Business News Leaders

Alexander Forbes FY HEPS down 16.8%

Alexander Forbes reported a 16.8% decline in FY HEPS of 44.4 cents per share. This, despite a five percent growth in operating income net of direct expenses to R3.6 billion, with strong top-line performance across key growth business segments. CEO Andrew Darfoor joins Business Day TV to discuss their latest…

11 Jun 2018 12PM 8 min

Vodacom unveils new R17.5BN empowerment deal

Mobile giant, Vodacom is embarking on a R17.5 billion empowerment deal which will replace the current BEE deal which unwinds in October. This deal will give existing BEE partner, YeboYethu shareholders a more direct holding in Vodacom. The company says that the new transaction includes the newly formed employee share…

11 Jun 2018 12PM 6 min

The economy's in the toilet and we're all going to die

The economy's in the toilet and we're all going to die! But hey, it's Friday, the weekend rolls on and this is the week that was. I'm Giulietta Talevi, my co host is Simon Brown and joining us as we wander, wailing, through the debris is Sasfin securities' David Shapiro.

8 Jun 2018 12PM 24 min

Vukile's Spanish footprint paying off

Lawrence Rapp CEO of Vukile Property Fund joins us for a follow up on the back of the company's earnings report having been released, specifically pertaining to its growing Spanish footprint. The extent to which its paying off and where exactly that leaves its international strategy

7 Jun 2018 12PM 7 min

April manufacturing output up 1.1% Y/Y

Manufacturing production increased 1.1% year-on-year in April, on a month-on-month basis however, factory production shrunk 0.6%. This print comes after the manufacturing decreased by contributed -0.8% of a percentage point to GDP which contracted by 2.2%. Dawie Roodt, Chief Economist of the Efficient Group joined us to discuss what April's…

7 Jun 2018 12PM 7 min

Eskom maintains its 0% wage increase offer

Power utility Eskom has ended a second round of wage talks sticking to its stance of no wage increases as the cash-strapped SOE struggles to strengthen its balance sheet BUT a power struggle is about to ensue as unions threaten strike action against the decision. Khulu Phasiwe, Spokesperson for Eskom…

7 Jun 2018 12PM 8 min

BLSA maintains positive stance on SA Inc despite economic headwinds

Markets continued to real from the shock growth figures that were released yesterday, reflecting a quarter on quarter contraction of 2.2% largely. This has led analysts to revise down their forecast for the year and the tone is less than optimistic as the GDP numbers reflect what some are calling…

6 Jun 2018 12PM 7 min

Junior Indaba 2018 kicks off

The fourth edition of the Junior Indaba for explorers, developers and investors in junior mining kicked off today. Bernard Swanepoel, Convener of the Indaba has criticised government and the Minerals Council for failing to accommodate the needs of the junior mining sector and says that a one-size-fits-all approach to junior…

5 Jun 2018 12PM 7 min

SA Q1 GDP shrinks by 2.2%

The South African economy has shrunk by 2.2% in the first quarter against an expansion of 3.1% during the last quarter. This marks the largest quarter-on-quarter decline since the 2008 2009 financial crisis with the largest negative contributors to GDP growth being agriculture, mining and manufacturing while finance, government, business…

5 Jun 2018 12PM 8 min

Delta FY rental income down 3.1% due to disposals

Delta Property Fund's forecasting an earnings decline of up to 4% for its 2019 financial year. And says that's partly due to once-off lease adjustments being traded off for longer-term leases, as well as the disposal of assets held-for-sale. The comments come off the back of Delta's annual numbers released…

4 Jun 2018 12PM 6 min

BlackRock sees recent selling of EM assets as a buying opportunity

BlackRock sees the recent selling of EM assets as a buying opportunity - and Isabelle Mateos y Lago, Chief Multi Asset Strategist at BlackRock joined us on the line for further interrogation of the investment case they're buying into right now.

4 Jun 2018 12PM 7 min

Stadio plans launch of new campus in Western Cape

Tertiary education group, Stadio plans to develop a new campus just outside of Cape Town after acquiring over 7 hectares of land in Durbanville. The new campus is expected to be up and running by February 2021 is expected to boast several faculties including Education, Commerce, Law and the Creative…

4 Jun 2018 12PM 8 min

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