Business News Leaders

Pick N Pay bags profit rise, but off a low base

Pick n Pay has bagged a 52.7% rise in profit after tax for the 26 weeks to end-August but the increase comes off a low base as the prior period's performance was hampered by riots in KwaZulu-Natal and restrictions on liquor sales. To unpack the dynamics, Business Day TV spoke…

18 Oct 2022 12PM 8 min

Calgro M3 delivers double digit profit growth

Calgro M3’s residential property business has performed well, further offsetting the poor showing from its memorial parks. During the half-year period the company reported a 5.4% increase in revenue and a 33% jump in headline earnings per share. Business Day TV unpacked the numbers with CEO, Wikus Lategan.

17 Oct 2022 12PM 8 min

Trade of The Week - 17 Oct 2022

In Trade of The Week, Independent Analyst Loyiso Mpeta gives a Quan-tech-mental analysis on The Sherwin-Williams Company, Chevron Corporation, M&T Bank Corporation and Eli Lilly and Company.

17 Oct 2022 9AM 10 min

EU signs off on new crypto law

The European Union is a step closer to regulating the cryptocurrency industry as lawmakers have signed off on regulation that introduces a licensing regime for crypto wallets and exchanges to operate within Europe. Business Day TV looked at the detail of this with the head of legal at Luno, Paul…

13 Oct 2022 12PM 6 min

Karooooo eyes Cartrack subscriber growth

Karooooo says it hopes to expand the number of Cartrack subscribers by close to a fifth in its 2023 financial year as it looks to position itself as a leading global mobility software-as-a-service platform. Business Day TV took a closer look at these ambitions with the group's CEO, Zak Callisto.

13 Oct 2022 12PM 7 min

African Bank gets all approvals for Grindrod Bank transaction

African Bank says that all the conditions precedent to the Grindrod Bank transaction have been met and all regulatory approvals have been obtained. This sets the stage for the merger to now take place. Business Day TV caught up with Zwelibanzi Manyathi, group executive for business banking at African Bank…

13 Oct 2022 11AM 8 min

US-China tech war escalates

In a move that has ramped up tensions between Washington and Beijing, the US has implemented new export control measures which have knocked the semiconductor industry. Business Day TV discussed this in detail with the Head of Product at Prescient China, Tian Pan.

12 Oct 2022 12PM 6 min

Is the UK on the brink of a recession?

The UK’s economy has unexpectedly contracted, falling 0.3% in August. And this has strengthened predictions that Britain’s economy will fall into a recession. Business Day TV caught up with Senior markets analyst at Oanda, Craig Erlam to discuss the factors weighing on the UK.

12 Oct 2022 12PM 7 min

Strong demand drives Sirius real estate

Sirius Real Estate says it continues to experience rental growth in the UK and Germany, citing high demand. Business Day TV caught up with CEO, Andrew Coombs to discuss whether the momentum will continue as geopolitical uncertainty and high inflation weigh down global economy.

12 Oct 2022 11AM 8 min

RMB launches funding platform to assist agri sector

RMB is stepping in to address food security concerns. The firm has launched a platform that'll assist farmers to gain access to alternative funding as the Land Bank struggles to pour more money in that sector. Business Day TV spoke to RMB's Senior Coverage Banker, Wimpie Snyman for more detail.

11 Oct 2022 12PM 5 min

AfroCentric mulls Sanlam offer

AfroCentric is mulling an offer from Sanlam. The financial services group, that is already invested in one of AfroCentric's subsidiaries has offered to acquire a controlling stake in the firm. Sanlam is offering R6 per share, and shareholders have an option to choose between cash or receiving Sanlam shares. Business…

11 Oct 2022 12PM 7 min

NYSE and JSE to collaborate on dual listings

The New York Stock Exchange and the Johannesburg Stock Exchange have signed a memorandum of understanding ont he dual listing on both bourses. For more detail on how this will work, Business Day TV spoke to the JSE's chief of staff Fatima Laher.

11 Oct 2022 12PM 4 min

Is SA on the brink of collapse?​

Efficient Group chief economist Dawie Roodt says South Africa is showing signs of a failed state and is basically at ground zero. Business Day TV unpacked this with Roodt in more detail.

10 Oct 2022 12PM 7 min

Satawu to join Transnet strike

Transnet's application to interdict a strike by members of the SA Transport and Allied Workers Union has been thrown out by the labor court. The union is now set to join the strike. SATAWU spokesperson Amanda Tshemes spoke to Business Day TV to detail the union's position.

10 Oct 2022 11AM 7 min

Trade of the Week

Join Petri Redelinghuys from Herenya Capital as he details what he's picking as his trade of the week.

10 Oct 2022 10AM 11 min

Opec+ slashes oil production

Oil prices have soared after Opec+ agreed on slashing production by 2 million barrels per day. Business Day TV discussed what this move means for oil markets going forward with David Elmes from the Warwick Business School.

6 Oct 2022 1PM 8 min

Richards Bay Minerals turns to renewable solar power as Eskom struggles t

Rio Tinto's South African unit, Richards Bay Minerals has taken its first step towards reducing carbon emissions through the use of renewable solar power. The mining group has agreed on a landmark deal with international energy company Voltalia. This will also work as an alternative electricity supply as South Africa's…

6 Oct 2022 11AM 7 min

Africa’s Pulse: Sub-Saharan Africa's Difficult Road to Recovery

The World Bank says out-of-control inflation is taking its toll on South Africa and other Sub-Saharan countries, but there is not enough fiscal space to respond. The Bank has further urged African Governments to restore macro-economic stability and protect the poor in a context of slow growth and high inflation…

5 Oct 2022 1PM 7 min

Strong fundamentals underpin Equites' performance

Equites Property Fund’s focus on logistics property is paying off. During the interim period the company reported a 4.1% rise in distributions per share while vacancy rates remained low at 0.1%. Business Day TV unpacked the results with CEO, Andrea Taverna-Turisan.

5 Oct 2022 12PM 8 min

Africa’s Pulse: Sub-Saharan Africa's Difficult Road to Recovery

The World Bank says out-of-control inflation is taking its toll on South Africa and other Sub-Saharan countries, but there is not enough fiscal space to respond. The Bank has further urged African Governments to restore macro-economic stability and protect the poor in a context of slow growth and high inflation…

5 Oct 2022 11AM 7 min