Business News Leaders

Market share gains, increased volumes boost RCL Foods

RCL Foods has posted a 21.5% jump in its interim headline earnings, as volumes improved and as group gained market share. Business Day TV unpacked the performance in more detail with CEO Paul Cruickshank.

28 Feb 2022 9AM 5 min

Harmony’s profit falls as it eyes Bambanani mine closure

Harmony Gold’s reported a 69% slump in half-year net profit. South Africa’s largest gold producer had to contend with a conveyor belt failure at its Hidden Valley operation in Papua New Guinea and seismic concerns that have brought forward the closure of the group's Bambanani mine by two years. Business…

28 Feb 2022 9AM 6 min

Deal making in SA at levels last seen in 2015

At the DealMakers magazine black tie gala event South Africa’s top dealmakers and corporate financiers, and legal advisers were recognised. As editor Marylou Grieg points out, extracting those deals executed by companies with secondary listings on the JSE, local deal activity for the year was R484,6bn; a level not seen…

28 Feb 2022 6AM 27 min

Reviewing Budget 2022

South African taxpayers have been given a break. In his Budget Speech, Finance Minister Enoch Godongwana announced that the corporate tax would be reduced to 27% and that personal income tax brackets have been adjusted for inflation. The Minister further commented that many households and businesses are still under financial…

25 Feb 2022 5AM 8 min

The Week In Perspective

This budget week quickly gave way to the news of Russia’s invasion of Ukraine, which has caused markets to whipsaw as the prospects of a prolonged conflict in Eastern Europe not seen since the 1990s balkan conflict and perhaps even the second world war. Asian markets rebounded on Friday following…

25 Feb 2022 3AM 26 min

Oil price hits 8-year high

Oil surged past the $100 mark​ after Russia's invasion of Ukraine fueled concerns about disruptions to global energy supplies. Business Day TV spoke to SEB's Chief Commodities Analyst, Bjarne Schieldrop for more detail.

24 Feb 2022 9AM 6 min

Spur's interim earnings more than double

Spur has delivered a 40% rise in interim revenue while headline earnings per share more than doubled, largely due to a rebound in restaurant activity. Business Day TV discussed the company's performance with CEO Val Nichas

24 Feb 2022 8AM 8 min

Discovery withholds dividend despite half-year profit rise

Discovery has withheld its interim dividend despite reporting a strong recovery in profit. The group, which posted a 76% jump in half-year ​profit, says that the continued uncertainty caused by Covid-19 has prompted it to keep cash on hand. Business Day TV unpacked the performance with CEO Adrian Gore.

24 Feb 2022 7AM 8 min

Budget Review – Good, Bad And Ugly

The market reaction to the budget tells you everything. Much of the good news priced in. But as the Budget review reminds us It’s important to remember how we got here – and to ensure that history does not repeat itself. From 2008/09, South Africa experienced more than a decade…

24 Feb 2022 2AM 27 min

Unpacking the 2022 Budget

Business Day TV unpacks the country’s 2022 spending plan with Treasury's Deputy Director-General for Tax Policy Ismail Momoniat

23 Feb 2022 10AM 14 min

The rand’s reaction to the Budget Speech

Business Day TV speaks to Andre Cilliers from TreasuryOne about the rand's reaction to the national spending plan

23 Feb 2022 9AM 4 min

SUPER GROUP BOOSTED BY NEW ZEALAND ACQUISITION

A recent acquisition and a better-than-expected performance from Super Group's South African consumer facing business gave it's half-year performance a boost. The logistics and transport services company has delivered a 8.4% increase in revenue and a 19.6% rise in headline earnings per share. Business Day TV discussed the performance with…

22 Feb 2022 8AM 7 min

What to expect from Budget 2022

Finance minister Enoch Godongwana is expected to present a 'good news' budget, as the commodity price windfall is set to boost government's revenue and further assist in improving the budget deficit. Business Day TV spoke to RMB Economist Mpho Molopyane, about her Budget 2022 expectations.

22 Feb 2022 8AM 6 min

Higher iron ore prices boost Kumba

Investors in Kumba Iron Ore are due a hefty pay out. The group's total dividend for 2021 grew by more than two thirds, as the miner benefitted from higher iron ore prices and which helped push headline earnings per share up by 46%. Business Day TV spoke to CEO Mpumi…

22 Feb 2022 7AM 9 min

Budget 2022 preview

What do they say about statistics being like bikinis, conspicuous for what they conceal more than reveal? One could argue the same thing about South Africa’s recent revenue windfall, which, to some, will paper over the cracks in SA’s fiscal position. But peel away that temporary largess and the facts…

22 Feb 2022 3AM 27 min

Amplats benefits from higher platinum output and prices

Increased platinum production and higher prices have given Amplats a boost. The miner has posted a 160% surge in earnings and lifted its full-year dividend by a record 558%. Business Day TV unpacked the performance with CEO Natascha Viljoen.

21 Feb 2022 9AM 7 min

Sasol withholds interim dividend

Sasol has decided to hold onto its half year dividend,. The chemicals and energy group has reported a 21% slump in headline earnings per share, after the benefits of surging energy prices and a recovery in demand were offset by operational issues. Business Day TV spoke to CEO Fleetwood Grobler…

21 Feb 2022 9AM 9 min

Payments Scramble On For Africa

The prospect of a cashless Africa has triggered a scramble for control of its payments plumbing. The continent’s top telecoms operators have become big financial players thanks to their “mobile money” networks, which provide basic banking to tens of millions through handsets. If China is a guide, that could make…

21 Feb 2022 4AM 26 min

Watch: Budget 2022 - Will it be enough to revive South Africa’s economy?

Finance Minister Enoch Godongwana, will deliver his inaugural National Budget Speech on 23 February. The budget, which aims to strike a balance between competing national spending priorities, comes at a time when South Africa’s economic recovery faces fresh challenges. Business Day TV spoke to Deborah Tickle, Saica Member and Adjunct…

18 Feb 2022 6AM 11 min

The Week In Perspective

What do they say about statistics being like bikinis, conspicuous for what they conceal more than reveal? One could argue the same thing about South Africa’s recent revenue windfall, which, to some, will paper over the cracks in SA’s fiscal position. But peel away that temporary largess and the facts…

18 Feb 2022 3AM 27 min