Business News Leaders

Oil continues to slide

Oil continues to lose ground as Covid-19 cases in the US and Europe rise, sparking concerns about demand. Business Day TV spoke to David Elmes from the Warwick Business School about the dynamics currently at play.

26 Oct 2020 2AM 4 min

Covid-19 serves up tough times for Famous Brands

Covid-19 has served up tough times for Famous Brands. The owner of Wimpy has had to contend with restaurants being shut, weak demand and constrained consumer spending. So how does the business rebuild post the pandemic? To find out Business Day TV spoke to Famous Brands CEO Darren Hele.

26 Oct 2020 2AM 8 min

Where will growth come from for Adapt IT?

Adapt IT has opted to hold on to its final dividend as Covid-19 batters the SA economy. The technology group does however expect a bump from the education and telecoms sectors as the pandemic boosts demand for online learning and services related to working from home. ​Business Day TV caught…

26 Oct 2020 2AM 5 min

What to expect from Mboweni's mini budget​

With just under a week to go before finance minister Tito Mboweni unveils his mini budget, economists and the business community have come out with what they'd like to see in the MTBPS. Business Day TV caught up with Citadel's chief economist Maarten Ackerman to discuss his expectations. ​

23 Oct 2020 2AM 8 min

So, for the record by Anton Harber

Michael Avery interviews well-known journalism professor and author, Anton Harber, about his new book, So, for the record, which goes behind the headlines that damaged media credibility during the Jacob Zuma era of state capture. The masterfully crafted account of how the Sunday Times became the modern day Ozymandian parable,…

23 Oct 2020 2AM 24 min

Presidential Employment Stimulus: how far does it go to address the unemployment crisis?

The launch of the Presidential Employment Stimulus in South Africa’s Economic Reconstruction and Recovery Plan marks a fundamental shift in the government's approach to tackling unemployment. But there has been some misunderstanding by commentators on how it will be funded and rolled out. Michael Avery speaks to Dr Kate Philip,…

23 Oct 2020 2AM 26 min

Carbon tax deadline looms

South Africa is ranked among the top 15 emitters of greenhouse gas emissions (GHG) per capita in the world, making it the most polluted non-oil producing nation. The deadline for paying the carbon tax for the 1 June – 31 December 2019 period is looming at the end of October…

22 Oct 2020 2AM 24 min

What does the future hold for Altron?

Altron is optimistic about its future prospects. The technology services firm expects to derive more benefit from customers opting to go online and it's planning to list its Bytes UK unit on the London Stock Exchange. Business Day TV discussed the outlook in detail with the group's CEO Mteto Nyati.

22 Oct 2020 2AM 5 min

Why Covid-19 volatility failed to boost active funds

The passive vs active debate has been raging for years now, and the passive side seems to be winning - well at least in SA with almost three quarters of local active funds failing to beat their benchmark index in the first half of the year. Sangeeth Sewnath from Ninety-One…

22 Oct 2020 2AM 4 min

What kept Clicks healthy during Covid-19

Social distancing drove many from malls to online shopping and the pandemic also resulted in increased demand for medicines and other healthcare products. This worked in Clicks' favour. The retailer's annual online sales surged by 361% while its medicine distribution unit, UPD produced double digit turnover growth during the period…

22 Oct 2020 2AM 8 min

Is the JSE facing a delisting crisis?

There are 250 fewer companies listed on the JSE now than in 2000. Last year alone, 21 companies delisted and this trend has continued into 2020, with Afrox, Intu properties and Peregrine being among the recent companies to ditch the local bourse. So could the JSE be dealing with a…

21 Oct 2020 2AM 5 min

SA’s Cost of Capital Increases During Covid Crisis

Government ministers would be shocked by the economic value implications of sovereign risk and its impact on the cost of capital. CDS’s have widened to 300 basis points since Covid struck further raising the cost of capital for businesses to invest in SA. Michael Avery speaks to Prof Brian Kantor,…

21 Oct 2020 2AM 25 min

Is Long4Life positioned for growth?

Investment group Long4Life managed to hold onto a small profit during the six months to end-August as Covid-19 restrictions disrupted trading. But now that the lockdown is being lifted, is Long4Life positioned for growth? Business Day TV caught up with the company's CEO Brian Joffe to find out.

21 Oct 2020 2AM 5 min

SABC wants help collecting licence fees - will it work?

Government is considering new rules to compel pay-TV operators such as MultiChoice and streaming platforms like Netflix to collect TV license fees on behalf of the SABC. The move is expected to boost the public broadcaster's finances as it's comes under pressure due to the economic crisis prompted by the…

21 Oct 2020 2AM 7 min

Local investors await MTBPS, US elections

Local bond yields remain under pressure, as investors look to upcoming events like the medium-term budget and​ the US elections for direction. Business Day TV touched base with RMB's Tebogo Mekgwa for more insight

20 Oct 2020 2AM 2 min

Lockdown trading restrictions weigh on Pick ‘n Pay

Lockdown trading restrictions weighed on Pick n Pay’s half-year performance. The retailer's headline earnings per share more than halved, and it's slashed its dividend by 56%. Pick n Pay did however see a spike in online sales during the period, and is looking to broaden its offering with the planned…

20 Oct 2020 2AM 6 min

Can competition law preserve contestable digital spaces in South Africa?

The issue of market dominance and regulation of big tech has risen to the surface of the global debate about the future of today’s biggest companies. In the USA Congressional report produced after more than a year of fact-finding and testimony blasts Google, Apple, Amazon and Facebook as monopolistic ‘gatekeepers’…

20 Oct 2020 2AM 24 min

JSE hits Steinhoff with R13.5m in fines

The JSE has hit Steinhoff with fines worth R13.5 million, which includes a maximum penalty of R7.5 million for incorrect, false and misleading statements. Business Day TV spoke to Andre Visser, Director of Issuer Regulation at the JSE for more detail.

20 Oct 2020 2AM 5 min

C19 Infrastructure implementation barometer

Predictably, President Cyril Ramaphosa’s Economic Reconstruction and Recovery Plan placed a grand R1 trillion infrastructure plan (leveraging up to R660bn of ‘crowded in’ private sector capital, or so it is hoped) at the centre. But plans are wearing thin and only execution matters at this late stage to pull South…

19 Oct 2020 2AM 24 min

COVID-19 construction stoppages weigh on Calgro M3

The coronavirus pandemic has weighed on Calgro M3. The national lockdown resulted in construction activity being halted for two months and this pushed up the company’s costs and contributed to Calgro M3’s interim loss widening to R39m. Business Day TV spoke to Wikus Lategan, CEO of Calgro M3 for greater…

19 Oct 2020 2AM 8 min