Business News Leaders

SA escape Moody's downgrade?

In an attempt to deal with the rising budget deficit, Finance Minister Tito Mboweni has promised to slash the public sector wage bill. But will this be enough for the country to escape a Moody's downgrade? SEB's Chief Emerging Markets strategist, Per Hammarlund shares his perspective with Business Day TV.

26 Feb 2020 1AM 5 min

Deputy Finance Minister David Masondo's thoughts on budget 2020

The famous 1980s film, Ferris Bueller's Day off featured a crusty professor talking about the Laffer Curve. Giulietta Talevi caught up with Deputy Finance Minister David Masondo and asked him whether the Laffer curve was top of mind in the decision not to increase taxes and in fact, in a…

26 Feb 2020 1AM 10 min

How Imperial grew operating profits by 9%

Imperial says its faced heightened difficult trading conditions across its operating regions which aren't expected to subside in the short term. Despite this, the group has managed to grow interim headline earnings per share 10% while continuing operating profit grew 9%. This as new contracts and cost cutting helped buffer…

25 Feb 2020 1AM 6 min

How Curro's expansion weighed on its profits

Curro's full year report is out, and its delivered an 18% rise in revenue on the back of a 12% increase in learner numbers. Despite this headline earnings per share rose a tepid 2%, as increasing expense costs as a result of expansion, and a fall in net revenue per…

25 Feb 2020 1AM 6 min

How AECI seeks to mitigate virus risks

Chemicals and explosives group, AECI released annual results today. Reporting revenue up 6.4%, and a 10% jump in HEPS - as all its operating segments achieved growth. This coupled with the proceeds from the sale of its joint venture helped lift its dividend by 11% to R5.70. Company CEO, Mark…

25 Feb 2020 1AM 6 min

Why store expansion has paid off for Shoprite

Store expansion has boosted Shoprite's interim earnings. The retailer grew sales 7% with South Africa the outperformer in this regard. Sales in the domestic market grew almost 10% as the group gained market share. The company is eyeing a larger share of South Africa's premium food retail market now, while…

25 Feb 2020 1AM 6 min

How the rand remains under pressure as coronavirus weighs

The rand continues to be under pressure as Minister Tito Mboweni prepares what is arguably one of the most critical Budget speeches in years, and that's amid fears of the Coronavirus turning into a global pandemic. Joining Business Day TV is Marc Viakovsky from RMB with further analysis on what's…

25 Feb 2020 1AM 6 min

How increased operating expenses are biting into JSE earnings

The JSE’s annual headline earnings per share has plunged by 23%. This as the group had to contend with increased operating expenses while cash from operations pulled back during the period. Business Day TV spoke to Leila Fourie, CEO of the JSE for her analysis of the numbers and what…

24 Feb 2020 1AM 6 min

Why Adapt IT's earnings slumped

A downbeat economy has knocked Adapt IT's half year profit by over a third. The firm says the local market remains challenging, and in light of that Business Day TV spoke to CEO Sbu Shabalala about how Adapt IT will be positioning itself to mitigate those conditions.

24 Feb 2020 1AM 5 min

Why Sasol is withholding dividends

Sasol’s interim earnings have taken a 74% knock, as macroeconomic factors along with continued challenges at its Lake Charles Chemicals Project weighed. Business Day TV spoke to Fleetwood Grobelar, CEO of Sasol for greater perspective on the performance.

24 Feb 2020 1AM 6 min

How African markets are rising margins in Truworths

Truworths has experienced challenging trading conditions in both its primary markets. Despite this, the group managed to expand its South African gross margins. Group operating profit however still fell 2.3%. Business Day TV spoke to Michael Mark, CEO of Truworths about the interim performance.

20 Feb 2020 1AM 8 min

What to expect from Budget 2020

Lower tax revenue collections and weaker growth projections means Finance Minister Tito Mboweni will have larger holes to plug in the 2020 budget. Business Day TV spoke to David Warneke from Saica about his tax expectations as far as that budget is concerned.

20 Feb 2020 1AM 7 min

Adcock weathers a tough economic environment

Despite being dealt a blow by the current economic environment, Adcock Ingram's managed to deliver growth, even if it was tepid. Business Day TV unpacked the performance with CEO Andy Hall.

20 Feb 2020 1AM 6 min

How Sibanye managed to recover strike related losses

Sibanye-Stillwater's second half has come to its rescue - a profit of R604 million has seen it shrug off a first half loss of R171 million - driven by a five-month strike at the company's gold operations. Company's CEO, Neal Froneman talks to Business Day TV about the numbers and…

19 Feb 2020 1AM 7 min

How Emira maintains distribution growth

Emira Property Fund has upped it's interim dividend by 1.7% on the back of an improved vacancy rate of 3%. Business Day TV spoke to CEO, Geoff Jennett for some insight on how the company's managed retain tenants in a tough operating environment.

19 Feb 2020 1AM 6 min

SA Consumer Inflation up 4.5% in January

Consumer price inflation increased by 4.5% year-on-year in January 2020. And while this is up from December's 4% year-on-year increase and its highest up-tick in seven months, it still marks the fourteenth consecutive month that year-on-year inflation was at, or below the midpoint of the target band of 3-6%. Reezwana…

19 Feb 2020 1AM 6 min

How Kumba rewards its shareholders

Higher iron ore prices have given Kumba a boost. The miner has posted a 68% surge in earnings, bulk of which will be returned to shareholders. This amid fears around the Coronavirus potentially dampening prices going forward. Business Day TV spoke to Themba Mkhwanazi, CEO of Kumba Iron Ore to…

18 Feb 2020 1AM 9 min

Why are foreigners pilling into South African bonds?

Foreigners have been flocking into the South African bond market, despite the domestic risks that loom large. Business Day TV spoke to RMB's Michelle Wohlberg for further insight on the activity playing out in the fixed income arena.

18 Feb 2020 1AM 6 min

What is contributing to Pan African's boost in revenue

Higher gold prices coupled with increased output gave Pan African Resources a boost. That’s as the miner's profit more than doubled during the interim period. Business Day TV caught up with CEO, Cobus Loots to discuss the numbers in detail.

18 Feb 2020 1AM 4 min

How the coronavirus is affecting the global economy

Analysts are starting to price in the effect of the coronavirus on the global economy - with Moody's amongst the latest to revise its 2020 growth forecasts. Business Day TV spoke to Piya Sachdeva from Schroders about the impact of the coronavirus on the global economy.

17 Feb 2020 1AM 3 min