Business News Leaders

Grindrod narrows its annual headline loss

Grindrod says its core businesses delivered a robust performance during its full-year as its ports, terminals and logistics units recovered in the second-half. Business Day TV's Alishia Seckam unpacked the performance with CEO Andrew Waller

5 Mar 2021 1AM 4 min

A Year of Covid 19

In the last 12 months we’ve seen the public sector wage bill balloon to 47% of government revenue, and in the recent budget the Finance Minister took the bold but necessary decision to stick to his guns on public sector wages. This week the public sector unions showed him and…

5 Mar 2021 1AM 25 min

Liberty reports headline loss of R1.54 billion

The pandemic has weighed on Liberty's turnaround plan. The financial services group has reported an annual loss of R1.54 billion, and it does not expect the current climate to improve in the short-term. Business Day TV's Alishia Seckam unpacked Liberty's annual performance with its CEO David Munro.

4 Mar 2021 1AM 8 min

FirstRand eyes economic recovery

FirstRand is cautiously optimistic about an economic recovery. The banking group has declared an interim dividend amid a 21% decline in normalised earnings. Business Day TV's Alishia Seckam spoke to Alan Pullinger, CEO of FirstRand for more detail.

4 Mar 2021 1AM 6 min

Grindrod narrows its annual headline loss

Grindrod says its core businesses delivered a robust performance during its full-year as its ports, terminals and logistics units recovered in the second-half. Business Day TV's Alishia Seckam unpacked the performance with CEO Andrew Waller

4 Mar 2021 1AM 4 min

Watch: Rebuilding SA’s Soft Power

Michael Avery talks to a panel about the Global Soft Power Summit 2021

4 Mar 2021 1AM 24 min

ARM posts record interim earnings

Diversified miner African Rainbow Minerals, like many of its counterparts, is enjoying the benefit of higher metal prices. ARM has reported a 134% surge in interim headline earnings, allowing the company to double its dividend payout. Business Day TV's Alishia Seckam spoke to Mike Schmidt, CEO of ARM for more.

3 Mar 2021 1AM 7 min

Covid-19 weighs on Brimstone's investments

Brimstone has been hampered by the performance of some of the firms its invested in, and this has resulted in a 1.9% fall in its intrinsic net asset value. Business Day TV's Alishia Seckam discussed the year that was for the company with CEO Mustaq Brey.

3 Mar 2021 1AM 4 min

Murray & Roberts eyes turnaround as order book grows

Murray and Roberts has slipped into the red. The specialist engineering group​​ has reported an interim loss of R167 million but the firm believes a significant turnaround is on the cards, due to the performance of its order book. Business Day TV's Alishia Seckam unpacked the results with CEO Henry…

3 Mar 2021 1AM 7 min

EU highlights obstacles to a bright green economic recovery

This year could be crucial for an inclusive global, green recovery that focuses on renewable energy, green jobs, and ensures social protection for the most vulnerable in South Africa, but, as energy expert Professor Anton Eberhard pointed out in the Sunday Times, Ministers are holding up energy reforms, keeping SA…

3 Mar 2021 1AM 25 min

Calm returns to bond markets

Calm has returned to global bond markets after last week's sell-off and Business Day TV's Alishia Seckam discussed why with Michelle Wohlberg from RMB.

2 Mar 2021 1AM 4 min

DIY demand boosts Cashbuild

The changes brought about by the coronavirus pandemic have had a positive impact on Cashbuild. South Africa's biggest building materials retailer has seen increased demand for DIY items as many people take on projects in their homes to keep busy during lockdown and this has led to the group's profit…

2 Mar 2021 1AM 6 min

Lockdown eats into Spur's profits

Lockdown restrictions weighed on Spur's interim performance. The restaurant franchise owner has reported a 73% plunge in profit, as curfews, social distancing and the ban on alcohol sales reduced trading. Business Day TV's Alishia Seckam spoke to CEO Val Nichas for more detail.

2 Mar 2021 1AM 6 min

What does Level 1 mean for business?

As the lockdown in South Africa from the second wave is eased again and businesses start to re-open fully, ensuring the health and safety of employees and members of the public will be of paramount importance. But firms are grappling with big questions about what this return is going to…

2 Mar 2021 1AM 22 min

Demand for covid-19 related work gives Bidvest a boost

Demand for Covid-19 related work has given Bidvest a boost with revenue during the group's first-half rising 3.4%. Business Day TV's Alishia Seckam spoke to Mpumi Madisa, CEO of Bidvest for more detail.

1 Mar 2021 1AM 9 min

RCL Foods gets sugar kick

RCL Foods has reported a 14% rise in interim headline earnings. The firm says an improved performance by its sugar unit helped offset a poor showing by its chicken business. Business Day TV's Alishia Seckam spoke to CEO Miles Dally for more insight.

1 Mar 2021 1AM 6 min

Hyprop takes a R244 million Covid-19 hit

The pandemic has weighed on Hyprop. The owner of Rosebank Mall and Canal Walk Shopping Centre has reported a 45% plunge in interim distributable income. That’s partly due to rental discounts and lower parking income during the period. Business Day TV caught up with the group's CEO Morné Wilken to…

1 Mar 2021 1AM 4 min

Bonds, budgets and bubbles

Are we in a stock market bubble? And if we are, what should investors do about it? Historically, it's always been hard to know how far a bull market can go. And value has proven to be a very weak read on which to lean, because value can go up…

26 Feb 2021 1AM 25 min

Budget Review – Wrestling the hippo

Government and ANC ideology are a perpetual constraint on business. Take mining for example, the flywheel of this economy. Electricity is the number one issue. The Mining Charter, transport and exploration are second-order issues. Instead of acting, we score more own goals. Against this backdrop, this felt like a no-nonsense…

25 Feb 2021 1AM 26 min

Why Discovery believes it’s well positioned for future growth

Discovery has been hard hit by market volatility with swings in the rand undermining the group’s hedging strategy and contributing to a 10% slide in interim profit. Despite this, the company says it’s well positioned for future growth. Business Day TV unpacked the results in greater detail with CEO Adrian…

25 Feb 2021 1AM 8 min