Business News Leaders

Master Drilling posts record revenue

Higher commodity prices gave Master Drilling’s interim performance a boost. The firm has reported record revenue of $96.5 million, reflecting an increase of 34% while headline earnings per share jumped close to 47%. Business Day TV caught up with CEO Danie Pretorius for more detail.

30 Aug 2022 1PM 6 min

Is deterring investment in the public interest?

Last Thursday morning saw the return of dawn raids on eight major insurance companies conducted by the Competition Commission. The commission said it has reasonable grounds to suspect that the insurers have engaged in collusive practices to fix prices and/or trading conditions in respect of fees for investment products such…

30 Aug 2022 8AM 25 min

Walmart offers to buyout Massmart amid widening net loss

Walmart has offered to buy all the shares in Massmart it does not already own. News of the bid accompanied the release of Massmart’s half-year results, which show that the firm’s net loss widened to over R1 billion, despite efforts to turn the business around. Business Day TV spoke to…

29 Aug 2022 1PM 8 min

Sun International resumes dividend payments

Sun International has declared its first dividend in six years. The hospitality group declared a payout of 88 cents, after returning to profitability and delivering adjusted headline earnings of R438 million. It’s performance was supported by an improved operating environment and a significant recovery in gaming income from casinos. Business…

29 Aug 2022 12PM 6 min

Watch: Trade of Week - JSE Retailers and Bidcorp

Join Independent Analyst Loyiso Mpeta, as he takes us through what the charts are saying about JSE Retailers and Bidcorp.

29 Aug 2022 12PM 13 min

Beyond banking

Picture a future in which customers conduct all their financial services through digital wallets handled by nonbanks like Apple, Google, and Uber. Or imagine another potential future, in which a mere handful of mega banks dominate global markets. Or yet another, in which traditional currency fades from relevance, and transactions…

29 Aug 2022 7AM 25 min

Women and investing | closing the gender gap

Financial disparity between men and women still exist. Business Day TV discussed the gender pay gap with Jeanette Marais, Deputy CEO of Momentum Metropolitan Holdings, which results in women earning less and being promoted less often, as well as how this is affects their investment journeys.

26 Aug 2022 11AM 7 min

Improved volumes, prices boost Gold Fields

Gold Fields has grown its half-year attributable headline earnings by 31% and lifted its dividend by 43%, as the bullion producer cashed in on higher prices and improved output. Business Day TV spoke to CEO Chris Griffith for more detail.

25 Aug 2022 1PM 8 min

Sibanye-Stillwater’s earnings slump

Sibanye-Stillwater had a tough first half. The platinum and gold miner’s posted a 52% decline in headline earnings, mainly due to operational issues as it had to contend with strike action at its gold mining operations in South Africa and severe regional flooding in the US. Business Day TV discussed…

25 Aug 2022 12PM 8 min

Slowing home renovation trend weighs on Italtile

Italtile has been hit by a slowdown in the home renovations trend. The ceramic tile and bathroom accessories retailer has reported a 2% decline in annual turnover to R11.3 billion. Business Day TV unpacked the results with Italtile CEO Lance Foxcroft.

25 Aug 2022 12PM 6 min

The week in perspective

Markets have clearly been anxious in the lead up to Jackson Hole, as investors and traders await the next policy clues out of Fed Chair Powell later this week. The declines in equities and bonds of late suggest that Powell will strike a hawkish tone to fight rampant inflation, at…

25 Aug 2022 7AM 25 min

Robust demand for timber and chemicals give Kap Industrial a boost

Kap Industrial has delivered upbeat annual results. The firm has reported a 17% jump in revenue while headline earnings increased by 73% to 74.4 cents, driven by an uptick in demand for timber and chemicals. Business Day TV unpacked the results with the CEO Gary Chaplin.

24 Aug 2022 2PM 6 min

Bidcorp stages a pandemic rebound

Bidcorp has recovered from the impact of Covid-19. The food services group has group reported a 77% jump in annual headline earnings per share, and has lifted its dividend by more than three quarters to R7 per share. Business Day TV spoke to CEO Bernard Berson for more detail.

24 Aug 2022 2PM 7 min

Lower bullion prices, higher costs weigh on DRDGold's annual earnings

DRDGold had a tough annual period. Lower gold prices and increased operating costsåç have led to a profit knock of 22% while headline earnings per share tumbled by a similar margin. The miner slashed its total dividend for the period by a quarter to 60 cents. Business Day TV dug…

24 Aug 2022 2PM 9 min

AI for journalism and Fintechs

We’ve been featuring some of the incredible talent in South Africa working on the bleeding edge of machine learning, artificial intelligence, natural language processing and the convergence of many of the technologies of the future that are going to drive growth. And I’m really looking forward to today’s guests, one…

24 Aug 2022 8AM 26 min

Aveng posts lower annual profit

Construction, engineering and mining group Aveng has reported a 60% slump headline profits for its year to end-June, weighed down by its Africa-focused interests. Business Day TV unpacked the performance in greater detail with company's CEO Sean Flanagan.

23 Aug 2022 1PM 10 min

Surging commodity prices boost Sasol’s earnings

Higher commodity prices have given Sasol a boost. The chemicals and energy group reported a 48% jump in its annual adjusted core profit, which allowed it to reinstate its dividend and declare a payout of R14.70. Business Day TV discussed Sasol’s full-year performance with CEO Fleetwood Grobler.

23 Aug 2022 12PM 7 min

South Africa’s unemployment rate drops

South Africa’s unemployment rate declined to 33.9% in the second quarter in 2022. The country’s labour market added 648 thousand jobs during the period and most of the gains were recorded in community and social services, trade, finance and construction sectors. Business Day TV spoke to RMB Economist Siobhan Redford,…

23 Aug 2022 12PM 5 min

ASISA reports progress on transformation

The first edition of the BEE.conomics Annual Transformation in South African asset management survey was published in 2009 at which time there were just 14 black-owned asset managers who, combined, managed R91 billion. Fast forward 13 years later, and today there are 51 black-owned asset managers managing close to R700…

23 Aug 2022 7AM 27 min

Trade of the Week – JSE Banks

Join Independent Analyst Loyiso Mpeta, as he takes us through what the charts are saying about JSE banks like Nedbank, Absa, Standard Bank and Firstrand.

22 Aug 2022 1PM 11 min