Business News Leaders

Mobile revenue gives Telkom a boost

Telkom released its full-year results today, group revenue is flat while revenue from mobile services surged 47%, headline earnings per share is down over 18%, profit after tax fell over 19%, the annual dividend is down over 16% to R3.55. The company has indicated that it will explore new generation…

28 May 2018 12PM 7 min

Scampering through the train wreck is Sasfin Securities' David Shapiro

Sell in May's working out for someone but there's a flicker of green on the screen today so crack open the minibar! This is the week that was, Simon Brown, his co-host is Giulietta Talevi and joining them as they scamper through the train wreck is Sasfin Securities' David Shapiro.

25 May 2018 12PM 25 min

Top 100 Best Brands in Africa survey

Dangote and MTN came out tops as the most admired African brands in the latest Top 100 Best Brands in Africa survey. With global brand Nike taking the overall position of being the most admired brand on our continent. Thebe Ikalafeng, the founder and chairman of Brand Africa talks to…

25 May 2018 12PM 7 min

Tiger Brands reel from listeriosis outbreak

Tiger Brands came out with results Thursday and those financials revealed just how much of an impact the listeriosis outbreak is having on the group's performance. Product recall and related costs to date amount to 365 million rand and this has weighed on profit, with headline earnings per share falling…

24 May 2018 12PM 6 min

Tough trading conditions weigh on Famous Brands

Famous Brands reported its full-year results on Thursday, revenue grew by 23%, headline earnings per share fell by 8%, operating profit before non-operational items declined by 5% and the group declared no dividend for the period under review, shareholders have not received a dividend since 2016. Darren Hele, CEO of…

24 May 2018 12PM 6 min

SARB keeps rates on hold

The Monetary Policy Committee kept interest rates unchanged. Our panel of experts, Elize Kruger, Senior Economist at NKC African Economics, Kevin Lings, Chief Economist at Stanlib and Lumkile Mondi, Senior Lecturer at the Wits School of Economics & Business Science joined us to analyse the decision, we started off by…

24 May 2018 12PM 8 min

Arrowhead declares H1 dividend of 40.43c

Arrowhead Properties has declared an interim dividend of 40.43 cents, and managed to reduce its vacancy level to 10.63% from just over 12% previously. The company says it's anticipating further improvement on that end. They have reported a strong operating performance over the past 6 months and are on track…

23 May 2018 12PM 21 min

US, China trade war fears reignited

Just last week, the US and China announced that they have agreed to hold off on imposing crippling tariffs on each other and will continue talks until they reach a deal. Yesterday, the two powers said that they agree on a broad outline of a deal that will save Chinese…

23 May 2018 12PM 7 min

Mining Charter developments

The Chamber of Mines has been renamed the Minerals Council South Africa, it held its annual general meeting today and Mineral Resources Minister, Gwede Mantashe announced that he would be getting rid of the 'Gupta clause' in the Mining Charter which is to be finalised next month. Roger Baxter, CEO…

23 May 2018 12PM 7 min

Ramaphosa hits 100-days in office this week

As public sector wage negotiations persist - and some unions accuse others of pandering to President Cyril Ramphosa's commitment to cutting the public sector wage bill - Political Analyst, Daniel Silke joined us on the line with his report card on Ramaphosa's 100 days in office.

22 May 2018 12PM 7 min

Fedusa warns against the public sector wage agreement

The public sector is still batting out an agreement on wage increases for 2018 and 2019 after already having been in negotiations for 8 months. Four unions have confirmed that their members have rejected the offer government has on the table and and the The Federation of Unions of South…

22 May 2018 12PM 7 min

Pickup in mining activity gives Barloworld a boost

Despite a stronger rand holding back revenue growth during the period - with revenue up a tepid 1% to just under R31bn, Barloworld's reported a 14% rise in first-half earnings -from continuing operations. While operating profit increased 6%. The results come primarily on the back of improved performance by its…

21 May 2018 12PM 7 min

Murray & Roberts plans Aveng take-over

Engineering and construction giant, Murray and Roberts is in talks with cash-strapped rival, Aveng about a possible take-over. No formal offer has been made but the deal would include M&R settling R2 billion worth of Aveng's debt which is due next year but M&R's majority shareholder, Aton says that it…

21 May 2018 12PM 7 min

JSE under fire over listings & investor protection

The JSE has been taken to task regarding questionable listings and its responsibility to protect retail investors. This following the listings of Gupta-linked Oakbay and Iqbal Surve's proposed listing of Sagarmatha as well as the collapse of Steinhoff calling into question whether the JSE has a bigger role to play…

21 May 2018 12PM 8 min

Another SAA raid on our wallets

The week's slipped by as sneakily as another SAA raid on our wallets and this is the week that was! Join Giulietta Talevi, her co-host Simon Brown and joining them as they wade through the fray, is Sasfin Securities' David Shapiro.

18 May 2018 12PM 24 min

Is Generation X growth outpacing Millennials?

Global research company Nielsen is expecting a big shift in South Africa's consumer landscape in the next few years. These include changes in what we buy and how we shop. Joining Leigh Roberts at the Business Day TV studio to discuss this in more detail is Ailsa Wingfield, Executive Director…

18 May 2018 12PM 7 min

Investec earnings steady as Koseff prepares exit as CEO

Investment bank and asset manager, Investec released its full-year results today revealing that funds managed by its asset management business has topped the 100 billion British pound mark for the first time. Operating profit is up 5.6% and the company's board has proposed a final dividend of 13.5 pence per…

17 May 2018 1PM 10 min

Ramaphosa supports the idea of a State Bank

The EFF has tabled a Banks Amendment Bill in the National Assembly to pave way for a state-owned bank. President Cyril Ramaphosa has indicated that it is actually a concept that originates from the ANC and that he is willing to throw his weight behind the idea as the banking…

16 May 2018 2PM 8 min

SA March retail sales up 4.8% y/y from 4.2% in Feb

South Africa's retail sales growth has outpaced analyst expectations by accelerating for the second consecutive month in March coming in at 4.8% year-on-year from a revised 4.2% in February. On a month-on-month basis however, sales were flat. The main contributors to the 4.8% increase were retailers in textiles, clothing, footwear…

16 May 2018 2PM 7 min

SA unemployment rate unchanged at 26.7%

South Africa's first quarter unemployment rate is unchanged at 26.7% while the working population increased by 153 000 over the period with discouraged job-seekers increasing by 249 000. The formal sector led job gains over the period while the agricultural sector recorded the biggest losses. Innocent Dutiro, CEO of global…

15 May 2018 2PM 7 min