Business News Leaders

Vedanta invests $800M to build zinc refinery in SA

Vedanta Zinc International plans to spend 800 million dollars to build a zinc refinery in the Northern Cape. Feasibility studies have been launched and it would be the country's first zinc smelter since Exxaro closed its unprofitable plant in 2011. With our Mining Charter still not finalised and disappointing mining…

15 May 2018 12PM 8 min

Vodacom grows customer base but misses earnings target

Mobile giant, Vodacom released its full-year results on Monday, posting a 6.3% rise in revenue, headline earnings per share is unchanged at 923 cents and the company declared a final dividend 425 cents which is 10 cents lower than the previous period. Business Day TV’s Giulietta Talevi caught up with…

14 May 2018 1PM 9 min

Astral H1 earnings soar on lower costs, higher sales

Poultry producer, Astral released its interim results today, revenue is up 15%, headline earnings per share has soared by 455% while operating profit jumped 393% driven by low input costs, higher sales volumes and higher poultry selling prices. The group has declared an interim dividend of R10 up from R1.80…

14 May 2018 12PM 6 min

Indluplace declares H1 dividend of 48.5C

Indluplace has declared an interim dividend of 48.5 cents, matching the payout from a year ago. The company's FD Terry Kaplan spoke with Business Day TV more insight…

9 May 2018 12PM 20 min

Long4Life maiden results boosted by acquisitions

Newly-listed investment firm, Long4Life reported results for its first eleven month period. Profit sits at R169 million largely driven by asset acquisitions, revenue is at R731 million and the company has declared a maiden dividend of 5.4 cents and says that is well equipped to pursue growth opportunities which includes…

9 May 2018 12PM 7 min

Trump’s decision on Iran could impact SA

Ross Harvey, Lead of Extractive Industries and Governance of Africa's Resources Programme at the South African Institute of International Affairs discusses the possible risks and impact on SA with Trump’s decision to pull his country out of the nuclear deal with Iran.

9 May 2018 12PM 9 min

RAC pitched a R13.50 per share takeover offer to Astoria

Piet Viljoen,the Chairman of RAC spoke to Giulietta Talevi to give clarity on RAC’s listing as well as provide details of the Astoria deal and why they cautioned investors.

8 May 2018 12PM 6 min

SA will struggle to stick to its promise to cut spending - Nene

Finance Minister Nhlanhla Nene has warned that the country will struggle to meet its promise to cut spending if government and unions fail to agree on inflation-linked wage increases. We avoided a Moody's credit rating downgrade earlier this year based on that promise to cut spending and with ratings agencies…

8 May 2018 12PM 6 min

IMF lifts SA’s GDP forecast

The international Monetary Fund is more upbeat about the country's growth potential - it has raised the growth forecast from 0.9% to 1.5% and 1.7% for 2018 and 2019 respectively. The decision was largely driven by political changes which could benefit economic policy but the IMF has expressed concern over…

8 May 2018 12PM 7 min

KPMG rethinks its future in SA

Scandal hit KPMG is reviewing its business model and has welcomed the Independent Regulatory Board for Auditors' plan to review its turnaround strategy. Bernard Agulhas, CEO of the IRBA gives us some insight on what could be on the cards for the audit firm.

7 May 2018 12PM 7 min

Redefine Properties posts 5.5% rise in first-half distribution.

Redefine Properties released their interim results showing total revenue up 9.6% and it's first-half distribution rising 5.5%. We Giulietta caught up CEO, Andrew König for a look at the groups performance over the period.

7 May 2018 12PM 8 min

Growing store base gives Dis-Chem's annual earnings a boost

Dis-Chem's store-rollout drive has paid off. The addition of 21 new stores during the year ended February helped the retail pharmacy group deliver annual turnover growth of just over 13%, and a 6.6% rise in earnings. Dis-Chem's CFO Rui Morais provided some insight into the performance

4 May 2018 12PM 6 min

Join Giulietta Talevi with Simon Brown at work and this is the week that was

Discombobulated by the public holidays? Not sure what day it is? Well, it's Friday, you were, sadly, at work and this is the week that was! Join Giulietta Talevi, her co-host is Simon Brown and back where he belongs, in the naughty chair is Sasfin Securities' David Shapiro.

4 May 2018 12PM 24 min

Opportunities in the small cap sector

On the line from Cape Town to discuss some of the opportunity the small cap sector is presenting right now and exactly which off the minnows on the JSE are offering value is Anthony Clark from Vunani Securities.

3 May 2018 12PM 20 min

Miners, workers reach historic silicosis settlement

Six years ago, a landmark class-action lawsuit was launched on behalf of miners suffering from silicosis and or tuberculosis as a result of working at African Rainbow Minerals, Anglo American South Africa, AngloGold Ashanti, Gold Fields, Harmony Gold and Sibanye-Stillwater from 12 March 1965 to date. The gold-mining companies have…

3 May 2018 12PM 16 min

Absa’s April PMI rises above the 50-point neutral mark

Absa's April PMI has beaten analyst expectations by rebounding to above the neutral 50-point mark coming in at 50.9 - this after the index declined to 46.9 in March. April's PMI gains were largely driven by increases in four of the five key subcomponents. Miyelani Maluleke, Economist at Absa joined…

2 May 2018 12PM 7 min

Trump rejects SA's appeal for tariff exemptions

US President Donald Trump has rejected the country's bid for an exemption from his steel and aluminium tariffs threatening 7500 jobs in the sector - this comes after the vulgar comments the President made about Africa. It is alleged that this move is in retaliation to South Africa voting against…

2 May 2018 12PM 8 min

Business rescue plan for Optimum Coal

Business rescue practitioners to the Gupta linked mines were forced to approach the high court for an urgent interdict after they were barred from the offices of the very companies they intend to rescue. George Nell, Senior Business Rescue Practitioner at Corporate Business Rescue joined us in studio for a…

30 Apr 2018 12PM 6 min

SA operations give Choppies a boost

Choppies SA operations helped buoy the retailer's interim profit 22% 68 million pula or about R85 million. The group reported a significant improvement in the North West stores, in the country, resulting in like for like revenue growth of 43%. But with the retailer still facing strike action across its…

26 Apr 2018 12PM 6 min

SA strike season in full-swing

South Africa has entered its strike season, the country faces pressures from political tensions in the build up to next year's election but as we move into wage negotiations in various sectors, more pressure is building up as most unions oppose the new amendments to the Labour Relations Act and…

26 Apr 2018 12PM 8 min