Business Day TV Business News Leaders

Why Pick n Pay cut its dividend

Loading player...
Pick n Pay has cut it total dividend by over 16% as the bill the retailer racked up to deal with load-shedding shot beyond the R500m mark. The company believes that intense power outages are now the 'permanent new reality' and so to give its balance sheet some room, the firm has decided to adjust its dividend policy and take its payout ratio from 76% to 56% - 67%. To discuss this in more detail, Business Day TV spoke to Pick n Pay's CFO Lerena Oliver.
4 May 2023 8AM English South Africa Business · Business News

Other recent episodes

The Big Idea - 07 Dec 2023

Currency devaluations, coups and green hydrogen potential are factors that have been identified by Oxford Economics Africa as trends to watch on the continent next year. Jacques Nel, Head of Africa Macro at Oxford Economics Africa joined Business Day for more insight into the group's watchlist for the continent as…
7 Dec 2023 8AM 19 min

Listen! 2024: What to watch in Africa in 2024

Currency devaluations, coups and green hydrogen potential are factors that have been identified by Oxford Economics Africa as trends to watch on the continent next year. Jacques Nel, Head of Africa Macro at Oxford Economics Africa joined Business Day for more insight into the group's watchlist for the continent as…
7 Dec 2023 8AM 7 min

Listen! Construction industry returns to growth in Q3

Construction activity has picked up in the third quarter, according to the Afrimat Construction Index which sits at a 7-year high of 131.5 points. Business Day TV unpacked the index in greater detail with Independent Analyst, Roelof Botha.
7 Dec 2023 8AM 7 min

Listen! Is Naspers finally done burning through cash?

Naspers, having weathered a decade of questionable investments, strategic shifts and substantial losses is now showing signs of a positive turnaround, according to Financial Mail's Ann Crotty. Business Day TV discussed this in more detail with Crotty.
7 Dec 2023 8AM 7 min

Listen! The state of the airline industry

As the aviation industry continues to soar post the 2020 Covid-19 hit, analysts aren't expecting a slowdown anytime soon. According to research by the International Air Transport Association, the sector's net profit is expected to climb by 3.8% to $25.7 billion in 2024. Business Day TV caught up with Rene…
6 Dec 2023 10AM 10 min
All episodes