Business News Leaders

Slowing growth set to weigh on rand

Slowing growth locally and globally is weighing on South Africa’s rand, and some economists are forecasting further weakness over the next 12-18 months. Business Day TV discussed this in more detail with RMB's Fixed Income & Currency Analyst, Kim Silberman.

6 Sep 2022 2PM 7 min

Shoprite reports upbeat full-year earnings

Shoprite has delivered double-digit earnings growth. Africa's biggest grocery retailer has reported a 22.5% rise in adjusted headline earnings per share, supported by new store openings, its reward programme and a focus on using data to drive personalised sales and promotions. Business Day TV caught up with the CEO Pieter…

6 Sep 2022 2PM 7 min

Shoprite reports upbeat full-year earnings

Shoprite has delivered double-digit earnings growth. Africa's biggest grocery retailer has reported a 22.5% rise in adjusted headline earnings per share, supported by new store openings, its reward programme and a focus on using data to drive personalised sales and promotions. Business Day TV caught up with the CEO Pieter…

6 Sep 2022 1PM 7 min

SA’s economy shrinks in Q2

South Africa's economy contracted in the three months to end-June, after two consecutive quarters of positive growth. The country’s GDP print for the second quarter revealed a 0.7% decline, as floods, power outages and the global economic slowdown weighed. Business Day TV caught up with Nedbank's chief economist, Nicky Weimar

6 Sep 2022 1PM 8 min

Innovating women in the metaverse

Among the trials and tribulations of the plague years, there was a silver lining. In late 2020, with the approval of covid-19 vaccines, and into 2021, as the jabs worked their magic, techno-optimism began to spread. If people could develop life-saving inoculations in months, why couldn’t the world move out…

6 Sep 2022 8AM 25 min

Trade of Week – JSE clothing retailers

Join Independent Analyst Loyiso Mpeta, as he takes us through what the charts are saying about JSE clothing retailers like Truworths, Mr Price and Foschini.

5 Sep 2022 1PM 12 min

RCL Foods delivers ‘pleasing’ full-year results

RCL Foods has described its annual performance as ‘pleasing’. The food producer has reported a 10.2% increase in revenue and a 9.9% rise in headline earnings per share, supported by a return to profitability in its chicken business, as well as solid showing by its sugar and Vector logistics units…

5 Sep 2022 1PM 7 min

Bidvest pays biggest dividend in seven years

Bidvest has paid its biggest total dividend in seven years. The industrial conglomerate’s pay-out of R7.74 follows trading profit growth of over 23% and a revenue rise of 13%, as the firm's operations continue to bounce back from the impact of Covid-19. Business Day unpacked the performance with CEO Mpumi…

5 Sep 2022 12PM 7 min

Animal Spirits

August saw major reversal of fortunes for the markets after July’s bounce back. A larger majority of investors now believe the global economy is likely to tip into recession within 12 months, according to the latest Bank of America global fund managers’ survey. A net 58% of respondents believe recession…

5 Sep 2022 8AM 25 min

Illicit activity in the cryptocurrency market decreases

Illicit activity in the crypto market has declined. According to Chainalysis, financial crime within this space hit its lowest level in four years in 2022. Business Day TV discussed this with Luno’s Global Head of Financial Crime Eva Crouwel.

1 Sep 2022 2PM 7 min

Santam declares interim dividend despite earnings slump

Santam says the first half of 2022 was one of the most challenging periods in its history, as severe flooding in KwaZulu-Natal, financial market volatility and inflationary pressures caused claim values to spike. The insurer has posted a 53% slump in headline earnings per share, but it has still rewarded…

1 Sep 2022 2PM 7 min

Impala Platinum’s annual earnings fall

Impala Platinum had a tough year. The miner had to contend with lower metal prices, industrial action and power cuts, which resulted in a 9% decline in revenue and a near 17% drop in headline earnings per share. Business Day TV discussed the performance with CEO Nico Muller.

1 Sep 2022 1PM 8 min

Lower metal prices weigh on ARM

African Rainbow Minerals has recorded a double-digit slump in annual profit. The diversified miner’s posted a 13% drop in headline earnings, driven by lower metal prices. Business Day TV unpacked the results with ARM’s CEO Mike Schmidt.

1 Sep 2022 1PM 7 min

The week in perspective

Happy spring Day Sadly, it’s not so happy for markets with stocks staggering into September this morning with the dollar spiking as investors greeted Spring in the southern hemisphere and autumn in the northern by selling everything that was not nailed down after a month battered by concerns about aggressive…

1 Sep 2022 7AM 26 min

Murray & Roberts posts near 37% jump in revenue

Murray & Roberts has delivered a solid annual performance, despite the impact of the pandemic and the war in Ukraine. The multinational engineering and contracting group's posted a near 37% jump in annual revenue and says its strategic efforts over the past five years are bearing fruit. Business Day TV…

31 Aug 2022 12PM 8 min

Local bonds trade weaker

South African bonds have taken a knock as slowing growth concerns continue to spook investors. Business Day TV discussed the moves playing out in that space with RMB’s Bond Trader, Gordon Kerr.

31 Aug 2022 12PM 6 min

Aspen posts double-digit earnings growth

Aspen has delivered double-digit earnings growth, despite a challenging trading environment characterised by inflationary cost pressures. The pharmaceutical firm has reported a 31% increase in annual headline earnings per share and has hiked its dividend by 24% to R3.26.

31 Aug 2022 12PM 8 min

Higher costs weigh on Harmony Gold

Higher costs, lower production and impairments losses weighed on Harmony Gold during its full-year period, and resulted in a 49% slump in headline earnings per share to 499 cents. Business Day TV discussed the company’s performance with CEO Peter Steenkamp.

30 Aug 2022 1PM 8 min

Brimstone's operating profit dips as fair value gains on listed investments fall

Lower fair value gains on Brimstone’s listed investments weighed on the company during its half-year, and contributed to Brimstone’s operating profit pulling back by 4% to R279.3 million. Business Day TV spoke to Mustaq Brey, CEO of Brimstone for his perspective on the group’s performance.

30 Aug 2022 1PM 7 min

Stadio boosted by distance learnings uptake

Stadio’s distance learning enrolments are growing. The private tertiary education group says uptake in that category increased by 17% during its interim period, outperforming contact learning. The growing student base helped lift Stadio’s revenue by 12.6%, with after tax profit jumping 23.5%. Business Day TV discussed the group's performance in…

30 Aug 2022 1PM 6 min