Business News Leaders

Why did Sasfin swing to an interim loss of R48.1M

Sasfin has plunged into the red. The financial services group has reported an annual loss of over R48 million, due to a jump in credit provisions. Business Day TV spoke to CEO Michael Sassoon for greater perspective on the numbers.

30 Sep 2020 2AM 7 min

How the lockdown burnt a R4.2bn hole in Capitec's pockets

Capitec’s half-year headline earnings plunged by 78%, largely due to the impact of lockdown regulations, which necessitated a hefty credit impairment charge. Business Day TV spoke to CEO Gerrie Fourie for his take on the performance.

30 Sep 2020 2AM 7 min

Shareholder alignment in SA

Very few companies in SA exist where incentives are even remotely aligned with shareholder value. Generally it appears remuneration committees and Boards seem to think if you align remuneration to metrics like EBITDA and revenue growth that this is value creative, without realising that these can and very often are…

29 Sep 2020 2AM 20 min

Should SA hike sin taxes to address its revenue shortfall?

South Africa faces a revenue shortfall of over R300 billion, and a steep sin tax hike has been touted as a possible solution for that gap. Business Day TV unpacked the proposal with Keith Engel, CEO of the South African Institute of Tax Professionals and Corné van Walbeek, the Director…

29 Sep 2020 2AM 12 min

How will EPP recover from the effects of Covid-19?

EPP has felt the pinch of Covid-19. During the group’s half-year, the Polish landlord introduced rental discounts and while this resulted in an improvement in rental collections it weighed on the company's performance with a 36.4% drop in net property income. Business Day TV spoke to EPP’s CEO Tomasz Trzoslo…

29 Sep 2020 2AM 5 min

Is a Rand rally on the cards?

The local unit has seen much volatility due to Covid-19, but some analysts are optimistic that a rebound may be on the cards once the dust settles on the pandemic. Business Day TV spoke to John Cairns from RMB about the local unit's performance and the possibility of a rand…

28 Sep 2020 2AM 4 min

How Government plans to add additional power to the grid

President Cyril Ramaphosa used his morning letter to announce that Government has now gazetted ministerial determinations that will enable the development of more than 11,800 megawatts (MW) of additional power generation. To give a sense of the scale of this development, SA currently has in the region of over 30,000…

28 Sep 2020 2AM 26 min

Why ARC Investments did a U-turn on fund fees

African Rainbow Capital Investments (ARC Investments) has caved into investor pressure and abandoned plans to use funds from a rights offer to pay fund management fees. Business Day TV caught up with ARC co-CEO Johan van der Merwe to discuss the decision in detail.

28 Sep 2020 2AM 7 min

Remgro reports profit plunge as Covid-19 bites

Remgo has reported a 61.4% slump in full-year headline earnings. It says the performance is largely due to the pandemic, and its impact on Remgro's underlying investments. Business Day TV unpacked the performance, and the company's outlook with Remgro CEO Jannie Durand.

28 Sep 2020 2AM 6 min

Developing SA’s space industry

South Africa’s new space infrastructure hub will boost the local space industry’s capabilities. But how will it be funded? For more detail Business Day TV spoke to Andiswa Mlisa, MD of Earth Observation.

23 Sep 2020 2AM 5 min

Government looks to mining sector to fuel economic rebound

South Africa is not only pegging its hopes on an infrastructure plan to drive the revival of the economy, it's also banking on the rejuvenation of the mining industry. Business Day TV discussed how investment in that sector could boost the economy going forward with Arnold Van Graan from Nedbank…

23 Sep 2020 2AM 4 min

What SA’s economy needs to get growing again

Eunomix has warned that South Africa could become a failed state in the next 10 years if nothing is done to fuel growth. Business Day TV spoke to Claude Baissac from Eunomix about some of the strategies South African can employ to avoid becoming a failed state.

23 Sep 2020 2AM 8 min

No jackpot in Cannabis Bill

Almost two years after the landmark Constitutional Court judgment legalising the private use of cannabis, the Cannabis for Private Purposes Bill has been introduced. High hopes have been dashed though as the Bill has come in for some stinging criticism for failing to live up to the spirit of the…

22 Sep 2020 2AM 25 min

Second wave fears rattle local bond market

The South African bond market has been dealt a blow by both global and local factors, with the yield on the benchmark 2030 government issue at 9.4%. That's as sentiment was dampened by Treasury committing to another bailout for SAA as well as second wave coronavirus fears. Business Day TV…

22 Sep 2020 2AM 5 min

Will motorist funds the Gautrain's expansion plans?

The Gautrain Management Agency (GMA) is engaging with Treasury on ways to fund its multibillion-rand expansion plans. One suggestion is to tax motorists as a way to not only provide a funding source for the Gautrain but to also move people away from carbon-intensive modes of transport. Business Day TV…

22 Sep 2020 2AM 6 min

Under the bonnet of structured products

Michael Avery takes a look under the hood of structured instruments, with a particular focus on their applicability in diversified retail portfolios at times like these where we see so much market uncertainty thanks to the impacts of Covid 19. ​ He’s joined by Brian McMillan, Financial Products at Investec…

22 Sep 2020 2AM 25 min

What unions want to happen at SAA

Unions have given the department of public enterprises seven days to finalise funding for the restructuring of SAA or face protracted protests. Both the National Union of Metalworkers of SA (Numsa) and the SA Cabin Crew Association (Sacca) are accusing government of delaying SAA's turnaround plans and potentially putting the…

21 Sep 2020 2AM 7 min

Why Ford is investing in SA

Ford has announced plans to double production to 200, 000 units a year over the next three to four years by investing R138mn in its Silverton Assembly Plant in Pretoria. Bussines Day TV caught up with Ford SA's MD Neale Hill to discuss the details.

21 Sep 2020 2AM 8 min

What is the definition of Venture Capital in the SA

The U.S. venture-capital industry is envied throughout the world as an engine of economic growth. Although the collective imagination romanticizes the industry, it can be a brutal and lonely place. If we're serious about growing the economy through supporting new businesses, and not just mom and pop type small and…

18 Sep 2020 2AM 27 min

Was the SARB wise to keep rates on hold?

After slashing interest rates by 300 basis points so far this year, the Reserve Bank kept rates unchanged at 3.5% at it's latest Monetary Policy Committee meeting. Business Day TV unpacked the decision in greater detail with Kevin Lings, Chief Economist at Stanlib.

17 Sep 2020 2AM 6 min