Business News Leaders

The Week in perspective

Three major global problems have dominated headlines and weighed on markets. First, supply-chain snarls are straining everything from USPS delivery to Grape Nuts availability. Second, a chip shortage is slowing production of GM trucks, gaming consoles, and lots more. Third, a surge in ransomware cyberattacks has disrupted a large variety…

15 Oct 2021 7AM 25 min

Joffe switches roles at Long4Life

Brian Joffe will be switching roles at Long4Life. He will step down as CEO at the end of February and taking up the Chairman position at the lifestyle-focused firm. Alishia Seckam discussed the changes at the company with Anthony Clark from Small Talk Daily

14 Oct 2021 12PM 4 min

PSG Group is back in the black

PSG Group has returned to profitability. The group's interim headline earnings per share is at R18.04, marking a solid recovery from a previous loss of over R14. Despite the gains PSG has opted not to declare a dividend. Alishia Seckam unpacked the performance with the company's CEO Piet Mouton

14 Oct 2021 12PM 7 min

COP26 | THE CLIMATE FINANCE FIGHT

You’re watching Climate Conversations on Business Watch with Michael Avery, as we build up to COP26 to discuss whether we’re turning the tide on climate change brought to you by Investec .... So far, we’ve spoken to Environmental Affairs Minister Creecy about what the overall focus is for the South…

14 Oct 2021 7AM 25 min

South Africa’s financial market shows resilience

South Africa’s financial market has continued on a path of growth despite a weak economic environment. The country has maintained its lead in the ABSA Financial Markets Index for 2021, largely due to its market depth and access to foreign exchange​. Zinathi Gquma spoke to Anthony Kirui, Head of Markets…

13 Oct 2021 1PM 6 min

Global chip shortage to continue into 2022

The global chip shortage could last longer than expected. Analysts say the deficit could continue into 2022 as demand outweighs supply, leading to major delays in the manufacturing of car parts and consumer electronics. Alishia Seckam spoke to Victor Maphunga from Old Mutual Private Client Securities for his view on…

13 Oct 2021 1PM 3 min

Equites and Eskom’s pension fund form R1.45bn joint venture

Equites Property Fund has entered a R1.45 billion joint venture with Eskom's Pension and Provident Fund. Equites says the deal is in line with its plans to diversify its funding streams. Alishia Seckam spoke to Equites CEO Andrea Taverna-Turisan for more detail

13 Oct 2021 1PM 6 min

SAA - new airline with old problems?

Revamped national carrier South African Airways (SAA) is back in business after a lengthy business rescue process but unions say there are major issues at SAA that need to be addressed and so launched strike action. Alishia Seckam spoke to the chair of the South African Cabin Crew Association, Christopher…

13 Oct 2021 1PM 7 min

Mining, manufacturing’s impact on GDP outlook

Production growth in South Africa’s mining sector eased in August, while activity in the manufacturing sector picked up pace. On an annual basis, mining output rose by 2% and factory activity ticked up by 1.8%. Alishia Seckam discussed the impact these prints could have on growth with RMB's South Africa…

12 Oct 2021 1PM 4 min

Murray and Roberts buys JJ White to bolster presence in North America

Murray and Roberts is expanding its offering in North America. The group has acquired multi-trade contractor, JJ White in a deal worth R425 million . Alishia Seckam discussed the acquisition and its merits in greater detail with Henry Laas, CEO of Murray & Roberts

12 Oct 2021 1PM 7 min

DBSA secures R3billion to fund renewable energy

The Development Bank of Southern Africa (DBSA) has secured a R3 billion loan from Pacific Investment Management. The funds will be used to refinance debt that DBSA has in renewable projects, and will also go towards investing in ventures that are focused on generating additional capacity. Alishia Seckam spoke to…

12 Oct 2021 1PM 5 min

WATCH: From good to great for GUDGU

Capetonians Pieter du Plessis and Viljoen de Kock, from GUDGU, manufacturers of sugar-free cordials have won big in South African’s biggest online pitching competition, winning R1 million in prizes, providing quite a sweet boost for their business. The GUDGU owners will receive R650 000 in cash paid out over two…

12 Oct 2021 7AM 25 min

WATCH: Why business confidence has dimmed

Business confidence fell in September as retail sales declined and manufacturing output contracted, according to data from the South African Chamber of Commerce and Industry (Sacci). The body says that energy and water supply concerns were also major contributors to a wary business outlook. Alishia Seckam spoke to Sacci chief…

11 Oct 2021 2PM 7 min

WATCH: Is SA's tourism sector set for a recovery?

The outlook for South Africa's tourism sector has brightened after the UK decided to remove the country from its red list. Alishia Seckam spoke to Sun International CEO Anthony Leeming for his view on what move will mean for the firm and the sector as a whole

11 Oct 2021 2PM 5 min

WATCH: How are mining companies embedding ESG into their corporate DNA and strategy?

"The topic that is on everyone’s mind in mining this year seems to be ESG (environment, social & governance) and its impact on the industry. As of last year, it is estimated that US$40 trillion worth of financial assets are being run with an ESG mandate, which begs the questions:…

11 Oct 2021 7AM 26 min

WATCH: How infrastructure investment will boost SA’s economy

South Africa’s economy has been hard hit by Covid-19 as lockdown measures have reduced activity but government is hoping that investment in infrastructure will create jobs and give the economy a much needed boost. Business Day TV spoke to Nedbank economist Isaac Motshego for more detail

8 Oct 2021 10AM 5 min

WATCH: Week in perspective

"This week energy chickens have come home to roost as the trade-offs of transitioning to a greener economy were laid bare in the way various energy markets reacted. It’s nearly half a century since the Organisation of the Petroleum Exporting Countries imposed an oil embargo on America, turning a modest…

8 Oct 2021 8AM 13 min

Watch: Nissan sees signs of recovery

South Africa’s automotive sector felt the Covid-19 pinch but Nissa says it’s seeing signs of recovery despite some supply chain disruptions. Zinathi Gquma spoke to Mike Whitfield, the Managing Director at Nissan Africa for more detail on the company’s outlook.

7 Oct 2021 1PM 6 min

Watch: Steinhoff saga - liquidation vs. settlement

Steinhoff has inched closer to putting it's 2017 accounting irregularities scandal behind it. The embattled company's settlement plan has been approved by a Dutch court but it is dependent on the deal becoming law in South Africa. Alishia Seckam spoke to Candice Hunter-Linde, Litigation Director at DM5 Incorporated for more…

7 Oct 2021 1PM 4 min

Watch: Fueling a post-pandemic recovery

The World Expo, taking place in Dubai, marks the first major global event open to visitors since the Covid-19 pandemic hit and seeks to boost trade and investment. Alishia Seckam spoke to Lerato Mataboge, the Deputy Director-General at the Department of Trade, Industry and Competition for a closer look at…

7 Oct 2021 1PM 10 min