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Podcasts

Pros and Cons of Youth Wage Subsidy

Tue, 15 May 2012
According to the National Treasury's own forecasts, the Youth Wage Subsidy would benefit a young South African jobseeker every three and a half minutes. The policy was originally proposed in Parliament in October 2009 and was formally announced by President Jacob Zuma on 11 February 2010. We take a look at the pros and cons of the youth wage subsidy with John Botha, General Manager of PMI.

Kenya signs $600 million syndicated loan agreement

Tue, 15 May 2012
Plans by the Kenyan government to borrow $600mln from international banks to finance revenue shortfall in last year's budget have succeeded. The proceeds from the syndicated loan are also said to boost the Central Bank's foreign exchange reserves and increase liquidity as foreign exchange is converted into local currency and spent by the government. For more ABN’s Larry Madowo speaks with Victor Williams, Regional Director of Corporate & Investment Banking at Standard Bank.

Coronation Interim Results with CEO Hugo Nelson

Tue, 15 May 2012
Coronation Fund Manager's first half revenue increased 11% to R912 million. The company says all areas of the business benefited from inflows over the period, with the retail business in particular continuing to receive strong support. To delve deeper into the numbers ABN’s Dave Williams speaks with Coronation CEO, Hugo Nelson.

Nigeria Petrol Bill with President Goodluck Jonathan

Mon, 14 May 2012
A $6.8 billion fuel subsidy fraud scandal is heaping pressure on Nigerian President Goodluck Jonathan to prosecute top officials or face protests. This amid growing security concerns as Boko Haram continues to terrorise the West African nation. ABN’s Frederic VandeVyver caught up with Nigerian President Goodluck Jonathan for more.

Global FDI Inflows with Stanbic’s Anthony Mwithiga

Mon, 14 May 2012
Stanbic has reported that Africa received 3.5% of global FDI inflows in 2011, which is the lowest share of global FDIs. In Kenya specifically, between 1997and 2011, FDIs were about 0.6% of GDP, below the African average of 1.7%. For a closer look at the study ABN’s Samantha Loring chats with Anthony Mwithiga, CIO at Stanbic Investments.

Netcare Interim Results with CEO Richard Friedland

Mon, 14 May 2012
South Africa's second-biggest hospital group Netcares' first half adjusted headline earnings per share increased 16% to 51.9 cents. Revenue in both South Africa and the UK grew in its respective local currencies with total revenue rising 11% to R12.6 billion. Currency conversions favourably impacted group revenue by R630 million. The group declared a gross dividend of 22 cents. ABN’s Samantha Loring unpacked the numbers with Richard Friedland, CEO of Netcare.

Astral Interim Results with CEO Chris Schutte

Mon, 14 May 2012
Poultry producer Astral Food's first half headline earnings per share dipped 18 percent to 522 cents, as the increases in feed and other input costs were not all recovered in selling price increases. Revenue climbed 16% to R4.8 billion due to increased volumes and higher sales volumes from all business segments. ABN’s David Williams spoke with Astral Foods CEO Chris Schutte about their numbers and what they see for the remaining year.

Sappi Q2 Results with CEO Ralph Boettger

Thu, 10 May 2012
Paper company SAPPI swung to a second quarter earnings per share of 11 US cents from their previous loss per share of 14 US cents year on year. The company cited good improvements on their European and North American businesses. For a look at the numbers SAPPI's CEO Ralph Boettger joins ABN’s David Williams on the line from London.

Safaricom FY Results with CEO Bob Collymore

Thu, 10 May 2012
Safaricom, Kenya's top telecoms operator, posted a 5.4% fall in full-year pretax profit due to higher financing costs and the impact of foreign exchange volatility. The company, part owned by Britain's Vodafone, said pretax profit dropped to KSh17.37 billion after it faced stronger competition, as well as inflation. Safaricom CEO Bob Collymore joins ABN’s Eleni Giokos from Nairobi for more.

Spar Interim Results with CEO Wayne Hook

Wed, 09 May 2012
Spar's first half headline earnings per share ticked up 9.1 percent to 305.4 cents, due to an under provision for tax in the prior period. The grocery retailer says that consumers remained under pressure during the period but this was partly countered by higher internal inflation of 7.2%. Spar has declared an interim dividend of 155 cents. For more details on the results ABN’s David Williams is joined by company CEO Wayne Hook.

