Business News Leaders

Mpact more than doubles its annual payout

Mpact has more than doubled its annual dividend to 115 cents. The paper and packaging company recorded strong profits on the back of higher demand for paper and plastics in South Africa. Business Day TV unpacked the numbers with CEO, Bruce Strong.

7 Mar 2023 12PM 6 min

South Africa's GDP declines in the fourth quarter

South Africa's economy has taken a knock. During the fourth quarter of 2022, GDP contracted by 1.3%, as all industries took a hit amid continuous power cuts. Business Day Tv unpacked the print with RMB's Economist Siobhan Redford.

7 Mar 2023 12PM 5 min

Cash remains king in Africa

The PwC Strategy's 2022 Open Banking and Payments Survey, shows cash remains the most dominant payment type on the African continent. Respondents were interviewed across three key African economies - South Africa, Kenya and Nigeria. Chantal Maritz, PwC Africa Payments Transformation Leader, said the results highlight the lack of varied…

7 Mar 2023 8AM 8 min

Analysis of Ramaphosa's cabinet reshuffle

President Cyril Ramaphosa has announced his much-anticipated cabinet reshuffle. One of the new appointees, Kgosientsho Ramokgopa, the country's new minister of electricity, is drawing most of the focus as he has been tasked with confronting the load-shedding crisis in the country. Financial Mail's Depuy Editor, Natasha Marrian, joined Business Day…

7 Mar 2023 8AM 11 min

Nedbank posts 20% hike in full-year profits

Nedbank has posted a 20% rise in full-year profit for 2022 thanks to higher interest rates and a rebound in economic activity. But with South Africa's power supply crisis, Nedbank expects the economic environment to remain challenging. Business Day TV hosted Nedbank CFO, Mike Davis, to discuss the detail.

7 Mar 2023 8AM 8 min

Bidvest delivers double-digit profit growth

Bidvest has delivered strong half-year results, reporting a 14% rise in revenue while headline earnings per share came in 15.3% higher. This comes as most of its divisions performed well, with six out of seven divisions achieving real trading profit growth. Business Day TV unpacked the results with CEO, Mpumi…

6 Mar 2023 11AM 7 min

Higher coal and manganese prices boost African Rainbow Mineral's earnings

African Rainbow Mineral's has weathered Transnet issues as well as rising diesel costs. That's as the diversified miner delivered a 40% jump in headline earnings per share, benefitting from higher coal and manganese prices. Business Day Tv caught up with company's CEO, Mike Schmidt for a deeper look into its…

6 Mar 2023 11AM 8 min

Trade of the week

Loyiso Mpeta gives his quan-tech-mental analysis of Multichoice, Adcock and Barloworld.

6 Mar 2023 8AM 13 min

Fintech to drive MTN growth in Rwanda

MTN Rwanda says it expects fintech to be the main driver for its business in 2023. The company is also aiming to achieve 100% population coverage with its network in the East African country. Investment in network and platforms remains a key priority, supporting MTN's strategy to drive digital inclusion…

6 Mar 2023 8AM 6 min

Crypto Chat – Dispelling the myth that crypto is a safe haven for criminals

The common belief is that the lack of regulation around cryptocurrencies makes the asset vulnerable to financial crimes. Crypto exchange, Luno however says that crypto is actually a terrible choice for scammers. Business Day TV dispelled the myth that crypto is a safe haven for criminals with Johan Hetzel, Head…

3 Mar 2023 9AM 7 min

ConCourt rejects Ramaphosa's bid to challenge Phala Phala Report

The constitutional court has rejected President Cyril Ramaphosa's application to challenge the Phala Phala report. The court said it lacked jurisdiction in the matter. The president continues to maintain his innocence, arguing that the panel had relied on "hearsay" and speculation in determining the impeachment case against him. Natasha Marrian,…

3 Mar 2023 8AM 9 min

Impairments eat into Curro's profit

Higher learner enrollment numbers boosted Curro's topline during its financial year. The private school group has delivered a 17% jump in annual revenue, but this did not translate to its bottom line, as impairments and finance costs weighed on the company, resulting in a 6% dip in profit. Business Day…

2 Mar 2023 1PM 8 min

Higher interest rates work in FirstRand's favour

Higher interest rates have given FirstRand a boost. The lender has delivered a 15% jump in headline earnings, which helped it lift its dividend by 20% to 189 cents. Business Day TV discussed the company's performance with CEO Alan Pullinger.

2 Mar 2023 11AM 8 min

Load-shedding dims Implats’ H1 earnings

Implats has been hit by a double-whammy. Persistent power cuts coupled with the rebuilding of a furnace resulted in a 9% drop in the miner’s interim production which is largely responsible for the group’s 2.1% drop in half-year headline earnings per share. Business Day TV unpacked the results in greater…

2 Mar 2023 7AM 11 min

Ten other African countries are on FATF’s Greylist

South Africa recently joined a number of other African countries on the Financial Action Task Force’s Greylist. Morocco, in the meantime, just managed to get off the list after nearly two years of being on it. Business Day TV spoke to Jee-A Van Der Linde, Senior Economist at Oxford Economics…

2 Mar 2023 7AM 8 min

Harmony Gold delivers double-digit profit growth

Higher gold prices have worked in Harmony Gold's favour. The miner has delivered revenue growth of 6% and an increase in headline earnings per share of 18% to 293 cents. Business Day TV unpacked the numbers with CEO Peter Steenkamp.

1 Mar 2023 11AM 7 min

Aspen posts lower half-year profit

Aspen has reported a 15% drop in interim headline earnings per share dropping. The drugmaker says the decline was mainly due to inflationary pressures, supply chain issues as well as the loss of COVID vaccine sales. Business Day TV caught up with the CEO, Stephen Saad for more detail on…

1 Mar 2023 11AM 7 min

Murray & Roberts slips into the red

Murray & Roberts has slipped into the red, and posted an interim headline loss per share of 322 cents. The group says over the past three years, culminating in the last six months, it's suffered the devastating impact of the pandemic and the war in Ukraine, particularly on its Energy,…

1 Mar 2023 11AM 5 min

Opportunities for biofuels in Africa

The net-zero emissions 2050 target has placed alternative energy sources firmly in the spotlight, and biofuel, which is a product of biomass is being eyed as substiute the use of fossil fuels on the continent. Business Day TV spoke to Yaa Ngonyama, Consultant at Frost & Sullivan for more on…

1 Mar 2023 9AM 8 min

Cashbuild's profit slips as home renovations boom fizzles out

Cashbuild has posted a 39% drop in half-year headline earnings per share, amid a decline in home renovations spend. Business Day TV unpacked the performance in greater detail with CEO Werner De Jager.

1 Mar 2023 9AM 6 min