Business News Leaders

Aveng is profitable for a fifth consecutive period

Aveng has posted a 353% surge in interim headline earnings driven by a boost from the Australian market. This is the group’s fifth consecutive profitable period post a construction industry slump. Business Day TV unpacked the performance with company’s CEO Sean Flanagen.

21 Feb 2023 8AM 8 min

Focus on Gauteng's political landscape

Gauteng Premier, Panyaza Lesufi, has presented his first state of the province address. The address outlines ambitious plans for how the province plans to tackle crime. This, after Gauteng recorded the second-highest number of multiple murders in the country, with other crimes also on the rise. On the other hand,…

21 Feb 2023 8AM 9 min

Share buybacks continue to boom in 2023

A number of firms globally appear to be cash flush, amid record share repurchase programs. In 2022 companies bought stocks worth $1.2 trillion and analysts expect firms to exceed this record in 2023. Business Day TV discussed the buyback trend with Adrian Saville, Investment Specialist at Genera Capital and a…

20 Feb 2023 12PM 11 min

Amplats' full year performance loses shine

Anglo American Platinum's full-year performance took a knock. The miner's posted a 38% plunge in annual profit after a two month delay in its smelter rebuild hit sales. Amplats CEO Natascha Viljoen joined Business Day TV to unpack the numbers.

20 Feb 2023 11AM 8 min

Trade of the week - Cigna Corporation | Advanced Micro Devices | Blackstone Inc

On Trade of the Week, Unum Hedge Fund Manager, Loyiso Mpeta provides technical analysis of Cigna Corporation, Advanced Micro Devices and Blackstone Inc.

20 Feb 2023 8AM 13 min

Illegal mining forces residents to sell their homes

With illegal mining on the rise in SA, a serious risk to the sustainability of the mining sector arises. This has now started to affect other sectors with City Power substations at risk of collapsing, and some residents forced to sell their homes - in fear for their safety. The…

20 Feb 2023 8AM 8 min

Budget 2023 - What to expect

Finance Minister Enoch Godongwana will deliver the National Budget speech on the 22nd of February, against the backdrop of rising inflation, high interest rates and persistent power cuts. Business Day TV spoke to Pieter Faber, Senior Tax Executive at SAICA, for a look at his Budget 2023 expectations.

17 Feb 2023 10AM 9 min

The hypocrisy behind Greylisting

The Financial Action Task Force is set to hold a plenary in which it will decide on whether to put South Africa on a greylist of countries that have failed to meet the required standards. Ann Crotty, Writer-at-large for Financial Mail, spoke to Business Day TV to unpack what she…

17 Feb 2023 9AM 8 min

Crytpo chat - Bitcoin shrugs off US crackdown

Cryptocurrency prices have ticked up, shrugging off the tougher regulatory stance from the US government. Business Day TV spoke to the South African Country Manager at Luno, Christo de Wit for detail.

16 Feb 2023 12PM 4 min

What is behind the recent tech stock rally?

Analysts are growing weary of the US tech sector, despite the recent rally. Business Day TV caught up with Oanda's Senior Markets Analyst Craig Erlam for a look at whether the rally can be sustained even as the pessimism persists.

16 Feb 2023 11AM 7 min

Replacing de Ruyter - who dares apply?

The hunt for South Africa's next power utility CEO has begun. Eskom recently published the CEO job spec on its website with hopes to have the right candidate by April. Trade union federation, Cosatu, has urged government to request outgoing Eskom chief executive, Andre de Ruyter, to remain at the…

16 Feb 2023 8AM 7 min

Emira ups dividend by 17.4% after distributable earnings jump

Emira Property Fund has lifted its dividend by over 17% after posting a 15% rise in half-year distributable earnings as it benefited from its strong geographic diversification. Business Day TV spoke to CEO Geoff Jennett for more detail.

15 Feb 2023 12PM 8 min

Higher bullion prices give DRDGold a boost

DRDGold has posted a 7% jump in interim headline earnings per share, as it benefited from strong gold prices during the period which offset the impact of load-shedding on most of its operations. Business Day TV discussed the company's performance with CEO Niël Pretorius.

15 Feb 2023 10AM 8 min

Budget 2023 - What to Expect

Finance Minister Enoch Godongwana will deliver the National Budget Speech on 22 February 2023, which aims to strike a balance between competing spending priorities and limited resources. Business Day TV spoke to Business Day's Editor-at-large, Hilary Joffe, about her budget expectations.

15 Feb 2023 8AM 8 min

The diamond industry shines bright

The diamond market is still shining bright, with research showing that the industry will grow from $2.4 billion in 2022 to $2.5 billion this year. This is largely due to the increasing population in developing countries such as China and India. Business Day Tv caught up with a player in…

14 Feb 2023 12PM 8 min

Interest in retail bonds grows

Investors have been eyeing government backed retail bonds, saying returns are greater as they are less likely to default. Business Day Tb unpacked the pros and cons with RMB's Fixed Income & Currency Analyst, Kim Silberman.

14 Feb 2023 12PM 3 min

Looking into the cost of love

It's Valentine's Day and love might not cost a thing but, this year's comes against the backdrop of economic strains. However, the Floral industry is always in full bloom but do we have the financial means to support this year? Business Day TV stepped out to hear what you think…

14 Feb 2023 10AM 11 min

Is it too late to save South Africa's SOEs?

South Africa's state-run companies have fallen victim to operational inefficiencies, financial mismanagement and poor governance. This includes Eskom, SAPO, Prasa, Transnet and SAA. Mark Barnes, former CEO of the SA Post Office; Bheki Mfeka, former economic advisor to the Presidency and Dawie Roodt, Chief Economist at Efficient Group joined Business…

13 Feb 2023 1PM 19 min

Unpacking Section 12B tax incentive

South Africans are in for a tax break, that's as the government introduced Section 12B - which allows for a tax deduction for certain qualifying assets used for electricity generation from renewable sources. Business Day TV caught up with CEO & Co-founder of Grovest Jeff Miller for more of the…

13 Feb 2023 12PM 6 min

Italtile records a dip in profit

Italtile has had a tough six months. During the half-year period the group reported a 6% decline in headline earnings per shares as the home improvement trend continued to wane. Business Day TV spoke to the company's CFO, Brandon Wood.

13 Feb 2023 12PM 8 min