Business News Leaders

Sirius Real Estate resilient amid the pandemic

Sirius Real Estate has raised its annual dividend by over 6%. The business parks operator says it has delivered a set of strong results despite challenging conditions, and is ready to take advantage of acquisition opportunities given its balance sheet strength. Business Day TV unpacked the performance with CEO Andrew…

7 Jun 2021 2AM 7 min

Thungela Resources lists on the JSE

Thungela Resources has joined the JSE. The coal miner is a spin off from Anglo American, and its listing comes as investors and funders increasingly shun fossil fuels due to growing climate change concerns. Business Day TV spoke to CEO July Ndlovu about Thungela's investment case.

7 Jun 2021 2AM 7 min

Steel prices hurt localisation drive

Trade, industry & competition minister Ebrahim Patel stated the obvious in his budget speech recently by saying that “SA’s import to GDP ratio is too high for a country that desperately needs more jobs”. He was also on point in stating that “competitiveness and industrial agility are critical to longer-run…

7 Jun 2021 2AM 24 min

The week in perspective

Two important official documents on how to better manage SA’s unruly public finances have been the National Treasury’s (NT) recent draft framework of a zero-budgeting approach to SA’s fiscal challenges and the Financial & Fiscal Commission’s (FFC) recommendations this week to the NT on the 2022 Budget framework. According to…

4 Jun 2021 2AM 25 min

Why herd immunity remains outside SA's reach

The widely circulating coronavirus variants and ongoing vaccines hesitancy is keeping South Africa’s herd immunity goal out of reach. Scientists and experts are warning that the country will not reach herd immunity this year, or even next year. Business Day TV spoke to vaccinology expert Shabir Madhi to discuss government’s…

4 Jun 2021 2AM 7 min

What to expect from SOEs in the coming weeks

The financial and operational performance of State Owned Enterprises will be highlighted over the coming weeks as SOEs enter another results season. Concerns remain that below par results and operational challenges will further impact South Africa’s under-pressure economy. Business Day TV's Gary Alfonso spoke to Jones Gondo of Nedbank CIB…

3 Jun 2021 2AM 5 min

Salesforce

Caroline Cremen from Adviceworx chose Salesforce as her stock pick of the day. "It's actually a very good day to buy if you're all at your trading systems, it's a company by the name of Salesforce. It's an enterprise software that provides businesses of cloud solutions, I think I've chatted…

3 Jun 2021 2AM 7 min

EVDS = Eventually Very Delayed Shots

As of Tuesday, South Africa had vaccinated over one million people under the Sisonke drive and the Pfizer vaccine rollout. But over 60’s are still waiting weeks for their sms after registering on the electronic vaccination database system (EVDS) and there are reports of people just walking into sites and…

3 Jun 2021 2AM 27 min

Global Bank of Canada

The financial and operational performance of State Owned Enterprises will be highlighted over the coming weeks as SOEs enter another results season. Concerns remain that below par results and operational challenges will further impact South Africa’s under-pressure economy. Business Day TV's Gary Alfonso spoke to Jones Gondo of Nedbank CIB…

3 Jun 2021 2AM 7 min

Spur expands its offering

Spur is expanding its offering. The restaurant chain has been hard hit by various lockdown measures that have kept consumers out of restaurants and it's now opened its first drive through restaurant to broaden its appeal. Business Day TV's Bronwyn Seaborne spoke to CEO Val Nichas for more insight.

3 Jun 2021 2AM 7 min

Jubilee expands footprint in PGM-rich Bushveld Complex

Jubilee Metals has inked a PGM supply agreement which will see the metals processing group expand into the mineral-rich Bushveld Complex. Business Day TV's Bronwyn Seaborne spoke to Leon Coetzer, CEO of Jubilee Metals for more detail on what the deal means for the company.

3 Jun 2021 2AM 5 min

Competition Commission serves up disappointment for Grand Parade

Grand Parade's hopes of selling its struggling Burger King assets to Emerging Capital Partners (ECP) for close to half a million rand has been dashed. The Competition Commission has prohibited the sale due to ECP's lack of diversity arguing that the deal would not serve the public's interest. Business Day…

2 Jun 2021 2AM 6 min

Oil gains on OPEC supply curbs

The oil price continued its upward climb today after OPEC announced that it would be sticking to its plans to gradually restore supply to the market. Business Day TV discussed this in detail with chief commodities analyst at SEB markets, Bjarne Schieldrop.

2 Jun 2021 2AM 4 min

Nobel Prize laureate on the future of work after Covid

As millions around the world try to cope with the disruptions caused by the COVID-19 pandemic, the questions and challenges facing present and future generations of workers are thrown into starker relief. And it's at this time that we must increasingly be led by science. Scientific endevour is enjoying some…

2 Jun 2021 2AM 28 min

Adapt IT bidding war - what's with the Huge offer?

There's a bidding war for Adapt IT. Huge Group has upped its offer for the IT services and software solutions group. The telecommunications player is now offering over R9 a share for Adapt IT as opposed to its initial offer of R5.52 per share. Business Day TV spoke to Huge’s…

2 Jun 2021 2AM 7 min

Animal Spirits

May’s US employment report is the big event in the week ahead, as stocks enter the often-weak month of June. Stocks are finishing May with a mixed performance as the talk is still about when the fed will start tapering and whether inflation is truly transitory this time around as…

1 Jun 2021 2AM 26 min

The Purchasing Managers Index (PMI) compiled by Absa suggests that local factories are in good health as the latest read

The local bond market has shrugged off global inflation fears, with the R2030 firmer at 8.9% . Business Day TV's Alishia Seckam discussed the activity taking place in that space with Michelle Wohlberg from RMB.

1 Jun 2021 2AM 4 min

SA’s unemployment rate hits record high in Q1

South Africa's unemployment rate rose to a record high of 32.6% in the first quarter. Job losses were recorded mostly in the construction sector, followed by trade and private households as the economy continued to grapple with the impact of Covid-19. Business Day TV's Alishia Seckam spoke to Lullu Krugel,…

1 Jun 2021 2AM 7 min

SA factory activity continues to gain momentum

The Purchasing Managers Index (PMI) compiled by Absa suggests that local factories are in good health as the latest reading for May has come in at 57.8 points with four of the five sub-components remaining above the 50-point neutral mark that separates expansion from contraction. Business Day TV's Alishia Seckam…

1 Jun 2021 2AM 6 min

Tourism sector in focus as third wave looms

South Africa’s tourism sector is reeling from the impact of previous Covid-19 restrictions. Business Day TV spoke to Tshifhiwa Tshivhengwa, CEO of the Tourism Business Council of SA about his outlook for the sector with the country now at adjusted Alert Level 2 lockdown.

31 May 2021 2AM 8 min