that expensive markets and the prospect of increased volatility means it will be difficult for passive funds to beat actively managed products. Business Day TV…

26 May 2021 2AM 7 min

Patel’s Pay Plan: a red herring?

Alexis de Tocqueville observed that Democracy and socialism have nothing in common but one word, equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude. In his budget vote speech in the National Assembly, Trade Industry and Competition Minister Ebrahim Patel said…

26 May 2021 2AM 25 min

Treasury rejects DA proposal to allow leveraging of pension fund assets

National Treasury has rejected the Democratic Alliance's proposal to amend pension fund laws to allow members to access up to 75% of their retirement savings as a loan guarantee. Business Day TV's Alishia Seckam spoke to Ismail Momoniat, Treasury DDG for Tax and Financial Sector Policy for more insight

25 May 2021 2AM 8 min

Spar's earnings boosted by Irish and Swiss operations

Spar has posted a 52% jump in half-year headline earnings per share driven by strong performances in Ireland and Switzerland. Business Day TV's Alishia Seckam spoke to CEO Brett Botten for his take on the results.

25 May 2021 2AM 8 min

Why the global commodities boom has lost momentum

The global commodities boom hit a wall at the beginning of the week after Chinese officials moved to temper prices and reduce the speculation that has driven markets. Business Day TV's Alishia Seckam discussed the factors at play with RMB's Ettienne van Wyk.

25 May 2021 2AM 5 min

Vaccine Access Across Africa

Covid 19 isn’t the world’s first pandemic and it won’t be the last. And the issue of vaccine access continues to rage. The Aids Healthcare Foundation continues its global ‘Vaccinate Our World’ call-to-action with a virtual press conference held in Johannesburg recently to urge world leaders, vaccine manufacturers, and public…

25 May 2021 2AM 24 min

Acquisitions give Barloworld a boost

Barloworld's new acquisitions have given the company a boost. The group's delivered a 6.5% jump in half-year revenue and headline earnings per share have come in five times higher than the previous period at 367c. Business Day TV's Alishia Seckam caught up with the company's CEO, Dominic Sewela and he…

24 May 2021 2AM 4 min

Netcare recovers as it adapts to Covid-19

Netcare has reported an interim profit from a loss in the previous six months. The private hospital operator attributes the improvement to better management and protocols during the second wave of Covid-19 infections. Business Day TV's Alishia Seckam spoke to CEO Richard Friedland for more detail.

24 May 2021 2AM 8 min

Mobile rings in profit for Telkom

Telkom has posted a 53.4% jump in annual headline earnings per share, driven by its mobile business. Business Day TVs Alishia Seckam unpacked the performance and the company's outlook with Telkom's CEO Sipho Maseko.

24 May 2021 2AM 7 min

South Africa’s TOP 50 brands

Brand Finance Africa released its annual rankings of South Africa’s TOP 50 brands today, which only recorded a 2% (R8.8 billion) decrease in cumulative brand value, from R471.3 billion in 2020 to R462.4 billion in 2021. This resilience is especially evident in the impressive recovery seen on the Johannesburg Stock…

24 May 2021 2AM 27 min

The week in review

Today, Friday May 21, is Tax Freedom Day, when South Africans stop working for the state and start working for themselves. This year it falls two days later than last year, in which it occurred one day later than in 2019. This is alarming because it means the economy contracted…

21 May 2021 2AM 26 min