Business News Leaders

Shedding light on load-shedding with Ramokgopa

Ending load-shedding is his primary duty, his job is not permanent and the hope is that power cuts aren’t either. Business Day TV spoke to SA’s Minister of Electricity for more detail on his mandate and the task ahead.

16 Mar 2023 9AM 20 min

Growthpoint ups interim dividend by 4.6%

Growthpoint has lifted it interim dividend by 4.6% off the back of a rise in net property income, and higher operating profit. Business Day TV unpacked the performance with CEO Norbert Sasse.

15 Mar 2023 1PM 9 min

Stadio delivers bumper annual earnings

Cost control measures and higher enrolment numbers gave Stadio's full-year performance a boost. The private higher education group has posted a revenue increase of 11% while core headline earnings jumped 18%. This helped Stadio lift its final dividend by 89% to 8.9 cents. Business Day TV spoke to the company's…

15 Mar 2023 12PM 5 min

Mozambique: Cyclone Freddy – weathering the economic storm

The World Bank expects Mozambique to grow by 6% between 2023 and 2025 with LNG output increasing that prospect to 8% but with cyclone Freddy hitting the nation, can Mozambique weather the economic storm? Business Day TV spoke to Ridle Markus, SSA Macroeconomist at Absa CIB for his take.

15 Mar 2023 8AM 8 min

Joburg Revenue Flow At Risk Amid Flight From Eskom Power Cuts

Joburg Finance MMC Dada Morero told Business Day that the move to alternative energy sources is expected to put the squeeze on funds flowing to the city's power distribution utility. City Power is one of the biggest contributors to the city's total revenue, representing 43.8% in 2022. Business Day TV…

15 Mar 2023 8AM 9 min

HomeChoice gives shareholders a reason to smile

HomeChoice has more than tripled its final payout, dishing out a dividend of 77 cents per share. This comes as headline earnings per share grew close to 42% during the full year period. Business Day TV spoke to the company's CEO Sean Wibberley for more insight on the performance.

14 Mar 2023 1PM 8 min

Mining and manufacturing sectors start 2023 on the backfoot

The manufacturing and mining sectors have started the year on the backfoot, with factory activity slipping 3.7% and mining output declining 1.9% in January. Business Day TV caught up with RMB's Foreign Exchange Structurer, Rayno Nigrini for his take on what this could mean for growth in the first quarter.

14 Mar 2023 1PM 5 min

Tshwane's political instability

Cope's Murunwa Makwarela has resigned after presented a fake document of rehabilitation claiming he was not insolvent. On the other hand, ATM councillor, Mncedi Ndzwanana has been elected Tshwane council speaker, another loss for the Da-led coalition. The coalition, with a solid majority, expected would to clinch the speaker position…

14 Mar 2023 10AM 8 min

Old Mutual reports 10% rise in profit as mortality claims fall

Old Mutual has benefitted from a drop in mortality claims. The insurer saw a 10% rise in annual headline earnings and kept its dividend unchanged as the outlook on economic conditions remains dim. Business Day TV spoke to the company’s CFO, Casper Troskie for his assessment of the performance.

14 Mar 2023 10AM 7 min

Sun International’s profit more than doubles

Sun International has more than doubled its full-year profit, with headline earnings per share coming in at 226 cents. The performance comes as the casino, gaming, and hotel group benefitted from a rebound within the travel industry, as pandemic related restrictions eased. Business Day TV unpacked the results with company's…

13 Mar 2023 1PM 6 min

Absa delivers profit bump

Absa has delivered a 15% rise in annual revenue and a near 14% increase in headline earnings per share, as the lender benefitted from higher interest rates. Business Day TV spoke to Absa's Financial Director, Jason Quinn for more on the performance.

13 Mar 2023 1PM 9 min

Trade Of The Week

On this week's show, founder of Herenya Capital, Petri Redelinghuys joins Business Day TV for a quan-tech-mental analysis on Shoprite, Sibanye-Stillwater and Sun International.

13 Mar 2023 11AM 13 min

Arena's Timeslive Gets A Facelift

TimesLive is looking to explore the possibilities of the digital era. The new upweighted TimesLive experience gives users the opportunity to also enjoy leisure-time entertainment on the platform. Come for the news, stay for the entertainment! Business Day TV spoke to TimesLive Publisher, Bongani Siqoko, on what the group's CEO,…

13 Mar 2023 9AM 7 min

Sanlam weathers a challenging operating environment

Sanlam has delivered an uptick in profit amidst a tough environment. During the annual period, headline earnings per share increased by 3%, and this allowed the financial services group to raise its dividend by 8% to just over R3. Business Day TV spoke to the Financial Director, Abigail Mukhuba for…

9 Mar 2023 11AM 7 min

Unpacking Fortress' interim performance

Property group Fortress Real Estate has recorded overall low vacancies, but it's still unable to pay a dividend, and it's dealing with the fallout of losing its real estate investment trust status. To unpack this in detail, Business Day TV spoke to Fortress CEO Steven Brown.

9 Mar 2023 8AM 7 min

Coronation Plans Constitutional Court Appeal In SARS Tax Battle

Coronation is said to be planning an appeal that will take its tax fight with SARS to the Constitutional Court. This, after the Supreme Court of Appeal ruled in favour of SARS, and decided that Coronation's Irish business qualifies for a tax exemption. The asset manager has been ordered to…

9 Mar 2023 8AM 6 min

Navigating markets in times of uncertainty

ETF markets kicked of 2023 with a bang, as many riskier assets benefited from the reopening of China's economy. Despite the optimism analysts have warned that elevated inflation, high interest rates and the ongoing war in Ukraine still present risks to equity markets. Business Day TV discussed this with Channel…

8 Mar 2023 12PM 5 min

JSE's diversification strategy bears fruit

Despite market turmoil and the delisting trend, the JSE has delivered profit growth. During the annual period headline earnings per share increased by 4% as Africa's largest bourse recorded revenue growth across its business segments. Business Day Tv caught up with CEO Leila Fourie for more on those results.

8 Mar 2023 12PM 8 min

Load-shedding dims business confidence in Q1

Business sentiment remains gloomy. In the first quarter, the RMB/BER Business Confidence Index fell to 36 points from 38 points in the fourth quarter. Owing to severe load-shedding, RMB says the print could have been much worse. Business Day TV unpacked the print in greater detail with Ettienne le Roux,…

8 Mar 2023 8AM 9 min

Shoprite delivers profit bump

Shoprite has delivered a 17% jump in its half-year revenue and a 10.2% rise in headline earnings per share. Despite the strong showing, the food retailer says profits could have been higher if it was not for the back-to-back power outages. Business Day TV spoke to the company's CEO, Pieter…

7 Mar 2023 12PM 8 min