Harmony Q3 Results with CEO Graham Briggs

Wed, 09 May 2012
Harmony's third quarter headline earnings per share slipped 3.3% to 234 cents quarter on quarter, as the group experienced safety stoppages as well as festive season and public holiday disruptions associated with the March quarter. Gold production decreased by 18% to 8753 kilograms mostly due to high rainfall in Papua New Guinea which impacted production at Hidden Valley. ABN’s David Williams gets some in-depth perspectives on the miner with the company's CEO, Graham Briggs.

KT Corporation Agrees on 20% Telkom Stake

Tue, 08 May 2012
KT Corporation, South Korea's biggest phone and Internet provider, has reached an agreement with Telkom SA, to buy a 20% stake in the teleco operator for 1.08 billion rand less than initially indicated. KT, plans to pay R25.60 a share as opposed to the initial offer of 36 rand-a-share which was announced in October last year. For more ABN’s Eleni Giokos is joined by Dobek Pater, Telecoms Analyst at Africa Analysis.

IHS Growth Strategy with CEO Isaam Darwish

Tue, 08 May 2012
Nigerian telecoms infrastructure firm IHS is set to conclude at least three separate deals with African operators this year to build and lease back 1,000 towers. IHS manages 4,000 tower sites in Nigeria, Ghana, Sudan and South Sudan and also owns 900 sites it leases to operators and manages on their behalf. For more on the company's growth strategy, the company's CEO Issam Darwish joins ABN’s Eleni Giokos from Lagos.

MTN Sanctioned by NCC for Poor Service

Fri, 04 May 2012
Nigeria’s largest telecom operator MTN has been sanctioned by the Nigeria Communication Commission for poor phone services in the past week. ABN’s David Williams chats with Tony Ojobo, a Director at the NCC about this and the Commission’s plans to enforce stricter regulations for poor quality service across all networks in Nigeria.

Kagiso April PMI Data with Abdul Davids

Wed, 02 May 2012
The seasonally adjusted Kagiso Purchasing Managers Index fell for the second consecutive month, declining by 1.4 index points to reach 53.7 in April this year. This is attributed to a slight easing in demand. Joining ABN’s Samantha Loring on the data is Abdul Davids, Head of Research at Kagiso Asset Management.

Further Acceleration for House Prices in April

Wed, 02 May 2012
The FNB House Price Index showed a further acceleration in April, up from a revised March growth rate of 8.1% to 8.6% year-on-year. This is the highest year-on-year growth since June 2010. ABN’s David William unpacks this data further with John Loos, Household and Property Sector Strategist at FNB.

SA Eligible for WGBI Inclusion

Tue, 17 Apr 2012
The South African Government Bond Index satisfies all three of the World Government Bond Index's requirements - Size, Credit Quality and the Lack of barriers to entry this therefore make South Africa eligible for inclusion in the WGBI. ABN’s David takes a look at what this means for the country with Leon Myburgh, Sub-Saharan Africa Strategist at Citigroup.

Skye Bank FY Results with CEO Kehinde Durosinmi-Etti

Tue, 17 Apr 2012
Skye Bank’s full year pre-tax profits have fallen by 45.5% to 6.51billion naira in 2011. This fall is despite an increase in revenues. ABN’s Uche Okoronkwo unpacks the numbers with the Bank’s CEO, Kehinde Durosinmi-Etti.

Green Office Week 2012 with Wayne Samson

Tue, 17 Apr 2012
In its fourth year, Green Office Week 2012 is an initiative designed to address green issues in the workplace and encourage office workers to adopt practical ways to help the environment. Joining ABN’s Eleni Giokos to give us more on their initiatives is Wayne Samson, CEO of Ellies.

Banking Confidence for Q1 2012 with Emilio Pera

Tue, 17 Apr 2012
In a survey released by Ernst & Young, indications were that banking confidence has risen in the first quarter of 2012, following gains in the last quarter of last year. The survey found that confidence rose in both the retail and corporate segments of the market. Joining ABN’s David Williams for a look at this survey and more is Emilio Pera, Lead Banking & Capital Markets Director at Ernst & Young.

Video

Highlights of Inaugural All Africa Business Leaders Awards 2011
-Mon, 20 Feb 2012
SA Tourism Reveals new “sho’t left” Campaign
-Wed, 15 Jun 2011
Blue Financial Services FY Results with CEO Johan Meiring
-Wed, 01 Jun 2011
Coronation’s Global Emerging Markets Flexible Fund
-Fri, 27 May 2011

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